Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Caspian Sunrise ( (GB:CASP) ) has issued an update.
Caspian Sunrise PLC reported its financial and operational results for 2024, highlighting total revenues of $52.3 million, with significant contributions from oil trading and services. The company completed the sale of its shallow structures at the BNG Contract Area for $88 million, which impacted its production strategy. Despite regulatory delays and declining production volumes, the company increased its revenues and profits. The acquisition of the West Shalva Contract Area and the award of a 25-year production license on the Airshagyl structure are expected to bolster future operations. The company is focused on developing its existing assets and exploring new mineral acquisitions.
More about Caspian Sunrise
Caspian Sunrise PLC is engaged in oil exploration and production, oil trading, and both onshore and offshore oilfield services, with a focus on operations in Kazakhstan. The company is also involved in mineral exploration and production, as well as other commercial projects.
Technical Sentiment Signal: Sell
Current Market Cap: £50.61M
See more data about CASP stock on TipRanks’ Stock Analysis page.