30th Nov 2005 10:27
Caspian Holdings plc30 November 2005 30 November 2005 Caspian Holdings Plc ("Caspian" or "the Company") Completion of Stage 1 of Zhengeldy Workover Programme Caspian has completed the first stage of the workover programme at the Zhengeldyoilfield in Kazakhstan. Under this programme cement repair jobs have beencompleted on wells 106 and 107 and new perforations have been shot in in wells107, 114, 115 and 123. Well Net Pay in target level (m) Perforation Level (m) 106 6 238-241 107 8 227-231 114 4 348-351 115 5 157-159 123 11 314-316 Oil production rates from these wells will be tested during December. In theevent that well 115 tests positive flow rates, well 116 will also be perforatedat the same level. Following identification of larger net pays in producing wells 111 and 112increased perforations will be shot in these wells in January 2006. Caspian Holdings is still awaiting a decision from the Kazakhstan Ministry ofEnergy on its extension license application, which, if approved will open up newexpansion opportunities for the Company. The market will be updated when adecision is confirmed. Ends Enquiries: Caspian Holdings Plc Hoodless Brennan Parkgreen CommunicationsMichael Masterman Luke Cairns Justine Howarth / Ana RibeiroT: +44 (0) 7791288381 T: +44 (0) 20 7538 1166 T: +44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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