Sound Oil Sets June as Spud Date for Bangkanai Well

Sound Oil announced the following update on its projects in Indonesia.


Citarum PSC, Java (Sound Oil 20%)

The 13 3/8" casing has been successfully installed at the Jatayu-1 exploration well in the vertical hole at 2,031 feet measured depth. The Operator drilled the top-hole section as planned. The well will now be deviated towards the Miocene Parigi Formation objective.


Bangkanai PSC, Kalimantan (Sound Oil 5%)

The license Operator has recently advised that the drilling rig for the Kerendan gas field development and associated exploration drilling has mobilized from Batam, Sumatra on April 1. Transportation is by three barges the last of which is expected to arrive at the Luwe Hulu staging area in Kalimantan by end April. The equipment will then take approximately one week to transport to the drilling location. The first well is expected to spud in early June.