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No news...….could mean anything, this is Caspian!
Whilst I understand and share everyone's frustration at no RNS. Outside the weather I mention lats time, this comment in the last RNS implies to me that until they have worked out the optimum flow rate they are unlikely to put A5 on flow test. As to how long some time is Google is not very helpful, looking back through past RNS they tend to be in short supply in February.
So I am still expecting no news until March, (hopefully I am wrong) Lastly lack of news also shows that A5 is trouble free and still flowing.
This below is part of CC statement from 8th Jan 2020
'While it may be some time before we settle on the optimum production rate for the well it now seems clear it is capable of producing at a rate of at least 1,500 bopd, a rate greater than the current MJF production from the six existing wells'.
ATB Bottled
IHNC, I don't think being accused of ramping and deramping is really what I had in mind as a justification for filtering. Various people have suggested that I and other regular posters have been ramping for years (whereas we think we are just telling it how it is). That's part of the normal give and take on the board. However I do think normal standards of politeness do help contributors to get the most out of the conversation. There are some very knowledgeable people on this board (although no-one with and insight into to technical analysis at present which would be handy, even if I do think it is largely black magic) and we all gain from what insight each of us is able to contribute.
I know less about this share than others I have invested in in the past and would like to say thanks to many of the more knowledgeable contributors ( you know who you are). When people are in it for the medium to long term, as with CASP, it is also helpful to have some encouragement along the way, which can sometimes be misinterpreted as ramping!
Not long to go in my opinion. GLALTH
Expired also the same for placed, it translates it as expired.
Kazakhstan has a very good system everything has to be electronically listed.
Is the contracts tendering process there as a regulatory notification process primarily or to insure bid access for all the local players?
Hopefully expired tenders can be quickly reimplemented?
And some others .... they've been busy for a while - looking at Bico tender and its A5 sidetracks the quotes are done a few months before the contract is then awarded and started so this ties in with the previous casp pattern.
10/23/2019 Alma-Ata / Kazakhstan / Almaty Transportation, logistics, customs / Forwarding services, logistics
BNG LTD LLP (BNG Ltd) announces a tender: Oil tanker services for oil transportation at the Elemes Yuzhny field
Competition
# 147336136 21 427 500 KZT the term has expired
10/08/2019
10/23/2019 Alma-Ata / Kazakhstan / Almaty Transportation, logistics, customs / Forwarding services, logistics
They were getting lots of quotes late last year.... source Bico Tender.
BNG LTD LLP (BNG Ltd) announces a tender: Reception, preparation, storage, ...
Competition
# 148389222 931 725 000 KZT expired
10/25/2019
11.11.2019 Alma-Ata / Kazakhstan / Almaty Transportation, logistics, customs
BNG LTD LLP (BNG Ltd) announces a tender: Reception, preparation, storage, ...
Competition
# 148389218 93 172 500 KZT the term has expired
10/25/2019
11.11.2019 Alma-Ata / Kazakhstan / Almaty Transportation, logistics, customs
I am looking for A5 to run at 1000 - 2000 bopd, that can be stored and tankered, once roads are clear they will have more data on well performance and can then open it up for CPR tests.
There are two x tanker contracts on Bico tender - As per the AGM ( you were there ) they made it clear trucks were a short term solution to the cheap Pipeline they will lay under an easy lay system to nearby tie in and refinery.
On the 1,500 bopd current estimate it struck me that add to that number the current MJF production and Caspian are currently already maxed out on storage facilities. Although January with Its likrly ice hardened roads is probably the best time to have these issues.
Watch for an update re storage or tankerage solutions and only then might we see what A5 can deliver.
Remember last time the storage tanks were not sufficiently secured to contain the pressures! So there is a lot we don’t know.
CC - 20p? no, there would still be profit to be made from there. More like £1.50
Fizzy - you think he's bought in yet ? he'll wait for 20p surely ?
ihavenoclue - may i ask what your average is? so we can compare your success verus Jacksdads very impressive paper sucessess
Uncertain, gave back what I received. Deramping indeed...
Like proving you wrong then in 11 days.
If you have held since 2.9p you must have called this wrong for years
I find filtering is the best solution for people who make snide comments.
Ihnc you’ve just shown your true colours with so little provocation...so simple to do...like taking candy from a baby.
Quaytec,
I understand what you are saying, it's poss like when they spudded shallow well 150 three weeks before they told us.
Elicence is very accurate... it clearly says on the website and guarantees its authenticity that the electronic information on it is the same as the original paperwork.and this information states ....
01/20/2020 - 04/18/2020
(permit validity period taking into account preparatory and final works.
CC totally agree the news is market sensitive and all over social media but the license is FROM the 20th doesn't mean they've actually started flow test yet, but I am sure we will see it later today or first thing in morning.
Mr C - was in Petrockstowe recently - couldn't believe hoe quiet the place was ....
Lets not forget it is -3 degrees here in Devon so it must be parky in Kazakhstan so I would not be so hasty in expecting too mich too quickly. BTW this is not deramping as I have a pretty decent holding here !
Ihavenoclue - I agree with you 24.5p it is then by month end ... or 30p .....
2.4p is my lowest so a 10 bagger on that tranche very possible.
If you look at the increasing production curve for MJF.
Doubling of that curve production curve just by putting a choked back version on A5 on test 21 days ago.
Acid workover solution for 3 more deeps.
NOTE the RNS says production kept steady by using different choke settings - people read that and assumed the pressure is dropping off already and its no good etc.
The last time they flowed it straight at 3800 under the Vodka and Hammers Brigade and blocked it pretty much straight away.
This time they have been circulating the mud and taking out 1500 bopd, then as the flow rates increased, rather than risk the well and over flowing it to pull too much mud into the well bore they have choked back the flow rates to continue this process nice and slowly.
Once they are another 30 days in they can open the chokes for the CPR readings....
Compare the depth here to Tengiz wells that flow 8 - 12k bopd not impossible that we are in for a treat come Feb / March.
Jacksdad/flawless, it isn't deramping saying this won't hit 25p by end of the month it is just a simple look at the facts.
Get a clue what you are talking about BEFORE you post. And I feel REALLY sorry for Jack. What a pitiful whiny role model you are.
I have no clue...maybe instead of spending the day deramping here and on ADVFN you could do something constructive and tell your broker to buy before you miss out. I have no idea what the price will be at the end of the month. Just enjoy you trying me to make me look foolish. Did you buy at 2.9p...I did
Jacksdad, nope just need to wait 11 days to prove you wrong :)