4th May 2007 07:01
Premier Oil PLC04 May 2007 PREMIER OIL PLC ("Premier" or "the Company") Indonesia Drilling Update Indonesia The Gajah Sumatera-1 exploration well in Natuna Sea Block A has been drilled toa total depth of 2,387 metres. While the well encountered some gas shows whiledrilling, wireline logs indicate that no significant hydrocarbons wereencountered and the well has been plugged and abandoned. Following completion of operations on the Gajah Sumatera-1 well, the Seadrill-5rig has moved to the Anoa field where it will conduct a workover on an existingwell, before drilling a development well to exploit the oil discovered last yearin Anoa's Central Lobe. Simon Lockett, Premier's Chief Executive, commented: "The Seadrill-5 now moves on to development activity to support existing gassales contracts into Singapore and to exploit the oil discovered in 2006 in theCentral Lobe of Anoa" 4 May 2007 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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