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Caspian Sunrise Completes Strategic Asset Sale and Plans Trading Resumption

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Caspian Sunrise Completes Strategic Asset Sale and Plans Trading Resumption

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Caspian Sunrise ( (GB:CASP) ) has provided an announcement.

Caspian Sunrise has completed the sale of the BNG shallow MJF and South Yelemes structures, receiving $69.1 million to date, with further payments scheduled to reduce historic cost obligations. The company plans to publish its 2024 audited accounts soon, anticipating the resumption of trading in its shares.

More about Caspian Sunrise

Caspian Sunrise PLC operates in the energy sector, focusing on oil and gas exploration and production. The company is involved in the development of various oil fields, primarily in Kazakhstan, and aims to enhance its market position through strategic transactions and operational improvements.

Average Trading Volume: 1,079,865

Technical Sentiment Signal: Sell

Current Market Cap: £50.61M

For a thorough assessment of CASP stock, go to TipRanks’ Stock Analysis page.

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