Wednesday, June 22, 2011
Harvest Natural Resources Inc.
Harvest Natural announced that drilling operations have resumed in its Budong-Budong Block. The KD-1 well spud on June 20, 2011, is the second of two planned exploration wells located in the Budong-Budong Block, onshore West Sulawesi, Indonesia.
The KD-1 well will be drilled to test a thrusted surface anticline with stacked Miocene and Eocene targets to a planned total measured depth of approximately 10,800 feet. Drilling is anticipated to require approximately 43 days. In the event of success, additional time may be required to test and evaluate the well.
Harvest owns a 64.4 percent non-operated working interest in the Budong-Budong Block PSC.
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