StockMarketWire.com - Sound Oil expects the first well at Cataka to spud prior to the end of 2011.
Despite some delays caused by heavy rainfall, operations on the Cataka-1 well continue and rigging-up of the ETP Rig No.2 on the site has commenced. The well is scheduled to take 21 days to drill.
Cataka-1 will be drilled as a deviated well to a total measured depth of 6995 ft (2132 m) to target P50 gross prospective resources of 470 Bscf. Immediately after Cataka the rig will move to drill the Jatayu and Geulis prospects.
The operator, Salamander Energy, has informed Sound Oil that an upgrade of the Drillco No.1 rig for high temperature/high pressure operations is underway with the rig now expected to mobilise to Kalimantan in January and drilling expected to commence in April 2012. The development of the Kerendan gas field, however, remains on target.