Kestrel Energy Announces Mobilization of Drilling Rig To Tumuli-1 Well Location, PPL 213, Papua New Guinea Fold Belt.

PR Newswire | March 15, 1999 | Copyright

DENVER, March 15 /PRNewswire/ -- Kestrel Energy, Inc. (Nasdaq: KEST), an oil and gas exploration and production company, today announced it has been advised by the Operator, Barracuda Limited, a wholly owned subsidiary of Santos Limited, that Parker Rig 160 has been released from the Stanley-1 location in PPL 157 and is currently being moved to the Tumuli-1 location in PPL 213 (formerly PPL 106), approximately 100 kilometers to the northeast in the highlands.

The Operator estimates it will take 30 days to complete the movement of the drilling rig and all associated ...

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