Caspian Sunrise PLC (LON:CASP), the Central Asian oil and gas company with a focus on Kazakhstan, has announced its audited final results for the year ended 31 December 2022. The Company confirms that the suspension of the Company’s shares will be lifted at 7:30am on 07 July 2023.
Highlights for the year:
Operational:
· Aggregate production for 2022 was 792,284 barrels (2021: 533,857) an increase of approximately 48%
· Reserves at 31 December 2022 P1 14.3 mmbls & P2 25.5 mmbls (2020: P1 15.1 mmbls & P2 26.3 mmbls)
Financial:
· Revenue: up 72% at $42.9 million (2021: $25 million)
· Profit after tax for the year $9.9 million (2021: Loss after tax for the year $5.5 million)
· Cash at bank: $3.7 million (2021: $0.4 million)
· Total assets: $117.1 million (2021: $114.2 million)
· Exploration assets $43.8 million (2021: $46.1 million)
· Plant, property & equipment $60.7 million (2021: $57.1 million)
Caspian Sunrise Plc intends to hold a General Meeting in the near future to approve the Annual Report. The Report and Accounts will shortly be posted to shareholders and is available from the Company’s website
