Member Info for smasher

Well 801 almost ready and just letting the pressure build up ready for test . Should be before Christmas then if you look at the wells around us..<br />A5 would they not just drill around the the metal like say 20 mtrs, know expert so just asking . Just one and away we go.

I work that out to be around 129 million profit at $32 a barrel . Looks like next year it will increase substantial again looking at the wells next year. Just my opinion of course but think these figures are not far off but you need to adjust for oil prices as and when and if up even better.

I apologise I haven't taken Ubima into account, so I will take 40% or around 1000 bopd as it stands . The Ubima well might produce considerably more oil than that . I work it out to be around 10,200 barrels or over 11,000 bopd attributed to Eland altogether if you want to take in the extra percentage on this well.

To me that reads 3 companies and if so then my calculations are not far off. Rougly between 9150 and 10000 bopd . And at $32 a barrel profit . At $40 a barrel profit gives around 135 million a year and rising. And the 450000 bopd was a combined estimate from the company of the fields . New to the share so going through it bit by bit mate.

Not sure mate . It clearly states

On completion, the 45% interest in OML 40 will be held by Elcrest, a joint venture company of the Partners, in turn held 55% by Starcrest and 45% by Eland. The Nigerian National Petroleum Corporation holds the remaining 55% interest in OML 40.

Chaps am I correct in saying that if output goes to 45000 bopd then Eland get 9120 bopd . So at today's prices roughly around 105 million profit. If oil goes back up to around 65 / 70 dollars well need I say anymore. If I'm wrong please point me to the correct percentage Eland have across it's fields. Cheers all.

Trades really. Haha .

Sorry not get back to you, and yes that's how ise it but that's just me.. Caspian know exactly what they've got in the 2 deeps to date or why keep spending on them as by now they would be plugged and moved on to these new wells. You don't spend 5 months on 2 wells at huge cost for no reason especially as you know a5 has been flowing at 3800 bopd which also happens to be almost exactly the same on tengiz on their first wells.

Don't hang about do they.

To me it's all about international prices for sure as other things lead me to that conclusion .

Sounds cynical but they didn't have to mention this in the sentence ( shortly after the receipt of the MJF structure's full production status.

We have also identified the site for new shallow production Well 147 to be drilled on the MJF structure shortly after the receipt of the MJF structure's full production status. Says everything to me. Would have just liked the company to have got at least one of the deeps flowing before Christmas and on test .

Do your f...ing job Clive that's what We bloody pay you for. The shareholders are seething at your incompetence to keep us informed . All around Caspian have managed to get the deeps flowing but your so called expert crew just can't do it after ( let's face it years of trying . You could of drilled 2 new deeps in the time it will have taken you to clear a blockage at A5 yet your company has the audacity to call them experts. The only expert thing they are good at is constantly getting it blocked . If you can't see what's in front of you then you are not fit for the job and have let the shareholders down.

How much longer to drill out a bit of metal as it's been nearly 3 and a half weeks . Absolutely know way does it take this long as operations was still going on . If they can't drill a bit of metal in over 3 weeks then God help us on them completing the 3 new wells. Let the international contractor complete these wells and keep your fly by night crew as far away as possible ( shallows) proven beyond doubt they're just not capable of completing a deep well.

Grabbed a few over the last few days after reading info on company. Looks very interesting especially coming up to year end with this.

Following completion of operations on Gbetiokun-1, the rig is intended to move to the Gbetiokun-3 well which has multiple appraisal objectives and is planned to be completed on the D9000 and E7000 reservoirs. Production testing of the Gbetiokun-1 and Gbetiokun-3 wells will be carried out after both wells have been completed, currently targeted for before the end of the year.

Initial gross production through the Gbetiokun Early Production System ("EPS") is estimated to be approximately 15,000 barrels of oil per day ("bopd") (6,750 bopd net to Elcrest).

For me I'm just passing through as I'm wanting to retire ( middle of next year fingers crossed and knackered playing this game. I believe if above comes in then Mr m has little choice but to realign the shareprice to reflect the production figures attributed to this company. We are not talking loose change here . Am I correct in say around $40 profit pb.

Looks a good company so got nearly 10k worth at 1.03 . Looking poss to add another 15k but doing some more research. Nice rns today as well and year end looks fantastic. <br />Sorry chaps was just asking coffee to have a look at it. Coffee I would be over the moon if casp get to that price and certainly not impossible as Caspian have 100% of the fields just need the deeps to start flowing. Thanks for taking a look.

Did you take a look at ELA.

Yawn yawn yawn , you keep on saying it over and over in that head of yours even though you're not even invested in the company. So much time wasted by you on a company you don't believe in when it could be spent with family so tell us again about fools. I'm pleased you have made money on other shares but don't you think many here have as well.

Just remember this could just as much become a mid tier oil company as well. No one knows it's that simple and guessing won't do f....all to change the outcome. Risk / reward .

I brought a few shares in ELA today as it looks very interesting . You had any dealings with them mate..

They are producing 1750 bopd they are working on 2 deeps to bring to production, they have international prices in the first quarter just explain the bankruptcy to me and if they are so hard up why they paying contractors to do 3 wells as you would wait till at least one deep is flowing. A8 to spud November.