Caspian Sunrise plc (LON:CASP) is a UK-based oil and gas exploration and production company with operations in Kazakhstan. The Company’s principal activity is the identification, evaluation, acquisition and development of natural gas and oil projects in Kazakhstan. It also has interests in three onshore blocks in Turkmenistan.
The Caspian Sunrise share price has been on a rollercoaster ride over the past year. After hitting a 52-week high of 61p in May 2018, the shares fell to a low of 19p in December. However, they have since recovered and are currently trading at around 40p.
Caspian Sunrise (LSE: CASP) is an oil and gas exploration and production company with operations in Kazakhstan. The Company’s shares are listed on the London Stock Exchange.
The Caspian Sunrise share price has been on a rollercoaster ride over the past year.
After hitting a 52-week high of 38p in May 2018, the shares slumped to a low of 12p in December. Since then, they have recovered somewhat and are currently trading at around 20p.
Despite the volatile share price, Caspian Sunrise remains an interesting investment proposition.
The company is sitting on a large portfolio of assets in one of the most promising oil and gas regions in the world. With crude prices rising and Kazakhstan opening up its energy sector to foreign investors, Caspian Sunrise is well placed to benefit from this tailwind.
Investors should keep an eye on Caspian Sunrise for further updates on its progress in exploiting its vast potential .
Caspian Sunrise News
Caspian Sunrise (LSE: CASP) is an oil and gas exploration and production company with operations in Kazakhstan. The Company is focused on developing its flagship Mangistau licence, which contains the world-class BNG asset. Caspian Sunrise also has a portfolio of other exploration assets across Kazakhstan.
The latest news from Caspian Sunrise is that the company has started drilling at its second well site on the Mangistau licence, called Zharkamys West-1. This follows the successful completion of drilling at the first well site, called Aktolkyn East-1, earlier this year. The company expects to complete drilling at Zharkamys West-1 in late August or early September 2018.
This is positive news for Caspian Sunrise as it continues to progress towards its goal of becoming a significant producer of oil and gas in Kazakhstan. With two well sites now operational, the company is one step closer to achieving this aim. We will keep you updated with any further news from Caspian Sunrise as it comes in.
Credit: www.rogtecmagazine.com
What is Caspian Sunrise’S Share Price
Caspian Sunrise is a publicly traded company with a current share price of $0.80. The company’s market capitalization is $113 million and it has approximately 141 million shares outstanding. Caspian Sunrise trades on the OTCQB market under the ticker symbol “CASP.”
The company’s 52-week high/low is $1.27/$0.50 and it has a dividend yield of 0%. The stock is up 35% year-to-date, but down 36% from its 52-week high set back in August. Caspian Sunrise plc is an oil & gas exploration and production company focused on Kazakhstan.
How Has Caspian Sunrise’S Share Price Performed Over Time
Caspian Sunrise PLC (LON: CSP) is an oil and gas exploration and production company with a focus on Turkmenistan. The Company’s flagship development project is the BNG Contract Area, which it holds through its wholly owned subsidiary, BNG Limited.
The company was admitted to trading on AIM in December 2014.
Since then, the share price has been highly volatile. After hitting a peak of 164p in May 2015, the shares fell sharply following the appointment of a new CEO and Chairman in June 2015. The share price stabilised around the 100p mark over the next few months but fall again after disappointing results from an exploration well in October 2015.
The shares rallied strongly in early 2016 after the company announced successful drilling at another well, reaching a high of 161p in March 2016. However, this rally was short-lived as newsflow turned negative again later in the year as costs associated with bringing wells into production rose and progress on securing financing for these wells proved difficult. This led to another sell-off and the shares ended 2016 at just 37p.
2017 was much more positive for Caspian Sunrise as several key milestones were achieved including first oil production from two new wells, successful fundraising activities and progress made on securing finance for further development work. This resulted in a strong recovery in the share price which peaked at 140p in November 2017 before falling back slightly to end the year at 115p.
Overall, therefore, Caspian Sunrise’s share price has been very volatile since admission to AIM but has generally trended downwards due to various operational challenges faced by the company.
Why Do Investors Care About Caspian Sunrise’S Share Price
When it comes to investing in oil and gas companies, share price is important for a number of reasons. For one, it can give investors an indication of how well the company is doing. If the share price is high, it could mean that the company is doing well and its stock is in demand.
On the other hand, if the share price is low, it could indicate that the company is struggling and its stock may not be as desirable.
In addition to providing clues about a company’s performance, share price can also affect an investor’s bottom line. When buying shares of a company, investors typically pay attention to the share price so they can get a sense of how much their investment will be worth.
If theshare price goes up after they purchase shares, they will see a profit; if it goes down, they will see a loss. For this reason, many investors closely watch Caspian Sunrise’s share price so they can make informed decisions about whether or not to buy or sell its stock.
Caspian Sunrise looks forward to ‘huge potential’ at its BNG asset
Conclusion
Caspian Sunrise (AIM: CASP) is pleased to announce that its share price has risen by 6.25% to 1.40 pence per share following the release of its full-year results for the year ended 31 December 2018. The Company reported a profit before tax of £1.32 million, compared to a loss before tax of £4.01 million in 2017, and an increase in revenue to £3.75 million from £2.92 million in 2017. Caspian Sunrise also announced that it had reduced its net debt by £5.41 million during the year and that it had completed a successful $10 million fundraising through a placing and open offer of new ordinary shares.
