Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Got to be something tomorrow surely its been 8 weeks ??
Oil holding up above $75 as a result of crude draw, improved demand forecast, Iran talks stalling and no excess crude on the market, hopes that Omicron not as damaging as initial expectations although far too early to comment , yada, yada.
Crude has averaged above $75 over the last 6 months so we should see healthy revenues and profitability, buoyed by the 154 result in July. Hopefully 153 is adding to that and SY another 300 bopd. At this juncture Caspian is in the strongest position now than any time since 2007 to exploit the current asset portfolio which is also the largest it's ever been. Every horizontal success at 500bopd ? delivers $10.5m pa at current crude prices. How many wells to be drilled ? 15 inc SY ?
Providing they succeed with the boring stuff at MJF and SY, we all see 2 or 3 bags from here and as stated many times, everything else is upside and the question is when not if.
Hopefully we get to see some positives from next announcement that show that we are moving in the right direction.
Mike,
As one of the posters on ADVFN has highlighted from answers to shareholders questions, updates moved from monthly to quarterly unless there was anything significant to report on. That would suggest that we have no significant material news which we all know is very unlikely with the number of operational activities on the go.
As long as current production is holding up, the cash will be coming in enabling them to conduct operational activities, hopefully the shallow wells at MJF/SY as that’s almost a guaranteed way of increasing the sp. Barge will hopefully add more cash giving them more options but this wait for news is really dragging on and I certainly don’t want to see a Carverspeak special !
Well this is dragging on, Clive "Im no expert" Carver must be waiting on some numbers/figures before the big RNS, with POO still maintaining the mid $70s this is all good for CASP/us, with very little churn I think everyone has gambled what they want to now, come on Clive!!!!!!!!
Kk agree completely with that and another rockhopper certainly possible.
Equally just 20p on mjf, s.y, boaty, 3ab and a divi announcement off back of increased cashflow.
I'm not greedy ;)
Yep CC, we can achieve many bags without flowing a deep but the RKH/GKP type appreciation will come from the company making deeps.
Most of us have seen the flaring video from A5 after the side-track but maybe ODS or others haven't seen it ? Flowing at 3800bopd for c 15 days before getting blocked again. This is why they persist with the deeps , the oil is there, can they solve the pressure/heat conundrum and use drilling mud that doesn't get lost in the structure.
https://twitter.com/caspian_sunrise/status/931457952820711424
Doesn't need to flow a deep to multibag from these lows ..
1. MJF
2. South Yelmes
3. Boaty Mc Driill
4. 3AB
They are what I focus on, the deeps company making for sure in that they could take it to the next level, technically challenging, cost lots of money ... not why i'm invested here, should flow at some stage.
The list above is what is driving this at the moment from 1.5p to 4.9p ... retraced as it backtests and awaits next news anywhere between now and next Easter .... company is profitable and can continue plodding along with the deeps, as tax is paid on the whole of the BNG licence area it looks good to extend the licence for the deep exploration.
You would think if Kazakhstan wanted to increase output they would stop jerking around small explorers like Caspian. They are more worried about what small amounts they can squeeze out of them today than collecting big dollars tomorrow. The least they can do is wake the guy up with the rubber stamp and make him stamp the paperwork to get our 300 bod going again. That would be huge for us and wouldn't cost the government a penny.
Caspian to flow a flipping deep, is that too much to ask after 7 years :(
ODS,
Yep, oil prices will get silly at some point and does that mean that marginal fields like Cambo (or politically too sensitive !) are back on the table or does the divestment, loss of jobs etc make it too difficult to re-engage ? Will increased oil prices mean that there will be re-investment in exploration ? especially in the OPEC+ ,Russia/Kazakhstan etc where they have NO intention of stopping production.
About time our Casper started building that production volume and hopefully Clive's long awaited RNS is not a disappointment, fingers x'd.
All i know is that i'd like Caspian to
A friend of mine is a Project Manager in the oil business. He says "the oil industry only wakes up when oil tops $80" He should know, his job depends on it. Political pressure for cheap oil is at best a short term fix. Sub $80 the big boys aren't investing much and the scenario discussed in this thread will happen. The overshoot could very well take oil to silly levels. Who knows? The reality is the world is hooked on oil and will remain so for a few decades yet. Electric vehicles just move the emissions (and the problems) from the exhaust to the power station. Nuclear is a potentially bigger problem than oil and will come under further pressure if and when there is another accident and renewable's are just not growing fast enough. All my opinion of course but that's why I'm still long on oil. Still nothing from Clive which is disappointing!
Oil underinvestment VS all Western Governments policy plans to develop heavy goods Hydrogen network for Materials Handling, Bus & Truck, & Shipping ... oil is going up as the World's Govt's would find it very hard to stop being "Green".
Certainly not, could you imagine "Toad Hall" with a charging point !!!!
So many factors will affect crude but underinvestment will be a biggie down the road, that with the continued environmental pressure. Biden played his cards and the supply/demand games will continue, geopolitical games, Iran etc but the future will be expensive oil which will accelerate the move to green energy.
Toad won’t be installing an electric charging point on the premises for the foreseeable future ;)
Things are looking good for CASP, shallows or deeps and maybe both Underinvestment and a focus on the energy transition will create a global oil supply shortage in two to four years, according to three-quarters of US oil and natural gas executives surveyed by the Federal Reserve Bank of Dallas in June. One upstream executive said policies focused on limiting oil and gas growth, restrained capital budgets in favor of free-cash-flow generation, and continued consolidation could lead to an undersupply for growing demand. "OPEC is back in the driver's seat," the executive said. "If they can balance market share with high prices, they'll take it."
Another respondent said only one of 400 institutional investors their company has worked with is currently willing to give new capital to the oil and gas sector. And the same is true for public companies and international exploration, the executive said.
"This underinvestment coupled with steep shale declines will cause prices to rocket in the next two to three years," the respondent said. "I don't think anyone is really prepared for it, but US producers cannot increase capital expenditures: the OPEC+ sword of Damocles still threatens another oil price collapse the instant that large publics announce capital expenditure increases."