Member Info for SmartyP1

That was Dec.

Much that I’m sedated and half asleep, this set of accounts is far better than I expected and I’m looking through to try and dig out the negatives. Can’t see current CAB or work out the split on MR/Domestic from the H2 revenue. Great to see domestic sales move to $32 as it was @$26 so gross sales income at 50:50 = $35.

I believe our Casper has been hugely oversold and we could see peeps wanting to jump back on the bus today as there’s nothing sinister and negative in this set of accounts but I’ll caveat that with ‘under the influence’. Have a proper read of the P&L after a Kip :)

On cue, FY accounts out as Nurse Daniela brings in todays menu :)

To add. What is KOs strategy here ? He continues to load assets into the Casper shell as opposed to keeping them outside and doing side deals with his fellow Kazakh cronies. CASP is simply a tax efficient funding tool to exploit any assets he can get control of. To sell the barge when they have a desk for $15m net and likely more biz to come from ENI ? Begs the question is that deal guaranteed or has cash got that tight that they need to shift it. Yet again we’re in the dark and have to speculate as to why. One thing I do know, KO is putting a lot of eggs into 1 basket. We have no idea as to his real family wealth, we don’t know his current political position under the Tokayev regime and one could argue that if he’d have been really well connected he’d have won the BNG licence appeal and retained control of the 3AB. Lots of unknowns but Casper may be the Orazimans only real vehicle to real financial success, the No1 asset in their fiscal strategy. Our KO converted the $6.2m debt to shares and embarked on divi strategy, he’s a loser in that game currently and he continues to invest into the Casper vehicle and his big payday comes from its success and eventual sale. Why create the Director incentive scheme, why go on the divi program only to pull it ? The Orazimans need Casper to succeed, KO isn’t getting any younger and I’ll stay invested and follow the money until I see real reason that changes that view.

As always DYOR always applies but I’d like to do a lot less if they were a little more transparent :)

CC,

All fair questions and I agree that Block 8 doesn’t make sense and why give it a way. Nothing will make sense unless we get the detail. Personally, it’s all down to funding and risk. It’s obviously not easy geology and the Orazimans/WCP don’t want to take more financial risk. It wasn’t long ago that Casper did a placing for £1m that surprised me for a wealthy bunch of Kazakhs or should I say caveat that with ‘alleged’. Grant you it was during Covid but only £1m and unnecessary dilution ? 3AB was a basket case and it went from all agreed to write off and all of us had to take it on the chin. Same with most of the Casper assets, we’re in the dark and that has to change.

There is no institutional involvement ie Funds etc that would dilute the autocracy and challenge sone of their behaviour. If the large PIs, actually all PIs were committed to this investment, they could form an investor group that could carry sone weight but as we all know many PIs don’t want to be insiders and to be locked into an investment. We hold c 15-20% of the pot and are treated poorly, that will change.

As with recent shareholder questions in the absence of f2f AGM, the board responded so I suggest it’s time that we draft all the important questions whether strategic, operational or financial and press for a better relationship and sone transparency, got nothing to lose.

Hopefully accounts out today before I’m into my next dose of meds ;)

Good post Joe.

Expected, expectations, favourites in the book of Carver. Detail is sorely lacking and always has been so hopefully this changes. I believe if you asked your questions, you would get sensible answers, worth a go :)

Don’t believe we wait long for resumption of trading. I’m back in hospital sadly do have plenty of time to interrogate the financials.

Un,

Hopefully we don’t need to bring it to a head as that damages those who are holding the stock inc me !

Yep, they could’ve achieved in excess of 3000bopd on the day of 700-900 announcement but you get my drift.

Try the other one, fully intending to pay the quarterly divi when discontinuing monthly. Will be interesting to see the cash position at that juncture to make the statement that they’ll continue payments but as always .there’s that word ‘expect’. As we all know there’s a long list of Carverspeak but I’m sincerely hoping this is the last time.

They wanted to attract new investors like Blue Mango as an example who was attracted by the Divis but now they blot their and his copy book, probably the same for Kheldar and other new names.

Getting boring now, time to get the positivity back on the agenda but not with Carverspeak ;)

Quite simply, it’s time to rebuild with ‘ACTIONS’ not words. 4000 bopd from Lady Gaga, 1000 from New York and $22.5m from Captain Pugwash. All possible and in play, yoke to do what they get paid hot :)

Un,

The crap comms have to stop. The 3k+ bopd statement was incorrect as they’d have needed to be at 2201 minimum to make that statement factually correct and as you say, he has form on his misleading comms but it will stop.

Only 3 months ago they were at £195m m/cap as investors waited for their divi payments and hopeful for a positive operational update. They advised they were going quarterly when we all know, how could they pay if they didn’t have the cash ? 142 success wouldn’t have filled the coffers enough so where was the cash coming from ? CE maybe but I’m sure the FY accounts will show us the real picture. As stated, NO MORE BS or it won’t be salary sacrifice that’ll be the concern, time to dust down the CV!!

Sentiment was building nicely post divi declaration with new players joining the game. The lack of success puts pressure on and out comes the BS and continued damage to credibility and sentiment. Yep, they have the assets, yep, they probably will convert a deep at some juncture, build the production and charter/flog the barge, go onto Block 8 and maybe achieve success there BUT the BS stops now.

Upside in play but no investor should have to be misled and obfuscation continuing.

Hopefully accounts signed off today and we can have a really good read or is that interrogation. Have 21 accounts printed out ready for a comparison :)

Cc, yep I was off my titties for a short period on the 30th, I wasn’t talking about that AGM, the previous but obviously not as Block 8 only announced in 22 Interims. I’m sure that questions were asked about dilution to shareholders and one of them was relating to continued drills on Block 8 in a case of continued failure and discussed on here or/and ADVFN. Some homework for you to trawl back and see if correct or not :)

My concern, focussing on other projects before they’ve sorted the immediate priorities at BNG. Our Mr Shin has had a shocking 9 months with the drill and time for him and his team to start reversing that trend.

Hopefully FY accounts tomorrow and some time to read in detail before trading resumes on Friday probably ?

TT

Definitely communicated. AGM or maybe a response to a question, trying to find the detail. The question was posed ie KO using Casper shell to keep it going so what’s the limit on activity ? They couldn’t afford to do it anyway unless they start to build the cash from prod or CE.

They’ll only drill 2 wells max on B8 in a failure scenario, they’ve already communicated that so no more money pit exploits. If mo accounts today then tomorrow and I’m sure they’re not wanting this to drag unnecessarily,

Looking forward to more timely accurate comms or as my old Headmaster used to say, ‘woe betide’ brandishing a wooden cane !

Cmon Clive. Let’s be havin the FY accounts today and resumption of trading tomorrow ;)

As posted on ADVFN -;

Presentation as expected, nothing much that’s news. Production ytd in 23 is averaging 1960 and Clive stating c2000 currently. Don’t know how he got to his 3k bopd with the additional 802 volume as the top end would’ve only taken volume to 2900 . He’s got the message in comms and it’s now time he gets it right otherwise it will to be his cost.

802 still being cleared. All we knew was that it was being stabilised and then needing a part. Crew are back so we need to understand the real position re ‘clearing’.

They can’t pay Divis unless they restore the production from 141/142/150 before spudding 155, that production is a priority. Also the CE cash ? They’re in a strong position with $15m net banked for next year with the likelihood of more to come so they don’t want to be doing the wrong deal now ! Is the current $22.5m going to happen ? if so, I assume they pay a divi ?

Block 8 - great to have the opp but no drain on cash flow til 24 so now is the time to deliver their targets ie 4000bopd on shallows, first deep prod from 802 and some CE cash.

Next, FY accounts and important to understand what % of sales to the MRs as that’s our most profitable outlet :)

…lol

Https://wp-caspiansunrise-2020.s3.eu-west-2.amazonaws.com/media/2023/07/CS-2022-AGM-presentation-30-6-2023-Final.pdf

Having cover is a good point. This suspension is giving them a little more time to progress operations. If they do have a deal for 50% and the issue is getting paid then it gives Casper a little more time to conclude matters or push it out of bed and move on.

TT

Paranoid….lol If the natives with a few 100k/m shares were paranoid I don’t know what you’d call the WCP…lol

All the big boys are still on the airplane waiting to take off but were waiting to take off but somebody’s nicked a few parts, back to the hangar ! Like a game of monopoly but we’re picking up ‘return to go cards’ let’s hope it’s not ‘go straight to jail’ !

No good having alleged world class assets if you’re not competent enough to convert them into value. Their credibility was shot anyway, they now need a few positive results to kick this off AGAIN and it’s amazing how short investors memories are. 802 at 1000bopd+ eith healthy reserves is company changing so o gues that’s No1 priority with 2 other wells, 141&2, forget everything else. Convert the valuable assets, stop going the hokey kokey as all investors are fed up with hearing the excuses !

To add. Our KO did the equity swap $6.4m converted and at this juncture the Oraziman clan are c £3m adrift and I’m sure he’s not best pleased and will be wanting things to get back on track asap. The barge deal facilitates a one off divi and all sorted BUT we/he needs long term shareholder value that comes from the black stuff in the ground.

Yep, tighter Audits and additional controls/regulation, I’m 100% for that.

22 accounts will be best to date even including the 3AB impairment. 23 ytd ? Production total should be c 375-400k but I suppose that depends on whether any 802 contribution made it to production. Should be profitable but the CAB position will be tight for reasons discussed but 2k bopd is plenty to run operations without the added divi burden.

Didn’t the cash in the tight places to get best bang for our buck. If they thought they could support £10m divi outflow each year then they should easily be able to run an active operational campaign, even with cost and supply chain issues. Doesn’t need much to turn around sentiment and they just need to spend time geting that right. It’s a crazy situation as we all know because 802 is a massive sentiment changer snd a trigger for new investors who haven’t lived with Casper cr*p for x years. Still all to play for.