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CASP.L (0.00%)

52wk Low / High
/
Market Cap
£0.00m
Shares in Issue
1,669.67m
Earnings Per Share (TTM)
-
Current PE Ratio (TTM)
-
Div / Yield
- / -

Quotes delayed, except where indicated otherwise. Currency in GBp.

Overview

Caspian Sunrise PLC is a Kazakhstan based oil and gas exploration and production company established in October 2006 and listed on the Alternative Investment Market of the London Stock Exchange in May 2007.

Formerly known as Roxi Petroleum PLC, the Company’s name was changed to Caspian Sunrise plc following shareholder approval of the Baverstock Merger on 24 March 2017.

Caspian Sunrise’s commercial rationale is to acquire and develop interests in oil and gas assets in Central Asia with a focus on Kazakhstan. Its principal asset is its 99% interest in the BNG Contract Area. Caspian also has We also have a 99% interest in the Munaily Contract Area and a suspended 50% interest in the Beibars Contract Area.

To date 3 deep wells and 8 shallow wells have been drilled at BNG with an additional well re-entered.

www.caspiansunrise.com

 

 

Directors

Clive Carver (Exec Chair): ex Kleinwort Benson and PWC orporate Finance. Former head of corporate finance &  founding shareholder at FinnCap

Kuat Oraziman (CEO): 26 yrs business experience in Kazakhstan and abroad and c.14 yrs O & G experience in Kazakhstan.

Kairat Satylganov (CFO): 20 yrs experience in banking, financial and investment business and was Chairman of two of the largest banks in Kazakhstan.

Edmund Limerick (NED):  18 yrs experience in Central Asia. He was a manager of the Altima Central Asia Fund, which has invested heavily in the sector in the region.

Financials

P&L2016
US$~000
2015
US$~000
Total Revenue1,5711,051
Cost of sales1,5891,049
Profit/ (loss) for the year(5,573)(10,595)
Balance Sheet2016
£~000
2015
£~000
Cash & cash equivalents40510,462
Total assets85,23584,999

Peer Group

Premier Oil (LON:PMO)
Oil & gas E & P in UK and abroad

Sound Energy (AIM: SOU)
African & European upstream gas

Soco International (LSE: SIA)
Oil & gas E & P in Vietnam and Central Africa

Shareholders

Directors
Kuat Rafikuly Oraziman – 39.94%
Kairat Satylganov – 21.91%

Other
B Karimbayev – 4.18%
Sector Investment Funds – 3.90%
WH Ireland – 3.16%
TD Direct Investing – 3.03%
European Clearing – 2.09%

Macro Indicators

“…after nearly two years of economic slowdown, Kazakhstan is widely expected to turn the corner in 2017. Such projections are visible in both outlooks by international observers and the Kazakh government’s expectations. Following OPEC’s push to raise world oil prices, the hydrocarbon-reliant Central Asian country’s growth is mainly contingent on gradually ramping up its oil production to its previous levels. Continued acceleration in growth is expected to be driven by the impact of structural reforms focused on the business climate and public administration and an unlocking of bank lending.”

Kazakhstan Country Report March 2017 , BNE Intelligence

Media Coverage

Shares (March 2017): New Dawn for Caspian Sunrise
“Now is an opportune time to invest in the newly-renamed Caspian Sunrise (CASP:AIM). An imminent deal will give it full control of the highly-prospective BNG asset in Kazakhstan. Don’t be put off by the new corporate name sounding like a garishly-coloured cocktail. The company previously known as Roxi Petroleum looks really interesting if you have an appetite for higher-risk…”

Broker Coverage

WH Ireland (Feb 2016 – House Broker)
“…the Company has emerged from the downturn as the pre-eminent independent growth company in the region and that the company’s success has been inextricably linked to the strength of its almost exclusively Kazakh management team and the support of local shareholders…Caspian Sunrise is now well positioned to create tremendous shareholder value by progressing a diversified combination of deep and shallow assets within the BNG Licence.

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