Member Info for KumKuat

Every trade with a 3 is a buy as it was 99% of the time yesterday, not sure about the 3.01p trades at the close. Everything with a 2 is a sell. Just clarifying as they're being reported incorrectly.

Wolfi, that's on the shopping list ;) I was thinking more on the lines of pasties and cream cakes on board the SS Rustbucket !

That made me larf :)

To add, bid still really strong at 1.2m .

Yep, I was a tourist but now a resident !!

Meanwhile, Crude as volatile as ever, Urals discount down to $18-20 so an improvement to make up for the Crude retrace.

Interims on 21st last year so a couple of weeks and we see a little more transparency. What’s the PBT number likely to be ? Revenue should be $25-30m as a result of sanctions and PBT 6-8m ? Would’ve made $5m in 21 without the 3AB impairment and that was on far lower prod/crude numbers. H2 will be far better and better still if the 5k bopd achieved.

Underpriced and unloved, need a deep success to get the excitement and blue sky back into this stock. Now that is Stockholm !!

JS, yep, we've had a feeder. I've taken c 750k and no more but interestingly the bid has moved to 1.2m, first time for a week or so and i sense we're about to move on from here. There was a 500k sell yesterday, 250k today and we'll soon find out if this is going to continue but i'd have thought you'd have seen more of it as bid strengthened.

Added another little chunk and decided not to wait for any tree shake as i sense we could be at bottom and move on from here. 4 little trades completed and a chunk that will be traded out regardless of future trajectory of business.

Oil trading mid $90s, discount reducing and hopefully the coffers are building.

C'mon

Good ole MMS, showing what they want to show. Purchased 25ok at 9.09 at 3.029 and only declared 250k currently is at 9.13. As with 500k late reported yesterday, the MMS are playing games re share buy/sells.

A little chunk pour moi. Getting closer to news and likely buying interest on run up, At the bottom ? let’s hope so and I believe 70% to be had but hopefully a lot more if Interims operational update is positive and timings on Divi payments.

148k sells and the rest buys apart from somebody who's dumped 500k @ 3p. Don't want to be rude but why !!If you need the money or being forced out then yep i understand but can't be a trade looking to buy in much cheaper as if that was the strategy it would've been done a lot earlier. Hoping he, she they etc don't know more than us.

C'mon Clive, the natives are getting restless, a bit like the UK inhabitants if we don't stop this inflationary cycle soon . Throw us a bone or three :)

Hi Mike,

Volume has been tiny. PIs are the ones selling/buying, the big boys are sitting on their hands. If it gets silly, i will buy more as a 'trade' and sell in the 5s regardless of future trajectory. I have too many but i won't be looking at gift horses for too long. Better shape than ever financially and yet the sp on it's arze, beats me !!

Yep, i'm expecting a buying spree but MMs or somebody(s) keeping it down. Tested market and couldn't sell a bean early doors and suddenly, a couple 300k of buys and bid moved up to 550k @ 3.01, ask @ 3.05p for 250k max. Now back to not selling beans and i can buy 500k !! Market currently 10k max sell @ 3.01p, max buy 500k @ 3.045.Got a little seller spoiling a little fun but at some point soon, this will turn.

The bid has been weak for the last few trading days and i won't be surprised to see the sp visit the 2s if we get any selling. It will present a huge trading/investment opp . Barring anything sinister eg, volume collapse/unable to sell oil, Putin shenanigans etc, there is considerable upside just from the shallows. In the background we have 802 will into drilling and should be approaching 4500m later this month. Other deeps will follow, mostly remedial probably with A5 being the most important. Who knows, the rust bucket may come in and enable those meaningful divis. At this price, even a 0.1p div delivers a 13.3% return !!

Current sp doesn't make any sense to me and not surprised to see a tree shake to try and free up some more PI stock but there will be those who will take advantage.

Edit: I’m expecting H1 to deliver c450k barrels and over 1m for the year.

Investeg,

Yep, a far better picture than 2021. Total barrels in 21 was 534k and by my estimates, H1 2022 should be c 535k so the same production in 6 months and at far higher oil prices. Crude averaged $68 in 21 and just a tad of $100 in 22 but we have to apply the sanctions discount from Mar 2022.

Casper should produce over1m bopa in 2022 and if 141 is successful then obviously higher with SY additions or any deep success.

Almost at the same price as we were when Covid was threatening to send us to the penny share graveyard. Prod was at 1460bopd and export/domestic had sunk to $17/6 so a huge transformation since then.

Still r pectins the pre Interims pump and dump but the latter depends on news flavour, silly me, the dumpers won’t be holding come news !

About time we had a change of fortune .

https://www.lse.co.uk/rns/CASP/operational-update-3wxcr0b72mshq3h.html

Investeg,

The Interims won’t show significant profits as the 141 well won’t be in the numbers, only for 1 month and Urals discounted at 30% from end of Feb. Yep, they’re profitable but the additional 1400 bopd will be seen in the H2 accounts.

Urals discount reduced but so has Crude from the high and I’d be working netbacks on all oil produced at c$25-30. Still a very tidy sum and tidier if oil discount narrows or KEBCO in play.

Need to take prod up 5000 as communicated, bring it 802 and declare the first ‘meaningful’ Divi as communicated .

Looks like 1m rollover, playing with fire! The 440k and 560k would be buys but the bid was very weak so probably late reported .

Yep, a welcome decrease in discount and an extra $$8-10 is most welcome. Hopefully this continues and Crude creeps back over $100 but that’s very difficult forecast.

I believe all our oil is dealt with by oil trades. The Urals discount isnt %35% anymore, it’s 20% and that’s what I want clarification on. Bad enough getting sanctioned oil but the $30-35 is wrong. Asked on Urals price so hopefully our net is improving. Got to hope that they start to get less discount or KEBCO impacting prices ?

Don’t know. The only fact I have is that they can save$10 by doing it themselves. I suspect export net backs after tax/transportation are c $30 v Domestic at $17. If you took a 65:35 split based on 4000bood capacity then average net would be c$26 .