Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Haaaaaaaaaaaa Behind you, Humpfree is about
Retiring !!!!!!!! dont leave us 8-((
Diver,
Wrong page, Humpfree - still laughing.
Even funnier, you were then shown proof from the WH Ireland report on the Caspian Sunrises website, it was the well at West Shalva that was leaking.
"So having done a lot of reading, I think we can all agree that dear departed Humpfree the Camel and the leaking oil well (As in the picture online) was not even on the same oil field, West Shalva is not the same as Shalva main field."
Best use of your time is probably ringing up the Nomad and asking them why they have signed this purchase off after the Nephew formed a new company (CS Energy) in 2023 and bought a small parcel of land and has flipped it some 8 months later into CASP with no work performed for $15m.
As Adrianz said the information will be made public as the Kazak Govt file everything in paper as a digital online file for everyone to access and read.
Then ask them to look at the Block 8 deal from the same Nephew ...
The last Kazak environmental fines I read about were $700k and expected to rise so you will be protecting your CASP investment.
I'm retiring soon so wont be around, good luck Mike, it's been fun.
Mike, that is a shame.
Maybe you are on the wrong page?
Positives .............. Camel meat is over £34 per Kilo, now there is something not to get the hump about
George, Ive been trying to find maps on West Shalva, but very little info
Gaffney Cline (GC) estimated the SW block to have Gross Prospective Resources (U1/ U2/ U3) of between approx. 2 million and 15 million boo i.e. the Gross Prospective Resources are 100% of the volumes estimated to be Recoverable, our smaller South Yelemes reservoir is probably similar in size (produced 400k+ boo since 2010 - MJF has produced 2m boo since 2016).
In CASP's Q4 2023 Presentation it says they are getting $33 pboo net per mini refinery (MF) barrel and $28 net for a domestic oil (DOM) pboo - average approx. $30 pboo - with a $34/ $32 Headline Price for RF/ DOM and $34 net pboo for international oil with an international oil price at $93 pboo. Interestingly they say they are paying $1 pboo tax on RF/ DOM and $9 pboo for DOM transportation and no transportation costs for RF pboo - so they're getting $33/ $28 net pboo - obviously this can change as the price of oil rises and falls.
If the above GC Prospective numbers are correct, and the net oil price, that works out at about approx. $60m - $450m - which could add some serious $$ to a T/O bid. Obviously the oil has to be there and no doubt there would discount to boot, at the end of the day it's another slice of the pie.
What RF % have GC used?
Amazing.
At least five whole minutes since anyone mentioned dead camels ....
@DiverMike
@Wolfi
Got any more Camel jokes for me?
https://wp-caspiansunrise-2020.s3.eu-west-2.amazonaws.com/media/2024/04/Caspian-Sunrise-West-Shelva-PR-Audit-10-April_Final-1.pdf
"The West Shalva Prospect has ...oil been reported but not tested"
The West Shalva block straddles the boundary with other adjacent blocks - i.e. the oil isn't on their land but they have caused the spill by right of ownership ( read Sub soil users agreement for clarity )
The prospect is 3d mapped in poor clarity.
NO well tests were conducted at that time , however oil shows and oil films were reported at that time, the well was abandoned, but recently is has been reported that oil is leaking to the surface.
WH Ireland didn't mention the dead camel ... that reports given me the hump etc etc Zzzzzz.
@DiverMike
@Wolfi
Got any more Camel jokes for me?
"The West Shalva Prospect has ...oil been reported but not tested"
The West Shalva block straddles the boundary with other adjacent blocks - i.e. the oil isn't on their land but they have caused the spill by right of ownership ( read Sub soil users agreement for clarity )
The prospect is 3d mapped in poor clarity.
NO well tests were conducted at that time , however oil shows and oil films were reported at that time, the well was abandoned, but recently is has been reported that oil is leaking to the surface.
Gaffney Cline report on West Shalva doesn't exactly fill me with confidence.
Well then say hello to Somm,
He's been back for months lurking and getting braver...
Flawless was a freekin menace and I'm glad to see the back of him !
I haven’t read it yet, I’m out shopping for Masters goodies as the kids and dog are landing shortly. Burgers, ribs , buffalo wings, tiger prawns and some Craft beers, can’t wait :)
Did I hear my name mentioned?
Flawless,
Thanks for all the fish...
Remember, it's all your own fault, it's all your own fault ...
Lol , very funny
Have you got a link Phil, keep getting error 404
Keep making it up as you go along scameller ZzZzZzZzZzZz....
The Gaffney Cline assessment is on the company website.
Good droll dromedary comedy, Somm. A detractory Bactrian jibe
Somm, aka Clueless Hicks from 2018 before he got banned last time .... got the serious hump with me for selling out from 14 to 12p - I even put on these boards I was selling and why ... the general abuse was hilarious.
We all want to be positive and believe the sun is going to shine tomorrow, be careful who you get to read you the weather report, Michael 'Somm' Fish.
Flawless Kicks 2018 "Sounds legit - NOT...lets set a benchmark of 12p for the purchase of 3AB and then 'drive the price down'....hmmmm yeah ok...KO has always given the company working capital - this year is no different and as last year shows, of the $8million given to the company, $7million was paid back from oil sales. Back to reality! Limerick is not buying at 10.25p because he wants to lose lots of money. He has 3.7million shares now at around 10p average. Once one of the deep wells is flowing, we will have a re-rate to around the 30p mark - two wells and 50p is likely. Those wells will being in $80million profit and A6 will bring that to $120million. Add to this the MJF in-fill drilling and we are at $200million end of next year. Then we in-fill the two deep finds in 2020 and drill 3AB....target is to become the 4th biggest oil producer in Kaz and I can see how we will do it! We have a clear path now and projection for $320million of profit within a few years. Anyone thinking we are going to 7p is a blatant de-ramper and in dream land. CASP is now on the verge of becoming a serious oil producer."
Same meat different gravy in his wonky eyed posts.
What do you call someone who tries to hoodwink everyone? No not Coffeecups - A scameller......
Sorry couldn't help it ;- )
DM,
Will you please stop pointing out the positives (as this thread was meant to do) while Coffeemug is trying to trash the Company, you know how he gets the hump.
The West Shalva anticline is bigger than Shakva's so I'm expecting to see a herd of camels not just one around the Xmas tree this year oh oh oh...
And all alive and well, pun intended.....