Kulczyk Oil Ventures Inc.: Brunei Block M Markisa-1 Intermediate Results

Kulczyk Oil Ventures Inc. (WAR:KOV) provided the following information on the Markisa-1 exploration well in Block M, onshore Brunei Darussalam.

The press release is quoted as saying:

The well has been drilled and logged to an intermediate depth of 987 metres which included two of the shallower well objectives. Preliminary interpretation of wireline, pressure and sampling data suggests that some good quality reservoir has been intersected. Although hydrocarbons were encountered in these zones the hydrocarbon saturation was low and both target objectives appear water wet. Markisa-1 will be cased to the current depth of 987 metres. Drilling is expected to re-commence in approximately 4-5 days to test the deeper objectives and reach a programmed well depth of 1,335 metres.

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