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Kazakhstan: Zharkamys West well finds Jurassic oil

Condor Petroleum Inc., Calgary, said its Shoba-6 appraisal well at the Zharkamys West 1 Contract Territory in Kazakhstan’s North Caspian basin found a new oil zone with 3.5 m of net oil pay in the Basal Jurassic as indicated by petrophysical analysis.

Mapping and further analysis is in progress to better define the Jurassic zone’s potential across the field.

Shoba-6, third well in the appraisal program, went to 896 m and encountered 19 m of net oil pay and 10 m of net gas pay in the Triassic, sharing a common oil-water contact with previously drilled wells. Production casing has been set, and the well is scheduled to be produced as part of the trial production project expected to start in the third quarter of 2012.

Sh-6 results confirm the continuity of the Triassic reservoir to the southeast of Sh-1, in addition to defining new reserves potential across the field from the Basal Jurassic zone.

Meanwhile, Shoba-9 went to 843 m in May 2012 and penetrated 3 m of net oil pay in the Triassic. It is cased and will be flow-tested once regulatory approvals are obtained, Condor said.

Sh-9 extends Shoba field to the southeast of the recent Sh-8 well and north of the primary fault in the field, confirming that a common oil-water contact exists between fault compartments. In addition to defining the near zero-edge of the field, the Sh-9 results will be used to upgrade reserves contained in the northern fault block from their current “possible” category.

The three Shoba appraisal wells have averaged less than $800,000/well. One more Shoba appraisal well will be drilled in 2012 and as many as 10 exploration wells targeting multiple play types and depths.

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