Empyrean Energy said it was delighted with the rate gas has flowed at Mako South-1 well, its first major exploration project since its efforts of re-building the portfolio.
Empyrean said it had been informed by Conrad Petroleum, operator of the well in the Natuna Basin offshore Indonesia, that it had flowed on drill stem test at a rate of 10.9 million cubic feet of gas per day on a choke of 128/64.
Empyrean said the well was currently shut in for buildup.
It said cleanup operations began early on 26 June and by midday on 27 June , the well was flowing at a rate of 10.9 mmcfgpd through 128/64 inch choke with a surface flowing pressure of 225 psi.
It said the gas was pure methane completely devoid of any traces of H2S (hydrogen Sulphide) or CO2 (carbon dioxide).
Chief executive Tom Kelly said: "Empyrean is absolutely delighted with the rate gas has flowed at Mako South-1 well, our first major exploration project since our efforts of re-building the portfolio.
"It is a great credit to the Conrad team and Empyrean's participation has been made possible through the efforts of our Mr. Frank Brophy.
"We have a very aggressive and potentially transformational programme over the next 6 months and our first project achieving this level of success has exceeded both ours and Conrad's expectations.
"We look forward to exciting months ahead as we continue to unlock value for our shareholders".