Premier Oil Spies O&G Shows at Ca Rong Do Well Offshore Vietnam

Premier Oil plc

Premier Oil noted that the Ca Rong Do exploration well (07-CRD-1X) well on Block 07/03 offshore Vietnam has been drilled to TD at a measured depth of 3,810m BRT, having intersected the target intervals. The well was spudded on May 6, 2009 using the semisubmersible drilling unit Hakuryu-5.

The well encountered oil and gas shows while drilling and wire line logging has now commenced to determine the net pay and nature of the hydrocarbons. A further statement will be made on completion of operations.