StockMarketWire.com - Zenith Energy said it had evaluated a number of drilling locations at its prospects in Azerbaijan.

These included well M-247, located in the south-western part of the Muradkhanli oilfield, as a highly prospective geological target for well deepening or sidetrack.

Well M-247 was currently not in production and last produced at a rate of around 200 barrels of oil per day in 1990.

The well was located in the proximity of Lake Sarisu and it ias expected that a series of civil works will be required to render the location fully accessible during the winter season.




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