Member Info for bluemango

Agree absolutely, come on guys, both coffeecups and somm, you both have interesting insights, nobody has a monopoly on the truth, and sometimes things get misinterpreted. Don't let egos get in the way of the valuable contributions you both make.

Somm, he said in his post that $200m dividend was a tongue in cheek figure.

The rest of us might enjoy the banter between you two because it flushes out some intriguing possibilities, but you might want to acknowledge you agree more than you disagree. Best wishes to you both ...

Thanks Somm. A billion dollars for the deeps just happens to be in the ballpark for Kuat's and Clive's 2019 Long Term Incentive awards which kick in at just over 28p a share, $800m market cap.

As one investor I know well said, it was good in the case of Caspian Sunrise (CASP) to see a stock go up and stay up. This was and still is something of a rarity in current stock market conditions. Here the trigger for the Sunrise rise was considering selling all or part of the BNG contract area’s shallow structures. As is often the case these days, we have a company sitting on an asset whose value has not been factored into the market cap. Indeed, many small caps have this sum of parts being great than the whole problem currently"

Doing the sums here, at current exchange rate 0.7926, $800m is £634m.

At 2,250.5 million shares in issue, that's a target price of just over 28p for Clive and Kuat's awards to kick in. By my calcs, a mere 7 bagger from here rather than 9?

Bid moving up, tighter spread - that's what we like to see ...

Any sellers will seriously regret this in a few weeks, imo.

Bullish to see, unlike yesterday, most of the day's gain held onto. Bodes well. As sentiment and confidence gradually return, peeps should think it might actually be worth holding on for more meaningful gains over a longer period than just a couple of days.

I'm acknowledging there will be a few stale bulls having been in for several years, but imo now is precisely NOT the time to be banking what for most of them will be only, as yet, a very modest return.

Very bullish note from WH Ireland this morning. Ends with:

"The current year will be significant for many of the company's growth businesses as they establish their first significant commercial successes. It is an exciting time for Caspian Sunrise and we see significant scope for positive developments in the near-term and into 2024 for the company."

If you can sell decent size for over 2.65, it puzzles me why they insist on showing a bid well below that, at 2.4.

Surely they want to encourage trade, by having a narrower spread that more closely reflects the true situation? A conspiracy theorist might suggest they actively want to discourage sells currently.

For those that haven't realised, Oakbloke has re-written and expanded his original article from 19th March, responding to the Results statement. Link posted over on 'the other site'

PickledPeck

All far too rational for some on here who 'methinks doth protest too much'

And yes, it's not going in - whether that's deliberate or whether it doesn't suit their agenda, who knows. Best leave them to it.

He was faced with an accumulation of issues, mostly outside his control, and has acted intelligently and rationally to address them and get the company back on a more sensible footing again.

People may not like the changes needed, but blaming him for the circumstances that led to them is irrational. Flexibility in management is a fast better trait than blind continued adherence to a path within a totally altered backdrop.

It's not simply about blind trust in one particular individual, but instead calmly and rationally assessing a situation, noting the circumstances (many outside his control) that led to yesterday's announcement.

I'd much rather a CEO that was intelligent enough to adapt to change, than one who stuck rigidly to a strategy that clearly had to change - as the market had been telling everyone for many months.

'Cynical or realistic - or both?'

No, just over-emotional hyperbole and a perfect illustration of my earlier post.

Hopefully we got most of the knee-jerk reaction, angry private investor "I'm cross at the dividend cut so I'm selling now" people out of the way yesterday.

Still no comment from nomad WH Ireland which is VERY unusual following an operational update, which was issued 16th Feb.

Each to their own but if they start having some drilling success in the deeps, then I'm not planning on parting with any shares until at least 20p and probably not then. In fact I tend not to set arbitrary targets; if success comes then the intention is generally to ride it for as long as they can continue to build on that progress.

Thanks Somm (and Mike). That's quite a list.

Something of a challenge for investors to keep up with the full list of prospects, their previous progress/discoveries (eg your detail from 801 update) and their current status. And how it all ties together, marking the extent and depth of the various oil-bearing intervals. And therefore what the medium term and then endgame valuation might be.

A request please. Someone fairly recently posted a very helpful summary of all the Casp wells with their current status. The search facility on LSE being pretty non-existant, could anyone kindly give me the thread subject for that post to make it easier for me to find again, please? Or if the original poster has a copy and could re-post it, even better ... TIA.

For context and for the benefit of other relative newbies like myself, the detailed description of the various intervals in Well 801 (NY) quoted earlier by Somm, are from an RNS issued in August 2018.

30p in Q4, wouldn't that be nice .... plenty of potential newsflow including deep wells leading up to that, so who knows ....