The Company’s flagship asset is it 99% interest in the BNG Contract Area. Additionally the Company holds a 100% interest in the 3A Best Contract Area.
|Licence||Working Interest (%)||Area (sq km)||Basin|
|Asset||31 December 2016||31 December 2015|
Reserves and Resources
|Asset||As at 24 March 2017*||31 December 2016||31 December 2015|
In January 2011, BNG engaged Gaffney Cline & Associates (“GCA”) to undertake a technical audit of the BNG Contract Area and subsequently Petroleum Geology Services (“PGS”) to undertake depth migration work, based on the 3D seismic work carried out in 2009 and 2010.
The work of GCA resulted in confirming total unrisked resources of 900 million barrels from 37 prospects and leads mapped from the 3D seismic work undertaken in 2009 and 2010. The report of GCA also confirmed risked resources of 202 million barrels as well as Most Likely Contingent Resources of 13 million barrels on South Yelemes.
The depth migration work that was carried out by PGS enabled Caspian Sunrise to gain a greater understanding of some of the deeper prospects yet to be explored. Caspian Sunrise believes the greater potential exists in the pre salt prospects and has plans to drill further wells to validate this belief.
In September 2016 Gaffney Cline completed an assessment of the reserves and resources attributable to the MJF structure based principally on the results from well 143. We plan to ask Gaffney Cline to revisit these finding based on additional information from 143 and information from new wells 141, 142, 144, 145 and 146 when drilled.
|Well||Date spudded||Depth (Meters)||Structure||Working interest (%)*||Status||BOPD|
|A6||Nov 2015||4,516||Aryshagal||99||Re perforation||N/A|
|801||Dec 2014||5,050||Yelemes deep||99||Chemical wash||N/A|
|54||Soviet era||3,000||Yelemes||99||Shut in||N/A|
|805||2010||2,505||Yelemes||99||Producing under test||xxx|
|806||2010||2,557||Yelemes||99||Producing under test||47|
|807||Sept 2013||2,500||Yelemes||99||Producing under test||48|
|141||Aug 2016||2,500||MJF||99||Producing under test||367|
|142||Oct 2016||2,500||MJF||99||Producing under test||163|
|143||April 2013||2,750||MJF||99||Producing under test||620|
|144||May 2017||2,500||MJF||99||Producing under test||700|
|145||July 2017||2,500||MJF||99||Drilling paused at 1,700m to fit casing||N/A|