Caspian Sunrise plc

Equities

CASP

GB00B1W0VW36

Oil & Gas Exploration and Production

Delayed London S.E. Other stock markets 13:30:21 20/05/2024 BST			5-day change	1st Jan Change
3.48 ^GBX	-1.97%		+3.88%	+39.20%

05-14	EARNINGS AND TRADING: Various Eateries and Luceco see sales climb	AN
05-14	Caspian Sunrise to Sell Kazakhstan Assets for $83 Million	MT

Caspian Sunrise sells 50% of Caspian Explorer; well hit by sanctions

June 12, 2023 at 11:56 am

(Alliance News) - Caspian Sunrise on Monday said it sold 50% of the Caspian Explorer to Stepping Stone Investments Ltd.

The Kazakhstan-focused oil and gas exploration and production company said it sold 50% of the shares in the United Arab Emirates-registered Prosperity Petroleum FZE, a holding company in the Kazakh-registered KC Caspian Explorer LLP, which owns the Caspian Explorer drilling vessel.

The sale was for USD22.5 million.

Meanwhile, the company said that work at its deep well 802 on the Yelemes Deep structure in Kazakhstan was suspended due to sanctions on Russia and now needs to be sourced via China "with much longer lead times".

It added that deep well 803, also on the Yelemes Deep structure, is planned to spud in the third quarter of 2023.

Caspian Sunrise shares fell 6.9% to 5.12 pence each on Monday morning in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
US DOLLAR / RUSSIAN ROUBLE	90.59 RUB	-0.51%	-1.95%	-
BRENT CRUDE OIL SPOT	83.63 USD	-0.11%	+1.22%	-
WTI	79.24 USD	-0.15%	+1.76%	-
CASPIAN SUNRISE PLC	3.48 GBX	-1.97%	+3.88%	102M
SUNRISE SHARES HOLDINGS LTD.	0.018 SGD	-5.26%	-5.26%	3.95M

Latest news about Caspian Sunrise plc

EARNINGS AND TRADING: Various Eateries and Luceco see sales climb	05-14	AN
Caspian Sunrise to Sell Kazakhstan Assets for $83 Million	05-14	MT
Caspian Sunrise seeks to acquire "less challenging" oil licences	04-08	AN
Caspian Sunrise Advances Planned Acquisition of CS Energy	04-08	MT
Caspian Sunrise considers sale of BNG contract area	03-25	AN
AIM WINNERS & LOSERS: ImmuPharma order doubles; Aeorema swings to loss	03-25	AN
FTSE 100 treads water, FTSE 250 declines	03-25	AN
Caspian Sunrise MJF Well 142 returns to production	02-16	AN
Caspian Sunrise Resumes Production at Well 142 in Kazakhstan Site, Boosts Oil Output	02-16	MT
Caspian Sunrise plc Announces BNG Operational Update	02-16	CI
Caspian Sunrise shares fall as interval tested at well not commercial	12-21	AN
Zotefams wins Nike deal; Serinus in licence extension	31/10/23	AN
Caspian Sunrise interim results weakened by sanctions on Russia	25/09/23	AN
Earnings Flash (CASP.L) CASPIAN SUNRISE Reports H1 Revenue $17.3M	25/09/23	MT
Caspian Sunrise plc Reports Earnings Results for the Half Year Ended June 30, 2023	25/09/23	CI
FTSE 100 Reaches Two-Month High Lifted by Miners, Oil-Exposed Stocks	31/07/23	DJ
Ingenta to meet expectations; Glantus beating them	31/07/23	AN
Caspian Sunrise plc Announces Resignation of Edmund Limerick as A Director	10/07/23	CI
Hard to See Reason for Sterling to Fall For Now	07/07/23	DJ
UK Recession Would Bring Down Gilt Yields	07/07/23	DJ
AIM WINNERS & LOSERS: Aptamer shares claw back some lost ground	07/07/23	AN
Caspian Sunrise jumps 60% as share resume trading after earnings out	07/07/23	AN
Earnings Flash (CASP.L) CASPIAN SUNRISE Posts FY22 Revenue $42.9M	07/07/23	MT
Earnings Flash (CASP.L) CASPIAN SUNRISE Posts FY22 EPS $0.00	07/07/23	MT
Caspian Sunrise plc Reports Earnings Results for the Full Year Ended December 31, 2022	07/07/23	CI

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Company Profile

Caspian Sunrise plc is a United Kingdom-based oil and gas exploration and production company. The Company owns and operates the Caspian Explorer, a drilling vessel specifically designed for operation in the shallow northern Caspian Sea. The Company also has its own drilling company, which on occasion works on projects. The Company operates through four segments: Oil & Gas assets, Drilling services by CTS, Drilling services by Caspian Explorer, and Corporate allocated. Oil & Gas assets segment is engaged in the oil exploration and production. Drilling services by CTS segment includes onshore drilling services in Kazakhstan provided by CTS LLP. Drilling services by Caspian Explorer segment includes offshore drilling services provided using the Caspian Explorer, Corporate allocated includes expenses corporate allocated.

Sector

Oil & Gas Exploration and Production

Calendar

25/06/2024 - Q4 2023 Earnings Release (Projected)

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