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As recently pointed out by a very nice gentleman called "Nutty-mike" mining takes a very long time and is very costly, I suspect there will be many more dilutions and a few set backs before the final goal is achieved, as a starter for research Goggle "mining timescales" then "5 stages of mining" and have a guess where alba is .............. a quick quote from Nutty-mike, As my experience dictates, mining is a marathon requiring patience and foresight. Data as of October 30, 2023, reveals it takes an average of 16.9 years from discovering mineral resources to their production, with around 12.5 years devoted to discovery, exploration, and feasibility and about 1.8 years for construction planning.
£408k at todays price, obviously I think you could treble that with Welsh Gold premium ... £1.2m, I would sincerely hope the grades would get higher once processed, probably extrapolated to 1000kg per tonne !!!!!, again this is the problem with announcing individual high grades samples, great for keeping the Gold fever going, rubbish for doing the basic maths, bulk sampling will give a much better picture, then you have a better chance of working out infrastructure costs, extraction costs, processing costs ....... profit etc
Sale of Galaz........................ Of the $100 million disclosed approximately $50.4 million relates to the equity of Galaz & Co LLP, in which Roxi has a 34.22 percent interest and approximately $49.6 million relates to the assumption of shareholder loans owed by Galaz & Co LLP, of which approximately $11.3 million is owed to Roxi.
In aggregate the share of the $100 million disclosed attributable to Roxi is expected to be some $28 million.
Block 8 Deeps:- 2823sq Km contract area, cost $60m from future production at $5 per barrel waiting for licence, owned by Procyon investments (Member of the Oraziman family)
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) up for sale
Additional fields:-
Nsanovskoye Field:- TBC
Tolkyn Field:- TBC
Saztobe Field:- TBC
Tasym and Bekbolat Field:- TBC
Other:-
Mineral extraction: - No details
Wind farms: - No details, wind farm project noted in the 2021 financial statement.
Caspian Explorer:- Awaiting contract details/dates 2024 contract with ENI net profit $15m
CTS LLP:- Caspian Sunrise wholly owned drilling company
Just for clarity I have tried to make this as accurate as possible for every ones benefit, please please, if there any mistakes please let me know
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, to be re-drilled horizontal
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 2400m now at 1000m 25/3/24
South Yelemes:- Shallows Full production/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 1250m 25 Mar 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- Paused 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
Just for those that cant be ******* looking ....... The Block 8 contract area extends over 2,823 km2 with three identified structures and production from two existing wells. It was previously owned by LG International the Korean conglomerate, which in 2006 began the acquisition of 3D seismic data over approximately 456 km2. In recent years two deep wells have been drilled to depths of 4,203 meters and 3,449 meters respectively, from which oil has flowed at rates of up to 800 bopd.
Yes, thats was I wrote ...........Well P-1:- Drilled 2016 Depth 4203m, P1+P2 Combined 110 BOPDs, however if you read about block 8 you will find they did flow up to 800bopd, we need a licence before we can extract any oil from Block 8
Block 8 ? I didn't think we had produced anything from it, I was under the impression we were waiting for a licence, so to say production has stopped well yes errrr it never started for us ......Block 8 Deeps:- 2823sq Km contract area, cost $60m from future production at $5 per barrel waiting for licence
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