(MENAFN- ProactiveInvestors)
() has flowed oil at a rate of 1590 barrels per day from a secondary target at its Bunian-3 development well in the Sukananti KSO South Sumatra.
The company has a 55% interest in the Sukananti KSO.
Test flow was constrained by surface facilities and is additional to the flow of 1742bpd from the TRM3 primary target.
Oil flows are being directed to a temporary production facility and produced oil is being trucked to a pumping station for delivery to market.
Further opportunities have been identified in the TRM1 and TRM2 sands which can be assessed in subsequent drilling.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.