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Castlebuilder

1,521 Posts.

13/11/14

22:41

Post #: 14287612
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Originally posted by Bluntaxe ↑

Found this document on my computer dated November 12, two years old
Thought it would be good for a laugh, we need one!!!

Ranau drilling program

Quest is currently preparing to spud the first well in its initial three well program at the Ranau PSC in December this year, subject to rig mobilisation and land access agreements.
The company had received approval from Indonesian upstream regulator BPMIGAS for drilling of its Kayumanis‐1 well in late October.
Kayumanis-1 targets up to 59 million barrels (MMbbl) of oil or 340 billion cubic feet of gas is one of 16 leads identified in the PSC that have combined potential of up to 6 trillion cubic feet of gas and/or 300MMbbl of oil.
The lead is located on the edge of an identified structural high proximate to three significant sub-basins with clear potential for hydrocarbon generation.
Kayumanis-1 targets the Baturaja Limestone and Talang Akar Sandstone Formations, which are the most prolific oil and gas reservoirs in the South Sumatra Basin.
The drill site is on well drained, elevated land adjacent to a paved asphalt road which will facilitate the commencement of drilling and completion.
Based on the results of the Kayumanis-1 Well, two further wells are planned in the initial drilling program. Work is underway on refining the physical drill locations and further details on these will be released closer to spud date.

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"The company had received approval from Indonesian upstream regulator BPMIGAS for drilling of its Kayumanis‐1 well in late October."

So where's that drill rig again??????

QPN Price at posting: 0.1¢ Sentiment: None Disclosure: Held
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