DRILLING ACTIVITY REPORT Activity continues on Caspian’s first well in its eleven well drilling programme in the northern Fergana Basin, Kyrgyz Republic. The well, on the southern edge of Caspian’s Ashvaz block, is designed to appraise the extent of the Mailisu III oilfield. The initial targets are Palaeogene limestone beds V and VII. Details of the well and activity during the week are set out below. Well Name Caspian Interest Type Location (Tenement) Latitude / Longitude Drill Depth Spud Date Current Activity COG Mailisu III # 1 100% Oil exploration Ashvaz Block 41.260774°N 72.457251°E 143m 26/09/2007 Waiting on Cement Weekly Activity After setting surface casing in the COG Mailisu III # 1, drilling recommenced and reached a depth of 143m before the problems of lost circulation re-occurred. Another cement plug has been run to remediate the problem and it is anticipated that drilling will recommence Saturday 13th October
CIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
