Member Info for Divermike

Ha ha ha George, you are hard work 8-))

Crypto, I do think this has now hit a plateau, if ALBA deliver some meaningful quantity of Gold that can be sold and bring in some money for further mine exploration and also encourage investors, then an inevitable increase in the SP will follow, however .......... if ALBA are burning through the last raise, without a significant income, well then it is very likely a further raise is on the cards, I sincerely hope income can outweigh outgoings

Aidala Munai ?

Good morning George, do you have more info on the mining operation?

Somm, agreed

Still dont think $83m is a good deal 8-((

George, from the accounts RE:- Mining .... Unlike early stage oil exploration similar mining ventures typically require far less investment and in the case of the project we are reviewing could produce income from day one. An investment in a mining project could also provide an opportunity for an expansion of our commodity trading activities

Somm, I cant make head nor tail of this sale, I have read and re-read the various RNSs, from what I can make out, CASP are selling 2 shallow structures within the BNG contract area, after the sale of the 2 shallow structures, they will still own the 1561 SqKm BNG contract area, I just wish CASP would give us some more detail

"Held to ransom" by Foreign investors

Its no secret KMG is struggling, with us owning 100% of CE its likely that the Kazakhs dont want to be held to ransom

Not done much research on the mining side, as i thought it was a bit "Pie in the sky" sorry Clive, however, making money from day 1 is certainly a big shout .... http://midiel.com/en/#about-1

Crypto, very brave saying this is at rock bottom !

Are the Kazaks looking at the CE as a national asset? Sorry Mr Johnny Foreigner you cant buy it, its only for hire

Obviously the big question is Well 155 ..... 155:- TD reached, oil detected over 22m length, perforated 16m, flowing at 900 – 1000 bopd is it included in the sale or not?

Yep, I guess that could have been caused by a myriad of reasons, without the buyer disclosing all the details we are left to guess

Hi George, so much going on here !!! hoping Block 8 get approved very soon, before suspension is lifted, this just going to sky rocket

Interesting idea from Upstream ............Drilling barge ready for Eni's Caspian Sea wildcat

Caspian Explorer barge owner hopes drilling success might be opportunity to trade the unit for a minority interest in offshore Kazakhstan development

Under the terms of the Block 8 Acquisition Agreement there is no significant up-front cash payment or issue of shares. Virtually all the purchase consideration is to be satisfied in cash via a royalty of $5 per barrel from oil produced from Block 8 once owned by the Group. The maximum purchase price is capped at $60 million. However it does have a $3.3m sting in the tail

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

So I guess that oil has already been found in the 2 new drills on Block 8, AKD-4 and T-2D if they are ready to test immediately, once we get the licence ...Block 8

In September 2023 we exercised the option to acquire the Block 8 Contract Area, which was first announced in September 2022.

The Block 8 licence renewal, which was a condition of the acquisition, is expected imminently.