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: 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: Workover Boosts Production Numbers, Two Thirds Sold on World Oil Prices
The Board of Caspian Sunrise are pleased to announce significantly improved production and revenue numbers for September 2019, from the shallow wells at its flagship BNG Contract Area. Oil produced in September 2019, was 40,826 barrels (36,530 barrels in August 2019) at the rate of 1,361 bopd (1,178 bopd in …
Caspian Sunrise: MJF Structure Moves to Production License
The Board is delighted to announce receipt of the much anticipated MJF license upgrade. Accordingly, the majority of oil produced from the MJF structure on the BNG Contract Area may now be sold by reference to international rather than domestic prices. Background Under the licencing system in Kazakhstan, oil produced …
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: Warmer Weather Starts Play – Pressure and Flows Providing Confidence
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. Weather update Normal operations have resumed following follow the previously announced, delays caused by exceptionally …
Caspian Sunrise: Deep Well A5 on 90 Day Test
Caspian Sunrise (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 progress of its Deep Well A5 at its flagship BNG Contract Area and at its shallow MJF structure. Background Caspian Sunrise has a 99% …
Caspian Sunrise: Deep Well A5 Produces High Quality Oil
Caspian Sunrise PLC, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of success at its Deep Well A5 at its flagship BNG Contract Area. Background Caspian Sunrise has a 99% interest in the BNG Contract Area, which is …
Caspian Sunrise: 2017 1H Results – Completion of Merger, Production at 3,400 bopd
Caspian Sunrise, formerly Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its unaudited results for the six-month period ended 30 June 2017. Highlights In the period under review Corporate / Financial · Completion of the merger with Baverstock GmbH, following which we …
Caspian Sunrise: BNG to Move to Production Contract, MJF Structure Production Covering Operating Costs
Caspian Sunrise PLC, 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 99% interest in the BNG Contract Area, which is located in the west of Kazakhstan 40 kilometers …