The Singapore-based independent hit gas in the Tuban and Kujung 1 formations at the Mustika-1 well on the Sakti production sharing contract.
The well was drilled to 844 metres using the KS Drilling-owned jack-up Java Star.
"Initial indications from wireline logs are that the gases have a high carbon dioxide content and therefore are likely to be below the economic threshold for a commercial discovery," KrisEnergy said.
"The
