Member Info for Beynon

So interestingly as I re-read the rns it appears the deeps are back on. The share price appears to be shallows only to me at the moment but a new rig to move onto a7 sounds like a split from the focused strategy.

Cash in the bank is a bad thing for companies like this. The directors relax and consider different ways to move it to their accounts. Then they do the same again and again as is evidenced by the lack of return to shareholders ever.

For me the share price will not go far about 5p based upon current production numbers. Only deeps coming on line will change the NPV by enough to make the difference

Norway - the head of the nail as you say - leadership just don't have the interests of the broad shareholder base as their priority

All very quiet here unfortunately. Maybe drill results is all we can hope for between now and spring.

There is definately a track record from casp of releasing positive information but then going completely dark on the information and quite often completely changing tact from the approach stated in the comz. It’s a strange tact that I think traps in new investors as the price drops off on silence. They do it time and time again and I can’t quite figure out why. My fear when it is quiet is that they are doing something totally off the wall ie not producing at a decent level etc

So nothing until September - likely late September. As is said every year - winter is coming

Would that not be RNS notifiable?

Ambiguity - the point I find unclear if if it is all routes from Kazakstan that can get this rate or whether some are still stuck with urals

I’d expect that they hadn’t managed to secure Kebco rates as I expect that would need an RNS

The accounts made reference to a number of going concern cash flow points which I reckon were not resolved before they announced the wish to divided - they could just be ignoring investors, prepping to screw us over or trying to sort these out. Like the social development fund - paying a dividend and not this has to look a little dodgy

I am going for 1k per day as they decided to go for a cruise on the casp explorer and smoke cigars instead of getting on with production

I agree that was a buy. KK no chance we are producing at 4000 barrels per day - that’s capacity which we haven’t bother to try and meet

Clive’s shares kick in at 20p and also around $0.8bn market cap - no chance on shallows

So how do we value casp?

Proven oil in place ?
Production?
Capacity?
Proven and unproven Oil in place?

It seems to me that the only things that will move the share price are an increase in reserves in the shallows - not going to happen as they are just deducting production from the oil in place assumption, the price they get for their oil increases if the kebco piece is resolved, they get a deep to flow increasing to oil reserves of the 900mboe unproven, smaller extentent - a license is granted for 3abest resulting in provision reversal. 10p is over £200m market cap - I just don’t see it based on oil in place without the deeps.

https://www.rompetrol.com/mediaroom/press-releases/differentiation-of-crude-oil-of-kazakh-origin-under-the-name-kebco-id-1746-cmsid-471

KK - unfortunately Clive is just an accountant who reports the numbers. I imagine he wouldnt understand the mechanics of oil drilling if it was acted out with puppets. My first hope is there is some development regarding shifting the oil as non-urals soon. I may have a look on chevrons site to see if they have any details.

We will have to see how that plays out but to me higher production realises the asset quicker. Valuations will have a high discount rate due to all the risks at play so increasing production adds to value immediately. The question I have for Clive is when will we see KEBCO designation on our oil. We are paid and priced 2months after delivery. KEBCO became a loosely reported thing start of June so if our local international traders did as was reported it could be mid august that an improved rate is received?

Did anyone try and email the Clive.carver@caspiansunrise.com from the last investors presentation - I am getting no domain bounce back

The problem at play at the moment is that the share price is pegged only to the shallows production as a messily capacity and attainment. A dividend will make no difference to this other than to draw cash to the bigger holders