Some points East Mailisu Caspian has 100% of shallow rights so if it is 1mil barrels(very speculative) then they own it all. It is Mailisu 3 where they have 70%Their total potential is probably in excess of 100 mill barrels but the 6mill for Mailisu 3 is the only credible (or semi credible )figure I know. There is definitly oil elsewhere and maybe someone more knowledgable can fill us in on the the best estimates. I think the deep drilling by Santos will be the co maker if they find it. Mailisu 3 and East MAilisu are a smallpart of their holdings. Here is a summary of them License # licenses Total Area km2 CIG Interest Current Possible Final* Notes Fergana Basin Northern Licenses Charvak 1 813 67% 20% CIG has 100% of shallow oil rights (<1000m depth) Ashvaz 1 35 67% 20% CIG has 100% of shallow oil rights (<1000m depth) East Mailisu 1 285 67% 20% CIG has 100% of shallow oil rights (<1000m depth) West Mailisu 1 325 67% 20% CIG has 100% of shallow oil rights (<1000m depth) Mailisu III – JV 1 13 70% 70% Excluded from Santos farm-in. 5 1,471 Southern Licenses Sulukta 1 1,470 67% 20% Bakten 1 693 67% 20% Katran 1 753 67% 20% Akbura 1 8,528 67% 20% 4 11,444 Naryn Basin 8 7,197 67% 20% Aksai Basin 1 3,800 67% 20% Total 18 23,912 Source: Caspian Oil & Gas Ltd. * Possible final interest assumes full execution of all farm-in agreements.
CIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
