Caspian Sunrise plc BNG April 2020 Production Numbers (9084M)
May 14 2020 - 4:10AM
UK Regulatory
TIDMCASP
RNS Number : 9084M
Caspian Sunrise plc
14 May 2020
Caspian Sunrise PLC
("Caspian Sunrise" or the "Company")
BNG April 2020 production numbers
Introduction
The Board of Caspian Sunrise is pleased to announce the April
2020, production numbers from its flagship asset BNG.
April 2020 oil production figures
The total number of barrels produced in April 2020, all from the
MJF structure, was 48,678 (March 2020, 40,277) at an average daily
rate of 1,623 bopd (March 2020, 1,299), an increase of 25 per
cent.
The increase in production reflects the contribution from New
Well 153, which as previously announced started producing towards
the end of April.
Production to date in May 2020, is approximately 2,000 bopd.
Additionally, once we receive the regulatory clearances required
to move the South Yelemes structure to an export licence we expect
a further increase in daily production from wells on the South
Yelemes structure currently shut in during the licence upgrade
process.
Contacts:
Caspian Sunrise PLC
Clive Carver
Executive Chairman +7 727 375 0202
WH Ireland, Nominated Adviser & Broker
James Joyce +44 (0) 207 220 1666
James Sinclair-Ford
Qualified person
Mr. Nurlybek Ospanov, a consultant to Caspian Sunrise PLC's 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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