DRILLING ACTIVITY ANNOUNCEMENT COG Mailisu III # 1 well reached target depth of 730 metres on October 22 and following the running of wireline logs the well has been cased and suspended for future production testing. The rig is currently being rigged down and moving to the next location, COG Mailisu III # 2, located some 400m SSE. It is expected that the # 2 well will spud in mid November following the winterisation of the rig. Background 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 730m 26/09/2007 Rigging Down to move to next location The well, on the southern edge of Caspian’s Ashvaz block, was designed to test for the northern limit of the Mailisu III oilfield. It was Caspian’s first well in its planned eleven well drilling programme in the northern Fergana Basin, Kyrgyz Republic. Yours faithfully
CIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
