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Main deep Well is going on test 08/05/24 so anytime after that
2 x shallow wells about to report 155 on mjf field and 806 on South yelemes field.
Timeline ........ haaaaaaaaaaaaaa, thats funny Ive not laughed so much in ages ... 8-)) some of the LTH on here used to go to primary school together, grown up had kids, divorced, retired and died
Interesting... Will have a further in-depth look today and make a position
Any idea what sort of timeline you guys are working with?
Oh and its potential ........... get a few deeps to flow and an outright sale of .errrr £2.25Bn 8-))
Sunbathing covered in .... AMBRE SOLAIRE Factor 300
He wasn't dead, he was just resting.....
Oh and an oily dead Camel 8-))
Continued ...........
3A Best:- 1347 sq Km contract area under the Total E+P owned Dunga field (15,000 BOPDS) up for sale
West Shalva area:- 25sq Km Exploration licence until 2029 $15m paid in 3 tranches
Additional fields:-
Nsanovskoye Field:- TBC
Tolkyn Field:- TBC
Saztobe Field:- TBC
Tasym and Bekbolat Field:- TBC
Other:-
Mineral extraction: - No details
Wind farms: - No details, wind farm project noted in the 2021 financial statement.
Caspian Explorer:- Awaiting contract details/dates 2024 contract with ENI net profit $15m
CTS LLP:- Caspian Sunrise wholly owned drilling company
Galaz field:- Sold for $100m, Of the $100 million disclosed approximately $50.4 million relates to the equity of Galaz & Co LLP, in which Roxi has a 34.22 percent interest and approximately $49.6 million relates to the assumption of shareholder loans owed by Galaz & Co LLP, of which approximately $11.3 million is owed to Roxi.
In aggregate the share of the $100 million disclosed attributable to Roxi is expected to be some $28 million.
CASP, well it drills holes and extracts oil, transforming from an explorer to production, see below ....
Caspian Sunrise Summary.
BNG:- 1561 sq Km contact area, 40 Km from Tengiz (Nearology)
MJF:- Shallows Export licence to 2043
141:- Spud 2015 depth 2500m Sidetrack commence Dec 2023 27m of stuck pipe
142:- Spud 2015 depth 2500m Dec 2023 new sidetrack, 3 intervals, 1 now flowing at 160 BOPDs
143:- Spud 2013 depth 2750m Tender for pipe lines to GZU Oct 2023
144:- Spud 2017 depth 2750m up to 700 BOPDs 7mm choke
145:- Spud 2017 depth 2750m Workover failed Feb 2024
146:- Spud 2017 depth 2750m
150:- Spud 2019, 1st infill well, up to 500 BOPDs
151:- Spud 2020, 3rd infill well, to be re-drilled horizontal
152:- New well planned as a horizontal drill
153:- Spud 2020 depth 2503m Workover in prog was producing 830 BOPDs 8.5mm choke
154:- Spud 2021 depth 2548m, up to 645 BOPDs
155:- Spud expected Nov 2023 completed Q1 2024 TD 2400m now at 1000m 25/3/24
South Yelemes:- Shallows Full production/export licence to 2046
54:- Soviet sub economic 30BOPD workover Q1 2024 2000m targeting Dolomite
805:- 160 BOPDs sidetrack Dec 2023, 2222m targeting Dolomite
806:- Workover Q1 2024 2000m targeting Dolomite was flowing at 150 BOPDs with 807
807:- Workover Q1 2024 2000m targeting Dolomite
808:- Spud 2017 3200m 6 intervals potential new structure, drilled to 3070m, inconclusive testing, high water saturation, 2 shallow intervals of interest not yet tested
Yelemes Deeps:- 36sqKm Salt layer typically 3000m – 3500m
801:- Sinopec drill, spuded Dec 2014 Drilled to 4950m/5050m? Jul 2015, now blocked, waiting for rig
802:- Stuck pipe , work halted Total depth 4200m flowed at 700-900 bopd 100m earlier than expected looking for partners
803:- Spud Dec 2023 target depth 4200m TD Mar 2024 at 1250m 25 Mar 2024
804:- New well planned
Airshagyl deeps:- 58sqKm Salt layer typically 3700m – 4000m
A1:- Maps only
A2:- No mention on any maps (Possibly old Soviet era well)
A3:- Maps only
A4:- Maps only
A5:- Blocked, 63m interval flowed at 3800 Bopd 19mm choke for 15 days Dec 2017, flowed at 1500 Bopd 12mm choke Feb 2019 for 40 days. New sidetrack from 3769m to 4405m Nov 2023
A6- Drilled 2015 to 4516m Repair required Q4 2023
A7- Paused at 2150m to be continued to 5300m Q1 2024 interval of interest at 4000m
A8- 3 oil bearing intervals, now abandoned
A9 New well planned to find perimeter of Airshagyl TD 5300m targeting Jurassic prospect
A10 New well planned
Block 8 Deeps:- 2823sq Km contract area, cost $60m from future production at $5 per barrel waiting for licence, owned by Procyon investments (Member of the Oraziman family)
Well P-1:- Drilled 2016 Depth 4203m, P1+P2 Combined 110 BOPDs did flow up to 800 BOPDs, Sholkara structure
Well P-2:- Drilled 2019 Depth 3449m Sholkara structure
AKD-4:- Reached target depth 3922m prep for testing Nov 2023 Akkuduk structure
T-2D:- Reached 3408m target 3500m prep for testing Nov
Have ventured over from someone posting on a KOD board oddly wanting attention from someone else, became interested in this share, can anyone give me a basic rundown tldr on CASP and it's potential?
Thanks
MLQ,
What are you talking a bout?
And if that were the case why are there discussions with multiple buyers?
''The Board has in recent months entered into a number of discussions with potential buyers concerning the BNG shallow structures''
And:
''Recently the market discount on oil produced in Kazakhstan but transported via the Russian pipeline network has all but disappeared for international consignments of approximately 70,000 barrels per month and greater.''
So they can sell their oil internationally through the Russian pipeline now with pretty much no discount.
More research needed.
MLQ rare we disagree but I think market will forward value this and oil will be going into the BRICKS.
China setting up new pipelines and oil being shipped across caspian sea.
Full value - no, a decent proportion of it - yes
Value won't be out by a supermajor til a new route to market is established, Don't forget PapaPutin has put some of his water toys into the Caspian Sea,,
Thats correct Blue but i did not sell i bottled it but have not bothered posting. I still want my 10p get out price for £72,000 but honestly think we have a shot at the 24p price of years ago . Good luck to you all.
BM,
My mistake.
Gritster and Coffeemug,
Have both stated CASP were tabled $80 million for the shallows as fact.
If CASP spent spent say $70m on developing both of the shallows they would want to factor some of that in to a sale price, say $20m? so if they were offered $80m less $20m costs that would work out at approx. $1.5 per barrel of 1P/2P oil.
So this is why I do not believe $80m has been tabled for both shallows, let alone that these two would have any incite into what bids are being tabled.
Now if someone said they'd been told a bid of $80m had been bid for one of the shallows then that would be a possible ballpark number I could accept being tabled, but even then this bid is not going to out especially from two posters on an AIM BB.
$1.50 per barrel of 1P/2P boo? yeah right.
Oh and because the 155 Well may come in next month the bid has been upped to way over $100m from three weeks ago, couldn't make it up if I tried.
To be fair, he sold out in April 2022; those comments were two years ago.
Gritster,
Stop talking nonsense.
Last month you said you're out at 3p on 3 April it's now 3.6p and almost May......so?
You do make me laugh, again from last month.
''Like i have been warning you all . Oil can hit $150 and Casp can flow a deep but it still wont top 7p.''
And now we're to believe you're in the know and being passed fly on the wall bids. lol!!
Gritster,
the timing is interesting, A5 looks like it's going to flow in 11 days time.
If that flows it gives data and funding for A7, 802 and 803.
The boat money is coming home
It could mean Kuat doesnt need to sell anything unless it is at his price.
He's shown before he understands the price of a pound note.
Hopefully yeh but thats what was on the table 3 weeks ago.
Gritster,
That was before well 155 news and the tie back to the production zone.
That's been put on there to get the negotiations to the $100+m imo.
Gritster,
If they'd spent around $70 million developing the shallows why would they accept $80 million for them or even $100 million? I'd have to say your statement as fact is incredulous at best.
Hes been offered 80 million but wants nearer 100 apparently. Dont know if thats dollars or pounds. Should hear something soon .
Rocketeer,
The current 3.6p share price includes 'some' valuation for the shallows so the bulk of the shallows current valuation would be absorbed in the $200m sales price. It wouldn't be the current share price plus sales dosh equals X but I like your thinking.
Note you don't often see a Company's cash pile valued more than the MC, the proceeds would no doubt be reflected in the share price somewhat, but it would be unlikely to be 8p + 3.6.
However, what would have a big impact on the share price regardless what the shallows were sold for would be if a Supermajor like Chevron/ Exxon bought the shallows as they'd be virtually next door best mates and first inline to buy the deeps, which in its self would be reflected enormously in the share price.
If I was a Supermajor I'd be wanting to buy the deeps too, KO may be putting any shallow/ deep sale off until the 155/ 806/ 141/ 802/ 803/ A5/ A7 wells have been drilled in the coming months for a better sales price?
Would a Supermajor want to develop the shallows while another is developing the deeps where the big oil numbers are at? I'd want the whole lot - $3 billion for the lot is nothing to the big boys.
If there are multiple bidders for the shallows then there'll be multiple bidders for the deeps, why not make KO an offer for the lot now he can not refuse?
Once an offer has been reported to shareholders for the shallow there could be a counter offer, we may have to borrow some of Divermike's popcorn. :- )
In your example you should say 6.8 + the 3.6 stockprice = 10,4P
Rocketeer,
That's 200 million dollars not pounds with 2.35 billion shares in issue next week and .80 to the $.
Interestingly WHI had the shallows at 8p a few years ago a $200m offer is about 6.8p so $200m could be conservative.
WHI has a full valuation of $2.8 billion for BNG - before WS/ Block 8 were bought.