Caspian Sunrise sells MJF and South Yelemes, shares still suspended

(Sharecast News) - Caspian Sunrise confirmed on Wednesday that it has completed the sale of the entity holding the BNG shallow MJF and South Yelemes structures, receiving $69.1m to date. The AIM-traded firm said a further $5.1m was scheduled to be paid in 12 monthly instalments starting in the first quarter of 2026, while $13.8m would be paid directly by the new owners to the Kazakh authorities, reducing the group's historic cost obligations.

It also said that it expected to publish its 2024 audited accounts in the coming weeks, after which trading in its shares was expected to resume.

Shares in Caspian Sunrise remained suspended from trading in London on Wednesday.

Reporting by Josh White for Sharecast.com.