Member Info for SmartyP1

Most of these will probably be answered come release of FY accounts but some will apply.

1. Why are comms inconsistent, contradictory and misleading, giving examples .

2. Why launch the divi program and then leave investors high and dry with zero communication

3. Why are you selling the CE when you have secured a lucrative contract in 2024 that’s likely to yield repeat business

4. What are the current issues with the shallows ie no progress since 142 announcement in May 22 ? Investors need to understand if there if the quotes 5k bopd capacity is achievable

5. Why no work at SY. Communicated a horizontal drill to explore new structure and no progress

6. Why are you drilling 803 ahead of A7 when it’s at 2300m already

7. Why no update on Block 8, new rig and all operations as communicated

There are loads of questions but the biggest one is communication. Expectation setting v reality are worlds apart. Maybe good to cite several examples of the shoite comms and what they’re going to do to improve them before investors start to complain to the regulatory bodies, something that won’t benefit anybody BUT they do need to change their approach !

I’m expecting update to be a real mixed bag. Strong H2 numbers and best financial performance since incorporation. NetOil prices received inline with expectations but selling more to the MRs. Poor show on the operational front but 802 still alive as why drill 803. Not expecting a gusher, more of a 500-1000bopd producer. Shallows are obviously a challenge and hopefully we get to see the reasons why and no risk re future depletion and erosion of continuing income. Block 8 DD completed and work to start 2024.

Investors are already expecting the worst but the bad news has been priced in and will take an awful update to send this lower. If the assets are stil in play and maybe Block 8 added, the story goes on and the CE cash is or could be great news to ensure we move on and pay the Divis.

I’m under the knife tomorrow so knowing my luck, the news hits as the anaesthetic kicks in…,lol, probably not a bad thing and I wake up to Ricjeteers 42p or was that 0.42p !!

On a serious note !

Last update ‘ Work continues in the preparation of the 2022 financial statements, which are not now expected to be published until towards the end of June 2023.’

I was expecting to see them last knockings ie tomorrow or who knows, could even be Friday am. They’ve always released FY accounts at 7am for the 26 years they’ve been in business, actually 7.01 am for the first publication, fashionably late !

Those going to the AGM need to start prepping for question time.

Morning Mike,

Slightly adapted but id thought it best to remind you, never to fly over to Kaz in a 3 seater with Somm and CC ;)

Or was that Rumba Bumba :)

In the deepest part of Kazakhstan, 3 invrstors are captured by the local oil tribe Caspian and held captive in an an oil shack. They are shaking with fear when two roughnecks haul one of them out and stand him in front of the big chief Kuat. All the roughnecks are baying and suddenly silence falls as the chief rises and says to the first investor........'death or rumba bumba'.

Thinking nothing can be worse than death he opts for rumba bumba and with that the chief rises and screams 'RUMBA BUMBA' at the top of his voice.......the crowd go crazy then from out the crowd emerges Mr C naked as the day he was born, armed with Ginsters and proudly displaying the largest manhood imaginable. He takes the investor bends him over a log and proceeds to do the unmentionable to the poor chap. 5 minutes later with the crowd going mad he returns on all fours to the shack.

The remaining two investors are terrified as he relates his ordeal. Two more roughnecks appear and haul the next one infront of the chief and he is given the same ultimatum..death or rumba bumba. He quickly decides that if the other guy survived then so can he and opts for rumba bumba. The crowd go wild as the chief rises to his feet and once again the Mr C appears and bends the chap over the log and the unmentionable takes place.

Barely alive he drags himself back in to the shack and by this time the third investor is shaking with fear. The two roughnecks appear and drag the last investor out infront of the big chief. 'Death or rumba bumba' says the chief.....and having seen the state of his two colleagues decides no way ..he cant do it and opts for death. The big chief rises to his feet and yells to the crowd....DEATH ............. BY .. RUMBA BUMBA

£3m !

Wouldn’t surprise me to see news tomorrow pm or at 11th hour on Thursday.

Nobody has a scooby as to what’s going on and sadly, that’s down to the company who never learn. PIs aren’t important and irrelevant in this game hence the poor comms. The company stated they wanted new investors and dividend program was part of that plan but in truth, it serves the desires of the big boys who have already received £7m between them and I’m sure they’d like that to continue. They’ve stated that the CE cash is to be used to develop assets but they also stated at the last AGM that the CE charters would create special dividends so why not now ? If they get the cash, we’ll get a larger divi as why wouldn’t the big boys not want that ?

Here’s hoping for some positive surprises in the latest episode of Carverspeak.

I’m hoping that there some positive news and a huge bear squeeze coming and the cash on the sidelines will need to act very quickly to get back in at a sensible price. Wouldn’t it be great to see fantastic news and a huge gap up at open. Unlikely but it’s happened before and I for one will be be helping to move it on :) Those alleged savvy investors with cash on the sidelines, good luck with the strategy but I hope that you’re going to pay the price for sitting out. Got to be in it to win it and all have to play our own game ;)

The sp is deflated as is all the hype on the discussion boards. The current bid is weak and the market obviously wants to see last weeks low before bouncing again but that depends on next update tomorrow or Thursday.

3 months ago the m/cap was $240m and now we stand at $110m, that’s a 54% decline and based on what ? The intraday high in March was 8.6p and we were on the cusp of going back to double figures as the assumed active operational schedule would deliver good news, that and the dividend to push us into a new trading range. So we’ve lost 54% of our value on the fact that they’ve lost 400bopd, no progress on 141/2/5 and 155, no info on 802 and the divi situation ? Poor communication has been the key reason for the sp crash and as far as we know, throngs may be far better than we think but by leaving us in the dark, it’s caused the fear, uncertainty and doubt which has led to the current position. I really don’t get why their comms are so poor but it just compounds the fact that they don’t care about PIs. The big boys aren’t selling, it’s the PIs who dictate the price for Casper. If they wanted to raise money, they’d want the sp up as it avoids unnecessary dilution. They wanted new investors and divi otogran was part of that but to go into silence mode ? just leads to more FUD as to what’s really going on.

So where to next ? Obviously many PIs have sold out or maybe been squeezed out. Those who have sold maybe betting on shocking news and an opp to get in cheaper, others maybe liking at the technicals as we’re back on the 4p shoulders and which way next ? Obviously something has gone awry for them to go radio silence mode and cash flow must be part of that. I take the view that on paper (as far as we know), they’re in a far stronger financial position than they’ve ever been in and they have CE cash landing that wil improve that ensuring they can fund future operations plus pay Divis. Silence creates uncertainty and investors start to worry and hey presto loads of selling. Going to find out the true position over next couple of days and those going to the AGM need to ensure that all the important questions are asked. As I said, the WCP are all in the game and they want their payday so hopefully the fact that they’ve not sold down means there’s a fair chance of some positive news in that jamboree bag.

Tick, tock.

Volume tiny as PIs aren’t playing the game and waiting it out. Bid is weak and another tick down coming and nobody currently wanting to buy any. Maybe needs to have 4p double bottom to see further interest ? News ? Probably Wed or Thurs earliest, leaving little time for proper probing of FY accounts .

The geology is difficult otherwise we’d have had success over last 10 years. The closest result was A5 which flowed for a reasonable time at a reasonable rate but they can’t resolve the blockage conundrum. They’ve sunk $100m into the project to date and continuing with 803 to satisfy licence requirements so they must have seen enough at 802 to continue. Meant to be the best COS but are the crew also up to the task ? Sinopec drilled 801, Baker Hughes helping as consultants so probably geology not resource issue.

Block 8 ? deep success if BNG deep are finally P&A ? They don’t gone to that conclusion until all sidetracks and A7 completed.

Hopefully sone more clarity come the end of this week.

The Wagner rebellion was scary and shows what huge private militia forces can do. Wagner operating in Africa , you have the Chechen fighters with tens of thousands of fighters and many more militia groups. Putin has partnered with Warlords as part of his strategy but hugely scary if one of the largest nuclear powers were ruled by a leader like Prigozhin !! The Russian man in the street is a passive bystander and will have no input in any war unless it was a Civil War. I’m sure China is having some influence in this game as the part thing they want is a lunatic on their border. Scary stuff and I don’t believe this episode is over and our Putin’s foes can see he’s not invincible .

Meanwhile, Casper still finalising FY accounts and as stated, I believe we wait to end of this week to see publication.

BM,

Unfortunately we won’t benefit or maybe marginally on MR/ Domestic pricing. We’re not exporting do miss the benefit of international prices and will continue to do so. It actually will probably work to our disadvantage as will put more pressure on the inflationary environment pushing up costs for all those not exporting oil.

Yep and that would get very messy indeed but extremely unlikely.

Rumours that Putin has scarpered and who knows, maybe his time has come. Huge opportunity for Ukraine to sieve an advantage with a distracted Russia. Beginning of the end for Grandpa ?

Interesting developments and interesting that Putin had dialogue with Tokayev so obviously feeling vulnerable. Kaz won’t get involved, Tokayev is courting the world and Russia’s problems are theirs at this point. How hard will Russia respond ?

https://amp.theguardian.com/world/live/2023/jun/23/russia-ukraine-war-live-russia-investigates-mutiny-as-wagner-chief-says-evil-military-leaders-must-be-stopped

Disappointing trading day as I hoped we’d see a strong move northwards. Suspect that some peeps don’t want to be in for news and don’t want to be in for Monday. Personally, I believe we get news last knockings, Wed/Thurs so still some trading pre D Day .

Thanks Joe, agree with that, just got to get paid soon :)

Shame to see a sell off today but sone peeps could’ve taken 10%+ just from yesterdays buying or could be more leverage squeeze or peeps just wanting out. As stated, will be interesting to see how this trades up to FInals release next week.

That made me chuckle. S for south shsllow and N for deep. We’re all definitely ‘N’ deep here, maybe that’s another way to remember it ;)

And for peeps not to continue dumping !!

Standard piece of kit for oil companies to remove water from oil or oil from water.

Nice to see the sp recovering from the 3.95p low and just needs volume now to kick it on. Time to raid those piggy banks people ;)

https://biomicrogel.com/en/blog/demulsifiers/#:~:text=To%20remove%20water%20from%20oil,formation%20water%20from%20the%20oil.

BM,

Don’t worry about me holding for the end game, I wouldn’t be here after 16 years just to make x amount.

Mike,

I do have the trading pot but I’m crap at letting them go , very good at buying ! This is oversold and as I see it, Casper are doing better than they’ve ever done and if it wasn’t for the Ukraine war, we’d be enjoying profitability, more operational activity and higher Divis. Could be wrong but we’ll find out next week :)