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Corporate update

27 Aug 2025 08:43

RNS Number : 8428W
Caspian Sunrise plc
27 August 2025
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company" and together with its subsidiaries, the "Group")

Corporate update

Completion of the transfer of the MJF and South Yelemes structures

 

The Directors of Caspian Sunrise are pleased to confirm that the sale of the entity created to transfer the BNG shallow MJF and South Yelemes structures has completed, with the full $69.1 million due to date received.

 

Of the remaining $18.9 million, $5.1million is due to be received in 12 monthly instalments commencing in Q1 2026 and $13.8 million is due to be paid direct by the new owners of the MJF and South Yelemes structures to the Kazakh authorities reducing the Caspian Sunrise Group's historic costs obligations.

 

Publication of the 2024 audited accounts and resumption of trading

 

The board expects to publish the 2024 audited accounts in the next few weeks, following which the suspension of trading in the Company's shares is expected to be lifted.

 

 

Contacts:

 

Zeus

 

James Joyce

+44 (0) 203 829 5000

James Bavister

Andrew de Andrade

 

This announcement has been posted to:

www.caspiansunrise.com/investors

 

The person responsible for arranging the release of this announcement on behalf of the Company is Clive Carver, Chairman of the Company.

 

This announcement has been posted to:

www.caspiansunrise.com/investors

 

 

 

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Date   Source Headline
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27th Jan 20117:00 amRNSOperational Update
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8th Sep 20107:00 amRNSNotice of Results
10th Aug 20109:00 amRNSOperational Update
3rd Aug 20107:00 amRNSGalaz update
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26th May 20107:22 amRNSDirector/PDMR Shareholding
24th May 20107:00 amRNSFinal Results
10th May 20107:00 amRNSOperational Update
29th Apr 20107:00 amRNSSale of Galaz Interest
16th Apr 201011:00 amRNSDrilling Update
7th Apr 201011:13 amRNSIssue of Equity
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18th Feb 20107:00 amRNSGalaz Discovery
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11th Feb 20105:38 pmRNSDirector/PDMR Shareholding
11th Feb 20107:00 amRNSSale of Galaz Interest
8th Feb 20109:40 amRNSIssue Of Equity
3rd Feb 201010:38 amRNSCorperate & Opertaional Update
14th Jan 201012:00 pmRNSRavninnoe Update
22nd Dec 200910:32 amRNSCompletion of Part Disposal
9th Dec 20097:00 amRNSManagement Changes
7th Dec 20093:38 pmRNSHolding(s) in Company
2nd Dec 20093:19 pmRNSHolding(s) in Company
2nd Dec 20093:12 pmRNSIssue of Equity
1st Dec 20099:11 amRNSGalaz Update
23rd Nov 200910:00 amRNSIssue of Equity
17th Nov 200911:09 amRNSResult of General Meeting

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