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Last $46.85 USD
Change Today -0.05 / -0.11%
Volume 1.8M
As of 2:46 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 Peach Street

El Dorado, AR 71731

United States

Phone: 870-862-6411

Fax:

aring contracts (PSCs). The company serves as the operator of all these areas other than the unitized Kakap-Gumusut field. The production sharing contracts cover approximately 2.62 million gross acres. The company has a 59.5% interest in oil and natural gas discoveries made in two shallow-water blocks, SK 309 and SK 311, offshore Sarawak. The company brought on production from five new fields – Serendah, Patricia, South Acis, Permas and Merapuh. The company has a gas sales contract for the Sarawak area with PETRONAS, the Malaysian state-owned oil company, and has an ongoing multi-phase development plan for natural gas discoveries on these blocks. Total proved reserves of liquids and natural gas, as of December 31, 2014, for Blocks SK 309/311 included 17.6 million barrels and 241 billion cubic feet, respectively. The company also has an interest in deepwater Block H offshore Sabah. As of December 31, 2014, total natural gas proved reserves for Block H were 340 billion cubic feet. The company has a 42% interest in a gas holding area covering approximately 2,000 gross acres in Block P. The company’s working interest in Block SK 314A is 59.5%. This block includes 1.12 million gross acres. The company has a 70% carry of a 15% partner in this concession through the minimum work program. In February 2015, the company acquired a 50% interest in the offshore Block SK 2C. The company operates the block, which includes 1.08 million gross acres. The company has a 75% interest in gas holding agreements for Kenarong and Pertang discoveries made in Block PM 311 located offshore peninsular Malaysia. Australia In Australia, the company holds eight offshore exploration permits and serves as operator of six of them. In 2009, the company acquired a 70% interest and operatorship in Block NT/P80 in the Bonaparte Basin. In 2012, the company was awarded permit WA-476-P in the Carnarvon Basin, offshore Western Australia. The company holds 100% working interest in the permit which covers 177 thousand gross acres. The company also acquired permit WA-481-P in the Perth Basin, offshore Western Australia, in 2012. The company holds a 40% working interest and operatorship of the permit, which covers approximately 4.30 million gross acres. In 2012, the company acquired a 20% non-operated working interest in permit WA-408-P in the Browse Basin. The permit comprises approximately 417 thousand gross acres. Two wells were drilled on the license in 2013. The company was awarded permit EPP43 in the Ceduna Basin, offshore South Australia, in 2013. The company operates the concession and holds a 50% working interest in the permit covering approximately 4.08 million gross acres. In 2014, the company was awarded licenses AC/P57 and AC/P58 in the Vulcan Sub Basin, offshore Western Australia. The respective blocks cover approximately 82 thousand and 692 thousand gross acres. These exploration permits cover six years each and require 3D seismic reprocessing and a gravity survey. Indonesia The company has interests in two exploration licenses in Indonesia and serves as operator of these concessions. In 2010, the company entered into a production sharing contract in the Wokam II block, offshore West Papua, Moluccas and Papua. The company has a 100% interest in the block which covers 1.22 million gross acres. In 2011, the company acquired a 100% interest in a production sharing contract in the Semai IV block, offshore West Papua. The concession includes 873 thousand gross acres, and the agreement called for work commitments of seismic acquisition and processing, which were undertaken in 2014. Brunei In 2010, the company entered into two production sharing agreements for properties offshore Brunei. The company has a 5% working interest in Block CA-1 and a 30% working interest in Block CA-2. The CA-1 and CA-2 blocks cover 1.44 million and 1.49 million gross acres, respectively. Three successful wells were drilled in Block CA-1 in 2012 and three wells were successfully drilled in Block CA-2 in 2013. Vietnam In 2012, the company signed a production sharing contract with Vietnam National Oil and Gas Group and PetroVietnam E

 

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