New Work Programs Agreed in Tajikistan

Edgo Energy is pleased to announce that it has agreed, with the Ministry of Energy and Water Resources in the Republic of Tajikistan, the 2D seismic work programs for its Surkhsimo and Qarordon licenses in the country.

Interpretation of an Edgo Energy 2D seismic survey, acquired in 2011 in the Surkhsimo license, has shown structural upside of the Kyziltumshuk field and a new prospect east of the Kyziltumshuk field.

Later in 2015, Edgo Energy expects to execute an infill 2D seismic survey in Surkhsimo to define a drill target to deeper horizons in the Kyziltumshuk field and further de-risk the identified prospect. In the Qarordon license area the 2D seismic survey objective is to image the large interpreted Karadum structure and deeper horizons for potential drill targets.

Interpretation of well logs in the Kyziltumshuk field has shown significant remaining resources. A feasibility study will be prepared with a view to commercially producing the remaining resources in the developed shallow horizons.

Edgo Energy is currently considering selected approaches by parties interested in farming into these license areas to further develop the Kyziltumshuk field and explore for drill targets at Cretaceous and Jurassic horizons in the interpreted structures in both licenses.