NZOG: Kisaran PSC operations update
Monday, September 23 2013 - 07:14 AM WIB
(23 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 2.00PM Sunday, 22 September (local time), a total depth (TD) of 8760 feet (2670 metres) was reached in the Pant Minyak-3 (PM-3) well.
The current operation is running wireline logs of the open hole section, and preparing to run Drill Stem Tests (DSTs) of zones of interest in the open and cased hole sections of the well.
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)