Big Sky Energy Corporation
OTC Bulletin Board : BSKO

Big Sky Energy Corporation

November 15, 2005 12:03 ET

Big Sky Energy Announces the Drilling Results of Its Well No. 12 Morskoe Field, Kazakhstan

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2005) - Big Sky Energy Corporation (OTC.BB BSKO) (the "Company") announced today that it has finished drilling, coring, and logging its Well No. 12 in the Morskoe field located on the north-east shore of the Caspian Sea, Kazakhstan.

Well No. 12 was drilled from a pad located at its Well No. 10, angled 300m to the north-east to a total vertical depth of 1,330m. The well was cored first from 1170m to 1176m, later from 1243m to 1260m, and subsequently logged. Based on log analysis, this well encountered two principal sands of the Albian formation from 1170m to 1176m and 1247m to 1259m respectively, and is estimated to have a total net oil pay of 17.5m.

Well No. 12 offsets Well No. 10, which flowed 3,465 bopd of sweet 20 degrees crude during a commingled test of these two Albian sands.

"We are pleased with the results of Well No. 12, the third well we have drilled for this pool" stated Mr. Al Sehsuvaroglu, the Company's President and CEO. "We will duly complete the two Albian zones in Wells No. 11 and No. 12, and complete the upper formation of Well No. 10. We expect to start production from these wells to an oil battery plan located at the Well No. 10 pad within the 15 to 30 days."

Big Sky Energy Corporation is an American junior oil and gas company looking to develop assets in the worlds most prolific basins in order to become a leading low-cost finder of hydrocarbons. Big Sky is listed under NASDAQ OTC and 70% of its shareholding is composed of major financial institutions. The Company is currently operating in Kazakhstan's renowned pre-Caspian Basin.

NOTE: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Big Sky Energy Corporation only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Big Sky Energy Corporation, please refer to its Form 10-KSB and Form 10-QSB reports, as filed with the U.S. Securities and Exchange Commission.

Neither the Units, Special Warrants, the Subscription Receipts nor the Common Shares sold in the Private Placement have been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to U.S. persons (other than distributors) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements or the U.S. Securities Act is available. Hedging transactions involving these securities may not be conducted unless in compliance with the U.S. Securities Act.

Contact Information

  • Big Sky Energy Corporation
    Mr. Matthew Heysel
    (403) 234-8282
    (403) 265-8808 (FAX)
    Big Sky Energy Corporation
    Mr. S. A. (Al) Sehsuvaroglu
    President and CEO
    7 3272 598 903
    7 3272 597 628 (FAX)