BNG Operational Update

RNS Number : 5291X

Caspian Sunrise plc

27 November 2017

 

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company")

BNG Operational Update

Introduction

Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of progress its Deep Well A5 at its flagship 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 southeast of Tengiz on the edge of the Mangistau Oblast.

Deep Well A5

Caspian Sunrise is pleased to announce that the independent 90-day flow test at Deep Well A5 commenced over the weekend.

We plan to make regular updates announcements as the test progresses.

Clive Carver, Executive Chairman, Caspian Sunrise comments:

"We look forward to providing the market with periodic updates from the independent assessment now started at Deep Well A5"

Caspian Sunrise PLC
Clive Carver Executive Chairman	[phone]
WH Ireland, Nominated Adviser & Broker
James Joyce Jessica Cave James Sinclair-Ford	[phone]
Yellow Jersey PR Tim Thompson	[phone]

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.

 

END

 

 

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