Testing at the West Shalva Contract Area
Caspian Sunrise plc has provided an update on testing at its West Shalva Contract Area, acquired in April 2025 for an initial $5 million. A well spudded in October 2025 at a depth of approximately 2,250 meters produced oil with high paraffin content and a +32 degree Celsius pour point, preventing sustained flow rate testing without heat treatment and pumps. The company plans to deepen the well to 3,400 meters to test Triassic reservoirs, with the option to produce from the shallower interval if the deeper zone is not commercial.
Select text to share a quote on X · sign in to keep highlights & notes in your CASP notes
The Board of Caspian Sunrise is pleased to update shareholders with news of testing at the West Shalva Contract Area.
Background
The Group acquired the West Shalva Contract Area in April 2025 for an initial consideration of $5 million and a maximum consideration of $15 million.
The West Shalva Contract Area extends over 25 sq. km and is located approximately 600 km south of the Group's BNG and Block 8 Contract Areas.
Testing
A well with an initial planned total depth of 3,000 meters was spudded in October 2025. A 5 meter interval at a depth of approximately 2,250 meters has been flow tested and produced high paraffin contents oil (about 20%) with +32 degree Celsius pour point temperature
Further testing at this interval will require heat treatment and pumps given the current low temperatures in the field as the solidification of paraffin in the well prevented accurately testing the flow rate for a sustained period.
The plan is now to deepen the well to a depth of approximately 3,400 meters to test an interval where potentially greater volumes of oil could be produced from Triassic reservoirs. However, in the event the deeper interval is not commercial the intention is to produce from the interval at 2,250 meters.
This announcement has been posted to:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.