Caspian Sunrise PLC: Company’s First Horizontal Well is Successful
The Board of Caspian Sunrise is pleased to update the market with news of its latest well drilled on the MJF Structure at the BNG Contract Area. Background Well 154, which was spudded in April 2021, was drilled vertically to a depth of 2,298 meters and then horizontally for a further 250 meters …
Caspian Sunrise PLC: Increase in the Price for Oil Sold to the Domestic Market
The Board of Caspian Sunrise are pleased to announce that it has been informed that the price for oil sold to the domestic market from its flagship BNG Contract Area has been increased to approximately $12.4 per barrel. While this still lags far behind the international price it is approximately …
Caspian Sunrise: Operational Update & Response to Shareholder Questions
The Board is pleased to update the market with news of progress at its flagship BNG Contract Area and of the acquisition of the Caspian Explorer. The Board is also pleased to announce that responses to shareholder questions received following the publication of the Group’s interim results will later today …
Caspian Sunrise: Raises £1m From New Placement – Acidization For Deep Wells Planned For August
Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has raised £1 million through the placing (“Placing”) of 36,363,629 new ordinary shares (“Placing Shares”) in the capital of the Company to new and existing investors at an issue price of 2.75 pence per share …
Caspian Sunrise: Updates on BNG Well Operations – New Technologies Being Deployed
The Board of Caspian Sunrise is pleased to provide an operational update on progress across the structures already identified at the BNG Contract Area. Deep Wells A5 The Board is pleased to report success in milling away the 2.6-meter metallic obstruction in Well A5 at a depth of 3,887 meters, …
Caspian Sunrise: Third Airshagyl Well Contains Oil – Potential To Extend Over 58km2 of the Stucture
The Board of Caspian Sunrise is pleased to update shareholders with developments at its flagship BNG Contract Area. Deep Wells A8 Deep Well A8 was spudded on November 2018 with a target Total Depth of 5,300 meters. Drilling has now reached a depth of 4,391 meters, which is beyond the …
Caspian Sunrise: Workover Operations Proving Successful
BNG Shallow Wells Production levels Total oil production in October 2018 from the 5 wells operational in the MJF structure and the 4 wells in the South Elemes structure was 54,348 barrels (average of 1,753 bopd). Completed workovers The remedial work completed at the start of October 2018 has resulted …
Caspian Sunrise: Baverstock Merger Completion Imminent
Further to the RNS dated 27 February 2017, Caspian Sunrise plc (formerly Roxi Petroleum plc), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of receipt of the final material consent required to implement the Baverstock Merger. Background Caspian …
Caspian Sunrise: Well 144 Spudded on the MJF Structure
Caspian Sunrise PLC (formerly Roxi Petroleum plc) (“Caspian Sunrise”), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news from its BNG Contract Area. Background Caspian Sunrise has a 58.41% interest in the BNG Contract Area, which is located in …
Roxi Petroleum: Proposes Eragon Assets Merger
Roxi, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to announce that it will shortly be posting to Shareholders a Circular regarding a proposed merger in respect of the Company’s Eragon Assets. The Circular also provides details regarding the proposed Conversion of the outstanding …