GeoGlobal says that the first well in Rajasthan Block RJ-ONN-2004/2 (RJ Block 20), has been spud. Phulasar-1 is the first exploratory well to be drilled in this block out of five identified locations. Oil India Limited, as operator of the RJ Block 20 is drilling the Phulasar-1 vertically to an estimated total depth of 1,500 meters to test the Jodhpur Sandstone and the Upper Carbonate group. GeoGlobal has a 25% participating interest in the Phulasar-1 exploration well.
The Production Sharing Contracts for the Rajasthan Blocks, RJ-ONN-2004/2 (RJ Block 20) and RJ-ONN-2004/3 (RJ Block 21) were signed on March 2, 2007. The adjacent blocks are located onshore in northwest India in the Bikaner-Nagaur Basin and surround Oil India Limited's producing Baghewala oil field. Combined, the blocks cover an area of approximately 3,526 square miles (871,293 gross acres). The consortium previously drilled two wells in RJ Block 21 as part of Phase 1 of the minimum work program.
"The information gathered from the previous two wells drilled on the RJ Block 21 have proved useful and we look forward to drilling the remaining prospects in both blocks," said Mr. Paul B. Miller, President and CEO of GeoGlobal.