Member Info for smasher

More importantly perhaps is that it demonstrates the management's belief that the very large quantities of high quality oil believed to be below the salt barrier are recoverable".

Very happy with that news and won't take long to sort out the rest of the deeps . Producing nearly 3000 bopd if A5 is sorted and we move on. 7 weeks and fingers crossed another producing well on mjf and 4 weeks later another.
So i think we will get news every couple of week with what's planned.

Can they flow these deeps and I must say it's looking very good

A5 looking good so roll on the other deeps.

Well at least we know the market has not priced A5 in and I guess till they have confirmation it on test you can totally understand why after last time. Roughly £ 200000 In just 5 days after taxes already made from it and it will increase so they say.

Mjf has 3 wells being drilled as well . Happy day then with loads of news over the next few months .

Got to be close to being ready after nearly a month . Mjf spuds must be ready or have already started. Basically a Shi. load of news coming our way over the next 12 months with 18 wells to be done plus the deeps and an international license then dunga. New storage and transportation ( pipeline) or whatever they come up with.
Looking forward to this year coming so let's hope A5 is the start of it.

That RNS was just a wake up call to the market , why give them info that it's been flowing for 4 days and at such and such a rate when they could have waited till actually being put on flow test at a more stable rate.
We all knew with 4 deeps drilled the possibility of get one to flow was very good especially as all around us have done so but does that say a solution has been found and I don't believe it does at the moment but having a second one go on test will give a lot better indication to the market that Caspian have really got a solution that's working after all these years.
Once getting them to flow really does start you thinking of just what the ... have they found quantity wise at possibly 58kn across BNG and that's without drilling deeper to where they think another play is and looking around us you can understand why.
Put it this way Caspian have hit oil with nearly all wells they have drilled which is pretty outstanding .
They have the oil have they found the key to unlocking it.

Should have put of course I will be selling in batches on the way up haha.
Bring it on as coffee would say .
Done my trading so time to sit a watch how it pans out.

No one knows what the share price will be . 20p or £2 pounds could be anywhere between as we will have to CPR BNJ and MJF this year and it's a fair old size.. could be looking by year end off between 10 and 15000bopd so I think you can safely say it will be well beyond 20p .
With more deeps this year as well and fingers crossed can prove another play below what we have across BNJ then hey 50p would be extremely cheap.and many lth have a few ride .
Stick 20p where the sun don't shine is my thinking.

What's your gut feeling on oil at that level when you consider around us have found at the same as us and below . My gut is telling me oil is there but nowhere near like our neighbors but still a big find.

Around Caspian have huge oil plays at that depth. Caspian believe this play at between 4100 and 4500 is around 58kn so if a find below that extends the same does it come under the same license . One international license for everything .

If we drill down to full depth on the next deep ( 5300/ 5500 and find more oil would that come under the same international license as A5/A6 as new play.

Just don't bugger up the deeps this time as all four in play and worth a small fortune to Caspian to which we will find out with a CPR this year . At possibly 58kn in size that's some oil in the ground and really hope this next drill will go the full depth to see if another play at around I think 5200mtrs. If more oil at the level then it's hard to get our head around just what they could have .

Local price $26.00 which is a big improvement as well . Makes a huge difference to Caspian but you can be sure they won't want that price on the deeps so will get A8 and 801 done as soon as possible to put them on international prices. Not in Caspians interest to hang around.

Enjoying knowing we will get a few rns's possibly next week on updates and production numbers.
Could just catch a few out here knowing what happened last time over the few days.

Imagine if they get A8 flowing over the next few weeks , 3 weeks ago it needed a clean and more acid treatment so should be well it that by now. Then 801 and A6 .
Mo
Hope your enjoying this mate.

Didn't they run it for around 2 weeks last time before telling us it was going on test. Anyone else think this is going to flow above 2000bopd before test. Don't get me wrong I would be happy with 1500bopd after test . So much news to come over the next few months it's mind boggling (18 well on mjf this year alone plus the 3 other deeps being work on and New deep drill as well.
All I can say is bring it on.

Don't know many oil companies close for Christmas do you . But merry Christmas to them as I'm sure they will be over the moon like us ( and a bonus I bet if it A5 complete it's flow test.
Fingers crossed the first of many this year.

Weather I can't see hampering the deeps whatsoever as all drilled so just need baker hughes to work a bit of magic.
Fabulous news on A5 but I understand why the market is cautious as we all are . Has the solution been found for the deeps and you have to say it's stating to look that way .
One thing I don't want is for them to rush and bugger them up again. A8 next and fingers crossed they have cleaned it up and is close to test as well. Next few weeks and months could be what we have been waiting all these years for.
Sitting in my chair very relaxed knowing more deeps are being worked on as we speak .

Grace us with some news this week casp as I had my wish .