Proactive Investors - Run By Investors For Investors

Raisama Energy to acquire 2D seismic over Indonesian oil and gas block

Raisama Energy to acquire 2D seismic over Indonesian oil and gas block

Raisama Energy (ASX: RAI) will start shooting 170 kilometres of 2D seismic in March 2013 to mature its inventory of leads and prospects in its South Block A production sharing contract onshore northern Sumatra.

Acquisition is expected to take about four months with results due in August or September this year.

Drilling is expected to begin early next year.

Raisama’s 51% share of expenditure is around $2 million and is covered by the recently placement to the Albers Group.

South Block A is located within an existing petroleum system with abundant oil and gas near existing downstream infrastructure.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full PKO profile View Profile

Peako Ltd Timeline

Related Articles

1532456979_Prairie_Provident_Resources_-_Rig_in_Wheat.png
July 25 2018
The company is focused in the Wheatland and Princess in Southern Alberta, where it is targeting the Lower Mannville formation
oil and gas operations
January 10 2019
The North Sea firm is working to bring the Liberator into development, and, with active operational plans and funding efforts appearing close to a conclusion it is set for a significant 2019.
Oil well
February 13 2019
TLP-103C’s upper reservoirs will be targeted by blending the R2 and the Mengo intervals through a double completion in the well.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use