Release: CityView: Well Report Madura block ? Sebaya #3 well
Monday, May 30 2005 - 06:53 AM WIB
May 30, 2005 ? CityView Corporation Limited (?CityView?) (ASX:CVI) has received the following information from its Joint Venture partner and Operating Shareholder, Pt Medco Energi Internasional TBK (?Medco?):
Operator: Medco Madura ? Pertamina JOB
Well: Sebaya #3
Rig: P.T Apexindo Rig 14
Spud: 1500 hours, May 26, 2005
Target Depth: Programmed for 6,000 feet
Present Depth: 1277 feet
FORMATION OBJECTIVE:
Primary: Secondary:
? Tuban Fm. Zone 56 (projected to be at approx. 4675 ftss)
? Tuban Fm. Zone 44 (projected to be at approx. 3650 ftss)
Tuban Fm. Zone 32, Zone 24 (projected to be at approx. 2790 and 1970 ftss respectively)
CURRENT ACTIVITY: Drilling Ahead
? The Sebaya #3 well was spud-in at 1500 hours May 26, 2005.
? As of 0600 hours, Monday May 30, drilling had reached 1277 feet.
NEXT OPERATION:
? The rig will continue to drill 12 ?? pilot hole. (end of release)