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Kisaran Exploration Well weekly progress report 30th September

Posted on 30 September 2013

Preparations are underway to begin flow testing in the Parit Minyak-3 (PM-3) well located in the Kisaran PSC in onshore Sumatra, Indonesia.

Based on wireline logging results, up to two drill stem tests (DSTs) will be conducted. The first will be an open hole test over a gross interval of 246 feet, the second will be in cased hole over a gross interval of 62 feet. Depending on the types of fluids and rates of flow, this testing program could take 15-20 days.

The well has been drilled to a total depth (TD) of 8760 feet (2670 metres).

New Zealand Oil & Gas Ltd has a 22.5 per cent stake in the joint venture through its subsidiary NZOG Asia Pty Ltd.

The Kisaran Joint Venture partners are Pacific Oil & Gas (55 per cent and Operator) and Pacific Oil & Gas (Sumatera) Ltd, a subsidiary of Bukit Energy Inc. (22.5 per cent).

Attachment: News Release