Equity Research, Broker Reports, and media content on Caspian Sunrise PLC

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  • 08 Apr 22
WH Ireland: Caspian Sunrise (CASP) - Q1 Update

Caspian Sunrise announced yesterday (at 15:17) that: i) shallow well 142 will need a further side-track for reasons linked to the civil unrest in Kazakhstan in January; ii) the company's oil, being shipped through Russian pipelines and comingled with Russian oil, is being priced at a discount of $25-35/b; iii) subject to corporate resolutions and court approvals, the company intends to start paying a quarterly dividend in July 2022; iv) production at the end of March amounted to 2,142 b/d and th

Companies: Caspian Sunrise PLC
  • 07 Apr 22
Auctus on Friday - 08/04/2022

AUCTUS PUBLICATIONS ________________________________________ Looking at E&P Free Cash Flow - While companies still carry hedges contracted at lower prices, we estimate our producer universe will generate ~25% FCF yield (defined as FCF/EV) in 2022 at ~US$100/bbl. At just US$70/bbl, the overall FCF yield is estimated at 15% for 2023 and >20% for 2024. Assuming US$110/bbl, this increases further to ~40% for each of 2023 and 2024. At YE24, balance sheet net cash, after paying shareholder distributio

Companies: SOU OMV OMV VOG TGL SNM CASP BLOK SHEL REP REP IGAS ENI ENI ECHO I3E CNE ALV ALV SDX GPRK GPRK LBE ADX AXL CE1 PEN PEN TAL PHAR TETY TETY EGY WEN

  • 22 Feb 22
WH Ireland: Caspian Sunrise (CASP) - 21p WHI Fair Value Estimate

Having reported 2021 production of 1,462 barrels of oil per day, investors can expect significant production growth from Caspian Sunrise's shallow oilfields, namely, the MJF and South Yelemes oilfields. Already, the company reported recent production (22 December 2022) of 2,300 barrels of oil per day – all from its shallow MJF field – after bringing its first two horizontal wells onstream. The company continues to advance well completion methodologies that are intended to unlock the world-class

Companies: Caspian Sunrise PLC
  • 18 Feb 22
Auctus on Friday - 18/02/2022

AUCTUS PUBLICATIONS ________________________________________ PetroTal (PTAL LN/TAL CN)C: Target price increased from £0.55to £0.70 per share: Very material reserves increase – YE21 1P, 2P and 3P reserves were ~37 mmbbl, 78 mmbbl and147 mmbbl respectively. This represents increases of 68%, 53% and 39% respectively, compared to YE20. The uplift reflects (1) an increase of the original oil in place (1P: +5%, 2P: +7%, 3P: +7%) and (2) an increase in the recovery factors of 18% (from 11%), 22% (from

Companies: WEN PPC HUR SHEL CASP TAL REP REP RHC RHC TLW

  • 15 Feb 22
WH Ireland: Caspian Sunrise (CASP) - Proposed Debt Conversion

Caspian Sunrise announced that it will shortly be posting to Shareholders a Circular regarding a proposed Debt Conversion in respect of the Company's Oraziman Family Loan of approximately US$6.2m. The Independent Directors have, subject to Independent Caspian Sunrise Shareholder approval and regulatory consent, agreed to convert the Oraziman Family loan of approximately US$6.2m into 139,729,446 Ordinary Shares in the Company, as per the company's announcement 6 August 2021.

Companies: Caspian Sunrise PLC
  • 28 Jan 22
Auctus on Friday - 28/01/2022

AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.30 per share: Production on track. Drilling to start in Colombia in March. Potential additional well in Canada – Overall net production of 1,320 boe/d (as at 01/01/2022) is in line with our expectations of ~1,110 boe/d in 1Q22 (our forecasts exclude any contribution of the Capella field that is currently producing 191 bbl/d and that we anticipate will be sold). Overall net production

Companies: NOG WPL TTE TRIN TLW TGL SAVE CASP CNE CNE JSE IOG AXL ENI ENI GTE AKRBP AKERBP BLOK CEG GPRK GPRK PEN PEN WEN

  • 25 Jan 22
Hybridan Small Cap Feast 25/01/2022

Joiners: No Joiners Today. Leavers: Rutherford Health has left the AQSE and Prime People has left AIM. What’s cooking in the IPO kitchen? ACP Energy plc, a company formed for the purpose of undertaking an acquisition or acquisitions of a majority interest in a company, business or asset, seeking to join the Main Market (Standard) The Company intends to focus on opportunities in the natural resources sector, raising gross proceeds of £830k. Due 28 Jan. Artemis Resources ltd, an ASX listed mining

Companies: STAF CASP EKF SAR LTG ERGO EDR BARK

  • 25 Jan 22
WH Ireland: Caspian Sunrise (CASP) - Deep Well Production at BNG

Caspian Sunrise announced (at 7:48AM) that its newly drilled deep well, Deep Well A8, on the Airshagyl structure produced from the first of three intervals planned for testing at a rate of 120 b/d of oil for several days.

Companies: Caspian Sunrise PLC
  • 07 Jan 22
Auctus on Friday - 07/01/2022

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C: Target price of A$0.0.40 per share: Discovery at Anshof-3 – A 9 m gross interval has been encountered at the primary Eocene oil target in the Anshof-3 well and a 20 m gross interval with strong gas shows has been encountered within imbricated Miocene formations. The intervals exhibited hydrocarbon shows indicative of moveable hydrocarbons based on the company’s extensive experience within the basin. The encountere

Companies: XOM XOM SHEL ADX CE1 CNE CASP GENL LBE MAHAA

  • 15 Oct 21
Auctus on Friday - 15/10/2020

AUCTUS PUBLICATIONS ________________________________________ Imperial Helium (IHC CN)C: Smaller resources but good well test results could suggest a commercial development – At the IHC-Steveville-2 well, a 12 metre zone was tested at a rate of ~2 mmcf/d. This zone is an interval equivalent to the blow-out zone in the offsetting 13-22 well. While the headline flow rate might appear low, it is in reality a good result that suggests that the well can be brought into production at 5-6 mmcf/d at leas

Companies: AKRBP AKERBP CASP GENL GTE HUR IHC KOS LUPE PEN PEN TAL RBD EGY DNO DNO JKX

  • 13 Oct 21
Caspian Sunrise (CASP) - Operational Update

In respect of the shallow MJF structure, Caspian Sunrise has announced strong continued production from horizontal Well 154 at approximately 600 b/d (on a reduced 7mm choke). The company further announced that drilling at Well 153, the second horizontal well after Well 154, is complete and is now being tested. The company indicated that it intends to redrill Well 144 and Well 146 also using horizontal drilling. The company announced daily production at the MJF structure is now running at approxi

Companies: Caspian Sunrise PLC
  • 21 Sep 21
Caspian Sunrise (CASP) - Interim Results

Caspian Sunrise announced its interim results for the six months ended 30 June 2021. For the six month period, the company reported revenue of $10.1m, gross profit of $7.7m, operating profit of $3.9m and profit before tax of $3.4m on production of 1,262 b/d of oil. 66% of oil production was sold into the export market during the period with the remainder sold into the domestic market.

Companies: Caspian Sunrise PLC
  • 06 Aug 21
SP Angel Oil & Gas Daily Flow: 06/08/21

Market update - 06/08/2021

Companies: TransGlobe Energy Corporation (TGL:TSE)Caspian Sunrise PLC (CASP:LON)
  • 04 Jun 21
Auctus on Friday - 04/06/2021

AUCTUS PUBLICATIONS Challenger Energy (IHC CN)C: Drilling update in Trinidad - Drilling of the top section of Saffron-2, though the Upper Cruse and upper parts of the Middle Cruse, has now been completed, with formations encountered in line with pre-drill expectations. The casing is being cemented deeper than the equivalent casing point for Saffron-1, providing a better foundation for drilling the deeper, primary targets. The next stage of the Saffron-2 well will evaluate the deeper Middle Crus

Companies: VOG SOU SAVE REP REP I3E FEC CNE CASP ALV CEG TAL PHAR

  • 03 Jun 21
Caspian Sunrise (CASP) - 3A Best farm out & first charter for Caspian Explorer

Caspian Sunrise announced that it has farmed out the outstanding work programme commitments in respect of the 3A Best contract area in return for a 15% interest in that contract area. The principal work commitment consists of drilling a 2,250m well at an expected cost of approximately $2.5M. The farmin partner will earn an option to acquire the remaining 85% of the 3A Best contract area at a price to be determined by an independent expert to be appointed by the parties should the option be exerc

Companies: Caspian Sunrise PLC

Caspian Sunrise PLC

Company Profile

  • Personnel
  • Kuat Rafikuly Oraziman, CEO

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Caspian Sunrise PLC. We currently have 98 research reports from 5 professional analysts.

  • Open: 3.00p
  • Range Today: 3.00/3.00p
  • 52 Week: 2.00/6.00p
  • Daily Volume: 300.0k
  • Daily Liquidity: 0.01%
  • # Shares: 2,250m
  • Market Cap: £67.5m
  • Latest PE (hist):
  • Div Yield:

Latest News/RNS

(more news)
Date Source Announcement
22Apr22 11:27 RNS Caspian Sunrise plc - Proposed cancellation of share premium account
08Apr22 09:05 RNS Caspian Sunrise plc - Second Price Monitoring Extn
08Apr22 09:00 RNS Caspian Sunrise plc - Price Monitoring Extension
07Apr22 15:17 RNS Caspian Sunrise plc - Review of Q1 2022
05Apr22 07:00 RNS Caspian Sunrise plc - Proposed cancellation of share premium account
09Mar22 14:12 RNS Caspian Sunrise plc - Debt Conversion and Operational Updates
15Feb22 07:00 RNS Caspian Sunrise plc - Proposed Debt Conversion and General Meeting
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  • 29 Apr 22
LIBERUM: Sylvania Platinum* - Production uplift coming


Companies: Sylvania Platinum Ltd.
  • 09 May 22
IOG - Forecast and valuation update

Forecast and valuation update

Companies: IOG PLC
  • 16 May 22
WH Ireland: Jubilee Metals (JLP) - Operational update

Jubilee today provides an operational update on the ongoing commissioning at the new Inyoni chrome and PGM plants with Jubilee building up to steady state production for nameplate capacity of 1.2Mt chrome concentrate and 44koz PGM production per year. Remember processing chrome creates the upgraded PGM tailings for Jubilee to recover the PGMs (Jubilee being paid a small margin to preconcentrate its own feed) and with the expanded Inyoni there is no need to share the PGM revenues via a JV struct

Companies: Jubilee Metals Group PLC
  • 03 May 22
IOG - Operational update

Operational update

Companies: IOG PLC
  • 28 Apr 22
WH Ireland: Alien Metals (UFO) - Strong progress made; more to come

Alien Metals has compiled a portfolio of high-profile, high-potential projects incorporating several commodities in two Tier 1 Mining jurisdictions. It is developing two DSO iron ore projects in Australia at Hancock and Brockman in the Pilbara of Western Australia. It also has a large historic undeveloped PGM resource at the Munni Munni project that encompasses the high-grade silver deposit at Elizabeth Hill and the polymetallic mineralisation that is yet to be properly defined, also in Australi

Companies: Alien Metals Ltd
  • 04 May 22
Active Net Zero Clean Energy Index - Recent Performance

In this note, we review the recent performance of the Active Net Zero Clean Energy Index. We also take a deeper dive into the composition of the Index in terms of market cap, constituent end market / business model and, finally, geographic exposure.

Companies: ATOM ADN DRX EQT GSF ITM IES NESF PHE SAE SIT STRLNG TLG VLS

  • 11 May 22
Site Visit Report

Last week Tamesis visited a number of Tharisa PLC's assets including the Tharisa Mine and Arxo Metals Beneficiation Site (AMBS) in South Africa and the Karo Platinum Project in Zimbabwe. Overall it was an extremely well received trip with evidence of efficiency improvements at the Tharisa mine, unexpected cash generation from the Vulcan Plant, further cash from the Salene Chrome Plant and, it also impressed on us that the Zimbabwe risk to the build out of Karo is lower than the market perhaps th

Companies: Tharisa Plc
  • 21 Apr 22
Hybridan Small Cap Feast 21/04/22

What’s cooking in the IPO kitchen? Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other forms of “new media”, Investment research providers, Financial PR, IR, design and marketing agencies, Production studios and visual content prov

Companies: BSE CFX DPP EOG SEE SOLI SML

  • 16 May 22
WH Ireland: Pantheon Resources (PANR) - Rig Contracted to Drill Alkaid #2

Pantheon Resources announced that it has contracted a rig (the Nabors 105AC) to the Alkaid #2 well, which the company indicated is scheduled to spud in July 2022. The company indicated that if the well is successful, Pantheon Resources will commence a long-term production test and truck and sell the produced oil to a nearby North Slope facility.

Companies: Pantheon Resources plc
  • 06 May 22
Sylvania Platinum - Forecasts unchanged and outlook improved

Sylvania’s end March 2022 cash balance improved by 25.5% to US$138m and Q322 revenue increased by 17% as a result of higher platinum group metal (PGM) prices. Production improvement was slower than expected, which put pressure on unit costs over the quarter. Most of the operational issues of Q322 have now been or are almost resolved, with the company expecting a ‘significant increase’ in production in the fourth quarter. The Lesedi plant is back in full production and the Mooinooi plant’s run-of

Companies: Sylvania Platinum Ltd.
  • 09 May 22
Morning Note – 9 May 2022


Companies: 4BB FOUR ARB IOF

  • 06 May 22
Auctus on Friday - 06/05/2022

Imperial Helium (IHC CN)C; Under review: Merger with Royal Helium to build a material player with discovered resources and huge upside - Imperial Helium is merging with Royal Helium with Imperial Helium shareholders set to hold ~30% of the combined entity. The share exchange ratio suggests a 10% premium to the Imperial Helium share price on the day prior to the announcement. Shareholders will vote on the transaction in June with completion expected in the 2nd half of June. Management, insiders a

Companies: XOM XOM TRIN SHEL RBD OEX NOG MATD ALV ALV IOG GTE FEC EQNR EQNR ENOG BP/ IHC PEN PEN SDX EGY

  • 12 May 22
SHORE CAPITAL - TOUCHSTONE EXPLORATION+ (TXP, 86p, House Stock) – Strong performance from legacy oil portfolio confirmed in first quarter results; pressing on towards initial gas production from Coho in June; forecasts maintained


Companies: Touchstone Exploration Inc
  • 11 May 22
WH Ireland: i3 Energy (I3E) - Dividend Increase

i3 Energy announced that it is increasing its minimum dividend to be paid in 2022 by 25% to £14.784m. The increase will be implemented by increasing the monthly dividend.

Companies: i3 Energy Plc
  • 12 May 22
WH Ireland: ARC Minerals (ARCM) - Signing a significant JV agreement with Anglo American

ARC has announced it has signed a JV agreement with Anglo American (LSE:AAL, Market Cap $45bn) over its Zambian licences. This has long been in the offing and we view the terms as advantageous to Arc and a validation of the prospectivity that it (and we) see in its licences. The headline JV payments are staged but could ultimately lead to Anglo owning 70% of the licences, by investing $74m in exploration and paying Arc $14.5m. The licences will be held under a JV which will have an initial ow

Companies: ARC Minerals Limited
Caspian Sunrise PLC is a Central Asian oil and gas exploration and production company with a focus on Kazakhstan. The company trades under the ticker Lon:Casp