Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Reuters are reporting that Kazakh exports of oil will from Monday be labelled separately from Russian oil even if it transits Russian sea ports, as KEBCO. This should narrow the price gap from Other international oil.https://www.reuters.com/business/energy/exclusive-kazakhstan-renames-its-export-oil-avoid-russia-sanctions-risk-2022-06-03/
This article talks about how the Kazakh oligarchs will be made to pay their way. Probably mostly crowd pleasing politics however there have been a few changes. I just hope that Caspian owners don't fall foul of the changes. Being Aim listed with some oversight should help with that. https://thediplomat.com/2022/01/kazakh-president-takes-aim-at-wealthy-elite/
I was wondering what peoples thought were on timing of this transfer. Presumably it has been in the works for some time and perhaps was accelerated in light of the uprising? I mean you don't sell several million dollars of a company to a politically connected family without quite a lot of due diligence.
I must say it was a weekend where I wondered if I was a bit hasty adding more, however I had the feeling this terrible chaos would be short lived and potentially could improve the business environment for Caspian. I am feeling more hopeful than for quite a while.
6 month state price control
Doesn't seem much different from the previous regime.
https://vestnikkavkaza.net/news/Kazakhstan-imposes-180-day-state-regulation-on-fuel-food-prices.html
I must say I had discounted the 300 bopd from SY , however with horizontal drilling that could easily be much higher and then there are quite a few more that could be reopened. Does someone have an idea how many more SY could be reopened?
In soft the RNS said :Deep Well A8
As previously announced drilling at deep well A8 resumed from the previous depth of approximately 4,500 meters and has now reached a depth of 5,046 meters.
Four new oil bearing intervals, which in aggregate extend over 90 meters, have been identified.
Drilling will continue for the time being towards the original total depth of 5,300 meters. Once the drilling has stopped we will look to test each of the new intervals detected.
So now we have 140M of oil interval f add o that's 50M in the Devonian? Will be interesting to see the oil properties and of course any info on commercials.
Interesting times.
It's an interesting point, it seems to me that the recent success has been on the back of the audiobook content creation. A small company like audioboom can expand and reach a large number of customers in a way that old tech could never do, so in effect a minnow can compete with the giants , so I am in favour of organic growth with self created content, grab the tiger by the tail and hang on for the boom!