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Caspian Sunrise plc is an upstream oil company, specializing in the exploration and production of crude oil across Central Asia. Its primary operational asset is the BNG Contract Area, a significant hydrocarbon block in western Kazakhstan's Mangistau Oblast, where the company holds a commanding 99% interest. This area encompasses approximately 1,561 square kilometers. The firm, originally known as Roxi Petroleum Plc, adopted its current name, Caspian Sunrise plc, in March 2017. Established in 2006, the company's corporate headquarters are situated in London, United Kingdom.
Shares in Caspian Sunrise PLC (AIM:CASP), the oil and gas company operating in Kazakhstan, rose 8% to 2.16p after it accelerated and expanded its drilling programme at the BNG Contract Area. The company said encouraging results at its Yelemes Deep structure had prompted it to bring forward and add to its drilling plans.
Caspian Sunrise PLC (AIM:CASP) traded 17% higher in Wednesday morning's exchanges, rising to 2.99p, as it received a two-year extension to its Yelemes Deep exploration licence in the BNG Contract Area, Kazakhstan. The licence enables the company to resume development at Deep Well 803, where oil was previously detected, it said in a statement.
Caspian Sunrise PLC (AIM:CASP) shares traded up in Monday's early exchanges, as the small-cap oil af gas firm posted a pair of financial reports - one for the six months ended 30 June 2025, and one for the twelve ended 31 December 2024. The set with most recency, shows interim revenues were US$9.9 million and a $2.7 million loss after tax.
Caspian Sunrise PLC (AIM:CASP) has spudded the first well at its West Shalva Contract Area in Kazakhstan. It is expected that the well will be drilled down to 3,000 metres and take around two months to complete.
Shares in Caspian Sunrise PLC (AIM:CASP) fell 10% on Monday after the company said its $88 million asset sale in Kazakhstan was still awaiting final regulatory approvals. The sale of the MJF and South Yelemes fields has so far brought in $15.7 million, with operational handovers already completed.