Caspian Sunrise

CASP · AIM · Energy · mcap £45m · 1.9p 1 open situation →

EV: £44.8m
EV / EBIT: 500.2x
Net debt: £4.8m
FCF yield: 5.2%
Revenue: £20.9m
Share price 1y: −12%
Insiders 12m: no deals
Next report: around 30 Nov

Beta Briefing, track record and signals & risks are not ready for Caspian Sunrise yet.

We follow 960 UK small caps and every one of their announcements – often hundreds per company. 101 companies are already wired into a briefing: browse them.

Timeline · every situation

dots = announcements

2026 Yelemes Deep production licence

Open · 1

Project milestones◷ in 155 days

Yelemes Deep production licence

Drilling three deep wells; 803 needs re-cementing

Caspian Sunrise must complete three new deep wells on the Yelemes Deep structure to apply for a full 25-year production licence. The 19 Oct 2026 update shows Wells 707, 703 and 701 drilling, while Well 803 found 50 meters of oil but needs re-cementing. The work programme is expected to be met in Q1 2027.

Next milestone: Work programme obligations met in full in Q1 2027, then licence application can begin 19 Oct 2026 ↗
Well 803: Deepened to 4,030 m; 50 m oil-bearing interval; re-cementing needed to stop water inflow 19 Oct 2026 ↗
Well 707: Spudded July 2026; at 3,260 m of planned 3,500 m 19 Oct 2026 ↗
Well 703: Spudded Q3 2026; at 700 m of planned 4,750 m 19 Oct 2026 ↗
Well 701: Spudded October 2026; planned total depth 5,000 m 19 Oct 2026 ↗
Licence sought: Full 25-year production licence for the Yelemes Deep structure 19 Oct 2026 ↗

Next: Complete Yelemes Deep work programme, then apply for 25-year licence · 31 Mar 2027

19 Oct 2026 Drilling three deep wells; 803 needs re-cementing

Open the full view – chart and every step →

Company filings. Not investment advice.