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Caspian Sunrise Progresses On Collection Of Third Core Sample From BNG

LONDON (Alliance News) - Caspian Sunrise PLC on Tuesday said work has commenced to take a third ...

Alliance News 28 May, 2019 | 12:54PM
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LONDON (Alliance News) - Caspian Sunrise PLC on Tuesday said work has commenced to take a third core sample from Deep Well A8 on the Airshagyl structure at its flagship BNG contract area in western Kazakhstan.

Deep Well A8 was spudded in November 2018 with a target total depth of 5,300 meters and with two principal targets. The first is in the Carboniferous and the second in the Devonian.

The first core was collected at a depth of 4,346 to 4,350 meters. A second core was collected over the interval 4,370 to 4,379 meters. Samples analysed from this interval showed to be porous and oil and gas bearing.

On Tuesday, the oil & gas exploration and production company confirmed that the samples analysed showed visible secondary porosity and oil staining. Fluorescence and hydrocarbon cut tests classified the hydrocarbon indicators as fair to good.

Currently operations are ongoing to collect an 18-meter core from 4,379 meters to 4,397 meters.

Caspian Sunrise shares were trading 6.5% higher in London on Tuesday at 10.65 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Caspian Sunrise PLC 9.35 GBX 0.00 -

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