Member Info for SmartyP1

Rinse and repeat cycle continues. Don’t believe we get really material news, more a holding statement ie everything on track, hopefully with a bullish tone, pardon the pun :)

Neither has the KNOW IT ALL ;).

Yep, no guarantees with anything they attempt with the drill bit but I do believe we’re finally on the cusp of real sp appreciation.

KIA, you know best. Unlike many, I say it as I see it regardless of my share interest. Important to review one’s holdings when prospects change.

Back to Casper. As per my last post, lots on over next 6 months that should see all invested making a few quid.

Tick, tock.

Somm,

You are a KIA and no, not the car ;)

Et al,

Sp being forced down. Weird trading last 2 days with more buys than sells, marginally but sp declined.

Next operational update is supposedly coming pre the 23 FY accounts so must be news next week or do they wait till accounts release ?

Next update to include -;

155

CE

Block 8

803

802

A5

Probably all will be progress updates except 155 which should be conclusive and the SY horizontals. Block 8 approval is a matter of when and hopefully soon. CE on schedule but hopefully we get more detail on timing . 803 @ 3300m+ and hopefully no issues. 802 partner agreed ? and A5 true status.

Tyr's coms with Clive was good to read. CEO optimism yet but if expectations that B8 2 wells and WS could deliver 2k bopd eac, they sell the shallows and receive the CE cash, then that is transformational. Buying at this 2/3 or 4p will hopefully be irrelevant shortly as we'll all see a large return. Personally, I'm hoping for a couple of positive surprises that could surprise some ;)

Https://gamerant.com/star-trek-seven-of-nine-facts-trivia-lore/

One can only agree ;)

Bull,

There is no communication re A5 drilling. As posted, rig on site but if they were drilling and flow testing, they’d have notified us, they haven’t. Clive telling Tyr that it’s not being flow tested isn’t material as it’s not being tested.

Re comms with investors , CC can’t communicate with all. I’ve been in contact with the company forever and try to do the same for any larger investment. The company also know who holds stock in volume and important that they understand that as they may want raise cash and tap up those they believe would be interested or could get other parties involved.

MMS are taking the P again. 3.26 -3.497….lol. Nobody going to play at that spread and obviously looking for some more stock to fleece the unwary. 700 v 225 in favour of bid

I can see that last info was 28/5. The sites I’m looking at state it’s still moored but the Meliana is in situ not the CE so could be possible. I’ve been looking for tugs but not seen any at Aktau in May, only tankers and cargo vessels.

Yep, re 3 wells, I know it’s only one and I believe they drill more but not immediately. I believe they could drill other wells pre next Abay block campaign. I also believe that we make more from this drill transaction as it’ll take longer than expected.

CC,

Boat left 8 days ago and is on site. I take it that you mean the tug as CE is still moored in Aktau.

No Sunday bullish posts, that says a lot. Probably another P&D exercise but not getting rich in this trading range. Regardless, needs some positive news to change the cycle. Whether that’s next week or might end, we need some positivity, probably starting with CE and B8. There is a positive, cheap stock if you’re a buyer :)

It’s been trading in the 2.75-4p range all year. Pis are trading it, not the big boys and the current seller(s) obviously don’t believe that there’s material news in the near term. If you’re a buyer, you’ve got the opp to pick up cheap stock, that’s a benefit but maybe Tyr’s update has dampened spirits re A5 news , who knows. I’m hoping that we get a comprehensive update next week and not wait til the finals at month end.

BM,

The seller (s) must believe that CE not happening or shallows and Casper struggling on the cash front. Not impossible but highly unlikely. Always peeps with contrasting views , that’s why we have a market.

We definitely have a seller, probably Mr250k looking for his/her, their 3.4p. 1.2m buys and not one sell, YET.

750k buys and I still believe we have Mr Seller in the background or maybe the MMs had a little stock overhang. Peeps buying back in pre possible news next week, who know a bit we need some really positive news to leave this trading range behind, never to return :)

Https://interfax.com/newsroom/top-stories/102805/

Looks like 3 exploration wells still planned for 24 so hopefully CE news soon.

News next week as a monthly ? or do we wait til month end ?

Next 7 months is going to tell investors what they want to know. Yep, I can’t defend the lack of shareholder value created but if they don’t deliver value from their H2 operational schedule then I for one will be moving on. I really do believe that we return to double figures in this period and we might see Clive put his hands in his pocket and take up his options !!

No guarantees but I believe it plays out like this -;

CE deal happens

B8 approval, loan cash and 2 wells tested. No guarantees as to result but they've obviously completed them and they're testing so hopefully they're testing the intervals that have oil shows ! The current deep which has depleted to 100 bopd has flowed at much higher levels so hopefully we have 2 new deeps coming online

MJF gets sold by Aug deadline

803 completed and they actually get it to flow

A5 - who knows but I'm hoping that as a worst case they will flow it again for a period before any blockage

802 partnership and resolve blockage issues

West Shalva first spud in Q3 and successful

I believe they do generate significant cash from 1-3 but the deeps at BNG, I'm not holding my breath. If they do fail on 803/802 & A5, I believe that CPR is done and it gets sold. They have enough data on all the desks where most have flowed so sake on the cards or maybe a partial sale for a significant sum with a carried interest.

3.5p ? I believe that this is the time to be fully loaded but as always, time will be the decider. I will look back on this post and laugh or cry but they've got 7 months to show me the money :)

Sent from Outlook for iOS

Last update we saw was 25/3

‘The rig is now in place to resume work at Deep Well A5, which remains in the Board's opinion the BNG deep well with the greatest potential.’

I believe that they’ve been running on fumes and I don’t know whether they’re milling, side-tracking or doing the hokey jokey. Been 2 months on A5 and not a peep, maybe ourClive has had a moment, not the first time.

…..lol

They haven’t said it’s not flowing g or I’ve misread something ? I have t seen an update to say there started drilling ?

Clive's doesn't leak material info but if you ask questions re current position on assets, he will share knowing that he's not crossing any lines. Tyr's update has poured water on Adrianz's find and you couldn't disagree with the document as it stated a 30 day flow test ? I would've thought that they'd have had to RNS the detail if it was happening.

Other info that he believes CE on track, nothing new there, that Block 8 approval is expected and shallows deal regulatory approval will take a while but that was pretty obvious too . Also the WS and B8 poss production to replace MJF in short order, as we know that's to be taken with a pinch of salt as B8 wells not tested yet so how can he know, he can't.

Traders flogging their pots. Yep some already have pre Tyr update and that's their prerogative, I'm still adding, another little trade @ 3.38, when spread was tight @ 3.35-3.38 and MMs looking for biz. All I know is that they are likely to get positive updates from CE and B8 in the near term. Whist that is happening, the MJF deal will be progressing although nothing guaranteed as will 803 and I'm expecting WS to spud soon too. Who knows, we may see a partner announced on 802 and an A5 real update.

Whether you're buying at this level, could get a little cheaper maybe or at top of the current trading range, it's peanuts unless you're trading big volumes and you risk the possibility of a surprise update. Next update next week or you wait til FY23 release at month end. As I say, 3.35 or 3.7p, hopefully that makes very little difference come Q3 or sooner. If it recedes to low 3ps, it's a bargain, buy a few or add some more :)

Sorry, and Somm may get caught out ;)