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The program will cover an area of around 18 square km in the L44/43 exploration license that is located on the prospective Chang Nga Dam structure north of the Wichian Buri oil accumulation.
Pacific Tiger president and CEO, Michael Cvetanovic, is optimistic about both programs. "We are now gearing up for exciting operations focused on defining and exploiting reserves in and around the Wichian Buri oil pool [and] both the horizontal drilling and the 3D seismic programs will accelerate exploitation of our large proven, probable and possible reserve base," said Cvetanovic.
His optimism, he stated, was a result of data acquired last year. "An independent reserve audit confirmed a 40 million barrel (24 million barrels net to PTE) reserve potential in this area," said Cvetanovic.
