Member Info for Divermike

TT, yes it is indeed only potential and potential does nothing to put money in the coffers hence why we are down at 1p, very frustrating indeed, to realise that £260m is going to take a serious amount of investment/dilution

Thats a big ask Robbie 30g per ton is bonanza grade .... 300 tonnes = 9000g I think a bit more realism is required, however 9000g would be a stunning result and an instant rerate

So the Parys mountain Gold (3000kg), at todays prices is worth approx £201m and the 200 tonnes of Silver ... approx £160m

Asllankukeli, as much as I agree and disagree sometimes with your comments, I think we are all on the same side, I sincerely wish ALBA would start dealing in facts rather than spin, its the "Bottom line" that matters, however GF has to whip up Gold fever to attract investors, the waste tips are just that 31g from 33 tonnes out of the best trench, forget them, get on and process the 300 tonnes of ore, sell the Gold and dig some more out

Seaeagle, here is a radical idea for you, SELL !!! and reinvest in a company you believe in. Just a thought and if you are on a loss, you could even make your losses back or ....... if you think CASP will boom, well stay here, crazy to stay invested in a Co, you think are playing you.

Hi BM, just trying add a bit of joviality, in balls deep here as you know, 8-))

Somm, would 6.2p be too much to ask for

Yeh 26p and dont forget to send your wish list to Santa 8-))

Oce, if ALBA were in the frame of mind to bank the cash from Clogau revenues and fund future cash calls from GROC with that, all would be well, however looking at recent management decisions to lets say .... expand ALBAs international commitments, I fear further dilutions will be on the cards

Ocelot, you have answered your own question, GROCs 2 projects may have an NPV of $800m ........... but at what cost? more importantly how will ALBA fund the development share, 1) With some serious fund raising 2) Dilution of the 34.34% stake, when GROC comes calling for cash, ALBA had better jump very quickly.

Naughty Somm 8-))

Camel tastes OK, had a nice Camel steak in Hurghada marina earlier this year .......... Ok ok they told me it was Camel, tasted a bit ............. oily

JD thats funny 8-))

Clive doesn't read this BB, Clive doesn't like PIs, Clive blames PIs for the share price, be like Clive and bury your head in the mushroom compost

Robbie, stop deramping, it was 31g not 30g ....... moving on, the jewellery contains very small amounts of Welsh gold, sometimes down to 0.5%, will we ever get a straight RNS from GF, we have dug out X tonnes of ore that produced X grams of Gold or will it be the usual after processing we produced 100kg of concentrate that produced 1 oz of Gold and due to the "Nuggety" nature it works out at 500kg of Gold per 27 lbs of ore processed .... Bonanza grades

One of the most valuable assets we have is the trading licence, that is open ended on the amount it can earn for us 8-)) PS:- they are very rare and hard to come by in Kaz

PS:- BNG will get put as "Sold" .... when its sold

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.

Additional fields:-

Nsanovskoye Field:- TBC

Tolkyn Field:- TBC

Saztobe Field:- TBC

Tasym and Bekbolat Field:- TBC

Other:-

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

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

Galaz field:- Sold for $100m, Of million disclosed the $100 approximately $50.4 million relates to the equity of Galaz & Co LLP, in which Roxi has a 34.22 %

Airshagyl deeps:- Upper Devonian/Lower Permian 58sqKm Salt layer typically 3700m – 4000m, Appraisal licence until August 2025, 25 year full production licence applied for August 2024

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

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."

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

T-2D:- Reached 3408m target 3500m awaiting testing Jul 2024 Toresai structure Licence not renewed Sep 2024

3A Best:- 1347 sq Km contract area under the Total E+P owned Dunga field (15,000 BOPDS) now up for sale. Background On 29 May 2018, Caspian Sunrise announced the conditional acquisition of 3A Best Group JSC, an existing Contract Area of some 1,347 sq km located near the Caspian port city of Aktau. 490 sq km of 3D seismic has been shot. 1,327 linear km of 2D has been digitised and reprocessed. C2 reserves, using the Soviet system of classification, of 3.67 million tonnes (approximately 26.8 mbbls) have been assigned to the 3A Best Contract Area. The consideration set out in the sale and purchase agreement ("the Agreement") as announced on 29 May 2018, extended as announced on 13 November 2018 and approved by the independent directors, was for the issue 149,253,732 new Caspian Sunrise shares ("the Consideration Shares") at a notional issue price of 12p per share. This valued 3A Best at a theoretical valuation of approximately $24 million In recognition that the price at the close of business on 18 January 2019 was 6.9 pence per share, all the parties to Agreement have agreed that the same number of Consideration Shares be issued but at 7.0 p closing price, ("the Revision"), thereby bringing the theoretical valuation in line with the actual valua

Excellent overview Phil, here is some meat on the bones

Caspian Sunrise Summary.

BNG:- Includes ..MJF/South Yelemes/Yelemes Deeps/Airshagyl ..1561 sq Km contact area of which 1376 sq Km has 3d seismic coverage, 40 Km from Tengiz (Nearology) The group announced the disposal of MJF and South Yelemes for a consideration of $88m in July 2024

MJF:- Cretaceous/Jurasic independent 4 way dip enclosed structure 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:- TD reached, oil detected over 22m length, perforated 16m, now flowing at 700bopds

South Yelemes:- Cretaceous/Jurasic fault and dip bounded Shallows Full production/export licence to 2046

54:- Soviet sub economic 30BOPD workover Q1 2024 2000m targeting Dolomite interval

805:- 160 BOPDs, 2222m targeting Dolomite, Sidetracked 2200m-2300m Jul 2024 flowing at 250 BOPDs with 806

806:- Targeting Dolomite Sidetracked 2200m-2300m Jul 2024

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

815:- Spud Jul 2024, TD 1900m expected to take 2 months, targeting Dolomite interval, depth at 240m as of 12/7/24

Yelemes Deeps:- Upper Devonian/Lower Permian 36sqKm Salt layer typically 3000m – 3500m Appraisal licence until August 2025, 25 year full production licence applied for August 2024

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