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| Big Sky Energy Corp. 750 440 - 2 Avenue S.W. Calgary, ALB T2P 5E9 Canada Phone: 403-234-8885 |
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Big Sky Energy Announces Oil Discovery in Dauletaly Block, Kazakhstan
09-11-06 07:30 AM EST --(MARKET WIRE)--
CALGARY, ALBERTA -- (MARKET WIRE) -- 09/11/06 -- Big Sky Energy Corporation (PINK SHEETS: BSKO) (the "Company") announced today that its subsidiary, KoZhaN LLP, has discovered an oil pool in the Dauletaly Block, which is located in the Embensky region of Atyrau province, 100 km northeast of the Kulsary oil field, 265 km east of the regional centre of Atyrau city.
Based on in-house seismic and petrophysical analysis, the Company drilled well DLT-33 to a depth of 875m to test the Lower Cretaceous and Upper Jurassic sand formations. Wire-line logs runs on the open-hole section revealed four oil bearing sands ranging from (1) 1.5 to 10 meters in thickness, (2) with porosities between 28 to 34% and (3) oil saturation from 70 to 82 percent.
The Company will now place up to 3 separate zones on 'Test Production' for a period of three months to better assess reservoir parameters. Based on the results of this 9-month test production, the Company will prepare a pilot production program for submission to the Government.
"This is a significant oil find," stated Mr. Al Sehsuvaroglu, the Company's President and CEO. "We will start planning to construct lease access and proceed with the construction of a temporary production facility on this site. We are also re-visiting our drilling program for the deep well DLT-30 according to the results of DLT-33 and will most likely set the surface casing for DLT-30 before mobilizing the rig to another one of our blocks".
Big Sky Energy Corporation is a US junior oil and gas company looking to develop assets in the world's most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Kazakhstan's renowned pre-Caspian Basin.
NOTE: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Big Sky Energy Corporation only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Big Sky Energy Corporation, please refer to its Form 10-KSB and Form 10-QSB reports, as filed with the U.S. Securities and Exchange Commission.
Contacts:
Big Sky Energy Corporation
Mr. S. A. (Al) Sehsuvaroglu
President and CEO
7.3272.598.903
7.3272.597.628 (FAX)
Email: sas@bigskycanada.com
