Caspian Energy, an oil and gas exploration company operating in Kazakhstan, Tuesday announces that Aral Petroleum Capital, in which the Company holds a 50% indirect interest, has logged the second well in its post-salt drilling programme, Aransay #711.
On reaching a total depth of 924 metres the well has been determined to be a dry hole and is now being prepared for plugging.
No shows were encountered while drilling and electric logging has confirmed the absence of hydrocarbons.
Nevertheless, the presence of reservoir-quality sands of such thickness in the Triassic supports the interpretation that the Triassic is a viable primary target in the area in the presence of a proper trap and seal.
Aral has decided to release the drilling rig following plugging operations to further evaluate the portfolio of existing prospects identified in the block.