Member Info for KumKuat

Fidelio, selling ? I only see one trade of 9k @ 1.9251. All buys are everything above 1.975p. Can sell up to 350k @ 1.975p, to 750 @ 1.935 and to 1.2m @ 1.9251. Very well bid and another little tick up coming to break through 2p.

Was that infallibility or inflatability ! Our Clive definitely satisfies the profile for the latter on many levels

What colour is the smoke, that made me laugh. The Fumata, Clive definitely fits the profile of a Cardinal. Not sure if there's enough supply of pies for a Papal Conclave...lol
They obviously have material news to release even if it's only the latest prod number from 141/144 and 151 . News this or next week, please make it positive Mr Carver and try to tell the truth please ??

Very odd market currently whereby the bid and ask have flipped. Only small margins but 1.775 to sell and 1.766 to buy. Sell limits 1.2m, buy 250k. They obviously want your stock, news next week maybe ? smells like it.

On fundamentals, i see this as a strong buy and we only get shafted if oil dives for a sustained period, even then they'll have access to short term funding whether KO, small Placing or maybe a JV/Farm in. I don't believe that going Private or a cheap takeover with a nice side deal is on the cards, KO & Co make their money from a higher share price, hopefully far higher triggering the management bonus schemes.

Production should be in excess of 2k now with SY awaiting licence. Crude price is a pain but they've benefitted @ $40 gross export prices on 55% (70% possible) of current 1300 bopd for the last few months, costs are low, so operational activities on shallows and hopefully the remedial work continues on the deeps.

£35m m/cap ? MJF P1 /P2 @ 18/27mboe, other assets, drill rigs, boaty, 3AB, Airshagyl/Yelemes deeps, Devonian below BNG. Not going under and there should be a flow of good news and they're probably holding back until the charge dispute has some resolution, hopefully in Caspian's favour , licence awards granted & work commitments deferred.

I'm still holding onto the deeps, just one success to kick it off and that's without partnering. I can hear many of you thinking 'no chance' but after Xm sunk costs, their bullish commentary re the 58km2 sea of oil, the bonus scheme targets, they obviously believe the oil is recoverable but there's ZERO hope factor build into the sp.

Today's price action is a little odd, all the trades are buys, The market was 1.73-1.76 earlier this morning and that was in size, max buy 250k and sell @ 1.1m so well bid, that market stays the same but has moved to 1.765 to sell and 1.766 to buy at same parcel size, that's one tight spread....lol

Considerable money to be made and lost, certainly not without risk but the the largest returns generally come from punts like these.

We were 1361 bopd in Sept 2019. but the oil price was $60+ gross. Now at 1620 if you can believe the loading station blurb but as you say with 141/144 and 151 and Yelemes we would be at 2500bopd+ . Oil maybe at $43 but the netbacks from $60 oil were only $35 for export and $15 for Domestic. On the same 55:45 ratio the 2019 netbacks would've been c$25 so we're slightly better off today. Need prices for both export and domestic to increase and the ratio to move to 70:30, that would make a considerable difference.

Let's get the BNG charge out of the way, that would be a catalyst to sp rise add in the Yelemes and the licence commitment deferrals and i'd be a lot happier. We'll then see if there has been game playing if we miraculously land a deep !

Oil will go north and if Yelemes gets awarded then i don't see why the export/domestic ratio can't move to the 70:30 arrangement.

730k buys or £11k in cash, tiny volume but good to see that it's buying rather than selling. £11k would have purchased approx 78000 shares at the 14p mark last year, scare that we've receded almost 90%.

Much that i hold loads of stock, no more for me until i see some positivity with the licence awards, charge dispute resolution etc. Good luck to all the bottom feeders but i'd rather be adding when the risk if Whitewash or a falling out with the Kaz authorities has diminished.

Got to be in it to win it it, i'm definitely in it !!!

I believe the outstanding charge dispute is definitely slowing operational progress, both on the deeps and the shallows. They continue to update on the deeps, continue to spend money (allegedly) when cash flow is tight ? No P&A in site and it just doesn't sit right with me. Only the passage of time will reveal the true game and whether they miraculously increase production and the deeps flow.

Probably smoking dope but i still maintain that KO & Co only make the real money from share price/m cap appreciation .

Good to see a few people bottom fishing today, hopefully not shorts closing but instead, new money looking to make a few quid.

Are Caspian playing a game with MJF and the deeps, by that i mean, stalling progress until the charge dispute is resolved. It affects all of BNG and obviously the deeps when or should i say if they have commercial success. They will have to convert Airshagyl and Yelemes deeps to a production licence and if they declared success now, wouldn't that weaken their negotiation stance with the Kazakh authorities ? Also, why bust a gut to increase revenues at the shallows until this case is resolved in the courts.

One thing is for sure, our Mr Carver needs to be removed. Adrianz, you've recently posted that his removal would be a catalyst to an sp increase, i would say the right leader would create a re-rate especially if they resolve the charge piece whilst delivering a believable strategy and an achievable business plan.

I would say to you all, if you're unhappy with Clive's misleading communication, i would write to Kuat Oraziman and the Nomad and make your opinions known.

Probably answered your own question. It will be interesting to see if they issue RNS pre answering the questions but if not, i suspect they answer the easy ones and give vague responses to the more difficult ones. They've always been crap with the detail and when they do publish some, it rarely makes sense. Keeping licence commitments and detail on A5 please. How difficult is it to state that A5 is flowing at X barrels for x days and hoping to stabilise @ 1500 bopd as previously communicated. Instead we get the total bollux, it is flowing but not at the rates previously achieved, what the hell does that mean. The lack of detail could be down to the charge disagreement with the regulatory authorities and they don't want to publish the facts until it's resolved. A bit like the publication of the true volume at MJF as it affected their negotiations with oil traders ?

Let's hope that there is some transparency with the responses but i'm not holding my breath.

Adrianz, that would be a good question to ask the board. My biggest fear has been the possible deterioration of relationship with the Kaz authorities so hopefully no loss of licences. Have you asked the question via the website ?

It's only one decimal point ! Covid is definitely taking it's toll on my arithmetic, hoping that my accounts are more accurate.

Still a bargain for 6m shares though but currently the trading trend is red, Some really healthy bottom feeding last week and i expected it to follow through. Shorts closing ? Bullet Ant showed his intentions when the sp was far higher, on the Share Prophets radar from TW and co.

One thing i do know, we need positive news and there's plenty of opportunity to do so with updates on SY/MJF workovers/151 and the deeps. Also submitted questions to be answered by Clive and co by 6th October and i was expecting to see an update before then.

Hopefully all investors have asked questions, regardless of duplication, an opportunity to clear up any confusion. For me i only have a few, namely -;

1. Clarity on the deeps. Qualification of the 'flowing' statement. How many bopd, how long have they been flowing, rates improving ?
2. Are you planning to use the BH recommended acid if acid treatment fails ?
3. If deeps don't flow, next steps ?
4. What are the current netbacks from exported oil
5. Is there a deterioration in your relationship with the Kazakh authorities
6. Are they going to agree to work commitment deferral and no risk of losing licences
7. When are you expecting the SY approval
8. When is the delayed CPR planned

There are loads of questions but the one i want clarification on is the deeps, the real detail.

Let's hope you're right.

Yes, £115k now buys a disclosable holding, that is a fact. Going back to the IPO, i and others have accumulated a pile of stock that would need to be disclosable, sadly not the same today with dilution @ a magnitude of x 12.

Unfortunately they've always been scant on detail and obviously a reason for it. The 1500 bopd from the last A5 flow test was an absolute LIE, no getting away from that and many people invested based on that info.

I sill look back to the communication on the initial A5 discovery, the hyping of the investor base with weekly core sample updates as the sp multiplied by almost 6 bags.

https://www.proactiveinvestors.co.uk/companies/news/60220/roxi-petroleum-pulls-back-as-it-awaits-analysis-of-a5-discovery-70617.html

This followed by positive commentary on all subsequent wells, core samples showing the abundance of oil over approx 100m depth but here we are many years later and m/cap 50% of that at IPO.

I stay invested not for FOMO but i still see the many bags that i first saw when i made the initial investment. I still don't see the insolvency situation unless oil crashed for a sustained period, it wouldn't only be Caspian that would go to the wall. I still maintain that turn Caspian into a medium sized oiler, a $billion company. Currently smoking dope at £35m m/cap but at this stage as far as i see it, everything to play for and KO only makes the big time with an sp way north of here.

Future value ? Very hard to feel positive for future valuations but 35p and £700m m/cap seems like a pipe dream. Is it possible, yes and much more but that can only be achieved with deep success. They’ve made the 58km2 statement and have the Devonian to drill. They have 3AB to stick a hole in . The potential has always been there since 2007 ! but after 13 years still not there and the end result could be a load of wasted cash and failure.

As always with Carver, you never get enough info, the real detail needed to make informed decisions. Even the deep commentary in the Interims was vague. They’re flowing but not at previous levels recorded ? give us the detail !

I’ve not given up on the deeps yet and questions have been asked of the company so hopefully we get sensible responses. Personally I’m hoping for news pre getting the answers.

The main priority now is to dispel any going concern fears and the only way they do that is by getting all the shallows flowing 141/144/151 and SY licence sorted, this makes life a lot easier especially with oil at $42.

Whilst they do that, you never know, we may get a surprise from the deeps or even rent out the boat !

The stock is very well bid and rarely can you sell in 1.5m chunks. I grant you that 1.5m is only £27k and that would only be a 270k order a year ago ! but regardless, it's still a good sign imo. Share price on it's bottom and i believe we may be about to go on a little run north supported with some foundation ie good news.

Adrianz,

You are on the money and i'm p*ssed off that i did not read the accounts properly . Only read the notes in detail just now re non current liabilities on BNG....doh !

I think there's been a few naughty boys that have been spreading malicious rumours and it wouldn't surprise me if one of them was a broker !!!

Oversold and won't take much to see this bounce and i will help .

BOCO deal, god that takes me back !

Get the elephant out of the room ie the onerous BNG charge and this will bounce and i and many others will be adding in volume.

I've asked too many questions over the years. Have 4 good pals invested, collectively we hold loads and at this point it doesn't look very good on paper ! Plenty of questions asked this time but not from me for a change. Some of the key questions to understand -;

-BNG charge position
- True net backs currently received
- Exact detail on A5/A8 - not flowing at previous levels a la 3800 so what are they flowing at, next steps, timings
- Are they going to use the BH recommended acid, if so when
- When are planning to have the drill bits to facilitate the 141/144 workovers
- Is there an issue with the relationship with the Kazakh authorities
- 151 gas cap, prospects of it being a success. STOOIP so recoverability and rates may be less, plans and timings for new CPR

There are loads of questions to ask but at this juncture, sorting the charge as per their calcs and increasing cash flow are pretty high on the agenda for me !

P.s - very well bid !!

Adrianz,

I agree, i also agree with the WHI comment.

Most of my customers have the 'Going Concern' sticker,so do i and it is refreshing to see it as it lays everything bare. We know the debt position to KO and Oil Traders and the cloud hanging over us as in the charge for BNG production.

I get the hump with Caspian and i do voice my opinion. There are positives and one of them as you've pointed out, they have production, sort 141/144,SY and 151 and they're in clover from a profitable revenue perspective . Many companies have achieved ZIP, the constant dilution experts.

My concern is the relationship with the current Kazakh authorities but if they sort the charge as they have intimated they will, deliver the short term targets, then this is hugely oversold.

You never know, A5, A8 ? we need the technical detail.

Questions have been submitted to Caspian, let's see what responses we get.