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Kisaran Exploration Well weekly progress report 21st October

Posted on 21 October 2013

As previously reported, gas and condensate flowed to the surface during drill stem testing of the first zone at the Parit Minyak-3 (PM-3) exploration well, located in the Kisaran PSC in onshore Sumatra, Indonesia.

Flow testing of a gross open hole interval from 8520 feet (2598 meters) to 8760 feet (2671 meters) was completed on Thursday, 3 October.

The well flowed at a rate of approximately 3 million scf/d gas and 90 barrels/day condensate on a 28/64" choke and with a flowing tubing head pressure (FTHP) of approximately 1000 psi.

The second DST was carried out in cased hole over two perforated intervals 8350 feet (2546 meters) to 8378 feet (2554 meters) and 8410 feet (2564 meters) to 8444 feet (2574 meters).

The well flowed gas to surface at 12 thousand scf/d on a 28/64" choke with a flowing tubing head pressure at FTHP of 100 psi and liquid influx to tubing was indicated. Liquid samples have been retrieved using wireline and are being analysed.

Both tests were within Eocence/Oligocene Pematang sandstones.

The current operation is retrieving the test string and preparing the well for suspension.

New Zealand Oil & Gas Ltd has a 22.5% stake in the joint venture through the share ownership of its subsidiary NZOG Asia Pty Ltd in Pacific Oil & Gas (North Sumatera) Ltd.
The Kisaran Joint Venture partners are Pacific Oil & Gas (Kisaran) Ltd (55 per cent and operator) and Pacific Oil & Gas (Sumatera) Inc, a subsidiary of Bukit Energy Inc. (22.5 per cent).

Attachment: News Release