Caspian Sunrise (CASP)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

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

Caspian Sunrise shares plummet as extreme cold hits drilling

By Duncan Ferris

Date: Monday 19 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Shares in oil and gas exploration company Caspian Sunrise fell almost 30% after it announced the effects of adverse weather on its operations at the BNG contract area in Kazakhstan.
The spudding of the Deep Well A8, which was initially delayed to January, has been is now projected to proceed in Q2 due to the extreme cold weather at the site while works at Deep Well A5 are being delayed by obstructions which the company has so far been unable to clear.

The recommencement of a 90-day flow test at Deep Well A5 was initially rescheduled to January but is now expected to take place toward the end of March subject to the clearing of carbonate rock obstructions and permitting required to begin coil tubing operations.

Clive Carver, Caspian's executive chairman, said: "Following the weather delays previously reported we have now resumed work at both A5 and 801. Management remains encouraged by the initial flow rate at A5 and the pressure and flows to the surface under natural pressure at Deep Well 801 providing confidence for hoped for positive outcomes for these wells."

At well 801 a planned 445 metre side-track from a depth of 4,516 metres is underway which will see the company placed on a 90-day flow test.

Works at Deep Well A6 and 142 are subject to the completion of works at Deep Well 801 and Well 146 respectively, where a sixth well is to be drilled on the MJF structure which currently hosts four wells in aggregate producing at the rate of approximately 1,700 bopd.

As of 0854 GMT, Caspian Sunrise's shares were down 27.82% at 9.60p.

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CASP Market Data

Currency UK Pounds
Share Price 3.38p
Change Today 0.030p
% Change 0.90 %
52 Week High 4.55
52 Week Low 2.30
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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