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Caspian Sunrise (LON:CASP)

Caspian Sunrise (LON:CASP)


Share Price
8.95 p
Change
0 (0.00 %)
Market Cap
£149.44 m
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Caspian Sunrise RNS Release

BNG Operational Update


RNS Number : 5291X
Caspian Sunrise plc
27 November 2017
 

 

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company")

 

BNG Operational Update

 

Introduction

 

Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of progress its Deep Well A5 at its flagship BNG Contract Area.

 

Background

 

Caspian Sunrise has a 99% interest in the BNG Contract Area, which is located in the west of Kazakhstan, 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast.

 

Deep Well A5

 

Caspian Sunrise is pleased to announce that the independent 90-day flow test at Deep Well A5 commenced over the weekend.

 

We plan to make regular updates announcements as the test progresses.

 

Clive Carver, Executive Chairman, Caspian Sunrise comments:

 

"We look forward to providing the market with periodic updates from the independent assessment now started at Deep Well A5"

 

 

Caspian Sunrise PLC

 

Clive Carver

Executive Chairman

+7 727 375 0202

 

 

WH Ireland, Nominated Adviser & Broker

 

James Joyce

Jessica Cave

James Sinclair-Ford

 

+44 (0) 207 220 1666

Yellow Jersey PR

Tim Thompson

 

+44 (0) 203 735 8825

 

Qualified Person

 

Mr. Nurlybek Ospanov, Caspian Sunrise PLC's Chief Geologist / Technical Director who is a member of the Society of Petroleum Engineers ("SPE"), 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 by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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