Ramba commences workoever in JRR-3 ST well
Monday, May 27 2013 - 06:03 AM WIB
SGX-listed firm Ramba Energy Limited announced that it has commenced the workover of the JRR-3 ST production well in Jatirarangon block in Java since May 24, 2013.
The JRR-3 ST workover will potentially add another producing zone from the Cibulakan-3 zone, which is at an approximate depth of 6,825 feet, the company said in a statement this week.
The company expects the workover operations to take approximately 10 days.
Meanwhile, regarding its interest in Lemang PSC block in South Sumatra, Ramba said it has appointed PT Rothschild Indonesia and DMG & Partners Securities Pte Ltd as joint advisers to conduct a strategic review of the Lemang block with a view to enhance value for shareholders.
Ramba holds a 51 percent working interest in the Lemang through PT Hexindo Gemilang Jaya, its local subsidiary.
Editing by Dadan Wijaksana