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ROXIF / Caspian Sunrise falls 10% on update despite Russian oil pipeline discount narrowing

Caspian Sunrise falls 10% on update despite Russian oil pipeline discount narrowing
Shares of Caspian Sunrise PLC (AIM:CASP) tumbled 10% to 2.76p in early trading as it warned of operational challenges due to ongoing Russian sanctions affecting the oil it produces in Kazakhstan and disruption to sourcing drilling consumables from China. Due to this, the company said that it is unlikely to resume dividend payments in the near term, having suspended payment in June following the failure to receive a US$22.5 million payment from the sale of 50% of the Caspian Explorer. Read More
Posted: Oct 31 2023, 05:22
Author Name: Proactive Investors
Views: 112211

ROXIF News  

Caspian Sunrise falls 10% on update despite Russian oil pipeline discount narrowing

By Proactive Investors
October 31, 2023

Caspian Sunrise falls 10% on update despite Russian oil pipeline discount narrowing

Shares of Caspian Sunrise PLC (AIM:CASP) tumbled 10% to 2.76p in early trading as it warned of operational challenges due to ongoing Russian sanctions more_horizontal

Caspian Sunrise dividend news sparks 30% share fall

By Proactive Investors
June 30, 2023

Caspian Sunrise dividend news sparks 30% share fall

Shares in Caspian Sunrise PLC (AIM:CASP), the Kazakhstan-focused oiler, dropped by almost a third after it said it was cancelling the dividend payment more_horizontal

Caspian Sunrise shares rise on latest Kazakh well success

By Proactive Investors
January 30, 2023

Caspian Sunrise shares rise on latest Kazakh well success

Caspian Sunrise PLC (AIM:CASP) shares started Monday strongly after the firm told investors that oil is flowing in its side-track to Deep Well 802, in more_horizontal

Caspian Sunrise shines after positive drilling update

By Proactive Investors
January 25, 2022

Caspian Sunrise shines after positive drilling update

Shares in Caspian Sunrise PLC (AIM:CASP) are shining after a positive drilling update. The Kazakhstan-based company said initial production from De more_horizontal

Caspian Sunrise shines after positive drilling update

By Proactive Investors
January 25, 2022

Caspian Sunrise shines after positive drilling update

Shares in Caspian Sunrise PLC (AIM:CASP) are shining after a positive drilling update. The Kazakhstan-based company said initial production from De more_horizontal

Caspian Sunrise shines after positive drilling update

By Proactive Investors
January 25, 2022

Caspian Sunrise shines after positive drilling update

Shares in Caspian Sunrise PLC (AIM:CASP) are shining after a positive drilling update. The Kazakhstan-based company said initial production from De more_horizontal


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