Member Info for somm

Thought so old timer.........

Coffeemug, why do you call everyone who challenges your pork pies Flawless, is that you really - one of your multi split personalities........

No why don't you go to the drug stores old timer and a get a Jonnie Bag, lol!

Coffeemuggin's,

You've been caught out again, apologize to the board for telling pork pies....

Come on post your fantasy RNS, don't be shy Humpty.

Coffeemuggin's,

Once again you've been shown to make it up as you go along.

So come on post this fantasy RNS you've read that shows the G70 rig drilled Block8.................waiting.

More gibberish as per..........back under your retirement rock.

Coffemuggin's,

''-Rig at a7 was taken off and used on another well ( we find out later it was block 8 )''

The G70 rig was used to drill the A8 Deep Well and has not been used since last year, two G40 rigs were used to drill the two deep wells on Block 8 and have since been moved to drill the 803 Deep Well and A5 deep Well.

Where is this RNS that say the G70 rig was used to drill a deep well on Block 8? I won't hold my breath for you to copy and paste it...........

Keep making it up, humpty.

Gaffney Cline (GC) estimated the SW block to have Gross Prospective Resources (U1/ U2/ U3) of between approx. 2 million and 15 million boo i.e. the Gross Prospective Resources are 100% of the volumes estimated to be Recoverable, our smaller South Yelemes reservoir is probably similar in size (produced 400k+ boo since 2010 - MJF has produced 2m boo since 2016).

In CASP's Q4 2023 Presentation it says they are getting $33 pboo net per mini refinery (MF) barrel and $28 net for a domestic oil (DOM) pboo - average approx. $30 pboo - with a $34/ $32 Headline Price for RF/ DOM and $34 net pboo for international oil with an international oil price at $93 pboo. Interestingly they say they are paying $1 pboo tax on RF/ DOM and $9 pboo for DOM transportation and no transportation costs for RF pboo - so they're getting $33/ $28 net pboo - obviously this can change as the price of oil rises and falls.

If the above GC Prospective numbers are correct, and the net oil price, that works out at about approx. $60m - $450m - which could add some serious $$ to a T/O bid.  Obviously the oil has to be there and no doubt there would discount to boot, at the end of the day it's another slice of the pie.

What RF % have GC used?

Keep making it up as you go along scameller ZzZzZzZzZzZz....

What do you call someone who tries to hoodwink everyone? No not Coffeecups - A scameller......

Sorry couldn't help it ;- )

DM,

Will you please stop pointing out the positives (as this thread was meant to do) while Coffeemug is trying to trash the Company, you know how he gets the hump.

The West Shalva anticline is bigger than Shakva's so I'm expecting to see a herd of camels not just one around the Xmas tree this year oh oh oh...

And all alive and well, pun intended.....

Coffeemug,

Here's what you said earlier today.

"Not me Bully, mine were 1's and 2's, not adding, prolly Smarmy."

Stay off the pork pies pal.

Coffeemug,

You said you've only bought at 1p and 2p?

The other day you said you'd bought more when the share price was 3p-4p?

Care to explain 🤔

Wolfi,

Also from that link there's another link, here's a snippet.

"Kazakh-registered Priority Oil & Gas paying 1.94 billion tenge ($4.3 million) for the Pustynnoye field and the Balykshy block in the Atyrau region.

Pustynnoye is a minor oilfield covering just over five square kilometres, but the Balykshy block spreads over more than 1500 square kilometres, according to the Kazakh Energy Ministry."

I wonder how much of that $4.3 million was paid towards the 5 km2 oil field, bet it wasnt $15m.

But let's not mention that hey Coffemug...

DM, - Is camel meat cooked in 38 API oil, let me knowvl how it tastes ;- 0

Coffeemug, - as per mind your clueless wobbler, Whoooooshhhhhh!!

There's a lot of negativity re the timing of buying the WS block and finding one dead camel, oh dear!

Anyway let's talk about the positives instead.

The reservoirs anticline is wider than the next door Shalva block and better sealing.

The oil is around 38 API.

It has 3D seismic across the 25 km2 block.

Closer to treatment and distribution hubs than BNG/ Block 8 - less transport costs.

The important thing for me is the Triassic reservoir being shallower around 1,100 meters apposed 2,000m+ on BNG, which means drilling a well might only take around 8 weeks to complete with production kicking in pretty quickly, and less challenging to drill.

I think $15m will prove to be a steal though timing could have been much better as discussed.

A CPR next year would include the WS OIP number and may be some initial 2C/2P Reserves with a few wells drilled adding to the T/O value. IMO.

In the short term I don't expect an Op's Update until next month (end of) when we can expect the 155 and 806 Wells to hit TD, A5 Deep Well news will probably be included, so I see the share price drifting down further in the meantime, especially when 99m shares hit the shares issue count month end.

A Specialist onboard to remove 141/ 802 wells stuck pipes and Block 8 license renewed could come out anytime so only see these two event having a positive impact on the share price, Specialist talks after months of negotiating a deal seemed more advance two weeks ago.

If the share price declines further that's fine by me as it's a huge buying opportunity, it's all about Q3-Q4 and having as many shares as possible to start off-loading then etc..

Re WS we'll see soon enough if it was p iss poor timing/ buy......

"there's more info out there, I won't be posting as there's nothing in it for me"

Coffeemug, you're such a kidder!

"there's more info out there, I won't be posting as there's nothing in it for me "

Hilarious!

Mmmwwwwwaaahhhhhhh!!!!

Q, we want the share price to be as low as possible atm so we can sweep up as many cheap shares as possible before the big Q3 share price rise, what's another few months of p iss taking?

SmartyP1,

Agree, priorities and timing are definitely off. This deal could have been done anytime when share price was much higher, what's the rush?

I can only assume the WS is to replace the shallows, low hanging fruit, with dosh due from a shallow sale.

99m shares at 42p, nice.......

Glad you guys can now see him for what he is, an eggstremist.

Big question is how 3D has been done on the 25km2 license and how many structures/ Prospects are there in the Triassic/ Jurassic, 25km2 is not a small area. The oil shows could be coming from the shallower Triassic around 1,000 meters, though CASP think the seal is intact, hmm? Shalva next door has commercial oil and is producing so bodes well for West Shalva. If they sell the Shallows soonish they'll have enough to start drilling WS year end? WS could replace our shallow oil Reserves/ production. The bulk of CE dosh won't be in the bank until Q4 so they must be confident in a sale of one/ both shallow structures to fund the buy.

The WCP have total control re votes so we have no choice but to trust (cough) their decision making.

Do any more family members own licenses for sale, hope not.

I can see the end game for CASP as selling the lot, then selling the buyers oil on and still drilling the structures with their drilling co and trading co, keeps the family in the game.

Anyway WS is another slice of the T/O pie.

Just a thought, but if Shalva has 3C 5m barrels and CASP's West Shalva has zero barrels and bought for $15m (it's yet to be drilled and potential aside) wouldn't that value Shalva's oil at $3 per barrel for their 3C?

I guessed $5 pb for our shallows 1P/ 2P Reserves, which would give CASP around $200m, CASP are probably netting around $15 pboo from local sales (they're currently getting $33 Gross ATM - what will they get Nett when they sell their oil on the international market - after sanctions - this will be factored into the sales price no doubt?).

I've now given three reasons why I think $200m is possible - WH Ireland's 8p value, $5 pboo for our Reserves and the $100m Galaz price tag for 10m barrels of 1P/ 2P Reserves against CASP's 40m 1P/ 2P shallow Reserves with 3P Reserves to boot.

CASP have not had a firm offer and do not have to tell us if they have had one or how much, if KO declines the offer price it tells me he wants top dollar - what does KO consider 'significantly' above the $53m carry value?

BTW. The second $5m (99m shares) is to be paid out on first oil (there's confidence) - is this after the 90 day flow test? First oil could be after mid-next year where we could see the share price way over 4p - seller will make a killing - keep it in the family hey.

Like I said CASP is a one stop shop for any Major - why can't a Major just buy the lot now for.........42p 😉