Texcal to spud PA-1 well in April
Thursday, January 26 2017 - 03:24 AM WIB
Texcal Mahato EP Ltd. plans to drill PA-1 well in the Mahato PSC, Central Sumatra Basin, in April of this year.
This was said by upstream authority SKK Migas' Chief Representative for northern part of Sumatra (Sumbagut) Hanif Rusdy to Petromindo.com Thursday. He did not provide further details about the planned drilling program.
The Mahato PSC covers a highly prospective area close to several large producing oil fields and multiple appraisal and exploration opportunities have been mapped.
Texcal Mahato EP holds 62.5 percent as the operator in Mahato PSC, ASX-listed Cue Energy Resources Ltd holds a 12.5 percent interest, and the remaining 25 percent interest is held by Bukit Energy Central Sumatra (Mahato) Pte.
Editing by Reiner Simanjuntak