09:58 AM EST - Lundin Petroleum AB : announced that it has completed Berangan-1 well in SB303 Block, offshore Sabah, Malaysia, as a gas discovery. Berangan-1 is a vertical well drilled to a depth of 1,709 metres in approximately 70 metres water depth. The well penetrated a gross gas column of over 165 metres in the target mid-Miocene aged sands 10 km to the southeast of the Tarap gas discovery made by Lundin Petroleum in 2011, and 15 km to the south of the Cempulut gas discovery also made in 2011. An extensive data acquisition program was completed, including fluid samples and a pressure profile indicating a single continuous gas column is present and defining the probable gas-water contact. Further work will follow to estimate recoverable resource ranges. Lundin Petroleum AB
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