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Pin to quick picksCaspian Sunrise Share News (CASP)

Share Price Information for Caspian Sunrise (CASP)

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Share Price: 3.35
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Ask: 3.40
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AIM WINNERS & LOSERS: CareTech accepts offer; Caspian loss widens

Mon, 27th Jun 2022 11:29

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

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AIM - WINNERS

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Inspirit Energy Holdings PLC, up 48% at 0.044p, 12-month range 0.02p-0.08p. The heat and power appliances manufacturer says waste heat recovery system achieved record output in a test. The system is a major component in the application for the Volvo Marine engine and other heat recovery applications. The unit, which is being built and tested in Poland, recycles waste heat exhaust and converts it to energy. Inspirit says that the unit has provided the highest recorded output of over 30 kilowatt in the first-stage build test period. The company calls this "a remarkable achievement in Inspirit's history".

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CareTech Holdings PLC, up 21% at 739.00p, 12-month range 530.00p-773.00p. The residential social care and education services provider accepts a GBP870.3 million takeover bid from consortium that includes its founders. The offer from Amalfi Bidco Ltd, a consortium which features CareTech founders Farouq and Haroon Sheikh and THCP Advisory Ltd, has support of over 50% of shareholders. The consortium will pay 750p cash per share, a 28% premium to CareTech's share price on March 4, the day before the Sheikh brothers said they were in the "early stages" of forming a takeover consortium. The Sheikh consortium in April lifted its takeover proposal to 750p from 725p previously. CareTech had already been "minded to recommend" that 725p offer, the Sheikh brothers noted in April.

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Big Technologies PLC, up 6.7% at 257.90p, 12-month range 188.21p-385.00p. Berenberg starts coverage on the monitoring technology firm with a 'buy' rating.

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AIM - LOSERS

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Caspian Sunrise PLC, down 12% at 4.50, 12-month range 2.10p-5.90p. The oil and gas explorer posts higher loss for 2021 as it took an impairment cost it did not have in 2020, but Caspian touts prospect of future dividends. Pretax loss widens to USD4.8 million from USD1.7 million in 2020. Revenue rises to USD25.0 million from USD14.3 million but is offset by an impairment cost on unproven oil and gas assets of USD12.5 million, versus no such charge in 2020. Selling expenses nearly double to USD7.6 million from USD3.9 million.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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11 Jul 2019 14:30

Caspian Sunrise Upgrades MJF Licence To Sell Oil For Higher Price

(Alliance News) - Caspian Sunrise PLC on Thursday said it has received the "much anticipated" MJF licence upgrade, securing the right to sell the majority of oil, produced from the the a

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21 Jun 2019 12:14

Caspian Sunrise Clears Another Hurdle For MJF Licence In Kazakhstan

(Alliance News) - Caspian Sunrise PLC on Friday said it has received the signed protocol from the Ministry of Energy for the MJF licence in Kazakhstan.Shares in Caspian Sunrise were up 5.1%

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21 Jun 2019 09:21

Caspian Sunrise clears 'final major hurdle' in MJF licence upgrade

(Sharecast News) - Caspian Sunrise updated the market on its flagship BNG asset on Friday, confirming that the signed protocol from the Kazakhstan Ministry of Energy has been received.

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19 Jun 2019 12:30

Caspian Sunrise BNG Interval Larger Than Previously Believed

(Alliance News) - Caspian Sunrise PLC on Wednesday reported the "very good news" that an interval at the BNG asset in western Kazakhstan is larger than previously thought.Earlier

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19 Jun 2019 11:23

Caspian Sunrise pleased with progress at BNG asset

(Sharecast News) - Caspian Sunrise updated the market on operations at its flagship BNG asset on Wednesday, following its announcement that the interval of interest at Deep Well A8 extended 110 metres from a depth of 4,346 metres.

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7 Jun 2019 09:22

Caspian Sunrise Reports Oil Bearing Carbonate At A8 Well In Kazakhstan

LONDON (Alliance News) - Caspian Sunrise PLC on Friday said that initial drilling at its deep well A8 on the BNG asset in Kazakhstan showed it contains oil-bearing carbonate.Shares in the a

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4 Jun 2019 11:35

Caspian Sunrise Production Drops In May As Overworked Wells Decline

LONDON (Alliance News) - Caspian Sunrise PLC said production from shallow wells at its BNG asset in Kazakhstan declined in May as production from overworked wells fell particularly in the oil and

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29 May 2019 10:45

Latest Caspian Sunrise Drill Sample Continues Positive Indications

LONDON (Alliance News) - Caspian Sunrise PLC on Wednesday reported an encouraging result from a third sample from a well in western Kazakhstan.Caspian Sunrise spudded Deep Well A8 on the in

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28 May 2019 12:54

Caspian Sunrise Progresses On Collection Of Third Core Sample From BNG

LONDON (Alliance News) - Caspian Sunrise PLC on Tuesday said work has commenced to take a third core sample from Deep Well A8 on the Airshagyl structure at its flagship BNG contract area in Well a

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24 May 2019 10:31

Caspian Sunrise Trims Annual Loss, Sees Potential At BNG In Kazakhstan

LONDON (Alliance News) - Caspian Sunrise PLC on Friday said its loss narrowed slightly in 2018 following double-digit growth in revenue and a sharp reduction in operating expenses.In the A8

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10 May 2019 12:51

Aukett Swanke Hires appScatter Chair Carver As Independent Director

LONDON (Alliance News) - Aukett Swanke Group PLC on Friday said it appointed Clive Carver as an independent non-executive director.The architectural services company said Carver is a and as

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9 May 2019 14:04

Caspian Sunrise Recovers Oil Bearing Rock At Deep Well A8

LONDON (Alliance News) - Caspian Sunrise PLC on Thursday said it recovered an oil bearing rock, indicating the presence of an oil-bearing interval, at its deep well A8 in Kazakhstan.The was

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15 Apr 2019 10:45

Caspian Sunrise Reports Higher Production From BNG Shallow Wells

LONDON (Alliance News) - Caspian Sunrise PLC said on Monday it has achieved increased production at the shallow wells in its BNG contract area in Kazakhstan, and also reported progress on its deep

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13 Mar 2019 14:22

Caspian Sunrise Makes Steady Progress At BNG Licence In Kazakhstan

LONDON (Alliance News) - Caspian Sunrise PLC said Wednesday it is "pleased" with the steady progress it is making at its flagship BNG contract area in Kazakhstan.At the A5 deep to

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25 Jan 2019 13:34

Caspian Sunrise Appoints Lawyer Timothy Field To Board

LONDON (Alliance News) - Caspian Sunrise PLC said Friday that it has appointed Timothy Field as non-executive director with immediate effect.Field - a corporate lawyer - is currently the of

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