Caspian Sunrise Plc
CASP:LN
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Overview
Company Profile
Caspian Sunrise PLC is a Kazakhstan based oil and gas exploration and production company established in October 2006 and listed on the Alternative Investment Market of the London Stock Exchange in May 2007.
The Company’s objective is to create shareholder value from the development of oil and gas projects and associated activities.
Formerly known as Roxi Petroleum PLC, the Company’s name was changed to Caspian Sunrise plc following shareholder approval of the Baverstock Merger on 24 March 2017.
Caspian Sunrise’s commercial rationale is to acquire and develop interests in oil and gas assets in Central Asia with a focus on Kazakhstan. Its principal asset is its 99% interest in the BNG Contract Area. We also have a 99% interest in the Munaily Contract Area and a suspended 50% interest in the Beibars Contract Area.
To date 3 deep wells and 8 shallow wells have been drilled at BNG with an additional well re-entered.
The Group is responsible as Operator for all its active interests.
Classification
Financials
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Corporate
Board of Directors
Clive Carver
Executive Chairman
Clive Carver qualified as a chartered accountant with Coopers & Lybrand in London in 1986. Since then he has focused on the corporate finance and corporate broking arena, including working for Kleinwort Benson and Price Waterhouse Corporate Finance. He was head of corporate finance and a founding shareholder at finnCap, which by client numbers is now London’s leading AIM financial advisor and broker. He was appointed non-executive Chairman in October 2006 and became executive chairman in June 2012. He is a qualified Corporate Treasurer and also a non-executive director of several other AIM listed companies.
Kuat Oraziman
Chief Executive Officer
Kuat Oraziman has 26 years of business experience in Kazakhstan and abroad and nearly 14 years of oil and gas experience in Kazakhstan. His experience has included managing an import and export businesses, the establishment and operation of an international brewery in Kazakhstan, and acting as the Kazakhstan representative of Phillips and Stork. Kuat holds a doctorate in science and is a trained geologist. He was appointed to the board as a non executive director in November 2006, became an executive director in 2008 and was appointed CEO in 2012.
Edmund Limerick
Non-Executive Director
Edmund has been involved in Central Asia and financing the oil and gas business for the last 18 years. He was a manager of the Altima Central Asia Fund, which has invested private equity in the oil sector in many countries in the region, and prior to that he spent many years in Deutsche Bank as a project financier and senior oil and gas investment banker in Moscow, London and Dubai. Previously Edmund was a solicitor with Milbank Tweed in Moscow, as well as Freshfields and Clifford Chance in London. His early career was spent in HM Diplomatic Service with postings in Paris, Dakar and Amman. He was educated in Oxford, London, Moscow and Paris and speaks Russian. He was appointed a Non-Executive Director of Caspian Sunrise in February 2010.