Zhaikmunai updates on appraisal campaign at Stepnoy Leopard fields

03.04.24 11:28
/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 appraisal operations at the Stepnoy Leopard Fields which commenced in September 2023 and are expected to conclude in April 2024. The objective of the appraisal campaign was to re-enter the existing Tepl-72 & 74 wells in the Artinskian carbonate reservoir (Teplovskoye) and take representative fluid samples, and conduct Extended Well Testing. The well appraisal operations are nearly complete and significant data has been collected that includes well flow rates, fluid contacts, and fluid and reservoir properties across a logged interval with c. 50-meter of net-pay. The flow-rate and pressure build-up tests confirm high well productivity potential with peak rate indications of c. 20 mmcfd and 600 bcpd in a 3 ½" tubing. The Company believes that the positive results obtained to date support the commercial potential of the field. unquote The complete press release in Russian and English has been published at – https://kase.kz/files/emitters/ZHMN/zhmn_reliz_020424_1.pdf [2024-04-03]