Member Info for KumKuat

Disappointed to see it retrace but the churn is inevitable whether it's profit taking, stale bulls exiting or those who are clever/lucky enough to top slice and average down. The risk of doing that now is clear to see and many might have done it yesterday, only to be surprised by the second RNS and having to pay more to get back in the game.

Forget the sp unless you're trading it. The fundamentals with 3000bopd and lots more to come, what's not to like. Not releasing an update on barge or A8 after perforation, hmmm, they could've waited and if bad news they could have dumped with the good news. If A8 news is positive, there will be regular news flow a la A5 or maybe they do the work and don't update for 2 months, only when it's flowing for 60 days or so. The barge, likely to be good news and loads more horizontal wells to follow, what's not to like. Won't be long before our Casper will be turning over $100m+, especially if Omicron effect subsides and hopefully it is the beginning of the end for Covid. Crude @ $76 and the likely trend is northwards and $100 oil a reality again.

Another update tomorrow ? unlikely and probably January now but stranger things have happened. A great finish to another difficult year :)

Sneaky old Carver

Meanwhile Crude is heading to $76 as preliminary Omicron data is showing that Omicron is causing less severe illness. Back to $80 in Q1 and Casper building production, great news for all invested :)

CC, 100%.

Have gone from 1300 bopd and teetering on the edge when Covid struck to 2600bopd. Doubled production and Crude averaging $70+ in 2021. Turnover in 2020 $14.3m , turnover c $60m with SY and 15 shallows to follow ?

If A8 flowed, this will get silly, the only caveat is the flow test and no blockages but if that's satisfied, why can't all the other deep wells flow ? If there's oil in the Devonian then you know what happens next.

This hasn't traded the volumes seen when A5 flowed, it was off the charts compared to the last 6 years. The news wil get out as success builds and the sp will get ahead of NAV at some juncture.

Raving BUY.

Taking a while for the penny to drop. Nice to finish on an intraday high and this will move further north through Xmas if people wake up to the real opportunity here. Always a thin market over the Xmas period and often significant moves on little volume. Those who understand the NAV make considerable money here and there's only upside after todays update .

Turnover $60m with SY. M/Cap $100m, wakey. wakey everyone. 2 horizontal successes, now proved that it works. $5k+ coming in short order, people have missed this big time !!!

Un,

How’s the spreadsheet looking :)

The penny is starting to drop !!

Market has got this wrong but looks like PIs are all spent out. I can’t believe it’s received such a muted response. Fill ones boots :)

RitchyP, thanks, yes that makes sense.

Great news today and the continuation of the progress made with 154. 5-6kbood is a reality for Casper from shallows alone and the dark days of this being a loser are behind us.

The deeps and all other assets are upside, fill yer boots :)

We’ll, that was a pleasant RNS to wake up to.

Shallows
Great to see the 153 result and 154 continuing. Not sure about Clive’s maths but that should be higher than 2300 if we have just added 830bopd. SY award I’d good news and to add another 300bopd and existing MJF wells to be redrilled as horizontals. At last we could be heading to 5-6k bopd and very healthy revenue/profitability.

A8 - found the commentary low key but great to get to TD without incident. 140m found and awaiting result on first perforation. 3 horizons ? there were 4 amounting to 90m to 5046m ? Clive and detail again.

Barge - must’ve slipped his mind.

3AB - same

Must be saving news for next update…lol

KO debt conversion going ahead.

2 more deeps to drill at far lower cost and their deep obligations completed, any future wells discretionary and cash flow will increase. The deeps are the company makers wells and we’’re going to find out soon whether we get to benefit from the huge upside. Without them this is a profitable shallow player with 3AB and Barge as additional pops.

Work out the revenues/profitability boys and girls, it’s starting to look very pretty. 153 success following 154 and more to come means that we can start looking at 5-6k as a reality with SY wells, that alone delivers many bags.

Sp going north :)

Our Clive did share with posters that he was going to update the market at the end of November so to drag it out further, they have to be waiting for results on x operational projects.

If we assume that we get SY licence after 2 years of waiting, that puts daily prod @ c 2100 providing MJF production is still at 1800bopd. If we took Crude @ $70 then Casper's annual turnover wold by c$42m as opposed to $14m last year, that's a welcome $28m pa trhat makes this business profitable. $42m pa revenue and a m/cap of c $99m with a load of assets with zero sp value,hmm, let me think about that. The business is undervalued and they just have to develop more revenues from MJF/SY alone and we're quids in and as said many times before, the monumental upside comes from deeps/3AB with some further assistance from CE, hopefully @ $25m pa.

I have enough stock but if it's poor news on 153/CE and A8 and sp crashes to 3p or lower (i don't believe it will), there's only one thing to do and that isn't selling.

TT

News tomorrow anyone ?

Un, still believe that we get news this week. I believe they're waiting for some positive developments. They've had 10 weeks since 153 drill so enough time to drill that again if needed and 144 and maybe that's what's happened and waiting for results. Could be A8 being tested ? or CE/SY done.

I find it strange that we've gone bullish financial/strategic update over 4 months ago and little else reported since. KO not completed the debt/equity transaction yet and i find that odd.

Clive, if you're reading the boards, keep the news to yourself if it's crap, there's a good chap. On the other hand, if A8 is gushing and everything is rosy in the garden, we'd all like that as an additional Xmas present .

Just a little selection of last 3 years Xmas specials and don't go back further as you'll be finding the nearest bridge ! Heard it all before so don't want to see stuck pork pies, cold weather etc, let's hope that this is the Xmas RNS that's going to finish off the year with detailed operational plans and a clear strategy going forward . Scene set, drum roll, entrance Clive :)

2020
https://polaris.brighterir.com/public/caspian_sunrise/news/rns/story/xzmy0ow
2019
https://polaris.brighterir.com/public/caspian_sunrise/news/rns/story/xpgyljx
2018 - No Dec RNS
Nov - https://polaris.brighterir.com/public/caspian_sunrise/news/rns/story/xjp481x
Jan 2019 - https://polaris.brighterir.com/public/caspian_sunrise/news/rns/story/rmppl9r

My post below....lol and not even touched a drop, got to get some glasses.

UK Red, you like Clive, you have certainly gone down in my estimation. Go back and read the BS from 2017 onwards, misleading, contradictory etc. Let's hope that is all behind us and he's got so much good news to impart, that he has no need for the embellishments and maybe the end of Carverspeak.

Our Clive is obviously waiting to deliver a comprehensive update. Waiting for good news on CE/SY if operational effort a poor result on 153/A8 I suspect but nobody knows. If 153 was good, they’d have issued news as not to is withholding material info. They released it on 154 so why not do the same on 153. A8, who knows, it could be being tested and they want to update with clarity, that’ll be a first time.

The boat was almost a slam dunk as per last commentary so let’s see what we’ve got and the shallows should be the same. Have they recruited 153 or completed 144 as they’ve had time to do both.

Revenue up, now profitable with the resources to exploit the asset base cost effectively and we have to convince wait to see it unfold . A mikes better position to be in :)

TT

Don’t forget that our Clive is an ex Hoodless Brennan broker ! Do I need to say more .

Maybe Cliar’s got the sack ? now that would be good news. Drilled 153 into an aquifer and even his best pork pies couldn’t stop the leak.

10 weeks as of Monday and really dragging it out and looks like weather forecast may make an appearance, let’s hope not, he needs some new material :)

The biggest issue with Caspian is Clive and his poor communication, that's a fact. The expectation setting v delivery has always been a problem, that together with Carverspeak or some may call it lying.

The company was on its knees in early 2020 as and this was made worse by Covid and it's effects on crude price and operational activity. Add in the lost appeal and the 300bopd from SY and things became very dicey. KO had been the backstop but the £1m placing was evidence that he was not going to continue to fund it.

SP crashed to 1.5p and a 2 things have saved this company from extreme dilution ie

crude price rebound
154 success
In addition, the barge charter albeit not for exploration was a positive as allegedly it covered its costs since acquisition and the 3AB farm out was another positive that has improved sentiment.

We were right to see the opportunity at 1.5p as this company and share price IMO is hugely undervalued. With SY back in, this is now a company generating 3+ times more revenue than in 2020 and H2 2021 will show healthy profit for the first time in its history.

People are frustrated with this investment as am I but as far as we know, all the assets are in play and providing MJF production continues at current levels, we have a very good chance of seeing sp appreciation.

The last 2 announcements ie the strategic/financial and Oct RNS were positive and we are expecting news on various fronts that are very material. To fail on the barge when in advanced talks would be a disappointment as would be failure on A8 and 153 but even if all that happened, they continue with the shallows and they alone give upside providing the horizontals are the way forward after the 154 success. The barge remains an earning opportunity even if talks fail now, 3AB to be drilled and deeps continue. I remain bullish on future upside and will make money from here.

As always TT.

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ODS,

Boris back to distraction tactics and the mushrooms in the dark still being fed shoite. Some basic info would be good, exact no of Omicron hospitalisations, what age group, which area, vulnerable or not, vaccination status. Omicron will be at far higher numbers than current data and probably in the UK far longer than we know. I appreciate it's very transmissable but early data is stating that it's creating milder symptoms so why not tell us the truth as opposed to scaremongering. Some may say a ploy to get everyone boosted or is it actually more severe than we're being advised. Work from home ? but keep going to concerts like the Jingle Bell Ball where Covid is rife and another spreader event or nightclubs, parties, pubs etc. It certainly is a crazy world right now.