NZOG: Kisaran PSC operations update
Monday, September 16 2013 - 12:57 AM WIB
(16 September 2013) -- New Zealand Oil & Gas Ltd (NZOG) is pleased to provide the following update regarding the drilling of the Parit Minyak-3 (PM-3), located in the Kisaran PSC in onshore Sumatra.
At Sunday, 15 September, seven inch casing had been run and cemented at the Parit Minyak-3 (PM-3) well.
The current operation is continuing drilling to 9000 ft using a 5 7/8? inch bit.
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)