Member Info for somm

DM,

The 3 October 2025 spud RNS is what we should go by.

I do remember though seeing the initial TD being 2,660m, which had obviously changed re the 3 Oct RNS.

WRT these two 1m sells I hope it isn't to do with a leak re the A6/ WS wells being blocked/ none commercial etc., but only the drill crew would know that so I doubt the sells are anything to do with the crew/ wells as CASP run a very tight ship.

I personally think they're a good chance they're buys as why would you sell £51k worth of stock when several news events are about to be released, I could understand it if it was about one event giving the seller the jitters, but multiple results/ events are expected around the same time and over the next month.....may be they've just got a good entry price?

Unless of course the missus wants a new car 😉

DM,

From the below RNS the two West Shalva intervals of interest are at 2,300m re the Jurassic interval and at 2,600m into the Triassic interval and TD is at 3,000m.

The drill bit should be at circ. 3,000m by now.

RNS - 3 Oct 2025

''The well has a planned total depth of approximately 3,000 meters with two principal targets. The first target is at approximately 2,300 meters in the Jurassic sandstone with the second target at approximately 2,600 meters in the Triassic limestone.''.

I'm just wondering if it was only the two 'targets' that were 'expected' to be drilled into by the end of 2025 and the remaining 300m were to be drilled to TD in January, which if were the case, would take the 3,000m TD to around now (IF no problems) so test results next week are highly likely. imo.

They've had a month+ to start testing the A6 Deep Well the P1 Deep Well on Block 8 and the 803 Deep Well to boot, plus the KAA's sign off on Block 8 and CE charter(s) announcement.

Carver the bus driver has given CASP a month to get the above completed for the AGM shop talk, does anyone else think we're going to have more than one bus arriving at the same time beforehand?

Any positive outcomes of the 'expected' events in the days/weeks will reverse the current share prices downturn.

In the meantime it gives many such as yourself the opportunity to get in at a very low entry/ top up point.

To add most of todays reported sells are actually buys.

One thing to as ask Carver at the AGM is when is the $25m law suit expected to take place, this needs to be hit on the head ASAP, as it's what's causing the drag on the share price. imo.

Let's hope it's not a Daffney Duck.......

Let's hope it flows commercially and we weren't diluted by 100m shares for nothing.

The first WS wells testing results are due anytime after TD was expected by the end of December.

IF this well flows commercially then the 80m barrels of assumed reserves will become a reality and double the reserves of the BNG shallows, no doubt a few more wells will need to be drilled to firm up the 80m boo.

The Jurassic had CoS of circ. 54% and the Triassic circ. 20%, if the Triassic flows there could be more oil in this reservoir than the Jurassic and the 80m estimate may have to be revised towards. imo.

This next week will be telling 🤞

Yeah it does look like 3p's were buy this morning after all, I'd even guess the 200k (2.82) is a buy too, if I didn't know better you'd think with all the red that bad new was about to be released, but no one knows anything and these sell/ buy trades are just Jo Public trades.

Several well results and CE charters can't be far off.

P1/ WS/ A6/ 803 - take your pick.

PGee/ BM,

What were your trade prices?

I think the three 2.866 trades are the only sells this morning and the rest are all buys.

Thoughts?

mr..****iouss,

you don't add anything to this board so why don't you just do us all a favor and fo.

BM,

CASP do not need a farm in partner yet, first they must complete the current A/ YD wells that need testing and redrilling and then do a FDP during/ after drilling the 2 new Airshagyl wells/ 3 Yelemes deep wells to firm up reserves on each structure and get the 25 year licenses to boot.

They have Baker Hughes for technical drilling advice and Synopec to boot.

And the last merger we want is one with a frigging 'financial investor'.

It would have to be a Major onboard as the FDP's for the many needed appraisal wells on both structures will cost hundreds of millions, $72m won't cut it.

CASP soon be producing thousands of barrels of oil and booking YD reserves this year, production from the 4 licences will pay for the OPEX along with CE charters, mini g vlrevenue and the CAB to boot.

Like I said BH/ Syn are already in CASP's technical camp.

CASP will book reserves on YD this year and will have drilled 2 new deep well on YD by the end of next year, which will help in increasing the C1/ C2 reserves booked this year.

A merger is going to have to be circ. $200m+ by year end.imo.

To add re success:

CASP have had stuck pipes on the shallow wells, the A6-A5 Deep Wells and the 802 Deep Well.

However, they have not had a stuck pipe since re drilling 4 Deep Wells to TD on Block 8 and the A8 Deep Well and the 803 Deep Well to boot at circ. 4,000m.

Have they solved the stuck pipe problem - possibly, have they also solved the mud weight and what the higher pressure should be and the right treatment mix too?

It's looking good for future wells......and the A6 Deep Well.

BM,

CASP have already drilled a successful deep well through the salt layer down to 5,300m on Airshagyl with no problems using the G70 rig, though the A8 Deep Well was prived to be uncommercial with only producing 120 bopd.

Now they have the funds they can complete the A7 Deep Well again using the G70 rig down to 5,200m.

Note both the A5 and A6 Deep Wells drilled through the salt layer, the problems have been the density of the mud/ barite and rocks blocking the perforated holes, not drilling to TD.

Hopefully with the new formulated acid treatment and this high pressure fluid will cure the problems of flowing the A6 Deep Well, it's not worked in this well previously nor the A5 Deep Well, which is why it's going to be sidetracked, let's hope the A6 Deep Well doesn't need to be sidetracked too.

After 5 weeks since 'expected 2025 YE news' we must be due an A6 Deep Well update anytime.

Fingers crossed it flows 🤞 will we get to know this week?

BM,

The 2 new deep Airshagyl wells won't kick in until 2029-2030 which is why I didn't mention them, besides they've enough to go at over the next few years.

Hopefully in their next presentation they will 'properly' show where each well is sited on each of the blocks, and planned wells and proper seismic data and topography graphs.

They should look at other oilers presentations to see how it's properly done.

Get me out,

The one thing suppressing the share price imo is the $25m law suit hanging over CASP's head, yes I think there will be a significant break out in the share price, but this court case needs to be done with or dropped, that's what's holding CASP's share price back, imo.

The court case should be over with within 3-6 months? - several different lawyers have said there's no case so I'd expect the judge to kick it out on the first day ridding the aspect of uncertainty.

Either way all the current prospects will be proven up this year and the share price will be multiples of today. imo.

They will already have an income from the 803/ P1-P2 wells of circ 1,500 bopd very shortly with fast approaching A6/ WS production in the wings to boot.

If they're to drill 3 new deep wells within the next 2 years on the Yelemes Deep (YD) structure then they'd better get cracking, I think we will see the 804 Deep Well spud before mid year on YD.

.

Badge,

CASP will get circ. 433k each month for 12 month starting around May.

''A further approximately $5.2 million is then due to be received in equal monthly instalments over a 12 month period commencing 6 months after formal completion.''

CASP are a different company from a year ago with new licenses debt and taxes paid off and the remaining ($15m?) BNG fees passed onto AR and having $23m in the bank, and 5 deep wells readying for testing and 3 being worked on and a shallow well, oh and 5 more new BNG deep wells to drill over the next 2-3 years and no doubt a few more on WS/ B8 to boot.

With a CE charter(s) pending and a new mining company to bring in extra revenue.

A line has been drawn and a new CASP is in the making.

Happy New Year all.

Last trading day of 2025 tomorrow for one of the remaining 4 of 6 'expected' year end updates.

Take your pick.........A6?

Another £10k added ;- )