Caspian Sunrise has announced that Well 153 has reached its total depth, that casing has been cemented in the well and that after the cement is set, the well will be perforated and brought on production. The company expects the well to produce similarly to the Well 150, which was drilled into the same shallow MJF structure and tested at circa 500 b/d of oil. With newly drilled wells 150 and 153, on production the company expects total production to exceed 2,000 b/d.
06 Apr 2020
WHI First Light: Caspain Sunrise (CASP)
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WHI First Light: Caspain Sunrise (CASP)
Caspian Sunrise PLC (CASP:LON) | 2.8 0 (-8.3%) | Mkt Cap: 61.9m
- Published:
06 Apr 2020 -
Author:
Brendan Long -
Pages:
4
Caspian Sunrise has announced that Well 153 has reached its total depth, that casing has been cemented in the well and that after the cement is set, the well will be perforated and brought on production. The company expects the well to produce similarly to the Well 150, which was drilled into the same shallow MJF structure and tested at circa 500 b/d of oil. With newly drilled wells 150 and 153, on production the company expects total production to exceed 2,000 b/d.