Caspian Sunrise PLC (AIM:CASP) shares traded up in Monday's early exchanges, as the small-cap oil af gas firm posted a pair of financial reports - one for the six months ended 30 June 2025, and one for the twelve ended 31 December 2024.
The set with most recency, shows interim revenues were US$9.9 million and a $2.7 million loss after tax.
It comes as the Kazakhstan-focussed producer has spent most of its recent history reworking its portfolio (and both sets of figures today included the reclassification of the certin fields, MJF and South Yelemes shallow structures, as assets held for sale).
Meanwhile, following the sale of its 'shallow BNG structures' - in an $88 million deal, that's so far received $69.1 million - the company's production metrics show interim production for 2025 at 229,007 barrels, versus 623,312 barrels in 2024.
The company noted that the deep structures at BNG remain unaffected by the sale and continue to be evaluated.
Caspian pointed to progress across its portfolio, including the award of a three-year production licence for the Airshagyl deep structure and ongoing testing at the Block 8 Sholkara structure.
Also, the West Shalva Contract Area was acquired in April this year, and a well has been drilled to 1,700 meters with targets expected to be reached in December.
The group noted that regulatory delays continue to affect development timetables.
In London, Caspian shares were up 10.18% at 2.5p.