Caspian Sunrise reported strong production (2,288 b/d), earnings ($7.3M; EPS 0.33 $US cents) and cashflow ($10.1M) in its half-year results – easily the strongest results ever reported by the company. Admittedly, the situation in Kazakhstan is dynamic due to ongoing war in Ukraine. The company announced that it intends to acquire Block 8 (160km from BNG) for a maximum consideration of $60M, payable in cash from the future production from Block 8 at a rate of $5 per barrel of oil produced. We are ....
26 Sep 2022
WH Ireland: Caspian Sunrise (CASP) - Strong Interims and Intention to Acquire Block 8
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WH Ireland: Caspian Sunrise (CASP) - Strong Interims and Intention to Acquire Block 8
Caspian Sunrise PLC (CASP:LON) | 3.0 0 1.7% | Mkt Cap: 66.4m
- Published:
26 Sep 2022 -
Author:
Brendan Long -
Pages:
4
Caspian Sunrise reported strong production (2,288 b/d), earnings ($7.3M; EPS 0.33 $US cents) and cashflow ($10.1M) in its half-year results – easily the strongest results ever reported by the company. Admittedly, the situation in Kazakhstan is dynamic due to ongoing war in Ukraine. The company announced that it intends to acquire Block 8 (160km from BNG) for a maximum consideration of $60M, payable in cash from the future production from Block 8 at a rate of $5 per barrel of oil produced. We are ....