Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Not me mate but noted the a/c and its message.
Shin
@Shin32465540
·
13h
#CASP
The internal temperature of A8 well is 150°c. The pressure is 7500psi.
After the flow test, four deep wells be connected.
George: are you being naughty ?? #CASP - shin lol
Somm,
I'm just repeating what is written in the RNS and not making up my own numbers, I agree with you it could be anything but this is what the Nomad approved RNS says . .. NOTE the use of the word potential, also remember it could be more same as the flow rates increased at MJF recently, the strike find can be increased once the data is reviewed.
"Three potential oil bearing intervals covering, in aggregate, approximately 140 meters have been identified"
Mr C .. what I said was this, hardly saying go all in is it.
"Badge in the sensiblest way possible without taking a massive personal financial risk i'd throw the sink at it".
CC,
Think net not gross meters.
The 5m interval will be net of whatever the intervals gross thickness is.
Each inerval won't be say 50m net.
No, its the number of £'s I would have for every time I have read on a share BB someone saying to go in with everything ! No one in their right minds bets the farm on any AIM share especially one with a record and web of deception like this one. I have a few grand left in here and thats enough !
Rns appeared to be mainly about the 33% increase on prior year production being about a $66m co this year at stable prices and no incremental. 1 deep and that more than doubles.
Five metres perforated x 120 bopd flow rate.
140 metres perforated x 120 bopd every 5 metre = 3360 bopd.
1000 m horizontal side track x 120 bopd per every 5 Metres perforated = 200 x 120 = 24000 bopd
Imagine that ....
Ha ha 8-))
So did I!
UNC, I just had to Goggle that 8-))
Is that as in Angel Number Mr. Cautious?
120 Bopd on a 0.15mm choke?
Well what what an incredibly vague RNS, certainly not written to draw attention to CASP, almost like they have had to release a (Deep flowing) RNS, ........120 Bopd !!! I used to have an old Mitsubishi Shogun 2800 that leaked more than 120 Bopd
1123
Cc that sort of post normally sounds the alarm bells!
However did anyone think when reading the rns, this is trying to pump up the sp? I read it and thought ‘ they couldn’t have been more vague if they had tried.
it’s flowed a bit for some time.
I think they don’t want to call attention to themselves in this climate. I’ve said before they have no need or interest in the current sp, they released the minimum they could to keep the nomad off their case.
I’m expecting the news to keep coming and I can’t see us being down here for long.
Un,
I can lie and make up whatever you want to hear, to save time you put whatever you want and say I said it or did it, thats fine by me as its only a share bulletin board.
So CC have you bought back in over and above your free float?
Otherwise your word is no better than Boris's
Badge in the sensiblest way possible without taking a massive personal financial risk i'd throw the sink at it.
If this does come off its the oillie of 2022, if it doesn't so what you will still make a few quid off of MJF.
Assuming the acid and drill programme has found the recipe for Airshagyl and 801 this formula can be increased in batch sizes and injected into each drill thereby flowing.
A5, A6,A7, A8 801, 802 and getting them all flowing in 2022.
This can be done at each drills current depth to enable production and flow, once the rigs become clear from the MJF drills they can be taken off line and individually re drilled into the Devonian to hit the Deep structure.
What your saying makes sense cc but the market wants to hear it from Caspian, at the moment it’s all supposition. Gives me a chance to buy more though, Caspians good like that!!
Awax, if you blend todays RNS along with the one from the 22/12/21 and read them together it gives you everything.
Todays RNS and in Brackets ( ) RNS from 22/12 21 my comments are (( ))
Deep Structures (( Devonian, Deepest part of the new A8 drill ))
Deep Well A8
The Board of Caspian Sunrise is pleased to report initial production from Deep Well A8 on the Airshagyl structure at the Group's flagship BNG Contract Area.
Production from the first of three intervals planned for testing has been at the rate of approximately 120 bopd for several days. Work continues to establish the full potential of this well.
(Deep Well A8 has been drilled and logged to a depth of 5,450 meters without incident. Three potential oil bearing intervals covering, in aggregate, approximately 140 meters have been identified, with an initial 5 meter section already perforated. We expect to have results of this perforation shortly to announce.)
(( therefore the 120 Metres only relates to the first perforation of 5 metres - common sense, new acid formula with limited supply of materials perforate a small batch and see if it cleans the bore enough to enable the mud to be cleared and production to start, three potential oil bearing intervals of 140 metres, divide this into 5 metre section and you have 28
28 x 120 = 3360 BOPD potential, remember the 120 base line number is from initial flow where drilling mud etc will still be being cleared ))
Production levels
Aggregate production for the year ended 31 December 2021 was 533,857 barrels at the average rate of 1,462 bopd (2020: 545,667 barrels at the rate of 1,495 bopd).
Production for sale in January 2022 is expected to be approximately 65,000 barrels.
Comment:
Clive Carver, Chairman said "The early results from Deep Well A8 are encouraging. With international oil prices in excess of $85 per barrel the Company is set for a good year."
( Further deep wells
In compliance with our existing work programme obligations a new deep well on the Airshagyl structure, Deep Well A7, is set to be spudded before the end of the month. The well has a planned Total Depth of 5,300 meters and is targeting oil in the Carboniferous and Devonian. Drilling is expected to take approximately 4 months.
A further deep well on the Yelemes Deep structure, Deep Well 802, is also planned to be spudded early next year, with a planned Total Depth of 5,300 meters and is also targeting oil in the Carboniferous and Devonian. Drilling is also expected to take approximately 4 months once spudded. )
( Carboniferous and Devonian. Carboniferous is the upper level of the deeps, it is what they have hit all over the Airshagyl Deeps, Devonian is what they refer to as the deep structures.
It means A8 will flow at least as hard as A5 did before it got blocked, it also means that the acid treatment works.
Need to see progression and no problems, ie vuggy blockages, stuck pipes etc
Anyone know the water cut rate in the area ?
georgessa might know the answer?
We need to know if this 5m is flowing at the same depth as the A5/ other deep wells so we have an idea of the size/ depth of this particular reservior.
If the pressure/ heat isn't too much they may go back and drill it Horizontally for 1,000 meters?
Anyway, where ever the depth of this light oil is at we're in the money especially if the other two inervals flow - new CPR this year for sure.
My favourite piece of the rns is "for several days".
They know to the minute how long etc: