JX Nippon Oil & Gas Exploration Corporation (NOEX)

Latest JX Nippon Oil & Gas Exploration Corporation (NOEX) News

• As previously reported, McMoRan saw positive pressure response from the Wilcox 'D' sand which was perforated on March 24, 2012.
• Currently, the test is ongoing from only the Wilcox 'D' sand, which resulted in the flare shown in the exhibit attached.

• Continue to achieve a stable energy supply for Japan in harmony with the global environment.

• JX Holdings is currently in talks with African nations in addition to Saudi Arabia, the United Arab Emirates and other oil producers to replace crude oil imports from Iran, a company executive has said.

• Iran accounts for 10% of Japan's total crude imports.

• The Russian government issued the carbon credits generated from the JI project to recover and utilize flare gas from the Yety Purovskoe oilfield.
• Second time Russia has issued carbon credits on this project.

• Trapoil has successfully farmed out 80% of its working interest in its Kew asset to Centrica and JX Nippon Exploration and Production (U.K.) Limited.
• As part of the Farm-out agreement, Centrica and JX Nippon will undertake preliminary seismic based work. In order to secure the Farm-out, Centrica and JX Nippon have together made a cash payment of £2.75 million to Trapoil.

• The Batu Hitam-1 well tested the hydrocarbon potential of a large basement high structure located in the east of the PM308A block
• The objectives of the well were Oligocene sandstones in a four-way dip closure and fractured pre-Tertiary basement in the underlying horst block
• The well was plugged and abandoned as a dry hole
• Lundin Malaysia BV operates 6 Blocks in Malaysia, namely PM308A, PM308B, PM307, SB303, SB307 and SB308

JX Nippon Oil & Gas Exploration Corporation (NOEX) Who's Who

JX Nippon Oil & Gas Exploration Corporation (NOEX) Offices