Member Info for KumKuat

Market spread 2.75-2.97. Max sell 450k, buy 150k. Spread is a joke and 7.5% of easy money for the MM crooks. C'mon Clive, let's see what all the fuss is about.

Enough of Leni, it's depressing.

Questions not answered yet so the likelihood is that Ops update pre posting to the website. Let's hope that they follow this session with some clear communication as to 2021 plans for balance of year and going forward. They've navigated Covid crisis and now time to define the strategy and timelines to get us and other investors interested.

I met him once, that was enough to mark his card, fluent bull shoite. He destroyed LGO diluted it to death and then there was UKOG amongst others, Horse Shoite, the Gatwick Gusher….lol. Mr Dilution or should that be Destruction, should carry a govt health warning !!!

MrC,

Anybody invested in anything that Lenigas involved with need shooting. That is one stock that got hyped off the boards when most new it was fulogas or not when truth known.

If it's too specific JCB, it may require an operational update pre publication. Regardless, i hope the questions are answered honestly and maybe in a positive manner.

Cmon Clive, get the website updated . JCB, you’re questions have obviously caused an issue, nobody in Kstan has a clue, probably offer you a job .

Let’s hope that there is some more transparency and accurate detail on future comms, ditch the Carverspeak and let’s Shin chat instead .

Meanwhile Crude recovering above $76 and with 645 extra barrels, that is good news.

Can't remember what the last BicoTender said, i believe Adrianz posted and i seem to remember that was 802 ? 802 is the next deep Yelemes well but i though A9 was the next in order.

They need a competent partner for the deeps unless Mr Shin has the answer with the fracking plan. Everything still in play until P&Ad and that would be the easy option but they continue to chase the dream. Is it FOMO or do they believe they can solve the conundrum ?

I never spoke to our FK. Is anybody still in contact with him ? an aka ramping on other threads ? Let's hope the Polish LF Printing market is holding up and he's still got the hot tub.

Back to Caspian, answers to questions please Clive.

The Heading on the 28/7 notice is - Tunkey exploration well construction No 802. The previous notice in May was titled - Household services at Elemes Yuzhny field for 2021...lol

I know, call me Dave !

UK Red has put a post up on Advfn re Bico tender - https://www.bicotender.ru/tender194610834.html

Translation below -;

LLP/BNG/Ltd - announces a tender. Turnkey exploration well construction No 802 (with result)
2 000 000 000.00 KZT
Start of tender - 28/07/21
Tender No 194610834
Type - Single supplier

Oh well, cover blown and can't put up the chart for some reason ...lol

https://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=LSE%3ACASP&name=&type=1&size=2&period=12&ind_type1=0&ind_type2=0&ind_type3=0

CC, the whole history above and i've live the whole story and not many people been in since the beginning. The hype at IPO was off the scale as it was for most of AIM hopefuls but the 2008 crash put paid to the blue sky merchants, the Ponzi schemes, anything built on fresh air. I met with all the clan, Barker, Schoonbrood, McDougal and to be fair, they were a professional bunch but unfortunately limited cash and lack success soon put paid to any optimism. Our KO's involvement and the sale of Galaz was a real coup and imo, saved Roxi and gave them the funds to go it alone on the deeps. Sadly that has been a money pit to date and they are now at a crossroads re next steps. The MJF field has been the saviour, not going to make us rich but the barrier to dilution and the funding vehicle for the remedial deep work and ongoing shallow campaign.

You mentioned the cuppa the other day, why not a cuppa going back to 2007 75p high. More of a bath and handle than a cup and handle but not impossible as they have the assets to do it. Don't want to get the FK sticker but it won't take much to set Caspian off on a healthy run northwards. The deeps are dead currently but can Shin or a Partner change our fortunes. 3AB ? only time will tell and if they manage to generate considerable cash through HD @ MJF/Yelemes, maybe they can afford to take the punt on a minority stake in an offshore project as opposed to taking the charter cash. The Devonian has to be counted in or out too so much that a 75p price and 1.5bn valuation is pie in the sky currently, it's not out of the question.

No ramping yet but hopefully we have turned the corner and many bags to be had over the coming weeks, months and years.

All sells today and yet bid still healthy @ 2.75p up to 350k and 2.614 to 450k. Needs volume and maybe shareholders questions spark a little more interest.

Uncertain,
Can't find the pipeline infrastructure detail, seemed to remember it was $14m but could be wrong. I've copied the last Investor Presentation in Nov 2017, the 'stacked busses' as i like to call it. This is when they did their beauty parade and then failed to deliver in style. Some interesting stuff but history has shown it to be quality Carverspeak.

https://www.caspiansunrise.com/wp-content/uploads/2017/02/Caspian-Sunrise-Investor-presentation-1-Nov-2017.pdf

Time stood still ? . Very weird and i suspect that a chunk of yesterdays sells were a profitable trade for those who pumped it a month or so a go. I am very surprised that there's been no follow through and it shows how low sentiment is and the interest in old Caspian. Yesterdays news was a big positive for me and i have bought more on the back of it. Caspian need to get the message out there but i guess that needs to come with a new IP and when there's some positive results behind them. KO hasn't over diluted and hopefully this cash injection will negate the need for any future dilutive funding.

Let's see what SQs throws up.

...lol. Maybe a third rebranding exercise, On The Cuspian Ltd.

UC, i believe we have turned the corner and it was an achievement to survive Covid and i suppose that's down to the crude price which avoided heavy dilution. I'll take 800k+ bopy at this stage and it's well needed cash flow. We all know MJF isn't going to make us rich but it certainly keeps the wolves from the door. We will break 3p and down to Caspian to deliverthe news flow to send this back to a sensible valuation.

Also good to see the volume picking up although i was hoping for more today. Good to see the churn as important to get the sellers out whether trading or leaving the ship. Only 860k traded but 2:1 in favour of buys and hopefully the daily volumes continue to grow. Bid has improved slightly to 600k @ 2.75p so a few more buys and this will tick and hopefully some positive answers to shareholders questions continues to lift sentiment/credibility.

If i can take this 645 bopd as gospel and use the 70:30 split/$45 netback and $12 for domestic (probably higher on both counts), then it does drive incremental revenues of $8m+ , that's a 60% hike in revenues. Would like to qualify out the 'most' statement so maybe another question to ask in the shareholder questions forum. I've asked enough.

Add in the shut in 300bopd @ SY at the same financial split as MJF and that adds another $3.85m to the turnover. MJF capacity was 1300 bopd so if they could produce annually at that rate, annual production would be 474,500 bopy, down from 546k in 2020 BUT add in the addition 945bopd from 154/SY then that adds 344,925 bopy and total production volume of 819,425, a 50% increase on 2020 numbers !! Yes they have to sustain flow rates but they have 14 or15 more wells to drill on MJF, they will use the same techniques at the Yelemes structure and who knows, maybe at A8 and the other deeps as they are planning to frack there too.

This stock has been depressed for years and as far as i can see, it's in a far better position now than it was in 2019 when so high was 14p. The loss of the deep opportunity or should i say the loss of credibility/sentiment from continued failure has damaged investor confidence and the sp. If Mr Shin is making a difference then he needs to articulate how he's going to change the deep saga and deliver that long awaited commercial success.

Add in 3AB , a poke at the Devonian and a lucrative barge rental, it won't take much to send this sp back to the 2014 26p levels and beyond. Getting ahead of myself, probably but it won't take much to restore the hype here and i would say it's long overdue !!

Good info on the horizontal drilling CC but does it mean that P1/P2 numbers can now be revised upwards. An important question .

Can they sustain the flow ? If they can then that is great news but I’d like to see that revised IP , a real document that makes Caspian investable. 15 more horizontal wells ag healthy flow rates, maybe the original 8k bopd is not a pipe dream. Let’s hope that we’re not disappointed with huge depletion rates but only time will tell.

Currently, our Caspian is a steal as it’s not on the investor radar. Needs a revised IP and done PR to get it out there and volume will return if they continue to deliver positive news.

Thanks UC/Bson,

Tucson, my numbers won’t change , we’ll actually will probably change for the better as I based it on a 70:30 split but I can’t quantify or qualify Clive’s statement ie most of the oil will be sold at export prices which should be achieving $45-$48 currently.