BMB Munai, Inc. (KAZ) Releases Updated Report on Company’s Oil and Gas Resource Potential
BMB Munai, Inc. issued an updated report on the oil and gas potential of the company’s properties in Central Asia, based on an analysis prepared by an independent third party firm. BMB Munai, Inc. reported that Chapman Petroleum Engineering Ltd. conducted an analysis on the company’s properties in the Northwest Block territory using newly acquired 3D seismic studies. Chapman Petroleum Engineering Ltd. found four potential formations on the Northwest Block territory that might contain oil and gas reserves. The firm estimated the size of the prospective oil reserves at 171 million barrels on an unrisked basis and 51.3 million barrels…