NZOG: Kisaran PSC operations update
Monday, September 2 2013 - 01:20 AM WIB
(September 02, 2013) -- New Zealand Oil & Gas Ltd (NZOG) is pleased to provide the following update regarding the drilling at the Parit Minyak-3 (PM-3) well, located in the Kisaran PSC in onshore Sumatra, Indonesia , an 8 1/2 inch hole had been drilled to a depth of 8520 feet (2598 metres), as of Sunday, 1 September.
The current operation is logging in the open-hole section from 5067 ft (1545 meters). Following evaluation of this data, further decisions will be considered, including casing, flow testing and drilling deeper.
New Zealand Oil & Gas Ltd has a 22.5 per cent stake in the joint venture through its subsidiary NZOG Asia Pty Ltd. The Kisaran Joint Venture partners are Pacific Oil & Gas (55 per cent and Operator) and Pacific Oil & Gas (Sumatera) Ltd, a subsidiary of Bukit Energy Inc. (22.5 per cent). (ends)