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CASP have said they should be able to test the flow rates again on the A5 well at the end of June indicating it should be fixed next month, if it does flow at 1,500 bopd as before then it will coincide with the 151 well coming online too. Could we really be producing 4K bopd next month?

You bet!

Remember we were at 1,000 bopd $60 pboo and we were 15p per share.

Now were at 2K bopd+ with another 500 barrels on the way, plus 4 deep wells to boot.

I wonder if the acid has been given the nod for release?

How far down the A5 well is the broken link?

Well it would seem the powers that be have read my potential 22K bopd post yesterday and are acting accordly. They obviously couldn't wait for H2!

It was inevitable.......

CASP share price should have a massive break out in H2. imo.

We have 4 rigs that could drill 12 wells in H2 - 6K bopd?

3 deep wells waiting on acid treatment - 3 well flow for 90 days in H2 + plus A5 14K bopd?

With todays 2K bopd that's potentially 22k bopd though realistically I reckon around 8k bopd with 2021 production to boot?

We can hope...…………..

….to kick the share price upward and remove uncertainty.

And that's to get 1/2 sidetrack wells drilled and start pumping from a shallower depth. There are two 10m perched water columns (both wells) being drained so pump the oil from above them and the water cut will be significantly be reduced.

Simple, what are they waiting for they have the dosh? Where's the phone.......................

Am I right in thinking they have to pay back €400k per quarter?

It's a fking joke!

After the 100/1 share dilution 4 years ago the share price today is 24% down!

Next AGM - NO share incentives schemes passed until 55K bpd has been reached!!!!!!! which has been around the corner for years!

Fking embarrassing is an understatement...………….stop buying shares back and put the money ($50m!) into more production wells for FS!

Back slapping tools!

Anyone see 5 * 44,297 buys go though this morning, together?

Discharging Managerial Responsibility?

Should have news on A6 well having acid treatment, was supposed to start 30 days after 18 March, hopefully the other two wells too.

153 Well should also be flowing now.

So news on these next Monday?

Another 216k top up on the back of the above news out next week.

The last two trades were 600K+ sells.

Yep minus!

GEEEEEEEEEEEEZZZZZZZZZZZZZZZZ! WTI DOWN 99%

WOE! I MEAN WOW!

WTI down 38% ($11.50) thus far today - Brent hovering around $29.

MLQ,

Noted.

So what are they doing with the other 1,500 barrels they're currently producing?

Let me guess, selling them into the local market as per by truck along with another 500+ barrels 'potentially'.

Kaz need oil and better it come from Kaz than imported.

The global oil overhang with be gone soon enough and economies will be back up and running.

Seen it all before re oil crashes...……..

They should have finished cementing this time last week.

So fracking last week and flow testing for a few days, news can't be too far away.

And three deeps to acidize to boot...……

Got in at 27p on the hope of an upward share price swing re the OPEC cut (ouch). I personally reckon we'll see a further dip due to burgeoning oil overhang in the next few weeks based on market sentiment/ no news. I'm down a ton and obviously want to see a rise, but don't see it happening just yet, I will throw some more at it when things are clearer (or much lower). imo.

Cementing should have been completed on Tuesday gone, fracking done this week, flow test results nex week.

How thick is the zone they're fracking?

Acidizing the three deep wells in sequence could take us into the back end of next month depending on how much fluid needs pumping out/ blockages.

Double digits May/ June. imo.

Carver said within the next two weeks, so yeah the 153 well should be in production by month end, hopefully.

Hopefully May will see a successful flow on the three deep wells being acidized month end, hopefully.

Note the 'hopefully' as hope is what we've being living on for what seems forever.

Anyway, managed a 4.2p buy this morning on the back of the above coming in at what looks like today's bottom......hopefully.

Interesting water cut ratio with the majority of water coming from the second well only a short distance away (100m? ), that's definitely perched water.

Question for CMD - If they're pumping 6K pd of water out of the perched zone how much water is anticipated to be in the zone - how long will take to pump it out / to start seeing a reduction in the water cut?

Holding back 50% of flow, amazing to boot.