21st Sep 2006 07:03
Premier Oil PLC21 September 2006 PREMIER OIL PLC ("Premier" or "the Company") Anoa Drilling Success Indonesia Premier announces the latest results from the 2006 Indonesian drilling programmein Natuna Sea Block A. West Lobe Whilst drilling the West Lobe-1 well, one of the four development wellscurrently being drilled as part of the Anoa Field West Lobe development, a 100foot hydrocarbon bearing interval was encountered in a shallower horizon abovethe main producing reservoir. An evaluation is under way to establish thesignificance of this success which is likely to require further appraisal. Central Lobe In addition, a further appraisal well has been drilled into a new fault block inthe Anoa Field. Results have confirmed the presence of a 67 foot column, withan overlying 80 foot gas column. Evaluation is ongoing, however this result hasthe potential to increase significantly oil production at the Anoa field. Premier's Chief Executive, Simon Lockett, said: "The success here is positive news for our key Anoa asset in Natuna Sea Block Awhere next year we will be drilling a further five wells. In line with ourstrategy, this is further evidence of our ability to add reserves from withinour existing producing portfolio." ENQUIRIESPremier Oil plc Tel: 020 7730 1111Simon LockettTony Durrant Pelham PRJames Henderson Tel: 020 7743 6673Gavin Davis Tel: 020 7743 6677 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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