KrisEnergy Commences Seismic Survey in East Muriah PSC off East Java Sea

KrisEnergy Ltd (KrisEnergy or the Company), an independent upstream oil and gas company, disclosed Wednesday the acquisition of 807 miles (1,300 kilometers) 2D seismic data in the East Muriah production sharing contract (PSC) in the East Java Sea, Indonesia. The Nordic Bahari seismic vessel commenced the acquisition Feb. 6.

East Muriah, which contains the East Lengo gas discovery, covers 1,448 square miles (3,751 square kilometers) offshore East Java over the East Java Basin. Water depths in the East Muriah PSC are between 31 feet and 40 feet (50 meters and 65 meters). The seismic acquisition program precedes the drilling of an appraisal well planned for the third quarter 2014.

Chris Gibson-Robinson, KrisEnergy’s director Exploration & Production, commented: “We are acquiring this new seismic program to further delineate the East Lengo discovery and to confirm additional gas prospects in the block. The East Muriah PSC forms part of our East Java core area which includes the adjacent Bulu PSC.”

KrisEnergy holds a 50 percent operated working interest in the East Muriah PSC and is partnered by AWE Limited, which holds the remaining 50 percent.


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