Kazakhstan: Condor confirms Triassic oil, gas find

By OGJ editors
HOUSTON, Apr. 18
– Condor Petroleum Inc, Calgary, said its Shoba-2 appraisal well confirmed the company’s March 2011 Shoba-1 oil and gas discovery in Kazakhstan’s Precaspian basin.

Shoba-2 went to a total depth of 900 m and cut a 58-m continuous hydrocarbon column in the same Triassic sands as Shoba-1. Net pay at Shoba-2 totals 15 m of oil and 24 m of gas in sandstone reservoirs.

The wells are on the 2,610 sq km Zharkamys West 1 contract territory, where another appraisal well is to be drilled in the second half of 2011.

The hydrocarbon pay evaluation for both wells was determined using wire line petrophysical and pressure data, cuttings descriptions, and gas readings from mud logs. Oil is 35-41° gravity. Flow tests are to start in May.

Condor Petroleum plans to continue to process the 3D seismic on which the two wells were located to mature potentially deeper targets previously identified with 2D seismic data. Condor owns 100% interest in the territory through its Falcon Oil & Gas Ltd. LLP subsidiary.



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