Coastal Energy provided the results of the Bua Ban South A-02 and A-03 wells.

The Bua Ban South A-02 well was drilled to a total depth of 8,275 feet TVD. The well encountered 8 feet of net pay in the Lower Oligocene section with 17 percent porosity, which is consistent with porosities at this depth in the Songkhla basin. The oil water contact was encountered at 8,120 feet TVD, indicating an oil column of 1,800 feet.

The A-02 well was 700 meters from the A-01 well at the top of the Lower Oligocene. Pressure data indicate that this accumulation discovered by the Bua Ban South A-01 and A-02 wells is connected to the Bua Ban #1 & #3 wells, which were drilled by the Company in 2005. This accumulation is separate from the currently producing Bua Ban Main field. Analysis indicates that this reservoir is large enough to be commercial.

Tags: Coastal Energy