Seismic survey on South Block A scheduled soon
Thursday, October 25 2012 - 03:20 AM WIB
Australia-listed Lion Energy Limited through its subsidiary KRX Energy Pte Ltd, a partner in South Block A in northern Sumatra, announced it has been notified by operator RENCO Elang Energy Pte Ltd that a seismic survey is scheduled in fourth quarter.
The seismic activities aim to delineate high ranked prospects with exploration drilling programmed for 2013, the company said in a statement.
Previously, the company said an extensive prospect and lead inventory exists within the 2,105 km2 South Block A area, with un-risked potential ranges (on a 100% basis) of: 87-475 mmb for the oil, and 370-1,994 bcf for the gas.
At the block, KRX Energy Pte Ltd has a 35 percent interest. RENCO holds a 51 percent stake, with PT Prosys Oil&Gas International holding the balance.
Editing by Dadan Wijaksana