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Caspian Sunrise ( (GB:CASP) ) has provided an update.
Caspian Sunrise has announced the ongoing progress of its corporate transactions, particularly highlighting the $88 million disposal of the BNG Contract Area’s shallow MJF and South Yelemes structures. This transaction, pending regulatory approvals, is expected to significantly transform the company’s financial position and future prospects. The delay in regulatory consents may affect the timely publication of the 2024 financial statements, potentially leading to a suspension of the company’s share trading. Additionally, the acquisition of Procyon Investments Limited, which holds licenses for the Block 8 structure, is progressing slowly, with recent developments allowing work to proceed at the Sholkara structure.
More about Caspian Sunrise
Caspian Sunrise PLC is a company involved in the energy sector, focusing on oil and gas exploration and production. The company operates primarily in Kazakhstan, where it manages various oil fields and structures.
Average Trading Volume: 757,650
Technical Sentiment Signal: Sell
Current Market Cap: £61.21M
See more data about CASP stock on TipRanks’ Stock Analysis page.