Member Info for Jacksdad

LTH sitting tight and waiting for the traders who have seen a nice rise to leave the scene. The 72% won't be reducing any of their holdings as this will soon be racing past the £1 mark and then who knows. Happy sat here siting for the news to hit.

RNS are expensive to issue. If they have no news then updating us on no news is just a waste of our money. Looking forward to the news as and when it arrives.

They have permission to buy back 10% of the stock at at any time. They will generate free cash flow on the MJF licence being granted and that would signal the point where it becomes possible. Those holding would see a further increase in value. I can see that the infrastructure needed will be funded by debt through the services business leaving CASP free to generate profits to further their expansion with any balance available for dividends.

So many impatient here. Brockham has a full production licence and will be generating cash in the very near future. Institutional investors were happy to support a SP of 4.25p which to them was de-risked and guaranteed to give a return. Today's SP will be history on news of testing. In the meantime I am going to add a few more.

Looks like there is already a column 51m deep at A8...

Gewillia that's the point here. They are producing oil, they have the second biggest oilfield in the world 25km away. They are onshaw..they have access to infrastructure. They have no debt, are well funded and revenue will treble overnight based on the MJF licence being granted. I understand that there is an element of risk...but so does getting up in the morning...GLA

I am not skilled enough to trade this share, however over the last 5 years I've bought from 2.9p all the way up to 19p when the 105m of oil at A5 was announced. I have some in an ISA, some in my pension and a few more in my trading account. I average 6.4p and I believe that the MJF licence is going to give me a 10 fold increase in value. The numbers for the deeps are too big for me to get my head around, however I expect A8 to change the value here altogether. £2.00- £3.50 -4 ?23) achievable IMO.

Gaspunter...and the point of that post was?

Yes CC all the info seems to be there now. The last RNS was thorough and it read as though things were now going to move quite quickly from now on.

Tight spread and buying pressure building

Could see the rate start today.

I think investors are waking up to the opportunity here.

The Chinese were slow to come up with the money and also wanted a guaranteed place on the BOD. The deal collapsed on that basis.

Adrianz you've been a bit conservative on the recovery numbers from the deeps IMO.

I thought Clive's RNS on Friday was a watershed moment for CASP. It had everything I have been asking for in terms of detail. It was a very honest appraisal of the current situation, highlighted past mistakes and the the learning gained from them. It provided context as to the area they are working in and removed some of the myths around ownership and the future structure of the business. Dividend payments and entrance to the AIM50 I see in 2020 and a full listing shortly after. Based on MJF production alone and the profits generated from 4000bpd a SP of 60p this year and dividends equating to 5% in 2020. This is an established field with very few technical issues. The deep wells are worth upwards of £1.50 per share based on 10000 bopd. A share price of over £2 is more than possible in the medium term. MJF licence will be granted shortly and that will overnight more than double the income. Self funded and ready to pop! GLA

Belles apologies

Might just see this close over 10p.

In the absence of hard news it is probably inevitable that rumours start and spread and in that climate individuals with their own agendas seek to exploit the situation at the expense of the Company and individual shareholders. In particular we are aware of a number of reports circulating which are either entirely false or based on partial information presented in a way to serve the individuals with their own agendas. Despite unfounded rumours to the contrary we have no intention in taking the Company private. The London listing for our shares is a valuable asset and one we intend to make more of as we grow

Belies read the RNS for God's sake

There is a 105m oil column at A5. The drill there was stopped for safety reasons. 200m at A8 and we are talking Tengiz size. Can't help feel that the MJF licence is going to trigger a huge relate here.