Member Info for Divermike

I think its about now that GF produces a "Gold fever" RNS, we have extracted the equivalent of 30000000g per tonne of ore, yes they did only extract 1g but its the equivalent of 3bn g per tonne

BM, read HMHG post history on different shares, its hilarious, a very bitter individual

Have you been waiting all day to post that? doom and gloom !!! you couldnt buy anything all day then it went into Auction after hours

Looks like news soon on the Manganese mine ...... exciting times

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. Kazakhstan is one of the world's leading minerals and rare earth producers and it has been a long standing ambition for the Group to participate fully in the development of these natural resources which come without many of the issues currently affecting oil production in Kazakhstan. Other projects being assessed include gold, copper, zinc and titanium. A key determinant in the assessment of all these projects is the speed at which they become cashflow positive.

The Group is reviewing a number of potential mining acquisitions with further announcements expected following the resumption in trading of the Group's shares. (RNS Oct 2025)

Just Emailed CASP asking them to clarify some points on Block 8, I feel I shall sit here until eternity waiting for reply, but I will post if it appears

Nice to see significant cost savings on the CE.

Mooring

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

Well Goosed, Mr £800 worth what happened to all your doom and gloom delisting predictions? and Grimster this is how you make money, buy a shed load at 1.85p pre suspension and sell at 2.50p post suspension, PS:- Remember that for next year.

TCXMAN, keep reading it is in there quite a long way down

SOMM have you been on the Xmas crackers jokes? 8-)) ......... The 2 wells are a mystery, certainly a mystery only Carver can make even more mysterious

Genuine question peeps, I try and keep a record as accurately as possible on CASPs drills however this has thrown me a bit, anyone got any ideas what the 2nd deep well is called on the Akkaduk structure?

"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."

Just for clarity:-

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

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

Jup4it, I know 2012 .... only joking

Tell us what its like, have CASP made it to 10p yet ....... just under a 1000 years to wait ... sounds about right

AWAX, it is an interesting point, if the sale falls through for whatever reason (Kaz EM etc) what income will CASP get out of the failed deal, I suspect it may do quite well, all the assets returned and a few £million in the bank?

JSP, I would sincerely hope so, however at this point in time ALBA have zero tangible assets and zero income (Maybe the odd Gold token) the share price is what it is because, hope and conjecture doesn't add to the bottom line. GF has some questions to answer like, What happened to the last bulk sample sent for refining, also "If" and its a bit IF, the grades at the waste tip are sooooo good why isnt that being processed, its dug out and ready to be monetised, I do know that some on here think there is 8g per tonne at the waste tip, however the last sampling where 31 tonnes were dug out and 30g of Gold recovered doesnt add up to 8g per tonne, also while we are on the subject of the waste tip, who owns it?

I would reason that you can't "Spend the dosh until the gear is handed over", ........ but rather, with a tad more formality than that, so yes it is ring fenced, have CASP said so in an RNS? No, however common sense must prevail.

Carvers next RNS:-Well P3 is due to be side tracked after we have put in production, at the equivalent of 860 bopd on a choke with some millimetres in it…….. for a few hours, we are then going to put it on test and re-cement it when a rig becomes available following the acid wash, P3 will have a TD of 1500m we are hoping to target the Triassic shale at 3000m all this will be done in the next few weeks, we will then apply for a production licence before we apply for the exploration licence

Ahhhh Bully, you havnt got the latest "Carver Speak" dictionary, Ill look it up for you ................. here we go

"Few weeks" usually 2-51 weeks

3AB, bogged down in the quagmire of Kaz bureaucracy ................. 3A Best:- 1347 sq Km contract area under the Total E+P owned Dunga field (15,000 BOPDS) Dunga is 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 valuation of some $13.5 million.

I take it from your comments over the past few months, you will be selling when we open?

Well it looks like we will have more cash in the bank than the entire company is valued at presently, this would put all the other assets at nil value, so yes a sharp rise is coming our way, Grister, how do you come up with your £23m valuation