Member Info for bluemango

My condensed version of DM's excellent summaries, but concentrating just on the deep structures of Airshagyl and Yelemes is as follows:

Yelemes Deep: On 3rd December 2025, Casp announced that the Kazakh authorities had extended the previous estimation (appraisal) licence for a further two years, "during which development may resume and a further submission may be made for a 25 year production licence". Current focus is on Deep Well 803, where oil has been discovered over a 60 meter interval, and where the "oil pressure has increased with oil of good quality seeping to the surface"

Airshagyl: In May 2025 a 25 year production licence was issued for an initial 3 year period. Current focus is on a planned sidetrack on A5, and Acid treatment on A6 (results imminent!)

DM, I think you may have been slightly mixed up with the licence situations for the above two structures. I believe the above is accurate, but please correct me if I'm wrong.

Awesome - very many thanks for your efforts DM 😃👍

DM may I ask you a big favour when you've got a spare 'post-Xmas' moment? Could you possibly post one of your famous 'current status' summaries of known & planned wells, by licenced block? Obviously now excluding the sold shallows. Hopefully it's already on a document that you can just dig out and post? Hope that's ok.

So Somm is right, the net cash proceeds this time around are way more significant than back then. I'm expecting they'll be used to improve success (and concurrent use rather than juggling rigs, no more using less than optimum equipment etc) with the drill bit.

I'm bored with 2's and 3's now. Let's see some 4's and 5's on the sp early in the New Year!

It's long been one of my frustrations with investing that you don't always get rewarded for years of foresight. Given a re-run of 2023 to the current time, I'd have held off a bit from buying earlier on and saved it to pile in more than I've done at these prices now. Of course it will be rewarding to see success here, but also tinged with an element of envy for the Johnny-come-latelies who are only buying now.

This is the most excited I've been about Caspian's prospects since they first came to my attention. We have never before had the combination of loads of cash on the balance sheet, and the sheer breadth of near, medium, & longer term price drivers - all with the funds, finally, to push on with drilling etc & get some decent results.

Wishing everyone a Merry Christmas and a 'rewarding' New Year

I'm rather surprised to see the last broker note from their Nomad, Zeus, was way back in November 2024.

Are they saving themselves up for 'the big one'?

Somm - that 99,206,349 shares for first oil shows, is the EXACT amount by which the two versions of the RNS differ.

Interesting! Next few days/weeks should be good ....

Interesting little sequence of events this morning, where the first version of the RNS detailing the numbers, clearly assumed there would be an imminent issue of shares on first oil shows at West Shalva - followed by a hasty correction .... aren't they supposed to be near to TD now?

The Manganese Prospect should follow, described as 'already profitable and generating cash'

West Shalva shares were issued at 4p, these are at 5p.

Clearly the Orazimam family Concert Party sees those levels as the minimum these shares should be trading at, obviously with significant upside expected from that on top. Happy to be dragged up to that valuation and beyond, hanging on their coat-tails, in a relatively short time from now ....

Good move, Lamoroma24.

I've mentioned elsewhere, the juggernaut of negative sentiment will turn - and when it does; those who were brave now, will be rewarded.

Fully funded for the first time in years; so many are overlooking the positive implications of this simple fact, compared to the previous 'running on fumes'.

My previous post was rather stating the obvious, but it's fascinating observing investor psychology and the herd instinct.

The fundamental shift in market view towards Caspian Sunrise, needs to be 'look it's gone up a tiny percent, finally I can dump some'

to:

'If the news carries on this way, the price is eventually going to surpass 25p and I'm buying as many as I can afford and holding firm'

I strongly believe the shift to this second viewpoint will come; personally I'm already at that point but that's because I tend to look ahead rather than backwards. I'd rather be in now rather than trying to scramble onboard when everyone else is trying to play catch up. But meanwhile, for that mindset to spread to a wider market, it'll require an upshift in positive news, which in turn will attract new investors.

'I know how slow the minerals business can be'

Which is precisely why they are only targetting opportunities where the key determinant is speed to cash flow positive - or already profitable such as the manganese prospect.

"We continue to pursue several mineral opportunities, the most advanced is a manganese project which is already profitable and generating cash.

Other projects being assessed include gold, copper, zinc and titanium. A key determinant in the assessment of all these projects is the speed at which they become cashflow positive"

Given the political, human and financial costs to Russia, I don't think Putin will be in any hurry to repeat this exercise elsewhere. Otherwise, agreed; an ending to the conflict and eventual lifting of sanctions will be a definite positive for Casp.

DM, many thanks - I'm sure you had nothing better to do!

So, first mentioned seven years ago.

Agree with comments on the JV; let's hope it doesn't come to that and if it really has to, that the price extracted is significantly more than $72m.

Hi DM, where and when were the A9 and A10 mentioned please? Thanks

A reminder:

The 2019 Long Term Incentive Plan for CC and KO, an award triggered when the market cap reaches $800m, would be (at current shares in issue and dollar rate) a share price of 25.43p.

An ambitious target maybe, but significant enough in reward terms for those two individual to somewhat 'concentrate the mind'. And eminently achievable given the right outcomes and some more patience, even if it's measured in years rather than months.

I don't plan to release the substantial amount I purchased within minutes of CASP being lifted from suspension on Monday, until then. For as long as it takes. Along with the others accumulated beforehand. Forget just 'double figures'. If the deeps truly are 'world class'in comparison with Tengiz, then it's not fanciful to think about this higher target.

It's getting to the stage where one could contemplate recommending this to friends. The combination of near term price drivers, jaded sentiment versus likely hype when they really start delivering, lowly current valuation in relation to the assets, healthy cash position for first time in many years; all these factors and more are starting to make this look like a compelling prospect.

We shouldn't underestimate the previous negative impact of them 'running on fumes'. Historically, having to penny-pinch on operations has clearly impacted on their ability to prove up their assets (and, this being Kazakhstan, possibly also to 'smooth the wheels' in getting the necessary approvals on a timely manner?)

But not any more - see the following:

"At the date of these financial statements the Group has cash of approximately $23 million, which is significantly in excess of the Group's financial commitments over the next 12 months"

"Accordingly, the Board for the first time in many years, no longer considers there to be a material uncertainty regarding the assessment of the Group's financial position and have adopted the going concern basis in preparing these financial statements"