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Conrad Petroleum's Mako South-1 well, Offshore Indonesia, Flows Gas

Source: www.gulfoilandgas.com 6/28/2017, Location: Asia

JV partner Empyrean Energy has been advised by the operator of the Duyung PSC in the Natuna Basin, offshore Indonesia, Conrad Petroleum, that the Mako South-1 well has flowed on Drill Stem Test ('DST') at a rate of 10.9 Million Cubic Feet of Gas Per Day ('mmcfgpd') on a choke of 128/64. The well is currently shut in for buildup. Cleanup operations commenced early on 26 June 2017 and by midday on 27 June 2017, the well was flowing at a rate of 10.9 mmcfgpd through 128/64 inch choke with a surface flowing pressure of 225 psi. The gas is pure methane completely devoid of any traces of H2S (hydrogen sulphide) or CO2 (carbon dioxide).

Further announcements will be made in due course.

Tom Kelly, Empyrean CEO, commented: 'Empyrean is absolutely delighted with the rate gas has flowed at Mako South-1 well, our first major exploration project since our efforts of re-building the portfolio. It is a great credit to the Conrad team and Empyrean's participation has been made possible through the efforts of our Mr. Frank Brophy. We have a very aggressive and potentially transforma6onal programme over the next 6 months and our first project achieving this level of success has exceeded both ours and Conrad's expectations. We look forward to exciting months ahead as we continue to unlock value for our shareholders'.

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