/KASE, December 19, 2023/ – Zhaikmunai (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated December 19, 2023:
quote
Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC ("Nostrum" or the
"Company", together with its subsidiaries, the "Group"), an independent oil and
gas company engaged in oil and gas production, exploration and development of
oil and gas fields in the Caspian Sea pool, says that Nostrum has commenced
well No.301 re-entry drilling, the first of a two well re-entry drilling
programme at its Chinarevskoye field, to be executed over 2023-2024. This is in
line with the licence commitments and field development plan of the Company’s
subsidiary Zhaikmunai LLP. The programme will leverage existing wellbores to
reduce costs and carries a level of uncertainties and risks as the planned
subsurface targets contain multiple exploration, appraisal, and development
objectives.
The well No.301 drilling and completion duration is estimated at 90 days with
start-up expected mid-2024. After drilling well No.301 the rig will move to well
No.41 for a sidetrack, with a 90 day drilling and completion duration and if
successful, the well will be completed and brought on line in Q3 2024.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/ZHMN/zhmn_information_191223.pdf
[2023-12-19]