Member Info for somm

Probably someone have to cough up their bail money. ;- )

On a serious note. After 30 days since the last Update if there's no news this week then they're either drilling further down to the secondary 4,200m target or having to do an acid wash on the larger intervals between 3,920m-3,980m to shift mud/ blockages. Flowing intervals between 15m/ 25m net would be a game changer with the already flowing lower 10m net interval to boot.

Come in England!!

Rosie,

You must have been still banged up when they flowed, but that's another story too.

Both block 8 deep wells have flowed commercial quantities of oil circ. 876/ 270 bopd.

801 Deep Well has flowed commercial quantities of oil, but it was too light AP1 84. 1,500 bopd.

802 Deep Well has flowed commercial quantitues of oil. 700-900 bopd.

803 Deep Well has flowed commercial quantities of oil - 500 bopd, with another 60m zone currently being tested.

The A5 deep Well has flowed commercial quantitues of oil - 3,800 bopd.

Obviously this clown has done no research over 8 years, and has never posted any to boot.

Problems yep, but all the above deep wells have all flowed so don't tell lies.

Got in at 8p sold out at 13p. Started investing again at 1.7p in 2021.

13p is very achievable this year re 4 B8 deep wells 2 YD wells 2 WS wells and the A6 Deep Well all producing - other wells/ mining/ charters to boot. imo.

2.36b + mining/ WS 400m shares + another 100m if they swap the WS $5m for shares.

So 2.76b/ 2.86b shares in issue × 18p £496m 515m MC.

Not far off KO/ Carver's bonus MC target, which I think has to stay over that MC for a month.

If a 50-100% WI in BNG is sold they could buy back shares to help hit their needed MC target bonus.

We need the A6 Deep Well to follow the 803 Deep Well to keep the share price momentum going.

😅🤣😂🤣😅🤣😂🤣😅🤣😂🤣😅🤣😂🤣😅😂🤣😅🤣😂🤣😅😂🤣😅😂😂😂😂😂🤣😂🤣😂

I was being an independent ramper.

Investor Chronicals. Caspian Sunrise.

"The average 12-month target price for Caspian Sunrise PLC (LSE: CASP) is widely projected around 17.89p to 17.95p. With the stock trading around 2.10p, this suggests a significant potential upside for the energy company.Analyst Price Targets & ForecastsConsensus Average: 17.89p to 17.95pHigh-End Target: Some independent estimates, including those on Value Investing IO, place the average 12-month target closer to £21.00.Current Stock Price: Hovering around 2.10 GBX."

Note the wording "some independant estimates" and " widely projected".

Indicating more than one broker/ analyst target price this year.

17p-21p will do for starters ; -)

A big question for me is their initial 803 Primary target was at circ. 3,905 meters and they were last at 3,906 meters so was there an interval at this depth as well as between 3,920m-3,980m that reqiired flow testing too, adding to the length of time it's taking for an update

The 801 Deep Well had 4 sizeable intervals, could the 803 have a few to test too, that flow?

"The well has now been deepened to a depth of 3,906 meters on the way to targeting potentially much larger oil bearing intervals at depths between 3,920 and 3,980 meters. The new potential intervals are expected to be reached later this month following which the plan is to perforate and if appropriate commence flow testing."

Next Monday will be 4 weeks since they were at 3,906 meters - drilling ahead into large intervals between 3,920m-3,980m.

I make it 10+ days already of flow testing.

They are either having to do acid washes to clear blocked perforated holes, have a stuck pipe or these intervals are gushers with each needing a few days to flow test them, hopefully the latter. If these intervals were none commercial then they would have started drilling to the 4,200 meter secondary target weeks ago and possibly testing it now.

News either way next week. Imo.

I guess "resumption" means after P1/ P2 sidetracks?

You might want to add that the P1 and P2 deep wells are waiting on the drill pipes from the 803 Deep Well before they can sidetrack both wells.

The Akkaduk license is waiting on the second ministry to approve the license/ ownership.

Has the $3.1m loan been paid back now that the Block 8 contract area/ Sholkana license has been approved?

If not will the repayment be shown in the 2025 AR?

Eldwiick,

FYI.

Baker Hughes have been involved in formulating the acid treatment on the deep wells as stated in RNS. They last acid wash on A6 earlier this year didn't work hence the required sidetrack when a rig is available.

The CE was last chartared for over $14 million, since then the Caspian Sea has seen hostilities increase with Russian and Irainian ships being sunk and oil terminals bombed. The risk to charter the CE out atm may be too high, lasr we heard there were 3 potential charters waiting in the wings.

Recently CASP rejected a $72.5 million offer for a 50% WI in BNG with a $12 million investment clause. The next offer will be much higher imo.

More research needed.

Rosie put the kettle on as news on the 803 Deep Well will be a little longer as they may be dealing with a multi interval gusher(s).

Eldwick, Thanks for your input.

Note:

The 803 Deep Well is not at 4,200 meters atm it's currently perforating intervals between 3, 920m-3,980m and may continue drilling to the secondary target at 4,200m with TD at 4,500m.

The A6 Deep Well needs a rig - kicked down the road.

The A5 Deep Well needs a rig - kicked down the road.

The A7 Deep Well needs a rig - kicked down the road.

The Block 8 deep wells P1 and P1 have been kicked down the road - they both need the drill pipe from the 803 Deep Well.

The 802 Deep Well kicked down the road until they can remove the 3,400m stuck pipe.

The West Shalva shallow well is not currently being deepened - first they need to see if the oil flow increases from 300 bopd, before drilling deeper.

The two Akkaduk deep wells that are readying for testing require the Akkaduk license to be approved frrst by the EM.

The new 701 Deep Well is currently sourcing a G70 rig - this well is expected to spud before month end - no chance.

The only production news due is from the 803 Deep Well and the WS shallow well, if oil increases.

Everything else is WIP - they need to hire more rigs to complete the two new shallow wells and two new deep wells on YD before the end of next year to meet their YD 25 years license commitments and the above wells to boot.

Early 2H may see the 701 spud - TD 2027 imo/ A6 sidetracked if rig available/ WS shallow well deepened - everything else may happen much later in 2H and beyond.

To meet their Airshagyl two well/ YD 3 deep well (or is that 2 deep wells now?) 25 year license commitments they need to to pull their socks up.

Get the A5/ A6 / 802 deep wells flowing - commercial oil is there and stop fannying around with mining and mining loans.

West Shalva $5m about to be paid out (or the equivalent in shares) and 400m added to the shares in issue pot shortly.

A BNG part sale is definitely on the cards if you ask me, especially after they reminded us in the last RNS of the $88m shallow sale, and for all the above they will need more dosh, especially if the 803/ A6 don't flow.

Another reality whinge..........

Rosie,

I guess you've never experienced a tight hole before.

Lam,

Slow news could also be down to the large intervals being flow tested seperately, each being tested for a few days.

Or they've found SFA and are drilling further down to 4,200 meters.

the guy running the company will no doubt be called half***** if you get your hands on him 🤣😂🤣

Preferably Jim they flow test the Primary target before drilling further down to the secondary target, another 200 meters isn't much further to drill.

Lom,

If there's no news next week then they will have continued drilling down to the 4,200 meter secondary target, I hope they do as the Triassic reservoir could be the daddy.

Carver indicated they would perforate the Primary target and flow test it if need be, which they will have already done imo, Carver likes to get good flow news out so yep tomorrow/ next week for news is odds on.

WS news could also follow shortly as it's been another 3 weeks of testing/ weatherproofing etc..

Nothing happening on Block 8 for a while yet unless the Akkaduk license is approved allowing CASP to flow test the 2 deep Akkaduk wells.

Bag,

it's taken TESCO 5 years to double it's share price pal,

CASP in the past 5 years went from sub 2p to over 8p within 1 year giving you the opportunity to make treble what you might have made investing in TESCO.

More research needed.

Bag,

Remember you've got to be in it to win.

This isn't TESCO pal this is a high risk frontier E&P stock, fortunately they have many irons in the fire, unlike it's AIM.peers.

More resesrch needed BTW.