Kisaran Exploration Well weekly progress report 4th March

Posted on 4 March 2013

At 2.00PM Sunday, 3 March (NZT), the following operations were completed at exploration well Parit Minyak-2 (PM-2), located in the Kisaran PSC in onshore Sumatra, Indonesia:

Casing set at 1809 ft (551 m) and successfully cemented.
The well has been drilled to 4572 feet (1394m).

The well has an expected total depth of 9000 feet (2743M). The first of several drilling targets is a Pliocene Fan at approximately 5772 feet (1744M).

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. (22.5 per cent).

Kisaran progress 4 March 2013