No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - 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.
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.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.