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Kyrgyzstan Review, 10 years ago

Eight additional licenses in Kyrgyz Republic secured

Caspian Oil & Gas Limited subsidiary JSC Textonic has been awarded eight exploration licences covering approximately 7,200sq km in the Naryn Basin in the Kyrgyz Republic, says the companys press release. Caspian and Santos International Operations Pty Ltd have agreed that these licences will be included under the existing staged farmin arrangement whereby Santos can earn up to an 80% interest in these licences by carrying expenditure of up to US$24 million by June 2009. As a result, Caspian will continue to be carried through a significant work programme but in a larger number of licences. /Kabar/

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