Message #22 From:
NewsBot Date: November 15, 2005 06:01:00 AM
BSKO News Big Sky Energy Corporation Announces that it has Mobilized a Drilling Rig for its Karatal Block, Kazakhstan
CALGARY, Alberta--(BUSINESS WIRE)--Nov. 15, 2005--Big Sky Energy Corporation (OTCBB:BSKO) (the "Company") announced today that its contractor, Munai Service Ltd. has mobilized a drilling rig for its Karatal Block, located on the north shore of the Caspian Sea in western Kazakhstan.
The Company intends to drill a Well (Well No. 30) approximately 800m deep to test the Cretaceous (Aptian) and Jurassic sediments in the Karatal block. This Well will be located approximately 300m to the south-west of its Well No. 6, which was re-entered, worked-over, and recently placed on production from the Jurassic formation (591m to 596m) at a rate of 100 bopd. The Company is constructing its new well's site, and intends to spud this well within the next 15 days.
"This is the first of many locations which we have identified with our re-completion efforts and an intensive 2D seismic shoot we conducted earlier this year," stated Mr. Al Sehsuvaroglu, the Company's President and CEO.
Big Sky Energy Corporation is an American junior oil and gas company looking to develop assets in the worlds most prolific basins in order to become a leading low-cost finder of hydrocarbons. Big Sky is listed under NASDAQOTC and 70% of its shareholding is composed of major financial institutions. 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 Form 10-KSB and Form 10-QSB reports, as filed with the U.S. Securities and Exchange Commission.
Big Sky Energy Corporation (OTC Bulletin Board:BSKO)
