Based on in-house seismic and petrophysical analysis, the Company drilled well DLT-33 to a depth of 875m to test the Lower Cretaceous and Upper Jurassic sand formations. Wire-line logs runs on the open-hole section revealed four oil bearing sands ranging from (1) 1.5 to 10 meters in thickness, (2) with porosities between 28 to 34% and (3) oil saturation from 70 to 82 percent.
The Company will now place up to 3 separate zones on 'Test Production' for a period of three months to better assess reservoir parameters. Based on the results of this 9-month test production, the Company will prepare a pilot production program for submission to the Government.
"This is a significant oil find," stated Mr. Al Sehsuvaroglu, the Company's President and CEO. "We will start planning to construct lease access and proceed with the construction of a temporary production facility on this site. We are also re-visiting our drilling program for the deep well DLT-30 according to the results of DLT-33 and will most likely set the surface casing for DLT-30 before mobilizing the rig to another one of our blocks".
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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