Mailisu III Project
Separate from our previous joint venture with Santos, we have acquired a 70 per cent interest in the Mailisu III oilfield under a joint venture with the Kyrgyz Government's oil company, KNG.
We have completed five exploration wells on Mailisu III and encountered oil in each well from shallow Palaeogene limestone beds, with modest flow rates to date. Further assessment work is required before the possibility of using production enhancement techniques is assessed. One of our wells confirmed the presence of gas in a partially depleted gas field below the shallower oil horizons.