tiprankstipranks
Trending News
More News >

Caspian Sunrise Sells Kazakhstan Assets

Caspian Sunrise Sells Kazakhstan Assets

Caspian Sunrise (GB:CASP) has released an update.

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1