Caspian Sunrise: Non-Executive Director Appointment
The Board of Caspian Sunrise is pleased to announce the appointment of Timothy Andrew Field as a non-executive director of the Company with immediate effect. Tim is a corporate lawyer specializing in securities law and corporate governance. He is currently the head of the public company practice at Mishcon de …
Caspian Sunrise PLC: BNG Operational Update, 3A Best Acquisition Update & Director/PDMR Shareholding
The Board of Caspian Sunrise is pleased to report the completion of the previously announced acquisition of 3A Best Group JSC (“3A Best”) (“the Acquisition”), most recently announced on 13th November 2018. Background 3A Best owns a Contract Area of 1,347 sq km located close to the Caspian port city …
Caspian Sunrise: Hopeful of Problematic Wells Making Progress – Deep Well A5 Briefly Flowed at 3,800 bopd
The Board of Caspian Sunrise are pleased to provide the following operational update at its flagship BNG asset. Deep Well A5 Background The well was drilled in 2013 to a depth of 4,432 meters. High pressure resulted in the well becoming blocked with excess drilling fluid and debris from the …
Caspian Sunrise: Spuds New Deep Well A8
The Board of Caspian Sunrise are pleased to provide the following update at its BNG Contract Area: Deep Wells – new wells A8 Caspian Sunrise is pleased to announce the spudding of a new deep well A8 within the Airshagyl field of the BNG contract area. It has reached a …
Caspian Sunrise PLC: 3A Best acquisition update
On 29 May 2018, Caspian Sunrise announced the conditional acquisition of 3A Best Group JSC (“3A Best”) (the “Acquisition”), an existing Contract Area of some 1,347 sq km located near the Caspian port city of Aktau, for a consideration of $24 million payable by the issue of 149,253,732 Caspian Sunrise shares issued …
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 plc: Interim Results for the Period Ended 30 June 2018
Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, announces its unaudited results for the six-month period ended 30 June 2018. Highlights In the period under review Corporate / Financial Oil sales of $5 million Proposed acquisition of 3A Best Operational – shallow wells Total …
Caspian Sunrise: BNG Deep Well Operational Update
Deep Well 801 As previously announced we successfully completed a 350 meter side-track from a depth of 4,501 meters by-passing the blocked pipe. A 5-inch liner was run to the new bottom of the borehole at a Total Depth of 4,852 meters. Also as previously announced while drilling the side-track …
Caspian Sunrise: Deep Well 801 – 121m of Aggregate Potential Intervals
As previously announced our plan to bring Deep Well 801 into production was by drilling a side track of between 450 – 500 meters from a starting depth of 4,501 meters. Having identified potential oil bearing (net-pay) intervals covering in aggregate 121 meters so far during the drilling of the …
Caspian Sunrise: Q1 Weather Slows Progress, BNG Price Per Barrel to Double in Q3
Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news at the BNG Contract Area of progress at its Deep and Shallow Wells. Deep Wells As previously reported we got off to a slow start in January and …