SPT Energy Group Inc. (1251) Announces Successful Testing of Akeh-X Well in Indonesia

Bulletin Express
Yesterday

SPT Energy Group Inc. (1251) and its subsidiary PT CIPTA NIAGA GEMILANG (CNG), in collaboration with PIONEER OIL INDONESIA (POI), reported positive testing results for the Akeh-X well in the Jabung Tengah Block. The standard testing showed approachable natural gas flows and condensate oil output under various choke conditions, reaching a natural gas flow rate of up to 12.305 million standard cubic feet per day and a condensate oil output of 267 barrels per day under a 48/64-inch choke condition. Tests also confirmed a high-yield pure gas layer at a depth of 5,230 feet, indicating favorable reservoir characteristics. The outcome enhances geological understanding of the Jabung Tengah Block and is expected to support future exploration and development. Shareholders and potential investors are advised to exercise caution when dealing in the shares of SPT Energy Group Inc.

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