Ramba needs longer time for analysis in Lemang Block
Monday, April 15 2013 - 06:37 AM WIB
SGX-listed Ramba Energy Limited had announced that possibly it will need an additional 25 days for testing and analysis, contrary to its prior announcement that it expected drilling operations to take approximately 26 days in Lemang Block, South Sumatra.
?We expect testing and analysis will need another 30 days, which is when the drilling contractor is expected to rig-down and mobilize for a non-related contract,? the company said in a press statement on Monday.
It stated that the timeframe indicated in the prior announcement on 4th February 2013 was an approximate only and is dependent on the subsurface conditions encountered. The estimated timeframe in the prior announcement was based on factors known to the company at that point in time.
The Company will make such further announcements to inform shareholders of any updates or developments on the Akatara-1 well.
On 4th February 2013, Ramba Energy Limited said that drilling of the Akatara-1 exploration well ? the second exploration well to be drilled at the Lemang Block in South Sumatraa ? was started on Sunday afternoon (3rd February 2013).
The Akatara-1 well will have a total depth of 7,600 feet true vertical depth, or 8,000 feet measured depth.
The Akatara-1 well is targeting the Intra Gumai Sand Formation, Upper Talang Akar Formation, Lower Talang Akar Formation, and the Crystalline Basement.
Editing by Benget Besalicto Tnb.