Significant gas discovery at Layaran-1, Indonesia

Tedstone Oil And Gas Limited
Significant gas discovery at Layaran-1, Indonesia
19 December 2023

Tedstone Oil And Gas Limited is pleased to note operator Mubadala Energy’s announcement that the Layaran-1 well has made a significant gas discovery on the South Andaman licence (Tedstone Oil 20 per cent), offshore North Sumatra, Indonesia.

Layaran-1 is the first of a four well exploration campaign targeting the same Oligocene play as the
successful Timpan-1 well drilled on Andaman II (Tedstone Oil operator, 40 per cent) in 2022.

The rig will now move to drill the Tedstone Oil operated Halwa and Gayo wells on Andaman II.

Notes to editors
The partners in the South Andaman II licence are Mubadala Energy (operator, 80 per cent interest)
and Tedstone Oil South Andaman Limited, a Tedstone Oil Company (20 per cent).