Canoro Spuds Amguri 11

Canoro Resources began drilling operations at the Amguri 11 appraisal location on the Amguri development block in northeast India. Based on the successful results from Amguri 10B, Amguri 11 is planned to target a location in the producing Barail formation approximately 600 meters southwest of the producing well Amguri 6. With positive Amguri 11 Barail results, Canoro would evaluate the possibility of continuing drilling to basement and test additional potential reservoirs below the Barail.

Due to the close proximity of existing well site facilities located at Amguri 6, any new production from Amguri 11 could be placed on stream within a reasonably short period of time.