Member Info for KumKuat

It's good that they've issued another communication re the Divi as it explains how investors are to be paid. Investors hold stock in different formats eg nominee accounts, certificated, offshore etc and they have explained how you're getting paid.

The recent news saw the sp increase from 2.5p to 4.7p at it's high and that was an 88% profit and i'm sure many people took profits, especially the traders who are spread betting and won't get Divis anyway. The monthly divi has enabled interested parties to trade this knowing that operational news is delayed to Q1 apart from 802 which would really spice things up if successful and maybe the barge but that's unlikely imo, we'll know soon enough.

The good news. we're getting divis and we have an active operational schedule that will likely increase production . If we increase production then we can pay larger divis and the 'intention' will move to 'will' pay divis and the hype will build.

Sitting back and looking for a little pocket money for Xmas, maybe a free range turkey and a new car :)

….lol, Friday Clive. What was wrong with the first Divi announcement but obviously needed to say it again but I’ll take it especially as the sp was drifting and hopefully it’s nt up in the morning and pocket money sell off for the weekend. Probably get more communication going forward which is a good thing.

Looks like all the excitement following Friday RNS is over. Great to see a couple of days of healthy volume and churn, maybe a few new investors have joined the game. Where's the sp going from here ? Hopefully it will consolidate around here as most of the trading has passed and now peeps are waiting for first divi and some 802 operational news in December although that'll probably be Jan, maybe a surprise announcement on the barge.

Never been invested in a stock whereby monthly divis are paid, most odd. That means they go ex divi monthly and i can see trading volumes going up as some peeps may sell after ex divi and then buy pre next ex divi and so on, probably a good thing. A few months of divi payments and some positive operational news, what's not to like.

Market bid ask pretty even @ 625k max sell @ 4.01, buy 575k @ 4.29p.

Morning UKRed,

Yep, I read the Interims and you were at the AGM and they’d submitted tender docs then and I’d have expected a result by now. Maybe I’m being pessimistic and it could still succeed but 4+ months have passed and the success of the tender relies on the project going ahead . Let’s hope that we get a positive outcome as currently it’s costing us money. If it doesn’t produce income this year then I’d expect them to sell it a opposed to charter. We live in hope,

Bull,
The current bid is stronger than ask, max sell 600k @ 4p but 4.126 up to 200k. Max buy 325k @ 4.27p. Overall market is pants and our Mr Hunt is looking to rob us blind. Everybody is going to feel the pinch with the upcoming tax grab and they have to fill the pot to pay for the energy cap and probably know that they have to keep doing it past April 23. Real pain for small businesses who will be seeing a hike of 6% in Corp Tax, attack on capital allowances, divi allowances and then into personal wealth, pensions, ISAs, assets and inheritance.

Tough 6 months ahead but Casper will plod on and we have the sp underpinned by fundamentals. As i keep saying, loads of operational activity planned and the likelihood that investors, especially the long termers, finally see a sensible reward from their invested capital.

Um,

Yep, patience required with our Casper and as far as i can see, the upside is still in play and i'm hoping that 802 comes in next month but difficult to get too upbeat until they flow it, that would really get this motoring and we'll see the breakout we're all waiting for.

CC, you’ve lost me there ? No update on barge and they were expecting a result before now, that’s a fact not BS.Not saying it’s impossible but they applied for a tender ages ago and as they have the only barge they would be the successful applicant BUT no news. The success of any charter will come as a result of project in N Caspian going ahead but obviously not at this juncture. Tenders have deadlines and we’re way past the expected award date. Maybe there’s been a delay and still a chance but I’m not holding my breath.

Don’t get anxious about sp appreciation, that’ll come without ramping. Sit back and enjoy the Divis with your lump of stock and let the cream rise to the top.

Time for Casper to deliver operationally as that’s what will break us out of this range. If they do this and continue to pay Divis, as stated the sp will be back in double figures but as always, it’s the deeps that give investors a huge payday.

Tick, tock.

Was hoping to see another RNS on the rust bucket this week and that would have really spiced things up. It would’ve created another opp for a special Divi or to be used to increase monthly divi payments which would bring in new investors. News on the tender was expected anytime so leaving it late now for the 23 season but I suppose a deal could come at anytime.

802 yes or no before year end but oil that has flowed is obviously a good sign.

Q1 23 will see considerable activity on MJF and byH1 will hopefully see A7 completed and A5 sidetrack completed as a minimum. Also the first work at SY.

It’s very likely that production volume will build through 23 and with it healthy Divi payments. Nothing guaranteed and there are risks but many holders her could be picking up 15-20% annually from their investment so the downside diminishes as each day passes.

Yep, Mr/Mrs 1.7 sells yesterday and today plus a few other chunky sells.

Those that have made considerable profits could be cashing in v waiting for Divis. Could be traders trading it during a period of volatility, could be stale holders getting out. Share price held up well today and will be interesting to see how it trades up to next week.

As soon as they have paid out a few divi osyments, it will build confidence in the investor base and the word will get out. The key is production growth and we have enough activity in the pipe in early 23 so a bit of success with Divis will see this back to double figures.

Market evenly matched. Can sell 375k @ 4.255p and buy 325k @ 4.39p.

Rocketeer, you do make me larf but keep it up.
Et al,

I've been here so long that i'm happy to wait through 23 and take the cash that Casper are offering. I can get 5% ish by locking my money up for 18 months or take double digits TAX FREE in my ISAs unless the government start changing the rules and sadly that looks on the cards. Many would argue that the bank is safe and this is Casper, geopolitical risks, dodgy leadership team etc but hey, i've been here forever and willing to take the risk.

It's obvious that the WCP are taking the cash whilst it's there and that's not dependant on any more operational success. As long as they sustain current production and odomestic/MR prices remain at these levels then the only other variable is the lifespan of MJF/SY. You can 10% tax free cash for years to come with the chance of that increasing if they build production or sell the barge.

Maybe the divi return is not attractive to many investors as a result of the risks above and may think there's better homes. I will be investing heavily in the construction/housebuilding sector next year, the players that are not over geared and can deliver healthy dividends with the likelihood of sp appreciation. Not selling my Caspers but will be adding a few more names to the portfolio.

Meanwhile Crude had a little poke at $100 and retraced but still very healthy, maybe Casper can benefit from export trade next year.

Slowly going the right direction.

Mr C,

If you have 1m shares at 5p average, you get over 10% return and even at 10p the yield is far better than you can get on a 1 year fixed savings deal. The question is can they pay it and as of now they can taking into account the 2 major variables, oil price and prod volume. Prices improve in Q1 due to trading angle and hopefully they get production up.

Mr C,

Your absolutely right that it’s not guaranteed but with current oil production and netbacks, they can afford it. I want more allocated to production and ramp up Divis when they’ve got to 4 or 5k bopd pm but they’re taking it sharing the cash now.

Mr C , 1%??? Need to recheck your maths. Also depends on your average price obviously .

Nice ond DD....LOL, sadly it's true.

Loads of trading and i suspect that there maybe some clever souls who have traded this well. Those who have low averages or have bought recently in the low 2p range and outed stock in the mid 4ps. They could also buy back in cheaper if they were that way inclined and pick up Divis next week. All about timing and some peeps on here have got form and are good at it.

Disappointed not to see the sp have a proper go at 5p, maybe they have a positive CE RNS up their sleeve, maybe they haven't but that would really spice things up.

The fundamentals are improving as a result of the MR/Domestic oil receipts and the additional $5-10 coming in Q1. Could be a hectic qtr for activity and that's not far away and who knows, 802 might come good. They will continue wit the shallows and slowly build production but they have to change their approach to the deeps as currently, they don't have an answer to the blockage conundrum so get somebody in who does.

Will be interesting to see how this trades from today to ex divi date and will peeps load up knowing that a healthy divi awaits them in December.

Meanwhile Brent touching $100and who knows, maybe there will be some opportunity to export at numbers greater than currently achieved domestically.

MMs playing their games with the true spread @ 4.215-4.54, great business if you can get it ! They're short of stock and bid @ 1.1m @ 4.215 and ask at 4.54p for 200k max. 7%profit for doing what !!

Loads of churn which is great to see. Max buy 150k @ 4.77p and sell 350k @ 4.61, 4.65 for smaller trades.

Un, yep, i agree that we go on a morning run and then a sell off probably. Who knows, maybe they have some barge news to impart. A Friday RNS is very rare for Casper and maybe leave it a couple of days. I believe it's unlikely as i stated previously and i suppose they could've issued it today to compound the current move.

Message is getting out there and day traders will be latching onto the rise. Max buy 100k @ 4.49p, sell 650k @ 4.49p, another tick up coming.

Plenty of selling and many could be taking considerable profits if they were loading up from recent lows. a 2p rise is 80-90% profit and i guess the sellers believe that capital appreciation may not continue, can't blame them and a profit is a profit.

Nice to see the total portfolio in the blue knowing that every month there is a little lump sum hitting the bank on a monthly basis. Only risk is continuing production at this level as a minimum, oil prices and our friend Putin.

We'll know about 802 by year end and hopefully full steam ahead on MJF/SY and the deeps.

Awax,

Revenue based on current production = $28.5m pa. As of Q1 2023, you could add in $7.50 if we took the mid point for the additional trading profit and another $6.5m to the pot so $35m before costs. Market likes the divi news and all we need now is a chunk more production and maybe a bluebird with the barge.

JD,
If you’ve invested longer than me, you must’ve participated in the Placing at IPO. Regardless, it’s Ben a bleedin long time !!

Speaking to Clive ? Hmmmm. You don’t get inside info but important to qualify stuff out especially as RNSs are scant with detail. Let’s take Fridays RNS -;

Shallow oil sales - being sold domestically ? No detail on how much to MRs if any and how much domestic ?

Why no progress on 144/141/145 ? 142 announced at 1400bopd at end of May and 5 months later ? 141 problems, latest update and 145 workover ? Where’s the detail ?

802, what’s happened, there’s no detail ?

Barge ?

All questions worth asking our Clive to answer and I believe it’s necessary.

Operationally the news was poor and if released independently the sp would’ve crashed regardless of it being on its arze. The saviour was the Divi news and ‘take the cash’ call by the WCP plus the oil receipts increasing as a result of Casper cutting out the OTs.

Oil production - CC has confirmed that the oil split is 50:50 between MRs and Domestic. That’s critical to understand as is the netbacks achieved on both to work out true profitability .

802 - they flowed oil open hole, they didn’t expect to hit it so early and hadn’t cased the well. The target zone of 4300m+ has obviously failed but they’re now doing a sidetrack as communicated to test the intermediate find.

142/141/145 - little work done ?

Barge - no update . Maybe they make another announcement in short order but I doubt that as why are they are shelving operational activity outside of 802 until Q1 ? Answer, they’re conserving cash to pay the Divis.

The divi announcement was a ‘take the cash’ call. Much that I love tax free regular cash, personally i want them to accelerate operations and get the deeps flowing and with it comes the multibagging sp appreciation. Maybe I’ve got this wrong but I invested for the deeps and for a 50p+ share price. MJF isn’t going to give the multiples people are talking about, it’s all about A block and I want them to get cracking on solving the blockage conundrum with A5 being our best chance as it’s flowed.

The best news for me was the oil receipts and the increased revenue. Build the cash and spend most of it delivering the big ticket assets whilst paying sensible Divis that don’t affect the operational effort.

Let’s hope 802 flows and more money for the pot. Continue to grow MJF and explore SY but get moving on A block to qualify it in or out.

I may take a chunk more and hold to ex Divi date and it will be interesting to see what happens after that date ? a sell off or are new investors going to stick around for monthly Divis ? Let’s hope they do :)