Black Platinum Plugs Dara Wells as Gas Discoveries

In November 2012, Black Platinum Energy’s wholly?]owned subsidiary, North Sokang Energy Ltd., completed two exploration wells in its North Sokang PSC, located in the East Natuna Sea. Both wells ?] Dara 3 & 4 ?] targeted the Upper Pliocene sands and were plugged and abandoned as gas discoveries.

The Dara 3 well was drilled to a depth of 3,182 feet (970 meters) and intersected net gas pay of 59 feet (18 meters). Dara 3 was successfully flow tested at a rate of 9 MMcf/d with 1.9% CO2 and no water. The nearby Dara 4 well was drilled to a depth of 2,526 feet (770 meters) and intersected net gas pay of 16 feet (5 meters). A gas sample of 1.3% CO2 was recovered from one of the Upper Pliocene sands. The Dara 4 well was not tested. Black Platinum Energy is the Operator and holds a 100% interest in the North Sokang PSC. Black Platinum Energy’s COO Elliot Yearsley said that the objective of the drilling program was to confirm the viability of the Upper Pliocene sands as low CO2 producible reservoirs. Black Platinum Energy’s CEO Judiana Ardiwinata added that the Dara 3 and Dara 4 wells opened up the Pliocene play in Black Platinum’s two East Natuna blocks covering over 13,000 sq km for further appraisal and exploration.


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