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Pin to quick picksCaspian Sunrise Share News (CASP)

Share Price Information for Caspian Sunrise (CASP)

London Stock Exchange
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Share Price: 3.35
Bid: 3.30
Ask: 3.40
Change: -0.05 (-1.47%)
Spread: 0.10 (3.03%)
Open: 3.40
High: 3.35
Low: 3.35
Prev. Close: 3.40
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TRADING UPDATES: Capita wins contract extension; RM notes challenges

Thu, 07th Apr 2022 22:02

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

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Capita PLC - London-based outsourcing services - Secures a two-year GBP50.6 million contract extension with Northern Ireland's Education Authority to deliver IT infrastructure and services for all of Northern Ireland's schools. This includes delivering local area networks, cloud services and service desk support. Capita says the extension builds on a 10-year relationship with the education authority.

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Augmentum Fintech PLC - investment company focussing on the financial technology sector - Notes that its investeee Grover, a Berlin-based consumer-technology subscription platform, has raised USD330 million in equity and debt funding. Augmentum says the new round values its stake in Grover at GBP42.7 million, up from GBP18.6 million at September 30. Adds the the implied valuation would represent an increase of 16.6 pence over the last published net asset value per ordinary share at September 30 of 147.7p.

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RM PLC - Abingdon, England-based provider of technology and resources to education sector - Says first quarter of 2022 has provided a "challenging backdrop" as a result of inflation and supply chain issues. Nonetheless, the company's full-year outlook remains unchanged. Net debt at March 31 is GBP39 million, up from GBP10 million at the same time the previous year.

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Caspian Sunrise PLC - Oxfordshire, England-based mining royalty company - Notes impact at well 142 as a results of civil unrest which began at the start of the year and impacted operational activity in January. Says it has not experienced any issues in transporting its oil as a result of Russian sanctions. Production at the MJF structure continues to grow, Caspian continues, with production at the end of March being approximately 2,142 barrels of oil per day. Targets to increase production to nearer 3,500 barrels of oil per day.

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Lekoil Ltd - Guernsey-based tin mining company focused on Nambia - Receives a winding up petition from Olalekan Akinyanmi regarding alleged "oppressive conduct" by the company, its directors and shareholders "seeking to engineer a takeover" and being in breach of financing and management agreements. Says it is taking legal advice to defend the claim.

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Supermarket Income REIT PLC - real estate investment trust dedicated to investing in supermarket property - Set to raise GBP175 million through a placing at an issue price of 121 pence per share. Additionally, announces a conditional offer for subscription through the PrimaryBid platform of shares at a price of 121 pence each. Company says this represents a 4.3% discount to the close price of 126.5p on Wednesday. Will use the funds to make additional investments, Supermarket Income explains.

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Burford Capital Ltd - London-based asset management firm - Announces a private offering of USD360 million of 6.9% senior notes due in 2030 by its wholly owned subsidiary Burford Capital Global Finance LLC. The offering is expected to close on April 11. Says it will use the proceeds for general corporate purposes, including the potential repayment of debt.

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ULS Technology PLC - Oxfordshire, England-based online platforms for conveyancing and financial intermediary markets - Changes its name to Smoove PLC. Company says rebranding amplifies its strategy to "simplify and revolutionise" the home moving ownership process. Its eConveyancer brand will remain, while its DigitalMove brand will be integrated into the wider eConveyancer and Smoove propositions.

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Chapel Down Group PLC - Kent, England-based wine maker- Wins new partnership with the England & Wales Cricket Board as its official sparkling down. Company says it is the first time the England & Wales Cricket Board have partnered with an English sparkling wine brand, with previous partnerships being with champagne.

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All Things Considered Group PLC - London-based music firm providing talent management, live booking and livestreaming - Expects 2021 results to be in line with expectations. Anticipates revenue and other operating income of GBP9.9 million, up 23% from GBP8.0 million in 2020. Expects an adjusted loss before tax and non-controlling interests of GBP2.8 million, widening from a loss of GBP400,000 the previous year. Says current trading outlook remains positive.

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Maintel Holdings PLC - London-based cloud and managed service specialist - Appoints Gabriel Pirona as chief financial officer from May 2. Prior to joining Maintel, Pirona was CFO at Agilisys, a London-based IT software and business services provider.

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PetroTal Corp - Calgary, Canada-based oil and gas company focused on Peru - Notes the Peruvian government has reached an agreement with a protest group which has been PetroTal's loading dock. The group has now lifted the blockade near the company's loading dock. Says its oil barge was ready to arrive within hours of the dock reopening. Adds first priority is to unload 90,000 barrels of crude oil before ramping production back up over a five to seven day period. PetroTal produced over 1 million barrels of oil in the first quarter of 2022 despite, the company notes, being significantly constrained for most of March.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
12 Jun 2023 14:57

Caspian Sunrise agrees sale of 50pc of Explorer vessel

(Sharecast News) - Gas and oil explorer Caspian Sunrise announced the conditional sale of a 50% stake in the Caspian Explorer drilling vessel for cash consideration of $22.5m on Monday.

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12 Jun 2023 11:55

Caspian Sunrise sells 50% of Caspian Explorer; well hit by sanctions

(Alliance News) - Caspian Sunrise on Monday said it sold 50% of the Caspian Explorer to Stepping Stone Investments Ltd.

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7 Mar 2023 17:11

TRADING UPDATES: Caspian Sunrise signs charter contract, eyes further

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

Read more
7 Mar 2023 16:47

Caspian Sunrise agrees first major hire of Explorer rig

(Sharecast News) - Caspian Sunrise announced the signing a contract chartering the Caspian Explorer, its bespoke drilling vessel, to the Isatay Operating Company on Tuesday, for a well set to be drilled in summer 2024.

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20 Feb 2023 13:26

IN BRIEF: Caspian Sunrise says 2024 charter agreement terms finalised

Caspian Sunrise PLC - oil and gas exploration company operating in Central Asia, especially in Kazakhstan - Says the terms of the charter agreement for the drilling vessel Caspian Explorer, previously announced for 2024 in mid-January, have now been agreed. Says the formal signing is scheduled for late March.

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30 Jan 2023 12:12

Caspian Sunrise notes oil flow at deep well 802 before completion

(Alliance News) - Caspian Sunrise PLC on Monday said that its deep well 802 at the BNG contract area in the south-west of Kazakhstan is flowing at between 700 to 900 barrels of oil per day, as oil was discovered before the well was completed.

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16 Jan 2023 11:51

IN BRIEF: Caspian Sunrise shares up on tender win to drill well

Caspian Sunrise PLC - Kazakhstan-focused oil & gas exploration and production company - Says its bespoke drilling vessel Caspian Explorer wins a tender to drill a deep well in the Caspian Sea, with the formal contract expected to be signed by the end of February. Says the well is scheduled to be drilled in the summer of 2024, to a planned depth of 2,500 meters. Expects work to take about two months.

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22 Dec 2022 10:51

Caspian Sunrise expecting deep well drilling results by end of January

(Alliance News) - Caspian Sunrise PLC on Thursday said drilling continued in its deep wells, as work progresses to increase shallow well production.

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11 Nov 2022 08:42

LONDON MARKET OPEN: Prudential and miners rise on positive China news

(Alliance News) - China exposed stocks led the way in London on Friday morning, while the pound continued to get a boost from a cooler-than-expected US inflation reading, despite glum UK economic figures.

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7 Nov 2022 10:47

AIM WINNERS & LOSERS: PayPoint buys Appreciate; Joules sinks

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

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4 Nov 2022 13:48

Caspian Sunrise declares its first ever dividend

(Sharecast News) - Caspian Sunrise declared its maiden dividend, as well as the creation of a new oil trading division, in an update on Friday.

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4 Nov 2022 11:04

AIM WINNERS & LOSERS: Enwell loses Ukraine license; Thor strikes gold

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

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4 Nov 2022 10:58

Caspian Sunrise shares soar on plan to avoid Russia price discount

(Alliance News) - Caspian Sunrise PLC on Thursday announced the creation of a new oil trading division, updated on its current operations, and declared a maiden dividend of 0.04 pence per share.

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26 Sep 2022 13:38

EARNINGS UPDATES: Devolver Digital and Jangada swing to interim loss

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

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27 Jun 2022 11:29

AIM WINNERS & LOSERS: CareTech accepts offer; Caspian loss widens

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

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