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 PLC: Caspian Explorer & AGM Updates
Caspian Explorer The Board is pleased to announce that, further to its announcement of 21 January 2020, all the required Kazakh regulatory and local shareholder approvals have now been received and the relevant paperwork has been sent to the UAE to complete the required re-registration of ownership of the Caspian Explorer, following which …
Caspian Sunrise PLC: BNG April 2020 Production Numbers
The Board of Caspian Sunrise is pleased to announce the April 2020, production numbers from its flagship asset BNG. April 2020 oil production figures The total number of barrels produced in April 2020, all from the MJF structure, was 48,678 (March 2020, 40,277) at an average daily rate of 1,623 bopd (March 2020, 1,299), an …
Caspian Sunrise PLC: Operational and Financial Update or April 2020
The Directors are pleased to update the market with news of progress at its flagship BNG asset together with details of measures taken to underpin the Company’s finances. New Well 153 On 27 April 2020, we announced that New Well 153, the second of the infill wells drilled at the MJF …
Caspian Sunrise: New MJF Well Brings Aggregate Production up to 2000 bopd
The board is pleased to announce that New Well 153 has commenced production. Background Well 153, was the second of the MJF Phase 1 production wells drilled. It was spudded in mid-February 2020, and reached `Total Depth’ of 2,503 meters in early April 2020. Recently the first of several prospective …
Caspian Sunrise PLC: BNG Operational Update & March Production Numbers
The Board of Caspian Sunrise is pleased to announce New Well 153, the second of the planned infill wells on the MJF structure, has reached its Total Depth of 2,500 meters. Background New Well 153 was spudded in mid-February 2020, and on 2 April 2020, reached its Total Depth. Wireline …
Caspian Sunrise: Well 150 Producing 500 bopd Day On a 7mm Choke
The Board of Caspian Sunrise is pleased to announce the successful perforation of New Well 150, the first of the planned infill wells on the MJF structure, and that the well is flowing at the rate of approximately 500 bopd using a 7 mm choke. The Board is also pleased to provide …
Caspian Sunrise: Pauses Drilling Ops During Downturn, Medium to Long Term Outlook Remains Positive
The Board of Caspian Sunrise are pleased to update the market with news of its operational activities and action taken in light of the recent sharp decline in the world oil price. MJF Infill wells The Board is pleased to confirm New Well 150, has been completed with perforation expected in the …
Caspian Sunrise PLC: February 2020 Production Numbers & an Operational Summary
The Board of Caspian Sunrise is pleased to update the market with February 2020 production numbers and an Operational Summary. February 2020 oil production figures The total number of barrels produced in February 2020, was 38,626 (January 2020, 44,169) at a daily rate of 1,332 bopd (January 2020, 1,425). The decline in daily production resulted principally …
Caspian Sunrise: Acquisition of the Caspian Explorer
The Board of Caspian Sunrise is pleased to announce the proposed acquisition of the Caspian Explorer, a drilling vessel capable drilling exploration wells to depths of up to 6,000 meters in extremely shallow water, for a consideration of $25 million to be satisfied by the issue of 160,256,410 new Ordinary …