NZOG: Kisaran PSC operations update
Monday, March 11 2013 - 01:23 AM WIB
(11 March 2013)--New Zealand Oil & Gas (NZOG) advises that as at 2.00PM Sunday, 10 March ( NZT ), the following operations were completed at exploration well Parit Minyak-2 (PM-2), located in the Kisaran PSC in onshore Sumatra, Indonesia:
The well has been drilled to 6319 feet (1926 metres).
Current operation: Run and cement intermediate casing prior to drilling into the objective section. The well is exploring several targets to a depth of 9000 ft (2743 m).
New Zealand Oil & Gas Ltd has a 22.5% stake in the joint venture through the share ownership of its subsidiary NZOG Asia Pty Ltd in Pacific Oil & Gas ( North Sumatera ) Ltd.
The Kisaran Joint Venture partners are Pacific Oil & Gas (Kisaran) Ltd (55 per cent and operator) and Pacific Oil & Gas (Sumatera) Inc. (22.5 per cent). (ends)