The Well will be drilled to an approximate depth of 1,800m to test the Jurassic and Triassic sediments in the Karatal Block. This new structure is located approximately 12 km N-NW of Well No. 6, which was re-entered, worked-over, and recently placed on production from the Jurassic formation (591m to 596m) at a rate of approximately 100 bopd of sweet light crude.
"This is the first test we are undertaking of the deeper Triassic formation which was identified with our intense 2D seismic shoot, conducted earlier in 2005," stated Mr. Al Sehsuvaroglu, the Company's CEO and President. "Based on the success of this location, we will follow up with additional in-fill locations."
Big Sky Energy Corporation is a US junior oil and gas company looking to develop assets in the world's most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Kazakhstan's renowned pre-Caspian Basin.
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