Amended: BNG April 2020 production numbers

RNS Number : 9154M

Caspian Sunrise plc

14 May 2020

 

The following amendment has  been made to the 'BNG April 2020 production numbers' announcement released today at 10:10am under RNS No 9084M.

"Production to date in May 2020, is approximately 2,000 bopd" has been amended to "Production to date in May 2020, is approximately 1,700 bopd."

All other details remain unchanged. The full amended text is shown below.

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 1,700 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  [phone]

WH Ireland, Nominated Adviser & Broker

James Joyce  [phone]

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.

 

END

 

 

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