Business
Annual Report and Financial Statements
Annual Report and Financial Statements.
About this update from Caspian Sunrise Plc
[{"type":"text","content":"\n \n \n Caspian Sunrise PLC\n \n \n (\"Caspian Sunrise\" or the \"Company\")\n \n \n Annual Report and Financial Statements for the Year Ended 31 December 2021\n \n \n Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce its audited final results for the year ended 31 December 2021.\n \n \n \n \n \n \n Highlights for the year:\n \n \n \n \n \n \n \n Operational:\n \n \n \n \n \n \n · \n Aggregate production for 2021 was 533,857 barrels (2020: 545,667) a decrease of approximately 2.2%\n \n \n · \n Reserves at 31 December 2021 P1 15.1 mmbls & P2 26.3 mmbls (2020: P1 15.6 mmbls & P2 26.8 mmbls)\n \n \n \n \n \n \n Financial:\n \n \n \n \n \n \n · \n Revenue: up 75% at $25 million (2020: $14.3 million)\n \n \n · \n Loss after tax for the year $5.5 million (2020: $3.5 million)\n \n \n · \n Cash at bank: $0.4 million (2020: $0.3 million)\n \n \n · \n Total assets: $114.2 million (2020: $125.7 million)\n \n \n · \n Exploration assets $46.1 million (2020: $61.6 million)\n \n \n · \n Plant, property & equipment $57.1 million (2020: $52.8 million)\n \n \n \n \n \n \n \n \n The Report and Accounts and Notice of a General Meeting to approve the Accounts will shortly be posted to shareholders and available from the Company's website at \n \n \n https://www.caspiansunrise.com/investors/reports\n \n \n \n \n \n \n \n \n \n \n \n \n Caspian Sunrise PLC\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Clive Carver\n \n \n \n \n +7 727 375 0202\n \n \n \n \n \n \n Executive Chairman\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n WH Ireland, Nominated Advisor & Broker\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n James Joyce\n \n \n \n \n +44 (0) 207 220 1666\n \n \n \n \n \n \n Andrew de Andrade\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Comp...