Member Info for Ibyb

KK, I think Clive may be attempting to prime the market. Dangle the carrot approach. Regain interest.

The next RNS is either going to blow the roof off or really supress the SP. I'm hoping it's the former.

That’s confirmation that A8 has hit TD and flowing?

Deep Structures

Deep Well A8
The Board of Caspian Sunrise is pleased to report initial production from Deep Well A8 on the Airshagyl structure at the Group's flagship BNG Contract Area.

Production from the first of three intervals planned for testing has been at the rate of approximately 120 bopd for several days. Work continues to establish the full potential of this well.

Production levels
Aggregate production for the year ended 31 December 2021 was 533,857 barrels at the average rate of 1,462 bopd (2020: 545,667 barrels at the rate of 1,495 bopd).

Production for sale in January 2022 is expected to be approximately 65,000 barrels.

Comment:
Clive Carver, Chairman said "The early results from Deep Well A8 are encouraging. With international oil prices in excess of $85 per barrel the Company is set for a good year."

@hornygoatweed (bizzare name I must admit but each to their own).

I'm not exclusively talking about GBP, i'm referring to investing as a whole. We all have the same objective, distribute our hard earned cash into pots with the ambition it grows. I am reminding all that this is not always the case.

It's a fact, money brings intrinsic and extrinsic satisfaction, diminishing wealth causes people to grieve. It's a fact of life. Over exerting myself put me into a very vulnerable position which I wouldn't wish on my worst enemy.

The markets are unpredictable right now and anything can happen with sentiment. MM's could rug pull, SP's could bottom out, cause spikes etc. I won't ever over extend myself again.

We have massive potential on many many fronts and I have confidence that we will see positive results from the PEL 39 & 56 which will cement GBP's future but anything can happen. I've been in CASP 6 years and they're still trying to unclog a deep well they spudded in 2014.

Hi all, this may come across as a de-ramp. It is not intended to.

It's just a reminder. ADV has taken a colossal hit, i've watched it fall over the past few days on the back of some disappointing results (don't know too much about it).

I must sympathise with every investor in there because it's devastating watching hard earned money vanish before your eyes. It happened to me on AFPO and 88e not so long ago.

Bottom line, do not over extend yourself, if you feel as though that you would miss the money invested, take it off the table until you are comfortable with "potentially" losing the amount remaining.

I almost never physically recovered from my losses, fortunately I was younger, had a good support network around me and still had ambition to prove to myself.

7 years on and I'm still trying to break even.

As long as they're not diluting, it makes very little change to the company.
It's confirmed that Saudi Wealth Fund is expected to splash out $10bn in 2022, it could be a part of that scheme.

I am being cynical here but I cannot make sense as to why Kairat would sell his fortune here and note retain a single share...

I thought Kairat was family to Oraizman, he was CFO during the ROXI days, why sell now?
That's 221,625,001 shares which is almost £9m. The SP is a couple pennies off being the lowest it has been in 14 years?
We're on the cusp on flowing deeps, shallows have never been in a better position, he could quite easily sell in 2-3 months with double or perhaps quadruple to where the SP is now.

Kairat has offloaded his 10.5% and transferred it to UAE

Still not as many as what CC's holding.

UAE investing

Subscribe to impact oil and gas news reports or namcor updates they’ll be first to announce the results on Total energies discovery when it’s time

There’s nothing wrong with taking profits. Your money, your strategy. It’s not a profit unless you sell and it’s not a loss unless you sell.

People fail to realise that AIM is not a guaranteed revenue stream, I’ve lost far more than I have gained on here over the last 10 years.

We’re on the cusp of something really special here.
We’re in a very news rich period and I wasn’t even considering the IT permit. I’ve loaded up as much disposable income in GBP as I’d like to risk based on the published information last week.

Feeling quite optimistic about this one. time will tell. IA

#RemainRealists.

What a fantastic RNS.

Of course it matters, the number of shares in issues play a massive role in the market cap / PPS

in lemans terms If there is 1bn shares in issue and each person buys 1 share, it will require 1bn people to buy 1 share until all shares are capitalised creating a shortage on supply forcing the price to move higher.

If there is only 13m shares in issue, the same logic, it only requires 13m people to buy 1 share each before creating a shortage in supply forcing the price to move higher.

Ergo, it's an unfair comparison and the number of shares is relevant to how sharp the price moves amongst other factors.

Not exactly a fair comparison, they have 13m shares in issue.

https://neweralive.na/posts/shell-hits-oil-in-orange-basin

Namcor have made an official statement saying that they cannot comment on the speculative comments made and will know by the end of the month whether it has or has not hit black gold... https://www.namibiansun.com/news/namcor-awaiting-shell-drilling-results2022-01-13/

I saw the price suddenly drop to .56 the back up to .62 and it reminded me that often investors like to protect their investment by setting a stop loss especially when they're in the black.

MM's have visibility of stop losses and often exploit it when they're short on shares.

They will suddenly drop the price to trigger the stop loss and then almost instantly raise the bid back to the original ask if not higher. It happened to me on AFPO many years ago and it would have cost me £1k more to buy the original QTY of shares back.

Moral of the story, don't set a stop loss.

Out of curiosity does anyone currently have a stop loss set?

https://www.upstreamonline.com/exclusive/updated-shell-hits-oil-in-closely-watched-namibian-wildcat-market-sources/2-1-1142213

Shell have supposedly struck oil on their Graff-1 wildcat

@Earl good observation, however the article on Upstream says “Updated”. I’ll take it that they have revisited an existing page and refreshed it with new content opposed to launching a new page.

Not a member so cannot say for certain. I believe there are ways of viewing page history using time stamps but will do it later in AM.

The world is watching for this result. What a discovery