Caspian Sunrise completed the acquisition of Procyon Capital for up to $160m.

Caspian Sunrise, an oil and gas exploration and production company, completed the acquisition of Procyon Capital, an investment holding company, for up to $160m. "We are delighted to be competing this acquisition on terms that do not dilute shareholders. We believe Block 8 represents, in addition to the deep structures at BNG, a second potentially transformative asset in that either or both may enjoy the same geological characteristics of the nearby world class Tengiz and Kashagan assets," Clive Carver, Caspian Sunrise Chairman.