Member Info for SmartyP1

Let’s hope the UBS deal calms nerves :)

Going to find out shortly whether UBS £1bn accepted or whether SNB have resisted. I don’t see how they can as they’ll have no bank tomorrow ! Hopefully contagion averted or a very volatile time for most equities

Market strengthening on tiny volume. Was 6.56-6.66 on open and weak bid but now 6.76-6.89 and bid far stronger. Could be making a move through 7p this afternoon ?

You could also argue that the banking situation is very serious hence the banks pulling together to avert the contagion which is more real than many think. I guess we’ll find out soon enough.

I had a very painful experience being a Lloyds investor pre the last crash. A nice accumulation of stock accumulated over several years to see it destroyed in the crash. The forced acquisition of HBOS destroyed many investors who were shafted by govt policy at a time when the entire financial system was at the precipice !! Investors were lambs to the slaughter and still riles me today.

Moving on, looks like the global institutions are working in sync to avert contagion and nobody is being thrown to the dogs regardless of poor leadership and mis management. Could see people coming back to the markets if stability continues and who knows, Caspian might issue good news in an environment when peeps feel it’s safe to load up. Would be nice to see sone fomo buying tomorrow ?

What we want is the flaring licences and the satellite watchers highlighting the fact that 802 smoke is causing airlines to avoid the area ;)

Have they cemented the liner and drilling on to TD. I’m not the technical one so asked questions of others who are. One of the responses makes sense and as follows -;

‘Yes, in theory I think they could run and cement the liner, and then drill on - however, II'm not sure what hole size they have, other than that it will be one smaller than the original well was designed for. Because of this, if they wanted to still reach the original target, they would probably do better to weight up the mud to stop the flow, and drill on, rather than stop after 100m and line that flowing section. It would risk formation damage, but at least they could access the target.’

Quite possible that they are doing this but if they are, hopefully they perforated the shallower zones first and a commercial outcome .

Back to the shed.

https://www.swissinfo.ch/eng/business/where-did-it-all-go-wrong-for-credit-suisse-/48269536

CS been on a downward death spiral since 2009 and probably biggest investors Saudis are saying no more.

No surprise that they’re in trouble.

Ole CS looks messy ! Peeps are running for cover and creating their own crisis. Thankfully our Casper doesn’t bank there :)

Looks ok to me, especially when the bank failures are wobbling the markets. MMS are short of stock so hold on to the Caspers.

I added BARC today, 20% down since SVB failure and will hold for Divis.

Will we see FOMO kicking in as various news items are getting nearer. No guarantees on any drilling outcomes but they have had good success with MJF shallows so hopefully they have a good chance of restoring sone production plus continuing to workover and spud new wells.

The bid is of the scale at over £100k and looks like this is ready to ping. Don’t let the MMS, have your stock, there’s a Casper shortage as news starts log jamming and the likelihood of some positivity.

TT

Rhertig, I’m with you………lol

JS,

The last update on shallow prod was 22/12. The CC statement after 802 was ‘in excess of 3000bopd’ so that doesn’t necessarily mean depletion. I think 3100-3300 is in excess of 3000bops, you know our Clive is not to good with the stats.

With regards shallow update on 141/142, yet again we’re in the dark and speculating as to progress. I also believe that they were finishing 145 workover and where are we on 155. Also the first SY horizontal well ?

We’re in mushroom mode, all speculating the true state of affairs and waiting for the next episode of Carverspeak.

I’m focussing on what I know and hoping that the info in the public domain is correct ie
- producing 2400bopd from shallows and hoping to restore to 4000bopd capacity by end Q1
- 802 production at 700-900 is indeed production and has added to the 2400bopd and possibly more after perforations and flow test
- $15m net minimum from CE most welcome
- making profit and funded to execute an active drill schedule for 23 and onwards
- Drilling Block 8 next year

We’re all speculating as to the true current position but one thing I do know, our Casper is in a far stronger position than it’s ever been in and providing the cash cow MJF continues to deliver/increase, the shareholder value will build. Oh yes and oil prices are sustained.

In the dark but hopefully some enlightenment is not too far away :)

Where are we with 802 ? Diver, you could be right hence the lack of flaring discussion or smoke over BNG from the satellite watchers. Maybe sidetrack plugged and drilling on to TD ? Have asked the question of peeps who are far more technical than I to see whether that’s possible. 802 is meant to be our best cos but somebody is obviously interpreting the seismic wrong but probably using previous Soviet 2d interpretation. Finding oil 4-500m+ pre the intended pay one ? If the Soviets had blowouts , they’d know the depths but obviously not at the levels we’ve intersected ?

Still can’t get away from the the 3000nopd+ statement for BNG. You wouldn’t state that surely unless you were very confident of producing from this interval (s) but this is Caspian !

There was a load of buying post divi announcement and much that a % of hot money has moved on, I believe we have a much larger investor base as a result and that will continue if the first quarterly is paid.

Back to box hedges but nothing as good as a Leylandi to keep out the riff raff ;)

You boys are definitely bored. DM, grounds ? that sounds very palatial ;)

The extract below is from the last deep well update on 30/1 and over 6 weeks have elapsed since. They had 100m to go before perforation so I think we all know that that should’ve been accomplished and there should be news so what is going on ? This well has the highest cos, the Soviets had experienced blowouts on the same acreage and we have Baker Hughes as part of the process. The commentary below was very positive ie stating that the production at BNG inc 802 is 3000 bopd+. Stating the bleeding obvious I know but they must’ve been very confident at time of publication, especially after all the previous ‘egg on face’ announcements.

We’re all in the dark but the longer the radio silence continues, the more jittery investors become. We’ve had a major sp bounce , almost 2.5 bags !! from the depressed sp of 2.5p ish in November. The catalyst for change ? divi news, continued stable production and healthy oil prices, 802 success, CE charter and active funded operational schedule. Sp has now retraced c 25% from March high and we’re about to see another trading opportunity on good/bad news. If 802 is positive, the sp flies and will continue to do so as a result of the active operational schedule and associated hype. Poor news and it retraces into the 5p range before bouncing again as a result of the active operational schedule ongoing this year. I’m not expecting ‘terminal’ poor news on 802, worst case more probs and if that’s the case, there’s going to be a 30% trading opp minimum following the retrace as peeps reset the clock.

As stated, our Kuat is all in. I would like to see our Clive go all in but as we all know, pigs might fly. I’m following our Kuat so let’s be having that first deep success :)

‘Current position

Approximately 100 meters remains to be drilled to complete the side-track. Nevertheless, after encountering strong gas flows the well has flowed over a period of 3 days at rates fluctuating between 700 and 900 bopd measured on an open hole basis.

Work continues with Baker Hughes to stabilise the well. Once the well is completed it will be perforated with the prospect of potentially higher flow rates.

The current production from Deep Well 802 brings the total production from the BNG Contract Area to in excess of 3,000 bopd.’

Un….lol

Knee plates out but now not knee, hip first ! Fed up and Yeo spending g to much time sorting admin. Finances and yes too much time watching Caspian. Apologies to all !! ;) can’t wait to get fixed but that’s 23 done. Looking forward to 24. Travelling, sport and moving . One day Rodders.

Forgot 802, oops. A hugely important well for Casper and all invested but not the end of the world if there are issues and won’t be a surprise but hoping it’s the catalyst that gives them the confidence to convert the NY appraisals and more importantly the Crown Jewels at Airshagyl. The prize is huge, the 50bags+ from the bottom are still in play and I’m staying to see the conclusion. 16 years invested come July so what’s a few more years !!

Caspian is in a far strong position from a fundamental perspective.

- 20/21 they were producing 1300bopd and prices shot as a result of Covid. Much that prices increased as a result of Putin, that was short lived as Urals discount kicked in
2022/current, production increased to 2400bopd, temporarily to c 3600bopd with 141/142 success before water issues . Results on remedial work due end March and possible return to 4000bopd capacity without 802
- Achieving higher net backs as a result of change of oil sale strategy. Oil exports terminated and sales through new route ie Mini refineries and continued domestic. Net backs achieved at $36 from MRs as limited costs and domestic at $28. If production sold at 50:50 ration then net backs at $32, far better than the export route. Also mitigated risk of CPC pipeline closure affecting oil sales.
- oil traders removed from sales process which will add $5-10 but I believe this only applies to export so no benefit yet. Maybe it affects domestic sales, don’t know but not MRs as oil picked up from site
- barge income of $15m, possibly $30m if first well successful and who knows, continued work as wells developed ?
- More assets, rigs. Block 8 exploration, appraisal in 24. Minimal dilution as no equity/cash swap, just drilling costs
- exploration at SY via horizontal strategy

The financial case is much stronger allowing the payment of divis and I look forward to reading 22 FY accounts come May.

Orazimans have increased their stake to over 1pm shares and latest move to convert his $6m debt to equity was a huge buy signal, The Kazakhs aren’t selling, maybe share movements between the WCP but they inc the Al Marris are all in and waiting for their ultimate payout, a trade sale but will do very well via divi struction whilst the journey continues. I’m following the money and I believe that we are all going to have our day in the sunshine :)

Hopefully all invested have read the last WHI broker note and comments -;

https://www.caspiansunrise.com/investors/analyst-coverage-research/

If not, you can sign up with Research Tree

Also latest update following last news

‘ As exploration and drilling pick up with rising oil prices, we anticipate increased scope to hire out the Caspian Explorer drilling rig. We remind investors that Caspian Sunrise acquired the rig counter cyclically at the bottom of the commodity price cycle.

The annual dividend will remain unchanged at 0.5328p – the current dividend
yield is 6.9%.

We believe Caspian Sunrise is on a solid trajectory of shareholder value creation.

Entreprenante,

Been out playing games ;)

Re WHI, latest broker note in Feb after 802 and broker comment last week after barge update.