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 Petroleum to merge Kazakh assets with Braverstock

By Maryam Cockar

Date: Monday 27 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Oil and gas explorer Roxi Petroleum will take greater control of its Kazakhstan project after striking a deal with Swiss miner Braverstock to merge their assets in Eragon Petroleum for about £67.88m, subject to shareholder approval.
The companies have already gained regulatory consent to merge Roxi and Baverstock's interests in Eragon, which holds a 99% stake in the company's principal asset, BNG, a subsoil contract in Kazakhstan.

The proposed merger will increase Roxi's shareholding in Eragon to 100% from 59%, which would increase Roxi's interest in the BNG contract area to 99% from 58.41%.

Roxi has also agreed to allot 651.43m new shares to Baverstock and a further 80.8m shares will be issued to Kuat Oraziman, a Baverstock shareholder, subject to the conversion of a $10m loan to Dutch oil and gas company Vertom International by 30 April 2018. Together these new shares will represent 43.86% of the Roxi's share capital.

Chairman Clive Carver said: "The proposed merger has been longed planned and once completed will bring 99% of our principal asset BNG under our direct control removing any funding constraints associated with maintaining the current structure.

"Additionally the capitalisation of some $10m of debt would not only make the group essentially debt free but also demonstrates the continued belief and commitment of the companies leading investors to it ultimate success."

Shares in Roxi Petroleum were up 4.87% to 9.96p at 0911 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

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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