Well No. 12 was drilled from a pad located at its Well No. 10, angled 300m to the north-east to a total vertical depth of 1,330m. The well was cored first from 1170m to 1176m, later from 1243m to 1260m, and subsequently logged. Based on log analysis, this well encountered two principal sands of the Albian formation from 1170m to 1176m and 1247m to 1259m respectively, and is estimated to have a total net oil pay of 17.5m.
Well No. 12 offsets Well No. 10, which flowed 3,465 bopd of sweet 20 degrees crude during a commingled test of these two Albian sands.
"We are pleased with the results of Well No. 12, the third well we have drilled for this pool" stated Mr. Al Sehsuvaroglu, the Company's President and CEO. "We will duly complete the two Albian zones in Wells No. 11 and No. 12, and complete the upper formation of Well No. 10. We expect to start production from these wells to an oil battery plan located at the Well No. 10 pad within the 15 to 30 days."
Big Sky Energy Corporation is an American junior oil and gas company looking to develop assets in the worlds most prolific basins in order to become a leading low-cost finder of hydrocarbons. Big Sky is listed under NASDAQ OTC and 70% of its shareholding is composed of major financial institutions. The Company is currently operating in Kazakhstan's renowned pre-Caspian Basin.
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