Amguri 6 is located approximately 1.5 km south of the successful well test at Amguri 5. Combined, these two wells have tested over 1,500 boe/d.
The results of the Amguri field workover operations are positive and encouraging. Canoro has engaged Sproule International Limited to perform a reserve assessment of the Amguri field and it is anticipated that initial oil sales will commence shortly from early production facilities at each of the well sites. As well, the 3-D seismic program of the entire Amguri field is planned to commence in the near future.
Canoro is a Canadian-based international oil and gas company operating in the prolific Assam/Arakan basin of northeast India. The Company is re-entering and testing a number of wells with the objective of restoring production from the suspended Amguri oil and gas field. Canoro is the operator of Amguri and has a 60% working interest. Canoro is the operator with a 65% working interest in the 1,445 km2 AA-ON/7 exploration block, and has a 30% non-operated working interest in the 295 km2 AA-ONN-2003/02 exploration block. Common shares of Canoro trade on the TSX Venture Exchange under the symbol 'CNS'.
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