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Mongolia: Manas spuds exploratory well on Block XIII

Manas Petroleum Inc., Baar, Switzerland, said its Gobi Energy Partners LLC subsidiary has spudded the Ger Chuluu-A1 exploratory well on Block XIII in Mongolia.

Gobi Energy plans to drill to 1,200 m into the Jurassic. Its targets are Lower Zuunbayan and Tsagaantsav formations of Lower Cretaceous age.

The well is expected to reach target depth and be logged in mid-September at a cost of $1.8 million.

In case of a discovery, Gobi Energy will move in a workover rig and move the drilling rig to the site of its second exploratory well 170 km northeast of Ger Chuluu-A1.

Meanwhile, the 335 line-km 2012 seismic survey will be finished by August 25. The program consisted of detailed prospect seismic and regional seismic. The detailed prospect seismic forms the base for 2012 and 2013 drilling locations.

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