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An announcement from Caspian Sunrise ( (GB:CASP) ) is now available.
Caspian Sunrise PLC has announced the commencement of drilling its first well in the West Shalva Contract Area, acquired earlier in 2025. The drilling targets Jurassic sandstone and Triassic limestone formations, with the well expected to reach a depth of 3,000 meters over two months. This development marks a significant step in the company’s expansion efforts, potentially increasing its oil production capabilities and impacting its market position.
More about Caspian Sunrise
Caspian Sunrise PLC operates in the oil and gas industry, focusing on exploration and production activities. The company is engaged in developing oil fields and has recently acquired the West Shalva Contract Area to expand its operations.
Technical Sentiment Signal: Sell
Current Market Cap: £50.61M
Find detailed analytics on CASP stock on TipRanks’ Stock Analysis page.