The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It does feel like there is an inexhaustible amount of selling in the 3.7 range. I’ll be happy when the debt is converted into shares. I think k that will be the trigger for a rerate.
Anyone else concerned there is something we’re not being told? It would explain why Caspian is languishing.
I think your being too negative, I expect 10p plus this year. The bopd should ratchet up and as long as oil behaves we should be very profitable.
I think all lth are in the same boat Mike. It now just a matter of sitting back and letting it unfold. Plenty of catalysts for sp appreciation coming, now as ever with Casp is the time for patience.
Kk how would explain the last rns? It couldn’t have been more vague..it was so vague it was impossible to know if it was good news or bad!
I personally would prefer to get a % of the field in return for using the explorer. To want to rent it for that kind of money they must expect/hope for a large find. That will mean they would need the explorer again to do more wells, so a tie up would make sense.
I’m leaning the other way. They don’t want to draw attention to themselves, I think the last rns was about avoiding a spike. I think they will drip news out, maybe not this week but next. I’m hoping A8 increased info and flow rate.
Rates the market won’t be able to ignore our potential.
Ben I was thinking the same, slowly upping the flow rate to prevent blockages. Clear ALL the drilling fluid before trying to maximize the flow rates. If we get another rns saying it’s now flowing at higher
The deep flowing isn’t about the 3k barrels a day it’s about the reserves it will book. Casp cracks the deeps and the sky is the limit, it means we are sitting on a huge oil deposit. The shallows get us to double figures the deeps get us to triple, and it not an either or situation, they want the big pay day, I don’t think they expected it to be this hard, but they are pushing on with the deep program so they must be confident.
Unless the revolt kicks off again this is a win/ win just a matter of the extent of the gains.
I emailed Clive yesterday and he was good enough to reply. I asked about some of the obvious missing information , he basically said they would answer those questions when the position was more certain. In the meantime they would work to maximize the potential of the well, so essentially wait to find out like everyone else!
Cc that sort of post normally sounds the alarm bells!
However did anyone think when reading the rns, this is trying to pump up the sp? I read it and thought ‘ they couldn’t have been more vague if they had tried.
it’s flowed a bit for some time.
I think they don’t want to call attention to themselves in this climate. I’ve said before they have no need or interest in the current sp, they released the minimum they could to keep the nomad off their case.
I’m expecting the news to keep coming and I can’t see us being down here for long.
What your saying makes sense cc but the market wants to hear it from Caspian, at the moment it’s all supposition. Gives me a chance to buy more though, Caspians good like that!!
Bare even lol
Exactly Quay, this rns was more designed not to cause a spike. This is them being told they have to report something, so they report the bear minimum. A deep is flowing, hopefully his means they’ve cracked it.
Muted reaction because it was as vague as humanly possibe. Come on Clive ‘several’ I know you’re not technical but surely you’ve mastered numbers!!!
What outcome is he hoping for?
I think the markets are in risk off mode. Depending on the next update this could provide some bargains. I couldn’t resist and took another 3k this morning.
All the pieces are in place for monster rns. It’s been a lonnnnnng road but Covid has allowed me to accumulate far more than would have been possible otherwise. The weather is no worse than here so that shouldn’t have caused any delays. A8 flow rates should have had time to stabilize. A deep flowing whilst oil is on a run could be the perfect storm. Roll on next week.
We have no idea what he sold for right? It could have been for way more than 4p? They would have been taken inside and liked what they saw ,maybe they made him an offer he couldn’t refuse?