Caspian Sunrise (CASP)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

3.38p
   
  • Change Today:
      0.030p
  • 52 Week High: 4.55p
  • 52 Week Low: 2.30p
  • Currency: UK Pounds
  • Shares Issued: 2,254.98m
  • Volume: 788,126
  • Market Cap: £76.22m

Roxi delivers another good drilling result

Date: Wednesday 15 Aug 2012

LONDON (ShareCast) - Roxi Petroleum, an Asian oil and gas firm with a focus on Kazakhstan, has drawn encouragement from test drilling of the NK8 well on its Galaz asset.

Drilling has reached a total depth of 1,378 metres and has been tested at an interval between 1,291 - 1,296 meters using choke sizes ranging between 5-7mm.

With a 5mm choke, oil flowed at the rate of 161 barrels of oil per day (bopd). Using a 6mm choke, oil flowed at the rate of 197 bopd and using a 7mm choke oil flowed at a rate of 251 bopd. The company is planning further testing at a different interval.

The company, which holds a 34.22% interest in the Galaz field, said that based on the results the three wells on the assert, it anticipates the total gross production will be around 500 bopd.

"Production at these level at Galaz provides a strong underpinning of the company's valuation ahead of the exiting deep drilling campaign at BNG, which upon receipt of the required regulatory approvals, is scheduled to commence in the autumn," the firm said in a statement.

Roxi holds a 58.4% stake in the BNG block located at the perimeter of the Caspian Sea in Western Kazakhstan.

The share price rose 8.33% to 3.25p by 13:35.

NR

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CASP Market Data

Currency UK Pounds
Share Price 3.38p
Change Today 0.030p
% Change 0.90 %
52 Week High 4.55p
52 Week Low 2.30p
Volume 788,126
Shares Issued 2,254.98m
Market Cap £76.22m

CASP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.84% below the market average21.84% below the market average21.84% below the market average21.84% below the market average21.84% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Price Trend
12.08% below the market average12.08% below the market average12.08% below the market average12.08% below the market average12.08% below the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average
Income Not Available
Growth
52.71% above the market average52.71% above the market average52.71% above the market average52.71% above the market average52.71% above the market average
37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average

CASP Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 02-Mar-23 19-Jan-23
Paid 23-Mar-23 16-Feb-23
Amount 0.044p 0.044p

Trades for 17-Jun-2024

Time Volume / Share Price
13:49 200,000 @ 3.25p
13:36 100,000 @ 3.36p
13:35 100,000 @ 3.36p
11:59 40,000 @ 3.37p
11:47 50,000 @ 3.24p

CASP Key Personnel

CEO Kuat Rafikuly Oraziman

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