Caspian Sunrise announced that it has farmed out the outstanding work programme commitments in respect of the 3A Best contract area in return for a 15% interest in that contract area. The principal work commitment consists of drilling a 2,250m well at an expected cost of approximately $2.5M. The farmin partner will earn an option to acquire the remaining 85% of the 3A Best contract area at a price to be determined by an independent expert to be appointed by the parties should the option be exerc ....
03 Jun 2021
Caspian Sunrise (CASP) - 3A Best farm out & first charter for Caspian Explorer
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Caspian Sunrise (CASP) - 3A Best farm out & first charter for Caspian Explorer
Caspian Sunrise PLC (CASP:LON) | 2.8 0 (-8.3%) | Mkt Cap: 61.9m
- Published:
03 Jun 2021 -
Author:
Brendan Long -
Pages:
4
Caspian Sunrise announced that it has farmed out the outstanding work programme commitments in respect of the 3A Best contract area in return for a 15% interest in that contract area. The principal work commitment consists of drilling a 2,250m well at an expected cost of approximately $2.5M. The farmin partner will earn an option to acquire the remaining 85% of the 3A Best contract area at a price to be determined by an independent expert to be appointed by the parties should the option be exerc ....