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Yes the RNS implied that the whole 70 meters was perforated, which contrasts with the flaring permit which mentions a 7M interval. Unless they are putting a sleeve with a 7M open section down there, which might get stuck, I am not sure that you can reduce the perforated interval. Normally the method is to run a wire-line log to show what the properties of the intervals are exactly and then perforate one section and see what happens, then another one and so on and blank off any which are not interesting. As usual the RNS gives hints but no clarity. I would say the e-license seems to indicate the normal procedure is being followed and the RNS seem to be chinese whispers.
Break out is likely now that Baker Hughs have sorted out a way to connect the reservoir to the well in A5. so I was considering skimming at 14p however now I think we will trend higher as a5 is proven an d the remaining deep Wells are sorted.
I replied with 3 q's
1. Why does language used in rns not use industry standard terms
2. Why do the published diagrams of the field not have distance scales so we can look at the size of the prospect
3. what Plans do Caspian have to transport and sell any increased flow from the deep wells
.
Excellent news if a massive Wealth mgt company buys 13% they must see quite a bit of value in p2p.
https://www.bbc.co.uk/news/world-asia-47628854
Mr Nazarbayev said the speaker of the upper house of parliament, Kassym-Jomart Tokayev, would take over as acting president for the remainder of his term.
The announcement comes just weeks after the leader sacked the country's government, citing failures to improve the economy.
"In many areas of the economy, despite the adoption of many laws and government decisions, positive changes have not been achieved," he said in a statement at the time.
I am presuming the 20 meter interval depths here are wrong as what is stated here is an interval of 140M and overlaps with the interval of 59 metres. Should it be 4554 - 4574? "The first of 6 meters between 4,535 and 4,541 meters; the second is of 20 meters between 4,554 and 4,694 meters; the third is of 59 meters meters between 4,635 and 4,694 and the fourth is of 36 meters between 4,812 and 4,848 meters."
Bit more optimistic WHI Corporate Note - Caspian Sunrise 19/03/18 Market Cap �225m Price 13.5p Caspian announced that normal operations have resumed following a previously announced period of exceptionally cold weather. The company announced that production testing of Deep Well A5 at the Airshagyl field was suspended to treat a partial blockage of the well in order to allow for the full scale of the resource to be assessed. The blockage is thought to be from carbonate rock fragments that were transported into the slots of the production tubing, which has been set in an open hole. Specialised coil tubing equipment is expected to be mobilised to remediate the clogging for which the requisite regulatory approvals are anticipated to be received in March. Subject to clearing the obstruction the company would then resume the flow test. The company also announced that the side-track at Deep Well 801 at the Deep Yelemes field is underway. The side-track is planned to have a length of 445m. After drilling, the well is planned to be production tested for 90 days. Given the adverse weather for much of Q1 the spudding of new Deep Well A8 at the Airshagyl field has been rescheduled for Q2 2018. Top hole preparations are ongoing and the well has been sited 750 meters away from Deep Well A5. The sixth well drilled into the shallow MJF structure appears to have been affected by a nearby bounding fault and the company anticipated that productivity from this well will be lower and require more robust lifting/pumping equipment. In our opinion, the previously announced flow rate of 3,800 b/d for a 15 day period from the recently drilled sidetrack at the Deep A5 well is the best production rate achieved by the company to date. Sustained production for such an extended period is, in our opinion, representative of a major step forward for the Airshagyl field indicating the reservoir can flow at a higher rate than anticipated on a sustained basis if productive down hole conditions can be maintained. Caspian�s forthcoming wells will allow the company to adapt its well design and production strategy to favour a successful outcome. On balance, despite the weather related delay, we are encouraged by the operational pace being set by Caspian whilst we also recognise that an extended production test in respect of the company�s deep fields remains elusive for the time being. Our fair value estimate remains under review pending definitive results from the company�s deep fields (Airshagyl and Deep Yelemes). We estimate that the fair value of the company�s shallow assets is 8.4 p/sh (unchanged), which is based almost entirely on the MJF structure. 0
Awesome picture for boom. https://www.instagram.com/p/-GnqZNs4xB/
The agm was last Friday!
I read it wrong it is 40 billion, so 1:10 dilution "Based on the authorization, the number of shares which could be issued through one or several share issues shall not exceed 40,000,000,000 shares in aggregate." http://www.talvivaara.com/media-en/Talvivaara_announcements/stock_exchange_releases/stock_exchange_release/t=talvivaara-mining-company-plc/id=228424614