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Is clive’s Share incentive scheme share price and market cap levels - they point to more dilution to come in my view. The refinery will be next. Bring on a deep and soon please to reduce the impact by having a high mkt cap to play with. Hope it doesn’t get too diluted. Presumably they are restricted to the amount they can do or did we all sign our lives away at the agm?
Why this didn't go crazy yesterday. Not a bad RNS but too many weeks for the herd to stay interested.
I still think a shallows reserves estimate is due next week and should provide some relief.
Bring on September I say! Cheers.
If I read this correctly, they are well on the way to crunch time on A6 - this will be the first one that they might get to flow it looks like to me. Could be in a week or two.
A8 - 94+18 = 112m plus however much further they have to go in the pay zone after the core sample.
We might get 140m....
This on its own is amazing news.
A5 - September
801 - September
MJF license looks like early July
Interested to see the reaction to this...
Hoping it's positive.
MO- I’ve wishfully thought about this one for a long time. Who knows what that can bring us lol From what I can read you know what you’re talking about so I will defer to you given you’ve read the reports etc. 115 is I guess still a bonanza in and of itself. I like the sound of A10! Good weekend :)
Looks like Caspian are trying to be more proactive with information. Long may it continue! Nice tick up and rise over the last few days. 11.5 close today is steady but solid - what I was after. Let's hope it continues towards the weekend. We really need MJF license and A6 to flow and we will truly be off to the races!!
Much better than before. Seems like they are starting to be more open. Hope it continues. Doesn’t feel like they’ve held anything back but rather are dealing with difficult wells and government change over and delays. Looks like we should get more meterage at A8. How quickly the already drilled wells take to come on line remains to be seen. All in all it’s clear this is a monster so sit tight. It just might take a little bit longer to reach the dizzy heights we all bloody deserve...! See you next weeks I would prefer a week of steady gains with a build to more core samples. We need to close above 12.5p/13p or thereabouts for this to go wild anyway. So testing these levels will be exciting let’s hope we can go through them next week.
Good reading this morning. Think people must have missed the second RNS and are still busy reading the results. Looks like we have a solid horizon in A8, think it will be bigger than 37m. Then onto the second structure! Let's hope they can get this well onto test quickly. Tea leaves read it won't be simple to bring the other drills on line. However, I liked the comments at the end of the results about people manipulating the market and the fact the have no intention to go private. Time to sit back and watch this share fulfil its potenitlal over the summer! Long term holders must be happy. Cheers.
I think given the local connections that is extremely unlikely. The delay was due to it being much cheaper to wait due to some changes in fees and contribution things coming in this year. Hopefully MJF very soon...
I've dug out the old WH Ireland research.
Please bear in mind this is old and will need to be revised UPWARDS!
From 27th October 2017.
Unrisked valuation for the sum of the parts - 90p
Airshagyl unrisked valuation (this is being derisked rapidly):
Assuming 10 sq km and four wells - 19.1p
Incremental upside for 20 sq km (i.e. extra 10 sq km) - 27.3p
Therefore if one assumed 58 sq km you would add another 120p.
Giving a total of 170p for Airshagyl ALONE.
Please bear in mind this does not include the lower Devonian strutcure for which ZERO value was given.
Other structures (again all probably low ball):
Deep Yelemes - 801 and friends - 10p
MJF - 12p (more upside there too)
North yelemes - one mentioned in RNS on thursday - 20p
No value given to horizontal drilling play or 3AB obviously (stop laughing...)
All to play for and I expect they were being conservative.
Looks like it was help back to sell the oil at international prices and for Kaz CGT reasons,
I expect it's been Buillionaire tax planning...
Anyway, as long as it's let loose now I'm happy!
Is a separate structure as I understand it. The measurement isn’t relevant for that one. However that’s a whole new asset to be valued. The market is finally waking up to just how big this is. From memory WH Ireland had a top level valuation for arshaygl of around 50p. They are saying this was based on a much smaller sq km assumption. They never gave any value to the deeper structure. If A8 hits that then who knows how high this will fly. If you reread the rns there is plenty of news coming that can really bring price momentum quite quickly. Well done to all who have been here long term. After many false dawns perhaps the caspian sun is about to rise...