Welcome To The Caspian Oil & Gas Ltd HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
AGORACOM NEWS FLASH

BREAKING: Esports Entertainment Group Releases Upgraded VIE.GG Esports Gambling Platform

  • Announced the release of the latest version of VIE.gg (https://vie.gg)  the Company’s esports wagering platform
  • Latest upgrade delivers notable new features, including additional betting options such as Fixed Odds, Pari-mutuel, Fantasy and Pool Betting to complement main P2P option
  • Grant Johnson, CEO of Esports Entertainment Group, stated "This is another major milestone for our Company. This is our strongest release ever, with every new feature esports gambling enthusiasts could wish for in a platform..."
Message: NR oil shows Mailisu 5

NR oil shows Mailisu 5

posted on Nov 30, 2009 09:25PM

GOOD OIL SHOWS - MAILISU III WELL #6

Following good oil shows encountered over the interval 1434m-1465m (both Beds V & VII) in Mailisu III

#6, casing is being run in the well. The well reached a total depth of 1,501m at 4pm November 21 and

wireline logs were then run. In the offset wells, 5-8m net pay is recognised in Beds V & VII and based on

the shows seen in the well a similar reservoir section is expected.

The well is an appraisal well and is located in the south-eastern corner of the Mailisu III licence just

outside an exclusion area (see Fig 1). Total production from the exclusion area is close to 700k bbls.

The closest well, Mailisu #115, some 400m distant, has produced nearly 300,000 bbls of oil with

minimal water. The mean reserves for Well #6 are 140,000 bbls with the main risk being depletion.

There is however strong evidence that infill drilling in this area is commercial. A recent close offset

well located some 4km to the south of Mailisu III saw good production (300-400bopd).

Caspian has a 70% interest in the Mailisu III licence but will retain 100% of any oil production until

costs have been recovered.

Mailisu #115

Proposed

Mailisu III #6

East

Share
New Message
Please login to post a reply