Production currently is running at 2,000 barrels of oil per day, Caspian said. P2 reserves were 25.5 million barrels, down from 26.3 million.
P1 reserves stood at 14.3 million barrels on December 31, down from 15.1 million a year before. It had USD3.7 million in cash on December 31, up from just USD400,000 a year before.Ĭaspian said aggregate production was 792,284 barrels in 2022, up 48% from 533,857 in 2021.
The Kazakhstan-focused oil and gas exploration and production company swung to a pretax profit of USD12.3 million in 2022 from a loss of USD4.8 million in 2021, as revenue nearly doubled to USD42.9 million from USD25.0 million.Ĭaspian said the pretax profit and revenue both were new records for the company. (Alliance News) - Shares in Caspian Sunrise PLC rose 60% early Friday in London, after the company released its 2022 results, allowing the stock to resume trading on AIM.
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