KrisEnergy

KrisEnergy: Began drilling the Ca Ngu-1 exploration well in Block 120 offshore central Vietnam, with an estimated planned reach of 1,500m total vertical depth subsea for testing. The Block, which KrisEnergy holds a 25% working interest in, was originally acquired in 2010 following 2D and 3D seismic acquisition and interpretation, and is one of the several prospects in the contract area. Management provides that the last single well to have been drilled in the current boundaries of Block 120 was in the early 1990s and encountered oil.