Caspian Sunrise Chairman Clive Carver gives us an in-depth update on exploration and strategy in Kazakhstan. A flow test is to start within days on the 3500 bpd A5 deep well, with Clive 'disappointed' if two other deep wells are not ready for testing 'in the next couple of quarters', giving '10,000 bpd within months not years'.
Or as House broker WH Ireland put it: 'This is the moment we were waiting for'.
Clive is confident this asset will prove of interest to one of the oil majors because of it's proximity to Tengiz, and says 'we need to have independently assessed reserves and 10,000 bpd in production if we are to get the price we think it's worth'.