Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Mike,
Also of coincidental interest in that article, if you tab down a para or two there's mention of Kazmunai and an India oil Co wanting to hire the boat for a new drill.
That is for the same Abay ( also Abai ) block where Eni have taken over the Indian State oil Co's interest.
Everything that is happening now in 2024 has long been planned and set out in 2018 and before.
A lot of us have been hanging around to see this, its almost time to get reinvigorated and excited again after all of these years of nearly.
One last point;
A5 flowing ( or A6/A7/801/802/803 )isn't the destination, all A5 ( or the first deep ) flowing does is provide the key that unlocks Pandora's box, one deep flowing provides the funds to unlock the other deeps.
In practical terms what it does is twofold:
Shows that the 800 wells and A wells are connected which is why they are being put on the same licence as per RNS.
Alerts the majors that Kuat & Co are ready for funds to be funnelled to the UAE.
That's when the SP really spikes, investors who've sold all the way out on the first deep price spike may wish they'd only sipped at the well instead of drinking deeply and being felt to feel like a dead camel.
Indeed Goerge, another UAE registered company ...... Introduction
The Board of Caspian Sunrise is pleased to announce that the re-registration of the shares in Prosperity Petroleum, the UAE company which is the sole shareholder of KC Caspian Explorer LLP the Kazakh registered entity which owns a 100 per cent interest in the Caspian Explorer, has been finalised. Accordingly, the acquisition of the Caspian Explorer may now be completed.
That's what I see.
Not sure about pole dancing though, bit too old for those gymnastic moves....
Since they wrote this in 2018
Added Boat
Added CTS Drilling
Added oil trading group
Added 3AB then Government are taking it back after passing of Rafik Oraziman
Added Block 8 and West Shalva - gives Kuat the ability to move things around, Block 8 may have potential, West Shalva and its 25 sqK and bonus camel water feature looks like an administrative purchase.
Some of these purchases / amalgamations may have been due to the oil price turning negative and the civil unrest making them want to offload personal items into London listed corporate listed vehicles, now that it has all come out in the wash it looks positive as they have set up their UAE subsidiary companies and trialled a few Dividend / low tax payments through to make sure everything works in the three different jurisdictions that they are audited in, in my opinion they are getting ready for the big one.
If you believe this has been worked to a plan for the last 3 generations of the Oraziman family then one sentence from 2018 may pique your interest. The capital letters are as they presented it.
LICENCE
Appraisal across entire BNG Contract Area to mid 2024,
with the ability to convert structure by structure to full
production status from July 2018
END
Since then
MJF - full production status
South Yelemes - full production status
(North )Airshagyl - three deep wells drilled at 801.802.803
BNG A wells 4 wells drilled A5,A6,A7,A8
RNS to state if one well flows a full production licence for the whole of the BNG deeps will be applied for...
What is this telling you?
More importantly for Kuat & Co WHAT is this telling the majors who read the minnow oil Co's RNS's ?
Us bunch of PI's aren't going to give him what he wants, we are here as a by product of a London listed entity gives him a vehicle to sell in and out of and direct funds to the UAE, otherwise we wouldn't be allowed a look in.
Is it telling them that Baby Tengiz is ready to pour forth and they should ask to see the data?
Not a ramp, i'm not here for 2.4p to 4p, 2.4p to 8.5p, I'd like Kuat's exit plan to make him even richer than he already is and really see it pop and take us all along with it on a sale to a major.
Happy early May Bank Holiday, hope you've all cleaned your poles ready for some dancing!
Thanks guys, intriguing comments.
Mango,
Joe soaps no slouch either ...
Who could he be talking about? and which page of the 2022 accounts do you need to read?
There was a 250k trade today at 3.3p if you are still looking for ghosts, or rather the imprints where they have been?
Bluemango, thought you had got to 4,976,923 yesterday ;-)
There is, of course, an art to this.
Q? Why would you agree to take shares at a premium to the prevailing price to settle a debt.
Why should you have to if the company cannot pay cash?
Q? Who would be owed exactly £145,500?
Why GBP, why not oil dollars or local tenge?
Q? Why did the price rise so quickly after the deal?
Have we miscalculated?
Or, perhaps they were the buyer of 500k on the 24th? A buy that started the climb??
There are some on here that play the crowd: these guys are experts.
The volume may well still be churning through to reach sticky hands.
jimo
[4,476,923 x 0.0325 = £145,499.9975]
The advisors gone.
The MM's can sell more shares than they own, then buy them back off the market later on.
They were selling at 3.6 and 3.7p, they'll buy them back and have a clear book for the next rns or run on volume.
Again, impressive how the price has held up with this going on, so must be some underlying demand helping this transition.
Possibly still related to our pesky advisor dumping, though that was 500k left at the last count and there's been some sizeable trades since his sells by Tuesday 30th of 3,976,923 of his original 4,476,923.
They are 5odding about setting themselves straight.
Uncrossing Trade: During the auction period, there may be a point (or price) at which the best BID and best ASK match and a trade takes place. This trade on the London Stock Exchange (LSE) is known as an Uncrossing Trade.
Another large UT trade, what is going on in the background?
Er yes too
Lets have a look at SY shallow ............
South Yelemes:- Shallows Full production/export licence to 2046
54:- Soviet sub economic 30BOPD workover Q1 2024 2000m targeting Dolomite
805:- 160 BOPDs sidetrack Dec 2023, 2222m targeting Dolomite
806:- Workover Q1 2024 2000m targeting Dolomite was flowing at 150 BOPDs with 807
807:- Workover Q1 2024 2000m targeting Dolomite
808:- Spud 2017 3200m 6 intervals potential new structure, drilled to 3070m, inconclusive testing, high water saturation, 2 shallow intervals of interest not yet tested
Anyone anything else to add?
Yes
If you knew A5 was flowing, 806 on its way, the boat was signed, sea bed laid and mjf deal progressing would you be buying at 3.4p?
Imo always a leaky old ship...
There has been a lot of sales recently Bully and its not exactly crashed the SP, someone must be buying a huge amount
Can still sell 1m above bid, even after someone just sold 600k
The WCP are not going to be able to shift scores/100's of millions of shares when the share price is in the 20p's so they'll have to wait mostly for a T/O to cash in - the pressure to sell will be on.
Pretty sure they won't want to be waiting around too long and would consider offers coming in when the share price is 20p+ with a very decent premium to boot.
Next year Rodder's.
Hardly a blip. Ready for next leg up, could be huge. But leaving that aside, quite exciting with all the different strands. Concert Party must be quite busy.
Forget the middle sentence, obviously.
500m !
Yes, was expecting 500k rather than 1m.
Yes, was expecting 500m rather than 1m.
Have to say these sales have been absorbed with relative ease.
We've seen 2m + 1,996923 so want to see the balancing figure of 500k ... to hit the consultants 4.4m share pment
4,476,923 new ordinary shares of 1 pence each in the Company at 3.25 pence per share ("New Shares")
That's a trade for 1,000,000.00
The 500k could easily have passed through the day before the 2m and the 1.9m.
I'd imagine that's someone cashing up for the long weekend.
Yep, surely that's the end of the overhang.
Onwards and upwards, should be very little holding this back now ...