Member Info for Kheldar

I think they’ll announce the opening of the pipeline - the grunts have done the work in the background and now the leaders can take the applause.

The leaders will look inept if they don’t announce the opening as they have been blaming each other for the delay. The only save facing for all of them is to announce the opening.

Good luck to all holders - not long to go

I think someone has lost out big time today lol. Letting the tickets go for under 3.7p smh. Not going to get them back anytime soon

That’s unfair Belles. Rocketeer did call it right on 802 whether by luck or via his contact.

The company secretary sits in on board meetings and advises the directors. We should be getting this information in an RNS not Clive responding to emails.

As a minimum we should get an rns by tomorrow morning and who knows it might have other information we are waiting for.

ATB and DYOR

If it's this chap https://www.linkedin.com/in/erwin-blik-93974282/ then he appears to have the right experience - mergers and acquisitions , restructuring and international tax.

ATB and DYOR

Sorry I’m behind here how have minerals come into play for Casp? We don’t know much about this miedel company as there doesnt seem to be much on internet.

Grasshoppers....

The main men are taking just a matter of time..

https://twitter.com/RudawEnglish/status/1679842294327922689

Have a nice weekend you all

MrC - Example of shares bought by UBS and boo while RevB is suspended.

https://www.asktraders.com/analysis/ubs-backs-boohoo-at-revolution-beauty-what-next/

Exactly those who didn’t buy when it was below 3p will ideally like to get to those levels again. Problem is now everyone will want to buy at those levels lol that there won’t be many shares on offer and then there will be a mad scramble to buy in again and the only winners will be the MMs. Best to hold and wait for news but as usual each to their own. We don’t have many shareholders to start with so will hate to lose more.

We are going to see weakness until the CE rns lands or news on 802/141/142.

As usual dyor

It’s promising that the Turks and Iraqis are still talking. Personally I have no doubt that a resolution will be found we just need to be patient.

Hopefully a positive reaction from the market on Erdogan words. I very much doubt he was telling the truth but it shows even the Turks need the pipeline opening.

ATB and DYOR

https://shafaq.com/amp/en/Economy/Turkish-Delegation-to-Visit-Iraq-for-Talks-on-Resuming-Kurdistan-s-Oil-Export

Sorry to disappoint you all but no rules have been broken as regards the shareholding rns.

The shareholder must notify the company (and the FCA) within two trading days of the interest first arising or of any subsequent change. The company must notify the market by the end of the next following trading day.

The shares were suspended (aka non trading) until the 7th so they had until Tuesday the 11th to report it.

What has not been done by the book is that there should have been an RNS for each al marri whose holding fell below 3% or exceeded 4%.

It looks like someone was feeling lucky and dropped 375k shares at the end but didn't seem to impact the bid. Looks like 'lucky' will need to drop a few more shares tomorrow lol.

ATB and DYOR

@smartyp1 - this share transaction was done between two private parties and not really an issue. I think people are making too much of it.

The Al marri couldn’t sell that amount of shares in the open market and likewise if Benny had tried to buy that many shares on the open market he would have ended up having to play double digits.

We will never know how much he paid but I’m guessing it would have been upward of 4p. Also don’t forget the Al Marris got 4 dividend payments as well.

People have their reasons for selling and yes even rich people sometimes need to liquidate to cover costs.

If Benny is happy with how many shares he’s got then normal service will resume here with PIs dictating the price. If he wants more then we might see some buying action.

Atb dyor

@Somm - someone has to sell to get the ball rolling, everyone seems to be holding on at the moment lol.

I was hoping someone would take up the challenge but no takers at the moment but the day is still young....

Of course there is worry, we are now in uncharted waters.

As Somm said until we get confirmation of the 50% sale of CE there was chance of picking up low hanging fruit at low 3p. The RNS has now added a new dynamic. Is Benny happy with the 102m he has bought or will he be dipping into the market to buy more? Hence why imo there is limited action this morning.

“But being as this is a 3.9p Caspian Sunrise, the most unpredictable oil company in the world, and could completely wipe you out as make you rich, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?”

The investor presentation states:

Produced 298,060 barrels to 31May2023

Current production approximately 2,000bopd

Unless my math is atrocious these numbers don't add up. We had an RNS in January that said well 802 flowing at 700-900 bopd and that current production in excess of 3K bopd.

Divide 298060 by 5 months gives average of 59,612 bopd.

At 2k bopd multiply by 30 days to get monthly average gives 60,000 bopd.

Doesn't this mean we have been producing at 2K bopd since the start of the year?

My calculations assume production is 24 x7. If it isn't then that will explain it.

The dispersant and emulsifier in Casps case imo are drilling fluids. See schlumberger energy glossary link below.

The tender cost for ‘north west’ yelemes is about 5 times the cost for ‘south yelemes’ as the drilling depth on deep wells is more.

Now what would be clever is if any ‘oiler’ experts us can work out roughly what depth they can cover with the amount they have bought.

I’m predicting no movement in price today and tomorrow. Then on Wednesday I will be publishing a ‘I told you’ message.

https://glossary.slb.com/en/terms/d/dispersant

Thanks Bluemango for the feedback.

Did Carver say why they are drilling well 803 as it was not originally planned? If it is a replacement to A7 then I can already hear Somm say I told you so :-)

@smartyp1 - never say never lol - never thought I would be able to buy sub 3p. Obviously a buy for me as the dividend at this price makes it worthwhile the risk. Ideally we could do with finding out from the AGM how far they are with 142. The only unknown for me is how long will it take them to sort out the 50% sale of CE as that will determine how long it will take to get 802 flowing again.

ATB and DYOR

Well that was bloody marvelous.

Decision to be made. Once the CE contract is signed they will be paying a dividend to appease the restless shareholders. If they pay $3m as I suspect at a price of 2.7p that is over 20% return per annum or 5% in next couple of months.

This is a strong buy for me and it's a case of wait the next 2-3 months for 142 or 802 to come online.

ATB and DYOR. and yes, I've topped top quite handsomely - thank you, :-)

Hi TT,

You are correct if the accounts are not published tomorrow then trading would be suspended. However, I don't think Caspian have ever been late. If you look at the RNS tab you will see the FY accounts have been made available before end of June for every year as far back as 2017. I wouldn't go off the date on companies house as that is the date they were published but it may not be the date they were submitted.

The Board has responsibility to let the market know as soon as they know that accounts will not be ready and not wait until the last day. Also if there were issues they would have rearranged the AGM as they will know there will be investors travelling to the meeting and may have booked overnight accommodation.

The auditors would have made the board announce to the market by now if the FY accounts were delayed.

As I said before I think they know they will get grief for the carp they have served up for the last 6 months and are hoping to provide some positive news. Imo I think that must be a special dividend from sale of CE but who knows they may surprise us with an rns saying 142 is in production as the previous rns did say they were working on the 142 sidetrack after pausing work on 802.

ATB and DYOR