Monthly production numbers

RNS Number : 9595H

Caspian Sunrise plc

06 August 2019

 

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company")

Monthly production numbers

The Board of Caspian Sunrise is pleased to update the market with production numbers for July 2019.

Monthly production numbers

The Board also announces that for the month of July 2019 total production from BNG was 39,034 barrels (May 38,571 barrels) and that the daily average production was 1,259 barrels (May 2019 1,286bopd).

The average domestic sales price achieved was $20 per barrel (May 2019 $19 per barrel).

 As previously reported the decrease in production volumes was expected and is the result of postponing much needed remedial work on the MJF wells.  Now we have received the MJF licence upgrade we are in a better position to schedule the MJF well workovers to restore production to previous levels.

Shareholder call

Shareholders are reminded the Company will host an investor and analyst conference call at 17:00 (U.K. local time) on 07 August 2019. 

The Company's Executive Chairman, Clive Carver will host the call, followed by a question and answer session.

Investors are invited to submit questions via email ahead of the conference call to [e-mail]. Please send questions by 17:00 (U.K. local time) on 05 August 2019.

To participate in the conference call, please dial in to the following:

Standard International Access

[phone]

UK Toll Free

0808 109 0700

Password

Caspian

Shortly following the conference call, a recording will be available to download from the Company website https://www.caspiansunrise.com for the next seven days.

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 Henry Wilkinson	[phone]

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.

 

END

 

 

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