REG - Caspian Sunrise plc - BNG April 2020 Production Numbers

Caspian SunriseAnnouncement

14/05/2020 10:15

RNS Number : 9084M
  
Caspian Sunrise plc
  
14 May 2020
  
 

Caspian Sunrise PLC
("Caspian Sunrise" or the "Company")
 
BNG April 2020 production numbers
 
Introduction
 
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 increase of 25 per cent.
 
The increase in production reflects the contribution from New Well 153, which as previously announced started producing towards the end of April.
 
Production to date in May 2020, is approximately 2,000 bopd.
 
Additionally, once we receive the regulatory clearances required to move the South Yelemes structure to an export licence we expect a further increase in daily production from wells on the South Yelemes structure currently shut in during the licence upgrade process.
 
Contacts:
 
Caspian Sunrise PLC
 
Clive Carver
Executive Chairman                                                                +7 727 375 0202
 
WH Ireland, Nominated Adviser & Broker
 
James Joyce                                                                            +44 (0) 207 220 1666
James Sinclair-Ford
 
Qualified person
 
Mr. Nurlybek Ospanov, a consultant to Caspian Sunrise PLC's who is a member of the Society of Petroleum Engineers ("SPE"), has reviewed and approved the technical disclosures in this announcement.
 
This announcement has been posted to:
www.caspiansunrise.com/investors
 
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.


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