GeoPetro Starts Fourth Well in Bengara-II



GeoPetro Resources has commenced drilling on the Punga #1 exploration well on the Bengara-II Block in Indonesia.

The Punga #1 is the fourth well to be drilled as part of the 2007 drilling program for the Bengara-II Block, onshore East Kalimantan, Indonesia. Drilling of the Punga #1 is planned to a total depth of 2,800 meters (9,186 feet).

The Punga #1 will test a large, seismically mapped structural culmination at a location approximately 16 miles southeast of the Seberaba #1 exploration well location, and approximately 12 miles southeast of the Seberaba #4 appraisal well location.

Meanwhile, drilling continues on the Seberaba #3 and Seberaba #4 appraisal wells, and testing continues on the Seberaba #1 wildcat.


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