Caspian Sunrise PLC: Annual Report and Financial Statements for the Year Ended 31 December 2020

Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce its audited final results for the year ended 31 December 2020.

Highlights for the year:

Operational:

·    Aggregate production for 2020 was 545,667 barrels (2019: 506,620) an increase of approximately 7.7%

·    Reserves at 31 December 2020 P1 15.6 mmbls & P2 26.8 mmbls (2019: P1 16.1 mmbls & P2 27.3 mmbls)

Financial:

·    Revenue: up 18% at $14.3 million (2019: $12.1 million)

·    Loss after tax for the year $3.5 million (2019: $1.4 million)

·    Cash at bank: $0.3 million (2019: $4.1 million)

·    Total assets: $125.7 million (2019: $127.5 million)

·    Exploration assets $61.4 million (2019: $60.0 million)

·    Plant, property & equipment $52.8 million (2019: $51.3 million)

The Report and Accounts and Notice of Annual General Meeting will shortly be posted to shareholders and available from the Company’s website at   https://www.caspiansunrise.com/investors/reports