The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Good point - must be tying in with an after hours news release imo. Not sure what to make of that but might be a specific reason to do so. Possibly an acquisition or something else. This is not casp/ roxi’s Style. Maybe they have information and want to make it clear as they can’t seem to do that in an rns. Can’t be flow as this is too planned. Has to be selling a future development plan etc. Market is looking for tangible progress so I will be interested to see the outcome.
Great update - however the share price won’t go until they flow. I had a thought that a rns might come out one day in September that all three were flowing at once. That would cause it to go straight to £1 in my opinion in a weeks trading
I seem to recall that part of the doubt surrounding the economics of casp previously was that initially they believed the structures to be small pools rather than a larger reservoir. It seems like the new info may be dispelling that which could push us substantially north if this can be closed out. Another drill could again push it bigger again. I am sure further analysis on the quality of the oil etc is needed but hitting oil is great, how deep does it go!!!!’ A6 is interesting - failed perforation but still flowing to surface. What is mad with casp is that no-one is surprised that we hit oil, but I think there is trepidation as to whether we can complete and flow.
So - it looks like very little has been going on. Maybe just technical focus but who knows from that rns. I.d imagine milling at that depth and pressure could be tricky. Now we have metal fragments - now that sound like small pieces to me..... could it be more vague - doubt it. All along I have been thinking that a5 will be dead the minute they get other success - which may be never. Maybe they are negotiating the next investment step with a third party and are going slow to hold capital in the business - no ideas, doesn’t make sense, who knows - these rns are just shocking - as is the share price presently
Personally I think they have all be caught out here and could not justify the arms length nature of the transaction to the original value. On the positive side - they were maybe aware that they would be caught out so maybe they are expecting the company to become higher profile, attach inward investment, JV or sale at some point in the next couple of years. Shady deals impact the ultimate sale return on the deal. They are still getting significant consideration for what is presently just a bit of land
Hmmmm - casp what are you up to. I can’t imagine these guys taking a bath for the good of the smaller shareholders. Must be a tact to coin it somewhere else. At least it’s out the way. They would have had to have taken a massive write down on that land if the deal was done at double market no matter what the geology fairies whispered in their ears.
Service companies are desperate for work at the moment and will offer finance and free infrastructure items to get the work. It is a crazy market out there and these guys are at the bottom of the dip before the sector pics up over the next couple of years. 5 years ago they would not have offered finance but companies like GE Oil and Gas have been buying work over the last couple of years. look at premier oil and their development of the sea lion acerage - a third party service co is funding that for them.
I am well and truely peeved after the events of November last year but believe the “conspirency theories” of it being held back will be resolved in the next 5 months. Q1 2019 indicates the new licensing regime and what is 5 months in the eternity of casp, really. They either need to stuff us all or finish “milling” the metal object in a5 by then, flow 801’or perforate A6. I mean for gods sake how many ducks or clucks are in a row now. 3ABest - that still needs finalisation and i am interested as to why it has not yet given our CEO’s connections. Strongly dislike the role Clive plays. If I wanted to sell my AIM company i’d Kick him to the kerb but he is just a fatsy sitting on the uk listing - an unscrupulous CA By all regards. My gut says something over Christmas but dead till then but new year would be fine. Been here before so maybe flawless was right and it’s 2065
Yes - it is pretty poor at the moment. No rush with the constant promise of things just out of reach and out of relevance to the current sharepirce. Spend another $10m on a drill and still no real income from any deep prospect. You have to ask why isbis on go slow at this point. I had to be either; the 3ABest deal, delay to licenses to save cash, or it is all a scam. I am not sure myself having been here a number of years. Truth will put at the turn of the year. Until then this is still feeling like a total farce