The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
First day of retirement today and a very weird feeling. Not had time to celebrate yet as in the Hospital starting the journey to get my knees sorted and back on the golf course off 24 handicap ;)
Also the end of my KK username as it’s linked to my business account and I’m excommunicado as of tomorrow. Will be reverting back to SmartyP which is linked to my personal account as I can’t be asked to set up another personal mail account.
Back to Casper. Where’s the Divi declaration ? Running it close to the wire but I still suspect we get an update shortly, not to do so would be madness.
CC, lost me there. If they do slip up on Divis, i will be buying some providing the reason for non payment is credible. They're buying a rig which was great to here, their cracking on with operations so hopefully no divi wobbles.
https://www.whychristmas.com/cultures/kazakhstan
Kaz holiday today so let’s hope that Investeg is right and Kaz HQ need to authorise the release of any RNS publication although I don’t understand why it wasn’t done last week.
CC,
If they do score an own goal, the sp retraces and you’ll get your trading opp . Me personally, I’ll be really p*ssed off as it would be another c*ck up and will damage credibility, I’m sure most investors would be on the same page.
Jan Divi declaration tomorrow please Clive, followed by loads of positive operational news this quarter. Even throw in the great barge news to really spice things up.
I’m now including Casper with my regular divi payers, so no turning back please.
Tick, tock.
HMHG,
That did make me chuckle. CC, our resident No1 trader, fondly known as Fickle F*cker.
Back to Divis. Investeg, I. Hope you’re right and regardless of Kaz holidays, the UK I are responsible for RNSs and this should have been a simple press of the button.
Loads planned so hopefully no own goals. I’ve added a few this week so obviously I don’t believe they would clock up but hey, this is Casper !!
Not a downer Mike but I’ll be really hacked off if they stall the Divi process. I’ve added a few this week so I obviously believe that Q1 is going to be positive but I’m now wanting to see any more false dawns. I’m not saying they’re going to delay divi as i don’t know but that would be an own goal when they could’ve waited another 6 months to build the cash and no going back.
I now want to see a real return on my investment and that’s not divi cash, I want considerable sp appreciation which I’ve been waiting forever for, as have many others. I can hype it up BUT that’s all it is until they start delivering operationally. Deliver that success and then pay the Divis but anyone saying that a Divi stall is good news is trading the arze out of it.
Operational success delivering sp appreciation is the cake I’ve been waiting to eat forever , with loads of icing and the Divis are the cherry on top. Bake me the cake and I’ll be far happier :).
CC,
If they missed the Divi, that would be bad news and yep the sp would tank as they’d lose credibility again. They embarked on the journey and before doing so, they had to be sure they could maintain them otherwise they should’ve waited. For me that would be another f*** up and yep you’re right, you’d get your buying opp as it’ll be back to 3p ! There’s no excuse for dropping a month especially as they’re looking to attract new investors so hopefully we see an update tomorrow.
That was a good deal Rhertig and can't get that today with spread @ 4.03-4.22p. I took 150 earlier this week and another 150 today, not published yet.
Re selling, much that Q1 is possibly going to deliver 6 well results but there are the risks and the first one is continuing Divi payments and we should have had a declaration this month so hopefully no wobbles on that front. As always, depends on your appetite for risk. I will continue with a fair dose of cynicism until i see the operational success and we'll know a lot more by the end of Q1. They're in the best financial position since incorporation and hopefully they will build on that this quarter.
Mike,
I have a enough to sink a ship, eveny a rusty old one ;) Somebody is offloading though, 2m over the last couple of days and you can look elsewhere for that culprit.
CC,
Short of funds ? not when i last looked :) but thanks for your concern as always.
Divi No 3 please and some positive news on 802 which will properly kick things off.
Yep. Having control of the trading and will be really material if the Kaz oil discounts are removed. Just need to up the production and get lucky on 802. Feb onwards is going to be a busy time for news flow, hopefully the positive kind.
Evening Mike,
Yep, it’s very relevant to domestic prices but not sure if it affects the prices from MRs. Won’t help international prices yet as discounts still in play but if the war comes to an end and KEBCO prices achieved, then we’ll be exporting at great prices and profitability through the roof.
McQ,
As you know, you have the pumper dumpers and the pumping allows Mr/s 250k to keep on flogging. The trading/investing volume is low as there aren't enough players in the game so new blood needed to keep the momentum going. Hopefully there'll be no need to ramp as the company results will do all the talking for us and the rest will be history. We're not at that stage yet and 802 is an important result to propel this north or a failure and we're back in the 3ps again waiting for the shallows and other results. Loads of activity EXPECTED (to use a Carverism) in Q1 and the upside potential is huge but we need to shake that monkey off, 802 would be a good way to start the year .
HNY CC :)
HNY McQ.
3% certainly isn't tight and great margin for the MMs but yep, spreads are often larger and lucrative for the broker ! Volumes, 600k buy, 300k sell and we still have Mr(s) 250k in play. Probably not allowed to say Mr&Mrs anymore but hey that's another debate.
It's been good to see a few newbies enter the game, some attracted by the Divis but hopefully. the real wealth will come from SP appreciation this year and the Divis as the cherry on top. Not a slam dunk by any stretch but we have several assets to exploit in a short time frame with more to come with Block 8 in the pipeline. I expect we'll see more buying as we approach month end and 802 news Or we may see the opposite if the sp appreciates and we'll see people selling pre news. N Yelemes deeps are not the jewels in the crown and attract far less value than Airshagyl deeps but that can't be proven until they get success and appraise the finds.
Loads of upside with minimal downside but still risk, especially with the geopolitics. Let's hope we see success operationally and geopolitically, that would really send the sp flying.
Lots of activity planned for Q1 but my feet are firmly planted and won't be counting chickens until real progress is made. Hopefully we see another Divi announcement this week confirming 3rd payment and nice to see regular income landing in the ISA accounts. What's next ? Probably got to wait til month end for 802 news, maybe early Feb. Good news and sp moves forward and hopefully back to double figures as the hype increases. Bad news and the sp retraces on the realisation of another deep failure. Personally i believe we get lucky but not the 1000s of barrels that were initially expected. The reserves are key and if 801 is successful, they'll probably revisit 801 but the oil intervals were at different depths so i suspect they're different structures.
Whilst we wait for 802, we have a dead period as i'm not expecting news on shallows until Feb earliest and maybe we get a surprise with Boaty. This will be followed by A7 conclusion, maybe we get continuation of work this month and hopefully 802 rig can move over to A5 for the side-track, hopefully the last one and it finally delivers. If A5 and A7 were commercial then the sp will fly and we'll probably become an M&A target this year.
Also improvement in Crude pricing is encouraging but not sure how that affects the domestic/MR market but as per last RNS, they're achieving the same prices that have been communicated and that means that we're more profitable than exporting. Hopefully Ukraine war ceases this year and there's more likelihood of that if they are running out of weaponry as a result of the supply chain destruction and not having the necessary tech to re-equip.
Casper is a great play with multi-bagging upside and limited downside but still with considerable risk. We have pumpers and sellers and that's evidenced as of now where the ask is far stronger than the bid. Feet firmly planted and looking forward to next Divi and a positive 802 result, that should change the game and justify the pumping as the hype and hot money will arrive with so much more planned for 23.
Let's hope that this is really going to be the year of the Sunrise after sooooo many false dawns.
I believe we all agree that H1 will be a busy period operationally for Casper. I don’t see much happening til end of Jan early Feb, probably 802 but that will need to be flow tested. They’ve already positioned that MJF wells as Q1 results and 4000bopd expectation so that could be anytime although I’d have expected them to be more specific ie January. 155 spudding too and my guess is Feb earliest for news.
A7 result could be March and maybe A5 sidetrack too and possibility of having 6 well results in Q1.
Good to see them buying a new rig (no dilution !) and shows they mean business. At 4p, the sp is a joke and as said many times before, zippo blue sky factored in. I believe that they progress MJF to their stated 5k bopd target in 23 and I believe 802 will be a producer adding to the reserves pot. A great investment at this level and so many short term results, that with monthly Divis, will see continued interest here. Upside is still intact and this still can deliver the multibagging performance that sone have experienced before.
Fingers x’d for 23 and HNY to all Caspian’s.
https://twitter.com/caspian_sunrise/status/931457952820711424/mediaViewer?currentTweet=931457952820711424¤tTweetUser=caspian_sunrise
A reminder to some of the newbies that the oil is there. That’s why they continue with A5 and all the deeps, just got to overcome the blockage challenge .
Merry Xmas all :)
Putin threatening to cut oil supply by 500k bopd as a retaliation to the cap ! A muted response from the market but if he followed through, oil would be back at $100. Loads of conspiracy theories re his health, planning escape routes etc. let’s hope his demise is close and his successor wants to negotiate with words not missiles .
It was good to see the commitment to the purchase of a new rig. Also if CE misses 23 season then surely they'll have to consider removing rig and utilising it to accelerate the operational effort. They've stated that they are in seperate discussions for 2 charter opps for 23/24 season and i'm not sure whether that's a change from the feeedback given at the AGM. The fact that they're still talking about the 23 season intimates that there's still a chance. Also interesting that they can afford a new rig so hopefully it's not another share swap with one of Kuat's clan members ! They must feel confident that they can continue to pay divis.
The latest RNS has the 'Spice Girls' vocabulary. Shoulda, woulda, coulda. Our Clive likes to use noncommittal words eg expected, should, believed, approximately etc, the obfuscation continues unfortunately. That aside it will be interesting to see how much operational activity is achieved in January but if timelines slip, Q1 'SHOULD' be very active with several material events in play. Next news will probably be at the end of the month so i suspect that the trading volume will pick up in readiness for several news items. Won't stay at 4p for long and it won't take much to spark it into life. A multi-bagging opportunity with little if any downside and 23 looks like it could finally be the year of the Caspian SUNRISE.
Merry Xmas everyone and wishing all investors a prosperous 2023.
Oil