Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's only 5% currently, I expect they will up it a bit next quarter
12.09 * 4 /970 * 100
The Explorer drill ship is a risk, however i think the reward/risk ratio is very good, as it could easily be a real money spinner. If each year it can generate $30M diversified income compared to oil production. The Oil majors especially BP are not investing in big-ticket exploration at the moment, and they still need to book renewing their reserves, even if the rate is lower than in previous years. That favours smaller less capital intensive projects like the kind that could be done with the Explorer, and there are a a few companies that might take the opportunity.
There's a lot to digest in that report, on balance it is positive, Especially when compared withE&P companies with debt. The uncertainty is a bit more pronounced in this report, which I think is overdone, given a POO of $40 now when Caspian is Profitable at $30. Come autumn the Uncertainty will be largely gone.
when is the dividend dues date is that today ?
Yes it seems pretty poor behaviour. Is the issue that PSC don't want the deal to go ahead as they will lose the Management role?
Let's hope so, we have until 24th march to find out
at 8% premium, RNS doesn't appear here yet, Waterfall Asset Mgt
Odd that I bought some of these as dividend income and yet, here they are with some capital gains as well ...
I agree you have to have a longer time frame in mind here, KO is building a large company with multiple branches which is a good strategy so you can weather the cycles in the oil and gas industry better. Technically the deeps are challenging even for a super-major - look how long it took to get Tengiz in production so patience will be rewarded in my opinion.
So i expect an RNS before the meeting, as otherwise sensitive information could not be announced, and also it seems a good strategy to give the attendees something to think about just before the meeting to deflect any potential tension. So I expect good news, however I have the gnawing feeling that Caspian has always before failed to excel, surely this time a deep with significant flow and no mysterious metal objects ("shopping Trolleys? or parts of drill string?") will have found their way down the well to the surprise of the drilling contractors.
ENI + KMG would be my guess - the Abay block which is shallow water
https://www.oedigital.com/news/468088-eni-kmg-partner-in-caspian-project
So it seems that 2019 was a year of negotiation not drilling there are a couple of JV's looking at the Caspian shallows including this with ENI (links below) which was too late for the 2019 season but might be good for 2020. The water depth fits the Caspian Explorer specifications so it shows that there is more than just a hope of work.There are also a couple of deep water wells from BP and Lukoil so all in all quite a bit of activity.https://www.offshoreenergytoday.com/eni-enters-caspian-sea-project-with-kazmunaygas/https://www.offshoreenergytoday.com/eni-and-kazmunaygas-seal-the-deal-for-caspian-sea-field/
The 3AB and now Caspian Explorer are both long term investments, although the Explorer could be cash neutral or even positive quite quickly. The exploration sector is recovering from about 6 years of little investment so now is a good time to invest if you feel that Oil and Gas are not going away as quickly as some of the environmentalists may desire, the pressure to replace reserves will grow and Kazhakstan wants to be part of that.
Regarding the Explorer, it is almost as though with the change of name from Roxi to Caspian they had this kind of venture of mind, and being mostly Kazhak owned they are well positioned to gain from joint ventures. So I would say if you have an investment Horizon of 5-10 years then just hold on to your hats, it's certainly not just "boring" around here.