Manas Petroleum report that its subsidiary Gobi Energy Partners LLC., spud its first well in Mongolia.

Gobi Energy plans to drill this first well Ger Chuluu A1 to a depth of 1200 meters and into Jurassic/Paleozoic formation. Target horizons in Ger Chuluu A1 are Lower Zuunbayan and Tsagaantsav formations; both are Lower Cretaceous.

Gobi Energy anticipates that Ger Chuluu A1 should cost approximately USD 1.8 million, with the well reaching target depth and being logged mid-September 2012.

Tags: Manas Petroleum