Caspian Sunrise Advances Block 8 Acquisition and BNG Structures Sale

An update from Caspian Sunrise ( (GB:CASP) ) is now available.

Caspian Sunrise PLC has announced progress in its acquisition of the Block 8 Contract Area and the sale of the MJF and South Yelemes shallow structures. The company is moving forward with the Block 8 acquisition based on the Sholkara licence, despite challenges with the Akkaduk licence renewal. Additionally, the sale of the BNG Contract Area’s shallow structures is proceeding, with regulatory consents being the main hurdle to completion.

More about Caspian Sunrise

Caspian Sunrise PLC operates in the oil and gas industry, focusing on the exploration and production of hydrocarbons. The company is primarily involved in the development of oil fields in Kazakhstan, with a market focus on expanding its asset base and optimizing production capabilities.

YTD Price Performance: -9.84%

Average Trading Volume: 748,363

Technical Sentiment Signal: Buy

Current Market Cap: £64.74M

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