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Chinarevskoye Drilling Update
Chinarevskoye Drilling Update.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n RNS Number : 5062W Zhaikmunai LP 12 June 2008 \n \nChinarevskoye Drilling Update\n\n\nURALSK, June 12, 2008 - Zhaikmunai L.P. (LSE: ZKM), an independent oil and gas enterprise operating in Northwestern Kazakhstan, is pleased to report that Well #51, in the northern part of Chinarevskoye field in Western Kazakhstan, has been successfully flow tested at a rate of 1,134 barrels of oil per day from the Carboniferous Bashkirian Formation. \n\nThe drill stem test (DST) was conducted over a 10 meter open hole section between 3,645 and 3,686 meters and produced water free oil flow for a period of one hour. Zhaikmunai plans to carry out a longer term test at a later stage, once the well has been cased. \n\nThe Carboniferous Bashkirian Formation has never been flow tested before in the Chinarevskoye field and was not included as part of Ryder Scott's 2P reserve estimates in July 2007.\n\nZhaikmunai holds a 100% interest in the Chinarevskoye PSA. \n\n\nFurther enquiries\n \nZhaikmunai [email protected]\nwww.zhaikmunai.com\n\n\nBrunswick\nMichael Harrison +44 20 7404 5959\nCarole Cable\n\n\nForward looking statements\n\nIn the interests of providing Company shareholders and potential investors with information regarding the Company, including the Company's assessment of its and its subsidiaries' future plans and operations, certain statements included in this press release may constitute forward-looking information or forward looking statements (collectively, 'forward-looking statements'). All statements contained herein that are not clearly historical in nature are forward-looking, and the words 'anticipate', 'believe', 'expect', 'estimate' and similar expressions are generally intended to identify forward-looking statements. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. These forward-looking statements made as of the date hereof disclaim any intent or obligation to update publicly any forward-looking stat...