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Joe,
25sqm, I thought that it meant 2500 sqM and was yet another Carver mistype and Nomad miss but then I read this,
Sinelnikovskoye covers 90 square kilometres in the country’s Aktyubinsk region and was discovered during 1980s. Bought for £606k and nearly 4 times the size, 7 wells drilled, 2 more required to keep the licence.
https://www.upstreamonline.com/exploration/kazakhstan-puts-two-blocks-back-on-offer-after-previous-winners-failed-to-pay/2-1-1609672
look at 25 Sqm and 2500 sqM and $15m it's still the same either $50k or $500k isn't worth $15m 8 months later with clean up work to be done.
Eight other blocks being auctioned are located in the Aktyubinsk, Mangistau, Atyrau and West Kazakhstan regions, and range in size between 1000 and 4500 square kilometres, according to the ministry.
One of the legacy assets is the Sinelnikovskoye oilfield, for which the ministry has set a starting bid of 345 million tenge ( £606,871.95 Pound sterling).
Sinelnikovskoye covers 90 square kilometres in the country’s Aktyubinsk region and was discovered during 1980s.
It is understood to have seven exploration and development wells in place, which were abandoned about 15 years ago.
The company that wins the Sinelnikovskoye asset will have to drill two more development wells and pay for ongoing efforts to clean up the oil spills from the field.
Abandoned wells have been leaking oil at Sinelnikovskoye for years, and one was covertly reopened by thieves looking to steal crude reaching the surface under reservoir pressure, according to earlier regional media reports.
Other blocks on offer include Kendala South and Kendala North in the Mangistau region that together cover more than 8800 square kilometres.
The winners of these two blocks will be obliged to collect some 2000 kilometres of 2D seismic data and drill at least four new wells.
Going to be interesting to read what they paid the Kazak Government for West Shalva, they have to show it and we know the names it went under to look it up...
Block 8 - that's worth a look at, owned by the same person.
I wonder what he paid for that and how long he has held it for?
Fair enough , i didnt know they read these, you sure?
Bully, my posts aren't really aimed at investors. It's for Clive & Co, who do read LSE, to let them know that we see you and what you are doing. Gotta keep them honest.
CC think you are starting to confuse yourself or have I missed an RNS?
"I'd figured Kuat had handsomnly repaid himself for the cheap boat price by ripping $60m out for block 8, another unproven field with an expired licence and no firm production figures."
Hasn't Production stopped pending licence?
And the $60M is payable at $5/barrel produced, like a royalty. So nothing yet. That's 12million barrels, if...
I agree with the $5M CTS/CASP/Bank merry-go-round.
They also say the opportunistic nephew now works for Casp. He needs uncle's help clearly as he is a just a tad behind his cousin with his CASP holding. Or perhaps he is a new front for KO, who no longer owns any Casp shares, and appently just works there as the CEO.
"It's only a 25sqm block", I know that's a typo: it's not big enough for that camel!
Soon be back to the March 2022 conversion price. Is AO taking a salary yet, or still racking it up as the loan??
Not me Bully, mine were 1's and 2's, not adding, prolly Smarmy.
3A- Best, licence expired, drills not completed so fines in place, this looks to be from ownership from Kuat's Fathers time onwards.
Best guess is the Government are taking it under force majeur to drill the deeps once stage 3 at Dunga ( 2500m) is completed.
https://kz.kursiv.media/en/2023-11-23/kazmunaygas-acquires-a-60-stake-in-the-dunga-oil-field/
Note production 7400 bopd not 15000 as per Clive's RNS.
Right on cue, someone is "back in" with a cool half a million at 3.5, nice £2000 on his 4p sale..
Whats the betting on this dropping to the "early 3's" before all this camel talk is forgotten and one of the shallows starts producing or we hear news on the A5 sidetrack and all of a sudden the retrace to 8p is on? (for new investors) heard all this routine many times before, gla
Khaldar,
There's one easy to find link, I'll keep the others but they are there if you look for them...
https://www.upstreamonline.com/safety/fire-burns-in-oil-well-a-month-on-from-blowout-with-emergency-services-striving-to-reduce-pressure/2-1-1491400
The new operator of the Shalva oilfield that was sold at a recent governmental auction, has reported finding a dead camel lying next to a seeping old christmas tree as its representatives inspected the acquired asset, Kazakh energy industry social network channel, Energy Monitor, said.
Note NEW operator 2023...
"Another question is, why didn't CASP buy this piece of land for $50k? it was in the Government auction and they had RNS's that they were looking for other projects you would assume they were aware the Government had announced another block sell ?"
This is the issue right there. Altinbek only incorporated CS Energy last summer and bought the dead camel.
Anyone of Casp's subsideries (BNG, 3Abest, Eragon etc) could have bid for it.
Clive needs to tell us what CS Energy paid for it.
I'll find out soon enough when the Kaz gov publishes it's accounts.
Clive also needs to come clean on the fines due on 3abest and all the court cases going there.
Mango, all those brains and still as thick as mince, god bless ya.
For the avoidance of doubt, btw, I'm not saying every management decision is perfect, far from it obviously. The family are only doing what most of us would probably also do in a similar position given the opportunity, but it's the endgame that matters so good luck to them.
It's the highly selective broadcasting and constant repetition that I'm pointing out, that's all. Clearly to try to help a short term position. And by now surely obvious to all.
QED.
I rest my case, m'lud.
Hi CC
No problem with you trashing a share you are invested in 😂
Please can you provide a link(s) to this info that’s apparently available online?
Cheers
Don't worry Mango,
As I know u like studying mind games, the great thing about AIM is you can stand in front of someone ( metaphorically ) and tell them the truth and they will be 100% convinced you are lying to them.
Bought a miniscule 25 sqkm block of land with zero production, just a dead camel next to an old drilled well that had started leaking ... complain to the Government after you'd bought it and then did a site visit - all online to be read.
Or if you want people to buy your stock tell them they've bought a piece of land where oil has been found rising to the surface ... and you are going to pay them in stock at 4p and final cash at $5m.
If the plot cost you say $50k and you redrill one well with a G40 rig for $2.5m ( CASP pays ) , sell those shares at 3p each? great business to get some easy cash.
Another question is, why didn't CASP buy this piece of land for $50k? it was in the Government auction and they had RNS's that they were looking for other projects you would assume they were aware the Government had announced another block sell ?
Why have they waited 8 months from auction sale and then bought it from this New Co owned by the nephew that have been registered in the UAE?
The Nephew that runs 3A - Best, is a shareholder in Casp, they are very careful to point out he has nothing to do with running the company so everything is arms length because he also now owns Block 8 and West Shalva, which while they never realised was for sale have now realised a great piece of business it would be to buy them for multiples over recent acquisition costs.
It stinks and I realise i'm trashing my own investment.
I am with Jimmy, although my optimism is starting to show the possibility although NOT confirmed signs of despondence.
I am unable to get a doctors appointment to get any of this confirmed!!!
Divermike
Mostly 4.5 for me too. Despite having moments especially in the last few days of it being pushed lower, and questioning.
But in an odd way, the more the obvious traders show their cards and try to use this forum to help them, the more it reinforces my own view.
Quaytec,
I'm with you.
I would add footy commentary words like gutted, blindsided etc etc.
I'd figured Kuat had handsomnly repaid himself for the cheap boat price by ripping $60m out for block 8, another unproven field with an expired licence and no firm production figures.
The nephew bought West Shalva in 2023 with a dead camel next to a leaking abandoned well, hexwill have gotcit on the cheap as the Govt said no ones buying, last auction some blocks failed to sell so now invite buys from individuals who can band together and kazak nationals.
It's only a 25sqm block, they were selling 500 to 5000m blocks for $430k to $1.5m ( all info online - look it up)
How can they put this through at $15m 8 months later , with no work done and an assumed ecological clean up bill to be paid?
Straw that broke the camels back ...
Yeah, he's right you have to watch out for newly invested, either a bit clueless or pretending to be,rampy 7uckers like this poster...
"What ages are Carver and Kuat? Presumably they will be seeking a comfortable retirement at some point in the not too distant future. Look at it from their viewpoint and with the extra info they have at their disposal.
Do they and the Concert Party in general want an exit at a much higher valuation? Of course they do, and the time for that exit is probably drawing a lot closer. For holders who have been in this a decade or more, who feel this has gone on forever, it may not seem like it, but that has to be the reality. If people don't like or don't understand some of the strategy, then go along to the GM in a couple of weeks' time and get some explanations.
No way I'm parting with any shares until this multi-bags from here. Period."
Bluemango
Neutral
Optometrist
i'll go "concerned" for the fact it looks to me the kazaks are offloading more **** onto us.
BM, No4 and No5 for me 8-))
Influences enough to move the price, that is. Sad that it even needs to be said, but that's life and human nature. Even understandable.
Worth bearing in mind, that's all. Way too many posts from me today, so I'll stop there. ...
And for anyone thinking 'nobody posting here influences others in their buys or sells', I'd say it it was a FTSE 100 stock, absolutely right.
But with a very limited free float, thinly traded Aim stock, largely news driven?
I think you need to add in
Wary
As in wary of poster's posting positive or negative news