Caspian Sunrise (GB:CASP) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Caspian Sunrise is set to complete its acquisition of the West Shalva Contract Area, a promising oil site in Kazakhstan, after receiving necessary approval from local authorities. The company plans to drill an exploratory well early next year, potentially starting production by mid-2025, with expectations of lower risk compared to other sites. The acquisition involves issuing new shares and revenue agreements, potentially increasing the Concert Party’s stake in the company.
For further insights into GB:CASP stock, check out TipRanks’ Stock Analysis page.
