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Kk ... did I mention no rig seller sells for kast two sessions ?
Pass ne that bag of "I did says" would you :)
Cc,
Re rig seller, if the recent sell volume was largely him/them, I’d have thought they’d have dumped 1.5m yesterday at 4p. As you say it could’ve been Mr Rig and only 2m or so left and holding on but I still believe it’s OIs buying /selling and trading the ranges.
Time for news Carver, no obfuscation please.
It used to take anywhere between 2 - 6M to move the price depending on who was where, doing what when.
Been a decent pump of newsflow and older term investors buying back into the story, next positive news flow drags the wider market in on the back of Fomo, bad news leaves us sitting here holding our XXXXX again.
Doesn't matter in the medium term as the shallows underpin the story now, if they want to pay a dividend, scale back or hand back the deeps and pump the shallows.
Either way, these days this is a decent AIM punt.
Thanks CC, so 2m its not a huge amount at all, yeh OK dump that on the market on a quiet day and its going to smack the share price down, but sell into news and it will be just a drop in the CASP ocean of oil
Mike,
guesstimate they are still sitting on 2m.
Maybe they are comfortable holding that many for the bigger pump after securing the 50% profit on the 4.2p ones.
None yday that was a different pattern, today also nothing yet.
CASP now do good RNSs on a Friday
I had hoped we’d kick on with tomorrow being Thursday and a bit of fomo kicking in. Suppose we’ll have to wait for the test results to see movement.
KK,
Nothing wrong with a bit of pessimism makes the good news that bit more uplifting.
I'm pretty upbeat with the A8's 4 intervals with another 60m likely drilled from the last RNS who knows may be another oil column....or two?
Will we see a £1B/ £2B market cap in the coming years?
Somm,
Re 153, let's hope that is the case and the result is a positive one and a huge confidence boost and peeps will start believing that MJF could be a 5k+bopd producer.
3AB, won't take long to drill but would be good to see that licence on both SY and 3AB.
A8, i remain pessimistic whilst longing for a positive result ie flowing.
4p and £85m m/cap ? market got it wrong but let's get positive 153 news out and sentiment will build .
KK,
As I said a while ago the 153 Well should hit TD/ testing last week with news out W/C 18th, which is still very probable.
However, looking how the flow rate was up and down on the 154 Well with an initial flow test of 5 days I thik they will test the 153 Well into the weekend and report flow rates sometime next week confirming a steadier flow rate. They will no doubt have started testing 7/8 days ago by fracking 150m+ and then flow testing so next week I'd guess.
Everything else aside for the mo - the export license is going to see a major revenue uplift from the existing 4 wells waiting to be brought back online, but the biggie is if A3B flows and as I said I wouldn't be surpirsed if it did with $100m sale.
I wonder how the new Operator will fair with drilling it - will they decide to drill it horizontally?
A8 Deep Well should be hovering 5,100m today with 200m to go - will they get to TD and drill into the Mississippi and see the share price burn?
Whoop Whoop!
DM,
I'm not convinced it's rig seller but if it is, good news when/if good news lands.
I hate testing the market with sizeable chunks, just in case i press the 'place order', something i've done before when distracted !
They've had over a week of testing on 153 so they'll know the outcome now. News tomorrow hopefully as any delay could be seen as a negative and waiting for other news to soften the blow maybe.
I was rereading the 3AB fam out deal and i wonder if Casper would have a different perspective now ? Only $2.5m to drill it to 2250m and now they have the cash, would they run with it. The farm out partner is a local partner but no detail given so probably unlikely it's one of the players involved in the Dunga field. I have asked the question who it is but not revealed, something i believe should be in the public domain as deal done. An independent expert will determine the value of the 85% so it will be interesting to see whether a deal is done or not. Similar depth to the MJF structures so hopefully a good chance of success.
Time for Casper to do the talking now.
Hope the rig seller has gone now KK, I haven't been keeping a count of how many he has sold, I think CC may know roughly what is left
good spot - yep can sell loads now
The market has turned on it's head. Couldn't sell more than 50-100k at the end of last week and this week but our seller could be finished ?
Max buy on ii - 150k @ 4.09p
Max sell 0-750 @ 4.027 - 750-1.2m @ 4.01, 1.2m-1.4m @ 3.98p
News imminent and somebody wants your shares. Ready for the next move ?