LONDON: Caspian Sunrise Plc has entered into a conditional and binding term sheet with Absolute Resources LLP regarding the proposed disposal of the shallow MJF and South Yelemes Structures on the BNG contract area, which is located in the west of Kazakhstan, 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering…
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Caspian Sunrise nears $83 million asset sale to Absolute Resources
LONDON: Caspian Sunrise PLC is set to selling its MJF and South Yelemes structures within the BNG Contract Area to Absolute Resources LLP for $83 million. The exclusivity agreement, valid until 8 August 2024, could lead to a conditional sale and purchase agreement subject to regulatory and shareholder approval. The proposed sale would not include…
Caspian Sunrise acquires CS Energy LLP for $15 million
LONDON: Caspian Sunrise has announced the successful execution of documents for the acquisition of CS Energy LLP, the license holder of the West Shalva contract area, for a total consideration of up to $15 million. The acquisition hinges on several conditions, including the crucial approval from the company’s shareholders at the upcoming General Meeting scheduled…
Caspian Sunrise PLC
Caspian Sunrise share price: CASP 2.65 -0.1499 -5.36% : Caspian Sunrise PLC – MSN Money Caspian Sunrise PLC is an oil and gas exploration and production enterprise, rooted in Kazakhstan since its inception in October 2006. The company made its debut on the Alternative Investment Market (AIM) of the London Stock Exchange in May 2007.…
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…