Indago finds target offshore Oman

Nov. 22, 2006
Indago Petroleum Ltd. has completed an initial flow test that identified significant oil and gas deposits offshore Oman.

Offshore staff

MUSCAT, Oman -- Indago Petroleum Ltd. has completed an initial flow test that identified significant oil and gas deposits offshore Oman. Test well West Bukha-2 on block 8 resulted in flow rates of up to 7,600 b/d of oil.

The main objective of the well was to prove the commerciality of the Mishrif-Mauddud reservoir. Indago is planning to commission a revised reserve audit incorporating the results of the latest well.

West Bukha-2 is adjacent to existing oil and gas infrastructure.

Indago Petroleum subsidiary Indago Oman Ltd. operates block 8. Partners include Eagle Energy (Oman) Ltd. with 10% interest and LG International with 50% interest.

11/22/2006