IN BRIEF: Caspian Sunrise obtains Kazakh permission for four new wells

Caspian Sunrise PLC - mining company focused on Kazakhstan's oil and gas sector - Announces that Kazakh authorities grant permission for four new wells on the BNG contract area in addition to the wells already drilled or started. Caspian Sunrise says under terms of the BNG appraisal licences issued in December at Yelemes Deep it has an obligation to complete three deep wells by the end of 2027 to be eligible to upgrade for a full production licence. The four new wells include two new deep wells at the Yelemes Deep structure targeting Permian limestone, a new shallower well at the Yelemes Deep structure targeting Triassic sandstone and a new shallow well on a potential new shallow structure LK6 targeting Cretaceous Point Bar Sandstone.

Current stock price: 2.29 pence each, down 0.7% on Monday afternoon in London

12-month change: down 12%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Caspian Sunrise