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Pacific Energy Development Announces Successful Test Results Of An Additional Appraisal Well On Kazakhstan Asset

2013-12-12 01:18:54| oilandgasonline News Articles

Pacific Energy Development (NYSE MKT: PED)(the "Company"), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S. and Asia, today announced the initial results of testing done by Aral Petroleum Capital Limited Partnership ("Aral") on Well #315, which was originally drilled in 2012, located in western Kazakhstan's East Zhagabulak field located within the North Block of Kazakhstan's Pre-Caspian Basin, which is covered by a production license and included within the 380,000 acre contract area ("Contract Area") covered by an exploration license issued by the Republic of Kazakhstan that is 100% held by Aral.

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