Member Info for KumKuat

Thanks Wolfi. Interesting one and Casper are in the market for more opportunity but let's get a result out of BNG before we acquire any more assets.

A large couple of trades, ISA transfer or rollover ?

Low volume trading continues and a few chunky trades will make this move rapidly, reminds me of the market between Xmas and New Year.

News tomorrow or Thursday please as it's getting very boring. Top drawer stuff Clivey, we're all depending on you !

Un,

Yep, up on low volumes and unfortunately doing the same on the way back. PIs spent out ? and sp weak in the absence of buying. Crude retreat has also contributed but as we know, the right flavour RNS could see a huge sp spike. Odds in our favour, just need to come up with the goodies.

Let’s hope it’s a repeat then TC ??

You do make me chuckle CC.

You, being a trader, (good luck to you btw) would play that game hence your concern. You’ll talk it up when you’re long and vice versa when you’re short. I on the other hand day it how it is. Of course 153 is material ! it endorses the HD strategy as a great success and more productive wells to follow.

Once more for you CC as you’re struggling with the concept, long and strong and heart wants a blockbuster but head tells me different.

As always, TT

It will be interested to see where Crude goes next after roping out @ $87 . The attached monthly chart (select monthly) shows the retrace eith lower highs and lower lows., where yo next ?

https://oilprice.com/oil-price-charts/#Brent-Crude

Badge, 153 is hugely material at 600bopd, c $140m over 20 years at current prices, x 4 BNG appeal.

Regardless, we don’t have it and we wait for a comprehensive update on all activities.

DM,

The sp originally jumped from 1.5 in Nov 20, purely on the fact that punters felt it was oversold. Oil recovery was also a factor, followed by barge charter to cover costs and 3AB farm out. Punters were taking a risk at 1.5p with Covid crisis in full flow but that’s now history with gains of 200% for those who played. 154 was the key contributory factor with an acceleration of operational activities aided by continued crude rally. Our Clive wasn’t slow to issue news on 154 independently hence the likelihood IMO , that 153 is a low producer at best. A bit like BNG appeal and A8 frac result, they didn’t communicate it clearly.

That aside, I’m expecting the selection box news and it looks like this-;

153- low rotor rates or duffer being re-drilled
A8 -Didn’t make TD and appraising 4 zones found.
Barge - close to charter or sale
SY - awarded
3AB - still waiting
144 - on way to TD
802 spudded

Positive barge result would give sp a jolt but we want to see good news on 153 a la 154. We can shrug off a poor result but it would be far better to get a similar result to endorse the strategy.

A8, hugely material and I have low expectations following deep history to date but who knows, maybe Shin has worked it out. Also drilling 802, why do it if A8 Devonian not successful, maybe there’s a positive there ?

They continue to build shallow revenues, we have nothing to worry about and don’t understand why anybody would sell it. SY should be guaranteed and likelihood more revenues from that structure with HD approach. The barge should be a winner as ‘advanced’ talks probably suggests they’ll get it away. Everything else is a bonus and I’m following KO and the money, hopefully he’s got it right ??

DM,

153 news is material and not released. If successful, the drilling crew and mates have material info and it gets around -; that has to be released. The fact it’s dragged 5 weeks could suggest it’s a duffer but even then , it needs releasing. Holding back various items for a monthly update when sp affecting news ready to release ? not right.

I’d have thought that KO would’ve done the share swap by now ? or at least announce the shareholder meeting. Thoughts as to why it’s not been done yet ?

DM,

If the news drags til next week, we’ll see selling as we’ve seen the last few days. Only tiny volumes but the sp went up on them and doing the same with the absence of buying appetite.

Last update 5 weeks ago and if 153 successful the rig would be drilling 144 next and probably nearing completion, that or they’ve had issues they’ve been trying to sort out.

This is a pivotal moment to keep momentum going and start the next leg of the journey back to double figures. A8 obviously does that in a blink as would a successful, 153, SY award and barge rental if they were all positive.

TT

...lol, that was worth of a belly laugh.

Thanks Jonesy. Our Russia is definitely not stopping it's appetite for rxploration in the Caspian region. Companies are looking to cut operational costs so maybe the CE v offshore drilling platform ? soon find out.

https://www.upstreamonline.com/exploration/lukoil-secures-partnership-in-large-offshore-block-in-kazakhstan/2-1-1099357

https://www.azernews.az/oil_and_gas/182364.html

I think would suggest that they're not using the CE and the water depth is such that they don't require it.

Mr C,

You have to start worrying when Goldman Sucks are touting $100+ as you know they're already dumping it. Yep, soo many views but always have been with oil and the big question is always supply v demand. Opec+ have no desire to open taps and are sticking to commitments they made. Biden will be increasing supply but as always, what does the demand look like. A bit like the supply chain, lots of operations were mothballed, the supporting infrastructure scaled back, redundancies and migration of staff which is affecting many industries and will damage supply. We'll just have to wait and see.

Jonesy, Suzanne,

You could be spot on and i can't find any detail re equipment required but contract to be completed in Q4 2021. KazMunaigaz not involved as far as i can see though, Azerbaijan .

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-to-sell-25-percent-stake-in-swap-exploration-project-in-azerbaijan.html

https://www.lukoil.com/PressCenter/Pressreleases/Pressrelease?rid=561632

Where's the value he's extracting ? He's exchanging assets for shares and the final action to convert $6m of outstanding loans to equity, whereas he's getting c 7% interest. KO clan make money from sp appreciation, every penny worth £10m. The Ko family will be £0.5bn/$0.7bn richer when sp back @ 10p and they won't extract the value until Caspian is sold or they get institutions involved in the game.

We’ll our Clivey has enough time to write a comprehensive report for next week.

Bicotender info suggests that 802 could be on its way. They were going to use the RT50 rig so if it is spudded, ptobably been relocated from 153. Add in SY toilet cleaning and we may have a result there too. The barge ? advanced talks but as we know, nothing rarely happens on schedule for Casper. A8 ? TD or stopped short and evaluating zones, 144 or 146 already drilling and a general summary of progress on other deeps. 3AB still in the queue.

Today’s action ? Could be a blue day as peeps don’t want to be out for the weekend, gotta be careful or I’ll be accused of ramping or going long ;)

Nice to see the Crude over $82.

TT

CC,

Flapping ? i think the paranoia is setting in. You're long til 2023, chill out and let it all happen :)

The news could be anything, could be poor on all fronts, indifferent or a blockbuster, nobody knows a scooby. My expectation is for indifferent and as DM said, some good, some work in progress and maybe some not so good. Chance of a Blockbuster ? love to see it as Toad needs a new motor to go hellraising in those Surrey Hills.

Crude having a wobble and was $87 the final wave this year ? Broken $80 and we’ll soon see whether it will bounce or not. Opec+ still holding in cuts much that the US and others want them to open the taps to avoid stalling economic growth. Demand waning ? not in my industry, it’s all about supply chain and it’s a disaster , never seen anything like it an 9 more months of pain to come !!

Down day today as no news and Clivey boy dragging it out. Personally I’m fed up of missed deadlines and translating Carverspeak. Loads to report on and hopefully it’s worthy of the faith that many investors have placed on the next update.

Looks like next week.

I’m nodding . Kuat Kum…lol

UKOG BOOM !! anything to do with Fulogas !! Biggest BS merchant i've ever had the displeasure to meet. I can still see his face on TV after the Horse Sh*t fiasco, billions of barrels...! 1p to 11p in seconds, ridiculous m/cap and loads of people shafted.

CASP = BOOM, we'll soon find out.