Manas Petroleum reports that drilling of its second commitment (to the Kyrgyz government) exploration well at the Huday Nazar prospect in the Soh license area has reached a total depth of 2213m and is currently being evaluated.
A thick Jurassic coal and sandstone sequence was penetrated in the deeper hole section and initial evaluation of mudlog gas shows with wireline logs is underway. Assessment of shallower hydrocarbon anomalies in the Paleogene section suggests they are not currently commercially feasible, however the geological model has been confirmed. The well data (mudlog gas shows with wireline logs) is being evaluated in conjunction with recently obtained seismic data to best determine a future drilling location to gain commercial feasibility.
Erik Herlyn, Chief Executive Officer of Manas Petroleum comments: "Drilling the Huday Nazar SPC-1 (Soh License) well has showed our commitment to the Kyrgyz government, and provided valuable and encouraging information about the geologic section and the general petroleum prospectivity of the permits. A potentially significant Jurassic oil-gas-condensate play is clearly present in the Soh permit area, in addition to the oil-dominated Palaeogene play. By drilling the North Ayzar-1 (Tuzluk license) well and the Huday Nazar SPC-1 (Soh License) well SPC has fulfilled this year's commitments in its priority exploration areas, according to the License Agreements with the Kyrgyz government. South Petroleum Company is now focusing on the 2010 well program, which will include the drilling of deeper prospects delineated by the recent seismic acquisition."