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Keep it up Somm....definitely No 1 on the leaderboard ...lol
Over 2 weeks testing 153 and obviously know what they have/have not so why the delay ? Poor and waiting to soften the blow with other news ? Lots to update on and are they going for a full Carlsberg announcement.
153 - 50bopd+
SY approved
Barge charter agreed $20m+
A8 - last interval found is continuous and 100m to go to TD
3AB licence agreed and spud next month
802 spud next month
Rig moving from 153 to 144
A5 - pipes on site shortly
Production maintained @ 1800 bopd.
I can also paint the poor picture but enough on the go to have a few positives at least !!
3AB license agre
rhertig,
BTW.
The 900m OIP number was a decade ago and before we'd drilled the 5 Deep Wells (soon to be 6 Deeps).
We're going to see big OIP numbers when they crack the deeps. They only need to show live moveable oil in these deep structures to guestimate the OIP numbers (even if it's low API oil). When they do a new CPR I'm expecting a massive increase in OIP numbers and P & C numbers, which will no doubt still be conservative until Appraisal Wells are drilled firming up production/ flow rates/ API/ boundaries etc..
Majors will be more than sniffing by next years end for a slice of the pie. imo.
rhertig,
FYI.
''In January 2011, BNG engaged Gaffney Cline & Associates (“GCA”) to undertake a technical audit of the BNG Contract Area and subsequently Petroleum Geology Services (“PGS”) to undertake depth migration work, based on the 3D seismic work carried out in 2009 and 2010.
The work of GCA resulted in confirming total unrisked resources of 900 million barrels from 37 prospects and leads mapped from the 3D seismic work undertaken in 2009 and 2010. The report of GCA also confirmed risked resources of 202 million barrels as well as Most Likely Contingent Resources of 13 million barrels on South Yelemes.
The depth migration work that was carried out by PGS enabled Caspian Sunrise to gain a greater understanding of some of the deeper prospects yet to be explored. Caspian Sunrise believes the greater potential exists in the pre salt prospects and has plans to drill further wells to validate this belief.
In September 2016 Gaffney Cline completed an assessment of the reserves and resources attributable to the MJF structure based principally on the results from well 143.''
We're sat on billions of barrels of OIP.
90 million barrels of OIP? .... chuckle.......
Somm where are you getting 900m from? Did you mean 90m?
just checked my SIPP, I have 500,000 with an average of 6.68p so starting to look more positive.
C.C
Yep the foundations are definitely strengthening for sure - when we have added the three Horizontal Wells 153/ 144/ 146 to production then we could be well over 3K bopd plus the 4 SY wells that are ready to be brought online when the Export Licence is approved (4 more Horizontal Wells?) we could be pushing 4K+ bopd from the shallow wells by next years end - that will be a proper firming up of this company.
A8 - TD W/C 11 November imo if they can drill that deep - currently hovering around 5,150m by my calcs so a couple of weeks yet - I really hope in the next RNS they just give us a current depth and we're still drilling toward the 5,300m TD.
If the A5 Well can flow at 3,800 bopd steadily and the other 4 Deep Wells flow each in the thousands then we could be looking at way over 15K bopd next year and with that a massive OIP / P & C jumps - new CPR 2023.... and Majors putting feelers out....
Exciting times ahead mate.
I reckon this will be a £1 billion+ Company by end of next year id not earlier if all of the above comes to fruition.
Somm,
Decent foundation now in at CASP.
If we get a bit of early luck then A8 next week could give a TD reading and early indication of oil shows at depth.
Then perf and run a flow test... builds from there, if it blocks then the shallows have enough income to pay to have it cleared.
C.C.
Yep next Spring can't come soon enough, surely A5/A8/802 Deep Wells will prove the OIP numbers up way over the 900m already stated into billions woop woop!
The other biggies is the other two Deep Wells that the Dutch are working on re new acid treatment formulas - if the the new acid solution works then fukc me that two deeps we won't have to drill, though I suspect sidetracks will be done on them before the end of next year.
Get these Deeps flowing and there may well be a squid party with a takeover on the cards - why do you think they want to transfer debt into stock? ......drum roll.............
i'm - 48% and sure one day it will be plus that amount, things are looking good for Caspian and i hope as much as the next investor it will all come good, i think Clive has eaten enough pies now and needs to get dirty outside
And with Brent having a little think about $87 today then 5p can't be too far away.
I agree that we should be up to or above 17p sometime in the spring
Ross,
Yep, i suppose i should've caveated 'if you can afford to'.
If you are down to 7p average then that's a lot better than many i suspect and the omens are looking far better now than anytime historically and i hope you make a few quid :)
i'm not to worried and am sure it will pass that again. my 10 year plan is long gone , does that make me a lth? i still hope for a nice house out of them? ive written to clive a few times but only ever gotten 1 reply to ask why they can't get it out of the ground when we have a 58km puddle
Ross -
The point that was being made is that CASP are paying more tax on their Oil exports than ever before ....
This is no longer an pump and dump or a flash in the pan over a possible deep flowing, this is sound incremental gains from the shallow well oil field programmes that now underpin and will allow the deep well programmes to expand.
Then add in Boaty Mc Drill Face and 3AB
The share price is going to reverse and go past your entry point just wait until next Spring ....
IMO highest ever CASP share price is going to be on offer.
KK i only wish i could, retired with no income apart from what ive made on another share. i'm down to 7 now but thats all i have to spend until our boat comes in here
6913,
Surely the right play is to invest the same amount now and take your average down to 10.5p ish ? Always risks with stocks but you knew what they had at 17p or 25p ! and they have a lot more now. Yep we've had dilution but we own all the acreage as opposed to 54% when it was 17p and now have assets that will materially affect sp in a positive way.
the price i paid per share that are now worth 4pence each
? ..... 6913ross, Trading ........ as in selling lots of oil and making lots of money
i wouldn't say that, when i first brought Roxi they were trading at 17pence and the chinese brought in the next day at a premium of 18 pence and it's been down hill since then for me
"The last two months have been the best in their entire trading history by a significant margin. "
Theres a cheeky statement ...
The best ever .....
Badgernator, yes IMO the last two months have been the best in their entire trading history by a significant margin.
I use free websites so make no guarantee to the accuracy of these numbers. So far they haven't been wrong and they agree with the RNS
"With oil international prices now comfortably ahead of $80 per barrel we look forward to *further* strengthening of the Group's financial position."
Tax is paid on revenue, the calculation is available online.
https://assets.ey.com/content/dam/ey-sites/ey-com/ru_kz/topics/oil-and-gas/ey-kazakhstan-oil-and-gas-tax-guide-2021.pdf
Page 14.
I'm confident they'll make new highs as more horizontals are drilled.
A8 and boaty are nice bonuses which will come in due course.
Always do your own homework.
Ah -- ok..
Mr c he was replying to me, I gained the nickname badger because of the grey that appeared on my temples and a weird strip in the middle of my black hair. It’s a bit obsolete now because the grey conquered it all.
This is some test they are doing, Adrianz you posted a while back that you monitor Casps oil exports any uplift?
Rnator.
cc - What is Badge ?
The point of the programmme was about greenwashing, not the transition to greener technologies. There was a little about the latter but that wasn't very good.