Business
Operational Update & Production Report
Operational Update & Production Report.
About this update from Caspian Sunrise Plc
[{"type":"text","content":"\n \nRNS Number : 9959A Caspian Sunrise plc 04 June 2019 \n\nCaspian Sunrise PLC\n(\"Caspian Sunrise\" or the \"Company\")\nBNG operational update and May 2019 production report\n \nIntroduction\n \nThe Company is pleased to provide an operational update at its flagship BNG asset.\n \nDeep Wells\n \nDeep Well A5\n \nAfter further evaluation of the remedial options open to us we have concluded that a side-track from below the salt layer is preferable, at this stage, to a side-track commencing above the salt layer.\n \nAccordingly, we now plan to use laser cutting equipment to cut the liner and drill pipes at a depth of 4,005 meters and then remove a 30 meter section of liner and drill pipe, before commencing a new 500 meter side-track from a depth of 4,035 meters.\n \nA contractor has been identified and the specialist equipment is being sourced with the target that the side tracking itself can commence in Q3 2019. \n \nDeep Well A6\n \nFollowing extensive analysis using the input of international consultants we have decided to focus on the lower of the two intervals of interest where we believe the potential is greater, and which is correlated with intervals already identified at Deep Wells A5 and A8. It is also the interval of interest where any damage caused by previous attempts to perforate the well is minimal.\n \nAfter re completing the bottom of the well to prevent water ingress we now plan to perforate the lower of the two intervals of interest.\n \nWe will return to the upper interval of interest at a later time.\n \nDeep Well A8\n \nDrilling at this well has reached a depth of 4,440 meters. The mudlogs indicate that we are still in the interval identified as oil bearing and starting at a depth of 4,346 meters. We plan to take a further core sample, of 18 meters, starting at 4,440 meters to confirm the presence of oil.\n \nOnce we have established the bottom of the oil bearing interval, we plan to drill for a further 30 meters and then conduct a wireline analysis of the entire horizon, after which we will case the well to a depth of 4,500 meters.\n \nDeep Well 801\n \nWe continue to wait on contractors and equipment to conduct a high-pressure acid treatment and we expect work will commence in June 2019...