Member Info for Divermike

Thats a bit stingy Somm, ...... 0.5p per share

Its OK Gritster, all your problems will be over soon, we have got your ticket for a Kaz visit .........

Somm, lots still going on at CASP while we wait .................... Trading licence:- Caspian Sunrise holds a coveted oil trading licence under the new rules introduced in 2023. Under this heading we purchase crude oil and fund its refining, selling the resultant oil products to third parties. Caspian Sunrise adopted a relatively low risk approach to oil trading having formed a 70:30 partnership with an established trader with ourselves being the larger party and with our 30% partner providing the required funding.

Mineral extraction: - Mining possible manganese extraction in the East of Kazakhstan, in the case of the project we are reviewing could produce income from day one, Jun 2024, An asset has been identified and we are in the evaluation stage with the intention, if what we believe is confirmed under an internal and external due diligence process, to seek to conclude its acquisition later this financial year. The United States International Trade Administration also lists Kazakhstan as having the world's largest reserves of uranium and extensive coal, gold and manganese reserves.

Wind farms: - No details, wind farm project noted in the 2021 financial statement.

Caspian Explorer:- Prosperity Petroleum, a UAE registered holding company for the CE, All cost written down in previous financial statements so that its carrying value now $1.7m, Originally bought for $25m, issue of 160,256,410 shares (Then 12p per share) Awaiting contract details/dates 2024 contract with ENI net profit $15m Costs of $60k per month when in port

CTS LLP:- Caspian Technical Services, Caspian Sunrise wholly owned drilling company, CTS owns 4 rigs, being one G50, two G40's, and a G20 workover rig, with the number indicating the maximum drill string weight the rig can support. Negotiations underway to acquire a G70 rig

Robbie, its pretty much unknown what happens, are they even allowed to take anything off site as they will have no licence, in the dark as usual

ALBA are cutting it fine with this production licence, 3 working days left, then its on its ass, come on ALBA lift the doom and gloom, just say you have applied and its being processed

A bit of a dull day at the office, no trades, I guess its pretty cold and mostly shut down in Kaz right now, news very very soon on all fronts

Rosie, I suspect he has now broke open his piggy bank and wants to gorge on 1p per share (As we all would)

Sorry my mistake on that last post, 2025/2026 has gone up to £21Bn

Crypto currency tied into the Welsh economy !!! I think some research is required there, the Welsh economy is a basket case, relying totally on handouts from the UK Government to the tune of £15Bn every year that's £10,000 for every single working man and woman

Indeed BM, that is why we live in a democracy, however we must not fall into the trap of pandering to the vocal minority, we have votes, live with the result

Indeed it does ........................... The Exploration Licence has now been extended for a further four years, being the maximum extension possible under the terms of the original licence. As such, the Exploration Licence will now remain in full force and effect until 9 February 2025. In keeping with the original licence terms, GMOW is required to submit formal progress reports every two years. As and when GMOW is ready to proceed to commercial production, it will apply to convert the Exploration Licence into a formal, long-term Lease.

Elir, because ALBA have already had the maximum 4 year extension to the exploration license and that runs out in a few days, its full production or nothing, there are many planning/environmental hoops to jump through before full production is allowed, I hope ALBA are well ahead of the curve here

Ocelot, that was a really, really, really, roundabout way of saying we haven't got a licence in 13 days.

Hmmmm, some of the worlds most hazardous airlines you say ! we could all chip in and send Gritster ................ 8-))

Same with me TT only ever filtered 1 poster, he is a complete and utter fantasist, obviously follows the reality TV shows "Deadliest catch" yep he's caught record breaking fish ...... "Gold rush" yep he's fully invested in Gold .............. "Outback Opal hunters" yep he trades Opals ........... personally, I think he used to watch "Sewerman"

TT, ha ha is that loser still posting on here, I thought everyone had filtered him

TT errr who are you on about?

Interesting you should say that, I guess $72m paid back plus some of the CE money would render the rest of CASP at zero value, the oil trading Co and CTS and all of the other plays, a crazy situation we are in

Totally agree SOMM, 0.5p - 1p per share divi on its way whether we like it or not, the concert party is well set up to receive large amounts of cash

Pumping lots less oil combined with people getting to sick to death of the anti fossil fuel Green lobbyists and a bit of World growth could see a shortage of oil and a huge price increase in oil, Id be happy with 42p ............... Jimmyg have a glass of plonk and some pigs in blankets, cheer up