MEO to Spud Indonesia Well Around 22nd September

MEO Australia expects to spud its Gurame SE-1X well in offshore northern Sumatra, Indonesia around 22 September 2012. The company expects the target reservoirs at this location to be naturally fractured and gas bearing, a combination which will enhance the potential to achieve a commercial flow rate.

The Gurame discovery has been intersected by six previous wells which recovered oil from the two deeper target horizons. A modern transition zone 3D seismic survey was acquired by the previous operator, however no wells have been drilled for the deeper targets with the benefit of this data.

“A commercial gas flow rate will accelerate the development potential of this resource,” CEO and MD Jürgen Hendrich said.