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Caspian Sunrise to Drill Additional Wells at Yelemes Deep Structure in Kazakhstan

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Caspian Sunrise (CASP.L) said Thursday it plans to drill three additional deep wells on the Yelemes Deep structure on its BNG Contract Area in Kazakhstan.

Deep Wells 701 and 707 are scheduled to be spudded in July, while Deep Well 703 is targeted for drilling in the second half as rig equipment becomes available from either of the previous wells.

The update follows encouraging results from the oil and gas exploration and production company's ongoing drilling activities at Deep Well 803, which was successfully tested for oil at depths of between 3,349 meters and 3,380 meters.

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