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Spike the reserves will feed the market cap and the reserves come from the deeps.
I guess you have to forget the share price and look at the mcap and ask yourself if we flow all 4 deep wells, into production, will we be looking at a £800m plus valuation on the company as opposed to our piers ?
I tend to focus on mcap rather than share price
But, there is a LOT of news coming in the next 4 weeks, and if A8 flows, which reading the interims they seem very bullish on, this would turn the company cash positive and have a large impact on the share price
Short term with one deep well flowing and three others about to be perforated, with a combination of results, expectation and potential, my best guesstimate is around 20-30p short term, until full production is in place and the other infill wells drilled
However, getting even one deep well flowing at circa 2000bopd de risks the stock, coupled with what is being produced already
Positive news on A8 and we could be in for a very exciting and lucrative year
Interims very bullish for a change.
It’s now been 6/7 days of mud clearing and testing, so if we don’t hear this week I would be surprised, certainly early next week, say 5 days mid clearing and a 3-4 days on test
Cheers Rhertig - I think this needs saying - I talk to a few people about CASP and the constant numbers I hear when everyone talks about top slicing is either 20p or 30p - both numbers are large pyschological hurdles to overcome in the penny share market so I get why these two numbers are thrown around - but to my thinking it's a lazy thought process.
I say slice at 50 then a pound but keep the bulk for dividends as that is when it will really grow and the opportunity for a decent buy out price may appear, and they tell me i'm giving them b.s and how many will I really be selling at 20 or 30p ?
Lets say that Kuat Oraziman initially approaches Tim Field - says Tim we are really going to drive this business the share price is 12p at the moment we are going to take it to 20 , maybe even 30p come and join us ! and you can have options at that level as well !
He is not going to exercise a 20p option if the share price is 20p is he .... pointless exercise, he will at 50p or a pound.
Look at the options given to Carver, Limerick and Field, Carver and Limmerick are the old guard so theirs start cheaper when the company development plan wasn't as formulated as it is today so ignore them as being out of date to what we are "worth" now.
Focus on the options granted to Tim Field, the plan was more fully developed then and he would have been shown it and given a target commensurate with expectations of where they are driving this business, then factor in that these options are meant to be baggers for the non exec's.
Here is one RNS for 1m shares at 20p https://www.lse.co.uk/rns/CASP/caspian-sunrise-plc-award-of-long-term-incentives--plwxwi9ca4u1bha.html
Then there is Clive Carver's and Kuat Oraziman's bonus scheme to relook at and work out a share price from that - that is over 30p whatever way you look at it - again they will want multiples of that.
https://www.lse.co.uk/rns/CASP/caspian-sunrise-plc-award-of-long-term-incentives--plwxwi9ca4u1bha.html
Once you have looked at these numbers you realise they don't make sense so I focus on Fields options as being plain and simple and very achievable this other scheme looks like its made to confuse the issue, only half the info is there.
Since I've been in CASP its bounced between 2.4p and 24p so to go and head hunt Tim field you want over 24p otherwise you do not need him you can get to this level on your own, what you need him for is the 50p, £1 and beyond that the larger acquisitions & mergers can provide for you, now that the concert party have put their smaller oil fields under one umbrella and own 99% of them they can go outside assets they already owned and start to really grow within the Kazak oil sector that is under funded and left weak by the lack of funding partly due to the failure of the state Banking system.
CC I like the way you think. Two thumbs up.
2/4 deeps plus the news today on mjf is over 50p imo ... add in the 3ab deal either way them to us or us to them and theres the first pound ....
If 3/4 of Wells flow we will be easily over 50p. So 5 bag potential or more for end of October I’ll take that thank you very much ...!!!
I'm sure Roxi hit 20p+ whilst waited for news on A5, turned out we had something stuck down there and we went crashing back down. My point is now we have 4 possible deeps going onto 90 day flow test Surely this has to be reflected in the Sp some time soon as we are not a 1 deep unfunded company like max which went to similar levels.