Member Info for SmartyP1

Clive’s commentary on 155, 803 is very bullish, as if they know the results already. They have been re-entering previous wells on MJF and getting watered out whereas new horizontal wells have a better cos. They’ve been testing 155 so I suspect they know what they have and it’ll probably be announced during suspension period.

803 too, Cc states that the current daily oil production is 1600 (1350 MJF and 250 SY) and that’s without 803 and 155 wells. Why say that if they didn’t know that they’re successful. Yes it’s CC and he does spin a yarn or 3 but they’ve found 60m of oil above the salt and yet to get to 3900m and 4200 targets ? This could be announced during suspension too. Throw in the CE confirmation and you can see what’s going to happen when trading resumes. If we do get positive news, the hype will be considerable and we’re going to get a significant gap up !!

Then look at planned Q3 and Q4 activities . This has a fair chance of getting back to double figures !!!

I really can’t understand today’s selling but each to their own. I suspect that some of the selling is probably from leveraged traders that would have to meet settlement commitments on settlement dates. I want to buy as I know this is going north but I have enough !!!!

As I keep saying, too much on the go in the near term for this to languish down here.

Need to get the sellers out so this can move on. The PI community dictate the price and many are obviously not buying the company story.

Thr company believe they’re in a far stronger position than they’ve ever been and H2 will tell us what we need to know on the key assets. Worst case is that they sell them and the price depends on success at NY or A5 but I believe that they’ll get a decent price following results, reserves estimates and prod licence award.

The risks are there to be seen but no different to any period over the last 18 years but the company is now in a cash generative phase whether that be oil production or asset sales.

CE should be leaving port shortly and hopefully further income on the horizon. 803 testing on an unexpected zone and then TD. B8 wells are significant but existing prod will be added to the pot plus Liam repaid so worst case, more cash in the pot. Shallows sale ? I’m not fussed either way but obviously some of the big boys want Divis and Daisy is on the money re larger shareholders not all seeing eye to eye but they’re sensible enough to keep one eye on the prize.

Mining project and instant cash generator ? Sounds to good to be true and I sense it’ll be an Oraziman producing asset but let’s see.

Interested to hear the AGM feedback and hopefully some direct questions being answered, especially around the strategy.

Sone serious money to be made over next 6 months.

Can’t disagree with the fact that the RNSs continue to be inconsistent and I could use other words. Anybody invested here has to accept this as it obviously isn’t changing. Clive’s obviously very forgetful !!

I see today’s news as very positive in the main. The dampener is the fact that they’ve not succeeded at the deeps and nobody is believing that they can bring one home. They have 3 to test in Q3 if B8 licence approved. Any other company announcing that they found oil and testing a 60m interval pre reaching TD, the sp would’ve rocketed but not here. Too much historic failure but at sone point they achieve success or they bin the deeps, either way, the sp will increase as there’s zippo value in the sp for the deeps.

This stock needs new investors !!

The penny will start to drop and I believe this is the last time you see these prices. Sp will move today and tomorrow knowing there?s a trading suspension come Monday and there will be loads of hype whilst investors take time to ingest the detail. Also I see the AGM adding to the hype but somebody needs to call them out re late filing, again!!

Good news

803 60m interval pre the target zone

155 being tested

CEin time

Prod maintained @1600 bopd

Awaiting B8 licence and testing

Poor news

A5 still a problem as they can't remove stuck pipe, side-track next

Q3 looks to be a very important period for Caspian with the most material events being -;

CE charter

803 test

B8 licence and test new wells

NY reserves update

A5/A7 ?

West Shalva

Sp will move north today and bottom feeding to commence

I can’t be there as it’s the old man’s bday and off to south west for some rib practice :).

I know there’ll be a few attendees so hopefully all the direct questions are asked. I was going to send a list to be answered online but it’s easy to answer those remotely, best for the attendees to fire away and read the body language .

Https://www.classicdriver.com/en/article/cars/auto-avio-costruzioni-815-secret-first-ferrari

Absolutely flippin gorgeous

Well, the bid is for 325k @ 3.21 so the seller can easily dump a few. Bid @3.37p and MMs making a 5% margin and not encouraging trade.

AGM next week, anyone attending ?

You are a one CC. Subterfuge and obfuscation, you’re up there with Clive. Were not all like you CC, ants in your pants and a low boredom threshold.

Cmon Casper, time to release some very positive news and continue the theme through H2.

Only Walter Mitty and most investors are to it. More u turns than Starmer ;)

Pis not buying into the reserves update and obviously waiting for some drilling success, CE cas, licence approvals etc. The WHI note was a sponsored piece but it was positive. Next stop NY reserves and hopefully prod licence before the start of the sale process. 802/803/A5 will have a huge bearing on value but this is going to go at some juncture.

All eyes on the CE and seeing it move from its mooring. Operational update pre 23 finals or do we wait til their release. Are they going to be late ? The knockers will be hoping so and to create some FUD. Still believe we see them this side of the AGM with 6 days to go :)

There you go again. 14m, then 7m ?? Never held 14m and certainly didn’t sell 7m. With almost 13900 posts, you’re forgetting the stories ;)

Enough playground stuff. I’m sure the BB contributors would like to discuss our future prospects :)

Slippery as a

More sides than a

Look them up. At least you’re consistent, I’ll give you that .

Not unusual, they obviously have an agenda and imo, that's to sell BNG for a significant sum. They issued the IP out of the blue in Q4, a doc that read like a sales pitch. Then the unexpected shallows sale and now the reserves update. Yep, they have to prepare an update as part of the licensing process moving from appraisal to full production licence but personally, as stated many times, I believe they're going to sell the whole BNG licence area and the prod licence award gives them the green light. 803 and A5 remedial work are very important with regards exit price. Maybe they stay involved in a minority play with a small carried interest but I for one would not be unhappy if they sold the whole licence area and focussed on the other assets in the portfolio.

CC has already had comms stating that he believes they can replace existing prod and more from B8 and WS wells and they'll be able to do this with a load of cash in the bank and the journey will continue ie to acquire assets and develop/flip. Probably will diversify into other areas, renewables, mining etc but the story will go on

We're going to make money here and the multiple friends on drilling results in H2. Yep, they have to cut through the Kazakh regulatory bureaucracy and yep there are risks but I believe they end up flipping the BNG asset for a tidy sum and we all make a few quid but more importantly, we're invested in a company with considerable cash with additional assets that can build NAV.

Loaded up and waiting for my payday :)

That makes two of us ;)

To add.

The sp is on its arze . Many investors are battle weary but for those who can remember the initial excitement re A5 initially in 2014 and for the subsequent side-track flowing at 3800 bopd for 15 days on open choke. Caspian may never get the deeps to flow as their skills aren’t up to the challenge. A bit like the shallows, they can’t exploit the oil with the new horizontal approach but Absolute will. The same will happen at the deeps and Casper will prove and flip, moving onto the next assets. Maybe they’ve got lucky with B8 and WS is a far easier proposition and within their capability.

Money to be made and loads of it.

Well, the market wasn't overly enamoured with todays' news. Personally, I'm very happy to see any booked reserves for the deeps, that's a step in the right direction. As stated, they have to renew licence as appraisal period over and a production licence would add considerable value, firstly if they flowed oil commercially or secondly, if they decide to bin the deeps at some juncture.

I don't understand how they can include A7 and A8 did flow but not in commercial quantities. Only the immediate drainage vicinity and A7 not completed ? Can they complete the drill pre appraisal licence expires ? A5 will obviously be key as will all Airshagyl wells, if the remedial work delivers commercial oil production.

Same process going on at NY and oil has flowed at both 801/2 so let's hope that 803 is the same BUT no blockages !

What if they don't flow them commercially ? They're going to sell them with very valuable production licence or sell part and retain a carried interest. They have to book reserves as part of the appraisal licence process and it also gives them the opportunity to sell the BNG deeps if they can't get them over the line. There is zippo value booked for the deeps but todays news has changed that positively but PIs aren't buying it .The true value will depend on 803 and the remedial work on all the deeps and I believe there's a considerable sp re-rate coming our way.

Anybody seen a new Broker note released today ?

Somm,

You've hit questions, if you're not there, do your offline voting and send a note to Zclive to state you can't make AGM and will they accept and answer your questions, the answer will be yes OR ask someone who is going to do it f2f.

As stated, worst case scenario, we'll get a chunk of cash for the deeps, magnitude decided by H2 drilling outcomes. They'll then keep B8/WS, CE and rigs business and continue the journey with x hundred million dollars in the bank :)

Typical, issue news mid morning when I’m in the quacks for a while !!

I’ll take any reserves as we have no value factored in for the deeps as of now. No reserves for NY as yet but that’s coming Need positive results on A5 and 803., that will make things very interesting

2 weeks to AGM, anyone going ? We know that it’ll be the same old script but important to ask questions f2f. As we know they’ll answer shareholder questions offline too but important to see the reaction when questions posed/answered .

We’ve seen the latest presentation last year so how are they doing v strategy ? Actually what is the strategy ?

- What are they going to do if no success at BNG deeps this year ? New CPR to sell it ? Likely value ? Partner ?

- if drilling successful, what’s the plan ? raise cash and go with FDP, sell or partner ?

- Is the CE charter happening, if so, when? Are there more charters likely in 25 ? What is the CE sale value ? Would you opt to have a very small carried interest in future projects rather than take cash ?

- What is the plan if Absolute deal fails ? Are there other interested parties

- Block 8 status - nothing communicated on the deep drills apart from awaiting licence and test. Were there oil shows ? why haven’t we had the technical detail ie coring info etc ?

- When is WS spud

CE confirmation not cash will spike the sp. The cash receipt isn’t the material event, it’s the charter going ahead as there is concern it may not happen.

Yep, could be pos news on 802 but not material until it flowed. B8 possibly, 155 and maybe and maybe WS spud.

News next week hopefully and accounts too.