Dragon Oil advises that Nido Petroleum Philippines Limited, Dragon Oil's partner in Service Contract 63 (SC 63) NW Palawan Basin, offshore the Philippines (Dragon Oil 40% interest), has issued the following operational update.
BARAGATAN-1A UPDATE
Nido Petroleum Limited on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) Limited wishes to advise that the Baragatan-1A well on the 6 July 2014 had reached a depth of 2,681 meters Measured Depth (2,328 meters TVD sub-sea) having drilled through the primary Pagasa Formation reservoir objective.
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Nido Petroleum Limited
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