Condor Petroleum Inc. (TSX:CPI) announced that its Kiyaktysai oil discovery in Kazakhstan has been drilled to a depth of 1,870m and an additional 16m net reservoir section was accessed in which oil was discovered at surface but no wireline log data has been acquired.
As quoted in the press release:
Multiple hydrocarbon intervals are planned to be completed and put on individual 90 day production tests starting in Q2 2013, once regulatory approvals are obtained. Drilling the first appraisal well, KN‐E‐202, is also targeted to begin in Q2 2013. The appraisal well will help further define the potential size of the Kiyaktysai discovery.
Get the top stories on resource investing FREE!Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.