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LONDON - Caspian Sunrise PLC announced Wednesday it has completed the sale of its BNG shallow MJF and South Yelemes structures, receiving the full $69.1 million payment due to date.
The remaining $18.9 million from the transaction will be paid in two parts: $5.1 million in 12 monthly installments beginning in the first quarter of 2026, and $13.8 million to be paid directly by the new owners to Kazakh authorities to reduce Caspian Sunrise Group’s historic costs obligations.
The oil and gas company also indicated it expects to publish its 2024 audited accounts "in the next few weeks," after which the suspension of trading in the company’s shares is expected to be lifted.
The transaction involved the creation of a separate entity to facilitate the transfer of the structures, according to the company statement based on a regulatory news service announcement to the London Stock Exchange.
Caspian Sunrise, which operates in Kazakhstan, made the disclosure in accordance with the UK Market Abuse Regulation requirements. The company confirmed that with this announcement, previously non-public information is now considered to be in the public domain.
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