Canoro Suspends Amguri 10 Drilling

India - AA-ON-7 and Amguri
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Canoro Resources has suspended drilling of the Amguri 10 appraisal well on the Amguri development block in northeast India, pending collection of additional information. The company will now conduct a Vertical Seismic Survey (VSP) in the well bore and analyse other geophysical data. The VSP's principle role is to assist in calibrating the 3D seismic against the results actually obtained. A full interpretation and integration of the VSP results and additional data into the existing 3D seismic is anticipated to take a month.

While the VSP is being acquired, processed and integrated, the drilling rig will be moved to the Sonakhet location on the AA-ON/7 exploration block. This well is planned to test two independent exploration prospects, a large basement high and a Barail sub-crop feature and is anticipated to be drilled to a depth of 1,500 meters. Canoro plans to move back to Amguri 10 pending results from the integration and analysis of the VSP and other information.

Canoro is a Canadian-based international oil and gas company operating in the Assam/Arakan basin of northeast India. Canoro is the operator of Amguri field with a 60% working interest. Canoro is the operator with a 65% working interest in the AA-ON/7 exploration block. Canoro also has a 15% non-operated working interest in the AA-ONN 2003/2 exploration block.


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