Big Sky Energy Announces the Commencement of Drilling of Its Well No. 11 in the Morskoe Field, Kazakhstan.CALGARY, Alberta -- Big Sky Energy Corporation, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BSKO) announced today that its subsidiary KoZhaN LLP LLP - Lower Layer Protocol has commenced the drilling of Well No. 11 in its Morskoe Field, located on the north-east shore of the Caspian Sea Caspian Sea (kăs`pēən), Lat. Mare Caspium or Mare Hyrcanium, salt lake, c.144,000 sq mi (373,000 sq km), between Europe and Asia; the largest lake in the world. , Kazakhstan. Well No. 11 is anticipated to be drilled to a total vertical depth of 1,350m and is expected to take approximately 30 days to reach total depth. This well will be drilled from a pad which the company constructed to drill its Well No. 10 and will be deviated approximately 300m to the north-west to target the Albian formation. Well No. 10 encountered two oil zones in the Albian formation and flowed co-mingled on test at a rate of 3,465 bopd of 20 degrees API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. sweet crude at a flowing wellhead well·head n. 1. The source of a well or stream. 2. A principal source; a fountainhead. 3. The structure built over a well. wellhead Noun 1. pressure of 250psig. "Following the drilling and testing of Well No. 11, we will use the same rig to drill Well No. 12," stated Mr. Al Sehsuvaroglu, the Company's President and Chief Executive Officer. "It is anticipated that Wells No. 10, 11, and 12 will be placed on production at the end of the year to an oil facility we are currently constructing, subject to the receipt of relevant permits from the Kazakh government." Big Sky Energy Corporation is an international oil and gas company looking to develop assets in the world's most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Kazakhstan's renowned pre-Caspian basin. Note: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Big Sky Energy Corporation only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Big Sky Energy Corporation, please refer to its 10-KSB and 10 QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound reports filed with the U.S. Securities and Exchange Commission. This does not constitute an offer to sell, and is not soliciting an offer to buy any securities of Big Sky Energy Corporation in any jurisdiction where such offer is not permitted. No securities of Big Sky Energy Corporation may be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or to U.S. persons unless the securities of Big Sky Energy Corporation are registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities of Big Sky Energy Corporation may not be conducted unless in compliance with the U.S. Securities Act. Big Sky Energy Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :BSKO) |
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