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Tucson,
It is crazy when you think that Covid could've taken them down but i suspect they'd have survived as they would've funded it from KO/debt, equity. The biggest burden would be the BNG charge and boat but hey, that's history now.
Many on the boards have been in it for a long time and i can't recall a time where there have been so many operational activities on the go that can impact the sp positively. Pre the deep program in 2013, the expectation was high as no history of failure or drilling problems and you could see what the A5 initial discovery did to the sp. Unfortunately 7 years on, those issues have continued on 4 deeps and any blue sky value has evaporated. Market doesn't believe a deep will flow and if A8 was the first well drilled in 2021, the 4 oil bearing interval news would've sent the sp northwards at pace, unfortunately the market doesn't believe that it will flow.
I took the decision to average down by taking more stock at the recent lows as it was undervalued but still huge risk because of Covid and maybe MJF depletion. That is now history hopefully and the shallow production alone gives investors upside from here and the additional cash means that can build revenues and work the other assets in the portfolio.
I won't be cashing up anytime soon as the deeps, 3AB are a free punt and they are multi-bagging opportunities, even the barge is from this level and if they generate more cash then they'll have oportunities to buy more acreage, take part in an offshore project with CE ? who knows.
The immediate downside isn't from A8 failure, there's no value in sp for it, the only downside is from the shallows not delivering and generating the cash. That's not the case now and even if 153 is a flop, the sp demise will be minimal as there's too much material activity on the go so as i said, a buy opp on poor or good news, hopefully the latter.
Reall money to be made but this is a Kazakh controlled company in a corrupt part of the world so always risk involved.
Let's see what we get this week as 153 should've been perforated and tested.
I remember you saying that Tucson and thinking you would probably change your mind when it came to it. At that time we didn't have all the positives lining up in the way that they are now. FOMO! Gets to us all
Tucson, greed or the realisation CASP may be on the way to something very big, anyway glad you are still here, at the price of Brent these days a lot of money is rolling into CASP and with so much potential for the future
Brent did actually get over $86 early this morning. All the ducks are lining up.
Crazy investment really and plenty of risks from geopolitical,regulatory etc but I figure that KO and co have laid their chips and it’s about to deliver returns .
DM,
….lol . Currently Surrey Hills cyclists and moving onto to Dorset. A different car for each day into town., making a noise and my new neighbours will be saying, what a kn*b , growing older disgracefully :)
Don't forget me overtaking him broooooommmmmm!
Brill, Ive got nothing like that but still scary watching your PF jump up and down by huge amounts just on 0.4p change, F40 coming your way at 25p, I have this amazing picture in my head of you driving around the South Downs like Toad of Toad Hall, running cyclist (And Prius drivers) off the road ha ha ha
DM, not me but the Tucker clan, Mrs and daughters have amassed that number. Was cheap to add the additional 2.7m so let’s hope we all get lucky next week BUT not counting any chickens as always.
Belles, you and me, I can not actually remember now how long I have been in ROXI/CASP, its been a long and winding road ............. Im sure there is a song in there somewhere 8-))
Diver.....
Well I for one I am looking forward to some brilliant news in the next few day.....I’ve been looking forward to some brilliant news this last 7 years
Should be another good week. The Sun reported Friday there is going to be a big run on oil shares this week as people are using it more and more due to the high gas price. Bring it on.
Well I for one I am looking forward to some brilliant news in the next few days, loads of good news to come here, next stop 6p then a quick hop up to 10p, ........... KK did you ever make your holding up to 8 figures? .... £100k per penny