REG - Caspian Sunrise plc - Update on Block 8 Well Tests

Caspian SunriseAnnouncement

Yesterday 09:30

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RNS Number : 7443Q  Caspian Sunrise plc  11 July 2025

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information
is disclosed in accordance with the Company's obligations under Article 17 of
the UK MAR. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company" and together with its subsidiaries, the
"Group")

Update on Block 8 Well Tests

Introduction

The Board of Caspian Sunrise is pleased to update the market with operational
progress at the Block 8 Contract Area.

 

Background

As previously announced the Group is nearing the end of the process to acquire
the Block 8 Contract Area, which extends over 2,823 sq km and is approximately
160 km from the BNG Contract Area.

 

The licence for the Sholkara structure on the Block 8 Contract Area was
renewed in Q4 2024, which has allowed the resumption of drilling and testing
of the two deep wells previously drilled.

 

Deep Well P1 was drilled to a depth of 3,434 meters and Deep Well P2 drilled
to a depth of 3,415 meters.

 

Testing

Test production from Deep Well P2 has increased to approximately 876 bopd
using a 4mm choke.

 

At Deep Well P1, the well has been perforated across an interval of 3 meters
from a depth of 3,391 meters in preparation for testing to commence.

 

 

Contacts:

 

 Zeus               +44 (0) 203 829 5000

 James Joyce

 James Bavister

 Andre de Andrade

 

 

This announcement has been posted to:

www.caspiansunrise.com/investors (http://www.caspiansunrise.com/investors)

 

Qualified Person

Mr. Sunjin Chang, a member of the Society of Petroleum Engineers, has
reviewed and approved the technical disclosures in this announcement.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Clive Carver, Chairman of the Company.

 

This announcement has been posted to:

www.caspiansunrise.com/investors (http://www.caspiansunrise.com/investors)

 

 

 

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