PCL 0.00% 0.2¢ pancontinental oil & gas nl

pancontinental oil /gas., page-2

  1. 1,747 Posts.
    This looks pretty self explanatory.

    Regards M.

    VOYAGER ENERGY LIMITED 2003-05-30 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    NEWS RELEASE

    JINGEMIA-1 EXTENDED PRODUCTION TEST - UPDATE

    Voyager Energy Limited advises that the Jingemia-1 well has been,
    since Tuesday, 27 May flowing approximately 40 API oil without water
    through a one inch choke at rates between 1850 and 1900 barrels a
    day.


    The extended production test (EPT) of the Jingemia-1 well is
    planned to continue for another two months. After flowing the well
    for a week at the current one inch choke size, a one week shut in is
    programmed. Following this it is planned to reopen the well and flow
    it through a one inch choke for the remainder of the test period.

    The objective of the EPT is to acquire information on reservoir
    performance over a 3-month period before finalising plans for full
    field development. Production rates can be expected to vary
    throughout the test period.

    Oil produced is being trucked to and sold at the BP oil refinery at
    Kwinana south of Perth.

    Participants in EP 413 and Jingemia-1 are as follows:

    Origin Energy Developments Pty Limited* 49.189%
    Hardman Oil and Gas Pty Ltd 22.376%
    AWE (Perth Basin) Pty Ltd 15.245%
    Victoria Petroleum NL 5.7685%
    Voyager Energy Limited 6.0015%
    Pancontinental Oil & Gas NL 1.278%
    John Kevin Geary 0.142%

    * a wholly owned subsidiary of Origin Energy Limited (Operator)
 
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