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Monthly production numbers

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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 [email protected]. 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

+44 (0) 20 3003 2666

 

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

+7 727 375 0202

 

 

WH Ireland, Nominated Adviser & Broker

 

James Joyce

Jessica Cave

James Sinclair-Ford

 

+44 (0) 207 220 1666

Yellow Jersey PR

Tim Thompson

Henry Wilkinson

 

+44 (0) 203 735 8825

 

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.

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Caspian Sunrise

Price: 10.15

Market: AIM
Market Cap: £191.09 m
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