Selasa, 08 Oktober 2013 - 10:00:54 WIB
Ramba Energy announces completion of development drilling at the Jatirarangon block
Dibaca: 7769 kali

Ramba Energy announces completion of development drilling at the Jatirarangon block Thursday, Sep 19, 2013 The Board of Directors of Ramba Energy Limited (“Ramba” or the “Company”) refers to the previous announcements released on 8 February 2011 and 5 July 2013 with respect to its interest in the Jatirarangon TAC (“Jatirarangon block”) located in Java, Indonesia. The Board of Directors is pleased to announce that the Company has completed the deepening of the JRR-1 production well at 18:00 hours on 8 September 2013. The JRR-1 well has been deepened to a total depth of approximately 8,900 feet. Well log analysis confirms the presence of hydrocarbons in the Upper and Lower Baturaja Formation as well as the Talang Akar Formation. TheJRR-1 well has produced up to 5.5 MMSCFD of gas and 265 BOPD of oil since the completion of the deepening works. The JRR-1 well is currently under observation. A full comprehensive extended well testing for other identified zones is expected to be carried out in the future by rigless operation for cost optimization. However, this is subject to regulatory approval. The Company will make such further announcements toinform shareholders of any updates or developments at the Jatirarangon block.