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Pin to quick picksCaspian Sunrise Share News (CASP)

Share Price Information for Caspian Sunrise (CASP)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 3.60
Bid: 3.50
Ask: 3.70
Change: 0.15 (4.35%)
Spread: 0.20 (5.714%)
Open: 3.45
High: 3.60
Low: 3.45
Prev. Close: 3.45
CASP Live PriceLast checked at -

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AIM WINNERS & LOSERS: Aptamer shares claw back some lost ground

Fri, 07th Jul 2023 10:37

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Caspian Sunrise PLC, up 45% at 4.00 pence, 12-month range 2.06p-8.6p. The Kazakhstan-focused oil and gas exploration and production company resumes trading following the publication of its 2022 results. Shares had been suspended since Monday, after Caspian missed last Friday's six-month deadline. Says it swung to a pretax profit of USD12.3 million in 2022 from a loss of USD4.8 million in 2021, as revenue nearly doubled to USD42.9 million from USD25.0 million. Last Friday, the firm said it was suspending dividends, due to the adverse impact of the war in Ukraine on its revenue, which had sent its shares down 26%.

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Aptamer Group PLC, up 29% at 5.48p, 12-month range 3.01p-100p. The custom affinity binder developer announced contract wins for up to GBP507,000 over the next six months. Its shares had come under selling pressure on Tuesday after it warned it was running low on cash, and expected a double-digit percentage decline in revenue in its recently-concluded financial year. "In addition to trading income, further funding will be required in the short-term in order to continue as a going concern," the firm reiterates. Its stock is still down 23% this week.

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AIM - LOSERS

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Quadrise PLC, down 34% at 1.25p, 12-month range 0.9p-2.8p. The residual oil technology company says it intends to conduct a placing of 140 million shares at 1.25 pence to raise no less than GBP1.0 million. The issue price is a 34% discount to the closing price of 1.90p on Thursday. Also launches open offer to shareholders of up to a maximum of GBP2.3 million. Says fundraise is to progress operations and active projects and will strengthen its balance sheet. Says placing will strengthen its balance sheet and is in the best interest of the company and shareholders.

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Helium One Global Ltd, down 6.3% at 5.20p, 12-month range 4.32p-9.3p. The Tanzania-focused helium explorer continues to have concerns about the lack of operational and contractual progress regarding its letter of intent with drilling contractor SOFORI. As a result, it has issued SOFORI a rectification notice. Says it is reviewing and progressing with a number of alternative options that will still allow it to meet its targeted drilling of the Tai-C well in the event that SOFORI does not fulfil the obligations outlined in the rectification notice.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Apr 2024 14:30

Caspian Sunrise seeks to acquire "less challenging" oil licences

(Alliance News) - Caspian Sunrise PLC on Monday said it is in the preliminary stages of acquiring CS Energy LLP and its accompanying licence.

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25 Mar 2024 11:44

IN BRIEF: Caspian Sunrise considers sale of BNG contract area

Caspian Sunrise PLC - Kazakhstan-focused oil and gas exploration and production company - Says it is mulling the sale of all or part of the BNG contract area's shallow structures at "indicative prices potentially significantly greater than its current carrying value". Says any deal would likely require shareholder approval due to its size of the transaction value relative to the group. "We believe this heightened level of corporate interest in BNG's producing shallow structures is in part the result of the changes last year to the Kazakh oil trading regulations, which now require the production of oil to obtain a trading licence, and the relative scarcity of producing fields with full production licences. The sharp reduction in the discount for international sales referred to below may also have had an effect," the company says. Caspian Sunrise says no binding agreements have been entered into and there is no certainty that discussions will lead to a firm offer or that the board would put an offer before shareholders.

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25 Mar 2024 10:55

AIM WINNERS & LOSERS: ImmuPharma order doubles; Aeorema swings to loss

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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25 Mar 2024 09:04

LONDON MARKET OPEN: FTSE 100 treads water, FTSE 250 declines

(Alliance News) - The FTSE 100 in London traded flat early Monday, while the pound remained below the USD1.26 mark, as Bank of England Governor Andrew Bailey suggested rate cuts may happen soon.

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16 Feb 2024 16:27

IN BRIEF: Caspian Sunrise MJF Well 142 returns to production

Caspian Sunrise PLC - Kazakhstan-focused oil and gas exploration and production company - Reports that the best performing MJF Well 142 on the BNG contract area returns to production after a 12-month absence. Says production is currently approximately 1,900 barrels of oil per day. Adds that the rig in use at Well 142 will now be used to spud Well 155, which is the final shallow well under the current BNG work programme. The intention at Well 141 is to resume work by first removing approximately 27 meters of stuck pipes, before drilling a horizontal side-track. Chair Clive Carver says: "With the return of Well 142 production levels are moving in the right direction."

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16 Feb 2024 13:24

Caspian Sunrise reports progress at BNG contract area

(Sharecast News) - Caspian Sunrise updated the market on operations at the BNG contract area on Friday, reporting that well 142, a key asset on the MJF structure, had resumed production after more than 12 months.

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21 Dec 2023 15:02

Caspian Sunrise shares fall as interval tested at well not commercial

(Alliance News) - Caspian Sunrise PLC on Thursday said that the interval tested at a well was not commercial.

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31 Oct 2023 14:26

TRADING UPDATES: Zotefams wins Nike deal; Serinus in licence extension

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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31 Oct 2023 12:55

Sanctions still impacting Caspian Sunrise operations

(Sharecast News) - Caspian Sunrise said in an operational update on Tuesday that while neither the UK nor the EU had imposed sanctions on oil produced in Kazakhstan and transported via the Russian pipeline network, sanctions on Russia were having a significant impact on its operations.

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25 Sep 2023 10:38

Caspian Sunrise interim results weakened by sanctions on Russia

(Alliance News) - Caspian Sunrise PLC on Monday said a "tougher" operating period affected by sanctions against Russia affected its interim profit and revenue.

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31 Jul 2023 13:32

TRADING UPDATES: Ingenta to meet expectations; Glantus beating them

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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7 Jul 2023 09:49

Caspian Sunrise jumps 60% as share resume trading after earnings out

(Alliance News) - Shares in Caspian Sunrise PLC rose 60% early Friday in London, after the company released its 2022 results, allowing the stock to resume trading on AIM.

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30 Jun 2023 10:50

Caspian Sunrise shares slump as rules out more dividends for 2023

(Alliance News) - Caspian Sunrise PLC on Friday said it has suspended future dividend payments and expects to see a loss in revenue as the Russia-Ukraine conflict looms.

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