GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Aw, come on. You lot know you've got to buy the Mrs, and / or the girlfriend something expensive for Christmas.
Don't think about the share price, get on and sell some shares, buy them something nice with the proceeds.
Sat here with a core holding of CPX and CASP, with a small cash pile, waiting for the 'crash' all the experts keep telling us is coming.
I look at the shops, - packed. The roads - crowded. The building sites - busy. The factories - advertising jobs.
Everyone is busy making money - is this 'crash' is just unfounded fear?
I used to enjoy reading this board, but now with the trolls constantly trying to push down the share price, and put off new investors. it has become a chore to read.
If you don't like the board, or the companies prospects, then don't buy the shares!
OS in particular has been knocking this share for years, yet still claims to be heavily invested?
He has done more to reduce the share price than anyone.
What a good idea coffeecups. You get on and sell first thing Monday morning, with a bit of luck the rest of the gang will think you know something and follow suit.
Then the rest of us can have a little top up on the cheap.
:-)
Sell up quick, and that goes for the rest of you private investors as well.
You know the market is designed to fleece you, so stop trying to hold for a big profit.
Sell up and let the big boys have your shares on the cheap!
Flawless, clearing $40 a barrel. After deductions for tax, storage treatment and transport the net price expected under a full production licence is currently expected to be some $40 per barrel. What price a barrel are they working on as an International price? We were making money at local prices of $16 to $20 a barrel.
sp seems to have been kicking around this level for a little while, time for a punt?
As previously announced the licence at the BNG Contract Area is due for renewal in June 2018, when it was expected the Company would apply for a 29-year full production licence to cover the whole BNG Contract Area. The principal benefit from moving to a full production licence will be the ability to sell the majority of oil produced based on world prices rather than the domestic prices permitted under an appraisal licence (currently typically $16-$20 per barrel). A drawback is that a condition of such a licence upgrade may have been the need to curtail some of the planned exploration and development activities especially at our deeper prospects. This stems predominantly from the need to have explored regions and structures during the appraisal period of a licence to allow unrestricted further development during the full production phase. Caspian Sunrise is therefore delighted to announce its early agreement with the Kazakh regulatory authorities to extend the whole of its licence at BNG on an appraisal basis for a further six years effective from June 2018 with the opportunity from that date to apply to convert individual structures to full production status at the Company's timing. The ability to elect the timing of when to apply for different structures to move to full production status will allow the Company to manage the move from appraisal to production on a structure by structure basis rather than for the Contract Area as a whole. This marks a very positive outcome as it should be possible for instance for the Company to operate its highly successful and well developed MJF structure on a full production licence basis while continuing to explore other shallow and deep prospects. For example the shallow MJF Structure already has 5 producing wells with a sixth well nearing its total depth. In comparison, the potential shallow New Structure has only one well drilled and to date this has not shown it can produce at commercial rates but given more time and work may do so. Of greatest importance however is the benefit for the deeper prospects to be explored more fully before moving to full production status. For example the Deep Airshagyl Structure, with A5 & A6 already drilled and A8 due for spudding in Q4 2017, and where we have more information on likely structure boundaries, is likely to be suitable for a move to full production status before the deep Yelemes Structure on which only Deep Well 801 has been drilled to date with Deep Well 802 is planned for H1 2018. Another consequence of this better phasing will be that, if the Company so choses, even its deep drilling could be funded by the pre-sale of oil from the BNG Contract Area making any large scale equity fund-raising entirely discretionary. The first opportunity to apply for a structure to be licenced on a full production basis remains June 2018.
I was quite enjoying bigsmokes narrative today.
Spent a fortune developing a great product, for which there is no demand. Bit like being a "Fidgit manufacturer.