NZOG: Kisaran PSC operations update
Monday, April 8 2013 - 01:11 AM WIB
(8 April 2013)--New Zealand Oil & Gas (NZOG) advises that at 11:30AM Sunday, 7 April (NZT), the following operations had been completed at exploration well Parit Minyak-2 (PM-2), located in the Kisaran PSC in onshore Sumatra, Indonesia :
- Recovered 42.8 feet of core (8587-8630 feet)
- Drilled 8 1/2 inch hole to 8891 feet (2710m)
Current operation: Continue drilling to total depth.
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)