Coast Energy Gulf moves forward with Thailand seismic program

Coastal Energy Co. has government approval of its Environmental Impact Assessment (EIA) for a 2D seismic acquisition over the Ko Kra and Nakhon basins in blocks G5/43 and G5/50 in the Gulf of Thailand.

Offshore staff

BANGKOK -- Coastal Energy Co. has government approval of its Environmental Impact Assessment (EIA) for a 2D seismic acquisition over the Ko Kra and Nakhon basins in blocks G5/43 and G5/50 in the Gulf of Thailand.

The company expects to begin the 4,000-km (2,485-mi) program in mid-September. Processing and interpretation is scheduled for completion in the 1Q 2010. As part of the block G5/50 concession agreement, Coastal Energy must drill one well in the area in 2010.

“The Ko Kra and Nakhon basins offer exciting long-term exploration potential,” says Randy Bartley, president and CEO of Coastal Energy. “The 2D seismic acquisition will help us better evaluate the more prospective areas of the basin and identify the best approach to our exploration program.”

08/26/2009

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