Member Info for Divermike

Hiya Somm I sent an Email to Clive, asking for some detail on the 4 wells on the Akkaduk structure and the Sholkara structure, I dont even know the name of the 2nd drill on the Akkaduk structure, just one called AKD-4, there is going to have to be a lot of Goggling on the previous owners to fid out any more info. The only other info is very vague from CASP.

Block 8 .......................... PS:- Never got a reply from CASP

We are in the process of acquiring the Block 8 Contract Area, which is located approximately 160 kilometers east of the BNG Contract Area and which we believe shares much of the same geology.

The required consent from the Kazakh Ministry of Energy has been received with completion now dependent on the approval of the Kazakh Antimonopoly Authority.

The acquisition is being completed on the basis of the Sholkara licence alone, which was renewed in Q4 2024 and at which testing of deep wells P1 and P2 continues.

At Deep Well P1, which was drilled to a depth of 4,203 meters, oil has flowed on a test basis at the rate of up to 270 bopd. However, a high water content believed to be the result of issues with the cementing of the well has resulted in a decision to drill a new sidetrack commencing in November.

At Deep Well P2, which was drilled to a depth of 3,449 meters oil has flowed on a test basis at the rate of up to 846 bopd.

We continue to seek the addition of the Akkaduk structure to the Block 8 package. Two deep wells have been drilled on the Akkaduk structure but cannot be tested until the licence there is renewed.

As usual, any mistakes please correct

Block 8 Deeps:-

2823sq Km contract area, 3 identified structures, cost $60m from future production at $5 per barrel, 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, in Sep 2011, LG-GeoPark abandoned plans for a $10m drill, quoting regulatory delays "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, Sholkara structure licence to 2027, testing 3m interval at 3391m Jul 2025, flowed at 270 Bopd, Water issues requires a new sidetrack starting Nov 2025

P-2:- Drilled 2019 Depth 3449m Sholkara structure Licence to 2027 Production commenced Jun 2025 now flowing up to 846 Bopd on a 4mm choke Oct 2025

AKD-4:- Reached target depth 3922m awaiting testing Jul 2024 Akkuduk structure, Licence not yet renewed due to Kaz authorities Oct 2025

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

Two wells were drilled in 2022 and 2023 to depths of 3,922 and 3,408 meters respectively on the Akkaduk structure. As noted elsewhere, testing of these wells has not been permitted during the very extended period during which the licence renewal applications are being considered by the Kazakh regulatory authorities.

The required consent from the Kazakh Ministry of Energy has been received with completion now dependent on the approval of the Kazakh Antimonopoly Authority.31 Oct 2025, approval now received RNS 28 Jan 2026

GMO, not knowing it was Flawlesskicks speaks volumes

Personally I dont think Grimster is part of a group betting against CASP, however the constant negativity posted on share that allegedly, Grimster is invested in, is somewhat bizarre, if Grimster wants out (At a higher price), why keep bashing the share on a public forum, when quite the opposite would be more appropriate, sometimes I think that it is more important for negative posters to voice their opinions in public, rather than remember why they are here in the first place ..... to make money, if they have doubts about CASP then why not keep it to themselves, post positive comments, attract new investors, bump the SP up and sell out

Dont you just love AI? ha ha ha ha ............ Based on discussions in investment forums, "Gritster" has been identified by other users as a potential seller (or short seller) in the context of Caspian Sunrise (CASP) shares, noted for previously being a vocal, frequent commenter who has since gone quiet.

Context: Discussions surrounding this claim often appear on platforms like the London Stock Exchange (LSE) share chat, where investors speculate on the actions of others during price fluctuations.

Implied Action: The speculation suggests "Gritster" may be part of a group of traders betting against the stock, possibly profiting from a downward trend.

Mrcautious, with regards to related party transactions, this has been well and truly 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.

At times over the past 18 years the Group has run short of cash and turned to the only realistic lender, being the Oraziman family. From time to time these amounts have been converted to shares but always with the prior approval of the independent directors as advised by the Group's Nominated Adviser and under the rules of the UK Takeover Panel and most importantly also approved in advance by independent shareholders. These share issues once approved have also always been at a premium to the prevailing share price.

Without this funding we would not have been able to develop the Group's activities and in all likelihood would not have survived.

Do your research GMO ............Caspian Explorer:-

The launch of the ‘Caspian Explorer’ barge was officially held on June 14, 2012 at the Ersai Caspian Yard (IMO: 9605671) is a Drill barge, overall (LOA) is 114.5 meters and her width is 40 meters. Owned by Prosperity Petroleum, a UAE registered holding company for the CE, In 2020 we acquired the Caspian Explorer 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) Approx $300m replacement cost,

1) In June 2021 Caspian sunrise announced its first charter with KNOC (Safety related, non drilling) $1.2m was received for the charter, the income from the charter covered the Caspian Explorer's costs for the year. RNS 27 Jun 2022

2) In 2024 a drilling contract with ENI commenced, the charter generating revenue of approximately $14.3 million and a gross profit of approximately $3.8 million , Discussions are at an advanced stage for up to three separate charters in 2026.

Mooring:- The Caspian Explorer has recently moved to the port of Ersai when not on charter resulting in significant cost savings.

In June 2023, Caspian Sunrise PLC announced a conditional agreement to sell 50% of its stake in the Caspian Explorer drilling vessel to Stepping Stone Investments Limited for $22.5 million. This agreement was later blocked by the Kazakhstan authorities, citing the Caspian Explorer as a National Asset

Given its unique nature other expressions of interest in acquiring the Caspian Explorer have been received at indicated sums vastly greater than its accounting valuation. While it is not the Group's intention to sell the drilling vessel we are, as set out more fully in the Chairman's statement, obliged to consider all meaningful offers. RNS 27 Jun 2024

Am I reading this wrong? I thought it was the current cold temperatures in the field that prevented an accurate test, not the interval temperature ......" Given the current low temperatures in the field as the solidification of paraffin in the well prevented accurately testing the flow rate for a sustained period"

As Jimmy says, "Its commercial" and we are going for more, RNS lacking in detail, Winter in Kaz, so I guess its pretty cold, even Diesel begins to wax up at -10c--15c, heaters I can live with

Ahhhh waygoosed, just remind me again, when are we de-listing, remember how certain you were!

Getmeout, your talking gonads mate .... as usual

· In 2017, the Caspian Explorer was hired out to a KazMunaiGas / Indian state oil company joint venture for $28 million after costs and drilled one exploration well to a depth of 3.5 km.

· In 2018, the Caspian Explorer was hired out KazMunaiGas for up to $24 million drilling one exploration well to a depth of 1.8 km.

· The Caspian Explorer did not operate in 2019 or in 2020. In 2021 $1.2 million was received for a safety related charter

Getmeout ................... $1m loss? please explain with facts

Jimmy, The other board appears to get a few posts these days

Rosie, there aint millions of free float to hoover, believe me I try, dont know where you get your info from, but its a load of 80ll0x

Elir71, which trench in the waste tip do consider commercial?

Ian, that cant be said for certain, what GF has done is peddled a dream he has spun a yarn, with his extrapolated mega ounces per tonne, why cant we be given straight facts and figures eg We have blasted 10m and recovered 200 tonnes of waste or we have sent 10 tonnes of ore to be processed we expect the results back on the 1st of April etc etc

Almost certainly a rollover, trades that size, would certainly either, crashed the price or sent it through the roof

You have started the wacky baccy early this weekend 8-))

Nice to see you back posting Xpublican, 5p share buy back, Hmmmmmm

Somm 8-)) ha ha ha, I worried that he is sat there worrying, he has told us he's worried, we should all be worried