Aurado confirms gas discovery on Kazakhstan's Liman Block

Jan 27, 2003 01:00 AM

Aurado Exploration reported that it has confirmed a significant gas discovery with its East Tegan-1 exploratory well on the onshore Liman Block in western Kazakhstan. The company has only recently acquired exploration rights on the block and is finalizing its 90 % interest and operatorship.
The East Tegan-1 discovery well was the first of two planned probes on the block. It was drilled to a planned total depth of 1,968 ft (600 meters) and has been tested at a depth of just 413 ft to show gas flow at a rate of 1.8 mm cfpd.

Additional gas shows identified at approximately 656 ft have not yet been tested. Aurado said that it is continuing to drill ahead to the planned depth to test the targeted Albian sands, which are believed to be oil-bearing. Estimates of oil reserves to be found in the target structure are 32.6 mm barrel, and estimates for the entire block, some 708 mm barrel of oil.
Covering 6,459 sq km, the Liman Block is located on the northern coast of the Caspian Sea in the vicinity of the city of Atyrau. Prior to the finalization of Aurado's equity, this tract was held by Aral Petroleum with a 100 % interest.

Source: OGI
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