Caspian Sunrise
PLC
("Caspian Sunrise", the
"Group" or the "Company")
Operational
Update
Introduction
The Board is pleased to update
shareholders with news of the well testing at Wells 155 and 803,
the spudding of new Well 815 and with preparations for the Caspian
Explorer's imminent charter.
Well 155
Well 155 on the shallow MJF
structure at the BNG Contract Area was spudded in Q1 2024 with a
planned total depth of 2,400 meters. Drilling has been completed
and oil detected over a 22 meter interval.
A 16 meter interval was perforated
from which oil has flowed over a three day period. Using a 4.5mm
choke, the well is now flowing at between 900 and 1,000
bopd.
Well 803
Deep Well 803 was spudded in Q4 2023
with a planned Total Depth of 4,200 meters and a primary target at
a depth of 3,950 meters with a secondary target at a depth of 4,200
meters.
Oil has been detected over a 60
meter interval between 3,360 meters and 3,420 meters, above
expectations and also above the main salt layer.
Testing is underway across an 11
meter interval.
Well 815
Well 815 has been spudded. The well
is a new well on the South Yelemes shallow structure at the BNG
Contract Area with a planned total depth of 1,900
meters.
BNG
production
Including the oil flowing at Well
155 the aggregate production from the BNG Contract Area is now
between 2,500 and 2,600 bopd.
Caspian Explorer
Final preparations for the charter
for a consortium led by ENI are underway and the Caspian Explorer
is expected to leave the port of Aktau later this week to allow
drilling to commence as planned in early July.
Drilling is expected to take two
months to complete.
Contacts:
Caspian Sunrise PLC
|
Clive Carver,
Chairman
|
+7 727 375 0202
|
WH
Ireland, Nominated Adviser & Broker
|
James Joyce
James Bavister
Andrew de Andrade
|
+44 (0) 207 220 1666
|
Qualified person
Mr. Assylbek Umbetov, a member of the Association of
Petroleum Engineers, has reviewed and approved the technical
disclosures in this announcement.
This announcement has been posted to:
www.caspiansunrise.com/investors
The information contained within
this announcement is deemed to constitute inside information as
stipulated under the retained EU law version of the Market Abuse
Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018.
The information is disclosed in accordance with the Company's
obligations under Article 17 of the UK MAR. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
