Caspian Sunrise (CASP)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 3.20p
   
  • Change Today:
      0.000p
  • 52 Week High: 5.05
  • 52 Week Low: 2.30
  • Currency: UK Pounds
  • Shares Issued: 2,254.98m
  • Volume: 118,143
  • Market Cap: £72.16m

Caspian Sunrise reports progress on several fronts

By Josh White

Date: Tuesday 02 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Caspian Sunrise updated the market on its recent activities on Tuesday, including well testing results, new drilling, and preparations for the charter of the Caspian Explorer.
The AIM-traded firm said that at the shallow MJF structure within the BNG contract area, well 155 was spudded in the first quarter of the year with a planned total depth of 2,400 metres.

Drilling was complete, and oil had been detected over a 22-mete interval.

A 16-metre interval had been perforated, and oil had flowed over a three-day period.

Currently, using a 4.5 millimetre choke, the well was reportedly flowing at a rate of 900 to 1,000 barrels of oil per day.

Elsewhere, deep well 803, spudded in the fourth quarter of 2023, had a planned total depth of 4,200 metres.

Its primary target was at 3,950 metres, with a secondary target at 4,200 metres.

Oil was detected over a 60-metre interval between 3,360 and 3,420 metres, exceeding expectations and located above the main salt layer.

Testing was underway across an 11-metre interval.

Well 815 had meanwhile been spudded as a new well on the South Yelemes shallow structure within the BNG contract area, with a planned total depth of 1,900 metres.

Including the output from well 155, the total production from the BNG contract area now ranged between 2,500 and 2,600 barrels of oil per day.

Final preparations for the Caspian Explorer's charter by a consortium led by ENI were meanwhile nearing completion.

The Caspian Explorer was expected to depart from the port of Aktau later in the week, with drilling set to start in early July.

Caspian Sunrise said the drilling operation was expected to take two months to complete.

Reporting by Josh White for Sharecast.com.

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CASP Market Data

Currency UK Pounds
Share Price 3.20p
Change Today 0.000p
% Change 0.00 %
52 Week High 5.05
52 Week Low 2.30
Volume 118,143
Shares Issued 2,254.98m
Market Cap £72.16m

CASP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.51% above the market average76.51% above the market average76.51% above the market average76.51% above the market average76.51% above the market average
47.95% below the sector average47.95% below the sector average47.95% below the sector average47.95% below the sector average47.95% below the sector average
Price Trend
24.84% above the market average24.84% above the market average24.84% above the market average24.84% above the market average24.84% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income Not Available
Growth
10.29% below the market average10.29% below the market average10.29% below the market average10.29% below the market average10.29% below the market average
2.04% below the sector average2.04% below the sector average2.04% below the sector average2.04% below the sector average2.04% below the sector average

CASP Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 02-Mar-23 19-Jan-23
Paid 23-Mar-23 16-Feb-23
Amount 0.044p 0.044p

Trades for 30-Oct-2024

Time Volume / Share Price
16:29 60,515 @ 3.30p
10:56 40,230 @ 3.19p
10:40 1,043 @ 3.10p
08:43 4,312 @ 3.19p
08:24 12,043 @ 3.28p

CASP Key Personnel

CEO Kuat Rafikuly Oraziman

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