REG - Caspian Sunrise plc - BNG operational update

Caspian SunriseAnnouncement

29/05/2019 10:00

RNS Number : 4567A
Caspian Sunrise plc
29 May 2019
 


 
Caspian Sunrise PLC
("Caspian Sunrise" or the "Company")
BNG operational update
 
Introduction
 
The Company is pleased to announce that an initial evaluation of the third core sample taken from Deep Well A8 shows it to contain the same signs of secondary porosity and oil staining as with the first two samples.
 
The third core sample was 18 meters in length, starting at a depth of 4,379 meters and ending at 4,397 meters. With the first sample starting at a depth of 4,346 meters the total interval so far proved is now 51 meters.
 
Rather than to continue to delay the completion of the well we intend to resume drilling until the mudlogs indicate we are approaching the end of the oil-bearing interval, at which time we will conduct a further core sample to prove its total extent.
 
Ends.
 



Caspian Sunrise PLC


 




Clive Carver
Executive Chairman


+7 727 375 0202




 


 




WH Ireland, Nominated Adviser & Broker


 




James Joyce
Jessica Cave
James Sinclair-Ford
 


+44 (0) 207 220 1666




Yellow Jersey PR
Tim Thompson
Henry Wilkinson


+44 (0) 203 735 8825



 
Qualified Person
 
Mr. Nurlybek Ospanov, Caspian Sunrise PLC's Chief Geologist / Technical Director 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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