Member Info for Divermike

So robbie2017, they dug out 31 tonnes of waste and recovered 30g of Gold (All in previous RNSs) soooooo 9g per tonne? I will answer my own question, an extrapolated figure of 9 per tonne out of a small portion of 1 trench, we know the tips are roughly 4000 tonnes, do you honestly think that 36000g of Gold have been sitting there on the surface

I was on about the $88m sale of the shallows

Somm,The board is now pleased to announce it has entered into a conditional and binding term sheet (the "Heads of Terms") with Absolute Resources regarding the proposed disposal of the shallow MJF and South Yelemes Structures on the BNG contract area,..........The Group would continue to own the remainder of the BNG Contract Area including the licences for the two key deep structures Airshagyl and Yelemes Deep. so not 50%, its only the shallows, all the "A" drills and Yelemes deeps will still be owned by CASP

Good morning Bob, it certainly has been a pleasant few weeks, with the outlook looking a tad inclement I sincerely hope news from the AYM camp hots up

Somm, within 100m of the well does seem a tad close, any way 26m barrels ....... $10 per Barrel profit? thoughts

A quick reminder .....Yelemes Deeps:- Upper Devonian/Lower Permian 36sqKm Salt layer typically 3000m – 3500m Appraisal licence until August 2025, 25 year full production licence obtained May 2025

801:- Sinopec drill, spuded Dec 2014 Drilled to 4950m/5050m? Jul 2015, abandoned not commercial Jul 2024

802:- Spud 2022, stuck pipe, work halted Total depth 4200m flowed at 700-900 bopd 100m earlier than expected looking for partners

803:- Spud Dec 2023, Primary target 3950m, secondary 4200m oil detected over 60m 3360m-3420m, above salt layer testing underway of 15m, now flowing at 500bopds Sep 2024

804:- New well planned

Airshagyl deeps:- Upper Devonian/Lower Permian 58sqKm Salt layer typically 3700m – 4000m, Appraisal licence until August 2025, 25 year full production licence obtained 2025

A1:- Maps only

A2:- No mention on any maps (Possibly old Soviet era well)

A3:- Maps only

A4:- Maps only

A5:- Spud Jul 2014, Stuck pipe removal partially successful , 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 required rig now removed Jul 2024

A6- Drilled 2015 to 4516m Chemical treatment required Jul 2024

A7- Paused at 2150m to be continued to 5300m Q1 2024 interval of interest at 4000m G70 rig required

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

No pump or dump, for that we need FK and George on full steam, maybe just a little excitement before a huge cash injection.

Benjidog, as much as I like the idea of holding the BOD accountable for progress, the current Gold has cost more to produce that its worth, so in a round about sort of way it would let us know how much we are losing

I think we need a CASP organised investor trip to KAZ 8-))

WS is certainly a quick win ..... West Shalva area:- 24.89sq Km in the Zhetybay Steppe oil producing region Mangyshlak, Appraisal licence until 2029 $15m to be paid in 3 tranches (Mixture shares/cash), owned by CS energy, CS Energy is wholly owned by Altynbek Bolatzhan. In 2008 a 3D seismic survey was undertaken on the contract area, which identified the West Shalva structure. In June 2022 oil was detected spilling to the surface. The West Shalva prospect has potential reservoirs of Jurassic and Triassic age. West Shalva is expected to be 37-38 API with 20-30 wax, the Company is preparing to drill an initial exploratory well in Q1 2025 with a Total Depth of 2,600 meters

https://wp-caspiansunrise-2020.s3.eu-west-2.amazonaws.com/media/2024/04/Caspian-Sunrise-West-Shelva-PR-Audit-10-April_Final-1.pdf

WSH-P1 :- 2600 m new well planned for Q1 2025

WSH-4:- Drilled 1977 depth 3500m oil detected at 1033m 3 other intervals not tested, well outside the Triassic shale West Shalva structure.

Yep, 100% convinced the sale will complete, we need Sholkara to produce 800 Bopd per well and CE chartered out and its multibag time

If only, this is all set up for a total rerate and multi bag, however we have been saying that for 1 or 2 decades

I guess we are looking forward to Block 8 and the sale and the oil trading and all the other things going on ......Block 8 Deeps:- 2823sq Km contract area, 3 identified structures, cost $60m from future production at $5 per barrel waiting for licence, owned by Procyon investments (Member of the Oraziman family) The Block 8 licence was previously owned by LG International the Korean conglomerate, who in 2006 started to acquire 3D seismic data over approximately 456 sq km, "The Sholkara prospect has an unrisked mean oil resource estimate of 100-400 million bbl." The resumption of production from block 8 will trigger the repayment of the $3.1m loan advanced to allow drilling

P-1:- Drilled 2016 Depth 4203m, P1+P2 Combined 110 BOPDs did flow up to 800 BOPDs, Sholkara structure licence to 2027

P-2:- Drilled 2019 Depth 3449m Sholkara structure Licence to 2027

AKD-4:- Reached target depth 3922m awaiting testing Jul 2024 Akkuduk structure waiting licence renewal Sep 2024

Put it into context Mullins, 450g per tone after processing and concentrating, means your processing and concentrating isnt working very well and 9.2g per ton out of 1 trench the other 4 trenches were duds, if only 0.92g was found in a 100kg sample, extrapolate that ...... yaaaaay 9.2g per ton, but at the end of the day you only have 0.92g of Gold

What are the advantages and disadvantages of deferred shares?

Deferred shares carry both potential advantages, such as large remunerations in the event of company success, and disadvantages, such as the lack of voting rights and potential financial loss in the case of company failure

THAT each existing ordinary share of 0.01 pence be sub-divided into one ordinary share of 0.001 pence in the capital

of the Company (“New Ordinary Share”) and one C deferred share of 0.009 pence each in the capital of the Company

(“C Deferred Share”) ....A company's articles of association may provide that if the resulting nominal value of the ordinary shares is less than that of the original convertible shares, the excess nominal value will be converted into deferred shares

Mitchy, that is not fun being in that position, what is it 40m shares or so? I feel for you, the problem here is, the Gold is being priced on its rarity, so more Gold produced, the price drops, its conundrum Im trying to get my head around, Gold has been produced and sold and we are still here in the pits

Leveller 8-))

Mr Cautious, Related party transactions has been put to bed ......Related party transactions:- Here again there seems to be a misinformed view that we have favoured the sellers when the opposite is very clearly the case.

In particular:· Shareholders with longer memories will recall that in 2015 we sold Galaz, which was acquired as part of the Eragon acquisition in 2008 including BNG, for $100 million.

· In 2020 the Caspian Explorer drilling vessel was acquired for $3.2 million where it's resale value today is many times greater and the replacement cost is believed to be some $300 million.

· At Block 8 we will only pay (For an asset with the potential to be world class) from future production at the rate of $5 per barrel and with the price capped at $60 million.

· With West Shalva it is only the first $5 million that would be payable should there be no oilIt is therefore only at 3A Best that we have yet to come out on the right side of the deal and as set out above that remains a work in progress.The advantage of related party transactions is that we fully understand and can check what we are buying. Given their existing shareholding in the Group there is no commercial purpose for the sellers seeking poor terms, even if under the regulatory framework it were possible.For us related party transactions have worked very well and we should not be afraid to do others where the situation merits it.

Somm, do we know definitively its a manganese mine they are wasting money on ...... sorry, investing in. Has it been RNS'd