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What a joy to read the board recently. Good folk posting light hearted but possibly true rampathons with no abuse and no malice from anyone. Unfortunately I am in ODX as well and 50% down and what a vile aggressive board that is. It isn't even worth reading. Considering selling the ****e and putting all in here as I have been around Casp for seven years plus.
Keep up the banter and let's keep up the upbeat tempo and yes Allegro's definitely had square plastic steering wheels.
Yes MLQ so after paying them to analyze and formulate the acid for us it was never used. It was so they say shipped so have we paid for it. Where is it now. Why haven't we now used it. There are so many questions that are simply never answered and constantly contradict themselves.
Does anyone remember last year when we were going to have the super acid from Baker Hughes and because of covid they couldn't get it into the country, and then they had another batch of acid. I am sure the wells were never zapped with the specifically formulated acid for our deeps.
What happened to it. Where is it, why isn't it being used now? All part of the myth which is Caspian.
KK how nice to read a balanced sensible poster however I think most of us who post now are all genuine and good people. I would say I am a mirror image of you and wished I had traded more rather than holding for the big one and fear of missing out. Unfortunately that is my weakness and have made the same mistake in ODX so I honestly think I should knock trading on the head and keep my money. However that said I am not selling what I have here until there is a definitive result negative or positive. What I now have here if I lose the lot I am prepared to do so and will hold until I either lose or we flow the deeps and fly. Keep the faith lol.
I have been here since A5 discovery. I have no idea what my average is because I have bought sold averaged down and sold for other things but in all reality probably have lost a fair bit. These however are my thoughts at this Sp. Surely it is a no brainer to buy in or buy more at this level. This isn't really aimed at anyone with a 8 pence plus average. At this sp assuming that they continue with the shallow programme every drill adds more bopd. If they get up to 20 wells which is very easy as they are cheap and funded by existing wells 4000 bopd is easily achievable. Surely that would give a sp in excess of current levels very easily. What I do not know but in excess by a fair amount. My only fear is that they have possibly misled over the CPR and we don't actually have the recoverable oil they have claimed but I would think that to be a highly unlikely scenario, we do after all have a 25 year licence granted. I am basically asking as long as the shallows keep getting drilled and producing surely we must be at rock bottom now. We have our own drills to keep up with both new wells and work overs as needed so I cannot see any downside from this sp. I don't need to add that if a deep comes in game changed but assuming a deep never gets achieved this still seems a very cheap share with only upside to come.
Any thoughts from others greatly appreciated.
You would imagine they would be relatively instant. Let's hope so.
What do you call cheap?? KO is in at 7.1 pence so I would imagine a buyout would be beyond that and I think most of us would be happy with that right now. I understand there are people in here with higher averages than that but can't keep everyone happy. Personally I would like to see a miracle and a deep flowing. We haven't got the Korean on board for nothing.
I think it would make a huge difference if actual production was confirmed.
sledgey, I agree with what you are saying but why can't they just say what they have been producing and what quantities. Without confirmation people are only guessing. Oh and my average is 94 so don't want to be accused of deramping because I dare to question the mighty ODX.
Brad, are they stockpiling?? I haven't seen any confirmation that they are producing, let alone stockpiling. I hope you are correct but I would say you are only guessing unless you can prove me wrong.
Totally agree. One of the most arrogant and condescending posters I have ever experienced in my 12 years of trading.