I hope will be that A8 is on the move and all is ok plus A5 sidetrack has started.
A6 and 801 is what it is so just got to wait and see if that technology works on the wells but looks if we have some luck we could get 2 maybe 3 deeps going on test before October/ November.
We get around 544 million after taxes , lifting storage and transport from mjf on the potential of what Mo worked out so very happy with that.
Got to agree that A8 is very much worth this wait before continuing another half mile as I don't want to see another deep having problems especially knowing they could have another big find below 5000 mtrs.
We talk about the possibility of a billion recoverable barrels here but even 200 million barrels recoverable is worth to Caspian 5.25 billion on that split of 70/30 so I'm personally more than happy for Caspian to take it's time on this drill with the poss of having more oil and also higher rates of production from the well ( down the road at that depth they get between 5000 to over 8000 bopd ) so as you say game on .
It's without doubt the deeps here that's going to make a huge difference to the share price we all understand that . Mjf flow rates pale into nothing compared to the deeps which could be from 2000 bopd to 7000 plus bopd . While mjf is very important for us as well especially now we have that license to help push this company forward.
A8 has found a substantial amount of oil which on it's own we would be delighted with across 58sq of the BNG field and now a chance of poss the same again or more at the lower interval and if they come out with the words it's across the BNG area as well ( and they get it to flow) then I'm not going to guess the price . They get the deep to flow and a world class find which is something the market has waited for then poss another deep done A5 or A6 .
Very interesting times over the next few months and I don't believe it's priced in one bit.
CPR on the deeps will have us all chewing our nails so as coffee says
Game on.
Well I think the market agree with the few of us that questioned the Rns and may I say rightly so.
I'm certainly up for new technology to do A6 / A5 but it's how they have presented it to the investor's, to be told one thing and we all thought that was being done from around the 1st of the month to something totally different that could possibly represent alot more time .
We have waited a long long time to get just one of the deeps flowing and every time we get close Caspian fluff it. We all understand A8 and like Mo said if time needed to check the cement job that's great before they continue another half mile to fingers crossed more oil.
Caspian looking to get a rig is another one that could be questioned.
Has that treatment on A6 started as they have had time to get it ready as they are working on this before 801........As at A6 this approach does not require a rig and once started is expected to produce results later in Q3, 2019 unless Caspian changes it's mind once again.
Yes but A6 if it doesn't work we have to wait even longer while just over 3 weeks ago it was cementing bottom to stop water ingress and that would drop the pressure to be able to work better to pref it. They had advice from experts to do that then all change yet haven't even stated work has even started on it yet . It just doesn't sound good to me.
A8 I understand making sure all is good before continuing for another half mile.
The deeps will flow for sure but it's frustrating to have one thing said then change it. Has A6 been worked on at all yet as the work program has changed . Now if this doesn't work we wait even longer to go back and do what you said in the first place.
Am I missing something here that you lot can see .
A8 has gone very well indeed with a lot more oil found and the possibility of a lot more at around 5000 mtrs and we all wait in anticipation for news and fingers crossed should be towards end of August but this is Caspian so expect a little longer.
So A5 could come in around the same time as A8 then which if both flow would send the share price up a few notches or 2 .
Frustrating for all of us but this is oil exploration for you and as many have pointed out we've waited this long what's another few months on the Caspian merry-go-round.
Very frustrating as it just seems to me as you say a step back and more of the same.
The market will not move on this till they can flow a deep it's that simple even if they said a billion barrels find . I'd be very surprised now if A8 is done by end of August.
To me it reads we will have a little go at A6 but A5 is what we doing now. Just do one bloody well Caspian and get the thing to flow . Concentrate on A8 and compete it from start to finish then the next and so on . I don't care if it takes a year to do a deep as long as you complete it to flow or abandon it but complete it . Is Sinopec doing A5 as I don't want the local crew near the god dam thing for obvious reasons. Shallows fine let them drill but all deeps Sinopec or international contractors .
So they are pricing this on mjf alone with absolutely nothing else in. I'll have some of that because in the next few months we could have just one deep flowing at triple what we are producing at this point with poss another deep right behind that as well . Well over 65 million profit on 2 deeps and mjf and that's before 70/30 on the deeps.
You either cut it one way or the other. And not 1p priced into it.
And only a month or so to find out if we have even more oil across the deeps so you keep holding it back Mr mm while keep i buying it cheap thanks.
A8 alone if it has oil deeper and flows like coffee has mentioned at 7000 bopd which is about the same as around us is 48.2 million at local prices before you add what we get from mjf from in Q3: onwards which at the moment is around 20 million.then split A8 70/30 down the line and any other deep . All I can say is if deeps flow it's into the hundreds of millions profit . CPR the deeps.
We are about to find out on the deeps very soon.
It's what this does for the company that's fantastic news and yes while it doubles the profits it opens up the infill on the license to make a lot more profit . Let's not forget the deeps is by far the biggest prize here far far outstripping the mjf. A8 if flowing and more oil found deeper could flow more from that one well than all mjf . Much much bigger picture about to hit this company and this license will help it reach them goals . Now let's prove we can flow a deep and any one of the 4 will do. Absolutely delighted with the news .
Going to be a lot of drilling over the next year across all the fields .