Roll the dice again20 Feb 2020 11:57
I have been so negative of the company of late so I have spent time reassessing my investment here. Why shout my mouth off on here when things aren't going as I thought it would as it's just not me.
The answer is that I've been lazy in my research there's no 2 ways about it as while I understand to a certain degree the timeframes involved I have not looked that much into the complexity of these deep wells in this area so have taken some time looking at whats around us .
There is no doubting it's one of the world's hardest places to drill. Depth heat and pressure is just some of the problems here which all have had unbelievable problems with so it has huge affect to the timeframes in getting the fields up and running.
The company comes out with A5 or the other deeps have problems but do we understand what is required to sort it out . The very fact that the wells are over two and a half miles plus deep and they have a problem and here's me thinking it will be sorted within a few weeks or month especially when Caspian has to get everything authorised and get on site .
Classic for me is the acid needed to be authorised to be used on site yet i had no idea something like that would need it yet that pushes the timeframes back and that's just one item so pretty crazy when you start looking at the bigger picture. The truth is I am wrong with lambasting Caspian concerning the deeps through my lack of knowledge to just what's required to bring them online .
What I'm not wrong about is communication and the fact it's very poor from Caspian and something has to be put in place to rectify the situation. I am no expert and therein lies the problem as guessing is not good enough and we all do a lot of it . We say this or that is going to happen but in all truth it's probably wrong .
Caspian is not perfect but what company is, you place your money and the gamble begins and some would say an educated one but a gamble nevertheless
Let's see what happens over the next few months. Gla.