Member Info for DaisyDo

Hey CC,
Not had time to dig (or should that be drill) into South Yelemes yet ....... Oh God, I'm sounding like an RNS !

Hi KK,
Over the phone, but it was a bit of a pain ... They said it would take 10 days at first as they were so busy.

The 12.46 trades are my Bed and ISA ..... not Two sells as showing

Afternoon cc
From June interims ... Share premium is $ 249,007,000 - Deffered $64,702,000 - RE is Negative $ 221,479,000
+ Other stuff gives total equity $ 57,525,000
So if all OK at court, I don't see why not given the last months trading, the Negative RE will be gone
I'm Guessing RE to end Dec 2021 will be positive $93 Million plus $2.5 from P&L
Then to June plus another $20 ? ... so maybe $105 Million of Distributable reserves ... lets see

The 12.46 is my Bed and Isa ... not two sells

My biggest concern is the setting out of the mid market prices, 4p average I think over the previous six months ... is that about the lowest ever

Hi CC ... I think they had $250 in the share primium account at last interim accounts, so it will be up further from the debt swap for shares at 3.2p, I recon they will clear the retained earnings (loss) with it ....

On the Yemens ... I did look a while back and found something from amny years age saying daily output was expected to reach 500 - 600 bopd ... I also saw another thing saying that when shut off Roxi was only getting 100 -150 ... maybe the horizontal drilling has potential

Afternoon KK ... The 160 million shares for CE have nominal value of 1p, so CE was £1.6 mil, the conversion to $2.8 accounting figure will be down to what ever they decided the exchange rate was, plus a lovely lump of expenses I guess ..... the balance of the other 11p per share goes to the share premium account

Hi KK ... Sorry, I should have been more specific ... I think the company will buy the options at the specified option price and then hold them in treasury, there is no need for the option holder to exercise them first.

My prediction is that they will buy the share options first ... nice little reward

Afternoon KK
Have you forgotten about resoulution 10 of last Julys AGM ?
I recon that's where the piggy bank is going ... they have "fair" valuation in place
Unfortunatly, I don't see them buying from me

Morning KK
Route to market .... Hopefully they will move some or all of their output now, it would be a shame to wait for the bus to be full before trying to get on it.

Spot on ...
I've not done the numbers but I think the "Sale" of share to Al Marri was just to keep the share holding percentages in range for a PLC ...
As you say, they should be spending their time getting the stuff out of the ground while it is at high prices ... a safer route to market would be good too

Interesting opinions on dividends ... I haven't changed my mind
Lets see if anything actually happens ... I doubt it
I was just rattled by the inclusion in the Feb 15th dosument of:
"Should Independent Shareholders not approve the Debt Conversion, funds that would have been available for further development ofthe Group's assets would instead be diverted to repay the Loan and the commencement of dividend payments would be delayed until such time as sufficient distributable reserves were created"

Please someone tell me I'm wrong and why.
I feel the talk of Dividends was just a carrot dangled to make sure the debt swap happened.
How can a capital reduction dividend be done? and don't we need to clear the retained losses before a standard one can be distributed ?
I'm still on strong buy as I think the production numbers and high price will eventually be reflected in the share price

I'm struggling to understand how didvidend from capital is worth doing when the total nominal value of Caspian shares is £56 miliion ... or I've got something wrong ... does anyone out there know ? ... it's making my head hurt

KK .. divi from capital .. so it's either reduce nominal share value, cut up some shares or give the shareholders something the company owns. I think buying some shares would is the easiest to get through the court

Next news should be that the company has bought shares in itself ...... all or some of the new shares

Getting their companies house reporting up to date this afternoon ..... the ball is rolling

Morning cc ...... 3rd April ?