Member Info for bluemango

It's ambiguous, as we're kind of used to with these lot, but I read 'outside the structural closure of the West Shalva prospect' as referring to outside the potential oil-bearing geological structure/reservoir but within the licence area. Could well be wrong about that, but it's probably a minor factor in the decision-making here anyway.

Glad the market and (almost) everyone was gloomy and downbeat about this acquisition, I took the opportunity and added yet again today. Thank you.

Missed this little nugget from the RNS, describing the West Shalva field they're acquiring:

"In June 2022 oil was detected spilling to the surface"

Just as a side note, this reduces the target price to trigger Carver's and Kuat's 2019 $800m market cap bonus shares award, from 28.15p to just under 26p. Whether that's a good or a bad thing, you decide ...

The CE is a great asset for the company, as has been shown with the latest contacts. Understand your cynicism at this stage in the story, but that's a bad example for your argument, imo.

Positive note from WH Ireland.

'would appear to be a replication of the playbook that worked successfully for the company at its prolific MJF structure'

My thoughts - whilst further (albeit small) dilution is not welcome, the move shows active and strategic thinking, and the market reaction so far is bizarre, especially given the ongoing BNG sale for potentially far more than the current market cap.

One of the main rationales for investing in Casp has always been riding the coat-tails of the Concert Party. Knowing the prize at the end, for them, is a far higher ultimate valuation. This is just another step in that process.

PS - come on all, try to get on and drop the ego stuff, we're presumably mostly on the same side here with the same goal - maybe just with different routes to get there?

Never traded these, btw, bought a tidy amount since late 2022 and holding tight till the endgame.

Excellent, thanks somm.

Have a great weekend. (One day, rodders ...)

Somm, do you have a link to the W H Ireland broker note with the £1.02 valuation please? Or a date so I can find it? Thanks

And to continue the logic, if you're looking to add/buy outside an ISA (i.e. tax issues are not a consideration) then you might not want to wait till Monday!

Yep, that's what I was meaning, not Bed'n'Isa but using allowable loss from current year.

Onwards and upwards next week hopefully.

And there's the inevitable drop in bid. End of tax year related, presumably.

Let's hope there's an at least equivalent pick up in buying from Monday as peeps look to use their ISA allowances.

Agree about the chart. I expect also you've noticed the similarity to end of 2022, when it jumped between almost the same levels, then went on to head to over 8p.

Thanks DaisyDo.

I have no missing 606k shares in my calcs. Orazimans are still on 1.089.544 billion combined total, unchanged apart from constituent members as you say. Then Ahmed Al Marri on 110.812 million, Dae Han New Pharma on 224.830 million, Midiel Engineering AG on 110.812 million (they acquired those from the other Al Marri family member). Concert Party is just the Orazimans and Ahmed Al Marri? Maybe others could confirm or correct that? I'm comparing with AR issued 24th June 2022, last time I made a note of all this. No missing 606k since then.

Personally I hope they keep the CE in its entirety and grow revenues from combination of that and production.

Individually, the Orazimans and Ahmed Al Marri have far more to lose (and gain, of course) than any one of us. We're riding on their coat-tails.

Hope they know what they're doing. The savviest Concert Party on the planet.

Other than the traders having their but of fun with minor changes in sp, most of us are positioned and ready. Added my most recent chunk a couple of days ago.

True, there must be several private investor shareholders tightly holding several millions in aggregate which would squeeze the free float a bit, yes.

One other point re the website: the reference to Akku Investments is, I think, out of date and should have been removed. Total Oraziman holding unchanged from when I last looked at this a year ago, at 1.089 billion shares (48.41%)

Looks like Concert Party is still on 1.3 billion shares (assuming Midiel Engineering are part of it, having acquired half the Al Marri family holding).

Plus Dae Han New Pharma with 224 million, 9.9%. Total for all those being 68%.

Just 32% free float.

DaisyDo, I can see the page was updated on 2nd April, can you please point out what changed in the significant shareholdings?

"Imo if u r selling at 4p you are desperate for money"

Can't argue with that. Given likely newsflow near term, anyone selling down at these levels is nuts. IMO.

Late reported trade of 1.25 million. At 3.95p. Buy from mm or sell? My gut feeling is it was probably a sell, so price has actually held up pretty well with some demand still. These small moves will hopefully look minor when the expected newsflow starts picking up ...