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An update from Caspian Sunrise ( (GB:CASP) ) is now available.
Caspian Sunrise PLC reported its unaudited interim results for the first half of 2025, highlighting a significant decline in revenue and profit compared to the previous year, largely due to the sale of its shallow structures at the BNG Contract Area for $88 million. The company is now focusing on developing its remaining assets, including the West Shalva Contract Area and deep structures at BNG, while awaiting regulatory approvals for further drilling and production licenses. The sale has impacted their operational strategy, shifting focus to new acquisitions and existing deep structures, which are expected to enhance future production capabilities.
More about Caspian Sunrise
Caspian Sunrise PLC is engaged in oil exploration and production, oil trading, onshore and offshore oilfield services, mineral exploration and production, and other commercial projects, primarily operating in Kazakhstan.
Technical Sentiment Signal: Sell
Current Market Cap: £50.61M
Find detailed analytics on CASP stock on TipRanks’ Stock Analysis page.