Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
ravinella, I'm convinced CASP have unlock the deeps at yelemes. I agree with CC short to mid-term 30-50p.
If they fully unlock Airshagyl which is a monster field then we have a multi-billion dollar company.
Let's get a few things straight.
It's $150K/day minimum ... it could be more.
Also 2 months is an approximate duration. It could be longer as there are always delays in drilling.
If IOC are happy with the drill then this could turn into a long term contract. You don't just drill one well and go home. They will have license commitments to drill multiple wells.
This will rerate upwards voilently once stale LTH are out. Judging by the convos here they have one foot in the grave so it's understandable they want out ... to pay for that PSE one last time.
Think about it. How many AIM companies have guaranteed income for 2024?
None! they can't even pay for tomorrow, yet CASP is handing out $1mil a month.
That's 2024 sorted and just proves CE is valuable. I've been saying for a while that the other options aren't environmentally friendly and simply won't get the approvals from the Kaz government. Expect more CE contracts!
Some people are worried about the delays with 141 & 142. There's nothing sinister going on.
141, 142 and 153 were waiting approval from the authorities for a side track. This was granted yesterday.
I think these will be brought into production quicker than advertised.
Keep calm, the plan is coming together.
At 4p, £40K will buy you 1 milion shares. £444/month is @ £5k annually that's a yeild of 12.5% ... all in an ISA if you are quick.
Even at 8p this will be very attractive and as production grows and drilling costs decline that SP will always be playing catch-up to the divi.
Our friend the Earl has been very quiet. The only honest one in the BoD and sunk his own cash into casp.
This is what he said in 2019
Edmund Limerick, Chairman of the Caspian sunrise Remuneration Committee said:
"The executive management team of Kuat Oraziman and Clive Carver have, since May 2012, rebuilt the value of the Company from less than $25 million with a share price of less than 3p per share, to in excess of $250 million with a share price of 12.5p."
Since then we've had production licenses on MJF and SY, horizontal drilling success, bought rigs (so lower drilling costs) record oil prices (in $) and operation costs in a delining Tenge.
Yet here we are. Something doesn't add up and the lack of progress this year is making it worse.
Ty, shareholders need to hold the company accountable. We have all promoted Casp only for KO let out some his ex-friends or purchase his trash assets including busted rigs and trucks.
Ramp it all you like it makes no difference. The investor community knows the scams they've pulled at expense of shareholders.
We need drilling progress from them now and those results will speak for themseleves - no ramping required.
The are making record profits but have only drilled one new well this year.
They were shifting a shallow every quarter pre 2019 with at least one deep on a shoe string budget and never threatened to dilute. The share price reflected that ethos.
Now, with the higest revenue to date they are in debt to oil traders and need inflated oil prices just to keep the lights on.
Dont do Clive's dirty work for him. He can get off his ar$e and promote CASP like he did in 2017 but this time we'll sell out.
For almost a decade I’ve held CASP reducing or adding as circumstances dictated.
In that time I have noted two things;
I’ve never regretted selling CASP no matter the price because you can always get back in cheaper. Even my forced sells in the 3s proved correct in time.
However, I’ve always regretted my buys because CASP will always go lower. I thought myself clever with my 2.4p avg but it looks like we will visit 1p again.
The market knows this price action. There is nothing that supports price because nobody believes Clive who deliberately obfuscates and misspeaks in his RNS. Acts the fool to cover up the disinformation.
Genuinely gutted for the shareholders but I wont defend Clive or Kuat for drowning Roxi with his failed businesses.
Joe, it wouldn't be casp if it didn't have that.
Not as bad as the old days, where a rented rig or coil tubing would be stuck (parked) for the whole year at BNG. KO playing the role of the renter and rentee.
Casp/Roxi has been bailing out KOs **** business for a while now. Serial liability this fella.