Oil and Gas

Caspian Energy Inc. (TSX:CEK) announced that it has target depth of 4700 meters after 125 days of drilling activity on well 308 in the East Zhagabulak field.

Caspian Energy Inc. (TSX:CEK) announced that it has target depth of 4700 meters after 125 days of drilling activity on well 308 in the East Zhagabulak field.

As quoted in the press release:

In the very near future, APC plans to perform a well log survey in well 308′s borehole. In order to obtain detailed information on the lower part of the KT-II oil-bearing formation, it has been decided to deepen well 308 by an additional 80 meters; the new total depth of the well is 4780 m., which should be reached very shortly.

Click here to read the Caspian Energy Inc. (TSX:CEK) press release.

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