AZA anzon australia limited

games and the 500 bids etc

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    The Basker 6 ST1 well last night conducted its third and final
    production test over zone 2 and 7 with "outstanding results". The well
    flowed at a stable rate of 4800 bpd at a gas-oil ratio (GOR) of 1060
    scf/bbl, and zero water.
    This concludes testing over three zones at an aggregate oil rate
    of in excess of nearly 13,000 bpd and average gas rates far more
    favorable than expected. The well's production rates are far higher than
    the Joint Venture expected and have supported the existence of the
    significant south eastern extension to the Basker field with field-wide
    reservoir sands Moreover the lower GORs will enable the total oil rate
    to be substantially higher from the gas-constrained Crystal Ocean FPSO
    facility, once the well is connected via its 5500m flow-line in July.
    The Ocean Patriot drilling rig is now conducting well suspension
    activities.
    The participants in the Basker-Manta Joint Venture are:
    Anzon Australia Limited 40% (Operator)
    Beach Petroleum Limited 30%
    CIECO Exploration and Production (Australia) Pty Ltd 20%
    Sojitz Energy Australia Pty Ltd 10%.
 
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Currently unlisted public company.

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