Member Info for Shevek

"On 19 January 2022, Kairat Satylganov, previously a member of the Wider Concert Party, sold all his 221,625,001 shares at a price of 4.2p per share as follows: 73,875,001 to Alyazeyah Ahmed Al Marri, 73,875,000 to Meera Ahmed Al Marri and 73,875,000 to Hamda Ahmed Al Marri. None of the buyers are members of the Wider Concert Party. Upon the sale of Kairat Satylganov's shares he was removed from the Wider Concert Party"

I think you've got the decimal place wrong.

2.15bn shares, $6.5MM loan.

It's $0.003 (or one third of a cent) per share currently in issue.
This would imply they could pay it off in cash as opposed to pay a dividend but we know there are other reasons for this...
Wouldn't want to be out of this over the month end... :)

This is nothing compared to the dilution that has happened for boats and drills etc. Or indeed the placing. This has been to share things around locally as well and put pressure on the stock.
Sadly I’ve been here since the number of shares in issue was 600MM.
The reason I’m glad they’re doing this is so they can get on and re-rate the company after it and start paying dividends.
It was announced last summer when the debt looked more hairy!

This has been announced ages ago. It needed to happen before anything major changes so essential for a rerate (the way they do thing)...

Encouraged by this:

“As the Group's business matures and enters what the Board expects to be a cash generative phase in the Group's development the Board is targeting declaring the first dividend payments in 2022.“

Something tells me this is the one...
Next week is going to be good.
It has to pop sometime soon - these prices are crazy with production levels and brent pricing.
BUY BUY BUY
[Flawless enough for you?]
:) enjoy the weekend

Wouldn't it be revolutionary if the Company actually provided this information to the market and it's share holders... That might rerate the share a bit as well... :)

305MM barrels of net recoverable at 35 dollars is $10.6bn.
I seem to recall their after tax and cost income was somehwere around that?
I guess you need to NPV that at the appropriate discount and work out the drilling and infrastructure costs incurred to make that happen.
However, it's a fair bit to work with and probably doesn't include the Devonian...
Let's hope they get A8 flowing properly and then flip the license and start paying dividends for a proper re-rate.

If they have a horixontal drill solution for the deeps then we really are in business!

Clive is Santa this Christmas! Great RNS yesterday that was not fully appreciated by the market. Then served up this lovely RNS today. It really feels like this could be coming together in a spectacular way. They seem to want to make a strong story here with multiople good news RNSs. I don't want to get ahead of myself (this is Roxi/Caspian) but I think the fact they are perferating only 5 metres is interesting. Could be because of new fracking methods for the deeps and is it also because this is a new structure in the devonian that is different. I note they are now doing two new drills down to the devonian so they surely have a new structure to check...

Hoping for some wonderful news on that (I presume) in the New Year hopefully with a decent flow rate for a week or so (not asking for much). Then watch this go crazy. By my calculations 10,000 BOPD per day should get them to a cashflow position to pay a very decent dividend each quarter.... £600k per day in oil sales... That would be joyous!

Merry Christmas to all and let's hope 2022 is our year. We all deserve it after so many years of waiting... :)

Quote: In 2017, the Caspian Explorer was hired out to a KazMunaiGas / Indian state oil company joint venture for $28 million after costs and drilled one exploration well to a depth of 3.5 km. In 2018, the Caspian Explorer was hired out KazMunaiGas for up to $24 million drilling one exploration well to a depth of 1.8 km. The Caspian Explorer did not operate in 2019 or to date in 2020.

Whilst I can sympathise with frustration of people on the Board and the glaring fact that the Company is simply getting as many pieces of the puzzle in place for its key stakeholders before the price and information is let loose and the wells flow. One could look at this as everything is being held back so they get more shares (probably true). The fact is they are taking shares in the Company at 12p (above market price) and this was flagged at the AGM that deals like this would happen so it's not like we weren't warned. Also, they are taking equity in the Company, they must believe in its value.

I think the fact is there is a massive asset here to be exploited and they will probably become more active in the region as a JV partner - hopefully using this freakin' asset. We are simply going to ride the coat tails of KO and probably all be happy in the end. This isn't a traders stock but a long term hold, it always was.

That being said, my concern is that hundreds of millions of more shares get issued for pipelines, refineries etc etc at too low a price leaving us with a share base of around 3 billion and we are left with a much bigger pool and more limited upside potential. However, if they can stike the lower part (devonian) of the field as well we will still be talking £s of value and who knows what other JVs might bring in time.

At least we now know why "progress" has been so slow.
It seems like it's on purpose to me. My one concern is that getting Institutional Investors on board will be more tricky with a track record of crying wolf and then not delivering followed by massive delays and asset swaps for shares to mates and family. Things like the Company BELIVES it cost X to build don't build confidence (come on guys where's the DD).

Finally, this massive discord between what's being put on E-license and what is being communicated to the market has to stop. It's terrible for credibility and should be brought up at the meeting.

I still believe this share will do really well and in many ways am encouraged by this announcement, it just smacks of a company that isn't really operating in the interests of all shareholders equally and thus the frustation.

Let's keep the faith and I'm sure we will all be happy with things in time. Let's hope A9 can crack the devonian and it will all be irrelevant anyway. It's not such a bad deal it's just tiresome and we know things are being transferred to connected parties for a low share price. It's quite clear why we have had such an active seller for weeks now... They didn't want us to fly yet. If we get a delayed sorry it was KO selling announcement three years later that will be even more ridiculous. Anyway, let's try and take the positives here, we are sitting on something special, exciting times... LOL

Cheers.

Have to agree, if anyone wants chapter and verse then please just go to the company website and reread the RNS releases from October / November 2017 and the picture will be completely clear as to why this isn't rocketing.
In additon, the company needs to improve it's communication and clarity in RNS - they should also be giving consistent technical information, the slapstick approach isn't going to work for II.
Anyway, despite all this I'm extremely positive about the way this is looking, hoping that the new acid treatment hits the spot and gets the other flowing...
Good luck all!

You never know, Carver Claus might just get us a flow before Santa comes down the chimney...
Exciting times! LOL

Shevek H1 June 2021

I suspect it’s meant to be 48....

But why does he have to make it sound like it’s not yet there! MO’s research proved right... well done. Expect we will get more updates over next few days

Let's hope Santa (Clive in a red and white suit) has a lovely RNS to open in the morning with a stable flow rate for us all.
Hoping we are finally going to get some traction on this after years of waiting!
Good luck all, God knows we deserve it! :)
Thanks MO for the research, you turned a red day blue and saw volumes quadruple! The power of information...

2.8bn market cap equates to 35p per share in the table. 1.8bn shares does not solve this equation.

They imply a lot more shares in issue.

The share price and market cap levels are out of whack for the number of shares in issue