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SmartyP1,
The 803 Deep Well must be at 3,000m? Not a chance! more like between 2km-2,500m by month end by my cals. TD to 3,950m (first interval of interest) or 4,200m (second zone of interest will be drilled to if the first zone is none commercial) will be nearer to August being kind, so I wouldn't expect TD any time soon.
They said they would be milling down the A5 stuck pipe yonks ago, obviously to no avail, and will now drill a 400m sidetrack spurring off the main drill hole (they initially perforated 63m of the 105m net pay intervals) and the last RNS 25 March said the rig was now in place - after 7 weeks since I would have expected the well to have spud by now with news anytime.
Firm discussions had officially started with a potential partner to bring Deep Well 802 into production 25 March (probably a lot earlier) so after over 2 more months (by this month end) surely an agreement with 'the' Specialist will have been signed. What will the deal be? $1-$2 per barrel for the first 1m barrels? If the MJF deal goes through sooner than the 8 August deadline they could just pay the Specialist instead of giving away a %/$ per barrel?
I think they've cracked flowing the deeps now with a new acid formula etc. the last deep well to be drilled was the A8 which was successfully drilled and perforated, will it be the same drill team working on the A5 Deep Well? I hope so as the A8 deep Well was drilled to around 5,500m!
Then onto the A7 Deep Well and Reserves booked thereafter.
Benny & Daehan know exactly why they were invited in to the fold ...
Was looking at satellites of 803 earlier.
A5, 803, sackfull of cash to flow everything else, maybe buy something ... Hmm ...
People will be adding at 7p going, this is going to be amazing ...
Mike,
Benny, Daehann etc, neither are they :).
That was a great find by Adrianz and I for one can’t understand how and why they’ve not RNS’d it ? most odd indeed. I can’t find anything in Casper comms to state that they were clearing the well? Last comms stated they were planning a side-track then nothing in the following update ?
Why isn’t the sp flying on anticipation of a positive result? Obviously history has softened our expectations but I’m happy to see it being done, they must have milled out the stuck pipe, tubing and anything else that’s been lost down there over the last 10 years. If it does flow, our Absolute may be looking at a different deal, if not, somebody else will.
803 must be through the salt by now and down at 3000m hopefully, not long to wait there and B8 too.
A chunk of cash coming their way, add in CE and B8 loan and some production, what’s not to like. This will win again BUT if A5 flowed, it’s a game changer, all for 3.5p . I be helping it along ;)
Thanks bluemango appreciate the reply.
Things starting to look good
Jimmy, apologies, been working today and only just saw your question, though looks like others have kindly answered it. Re Twitter and A5 activity.
Any thoughts anyone as to when we will hear news regarding A5 flowing? we have the financials next month so possible will be bundled with that or IMV wait for the 90 flow test results before telling the market. I am of the view no news is good news on that, Mean while other stuff to look forward too! until then will likely be tumble weeding.
Mike,
I've told u b4 u should join Twitter...
2011
May01Organization structure and sales channel renovation
Mar01Focus on well-being beauty product portfolio
Jan01Declaration of “Start-up Daehan New Pharm”
And the Ex Captain of the KC Caspian Explorer.
No one answered that Quiz question did they?
All the stock is in safe hands, this is going to fly at some point when those funded Deeps all flow ...
Midiel (Benny/Martin) have got a few shares in this ..... Midiel Engineering AG 110,812,501 4.92, I don't really understand why? and that goes for our Pharma friends as well .... Dae Han New Pharm Limited 224,830,964 9.99
Another family business like Caspian Sunrise.
Both have their eldest children in roles within the business ready to take over when required.
To have a planned succession is always a positive sign for any business.
Casp has Kuat's Son and Daughter, Midiel Engineering ( and other interests ) has Benny Igglands son.
Rocketeer, they’re 2024 images, update from previous 2017/2018 images over the last month
You can pre order a satellite to take an image on its next pass if you want to see live flaring.
I just checked and it was $3200 or $6400 to expedite it.
Anyone who wants to see flaring ...
I'm ok adding 2+2 to make 4
Rocketeer, I had a look last night the 2017 looks diff to this which is apparently 2024 imagery?
That plus the Flare licence online plus some other stuff = it looks legit to me?
We are all playing our own games so believe what suits ...
Https://twitter.com/adrianz_invest/status/1783783140990865649/photo/1
Https://twitter.com/search?q=casp%20a5&src=typed_query
a 2017 photo........
Sorry bluemango not on twitter.
Would appreciate a quick run down if you have time.
Thanks
Some images on Twitter this evening purportedly showing activity around A5 deep .....
😴
There's nearly three months to go before the exclusivity 8 August due diligence deadline, the sale will most likely go through, but if it doesn't CASP get to keep the $1 million and who knows perhaps another bidder enters the fray.
In the meantime CASP will continue reporting on the shallows, not that we're bothered now, with all eyes on the next RNS re the A5 Deep Well spud-flowing/ Specialist sorted - news month end?
If the A5 Deep Well can flow for a month we could be on a winner with the 802 to boot, leading to Reserves being booked on the two BNG deep structures.
I hope the Fat Lady makes an appearance soon after her booking agent GC have slapped the lipstick on?
What a funny ole day. 90% of the trade pre 12. I suspect we see more trades published after hours but 3.3-2.2 in favour of sells and still blue but bid weak. Some positive news on CE and B8 will kick this on or a surprise on any other of the assets. As always, tick, tock.
Anyone else got a feeling we might see an ops update later this week?
The 806 and 155 Shallow Well rigs will both be freed up next month to drill West Shalva (WS) soon after they've flow tested the wells so I'd expect an Op's Update in July? stating a WS well(s) has spud. If the Block 8 license has been renewed by then we could see a coupe of more wells spud on Block 8 in Q3 too.
The A5 Deep Wells G40 rig will also soon be available to drill either the A6/ 801 Deep Well in Q3? with the G70 rig is currently idling ready to resume drilling on the A7 Deep Well, a FDP will kick off next year to boot.
The 803 Deep Well rig will also be freed up in Q4 for more drilling year end.
That reminds me I need to call my dentist.
Smarty,
Yes agreed just sitting and waiting for market to digest what todays RNS means, next newsflow on A5 will take it off the charts and by August they are fully funded.
The £1m interim payment can be paid to CTS to finish A7's side track that was halted at 2150 metres.
The 2018 plan is all underway.
Ah, that explains it, thanks somm.
I wonder what links exist between the privately owned Absolute Resources and the CP? Maybe none ....
BM,
FYI.
''Our office at O&G Resources LLP is located in South Almaty. O&G Resources LLP is wholly owned by a private business.'' Maybe 'private' is why you're having trouble finding information on Absolute Resources?
Anyway don't take my word for it email/ call O&G LLP and let me know what they say.
+7(778)-609-6012
info@oandgresources.kz || export@oandgresources.kz