Member Info for KumKuat

Before end of next week hopefully. Should be a slam dunk after 154 result, drilling horizontally into a proven oil reservoir. 4 material announcements in Q4 at least ? 153, SY, A8, CE and maybe a couple more shallow wells. 1 & 2 very likely positive results, A8 ? CE ? What's not to like ?

The volume was heavily in the favour of buys yesterday, especially with the 1.75m bought by Timberwolf. The sp hardly moved so therefore we have some late reported trades to appear i suspect. Bid weakened considerably today yet the action was largely blue. If it is Mr Rig, then the sooner he's out the better as this will fly on 153/SY or CE deal.

I am excited by the CE development but nobody seems to be trusting the commentary. I don't believe they make that announcement without the likelihood of it happening. The A8 news too, could be huge but credibility still getting in the way.

Mr Shin has had a good start to his COO role and let's hope that he and is team are the difference to turning the operational effort into real success.

A great buy @ 1.5p, an even better buy at 3.25p but many investors haven't sussed it yet. Maybe a positive 153 will focus the mind.

The barge development is important and much that they’ve had talks, good to see companies looking at deep exploration again. Good to se it’s a large player and I’m sure they’d be looking at possibility of acquisition so could be a large chunk of cash v annual rental. Same with 3AB if that came off.
Worst case we should make a few quid from the shallows but can our Mr Shin solve the blockage issues. A8 new intervals is encouraging but finding oil and flowing it are 2 different things.

In summary , lots of upside potential and very small downside if any.

Many years ago I was Smartypants on LSE but lost the nickname and not available on ADVFN. Very confusing but the agenda is simple, long on Casper and loads of money to be made.

Confused.com…….lol

Tick, tock .

We’ll done TW.

Is that you GSA/CC/etc…..lol.

Wow, I’m obviously with the wrong broker. Do you mind saying who you used ? Regardless, good luck with your trades ??

You could buy 1m online ? I was testing all day and max buy was 250k .

Wolfi,

I stand corrected and I didn’t look at the timing of the 1m late reported trade. Did you work the trade through a broker ?

I believe there’s a share consolidation coming but I don’t want that. If they did a 5:1 consolidation it takes the SII to c 450m and the sp to 16p and easy to issue healthy Divis . I’d much prefer the sp to be low and good news having a dramatic multi bagging effect. Stuff the Divis, get the sp back to double figures as a starter .

Awax,

I don’t get the Divi play unless they’re looking to attract other institutions into the game. Could be the strategy enabling the Oraziman clan to cash out on the journey to exit.

There aren’t many times when you get a real opportunity for multi-bagging performance with little risk but we have it here. The deeps are a long shot as history has proven but maybe Mr Shin is making the difference ? The horizontal success down to him ? The A team now on 153 and maybe same result ? The Dutch involvement on acid for the existing deeps ?

If A8 deeper horizons come off, this gets very silly indeed but they have to deal with the drilling challenges. They continue to pursue the existing deeps so they obviously believe they’ll get there at some point, I believe A5 glowing for 15 days is the reason that they stay with the program. Oil is there, can they exploit it with Mr Shin’s guidance ?

On another point the 1m and 518k trades were sells but the 750k was a buy. Mr Rig getting out ? maybe but must be flipping mad. We are currently looking a gift horse in the kisser and it’s time to load up as the rewards are far outweighing the risks but as always DYOR!

I actually can't believe the muted response to the Interims today and the market has missed the key messages. Is Casper that unloved or not trusted ? Sooooooo much upside from here and i've added more today !

Concerns
- The only negatives in the Interims were MJF depletion with the loss of 144 and lower rates from 141. The rates are down from the average of 1494 bopd (H1 2020) to 1,268 in 2021, a 15% decline. To add to this, current production is 1,089 without 154 so another 14% decline. 154 produced initially @ 629, maxed @ 730 and now 600 but no choke size detail. The question is obvious, can they sustain 600 and limit decline by doing the workovers that were not done during the period reported.

- We know about the Appeal and that's old news and they have a $3.2m bill pa as a cost set against all BNG and no other charges is a positive.

- SY prod licence still not awarded - hopefully no issues with the authorities

Positives
- Revenue doubles as a result of higher crude price and increase in export v domestic sale %
- Revenues for H2 will be far higher with c 93000 barrels added by year end if rates sustained @ 600bopd. That would add $6.5m t/over to H2.
- GP @ 76%
- OP @ 39%
- Average oil price in H1 @ $50, probably nearer $75 for H2 so a 50% hike
- Increase in export v domestic. A 14% increase from 58 to 66% and hopefully this increases further
- Exploring new acid with Dutch company
- 146 next horizontal well

Really Material News
- 153 close to result and mirroring 154 approach
- A8 drilling to Devonian and 3 oil bearing intervals to be evaluated between 4500 and 4840m
- In advanced discussions on chartering CE for offshore exploration . If they achieved more success on shallows, maybe they could negotiate a % share of the project as opposed to taking the dough ?

I've obviously got this wrong. £65m m/cap and with 154 positive result and SY prod licence, they could be @ c 2.5k bopd and 146 horizontal to follow and hopefully SY HD wells. Oil price average for H2 to be c $75 and the revenue/profitability is building. A result on CE could be imminent and 3AB hopefully to follow soon dependant on licence approval which is proving to be very slow.

This is hugely under priced and a strong buy from me. Money to be made boys and girls and this has turned a corner but market not understanding it but they will.

ISN'T selling

And they're desperate for your stock as Mr Rig or anyone is selling .

That it's bleedin well bid.

Never been able to sell 2.5m shares but can now @ 3.03p !!!!!!!!!!!!!!!!!!!!

On to roadside taking it all in…lol

First question, why has the so not reacted positively ? As always with Caspian announcements, you have to read over and over. Carver is always over bullish but I sense that Mr Shin is making a difference .

Get the slight negatives out first
- Production not as high as I hoped as MJF older wells depleting and need ongoing work overs
- 154 at 600 bopd as opposed to 700. Carver lead us to believe it could be more
- 153 drilling, another mid communication if drilling vertical then sidetrack as per 154
- Cash at bank not as high as I’d hoped but haven’t analysed P&L
- SY not awarded yet and now before year end . Hopefully no issues after BNG charge appeal failure

Positives
A8 oil shows from 4500-4800m !!
Boaty could be chartered to large oil company !
153 nearly there

153 is likely to be successful and the e stressed they’re using the same crew as 154. Hopefully SY licence award to follow and they can get cracking on SY shallows.

A8 on the way to Devonian but have found more oil at intervals between 4500m and 4800m !! to be tested when they complete task of drilling to Devonian.
Boaty could be chartered for an offshore well and that would be awesome news as it shows that exploration continuing and Boaty maybe a winner and not a noose around neck.

Don’t understand sp response but my advice, fill ones boots ! Probably be selling into any rise but this is a joke price currently but not for long.

Loads of p

Sleepy head, unfortunately I’m a busy head this morning and in the car. Scan read RNS and lots to take in with positives and negatives as usual but definitely more upbeat.

Biggest developments, A8 already drilling to Devonian but oil shows at a 300m interval !
In advanced talks with Boaty re charter to a large oil company re drilling an offshore well
153 still drilling - I thought they were stepping out from 153 and then going horizontal ? or have I misread that.

Will post my thoughts a little later when I’ve had a proper read.