Caspian Sunrise Plc issues an update on exploration activities

  • Jan 02, 2020 GMT
  • Team Kalkine
  The company issued an update on the progress at Deep Well A5 in the company’s BNG contract area.
  • The side-track from a depth of 3,796 meters successfully reached a depth of 4,405 meters without any problem
  • Since the above, cementing has been successfully completed and the well extensively cleaned and perforated over a 63-meter interval from 4,331 meters to 4,394 meters.
  • The well has flowed without external help and oil flow has increased.
  • Production has steadily increased to 1,500 bopd using a 12 mm choke’
  • On 2nd January 2020, at the time of writing, GMT 10:33 AM, CASP shares were trading at GBX 9.35, up by 1.55 points or 19.87% against the previous day closing price.

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