Caspian Energy said Wednesday Aral Petroleum Capital, in which the company holds a 50% indirect interest, has not yet found reservoir quality rocks at Baktygaryn #703.
The company said the well has reached a depth of 2,430 meters.
The well is continuing to a TD of 2,500 million and will be prepared for electric logging before making a final decision on disposition of the well, Caspian said.
It added it remains highly confident on its remaining post-salt prospects and their prospectivity is not affected by the results of Baktygaryn #703.