Premier Completes Testing of Lakkhi-1 Exploration Well in NE India

Premier reports that drill-stem testing operations at the Lakkhi-1 exploration well in Assam, North East India have been completed.

Based on oil and gas 'shows' during drilling and subsequent electric wireline logs, several potential hydrocarbon-bearing zones were identified in the Barail Formation in line with the pre-drill prognosis.

Two separate intervals of the Barail formation were tested and flowed gas and condensate at sub-commercial rates. The well is to be suspended to allow possible re-entry with a work-over rig at a later date for further testing or evaluation.

Simon Lockett, Premier's Chief Executive Officer said:

'We are encouraged to have encountered hydrocarbons in the prospect though at this location the reservoir appears to be tight leading to low flow rates. The data gathered from this well will be used to determine future exploration activities on the block.'