Big Sky Finds Oil in Morskoe Field in Kazakhstan

Big Sky Energy has perforated and flowed on test two oil zones encountered at its Well No. 10 in the Morskoe Field, Western Kazakhstan.

The lower Albian formation was perforated from 1,248 to 1,263 m KB and flowed 3,165 bopd at a flowing wellhead pressure of 175 psig. The upper Aptian formation was perforated from 1,170.5 to 1,176.5 m KB, co-mingled with the lower Albian formation, and flowed at a rate of 3,465 bopd of 20 degrees API sweet crude at a flowing wellhead pressure of 250 psig and a gas oil ratio of 197 scf/bbl following a nine hour test period.

Due to the well's test equipment configuration, a lower wellhead flowing pressure was not attainable, and as a result higher flow rates were not attempted.

"Based on these exceptional flow rates, we have commenced the tie-in of this well, which we anticipate will be on production within the next 60 to 90 days, subject to obtaining the relevant permits from the Kazakh government," stated Mr. Al Sehsuvaroglu, the Company's President and CEO. "In addition, we have mobilized Sun Drilling, our drilling contractor, and commissioned an off-set well designated as Well No. 11. This well will rig up starting June 15 and is anticipated to spud within 30 days. Based on the success of this well, we will immediately drill Well No. 12 for this pool."

Mr. Sehsuvaroglu added "We see several similar exploration targets in the Morskoe field, and as a result, intend to drill an additional nine exploration wells after the completion of a 3D seismic program planned for the fourth quarter of this year."