Caspian Sunrise (GB:CASP) has released an update.
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Caspian Sunrise is progressing with the $88 million sale of its MJF and South Yelemes structures, pivotal components in its BNG asset. The transaction, involving Absolute Resources LLP, has already seen initial payments and was overwhelmingly approved by shareholders. Completion is anticipated by the year’s end, marking a significant move for the company in the oil sector.
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