/KASE, April 3, 2024/ – Zhaikmunai LLP (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated April 2, 2024:
quote
Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC ("Nostrum" or "the
Company" and together with its subsidiaries "the Group"), an independent oil and
gas company engaging in the production, development and exploration of oil and
gas in the pre-Caspian Basin, is pleased to provide an update on Nostrum’s well
No.301 re-entry drilling operations, the first of a two well re-entry drilling
programme at its Chinarevskoye field to be completed in 2024.
The well No.301, reaching a total depth of 4,980 meters, has been drilled on
time and on budget and is awaiting completion operations with start-up expected
mid- 2024. It had multiple in-fill targets across the Carboniferous and Devonian
age reservoirs. Hydrocarbons (oil, gascondensate) have been encountered across
3 key intervals. The results are in line with the Company’s expectations of
initial well rates of 400 to 700 boepd. The drilling rig will now move to the
next well, No.41, with expected spud mid-April and start-up in Q3 2024.
unquote
The complete press release in Russian and English has been published at –
https://kase.kz/files/emitters/ZHMN/zhmn_information_020424.pdf
[2024-04-03]