Caspian Holdings announced on Tuesday positive results from the drilling campaign at its Zhengeldy oil fields in Kazakhstan. Analysis of open hole log results from the latest well 119 show a net pay of 21.4 meters across four oil bearing zones.
Well 119 was drilled to a depth of 330 meters in the center of the Zhengeldy field. Analysis of the open hole log results show four oil bearing reservoirs between 210 and 319 meters.