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: Annual Report and Financial Statements for the Year Ended 31 December 2020
Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce its audited final results for the year ended 31 December 2020. Highlights for the year: Operational: · Aggregate production for 2020 was 545,667 barrels (2019: 506,620) an increase of approximately 7.7% · Reserves at 31 …
Caspian Sunrise PLC: Share Issue
In satisfaction of an existing debt the Company has issued 3,017,956 ordinary shares in the Company at an issue price of 2.35p per share. Application will made to London Stock Exchange for these shares to be admitted to trading on AIM (“Admission”), and dealings in the new ordinary shares are expected to …
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: BNG Operational Update
The Board of Caspian Sunrise are pleased to provide the following operational update at its flagship BNG Contract Area asset. First quarter production volumes In the three months ended 31 March 2021, 119,916 bbls of oil were produced at an average of approximately 1,332 bopd. Oil Prices While international prices …
Caspian Sunrise: Announce Appointment of Director
Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce the appointment of Mr. Seok Woo Shin to the board of the Company as Chief Operating Officer with immediate effect. Mr. Shin (aged 60) does not own any shares in the Company and has confirmed that there is …
Caspian Sunrise: Domestic Prices, Cost Levies and Deep Wells Hampering Performance
Introduction The board is pleased to provide an update covering commercial / financial / operational and regulatory matters. Commercial & financial update In our previous announcement we identified three principal factors holding back the company’s short term progress: · Kazakh domestic oil price · Assessed BNG historic costs · Lack of deep well …
Caspian Sunrise PLC: Operational & Regulatory Update, Financial Update, Management & Board Changes, Shareholding Update
BNG Deep Wells Progress has been made with our deep wells but to date none are yet producing at commercial quantities. Deep Well A5 We have struggled for some time with another stuck pipe this time at the point at which the side track commences. After several weeks attempting to …
Caspian Sunrise: Completion of the Acquisition of the Caspian Explorer
The Board of Caspian Sunrise is pleased to announce that the re-registration of the shares in Prosperity Petroleum, the UAE company which is the sole shareholder of KC Caspian Explorer LLP the Kazakh registered entity which owns a 100 per cent interest in the Caspian Explorer, has been finalised. Accordingly, the acquisition of …
Caspian Sunrise PLC: Appointment of New Director
Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce the Appointment of Aibek Oraziman to the board of the Company with immediate effect. A list of Mr. Oraziman’s current directorships together with those held within the last five years is set out below: …