Kulczyk Oil Participating In Fourth Brunei Exploration Well

Kulczyk Oil Ventures Inc. (WAR:KOV) announced that the Markisa-1 well on Block M in Brunei Darussalam has commenced drilling.

The press release is quoted as saying:

Markisa-1 is being drilled as a deviated well to test a sandstone reservoir that produced oil in the 1920′s and early 1930s in an adjacent fault block. The well will also evaluate several secondary targets within the Miocene Belait Formation and is expected to intersect the main Belait thrust fault. The well is designed to a total depth of approximately 1,335 metres.

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