Member Info for somm

Same ere Jck,

Though to get to a 50p+ share price they're going to have to increase the P1/ P2 reserves to 100m+ barrels from the plss poor 1C/ 2C barrels they have now, from an apparent world class asset(s), and 30k+ bopd. IF CASP got anywhere near 20k bopd and half those reserve numbers they would be snapped up faster than Mr. C could put a dampener on the company.

We've had 3 of the 6 expected YE updates now (Yelemes, mine and KAA) from the mid-term RNS two months ago, A6, WS and charters next with the 803 Deep Well testing again and A7 Deep Well spud.

I would like to see all these RNS'd individually instead of in a one General Op's RNS so we get a share price rise every few days or so.

2.78 to buy, is someone having a 😃.

Un,

The test oil can be sold giving CASP a new revenue stream and P2 is in production though under the test banner, and although we/ market know the test flow rates it's 'new' oil revenue to CASP they didn't have before.

It's taken 3 years to buy the block, better late than never.

Un,

Disagree.

CASP now have production of 1k bopd thus far worth $11m p.a. and between 100m-400m barrels of OIP to prove up under their belt.

It's not about either well increasing flow rates today.

Any other share and the share price would have rocketed on opening.

Carver was very excited in telling us a day early, another RNS tomorrow sealing the deal?

Meant P1 not sidetracked?

P2 still flowing 846 bopd, which is good news.

Great news.

CASP can now book circ. 1k bopd under their belt.

It doesn't sound like the P2 well sidetrack has completed yet though, no mention of it 🤔

Reserves from this structure booked later in the year?

Akkaduk license still in the works.

WS, 803, A6 update if you would Clive.

Joe,

IF IF the WS well proves to be commercial re 1k bopd that would generate net revenue of circ $11m p.a. using $30 pboo net profit as CASP have touted they're getting (500 bopd would be break even) from only one well, no doubt they will drill more wells this year if WS is flowing commercial quantities of oil.

CASP will soon have revenue coming from the 803 Deep Well (minimum 500 bopd) = circ. $5m p.a. this revenue should increase after testing the 60m interval has been completed, we know the 802 Deep Well flowed 700-900 bopd from an open hole so I'd expect at the very least another $11m p.a. generated from that well when sorted.

The P2 Deep Well when it comes online should flow oil as there was oil in the 250 bopd/ water mix from a cracked pipe - so another 800-ish bopd to come? And oil potentially flowing from the 2 Akkaduk deep wells to boot could also generate similar bopd from each well.

The P1 Deep Well on Block 8 is currently flowing 846 bopd = circ. $9m p.a.

IF IF the A6 Deep Well were to flow we could easily see $20m p.a. in revenue imo with the A5/ A7 wells in the wings this year.

So the $5m WS payment on production commencing would be covered by at least 500 bopd in the first year and dwarfed overall if the other wells come online as above.

Carver didn't seem too optimistic on an Op's Update RNS before the GM so not holding my breath there.

The old and new COO's must have told Carver to 'expect' operational well/ charter/ Reg updates before the end of 2025 so yeah Carver and Co need to pull there overly optimistic socks up.

2026 has everything going for it. imo.

Note from T's below post Carver's scepticism re releasing an operational RNS.

"Whether or not we have a comprehensive operational update before the General Meeting really depends on events - but I hope so."

Comprehensive operational events.

Meaning the flow test results from possibly 4 wells that may or may not have completed etc. before the 30th.

We're in with a good chance of news regarding the WS well and the A6 Deep Well (803 & P1 wells too) before the GM as these two wells are (to me) at the most advanced stages re testing.

The KAA sign off is out of SASP's hands as are the charter sign offs, though they must be close being a month over due.

The question is will any of these wells come in in time for the GM, and would Carver release a RNS if only one well result was known prior or wait until after the GM and release a very comprehensive general operational RNS. hmm.

He says he'll go over the Op's at the GM, which gives him get out of jail card, knowing the attendees will pass on what's been said across the boards etc..

Another week of testing could give enough info to release a RNS earlier having a better understanding of what's what........

You mean hoovering.

Thanks T,

Reading between the lines regarding the 4 wells I posted about (5 with the A7 Deep Well spud) currently being worked on that could produce oil any day now we may hear a couple of those wells will still be being worked on, therefore imo one or two would have to flow for Carver to release a general Op's Update prior to the GM, he may want to update shareholders in February when all the results are known instead of an early damp squib 🤔

I'd guess if a couple of wells came online combined with charter(s) news and KAA sign off etc. before the 30th he'd be happy with that being enough 'positive' operational news to update on considering the wait for material events to materialise.

It doesn't sound like all 4 wells, KAA, charter(s) etc. are near completion re his response to you.

Like most I'd be happy with any update.

''3 December 2025 RNS

The Kazakh authorities have now extended the previous estimation licence covering the Yelemes Deep structure for a further two years during which development work may resume and a further submission may be made for an independent 25 year production licence.

 Accordingly, the Group intends now to resume work at Deep Well 803 where oil was previously detected over a 60 meter interval at depths between 3,360 and 3,420 meters.''

I would expect CASP to treat resuming the testing of the 803 Deep Well as a number 1 priority considering it flowed 500 bopd from 15m-16m of the 60m interval above the salt layer. They could have been testing the 60m interval further now so we could see the 15m net pay increased along with an increase in the 500 bopd in the next RNS. They've had circ. 7 weeks to mobilize the rig and start either flow testing, sidetracking the well or drilling down to TD circ. 4,500m or so through the salt layer to the primary target. No doubt we'll soon find out what's happening with it in this weeks WTF RNS.

It's the same with the West Shalva well after knocking on 4 months of drilling, by my calc's they should be way into testing the two intervals of interest having hit TD around the 10th of January, if both the J and T targets flow they could be mixing two different API's? With the Shalva well next door supposedly producing 250 bopd and having a 54% CoS there's a good chance it flows and Carver's waiting for results along with the 803 Deep Well, not forgetting the Block 8 P1 Deep Well sidetrack that was supposed to start in November, we could see all three wells reportedly flowing at the same time, with the elephant in the room the A6 Deep Well successfully treated re removing the rocks/ mud etc. that have prevented it from flowing for years, it's knocking on two months since we were told to 'expect' A6 Deep Well news by 2025 YE, I wouldn't be surprised if they'd pumped a couple of hundred thousand barrels of treatment fluid down there, which can take a few weeks to pump out, fingers crossed on that well flowing.

CASP have drilled 5 deep wells on Block 8 three structures, the A8 Deep Well to 5,300m through the salt layer and flow tested it and the 803 Deep Well with no stuck pipe thus far.

News is imminent and I don't see all four wells being duds, may be one or two are still being worked on when we get the next Op's Update.

Anyway WTF news is here again, hopefully it'll be good news all round.

Rosie,

You're such an optimist.....

Never been of it DM :-)

Makes you wonder though being 2 weeks over his timeline from 6 weeks ago for any of the three charter contract signings.

I'm now expecting a WTF RNS.

I was dreaming Yukoil and Rosneft got one or more of the three CE charters to drill a well in the Caspian Sea.

The Ukrainians have bombed Russian oil terminals in the Caspian Sea and Russian oil tankers and the other day sunk an Iranian bulk carrier too, according to Carver six weeks ago three CE charters were expected to be announced by 2025 YE - has this naval activity delayed the signing of the charters?

In my dreaming why would I want a Russian company to use the CE to drill a well for them, because the Ukrainians could then blow up the CE and CASP could put an insurance claim in for $300 million to replace it and be forever funded, buy back as many shares as possible and give us all a whopper of a one off dividend.

Then I woke up.................

Remember chaps it's not a give that the results of the next 3 well results are 100% nailed on i.e P1, A6 and the WS well which has a J 54% and T 20% CoS.

I'm confident this year will see all 8-10 wells drilled, all have a good chance of flowing commercially and reserves booked on at least two structures this year.

We have an estimated 100-400m boo on B8 and 80m boo at WS, the daddy in the room question is what will Yelemes Deep OIP/ reserves number be.

Another question for the AGM is what is the initial RF number for each structure.

Got to be in it to win.

Rosie,

The 1.75m seller is one person imo and if you add up the other large trades over the past week they only add up to my holdings. If there were lots of different million trades I'd think there was a leak or thing have gone tits-up etc., but CASP have no debt and are well financed and the KAZ EM have given CASP 5 new deep wells to drill, 2 extended BNG deep licenses and the B8 contract area is only waiting on the KAA reg to complete.

TIMING:

Each well result re flow rate good or bad will be at different stages i.e. WS should be ready to test around now, the A6 Deep Well too if the acid wash was done last month, the P1 Deep Well too if sidetracked, the 803 Deep Well if now testing, the A7 Deep Well not spudding, the 3 potential charter announcement updates RNS'd separately, the KAA reg signed off and another acquisition to boot - if there was a leak on one of these wells not flowing it wouldn't be a significant knock back to warrant selling millions of shares when another RNS could drop at any time, I don't expect one RNS to be issued confirming all of these events have been completed at the same time. So IF these large sells really are sells then it's most likely down to an individuals personal circumstances.

There is of course an outside chance the manager of a managed high risk fund is reducing his exposure to CASP, but I doubt that with the pending news flow and besides the share price has been held in a very tight price range.

Like I've said after years of waiting no one sells millions of shares with so much expected news due unless they have to. imo.

X,

It's you who is a fraud and you know it, I've got this and that and I live abroad and I've got this certificate blah blah blah and what's that got to do with anything? you sound ridiculous. And I've noticed every time you've been challenged today by myself and other posters you come back with attacking the poster and not the ball, why is that? It's a common trait from the BS's and to add you haven't posted one fact accept that you are very good at pounding your own chest.

BTW: I don't mention money, but just to kick the boot in on your profit making, I made circ. 600% on MAX about 15 years ago if I remember rightly.

I noted you said your desk contact has confirmed the seller is a corporate entity, funny how you get these answers after being questioned, why come here and ask in the first place? so how many shares did he quote, you must have asked for a number as any qualified pro would?

BM,

You mean spoofed.

Exactly, why would a very large multi million share sell in the tens of millions at 3p be place with several wells, charters, regs and acquisition updates on the cusp of being announced.

And why ask a BB if this alleged sell is by a corporate entity when your contact IS the traders desk where the initial info has come from.

Awax are you having a laugh X hasn't got a Scooby Doo he's already told you his research is limited at best 😃

So what?

I've known more managers who've lost clients money than made money for them, and qualifications are meaningless in the real world of buying/ selling but obviously you don't understand that.

Ego? Yours is off the charts.

All what you have said below I've been there and done it.

I don't post on an ego trip like you, but here's some ego for you. I've made more money on one stock than most people will have earned in several live times. There are few stocks with CASP's multibag potential that come around now and again where millions can be made it's all about accumulating and timing not certificates.

Now move on.......

Having 5m shares doesn't not put you as one of the bigger share holders of CASP as you stated, believe me you're not, of the dozen or so posters on here over half have more shares than you.

So I guess you'll be selling your remaining 5m shares knowing there's a seller at 3p?

Remember it was you asking for thoughts re your contract telling you this morning there was a seller at 3p and you asked could it be a corporate seller?

Now you say it couldn't be even though I said a share transferof that size could be possible involving the CP for example.

Like I said it would be impossible to sell 100m shares, especially in one go and a stained sell would drag the share price well below 3p, now you're reiterating what I've said again?

TBH you come across as an amature investor, especially regarding oil stocks in particular, getting most of your info from the likes of myself, because you don't do much researching?

Now that you dont have 10m shares and only 5m, a seller selling many times the amount of shares you hold might only be circ. 15m+ shares, which could be offloaded over the course of a week or two on the back of good news flow.

Are you going to the AGM? I'm sure BM would love to interrogate you......I mean interview you.

Soon be 3p.