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This is the same rehashed RNS we have seen for years promise of certain processes will be finished by x date! you can only cry Wolf so many times! As for the expertises??? To me it sounds like that got the cheapest drill team in possible to spud the new well and they are that incompetent casp have decided to finish it off them selves with their very limited knowledge of working with deep wells! Beggars belief! If there really is so much oil down there, at such high quality get your finger out and get in a top drilling crew who do this work of drilling day in day out!
Can see this heading towards the sevens... the people who where buying up all the shares are well over spent already so won’t want to expose them selves any further. If I where more “green” to this share I would think it was a buying opportunity ha... it probably will go up a little before the next disastrous RNS then trickle down as people absorb the fact that the management here are taking most for a ride. CC you still think Easter time for a deep?
I take it you haven’t been in this share for long? This looks more and more like a ponzu scheme as time goes by. There is no way on earth so many mistakes should be made over such a long period of time? So it either they are stalling (effectively lying to the pi’s) for a more favourable time, or they are really that incompetent. I have checked with a lot of my colleagues and non of them ab e come across a drill like which is described here. Even offshore deep drilling isn’t made out to be this bloody complicated.
Other than the aim50 (which is the first bit of good news since the 105m interval) the rest of the RNS was again a rehash, are they just sitting round twiddling their thumbs, or do they just have the most incompetent people working on the ground and making decisions! How many different ways can they redo a RNS.
Yeah thank you for that one glad you two where arguing about t as I wouldn’t of looked at it, I took the profit and wasn’t greedy (been caught out too many times) Will carry on watching it though. As for casp well we can only wait maybe too slice on next spike and wait for the inevitable retrace to buy back in.. knowing my luck I will try that and it won’t retrace ha
Haha I did the same when cc and fk where arguing I had a look at the stock and bought some, I sold out today and took the profit though. Made me fee better about my casp investment that’s not moved forever.... talking about go, just visited the ADVFN casp bored, cracks me up the ramping going on over there by fk at the moment.
That would be great smasher, andif it does then this will go up where to anyone’s guess... but it’s when and if it happens.... all conjecture at the moment. We need definitive release of news. Flow tests started or flow test finished here are the results .... etc etc not the usual well we hope to start in x amount of weeks/months thinly he market has gotten a little tired of the prediction of dates only for them to be missed continuously.
Fk, that was from initial find and the completion ie flowing and selling oil or production They where drilling down to 12,000 meters the heat, pressure and technacality of casp drill pales in comparison! If you want a famous drilling rig look at the deep water horizon that drill many wells over the 5000m mark not including the sea level in very harsh environments. There are so many comparable and harder drills around the world and ones that are much harder the shah Deniz 2 although a gas field has not only drilled much deeper 6000+m but also seen high temperatures and pressures as well as having to deal with mud volcanoes. At the end of the day it’s about experience and engineering. Clean up because of pressure those pressures are normal you can see high pressures in shallower fields exceeding some reaching 15000psi (over 1000bar). Anyway as I said I’m a gambling man and I hope this gamble comes off I was a lot more confident when the 105m of oil was found since the. The news release has made me a tad less so. Yes we can look at tengiz, technology has moved on a hell of a lot since the drilling of them and being brought on to production in the early 90s, also a lot of lessons have been learnt regarding the environment! not to mention it was hampered by its fame as it was the largest find at the time, in history so a lot of political crap going on. Anyway I’m not asking for anyone to admit defeat! it could drop at anytime and if what they are telling us is the truth this will shoot up! The problem is they keep messing up! Or they maybe just blatantly holding it all back for the most opertunity moment. Again all guesses.
5 years from find to production. It took them 60 days to drill the hole by the way! It is a perfect example. Also more than twice the depth. Come on fk you are clutching a straws now even when presented with a fact you become belligerent! You ask me to prove a point that’s eaisily researched and lots of evidence exists. You might want to check out the alsheen oil well in Qatar that’s 12,000m+ I would recommend going to the oil and gas museum in stavanger Norway, that’s a fun visit. Anyway again my point being that you can’t state that your factoids are any more real than anyone else when it’s based on guesses. You also can’t then have a go at someone pulling you up on them when you shit down anyone else who has a opposite view to the point where you can become very condescending.