Caspian Sunrise (CASP.L) received approval from the Kazakh authorities to drill four additional wells within the BNG Contract Area in Kazakhstan.
The new assets include two deep wells targeting Permian limestone and a shallower well targeting Triassic sandstone at the Yelemes Deep structure, and a well located on a potential new shallow structure targeting cretaceous point bar sandstone, according to a Monday filing.
Additionally, the London-listed oil and gas exploration and production company secured the consent required under the Anti-Monopolies regulations for its conditional acquisition of Kazikhan, a manganese and gold reserves operation with copper, silver, and molybdenum potential. Completion of the transaction remains subject to other approvals.