Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Ah Joe, yes the "Red busses" I have always thought the idea of a load of Red busses turning up at once, is the epitome of poor management, planning and execution, and for CASP to use this as some kind example to work towards .... well I think we can all make up our own minds on that one.
Good afternoon George, I hope you are keeping well, I've not heard much from you recently, as we well know Caspians "Wish" list, very rarely materialises into real life, with so many opportunities that have presented themselves CASP, maximising oil flow at the present time is taking a back seat, I can't answer why, only the BOD know that.
And the outlook:- Outlook
Despite the impact of sanctions, the Group continues to prosper. Our focus remains maximising short-term
production and getting as many of the BNG deep wells drilled to date into commercial production.
And BNG:- BNG
Our approach to BNG
At BNG we have two proven and commercially viable shallow structures, MJF and South Yelemes, and two deep
structures, Airshagyl and Yelemes Deep, with huge potential but to date with no production.
We continue to believe that the geological conditions at the super giant fields of Kashagan and Tengiz extend to the
BNG Contract Area and then through to Block 8.
If this is the case the potential volume of oil in these deep structures could be vast and the implications on the
Company’s fortunes of one or more commercially successful deep wells could be transformational.
Indeed we have the potential to be huge, just look at the report for 802 just how big is the oil column ....Deep Well 802
In June 2022 we spudded Deep Well 802 on the Yelemes Deep structure. This was the sixth and final deep well
required under the original BNG work programme.
The well had a planned Total Depth of 5,200 meters targeting oil in the easier to drill Sandstone rather than
Carboniferous rock, with an initial target at 4,300 meters. The well was drilled close to the site of a Soviet era blowout
and our advisers provided us with the highest estimate of success for any of our BNG deep wells drilled to date.
Oil was encountered sooner than expected at a depth of approximately 3,900 meters and before the well had been
completed, leading to a decision to drill a new side-track from a depth of 2,416 meters to approximately 4,100 meters,
targeting the oil at the higher level previously encountered.
With approximately 100 meters still to be drilled the well flowed over a period of 3 days at rates fluctuating between
700 and 900 bopd.
Work at Deep Well 802 was suspended waiting on additional equipment. Accordingly, the crew at Deep Well 802
was moved to work on Shallow Well 142. The crew has now returned to Deep Well 802 and we expect to complete
our work at Deep Well 802 in Q3 2023.
Now ALBA is well screwed up, the history of pollution from Gold mines on the Mawddach is legendry , the NRW are well aware of the consequences of dewatering the current mine ALBA have started exploratory work in, if they cant keep up in July and August with their allowed discharge, what chance have they got Nov-Mar, the emergency discharge they are flowing at the moment to protect the underground garden shed wont be allowed to continue for ever
Mannnnan, with that amount of gold and silver, which equates to £1.6m-£4.8m and £6.5m respectively, per annum, they are going to have to change the name of the place down on the Quayside .............. Amlwch ..... Gold and Silver Kingdom 8-))
Unc, its all going on at CASP lets just remind ourselves of what we are waiting for.......... hardly a 1 trick pony ....... maybe tooooooo much going on
MJF:- Shallows
141:- Spud 2015 depth 2500m Sidetrack as per 142
142:- Spud 2015 depth 2500m Nearly completed sidetrack
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 New sidetrack required
146:- Spud 2017 depth 2750m
150:- Spud 2019, 1st infill well, up to 500 BOPDs
151:- Spud 2020, 3rd infill well
152:- New well planned as a horizontal drill
153:- Spud 2020 depth 2503m Workover in prog 830 BOPDs 8.5mm choke
154:- Spud 2021 depth 2548m, up to 645 BOPDs
155:- Spud expected Q4 2023
South Yelemes:- Shallows
54:- Soviet sub economic 30BOPD
805:- 150 BOPD in aggregate with 806 and 807
806:- See 805
807:- See 805
808:- Spud 2017 3200m 6 intervals potential new structure
Yelemes Deeps:-
801:- Sinopec drill, Drilled to 5050m waiting for rig
802:- Stuck pipe
803:- Spud expected Q4 2023 target depth 4350m
804:- New well planned
Airshagyl deeps:-
A1:- Maps only
A2:- No mention on any maps
A3:- Maps only
A4:- Maps only
A5 – New sidetrack Q4 2023
A6- Repair required Q4 2023
A7- At 2000m to be continued to 5300m Q1 2024
A8- Abandoned
A9 New well planned
A10 New well planned
Block 8 Deeps:-
Well A:- A+B Combined 110 BOPDs up to 800 BOPDs
Well B:-
AKD-4:- Reached target depth 3922m
T-2D:- Reached 3408m target 3500m
Additional fields
Nsanovskoye Field:-
Tolkyn Field:-
Saztobe Field:-
Tasym and Bekbolat Field:-
This is the only thing I can find on GZUs ...GZU is designed for measuring of the mass-flow rate and crude oil mass, volume flow rate and volume of the oil non-associated gas, corrected to standard conditions, mass-flow rate and mass of the separated oil without water, and also for indication, backup and transfer of results and emergency signals to the central control station of the oilfield.