oil exploration and production

  1. 739 Posts.
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    Could someone familiar with the oil production industry give a brief comment on the merits of this companies oil assets.

    They have apparantly a 50% stake in a shallow (50 metres thereabouts) oilfield in the Kyrgyz Republic. 11million barrels proven so far with more than x 10 upside with exploration. 4 wells so far (low cost low output) producing light oil to a refienry 15kms from field. Majority of wells drilled to date are oil producers.
 
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