The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
working on the annual report and the associated AGM. At the moment it is looking as the AGM may be in the third week of June,
MLQ- didn’t know you had so many shares 10% you hold a lot for someone with no faith in the company!
The BOD aim to be the 4th largest oil and gas company in Kazakhstan... if they get anywhere near that they will
Be doing very well... employ Tim, adding 3AB to the portfolio, possible AIM50... the list goes on. Taken private I don’t think so.....
https://www.azernews.az/region/127189.html
Very interesting Sinopec are involved with casp? Why I ask myself? I notice in the rns at A6
A6
As previously announced work on Well A6 is temporarily suspended pending the outcomes at Deep Wells A5 and 801. During this pause we are reviewing our workover program with new international consultants with extensive experience with deep and high-pressure wells. -a new international consultant? Who is this?
801
This is in anticipation of conducting a further pressurised acid treatment of the potential oil horizon using a contractor with equipment designed for the process. - who’s the contractor?
Also- Sinopec have bought around the area before- are they going to join in? A massive company who are actively looking to boost their oil and gas exploration and production portfolio...
https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSBRE92N0CN20130325
Tides must be about to turn even the cautious Mrcautious is buying in and was lucky to find the bottom, MJF license sooner rather than later.. that should give us a rise of between 50/100%. It would be like magic that a couple of deeps come online in the next month or so... just in time for A8 500mtr oil find. Tim field is very happy to be on the bod for an exciting time ahead. I just hope Sinopec don’t have a jv although that would be good. My divi will be less but they have the money to develop us faster... now what’s people’s opinion of Tims arrival at casp? What’s he here for? I mean what would a guy with such credentials possibly see in little old casp? Would he put his name to Caspian sunrise and risk ruining his reputation. Being associated with a dog of a share like casp?? I think not.... he’s here for a reason. Very interesting few months ahead here ...5p to 50p+ I am told don’t take any notice of the day to day sp and those that want to play with the share price should be very carful. Trade and short at your own risk ... you will get burnt.
The price went to 2p in 2008 and then bounced between 5p to 10p between 2009 and 2011. The price then dropped to 2p between 2012 to 2013 and then went up to 5p until A5 results took it to 24p. You are literally picking the lowest price on a 12 year chart as your reference price. Back then casp has non producing assets, huge financial obligations and no money coming in. They had not discovered and oil either. There are plenty of support lines on the chart that don't go back 12 years. There is one at 4.63p that exists from 2012 to 2014. Again, you are completely ignoring company progress and NPV of the assets now compared to previous years. Your choice but again a say only a fool would sell now.
Some people on here sound a bit desperate to push the price down. Almost as if they have sold out and need a new lower entry. The 2008 2p on the chart happened at a time when Canamens pulled $113million of funding from Roxi and they were then priced to go bust. The BNG asset is now highly developed and just on the cusp of major oil production. Remember, we sold Galaz for $100million so what is BNG worth as an asset even in its current state? $400-500million is my bet. Only a fool would sell now.
Legal Business’ Law firm of the Year Mishcon de Reya has made a significant move to develop its corporate practice, today (15 January) hiring Addleshaw Goddard partner Tim Field as head of equity capital markets.
Field has advised a range of clients including investment banks, financial advisers, brokers, stock exchanges, regulators for over 20 years on matters such as initial public offerings (IPO), takeovers and securities law.
Field was head of Addleshaw Goddard’s own equity capital markets practice, and has recent experience of advising on the IPO of payment technology company SafeCharge.
Before Addleshaw Goddard, Field had acted as head of the Middle East offices of Simmons & Simmons between 2009 and 2012.
Nick Davis, Mishcon’s head of corporate, told Legal Business: ’Tim is a great fit in terms of someone who has built practices and is able to lead our equity capital markets offering. He’s exactly what we’ve been looking for.’
Related Switzerland - Splendid isolation
Davis said that the firm had not previously operated with a dedicated head of equity capital markets, and insisted that Field’s appointment ‘will take this practice forward.’
On the corporate practice in general, Davis commented: ‘Corporate has been sustained and built organically, it’s unrecognisable from five years ago. We are getting some fantastic associate CVs, which is the best test for me.’
The appointment of Field indicates another strong year of expansion for Mishcon, building out a corporate practice that largely plays second fiddle to its renowned contentious offering.
The firm’s last major hire came in November last year, when disputes stalwart Ben Giaretta arrived from Ashurst. Giaretta, who focuses on commercial arbitration, had been with Ashurst since 1999.
Mishcon will be hoping to build again on 2017’s impressive financial performance, when the firm recorded a 17% growth in turnover to £149.4m.
Licence sooner rather than later, casp May or may not of applied for the flaring licence. That simply doesn’t mean they can’t put what they are already producing on world prices. I’d not take much notice of conspiracy theories and day to day rumours. Again look at what the major shareholders own. Casp is NOT I repeat NOT going private. Disregard anything on this E-Licence website. I think people are selling wanting to buy back cheaper and flush LTH out let’s just say to feather ones own nest, any sells being bought back up. Those that sold yesterday in the 4s got burnt and will have to pay over 5 to get back in.
I think the seller has finished ... moved on to greener pastures. Best of luck.
A5
A6
801
A8
MJF license- sooner rather than later
80%+ held buy BOD (who aren't selling in-fact adding)
3AB - ( what a bargain check out the Dunga field)
Tim no on board which can only be a great asset for casp
As I say the 20% drop this morning got rid of the weak. Sells soon bought back.
Just remember what we have here are huge assets and the oil isn’t going anywhere, for those that think casp will go private Please sell up so I can buy more!
Contingent reserves at 3AB of 26million barrels. We paid $11million so we paid 42c a barrel. Dirt cheap when you consider we got $100 million for Galaz without anything flowing on it at all. What if we drill post-salt and hit the mother load?
Maybe a few more invested in casp should take time to attend an agm instead of sitting on a computer chat board constantly slagging off the company and the directors. Talking about a private buy out... go and speak to the company personally. If people on here have so much invested, get to the agm instead of writing complete crap online. Short selling should be made illegal so should these chat boards. Criminal! If anyone out there thinks that casp sp is by any way moved by a few private investors on lse needs to have a word with themselves. The bod own most of the stock and will make this company a success. End of !! £10k trades here and there make no difference.