Member Info for somm

If Carver's 'not months' timeframe is to be believed it would take the suspension to possibly the end of August.

Which inturn would give circ. 67 more days for the 803 Deep Well, from it's last update, to test all intervals/ targets and hit TD at 4,300 meters.

Within 67 days we can expect two YD well spuds and WS production increased to x bopd/ deepened flow rate result with the B8 P1 Deep Well possibly sidetracked. If only a couple of weeks then probably none of the above will have taken place operationally.

So between 2-7 weeks for the suspension to be lifted re Carver's 'weeks not months' comment, but we know Carver's timings have usually been pants therefore we could run into months like the last suspension did.

If months and all the above/ court case dropped to boot then expect a serious share price spike on the day and a sp run on the positive well results etc..

It all depends on when AR allows access to their financials/ CASP lifting the suspension on the back of their info to hand.

Conclusion.

How long is a piece of string.......

NB.

What are AR hiding, is a CP member named in their accounts/ no dosh to pay the $5 million spread over 12 months?

If AR have to post their AR anyway what's the problem?

Bull,

Too much going on in the short term.

Block 8 P1-P2 Deep Wells sidetracked in 2H.

WS shallow well deepened - higher flow rate.

Two YD wells spudding next month.

Akkaduk license approved - 2 deep wells tested.

803 Deep Well flow tested with positive flow rates.

Suspension lifted.

Mining WI % sale.

And the icing on the cake - the court case thrown out.

Other events to boot re charters etc..

Got to be in it to win it.

507k couldn't resist.

I heard the fat lady will be doing a tap dance soon 😉

To add:

I guess they never tested these shollower 8-12 meter intervals because they wanted to case the well all the way down to 4,100 meters first, unllike where they cased the well highee up to test the 500 bopd interval.

Three plus decent intervals to flow test together, considering the thickness of these net pay intervals we should see high flow rates, if no probs, how thick are the Secondary targets intervals?

Will they take the chance and carry on drilling to 4,200 meters (4,300 meters TD) after testing the Primary interval and then combine the Primary and Secondary oil flows?

"On completion of a further 150 meters drilling casing will be set to a depth of 4,100 meters with the plan to perforate and test on cased-hole basis an interval of approximately 20 to 30 meters within the depth range of 3,927 to 3,977 meters. In addition, to seek to increase hydrocarbon production, the Company plans to perforate and test further intervals with aggregate thicknesses of approximately 8 to 12 meters within the depth range of 3,770 to 3,800 meters."

Re the timing of flow news.

The 803 Deep Well will have casing set to 4,100 meters this week (in a perfect world).

There's a 30 meter gross oil bearing section section between 3,770 and 3,800 meters with interval thicknesses to test on agg circ. 8-12 meters.

Q.

Will they first test this 30 meter gross section (8-12 meter net pay intervals) before testing the Primary target lower down extending our wait for flow news to perhaps after the suspension has been lifted?

Generally the shallower intervals are perforated and tested first then the flowing section is shut off as they go on to test the deeper 20-30 meter net interval between 3,927 to 3,977 meters.

Just saying as news out may first be on the shallower 30 meter gross section (8-12 meters net) and later on on the deepee 20-30 meters net interval of interest.

Will be very interesting to see what the combined flow rate is from these/ other sections.

Drip drip flow news or one big gusher?

THE NEW NORM,

The Primary target quoted in the 18 May 2026 RNS being at 3,905 meters is likely another Carver typo, but we can only go with what we are being told in the latest RNS's.

Even so by my maths 3,927 meters and a further 150 meters does not add up to 4,100 meters the last time I checked.

Unless of course they had drilled into the interval and were at 3,950 meters and not 3,927 meters as Carver states ;-)

Re 803 Deep Well:

''plan to perforate and test on cased-hole basis an interval of approximately 20 to 30 meters within the depth range of 3,927 to 3,977 meters''

''In addition, to seek to increase hydrocarbon production, the Company plans to perforate and test further intervals with aggregate thicknesses of approximately 8 to 12 meters within the depth range of 3,770 to 3,800 meters.''

So there's an interval within the 50 meter zone they are looking to drill into that's between 20-30 meters thick (about to poke it)- how far and wide does this interval stretch? could be a serious gusher, adding to a serious reserves upgrade.

And there's at least one interval between 8-12 meters thick within a 30 meter gross interval higher up to test between 3,770-3,800 meters.

These intervals are below the salt layer.

Also:

''Oil has been detected over a 60 meter interval between 3,360 meters and 3,420 meters, above expectations and also above the main salt layer. Testing continues over an interval now extended to 15 meters.''

This zone flowed up to 500 bopd from a 10 meter interval.

So overall at the very least 3-4 intervals to test..........................stick a couple of thousand barrels on the 500 bopd and game on!

''The planned deeper target interval has not yet been fully penetrated or tested. Accordingly, no flow from that planned target interval has yet been obtained.''

Last Thursday they were at 3,927 meters where the 20-30 meter interval starts, by the sounds of it they'd already started drilling into it. imo.

DM,

Could you please tell The New Norm to put HIS glasses on straight as the 803 Deep Wells Primary target according to the latest 18 May 2026 RNS was 3,905 meters not 3,950 meters as previously touted.

Also tell him the well took 38 days to drill 21 meters not 7 meters ;-)

"This well had an original planned total depth of 4,500 meters with a primary target at a depth of 3,905 meters and a secondary target at a depth of 4,200 meters. It was drilled to a depth of 3,420 meters before work paused towards the end of 2024 for the renewal of the licence."

I rest my case My Lord.

The Primary target was originally at 3,905 meters, they were at 3,906 meters and had drilled another 21 meters to 3,927 meters with no new interval reported around 3,906 meters :-(

The good news is last Thursday they were about to drill into the 'new' Primary target and drill down to 4,100 meters, to case, perf and test shouldn't take more than two weeks.

News on 803 should be out by mid July. Imo

Q.

Will they continue drilling to the Secondary target 100 meters further down adding another week or two to news out?

If Carver's weeks not months comment is to be believed we could see no news on the 803 Deep Well until after suspension has been lifted.

Last chance to get in tomorrow before we know how the 803 has initially performed?

The Airshagyl central N/W 7.3km step out shallow well E-Mz-55 comment was interesting re possibly being an extension of the productive Middle- Jurassic interval, a 40 meter thick feature, hmm. With a TD of 2,300 meters it shouldn't take much more than 3 months to hit TD.

The 701 Deep Well (5k meter TD) and 707 Deep Well (3.5k meter TD) are expected to spud in July with the 703 Deep Well expected to spud, using either of the 701/ 707 rig, thereafter in 2H.

2H looking very busy.

Where's our Akkaduk license Mr. Carver, it's been another 7 months since the second ministry debacle?

Either way there's no rush as the current YD drill programme takes them to the end of 2027 and Airshagyl to the end od 2028, plenty of time for Rosie to dirty another pair of knickers.

Mining costs are currently touted at $14 million plus and 18 months to up production to 20m tonnes, mining will be years in the making, in tje meantime oil production is what will fund it or a WI sale or a WI sale of BNG.

BM,

Yeah my bad.........

Roll on 2028!

Just to rub it in :-)

"The expected delay is anticipated to be a matter of weeks rather than months."

Not months could be 7-ish weeks ;-)

If the 803 Deep Well has been drilled and tested to 4,100m, remember the second target is only 100 meters further down, meaning if the suspension is 7-ish weeks it's would be likely they'd carried on drilling.

BTW.

Carver says in the RNS the original 803 TD was 4,300 meters, it wasn't it was 4,500 meters.

Even so another few weeks of drilling the 803 deep Well (if they get a move on) to 4,100m casing, perforating and testing should be done...... though we wouldn't hear anything until the suspension was lifted.

Longer the better re the secondary target drilled too.

Well done Lam,

A steal.

Funny how many peeps found money down the back of the sofa this afternoon.

Mon/ Tue should see more sofa dosh no doubt.

Got to be in it to win.

To those who obviously don't fully understand the reason for the suspension.

Absolute Resources have refused CASP and their auditors access to their financial records, why?

"Despite numerous requests, the acquiring company has refused access to both the Company and the Company's auditors to the financial records now in their possession.".

If I remember correctly the first $400k monthly payment was due in May......this month.

Have they got the dosh, hmm?

CASP reckon West Shalva has circ. 80 million barrels of OIP, it will be interesting to see what the C1/ C2 booked numbers are next year as we'll then have an idea what the RF % is they'll be using.

An initial 20% RF would give 16 million barrels.

The YD structure is 36 km2 and their initial estimate is 33 million barrels of C1/ C2 reserves, only double the oil reserves of the much smaller West Shalva sttucture.

What are the estimated OIP numbers at YD so we can see what RF they're working with to get 26 million barrels of C1?

After the new work programme has completed the YD reserve number could change, but am I missing something re the size of the once very big YD prize?

If these numbers are based on a 100 meter immediate drainage vicinity like Airshagyl reserves then okay otherwise YD isn't that big and these reserve estimates are on par with the shallows that were sold for a poxy $88 million song.

Let's hope the new wells (especially the 2.2 km step out well from the 801 Deep Well) increase the 33 mmbls estimate.

The two Block 8 structures Sholkara/ Akkaduk initial reserves could be on par with BNG?

If so by the end of next year CASP could have over 100 million barrels of C1/ C2 reserves booked?

Nobody,

Like I said those two depths showing a 1 meter interval flowing 1k+ bopd surely had to be a typo.

Good job someone on this board is on the ball ;-).

Question why are you comparing GKP's 1 km gross oil column to CASP's 1 meter interval, chuckle.

BTW.

Before GKP flowed any oil there were 3 little words quietly slotted into a very long Op's RNS that everyone missed includng geo's.

Once I read them I piled in and a couple of weeks later pop!

Those three words were 'live moveable oil' buried in the Op's RNS.

Invested from 12p to an interday high of 465p, once every now and then an oiler comes around that can be life changing. Virgin Kurdistan frontier land, a no brainer, if you knew what you were reading at the time.

There's lots of money to be made in CASP at 2p but CASP will never be a billion pound company.

If we're lucky we may see 15p-20p next year. Imo

Yeah me too.