Completion of oil testing and attainment of good commercial capacity of Polyard-3 well
Polyard-3 Well of SC49 Project completed oil testing operation successfully on 25 August 2016. The testing indicates that the main target intervals attain steady oil production of 235.3 barrels per day and gas production of 9,022 cubic meters per day. Polyard-3 Well will later turn into a production well and will commence production in the short term. PPIG team is now undergoing the preparation work for production.
Dated: October 26th, 2016
