Member Info for KumKuat

I see it PVI. I’ve been trading with TDW, now ii and I’ve rarely been able to buy 1.4m. Only when there’s the post spike sale as hot money leaves the premises. 4.25p, you’ll get a handsome return on that both from capital appreciation and Divis, welcome on board and good luck with it.

UK Red,

They’ll have their new IP ready to go so this will be an important meeting. I’m in Le Touquet from the afternoon so going to be tight for me but seeing if I can juggle things. They’ve had a good run of results so they’ll have a positive story. We know they can build shallows but how do they solve the deep conundrum , that’s the real game changer here. If I can’t make it I’ll send a list of questions.

Interesting times.

Encouraged to attend. Could be the best meeting since incorporation and they obviously want investors there.

https://www.lse.co.uk/rns/CASP/notice-of-agm-lw9ulsmxz3dfv0u.html

Also ask weak and bid strong up to 600k @ 4.058p so let's get a move on please.

True market 4.058-4.1475 so 4.1p is mid and tick up due. Nearly all the action is buying and our PVI has added 1.4m, summink not quite adding up as we obviously have a large seller or the MMs have loaded up last week but if they have stock, they'd be moving the price up. Sense it's going on a little run and a spike due maybe ? Back on peeps radars soon .

Mike.....lol, a small little £4m trade !!

Going to tick up again, to 4-4.1p as can sell 600 @ 3.972. MMs edging it up slowly.

Weird. Obviously had the stock and bid increased in price to 3.936p but only up to 700 whereas it was 3.93p up to 1.1m. A little tick up coming.

PVI1,

That's weird. Was it phone order as i have most of my stock with ii and i can't get more than 100k !!

PV11, i can't see your trade on the system ? Who did you place it with ?MMs playing games ?. Bid has increased to 3.93p up to 1.1m but can't buy more than 100k. Good luck anyway.

MMs likely to have picked up a chunk of stock following last weeks news as the hot money exited as it sold off from 4.6p high. Regardless, the direction is northwards from here.

Mike,

Don't believe it's going to be there although that'll be £25k+ in my coffers ;) That would cost £5.6m but they will have the wonga following the last 10 months of cash build. Maybe half @ 0.125 would be prudent. Not long to find out.

Mike,
If they have built up the cash, i can't see any reason for a sensible Divi @ 0.1p as a starter for 10. 10% annual return, i think we'd all take that but i suspect the sp will move as soon as the market susses it out.

Every extra $ on the crude price is great news and if they are getting Urals spot then current prices achieved are $90 so work those numbers out !!

I was wondering whether they’d advise market re WTax and good to get the update.

On schedule to pay Divis and we’re all going to be a little richer each quarter going forward, magnitude dependant on cash position.

Will be interesting to see CAB come publication of 21 FY accounts this week or next. 300k in bank at 30/6 and 153/154 successes and higher crude would’ve greatly improved H2 numbers. CAB @ $4-5m ? and building to $10m+ come H1 22 ? If so, a healthy divi coming and H2 2022 numbers will be fantastic if they build on the current 4000 bopd.

Wider market will cotton on soon.

Morning Badge, yep, saying it as I see it but hey, we all have our opinions, that’s what makes the market. Those who lumped in from the lows deserve to make a few quid for taking on the risk and they are still 125% up if holding stock. As you say, down to Casper to do their bit, the market will do the rest.

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

Urals spot last couple of days has spiked and average is over $82 over last month whereas April was in the low 70s.

We can talk Casper’s prospects up but there’s only a few of us doing so. Clive needs to execute the PR campaign effectively and no better time to do it when revenues approaching $100m at current production levels.

FY accounts out next week or the week after depending on Auditors and we’ll get a handle on true numbers. Current prod Rev at $80+ for export, probably still 65% and $25+ for domestic. Costs ? depends on operational activity but we’ll soon know how things have improved.

I have enough stock, I suspect so do many others but this is a raving buy down here and can’t stay down for long if Clive gets the word out. Just need WHI to get on it, get the penny bloggers on it, Motley, Investors Chronicle, Penny Stocks, Proactive etc. A few investor calls, get on AudioBoom etc.

Sit back and enjoy the ride. If it drops back to mid 3s, going to have to have another rude not to moment ;)

Somm,

They have to get wells flowing ie passing the flow test criteria and i believe it was explo and 2 appraisals, need to look back.

Somm,

The horizontal drilling is suiting the smaller shallow pay zones. much smaller intervals than the 70-100m payzones from the deeps. A5 was the most promising well and that is the well that promised much. I believe they've messed it up and maybe another vertical is the solution there as opposed to side-track. They need help with the deeps and they just need a breakthrough moment on one, that's why we're all here, not for the shallows.

Now they have cash, maybe they can cancel farm out deal and go alone, they need additional reserves so why give this opportunity away for a chunk of cash, they don't need it now.

Cash gives them options, that's why i'm anti divis now. What if other blocks are available ? cash gives them the ability to build the asset base. Paying divis now, wrong call, spend the cash on a few more rigs, get the best skills on the market to convert the first deep, that's the 'rocket' moment that propels sp towards £1.

In a fantastic place financially, how many AIM cos are priced at x multiples and haven't produced a penny of revenue, there are loads. Casper fundamentals are strengthening and the cash generation gives them loads of options.

The sp is disconnected from value and Clive has a real opportunity to get the PR machine going, starting with FY21 accounts.

Opec not opening g taps and US can’t add much to allay supply/demand fears. Crude at £117, expect to see Urals spot at $87+ tomorrow and average creeping up, all good for Casper.

Trying to cut and paste from my ADVFN post but ii not as accommodating with wordy posts !

The A5 flaring video below when the side track was successful UNTIL it got blocked again !! The oil is there from initial discovery in 2014 and we continue to get it to bleedin flow. A6 AND A8 followed, all found oil to original TD @ 4500 but unable to flow. 801 our first Yelemes deep flowed oil briefly before losing pressure and now they go with 802 on the block and A7 on Airshagyl, who knows, we may gert luck or on the 3rd sidetrack on A5.

The shalows are bread and butter and probably 10p the limit there, the deep transform the company and many bags to be had. As soon as they drill last 2 wells this year, they have no more obligations to drill any more deep appraisals, they can then focus on the wells drilled and attempt to get them to flow, sidetracks maybe or engage a partner with more skills on the deeps.

https://twitter.com/caspian_sunrise/status/931457952820711424

Somm, as you say CE is an expensive asset acquired on the cheap but value can only be recognised if they charter it or sell it. SP should be 8p now and all investors have got additional upside from the other assets, not a bad position to be in.

cont'd -;

https://www.caspiansunrise.com/operations/3a-best/

Finally the Caspian Explorer or Boaty McBoat face as it's affectionately known and the only barge operational in the N Caspian sea. Previously chartered for c $25m in previous years and Caspian have been/ are continuing to be in discussions to charter or sell. Come close allegedly but no cigar yet but a welcome chunk of cash on either outcome, probably $25m charter/$75m on sale ?

Hopefully some of that helps for the newbies to Casper .

The PIs are essential for the trading performance as they are the ones trading it and dictate the share price on a daily basis. Many of those PIs are like myself with large chunks and rarely trade any so the volatility only comes from days like yesterday as short term players (in the main) join the party plus those LTHs that may have exited after last news or are topping up. One thing for sure, Casper need more investors as many of the lths would've been looking for an exit and probably a chunk of the volume yesterday was that. You'll also get those selling chunks as of today, thev 500k sales, exiting or trading or looking for an average down opportunity, each to their own. Those selling at the market high yesterday have banked profits and exited or are looking to average down, not a bad game if you're timing is good and you can reinvest and build your pot foc, knowing that next news isn;t til next week or the week after when FY accounts are out.Current sp @ 4.175p mid is undervalued v the fundamentals. WHI assess existing shallows @ 7.9p based on 2p numbers, Casper have proved that already and building the daily bopd to 5000 as per plan and 26mboe will not be depleted for 10-15 years from now if CPR and recoverability are accurate (P2). So we're discounted by 90% from current price and there is nothing priced in for A block deeps and Yelemes deeps, the 3AB asset and the Caspian Explorer. WHI give current fair value of 21p based on an 85% discount on deeps and nothing in for anything else. The SY prospect may deliver more reserves from the new structure being targeted but that may only be a penny or 2. The £1+ valuation comes from proving the deeps and as per my last post, i would urge newbies to do some research on the deeps to date, going back to A5 in 2014.Every lth or those investors who know this stock will understand the risks/opportunities. Yesterday's announcement has derisked this and Caspian are now generating considerable profit, from $14m t/over to probably $100m+ this year, almost there now even with discounted Urals. We have one bag minimum from shallows, should be at that price now and everything else is upside with 2 deeps to be drilled inQ2 and looking at the website typo yesterday, 802 was already spudded or if not it will be next week. As we know A7 already halfway to TD but suspended to focus on shallows which was a great move. Also A5 our best well flowing at 3800bopd but has failed to flow for more than 15 days date due to blockages and planning another side-track this year. The video below shows A5 deep well flaring to give newbies some idea of the opportunity.https://twitter.com/caspian_sunrise/status/931457952820711424Other opps come from 3AB, an asset purchased from one of KO other companies. An opportunity to target the intermediate zones below the Dunga shallow field managed by Total which is currently producing c15000bopd. Caspian have agreed a farm out at 15% to 3rd par