Gold prices slip lower; consolidating after recent gains
LONDON - Caspian Sunrise plc reported Thursday that test production from its Deep Well P2 at the Block 8 Contract Area in Kazakhstan has reached approximately 876 barrels of oil per day (bopd) using a 4mm choke.
The company also disclosed that Deep Well P1, which was drilled to a depth of 3,434 meters, has been perforated across a 3-meter interval at a depth of 3,391 meters in preparation for testing to commence. Deep Well P2 was previously drilled to a depth of 3,415 meters.
According to the company’s press release statement, Caspian Sunrise is in the final stages of acquiring the Block 8 Contract Area, which covers 2,823 square kilometers and is located approximately 160 kilometers from the company’s BNG Contract Area.
The company noted that the license for the Sholkara structure on the Block 8 Contract Area was renewed in the fourth quarter of 2024, enabling the resumption of drilling and testing activities on the two deep wells.
Caspian Sunrise is listed on the London Stock Exchange (LON:LSEG), with operations focused on oil exploration and production in Kazakhstan.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.