Canoro Spuds Well in NE India

Canoro Resources Ltd. on Monday began drilling operations at the Sonakhet exploration location on the AA-ON/7 exploration block in northeast India. This well is planned to test two independent exploration prospects, a basement high and a Barail sub-crop feature. The well is to be drilled to an approximate depth of 1,500 meters.

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.