CIG caspian oil & gas limited

how many total barrels of oil , page-3

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    The announcement indicated 1,000,000 barrels in East Mailisu. So its not chicken feed.

    'After the appraisal of the Mailisu III area with the drilling of a further 3-4 wells, the East Mailisu prospect will be drilled (see Figure 2) . The reservoir is at similar depths as Mailisu III (500-600m) and a mining company drilling in the area has reported the recovery of live oil in cored boreholes on the prospect. The core showed up to 3m oil stained potential reservoir (see Figure 3).

    The borehole was drilled within Caspian’s mapped prospect area and thus confirms the existence of entrapped oil within the prospect. While additional seismic would provide better delineation of the structure, it is currently mapped by Santos to have a high side area of 4 sq km. The presence of such a positive indication from this borehole gives the Company confidence to drill the prospect as soon as possible. Mean reserves of over 1 million barrels could be expected if the core from East Mailisu is representative of the reservoir across the field'
 
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