All smiles in Thailand: for Canadian outfit Pan Orient and Australia's Carnarvon Petroleum
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Pan Orient unveils new Thai find
Canadian independent Pan Orient and Australian outfit Carnarvon Petroleum have made a new oil discovery in licence L44/43 within the Petchabun basin onshore Thailand.
The NSE-I1 well confirmed the discovery of commercial hydrocarbons in a previously untested volcanic reservoir about 20 metres in thickness at 637 metres true vertical depth.
Carnarvon said the well is currently pumping 34 degree oil at a stabilised rate of 75 barrels of oil per day with about 200 barrels per day of water.
Pan Orient operates the licence with a 60% interest on behalf of Carnarvon Petroleum.