Message #27 From:
NewsBot Date: December 19, 2005 07:39:00 AM
BSKO News Big Sky Energy Announces it has Commenced Drilling Operations in its Karatal Block, Western Kazakhstan
CALGARY, Alberta--(BUSINESS WIRE)--Dec. 19, 2005--Big Sky Energy Corporation (OTCBB:BSKO) (the "Company") announced today that its subsidiary KoZhaN LLP has commenced drilling Well No. 30 in its Karatal Block, located on the north shore of the Caspian Sea in western Kazakhstan.
This Well will be drilled to an approximate depth of 800m 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 approximately 100 bopd of sweet light crude.
"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. "Based on the success of this location, we will follow up with additional in-fill locations."
Big Sky Energy Corporation is a US junior oil and gas company looking to develop assets 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 renowned pre-Caspian and Jungar Basin's.
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)
