Caspian Sunrise announces sale of 50% stake in Caspian Explorer to Stepping Stone Investments

LONDON, UK: The Board of Caspian Sunrise, an oil and gas exploration company, is pleased to announce the conditional sale of 50% of the Caspian Explorer, a specialized drilling vessel, for a cash consideration of $22.5 million. The purchaser, Stepping Stone Investments Limited, is a company registered in the Seychelles. The sale is subject to…

Caspian Sunrise announces completion of the acquisition of Caspian Explorer

LONDON: The Board of Caspian Sunrise announced the acquisition of the Caspian Explorer is completed as re-registration of the shares in Prosperity Petroleum, the UAE company which is the sole shareholder of KC Caspian Explorer LLP the Kazakh registered entity which owns a 100 percent interest in the Caspian Explorer, has been finalized. The Caspian…