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Kestrel Energy Announces Drilling Commencement of Tumuli Prospect in Permit PPL 213, Papua New Guinea Fold Belt.
PR Newswire
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April 9, 1999
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COPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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DENVER, April 9 /PRNewswire/ -- Kestrel Energy, Inc. (Nasdaq: KEST), an oil and gas exploration and production company, today announced that Barracuda Limited, a wholly owned subsidiary of Santos Limited and the Operator of PPL 213 in the Papua New Guinea Fold Belt, has commenced drilling of the Tumuli Prospect. Kestrel holds a 2.04% interest in the prospect.
The Tumuli-1 well is located in the eastern portion of PPL 213, (formerly PPL 106). The well is planned as a 2,150 meter test of the seismically defined surface anticline, the Tumuli Anticline, that lies on ...
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