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Yes, 70,000 barrels per month, we have all suspected that CASP may have probably holding back in some form or another and this part of the last RNS some what firm up the suspicions ...................... "We can see a time in the near future when it would once again be in the Group's interest to sell as much oil on the international markets as our licences permit"............ I mean come on !!!! Once again be in the Group's interest to sell as much oil as we can
Yes there is £20K a year, depending on your investment strategy, put low risk/low gain stocks in an share ISA might not be to everyone's taste, putting high risk/high gain stocks is my preferred way, the special divi is just pie in the sky at the moment, the Monthly divi (Or when ever they decided to give it us) that we used to get was just used to purchase more shares and hence the snowball grows and grows, when are in multi bagging territory with CASP (As can be seen historically) CASP outside an ISA isn't for me. PS:- Some of us have been here 14+ years, multiply your allowance x14 thats how deep some on here are ....... £100k per penny (Not me by the way)
Looks like they might "Magically" get a deep flowing soon ....Recently the market discount on oil produced in Kazakhstan but transported via the Russian pipeline network has all but disappeared for international consignments of approximately 70,000 barrels per month and greater. While we are not yet producing at these levels on a monthly basis we can see a time in the near future when it would once again be in the Group's interest to sell as much oil on the international markets as our licences permit.
Looks like we may have several interested parties, this also from CE .......The unique nature of the Caspian Explorer has also resulted in our inclusion in a number of ongoing discussions to participate in new much larger scale offshore drilling projects.
Allans55, do you honestly think that they dug a hole in the ground for the purpose of extracting Gold and then went and left significant quantities of easy to access visible Gold in the walls? dream on
A good time to remind ourselves why we are here, (If anyone know any different please share)
Caspian Sunrise Summary.
BNG:- 1561 sq Km contact area, 40 Km from Tengiz (Nearology)
MJF:- Shallows Export licence to 2043
141:- Spud 2015 depth 2500m Sidetrack commence Dec 2023 27m of stuck pipe
142:- Spud 2015 depth 2500m Dec 2023 new sidetrack, 3 intervals, 1 now flowing at 160 BOPDs
143:- Spud 2013 depth 2750m Tender for pipe lines to GZU Oct 2023
144:- Spud 2017 depth 2750m up to 700 BOPDs 7mm choke
145:- Spud 2017 depth 2750m Workover failed Feb 2024
146:- Spud 2017 depth 2750m
150:- Spud 2019, 1st infill well, up to 500 BOPDs
151:- Spud 2020, 3rd infill well
152:- New well planned as a horizontal drill
153:- Spud 2020 depth 2503m Workover in prog was producing 830 BOPDs 8.5mm choke
154:- Spud 2021 depth 2548m, up to 645 BOPDs
155:- Spud expected Nov 2023 completed Q1 2024 TD 3000m
South Yelemes:- Shallows Export licence to 2046
54:- Soviet sub economic 30BOPD workover Q1 2024 2000m targeting Dolomite
805:- 160 BOPDs sidetrack Dec 2023, 2222m targeting Dolomite
806:- Workover Q1 2024 2000m targeting Dolomite was flowing at 150 BOPDs with 807
807:- Workover Q1 2024 2000m targeting Dolomite
808:- Spud 2017 3200m 6 intervals potential new structure, drilled to 3070m, inconclusive testing, high water saturation, 2 shallow intervals of interest not yet tested
Yelemes Deeps:- 36sqKm Salt layer typically 3000m – 3500m
801:- Sinopec drill, spuded Dec 2014 Drilled to 4950m/5050m? Jul 2015, now blocked, waiting for rig
802:- Stuck pipe , work halted Total depth 4200m flowed at 700-900 bopd 100m earlier than expected looking for partners
803:- Spud Dec 2023 target depth 4200m TD Mar 2024 at 500m Feb 2024
804:- New well planned
Airshagyl deeps:- 58sqKm Salt layer typically 3700m – 4000m
A1:- Maps only
A2:- No mention on any maps (Possibly old Soviet era well)
A3:- Maps only
A4:- Maps only
A5:- Blocked, 63m interval flowed at 3800 Bopd 19mm choke for 15 days Dec 2017, flowed at 1500 Bopd 12mm choke Feb 2019 for 40 days. New sidetrack from 3769m to 4405m Nov 2023
A6- Drilled 2015 to 4516m Repair required Q4 2023
A7- At 2150m to be continued to 5300m Q1 2024 interval of interest at 4000m
A8- 3 oil bearing intervals, now abandoned
A9 New well planned to find perimeter of Airshagyl TD 5300m targeting Jurassic prospect
A10 New well planned
Block 8 Deeps:- 2823sq Km contract area, cost $60m from future production at $5 per barrel
Well P-1:- Drilled 2016 Depth 4203m, P1+P2 Combined 110 BOPDs did flow up to 800 BOPDs, Sholkara structure
Well P-2:- Drilled 2019 Depth 3449m Sholkara structure
AKD-4:- Reached target depth 3922m prep for testing Nov 2023 Akkuduk structure
T-2D:- Reached 3408m target 3500m prep for testing Nov 2023 Toresai structure
3A Best:- 1347 sq Km contract area under the Total E+P owned Dunga field (15,000 BOPDS)
Additional fields:-
Nsanovskoye Field:- TBC
Tolkyn Fiel
Yeh, I can see why the are so hell bent on A5 looking at my notes,
A5:- Blocked, 63m interval flowed at 3800 Bopd 19mm choke for 15 days Dec 2017, flowed at 1500 Bopd 12mm choke Feb 2019 for 40 days. New sidetrack from 3769m to 4405m Nov 2023
George, I bored myself reading so much stuff on 808, please see below, if anyone knows anything else about SY shallows please post
South Yelemes:- Shallows Export licence to 2046
54:- Soviet sub economic 30BOPD workover Q1 2024 2000m targeting Dolomite
805:- 160 BOPDs sidetrack Dec 2023, 2222m targeting Dolomite
806:- Workover Q1 2024 2000m targeting Dolomite was flowing at 150 BOPDs with 807
807:- Workover Q1 2024 2000m targeting Dolomite
808:- Spud 2017 3200m 6 intervals potential new structure, drilled to 3070m, inconclusive testing, high water saturation, 2 shallow intervals of interest not yet tested, not a priority
Any idea of what happened to well 808?
Potential new structure
With well 808, Caspian Sunrise has explored a potential new structure, targeting Cretaceous Jurassic and possible Triassic horizons. If successful, the new structure has the potential to rival the success of the MJF structure.
As previously announced, well 808 was spudded in January 2017 and drilled to a depth of 3200 m in March 2017 without incident and six intervals of interest identified.
Caspian Sunrise has previously announced the lower intervals tested between 3038 - 3030 m, with between 3014 and 3008 m containing shows of oil films but tested water with gas and are not considered worth pursuing. However, the company now believes that there may be a leak in the well casing, thus resulting in water inflow.
Once the casing has been assessed, and repaired if required, Caspian Sunrise will retest the lower intervals and also the remaining intervals between 2714 - 2716 m; 2646 - 2648 m; 2557 - 2559 m, and 2356 - 2363 m are planned for perforation and testing.
In the event, the results of testing the remaining intervals at well 808 indicated the presence of a significant quantity of oil a further two wells are planned for later in 2017.