With existing well site facilities located at Amguri 6, approximately 200 meters from the surface location of Amguri 10B, new production from Amguri 10B is expected to be on stream during the fourth quarter, generating increased cash flow and production to Canoro. The existing purchaser of the natural gas has recently indicated that they will be able to handle the additional supply from Amguri 10B. Drilling of the next well, Amguri 11, is expected to commence during the second week of August.
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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