The Board of Directors of RH Petrogas Limited provides an update on the drilling of the Zircon-1 exploration well ('Zircon-1') in the Salawati Kepala Burung PSC ('Island PSC'), Indonesia.
Zircon-1 reached its total vertical depth of 1,525 meters on 25 September 2013 and logging operation has since commenced. The well encountered oil shows during drilling in the Kais formation and was deepened from the original planned total vertical depth of 1,205 meters to assess the deeper potential. Production testing will follow if log analysis confirms the presence of hydrocarbon zones.
After completion of Zircon-1, the rig will move to drill the Koi-2 appraisal well as announced on 5 September 2013.