Member Info for somm

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.

X,

A couple of years ago you said you had over 10m shares in CASP and have been buying more since like yesterday, you said the seller was selling many times your holding, hence the circ. 100m - and you only got to know about the sell before 9am this morning, convenient.

You knew very well you would be ridiculed over your post.

If 100m shares were sold where do you think the share price would go?

You've stated as fact there's a seller at 3p.

Do not to presume anything about me having no knowledge of the markets.

Jimmy1,

It was a friend of a friends brothers uncles fathers bit on the side who got it from down in the pup, wink wink nudge nudge say no more. 😉

BM,

Having a contact monitoring CASP's operations and now with a contacts close to a very large seller at 3p.

Anyway 3p is around the corner so well soon find out fact or fiction.

Rosie,

I think you've pulled one too many pints, stick to drinking tea.

What a load of nonsense on so many levels, think about it.

Why would you buy 250k shares yesterday @ 2.65 if you knew circ. 100m shares were going to be dumped on to the market at 3p.

That amount of shares would not be able to be sold in one tranch, if it did the share price would drop to a penny and if it were a sustained daily sell the share price wouldn't remain at 3p.

A share transfer between the CP and the seller I could understand re a 'corporate transaction', but to drop that many shares onto the market at 3p would be impossible especially in one transaction.

I had breakfast with aliens this morning, chuckle.

Thanks X and thanks fir confirming your 250k buy.

Two late 250k trades positioning before news out this week.

Was the 1.75m trade this morning really a sell?

These large trades showing as sells before imminent news flow is very suspect. Imo.

DM,

He's such a worrisome chap whose AIM should be not to worry too much.

Rosie, stick the kettle on to calm Mr. Cautious's fragile nerves.

DM,

I wouldn't worry about him.

CASP's share price hasn't moved significantly upwards yet due to a number of factors.

Cause and Effect.

Cause: 

The 2-3 year Yelemes Deep/ Airshagyl license extensions handed out were a disappointment as the market was expecting the full 25 year licenses to be issued for each structure (at least work can be carried out).

The unexpected $25m law suit by 4 inner circle holders not agreeing to the $88m shallows sale, which would wipe out CASP's CAB if they were to win the case. This is playing a big drag on the share price with a large element of uncertainty even though four lawyer firms have said there's no case.

The Block 8 contract area license is still pending after 3 years.

Expectations have not been delivered, especially those quoted to be by YE.

Further dilution from the shallows sale of another 100m shares from the shallows sale, the 100m shares will probably hit the shares in issue number this month if oil flows from West Shalva, with a further $5m payment if successful production happens, wiping out the $5 remaining shallows sale dosh.

Further dilution is very likely around the corner with another mining acquisition, where are we with the Galaz sized prospects DD too?

Possibly - A6 Deep Well still blocked after acid wash/ West Shalva none commercial/ Block 8 still not signed off to CASP re pending KAA sign off and the Akkaduk license with two wells drilled and still in limbo re pending tests.

Effect:

A5-A6- A7 Deep Well/ West Shalva shallow well/ Block 8 P1 Deep Well/ 2 Akkaduk Deep Wells pending license- testing/ 802-803 Deep Wells pending work/ testing etc.. ALL of these individual wells having a positive outcome will have an effect on the share price, especially if they all come in this year. The A5 Deep Well alone saw the share price rocket to 24p.

Block 8 contract area license signed off with production under CASP's belt from at least 2 deep wells with 2 more pending testing and reserves to book, with OIP numbers estimated to be around 100m-400m boo.

West Shalva proving commercial oil flows could unlock the estimated 80m boo CASP reckon are there..

Yelemes Deep production and reserves to book and another 3 deep wells to drill could see a reserves upgraded with Airshagyl to boot with 2 new deep wells to drill.

Potentially 3 CE charters currently being signed off.

The $25m law suit being kicked out of court.

The list of negative causes impacting on todays share price will no doubt have a temporary drag on the share price, the effect of them being overcome will see the share price jump by multiples of todays lows.

To make an informed decision re selling/ buying you've simply got to see the ever increasing bigger picture. imo.

News on Monday?

BM,

You need a flaring permit before flaring starts not after.

Joe would need a very powerful telescope to see any flaring from his armchair.

Chuckle....

Lam,

We'll have to agree to disagree.

Look at all the buys in a row yesterday afternoon over the mid price, the sp didn't move, which shows you just because you/ others bought some shares doesn't mean the sp will rise., there were 3 small sells in the morning to boot.

I bought some too yesterday to add to my 8m+ kitty.

Like I've said the larger trades are buys, positioning for news, look at the two 750k trades yesterday afternoon at 2.56 both are buys not sells. Imo

Lam,

Have any sells been confirmed as as buys - yes.

Have any sells been confirmed as sells - no.

How strange?

Un,

These reported sells are a fraction below the mid price, and several shareholders have said umpteen times that their buys have falsly been reported as sells. Yesterday there were two 750k trades at the same price, one sell and one buy within 13 minutes. These were both buys positioning for a possible Mknday RNS. Imo.

And to reiterate the majority of reported sells are actually buys. Imo.

Lam,

No one has off loaded £200k so give it a rest with your conspiracy theories.

And you should say IMO as your thought are not facts, far from them.

"Rosie,

"Hardly a handful".

Are you having a giraffe?

Pray tell what is the average amount of daily sells over the past month?

Still to making tea ;- )

Un,

A 'maximum' 10% return over 6 months on a £20k high risk AIM stock is not a very good return and peeps wouldn't be selling for a 0-10% return in CASP today only to have to buy back in after the expected imminent news releases at double+ the 2.63 supposedly sell price if oil flows from WS, YD, A6 or P1 wells, a .00025 gain on £20K wouldn't be worth the risk. imo.

Regarding a leak, if that were the case there would be a lot more selling than the handful of reported sells we've seen.

The large reported sells over the past week are not all sells. imo.

These are mostly buys imo as peeps are positioning themselves for multiple well, regs, acquisition and CE charter(s) news flow etc., which are all imminent.

Shareholders have waited years for these operational 'expected' updates and to suggest they're all selling now is utter baloney. Imo.

The mid price/ sell price/ buy price are fractions of a penny, between them is miniscule, and as we've seen over the past week several shareholders across the boards have confirmed their buys have been reported as sells.

Got to be in it to win it.