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feels a bit like a mafia move lol
Beynon,
I can get you an oil exploration block in shallow Kazakhstan waters, geology looking good from what we have seen, close to an expanding refinery that some friends of mine are running. plus nearby barges (shipping Co very well known) that can run monster finds across the shallow lake part of the Caspian Sea to another larger refinery.
If you need some tax advice and help on sub soil agreement interactions plus any concert party structures let me know.
We have an on board Lawyer who can deal with any merger or acquisition issues you may wish to discuss.
I know all of the local customs and Nationwide laws with my experience of gaining the first oil field approval under the new Kazak regulations.
And most importantly can also supply or partner with the only available self propelling drill rig that can cope from 2.5 to 7.5 metres in the whole of the Caspian Sea at a very competitive rate to suit.
Or you can go it alone - build a drilling island, attempt to side drill into your structure from land, find your own contacts in the Kazak Govt and power structures to gain the necessary approvals, sort out a transport or pipeline tie in, take on a Kazak comfortable legal team to smooth the way for you.
I don’t like this purchase at this point in the company’s development but is it just that this asset will allow Caspian to get in on more fields and developments as part of a consortium where they provide the asset? Far lower risk and cheaper than buying land and deep drills all the time. This asset is almost a gateway asset for developing these areas. Agree with the potential to bomb low is the same as high. You just can’t guess what will happen next
JMR - he has a good lawyer already lined up .....
Spot on the price will drift until the EWT starts, the market has no confidence in Clive's announcements. When A5 first started to flow in 2014 the price went up to the mid 20's . In a different place now, won't see that unless we get a good EWT.
Tommy my personal opinion is that the stock price is spring loaded. All it will take to release it is to actually start and complete a flow test. Management know this and are rushing to grab one more chunk of the company before the spring is released. The last time the market thought we were going on a real flow test the shares jumped to 17 pence.
I have a lot of patience and that's how I survived all this time in this share. I also don't like to have someone stick there hand in my pocket and by a loophole it's not considered theft. I stil think I will make good money on this share just not as much as I would have before this share grab by the big (thieves) boys.
Ive been investing in casp for a year probably actually more like 2 years.
Everyday its the same old same old people expecting the price to shoot up after a little bit of good news. If the company is deliberatly keeping the price low unless its unlawful theres not much you can do about it.
If people were smart they would be buying and selling on the small variations in the share price. I left money in for along time waiting for the big increase but have started to buy and sell with the price variations or i guess day trading, ive made enough to be happy with continueing do do so and the share price has been extremely predictable with the spikes. so theres always money to be made even when the price is declining.
Anyway my point was thing take weeks and months and not hours and days that alot of people expect to do things and make profits from a company.
Belles , I reckon they are holding back the A5 news and working on the other blocked A wells , possibly spudding another MJF and getting Sinopec to spud A9 .... BoatyMcdrillFace gets passed in Feb and away it goes .... but i'm feeling optimistic as its nearly Friday ....
Assets to sell....dumping liabilities more like, 50p, not this side of Christmas!
Well in Clive's bonus structure it does look like this goes up to 3bn shares, for ease of maths currently at 2bn, last dilution of 160m shares at notional value of 12p and you could possibly argue against an asset nav of $50m.
If they buy another field and refinery or pipeline and swap an extra 1bn shares at 12p or higher - I'm betting the A wells are flowed next so it will be at higher thereby giving Kuat a profit on his rig sale stock that sounds ok to me subject to its BOPD, sulphur content etc.
Coffee, I hope you are right about no more assets to sell. Unless of course they buy some from a friend ......
Mr C .....
It has been held in a tight trading range - reason so they can get the share conversion ratio they wanted.
This is nearing the end of the selling assets to Casp phase (they've run out of assets) so they will use production income and debt with possible farm in / out of offshore blocks for future develpments.
They have to retain 99% of Airshagyl block for control over offshore Divis and sale agreements so not expecting a farm in there.
CC - my ave is below 12 but to be honest you do not need a big long post to say that it is rangebound in the range you suggest..Not everybody wants to skillfully trade a share to make money - a lot of people on here are investers and not really traders.
Or are you syaing the share is only suitable for day traders ?
All sounds exciting CC. You forgot to mention the rig purchases. Not sure where we are at with them. The Clive bonus on paper sounds good for shareholders. Not sure why he was offered a cash bonus and not shares? Clive has also never bought a share. He doesn't seem a keen employee or spreads the good work of casp.
Mr C - looking at the history here they have managed to keep the S.P between 7.41 and 12p whilst they diluted the shares by adding in their other pre - owned assets - if you're average is below that you can trade happily should you wish to.
Prev to Baverstock merger - didn't own 99% of the MJF, 3AB and BNG fields - they now own 99% which gives them greater autonomy and control over dividends and sale.
3AB - Kuat's Father owned it 100% until 2017 - he could have sold that to Total or elsewhere and pocketed the lot - something bigger than that potential sale is planned and that something at 44% ( casp ownership to the Oraziman dynasty) will be more beneficial to them, i.e a larger amount of money ( offshore to UAE ).
Caspian Explorer - Kuat bought it I think circa $50m is the book value - he rented it out for two years $52m in fee's - nothing last year, sold it for $25m - again like the 3 AB deal on face value it doesn't make sense, my view no drilling went on last year hence it sat in dock, but new round of licencing is happening for the offshore blocks and they publicly stated to a room full of people in London they would be pursuing their own offshore block so demand for its services will pick up, R & M will be high so it needs to work.
Looking at the concert party, I cannot see other assets that they own that need to be taken in doors that will enrich the Orazimans and concert party further down the road.
The next items required.
- Offshore block / farm in / or lease of the C.E. to a major who doesn't want to deal with Kuat et al ... all good potential events.
- Boat sits in dock before being scrapped - cost $1.2 m p.a - in the scheme of things - so what, equivalent to one shallow well costs.
- Pipeline - I've read and heard anywhere from $3m - 40m - depends where it travels to.
- Refinery, Korean field nearby looks favourite, Total at Dunga are increasing their refinery capabilities as well, oil can be barged across the shallow part of the Caspian Sea to a refinery.
Once Kuat et al have thrown all of their jointly owned assets in one Company then that enlargened company becomes saleable.
If we focus on what is good for the concert party after their assets are ring fenced for additional (cheap stock then future events are less likely to see dilution and more to see debt funding.
Another billion shares are planned, as per Clive's bonus scheme, is that a refinery merger, pipeline costs, they dont own pipelines or Refinery's as far as i can find out so these will be external events to them and for that they will want a much higher share price ... that explains Clive and Kuat's bonus scheme, Kuat likes to be rewarded at each stage, from now on in I cannot see him taking more shares like he has been doing so he will be recompensed with smaller bonus payments that in turn might be taken as stock or cash.
My thought exactly its beasy to dip in after holding for a couple of months and say be patient, but this company keeps doing things and buying things that supress the share price and we have all been here for years....
Depends on how long you may have been invested here already.....
You lot need more patients surely. It doesnt take 5 minutes to dig a well and extract oil. It takes even longer to make a workable business from it. Everyone knows we are here for the long game. Just have to wait!