Kairiki Energy Limited
SC 54A measures 862 km2 and contains the Tindalo, Yakal, Nido 1X1 and Signal Head oil discoveries as well as a substantial portfolio of similar low-risk reefal prospects. In December 2009, Kairiki announced that the SC 54A Joint Venture had approved the development of the Tindalo field. The Tindalo development utilises a jack-up rig and a dynamically positioned storage vessel. Following a short project execution period, the Tindalo development tested oil at 18,689 bbls/d at the end of May 2010. Since that time, unexpected early water ingress to the well has resulted in the SC 54A Joint Venture preparing for a well re-entry and remediation programme to reduce or eliminate the water production. Based on a successful development at Tindalo a number of follow-up developments may be considered in SC 54A.
SC 54B measures 3184 km2 and contains the Gindara prospect which has a mean unrisked oil in place volume estimated by the Operator, of 634 million barrels. The Gindara prospect is a very large simple four-way closure at the Top Nido Limestone reservoir objective with an areal extent of 28 km2, a vertical closure of over 300m and is well located to receive hydrocarbon charge from the Palawan Trough. Kairiki is seeking to farm down its interest in SC 54B to accelerate drilling of the Gindara prospect.
News
Kairiki Energy Limited (ASX:KIK) Seeks Partner In SC 54 To Target 87 Million Barrels Of Oil In Place
Kairiki Energy Limited (ASX:KIK)("Kairiki") is pleased to announce the results of our preliminary evaluation of the Service Contract 54 ("SC 54") shallow water inventory in the Philippines following the recent Yakal and Tindalo discoveries.
Kairiki Energy Limited (ASX:KIK) has elected not to extend the closing date for the acquisition of the Chorbane Permit in Tunisia past 31 October 2008 and as a result will not complete the proposed transaction.
The Directors of Kairiki Energy Limited (ASX:KIK) wish to report the following activities during the quarter ended 30 September 2008. Two oil discovery wells drilled in SC 54 - Philippines, Yakal and Tindalo. The Acquisition of Tunisian Kerkouane Permit was completed and acquisition of Italian Pantelleria Permit completed.
Kairiki Energy Limited (ASX:KIK) and its joint venture partner Nido Petroleum Limited (Nido) are pleased to announce that the jack-up drilling rig 'WilBoss' was released from service to the joint venture at 07:00 hours (local time) on 30 October 2008.
Kairiki Energy Limited (ASX:KIK) is pleased to announce that the acquisition of the offshore Exploration Permit G.R15.PU (Pantelleria) within Italian waters was completed today. This block is contiguous to the offshore Tunisian Kerkouane Permit where the acquisition closed on 31 July 2008.
Kairiki Energy Limited (ASX:KIK) is pleased to announce that Tindalo-1, the second well in the 2008 shallow water exploration program, is another oil discovery, making it two for two. Service Contract 54 ("SC 54") is located in the NW Palawan Basin, offshore the Philippines.
Nido Petroleum Limited and its Joint Venture partner Kairiki Energy Limited (ASX:KIK) are pleased to provide this progress report on the Tindalo-1 well in Service Contract 54 (SC54), located in the NW Palawan Basin, offshore the Philippines.
Kairiki Energy Limited (ASX:KIK) is pleased to provide this progress report on the Tindalo-1 exploration well currently drilling in Service Contract 54 (SC54), located in the NW Palawan Basin, offshore the Philippines.
Kairiki Energy Limited (ASX:KIK) is pleased to provide this progress report on the Tindalo-1 exploration well currently drilling in Service Contract 54 (SC54), located in the NW Palawan Basin, offshore the Philippines.
Kairiki Energy Limited (ASX:KIK) is pleased to announce the appointment of Ms Jyn Sim Baker of IMC Resources Group ("IMC") to the Board of Kairiki. The appointment further strengthens the relationship between IMC and Kairiki beyond IMC's involvement as a significant shareholder.
90,618 COMPANY PROFILE VIEWS
- This Page Viewed: (Last 7 Days: 59) (Last 30 Days: 226) (Since Published: 25521)