Mirach

Mirach: Less than 10 days after announcing the potential "game-changer" at KM-607 well, Mirach Energy has spudded another infill-well, KM-611, at its Kampung Minyak oil field. A drilling depth of 455 metres will be carried out during the second week of Sep for testing and perforations work scheduled at the third week of the month. PT Henan, a unit of China's state-owned enterprise Sinopec, will carry out mud logging services for the well. The counter should continue on its strong gains after a close at the day's high of $0.51 yesterday.