BLOE11 Jan 2022 07:43
Highlights
· Over 110,000 operational man-hours worked in Q4 2021, with no LTIs
· Drilling of well JKT-01Z reached target depth ("TD") of 2,565m measured depth ("MD")
· Significant mud losses observed relative to the WR-B1 well, indicating initial geological objectives have been achieved
· Q4 production of 34.6 Mboe (Q3: 34.6 Mboe) or an average of 376 boepd
· Q4 revenue of $2,550,000 (Q3: $901,000)
o oil revenue of $2,441,000 (Q3: $742,000)
o gas revenue of $109,000 (Q3: $159,000)