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Lets play, whose sold a few and whose loaded up ...
Being out on an A5 drill, Caspian Explorer contract and a MJF sale, that could be a mistake ...
West Shalva, is to repay the concert party what they lost on the sale of the Caspian Explorer.
$15m, $10m in stock held in the accounts of the UAE company and $5m as a cash bonus to spend in the UAE on Golf.
25Sq K of camel and an old seeping well of water and oil that the previous owner didn't plug and abandon correctly.
The rest of it looks very decent at the moment.
Shame they didn't have Tim Field to plan the tax loophole strategy years before.
Better to mitigate all risks in life, do the job the easy way.
We are all here because of greed, that's us, the Al Marris and the concert party.
Could this go bust or be taken private, have a revolution or be nuked by Russia ( all of Western Europe under same threat ) ?
Of course it could.
We are investing on AIM, for the opportunity of massive multiples, that on its own means there is risk.
West Shalva, complete 9iss take to extract $15m to repay what he / they lost on the boat imo, but it shows how valuable this listed entity is to their plans.
Comparing us against the other AIM oillies, I like Pxen as a safer investment but it hasn't got the opportunity risk vs reward that CASP has, and is possibly already overvalued?
Nothing else on AIM has the multi bagging potential of CASP.
Delt was going to do amazing things - it's in the North Sea - Fubared, very safe political jurisdiction but currently un investable and therefore unrewarding.
We all know IF A5,A7,802, or 803 comes off and the boat hire goes ahead in Q3 along with the possibility of a major buying into 802 and taking all of MJF for $100 - $250M ( depending on your fantasist level ) we go back to 20p+
For all the whinging and all the whining we are all still invested here - that tells you all you need to know!
A5 flare licence doesn't start until tomorrow, not expecting news for a while, price may slide if traders get bored.
Conversely you may see some workers calling home or emailing Carver?
Re size of team.
Lots of non necessary job titles there.
Liz Theakston
CUSTOMER SUCCESS MANAGER
Wtf is one of these?
Needs a really good clear out from the top down before any more funding.
40p price target with a highly dilutive placing with warrants to follow.
The market is punishing weak BOD's and this is a fat and bloated BOD with zero direction!
The Marar (singular Al Marri)
In 1890, under Zayed, the Marar and Manasir tribes were involved in a series of raids on the coast between Abu Dhabi and Dubai, capturing 400 camels and 100 horses.
The Marar had also settled in Dubai and under Sheikh Rashid bin Maktoum of Dubai, in 1891, some 400 men of the Marar, considering themselves ill-treated by Rashid, ended the pearling season by sailing their boats to Sharjah and subsequently settling there.
While the Marar of the towns were traditionally pearl divers
With thanks to Flawless Kicks wife for the info on pearl diving.
Mike, are you an Al Marri?
They don't need to rug pull.
Usually AIM rugs is to get the value into private hands.
This lot have done that n a listed vehicle and set up the ownership and tax structure to maximise the return.
Note the Al Marris interest.
R Hertig, you'd get the toe ;)
Unsure if that joke travels across the Atlantic?
Worst thing i've ever eaten was chickens feet, had to try one to see what the fuss was about, totals still at one.
Kind of a texture of water buffalo with a kangaroo / loose fibre beef steak.
I've had fried and roast, was very nice.
Can sell up to 810,000 at flat rate of 3.3p
593 shares ... that's not the target audience is it, none of us that post on here are the target audience, we are the chump change, waiting for the scraps.
Mid point 2024 that's what they said back in 2018, when you go over each point in detail they've added more than they promised.
Now they need to total the sum of the parts...
Mike,
Also of coincidental interest in that article, if you tab down a para or two there's mention of Kazmunai and an India oil Co wanting to hire the boat for a new drill.
That is for the same Abay ( also Abai ) block where Eni have taken over the Indian State oil Co's interest.
Everything that is happening now in 2024 has long been planned and set out in 2018 and before.
A lot of us have been hanging around to see this, its almost time to get reinvigorated and excited again after all of these years of nearly.
One last point;
A5 flowing ( or A6/A7/801/802/803 )isn't the destination, all A5 ( or the first deep ) flowing does is provide the key that unlocks Pandora's box, one deep flowing provides the funds to unlock the other deeps.
In practical terms what it does is twofold:
Shows that the 800 wells and A wells are connected which is why they are being put on the same licence as per RNS.
Alerts the majors that Kuat & Co are ready for funds to be funnelled to the UAE.
That's when the SP really spikes, investors who've sold all the way out on the first deep price spike may wish they'd only sipped at the well instead of drinking deeply and being felt to feel like a dead camel.
Since they wrote this in 2018
Added Boat
Added CTS Drilling
Added oil trading group
Added 3AB then Government are taking it back after passing of Rafik Oraziman
Added Block 8 and West Shalva - gives Kuat the ability to move things around, Block 8 may have potential, West Shalva and its 25 sqK and bonus camel water feature looks like an administrative purchase.
Some of these purchases / amalgamations may have been due to the oil price turning negative and the civil unrest making them want to offload personal items into London listed corporate listed vehicles, now that it has all come out in the wash it looks positive as they have set up their UAE subsidiary companies and trialled a few Dividend / low tax payments through to make sure everything works in the three different jurisdictions that they are audited in, in my opinion they are getting ready for the big one.
If you believe this has been worked to a plan for the last 3 generations of the Oraziman family then one sentence from 2018 may pique your interest. The capital letters are as they presented it.
LICENCE
Appraisal across entire BNG Contract Area to mid 2024,
with the ability to convert structure by structure to full
production status from July 2018
END
Since then
MJF - full production status
South Yelemes - full production status
(North )Airshagyl - three deep wells drilled at 801.802.803
BNG A wells 4 wells drilled A5,A6,A7,A8
RNS to state if one well flows a full production licence for the whole of the BNG deeps will be applied for...
What is this telling you?
More importantly for Kuat & Co WHAT is this telling the majors who read the minnow oil Co's RNS's ?
Us bunch of PI's aren't going to give him what he wants, we are here as a by product of a London listed entity gives him a vehicle to sell in and out of and direct funds to the UAE, otherwise we wouldn't be allowed a look in.
Is it telling them that Baby Tengiz is ready to pour forth and they should ask to see the data?
Not a ramp, i'm not here for 2.4p to 4p, 2.4p to 8.5p, I'd like Kuat's exit plan to make him even richer than he already is and really see it pop and take us all along with it on a sale to a major.
Happy early May Bank Holiday, hope you've all cleaned your poles ready for some dancing!
Mango,
Joe soaps no slouch either ...
Who could he be talking about? and which page of the 2022 accounts do you need to read?
There was a 250k trade today at 3.3p if you are still looking for ghosts, or rather the imprints where they have been?
Would Nick replace Tom?
The product is built, Tom is no longer required at this binary stage of the game.
He had a long slog of a chance and achieved zero.
Time for him to go.
They need a sales Director in charge!
The advisors gone.
The MM's can sell more shares than they own, then buy them back off the market later on.
They were selling at 3.6 and 3.7p, they'll buy them back and have a clear book for the next rns or run on volume.