Member Info for DaisyDo

Maybe just another tool from the toybox to keep the price down

If the claim had any real merit, CASP would want to book a provision — because it would reduce profit and therefore reduce tax.

But they can’t, because the claim fails IAS 37. .. It's either a nuisance claim or has another purpose me thinks

I see he is now on the Helium One website ... his first RNS for them may tell us more about Caspian than the Caspian ones !

Wouldn’t something in hot air balloons be more appropriate ?

Hi Somm .. as I understand it .. 803 on a pump would take a good few weeks to prove the interval is connected to the wider pot of oil to prove the flow (if it is flowing) is sustainable, if the install was really underway and went smoothly 2-3 weeks, then early to mid May is a good time to expect a result

Hi Somm ... 801 is so damaged they have given up on it for the moment, maybe forever ... but it showed it is worth doing a new one in the same place

May should be the month for 803 pump result and I'm hoping the longer we have to wait, the better the outcome

I think we are a couple of weeks away from 803 pump news as they would have to run a stable rate for a while to prove it is connected

Thanks Joe .. I've not been watching that page .. do you know when it was last updated ?

I also found the dividend page has gone .. although still in the menu

As Aibek is Uk resident now ?

The change to the Operations page last week feels more significant than it first looked.

I was initially concerned that we hadn’t had any update on the pump installation at 803, but the new wording on the website may actually be the first indirect sign that the well is behaving as hoped.

My understanding (and I’m not claiming to be an expert) is that 803 flowed strongly on first contact but didn’t have enough connected fractures to sustain that rate, so they shut it in to see whether pressure would rebuild. If pressure does rebuild, even slowly, it usually means the well is connected to the wider reservoir, just not through a high‑permeability path.

In that situation, installing a pump is the standard next step to see whether the well can stabilise at a commercial rate. If the pump has now been running for a week or two, they’ll want to see a proper stabilisation curve before announcing anything.

The updated Operations page now says “work continues to bring three of these wells into commercial production”, which is stronger wording than before and appears to have been changed after the pump installation window.

If the pump is performing acceptably, they may wait for a couple of weeks of data before issuing an RNS — especially if they’re managing the timing of news flow given everything else happening across the portfolio.

So while we don’t have confirmation yet, the website change could be the first hint that 803 is behaving better than feared.

They have updated the operations page and menu links I think ... but to me the talk of deeps into production, which I think was done last week is like a soft news release

More changes to their website today .. getting ready for news me thinks

I think this is new wording on the caspian operations page ....

Airshagyl Structure

Four deep wells have been drilled on the Airshagyl structure. Work continues to bring three of these wells into

commercial production.

Yelemes Deep Structure

Three deep wells have been drilled and work continues to bring them into commercial production. Further deep well

on the structure are planned.

Shareholders services page on Caspian website updated 8th April with no changes that I can see .. wonder why

Hi Somm ... hope you are getting some sunshine today,

Sorry, but not as I see it, but good to debate interpretation given Caspian’s smoke and mirrors ... I'm sure existing deeps at Airshagyl got a separate production license ( think there was an rns) and the latest new appraisal license is for additional wells ... I think on Yelmes existing deeps are covered by BNG production contract and again the new appraisal licenses are for additional wells ... So I still think export from 803 is an option ...

But hey, do we really care that much ... the important thing is that they get 803 to produce at a sensible rate and get some cash

I think maybe people have missed that the Yelemes Deep appraisal licence and Airhagyl Deep appraisal licence are for new deep wells.

The BNG contract area production licence includes amoungst others 803 .. so if it flows it goes on the train for export

Hi Joe ... correct me if I am wrong, but 803 is in the BNG contract area ... isn't it ?

Can't agree with that ... the numbers say differently ... let's see what happens if they can get it out of the ground

Pump install at 803 should only take a few weeks, if it works then they can export that oil ... revenue of $1 Mill a month is possible

I think that the licence on 803 allows export sales?