Caspian Sunrise (GB:CASP) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Caspian Sunrise PLC has agreed to sell the shallow MJF and South Yelemes structures in the BNG Contract Area of Kazakhstan to Absolute Resources LLP for approximately $88 million in cash, with an additional $12 million advance payment expected shortly. The deep structures within the area are not included in the sale, which is subject to shareholder approval at a General Meeting set for September 26, 2024. The company believes the disposal will enable better use of resources to enhance long-term shareholder value.
For further insights into GB:CASP stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue