SPT Energy Reports Successful High-Yield Gas Test at Indonesia’s Jabung Tengah Block

SPT Energy Group ( (HK:1251) ) has issued an announcement.

SPT Energy Group announced that its subsidiary PT Cipta Niaga Gemilang has successfully completed oil and gas testing at the Akeh-X well in the Jabung Tengah Block in Indonesia, achieving high natural gas flow rates and stable condensate output under multiple choke settings. The test results indicate a high-yield pure gas layer with good reservoir conditions and active, stable production, confirming the block’s potential to host a large-scale oil and gas reservoir; the company says this outcome strengthens its geological understanding, improves operational control, unlocks existing resource potential and recoverable reserves, and lays a solid foundation for further exploration and expansion of its oil and gas business in Indonesia.

The most recent analyst rating on (HK:1251) stock is a Hold with a HK$0.24 price target. To see the full list of analyst forecasts on SPT Energy Group stock, see the HK:1251 Stock Forecast page.

More about SPT Energy Group

SPT Energy Group Inc. is an oilfield services and energy company engaged in oil and gas exploration, development and production, with growing overseas operations including projects in Indonesia’s Jabung Tengah Block.

YTD Price Performance: 25.56%

Average Trading Volume: 2,046,421

Technical Sentiment Signal: Buy

Current Market Cap: HK$463.1M

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