Anzon On Target for Basker Drilling, July Production Startup

Anzon Energy reported that it still has several hundred meters to go to reach the reservoir objectives in the Basker 6 low-angle well, located in the Basker field.

Anzon expects Basker 6 to be up and running for production, with first oil targeted for July 1008.

The Basker Field is located in the Gippsland Basin, offshore Victoria. The Gippsland basin holds estimated proved and probable recoverable volumes of more than five-billion barrels of oil and more than 10 Tcf of sales gas, according to Anzon's web site. Anzon has introduced new oil production methods that have heretofore been unavailable in the Bass Strait.