Big Sky Energy Corporation Announces Drilling Operation Update.CALGARY, Alberta -- Big Sky Energy Corporation, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BSKO) (the "Company") announced today that it anticipates resuming its drilling activities at its Well #10 in the Morskoe Field by February 1, 2005. The Morskoe Field, which is 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. , has experienced unusually severe weather conditions which caused the sea to flood the field where Well #10 is located and caused a suspension of drilling operations. Repairs to the well-site and lease access road have now been completed. Well-site equipment is currently being inspected and readied in anticipation of a drilling start by February 1. Well #10 had been drilled and cased to a depth of 350m when operations were suspended. The anticipated total depth of 1,300m is expected to be reached within two weeks of commencement of drilling. Well #10 offsets the capped Well #6 which was drilled in 1965 and tested 1,300 BOPD BOPD Barrels of Oil Per Day BOPD Bataan Ocean Petroleum Depot of 25* 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. crude on a 9mm choke. Based on the test results from Well #10, two additional infill locations will follow directly. Big Sky Energy Corporation is an international oil and gas exploration company, looking to explore 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 pre-Caspian basin, and has amassed over 15,000sq.km. of licenses in the past year, which it is currently exploiting. 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. 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) |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion