Share Name Share Symbol Market Type Share ISIN Share Description
Caspian Sunrise LSE:CASP London Ordinary Share GB00B1W0VW36 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.03p +0.32% 9.50p 9.30p 9.70p 9.50p 9.37p 9.47p 307,310 15:39:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.3 -3.4 -0.3 - 89.06

Caspian Sunrise plc Operational Update

04/01/2018 7:00am

UK Regulatory (RNS & others)


Caspian Sunrise (LSE:CASP)
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2 Months : From Dec 2017 to Feb 2018

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TIDMCASP

RNS Number : 9044A

Caspian Sunrise plc

04 January 2018

Caspian Sunrise PLC ("Caspian Sunrise" or the "Company")

BNG Operational Update

Towards the end of December 2017, the Company encountered a prolonged period of unusually cold and windy weather at BNG, which resulted in moving from a 24-hour working day to a 12-hour working day, and during which much of the planned well-related activities were deferred.

Accordingly, those events expected to occur before the year-end, including the resumption of the 90-day flow test at Deep Well A5, spudding of A8 and retesting of shallow well 146, are now expected to take place in January 2018.

Clive Carver, Executive Chairman of Caspian Sunrise PLC, commented:

"Weather delays at this time of year are not unusual. These coupled with the traditional Kazakh holiday period led us to decide to take the prudent approach and postpone the drilling activities previously expected in the second half of December.

We look forward to updating the market with the outcomes of the various work streams at our active Deep and Shallow wells"

 
 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. NurlybekOspanov, 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

UPDZMGGMNFGGRZM

(END) Dow Jones Newswires

January 04, 2018 02:00 ET (07:00 GMT)

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