Member Info for KumKuat

More buys than visible sells. We've seen a couple of whopper 2m sells reported last couple of days so probably same again today. Got to get the sellers out, all bodes well for the future as somebody is picking them up. 5.5p ish has proved to be tough resistance and much that we've traded above it, we've retraced 3 times, Difference this time is that the financial position is like chalk and cheese and very likely to build. Good to see a positive run into the close today ;)

https://m.uk.investing.com/commodities/crude-oil-urals-spot-futures-historical-data

Urals hit the $100 mark, and won’t be long to see this the average price going forward. How will KEBCO affect this ? Regardless, great news for Casper.

DM,

Re FY 21, we know where they were in H1 so will be good to see the improvement H2. Not expecting fireworks as revenues didn’t really pick up till Q4. I’m not expecting to have seen a big cash build in that period . We all know it’s ramped up since Aug/Sep last year and 10 months of improving profitability.

FY accounts will show the transformation from 2020 and hopefully some good forward guidance on H1 22.

Great to see some healthy volume return and it’ll be good to see us break 6p and breakout time.

Somm,

They won’t, that’s why he’s up for re-election . No disruption needed at this juncture as PR needs to be delivered by Clive.

Crude above $123 and Urals spot increasing daily. One of the questions for the AGM, what price are we achieving for export, net backs etc. We need to compile a list.

JD,
Further exploration ? They were not cash rich when they farmed out 3AB and in hindsight, would they have drilled it ? It's only an intermediate well. How much would it have costed ? a couple of million $ and if successful, sell it to Total.

Playing in an offshore project in the N Caspian, they'd just be sitting back and waiting for payday or not as a minority stakeholder, no additional work needed there.

Additional acreage ? maybe a step too far but maybe after they know their fate on the remaining deeps.

As i said, let's see what the plans are with the new IP.

Btw, the first question on the voting slip is ' agreement to reinstate Clive as a director of the company and one last time, anyone going to attend ?

JD,
Not interested in scaling it up ? That's a good question, what is their strategy ? Let's hope that the IP gives investors the clarity they need. If it isn't being scaled up and it becomes a cash extraction exercise then that's not for me. All about building reserves and why drill the deeps if they're not going to scale it up or sell it which is probably the plan.

On another topic, has anybody looked at the voting slips for the AGM and who's going ?

1p max pa, anything else at this stage is nuts. I'd much prefer them buy more acreage, take 3AB back and give it a shot, don't sell the CE, get involved in the offshore project. They were probably selling to Lukoil, no luck there !!

They're an oil company and still a minnow. The main priority is building this to a mid sized company and if you're serious of a 50p valuation say, they need to spending the dough on that, large divis will follow as cash rolls in. Peeps obviousl having too much sun today !!

Modest and prudent at 0.8p for me. Anything more and they need deep success :)

With due respect CC, they're netbacks on export were just over $40 in May and domestic prices had increased. I think i can do the maths on profitability. I also believe that they could be paying more taxes than peeps are expecting. FY accounts will give us a handle on PBT. 1p pa ? yep i can go with that , 3p impossible but maybe in a year or so if they deliver deep production, that's a different story. I'm expecting a modest start @ 0.15 and 0.2ps thereafter, modest and prudent.

I know you are top of the charts CC but 3p, that is a cracker, even for you. That's up there with Rocketeer and his mates predictions...lol. No 1 by miles, bring back FK !!!

Can sell 1.1m, going to pop :)

1p annual divi ?

Great to see the volume and the churn. 8m traded in 4 hours and over 110 trades, that's what we want.

Mr C,

I know that feeling at 38p @ IPO and other transactions above current prices BUT also the opportunity to feed in volume at the cheap prices.

We know the revenues are building and that should continue but the real catalyst to next move up will come from the IP and the divi to follow. The IP needs to detail the active operational schedule and the the timeline. Punters want to see how many wells planned on MJF and SY, that is key to keeping the momentum going. Other plans ? future acquisitions whether equipment or acreage etc. An active operational schedule = regular newsflow and that's what investors want. Add in the company making deeps, to get 3AB underway and who knows charter/sell the barge or if cash rich, share in the next offshore project. Cash is king and gives them options.

How about 5.4p to buy and bid @ 5.351p for 400k. Next stop is through 5.8p as we've had 3 or 4 pops at that level and we're then in Golden Cross territory and we will spike. Need a new box of Dorset teabags do go with that lovely cuppa formation. There probably will be a little pullback at some point but it will go again and double figures not far away.

FY accounts mid month so probably We’d/Thurs next week. They’ll show a big rise in revenue from q4 last year following 153/154 success and increasing oil prices but H1 2022 will show a huge transformation and H2 will be fantastic if they continue to build the shallow numbers. A matter of time but this is going north with gusto.

Just need to clear out the sellers. Momentum is building and the word is getting out. Sit tight and let it run.

https://www.energynews.pro/en/kazakhstan-authorized-to-export-its-oil/

Crude @ $124, KEBCO authorised by Kaz authorities, game on :)

Yep, going to pop the 5p barrier any minute. Could sell up to 800k @ 4.9p but now bid increase to 4.96p for 400k. Also will be in the top 10 on the % gainers so the word will be getting out :)

The high over the last 2 years has been c 5.8p and we've had a go at that 3 or 4 times but this is a different company now. Last 2 years producing c 525k pa and now 1.4 mb ! and that is growing. Oil price quadrupled from 2 years ago and the sp is still on it's arze.

The AGM, announcement of Divis will give Casper more visibility and the building of cash gives them real options at a time where there is the inflationary squeeze which makes fundraising for minnows almost impossible.

This will re-rate, needs to break through 6p and next stop ? Deep story continues and hopefully not too long before they poke a hole in 3AB. Looking good for all Caspers and about time.

Slowly. Buys outstripping sells @ 1.32- 980k ish. Good to see the churn and there should be less selling as we get closer to FY accounts publication. In the next 3 days Urals spot average will be over $90 as an average for the month and hopefully KEBCO is having an impact too. Bodes well for Caspian and they made the right call to target the shallows and build the cash, should have ramped up operations sooner.

Re-rate is coming and maybe that takes us back to double figures and hopefully stay there if regular success achieved and the deeps ongoing in the background. Something is going to give and soon .