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Caspian Sunrise ( (GB:CASP) ) just unveiled an announcement.
Caspian Sunrise has received regulatory consent for the $88 million sale of its MJF and South Yelemes structures, marking a significant step in the disposal process. The proceeds from this sale will be allocated to further develop existing projects, fund new initiatives, and support general working capital, potentially lifting the suspension of the company’s share trading once financial audits are completed.
More about Caspian Sunrise
Caspian Sunrise PLC operates in the oil and gas industry, focusing on the exploration and development of energy resources. The company is involved in various projects, including the BNG deep structures and the West Shalva Contract Area, with a market focus on expanding its operational capabilities and resource base.
Average Trading Volume: 808,369
Technical Sentiment Signal: Sell
Current Market Cap: £50.61M
Find detailed analytics on CASP stock on TipRanks’ Stock Analysis page.