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Clive teasing us with loads of milestones before Christmas......it's getting really exciting now!
ISN'T selling
And they're desperate for your stock as Mr Rig or anyone is selling .
That it's bleedin well bid.
so what are you trying to say !
Never been able to sell 2.5m shares but can now @ 3.03p !!!!!!!!!!!!!!!!!!!!
8 million shares from the rigseller will be sold into any strength resulting from this RNS, moderating its rise. 400k have been sold already this morning although of course we don't know who sold them. About twice as many have been bought
On to roadside taking it all in…lol
First question, why has the so not reacted positively ? As always with Caspian announcements, you have to read over and over. Carver is always over bullish but I sense that Mr Shin is making a difference .
Get the slight negatives out first
- Production not as high as I hoped as MJF older wells depleting and need ongoing work overs
- 154 at 600 bopd as opposed to 700. Carver lead us to believe it could be more
- 153 drilling, another mid communication if drilling vertical then sidetrack as per 154
- Cash at bank not as high as I’d hoped but haven’t analysed P&L
- SY not awarded yet and now before year end . Hopefully no issues after BNG charge appeal failure
Positives
A8 oil shows from 4500-4800m !!
Boaty could be chartered to large oil company !
153 nearly there
153 is likely to be successful and the e stressed they’re using the same crew as 154. Hopefully SY licence award to follow and they can get cracking on SY shallows.
A8 on the way to Devonian but have found more oil at intervals between 4500m and 4800m !! to be tested when they complete task of drilling to Devonian.
Boaty could be chartered for an offshore well and that would be awesome news as it shows that exploration continuing and Boaty maybe a winner and not a noose around neck.
Don’t understand sp response but my advice, fill ones boots ! Probably be selling into any rise but this is a joke price currently but not for long.
Loads of p
Current developments
153 has been "redrilled" to 2200 metres out of a planned 2400 metres
3AB is awaiting a license before progressing with the partial farm out
Negotiations for a new Boaty contract are at an advanced stage
The intention to declare a dividend is confirmed
Yelemes expected to resume production before the end of the year
Drilling on A8 has reached 4840 metres out of a planned 5300
Horizontal drilling is planned for 146 and 141 once 153 is complete
A new sidetrack is planned for A5 in October
New chemical treatment planned for A6
Work on new deep weell 802 planned to start by the year end to a depth of 5300 metres at a cost of $5m (casing already acquired)
Intermediate highlights
Profit before tax $3.4m
Output 1124 bopd
Export percentage 66%
Current output 1689 bopd
Horizontal well maintaining 600 bopd
Sleepy head, unfortunately I’m a busy head this morning and in the car. Scan read RNS and lots to take in with positives and negatives as usual but definitely more upbeat.
Biggest developments, A8 already drilling to Devonian but oil shows at a 300m interval !
In advanced talks with Boaty re charter to a large oil company re drilling an offshore well
153 still drilling - I thought they were stepping out from 153 and then going horizontal ? or have I misread that.
Will post my thoughts a little later when I’ve had a proper read.
RNS with flow rates on MJF and getting wells flowing is so eagerly expected. Figures though showing we getting more cash for our oil which is great.
Always takes me a while to read through. What are everyone's thoughts?
Seems that way doesn't it dataself.
Sleepy heads here this morning..