Member Info for SmartyP1

Leveller,

Their direction is Q3 so that could be anytime up to 30/9. CC stating all on schedule so it would be good to understand what that schedule is :). I’ve asked the question but ‘on schedule’ is the answer so maybe those going to the AGM can ask some direct questions and watch the body language .

Also MMs are taking the P with their 5% spreads, not always but it deters trade. 3.12-3.27 ?

Will we get an operational update pre AA published ? or do we wait til they are published to get one ? I don’t know but I expected to see one this week and if comms to Tyr was correct then pre published results ? As always, nothing guaranteed with Casper but I believe this is a crazy price but recent selling suggests that not many in agreement.

No, that’s not the position. I’m in Bull mode, no response re accounts timing, only the info in the circular. I still believe they’ll get them out looking back it’s not 2017 that they managed to get AA accounts early enough for investors to vote them through, it was 2021.

2023 - Trading suspended as accounts missed 30/6 deadline. Published on 7th July when trading resumed

2022- Published 27/6, AGM on 30/6

2021 - Published 29/6 AGM 23/7

2020 - Published 25/6 AGM 26/6

2019 - Published 24/5 AGM 21/6

2018 - Published 14/5 AGM 19/6

I think peeps are getting their knickers in a twist re accounts publication. Last 4 years they've been published last week in June and late in 23, the only year since inception where they were 7 days late.

They could hold the AGM 3 weeks after AAs published as they've done many years historically but they've also not given the 3 weeks time period to investors too. No rhyme nor reason as far as I can see and have asked the question, why hold AGM early but no response as yet.

I believe accounts get published pre AGM and if last 4 years are guidance, it's going to be last week of June, probably the day before AGM but that's speculation. As I say, peeps are selling but why ? I think it's a knickers in a twist moment but each to their own. It does present an opportunity for those who want stock to add on the cheap knowing that H2 activity SHOULD be very material. Good or bad ? I believe it'll be our most lucrative period for some time :)

Yep, BnIsa possible but bid weakened considerably post transaction. Pis flogged today as a result of delayed audited accounts BUT if you look back, 2017 was the last time they managed to get them out on time. Had Covid in the ensuing period but they are consistent in missing the deadlines to meet AGM criteria. Also got to take into account the new way that Auditors work ie from home ! young grads, less f2f and more irritating questions. Just slows down the process and I have personal experience of the delays it can cause.

Peeps panicked today and we’ll soon find out whether that was a sensible panic or a misguided one.

1m sold yet bid still @ 650k. Obviously a buyer in the wings or MMs st king up stock, weird .

Just checked, bid still 659k after a 900k offload ? Somebody obviously interested in stock and MMs happy to take it pre imminent news.

900k and bid still at 625k ?

peeps obviously worried re another cc **** up if accounts delayed, again ! i will be sending some direct feedback as will others if this continues. i still believe they get them out but understandably a few peeps could sell but could get caught out but that’s their prerogative. another bottom feeding opportunity for some !!

Been looking on the web to see the rules re accounts publication pre AGM. The Companies Act 1985/2006 -;

‘Copies of public company accounts must be sent to the members not less than 21 days before the annual general meeting.

A company is permitted to send accounts to members electronically.’

This means that they could publish accounts pre AGM but they’d have to hold another AGM to vote them through. Current resolutions not affected by accounts publication.

Hopefully not another delayed set of accounts that would force a temporary trading suspension, especially with the new Accountants.

Joe,

I assumed that accounts would be out pre GM and have asked for clarification.

What a dull day. 625k on bid, 325k on ask , market well bid and liquid but silly spread deterring interest.

https://astanatimes.com/2024/06/kazakhstans-economic-shift-from-oil-to-industry/

Link up shows Kaz GDP journey, oil industry not the only game in town as they look to grow other sectors. Let’s hope Casper manage to succeed whilst oil is still essential ! When they dirt out the BNG shallows and probably the deeps, they’ll be left with WS, B8, a few rigs and future acquisitions from the Kuat portfolio will make an appearance, probably mining and wind but hopefully the sp will be multiples of current price before we diversify !!

MMs,

I know news upon us but 3.25-3.39 is not attracting trade so maybe increase the bid or drop the ask maybe :)

Yep, I managed to get to the strategic stuff and Abay block definitely in the plan :)

News this week ? or do we wait til last knockings pre AGM ? Getting them out without a suspension would be an improvement on last year !

What can we expect ? The knockers will be focussing on increased liabilities adding to the BNG shallow prod licence. C $17m left from initial $32m ($3.2m pa) but that would obviously be cleared out if shallows sold. Other debts, oil trader, B8 loan so liabilities increasing and highlights the need for a cash injection. They're managing to maintain their drilling commitments whilst paying off debt albeit slowly.

Turnover will be down as a result of the war and sanctions but profitability up as a result of healthy MR/Domestic prices and their oil trading.

Production for the year will be c 700k barrels and an increase YOY but as we know, current volumes are declining at c 1600bopd hence the poss sale to Absolute.

Positives ? there will be plenty in the post accounting period to date that could generate a large cash injection

CE charter

Shallows sale

B8 licence approval, loan repayment, existing prod rev plus 2 deeps to test

803 progress update

802 partner update

155

NY horizontals on 8 series wells

A5 position

West Shalva spud date

Other

Always a waiting game but a lot planned and H2 should be very busy indeed and I believe we will get lucky on a deep whether that be 803, B8 or both :)

Many PIs have offloaded over last few weeks but share is the bottom and the gamble of being out or having a reduced holding come the release of very material news .

Https://www.kmg.kz/upload/iblock/6c0/rv3ihbvduxwqnxpv1aofx49wkjaxrzq8/KMG_AR23_ENG%20(1).pdf

If you’ve got the odd hour free. KNG annual report and ABay block definitely planned for 24, Q3. Just need to get the boat out of port :)

Magic Mike….lol

MMs continue with their silly spreads knowing that news is due. 3.22-3.39p, no business at those levels !

Yep, I don’t like the deal but the fact is, they have a mature field that they are struggling to maintain otherwise why sell it for $83m. Much that they could generate that cash after 5 years at current rates, net of costs, they obviously don’t believe that they can sustain the volumes. The horizontal strategy failed and they’ve got a chance to cash their chips in. As stated, they’ll do the same with BNG or partner with somebody as they won’t develop the field. If the get success at 803 and A5, they will achieve a ‘SIGNIFICANT’ payday, even if they don’t, I still believe they move it on for a substantial figure and continue the journey with the remaining assets. We are going to make some serious money here and we’ll know the magnitude in H2.

They set expectations in December to drill 4200m in 4 months sure you can work that out. Why didn’t they, I’m sure you can work that out too. A bit like the $250m + for shallows sale, you worked that out too ;)

Somm,

You love a playground squabble, grow up, 3300m is a guesstimate but I’m hoping to be more advanced. They started off at a snail space as they were obviously short of dough and I’m assuming that they are drilling nearer their 35m a day guidance in Decc23. They were @ 500m on 16/2 and 1250m on 25/3 so upped to 20m a day. I’m hoping that they’ve upped the rate to 30m per day since which would take them to 3400-3500m but as stated, well found out soon enough.

I’m hoping that they’re further than 3300m but we’ll know soon enough.

To add, but really hoping for a surprise or 2 !