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FDBK might not be profitable today but remember Amazon spent many years preparing the ground and planting seeds before the "crop" was mature enough to harvest.
We know FDBK is going to be massive and investors will have to purchase their tickets in advance to the harvest at some point.
I don't know what the tipping point is for the herd to panic buy but it will happen once people realise that it will only get more expensive to buy FDBK with time.
yes wolfi all rigs on shallows now. The ural discount will kick in on april sales. $75 is still an amazing price. Who knows where brent will go from here. They see the $25-$35 discount but not the $80 mark up! These are the same people who get mugged by price anchoring in the shops.
Nothing wrong with CASP. Sadly it's a small number of holders who don't know what they are doing. When they set fire to the SP we all have to exit (stops get hit) and come back in when the smoke clears.
I've added a few and will take more if the reason for the drop remains disgruntled PIs
The barge will charter or sell once ukraine leaves the news cycle and that's already happening. PIs will have literally missed the boat that day.
Gritster hopefully you took my advice and sold on Friday. lbyb best of luck mate.
I say to everyone else if you didn't like the RNS just do everyone a favour and move on. You are better off without CASP and CASP is better without you. You moan when there is no news and whine when there is news.
MrC .. why are you still here? How many times does Clive need to shaft you before you sell out. Maybe you enjoy it.
Badge - believe me that was a difficult thing for me to say, but the speed at which the first few H wells were pushed through made people think that an RNS on AIM is the only prerequisite.
They could make a big song and dance about every decision/approval/equipment bought/toilet cleaned by putting it in an RNS as every other company on AIM does. MOU this, partnership that .. you know the s h i t e I'm talking about. They are not interested in creating temprorary sp spikes because they don't need to place and there is no one from the concert party who wants to sell out. If you wanted out you should have sold with Dosbol and others. They gave you that chance.
Now you are locked in with Kuat, his fate is your fate.
(by you I don't mean you personally Badge)
A few peeps banging on about lack of progress don't realise how much planning goes into developing a field.
Casp have made rod for their back by overperforming on some of the MJF drilling by pressing ahead without the required approvals and getting them in retrorespectively (and don't forget CEO putting his own cash in)
You can't do that all the time. The authorities only give you a few chances.
Work is underway for a 7month project to develop SY.
(from elicense)
The main directions of the project are:
• Development of the Yelemes Yuzhny deposit.
The main facilities (with sub-objects included) for which decisions were made are:
•Design decisions provide for the development of production wells No. H-54, E-805, E-806, E-807
• Construction of flow lines from production wells No. H-54, E-805, E-806, E-807 to PSN;
•Construction of the PSN as part of the following facilities:
1. Inlet manifold and oil and gas separation site M-1, S-1, S-2, GS-1;
3. Site of buffer tanks E-1,2,3,4 (installation and piping of tanks E-1,2,3,4);
5. Site of line heaters P-1,2 (installation of heaters P-1);
6. Drainage tank site (V=40m3) D-1;
7. Pumping: oil circulation H-5/1.2; oil pumping H-3/1.2;
10. Platform for oil loading stand St-1;
11. Site of formation water loading riser St-3;
12. Platform of the cabinet for automatic ignition of the torch ÿÿ-1;
13. Site of the high-pressure torch F-1;
14. Site of the unit for regulation and accounting of fuel gas UR-1;
15. Platform ramp for propane cylinders BP-1;
16. Operator room;
17. Laboratory;
18. Checkpoint;
21. Site of diesel generators DG-1,2;
22. Diesel fuel tank site (V=25m3) ÿ-10.
Arrangement of wellheads to be carried out in accordance with the field development project.
The project provides for the development of - 7 production wells
Start of construction 2022 Construction period 7 months.
Operation until the reconstruction of the projected object, or the liquidation of the deposit.
Post-utilization – the terms of post-utilization will be included in the liquidation project
•Diesel generators with diesel fuel storage system.
•Transformer substations.
•Power lines.
•Instrumentation and control of 7 wells and PSN.
•Automatic fire alarm system (APS)
• Access roads to PSN, wells and other facilities.
Badge, no problems selling the oil to-date and they are getting top dollar.
x10 bagger coming up IMO. Remember these awards are still in place.
Mcap Pence
$billion per share % $'million
0.8 17.23 0.6 3.0
1.3 20.67 0.6 3.0
1.8 24.67 0.6 3.0
"Im out next year Somm. I have set a date at 3rd April I cant do with keep checking this out anymore. I would like 6,5 to break even but 10p would be amazing . April 3rd it is though."
Can't trade on a Sunday dear so get on with it.
Cadogan https://www.lse.co.uk/rns/CAD/ in Ukraine have resumed production after shutting down 3 weeks ago. I guess this means the situtation there is improving.
ODS, 3000 is production capacity. Not all wells are operational/producing 24/7 in a given month.
Both 142 and possibily another are being worked over. Also, SY won't have been producing in Feb.
So you needed deduct that from 3000 capacity.
152 & 142 will be producing very soon. That RNS will knock this out of the park as just these two will add £2mil/month revenue.
If oil stays above $100 for the next 3 months, by my calcs should have $15-$20mil cash saved up for divis.
Lots of assumptions in that calc, cost of deep and shallow drills etc, but it wouldn't be far off. That's 0.5-1 cent a share.
https://financialpost.com/pmn/business-pmn/u-s-ban-on-russian-energy-imports-does-not-prohibit-cpc-oil-deals-treasury-2
I found this interesting especially after what they did to their own protestors
https://www.france24.com/en/live-news/20220306-russia-ally-kazakhstan-permits-large-pro-ukraine-rally-amid-sanctions-fears
Kaz knows which side their bread is buttered.
JD, I called him out in 2019 and I was right. He dumped 80mil that year and only stopped because of covid.
Take a trip down memory lane :)
https://webcache.googleusercontent.com/search?q=cache:MKUUxzOlE1QJ:https://www.lse.co.uk/ShareChat.asp%3FShareTicker%3DCASP%26share%3DCaspian-Sunrise%26page%3D496
Smartalec1, I was hoping for 90p but this is way better.
JD, it's Dosbol who is selling. The UAE setup doesn't suit everyone. He's not allowed to hold it offshore in Baverstock. Selling is his only option.
He had 101,998,314 shares at the time of the merger.
https://www.investegate.co.uk/caspian-sunrise-plc/rns/completion-of-the-baverstock-merger/201706010700037728G/
He and Kairat were responsible for selling into Clive '10,000bopd within months' ramp.
I thought he was fully out but he still holds 34 mil as per last RNS. Kuat's not going to arrange a buyer for him.
Sorry going a bit off topic ..
Extremist by definition are always 1%. The problem is that ideas have legs. Ideas that were once considered extreme make their way to center and become normalised
This boy perfectly demonstrates the point. He wouldn't openly call himself a Nazi but does sympathise with some of the ideas.
https://youtu.be/5SBo0akeDMY?t=125
There's usually a worrying pecentage of the population who sympathise or subscribe to some of ideas of the 1% and provide the mood music for 1% to fester. I always think of these extermists as a symptom to an underlying disease in wider society.
A conflict is exactly what pushes the sympathisers over the edge.
The muslim world is a recent example of people who used extermist to fight their wars. The result was that those extermist ideas eventually filtered into 100% of society.
I'z joinin' ISIS 1%
I am against terrorism but I do like the idea of a Caliphate. 5%
I don't want a Caliphate but I do think Sharia should be implemented for muslim communities. 15%
I'm not a fan of Sharia, but women should cover up and gays should be jailed 30%
.. you get the idea.
KK let's not give Ukraine a free pass here. They have a Nazi problem which obviously the MSM are denying.
The Nazi Azov wing is integrated into the army.
https://www.haaretz.com/israel-news/rights-groups-demand-israel-stop-arming-neo-nazis-in-the-ukraine-1.6248727
This is a tweet bigging up Azovs from the official national guard account
https://twitter.com/ng_ukraine/status/1497924614865002497
A giddy ****stan PM IK in Moscow today. Under IK they had already pivoted away from the west into the arms of China.
There's a new Pak-Russia-China alliance emerging.
https://www.youtube.com/watch?v=VWEA0JeCdfk