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Caspian Sunrise ( (GB:CASP) ) just unveiled an announcement.
Caspian Sunrise PLC announced the extension of the Long Stop Date for the sale of its MJF and South Yelemes structures at the BNG Contract Area to Absolute Resources LLP. The deal, valued at $88 million, is progressing with $14 million already received, and the completion date is now set for 28 February 2025. This disposal is expected to impact the company’s operations by reallocating resources and potentially enhancing its strategic focus.
More about Caspian Sunrise
Caspian Sunrise PLC operates in the oil and gas industry, focusing on exploration and production activities. The company is involved in the development of hydrocarbon resources and operates within various contract areas, including the BNG Contract Area.
Average Trading Volume: 796,391
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £68.78M
See more insights into CASP stock on TipRanks’ Stock Analysis page.