Further Testing Preparations Update at Lempuyang-1 Well, Block L, Brunei
AED Oil Limited (ASX Code: AED) is pleased to provide a further update on the testing program for Lempuyang-1 and Lukut-1 exploration wells, drilling of which was completed in late 2010.
Testing operations will commence today, 18 January 2011. All equipment, contractors and approvals have now been obtained and will be progressively mobilised as required. The testing of the Lukut-1 well is scheduled to commence immediately following completion of the testing of Lempuyang-1 and will utilise the same testing equipment, rig and contractors. All approvals for this test have also been obtained.
In respect of the Lempuyang-1 testing, AED expects that, barring unforeseen circumstances, it will be in the position to make announcements to the market on progress in accordance with the following indicative timetable:
Indicative* Date - Expected announcement details
28 January 2011 - Maximum gas flow rate achieved, condensate rate, choke size and flowing well-head pressure
7 February 2011 - Cumulative gas and condensate produced and / or average flow rate over test period, information as to the nature of the Multi Layer testing carried out
*Please note that these dates are indicative only. The above timetable reflects AED's current estimate of the likely testing timetable but is subject to change, including in the event that the testing programme is supplemented or extended (which may be necessary for volumetric testing, for example). AED will update the market in the event the above estimate changes in a material way.
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