Big Sky Energy Logs Oil Pay at Morskoe Field in Kazakhstan
Big Sky Energy says that it has finished drilling, coring, and logging its Well No. 12 in the Morskoe field located on the northeast shore of the Caspian Sea, Kazakhstan.
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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