Caspian Sunrise (LON:CASP)

Caspian Sunrise (LON:CASP)


Share Price
10.00 p
Change
-0.5 (-4.76 %)
Market Cap
£182.43 m
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Caspian Sunrise RNS Release

BNG operational update


RNS Number : 4567A
Caspian Sunrise plc
29 May 2019
 

 

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company")

BNG operational update

 

Introduction

 

The Company is pleased to announce that an initial evaluation of the third core sample taken from Deep Well A8 shows it to contain the same signs of secondary porosity and oil staining as with the first two samples.

 

The third core sample was 18 meters in length, starting at a depth of 4,379 meters and ending at 4,397 meters. With the first sample starting at a depth of 4,346 meters the total interval so far proved is now 51 meters.

 

Rather than to continue to delay the completion of the well we intend to resume drilling until the mudlogs indicate we are approaching the end of the oil-bearing interval, at which time we will conduct a further core sample to prove its total extent.

 

Ends.

 

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

Henry Wilkinson

+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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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