KrisEnergy Begins East Muriah 2D Seismic Acquisition Off Indonesia

KrisEnergy Ltd (“KrisEnergy” or the “Company”), an independent upstream oil and gas company, announces the acquisition of 1,300 km 2D seismic data in the East Muriah production sharing contract (“PSC”) in the East Java Sea, Indonesia.

The Nordic Bahari seismic vessel commenced the acquisition on 6 February 2014.

East Muriah, which contains the East Lengo gas discovery, covers 3,751 sq km offshore East Java over the East Java Basin. Water depths in the East Muriah PSC are between 50 metres and 65 metres. The seismic acquisition program precedes the drilling of an appraisal well planned for the third quarter 2014.

Chris Gibson-Robinson, KrisEnergy’s Director Exploration & Production, commented: “We are acquiring this new seismic program to further delineate the East Lengo discovery and to confirm additional gas prospects in the block. The East Muriah PSC forms part of our East Java core area which includes the adjacent Bulu PSC.”

KrisEnergy holds a 50% operated working interest in the East Muriah PSC and is partnered by AWE Limited, which holds the remaining 50%.

Press Release, February 13, 2014; Image: Nordic Maritime