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Somm, aka Clueless Hicks from 2018 before he got banned last time .... got the serious hump with me for selling out from 14 to 12p - I even put on these boards I was selling and why ... the general abuse was hilarious.
We all want to be positive and believe the sun is going to shine tomorrow, be careful who you get to read you the weather report, Michael 'Somm' Fish.
Flawless Kicks 2018 "Sounds legit - NOT...lets set a benchmark of 12p for the purchase of 3AB and then 'drive the price down'....hmmmm yeah ok...KO has always given the company working capital - this year is no different and as last year shows, of the $8million given to the company, $7million was paid back from oil sales. Back to reality! Limerick is not buying at 10.25p because he wants to lose lots of money. He has 3.7million shares now at around 10p average. Once one of the deep wells is flowing, we will have a re-rate to around the 30p mark - two wells and 50p is likely. Those wells will being in $80million profit and A6 will bring that to $120million. Add to this the MJF in-fill drilling and we are at $200million end of next year. Then we in-fill the two deep finds in 2020 and drill 3AB....target is to become the 4th biggest oil producer in Kaz and I can see how we will do it! We have a clear path now and projection for $320million of profit within a few years. Anyone thinking we are going to 7p is a blatant de-ramper and in dream land. CASP is now on the verge of becoming a serious oil producer."
Same meat different gravy in his wonky eyed posts.
What do you call someone who tries to hoodwink everyone? No not Coffeecups - A scameller......
Sorry couldn't help it ;- )
DM,
Will you please stop pointing out the positives (as this thread was meant to do) while Coffeemug is trying to trash the Company, you know how he gets the hump.
The West Shalva anticline is bigger than Shakva's so I'm expecting to see a herd of camels not just one around the Xmas tree this year oh oh oh...
And all alive and well, pun intended.....
Https://heresajoke.com/camel-jokes/
Sorry, I can't take any of this seriously!
Mike, the oil's on the surface, they don't even need to drill for it.
Oil and gas producer Caspian Sunrise (LON: CASP) is paying up to $15m in cash and shared for CS Energy, which holds licences to the West Shalva contract area in Kazakhstan. This is near to the Shalva field. This is a lower risk asset because the oil is at shallower depths.
Alarm: Passed away camel seen near an abandoned and leaking Christmas tree on the Shalva oilfield in the Mangistau region in Kazakhstan
Coffeemug,
Here's what you said earlier today.
"Not me Bully, mine were 1's and 2's, not adding, prolly Smarmy."
Stay off the pork pies pal.
So having done a lot of reading, I think we can all agree that dear departed Humpfree the Camel and the leaking oil well (As in the picture online) was not even on the same oil field, West Shalva is not the same as Shalva main field.
Clueless,
Volume in 1's and 2's, made it clear added for a trade pot 2.4 and upwards, you could try a patch might help with following the rights lines?
Coffeemug,
You said you've only bought at 1p and 2p?
The other day you said you'd bought more when the share price was 3p-4p?
Care to explain 🤔
Clueless,
is that Pustynnoye that also has the sub soil rights for gold extraction in its licence .... that has closeology to the large Kazak gold mine.
Told you get yr bird to read the Russian for you, you wont struggle as much trying to ramp these newbies in so you can dump on them and change your name again ;)
Wolfi,
Also from that link there's another link, here's a snippet.
"Kazakh-registered Priority Oil & Gas paying 1.94 billion tenge ($4.3 million) for the Pustynnoye field and the Balykshy block in the Atyrau region.
Pustynnoye is a minor oilfield covering just over five square kilometres, but the Balykshy block spreads over more than 1500 square kilometres, according to the Kazakh Energy Ministry."
I wonder how much of that $4.3 million was paid towards the 5 km2 oil field, bet it wasnt $15m.
But let's not mention that hey Coffemug...
Adrianz - I do believe you've hit on the most important function of these BBs and its not getting investment advice !
Auditors are in the spotlight in the last couple of years for failing (or refusing) to spot major aberrations in accounts (eg the London Capital Finance fraud) and are now sometimes refusing to take certain clients - this could be the reason, they had to get auditors with poorer eyesight !
Joe,
Block 8 if you read the RNS none of it is set in stone, it's got slippery Carverism's written all over it.
One example.
Nephew owns Block 8
Casp took out a Bank Loan for $5m to drill block 8 using CTS, Auditors flagged it and refused to sign it off and made them go back and point out they had tried to fudge it in the accounts and that this had been corrected to a loan and not a commercial transaction.
They have appointed three sets of Auditors ( why? these large firms are multi juristictional )
If the deal doesn't get done K.O will repay from his future Dividends... what if its an asset sale to the UAE owned companies and its not technically classed as a dividend ...
Why is he guaranteeing to repay a CASP loan.
Watch the terms get changed.
Coffee - that article that you put the link up is for the Shalva field not the West shalva field that Casp are buying. The Shalva field also has new ownership under the control of Target Union.
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