Caspian Sunrise (GB:CASP) has released an update.
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Caspian Sunrise PLC has reported a substantial increase in its oil reserves at the Airshagyl structure within the BNG Contract Area, with independent assessments revealing about 49 million barrels of C1 reserves and around 29 million barrels of C2 reserves. These figures are based on just three wells and suggest a promising outlook for further reserve increments once the ongoing assessment of the Yelemes Deep structure is completed later in the year. The company’s chairman, Clive Carver, expressed optimism about the potential for additional increases to the group’s overall reserves.
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