SYDNEY (Yosefardi) – NuEnergy Gas Limited has successfully drilled the second pilot well (Pilot Well#2) to the target total depth of 802 metres, located at the Muara Enim Production Sharing Contract (PSC) Pilot Production Site in South Sumatra, Indonesia.
Coals have now been lodged and a total of 46 metres of net coal seems have been identified. Logs of the Suban J seam confirmed over 13 metres of continuous coal.
The well is being prepared for 7″ casing and completions for the section from 611 to 802 metres. Pilot Well 2 is located approximately 500 metres from Pilot Well 1 which has been producing gas for over 120 days.
NuEnergy has three operated PSCs in Indonesia, two operated CBM & shale gas joint ventures in Tanzania and Exclusive Prospecting License in Malawi for CBM and shale gas.