The company indicated the deep A8 well has drilled to depth of 4,391 meters, with a target depth of 5,300 meters. Early indications from cuttings suggest the structure is oil bearing, as expected. Based partly on this result the company believes that the structure may extend across 58 square km. Total depth is expected to be reached in Q3 2019.
09 May 2019
First Light
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Caspian Sunrise PLC (CASP:LON) | 3.0 0 0.0% | Mkt Cap: 66.4m
- Published:
09 May 2019 -
Author:
Brendan Long -
Pages:
8
The company indicated the deep A8 well has drilled to depth of 4,391 meters, with a target depth of 5,300 meters. Early indications from cuttings suggest the structure is oil bearing, as expected. Based partly on this result the company believes that the structure may extend across 58 square km. Total depth is expected to be reached in Q3 2019.