Caspian Sunrise extends long-stop date for BNG area sales
Caspian Sunrise
3.05p
16:35 03/01/25
-3.17%
-0.10p
Caspian Sunrise announced an extension to the completion deadline for the sale of its MJF and South Yelemes structures within the BNG Contract Area on Thursday.
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The AIM-traded firm said the $88m transaction, agreed with Absolute Resources on 20 November, included a headline cash consideration of which $14m had already been received.
It said the two parties had agreed to extend the original long stop date from 31 December to 28 February, as they continued to work towards completing the transaction.
At 1601 GMT, shares in Caspian Sunrise were up 3.28% at 3.15p.
Reporting by Josh White for Sharecast.com.