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They had no problems drilling the A8 Deep Well to 5,300m through the salt layer with the G70 rig, bodes well for the A7 Deep Well - no pressure then 🤔

BM,

The A9 Deep Well was mentioned a few years ago.

They're going to have to drill step out wells so may be we'll see these wells in a FDP, as appraisal wells, once they A5-6-7 wells have completed.

Thanks DM,

The $72.5m wouldn't have been much of a profit, it makes you think is BNG really world class, so glad it wasn't accepted.

Considering what's going on re Op's etc. trading is pants, I guess everyone's already balls deep.

A6 news can't be far off.

DM,

I've not read the whole of the 2024 Y/E report yet, will do.

Q:

To save me looking are the A9/ A10 Deep Wells exploration, production or appraisal wells? sounds like exploration wells with a TD set at 5,300m.

Didn't Carver say the $72.5m was off the table having received the AR dosh, the BNG deep spend dwarfs that amount, got to love a trier.

IF the A6 Deep Well flows I'll guess the initial flow rate will be around 3,500 bopd based on the A5 Deep Wells initial flow rate, happy to be a thousand barrels out, chuckle...... flow baby flow!

DM,

I remember the RNS well.

The A6 Deep Wells 100m+ gross interval is massive and more importantly on par with the A5 Deep Wells gross interval depth, what will the net pay be of the oil bearing interval? will the A7 Deep Well make a trio of wells all on par with another100m+ interval at the same depths - stretching how far and wide, surely not 58km? Appraisal wells are going to have to be drilled to firm up reserves - FDP next year and merger?

I think this is the third acid wash to be done on the A6 Deep Well so I'm on the fence re 50/50 success, we last heard rocks and fluids were blocking the perf holes etc.. hopefully this wash will remove all the crap in the way that's blocking the flow- third time lucky? live moveable oil is there and it could be another A5 gusher, otherwise we'll be looking at another sidetrack to do which could coincide with the A5/ A7 Deep well results mid-year.

The market/ share price is definitely not factoring any of the approaching 'major' events, especially the 846/ 270 bopd produced from two wells that will give CASP immediate revenue income once the KAA reg is signed off - in it's self a major mile stone. How many companies share prices rocket on producing 800+ bopd?

Anyway looking forward to the A6 Deep Well flowing.

DM,

The $88m was advanced and kicked the $72.5m inti touch.

Now they are going to accelerated work on the Airshagyl wells with results by mid-next years any new offer is going to have to be multiples of that.

I was dead against the shallows deal which I thought was extremely well undervalued - this has proven to be the case with 4 major shareholders suing for $25m which would wipe off CASP's current net $23m bank balance (it's doubtful this case will be successful according CASP and a number of international lawyers - hence no dosh has been put aside to pay it), which might be a reason for the share price not moving. I'd guess once the courts have thrown the case out we'll see another uplift in the shares price further down the road.

In the meantime there's a ton of news on it's way this month/ Jan so either way it's business as usual for now.

1 December 2025 RNS:

''RESULTS of chemical treatment UNDERWAY at Deep Well A6 on the BNG Contract Area''.

We could see the initial flow test results tomorrow after circ. 9 days of the acid wash commencing. It will probably take a couple of weeks to pump out most of the fluids, news should be out next week imo fingers crossed it was a successful acid wash.

There are 3 other wells that could be tested this month 803/ WS/ B8 P1 (with 2 wells pending on Akkaduk).

Block 8 contract area signed off by the KAA = production under CASP's belt and Reserves to book.

North Yelemes license also signed off (could we see the 803 Deep Well testing too this month?) = production under CASP's belt and Reserves to book.

According to CASP the above could be out of the way this month. :- )

DM,

Note: 'principal' four rigs, I think the G70 rig is still in the process of being bought, so tentively 5 rigs.

Now they have the dosh I think we will see a RNS confirming this before the A7 Deep Well starts drilling again.imo.

DM,

CASP in their 1 December 2025 RNS for the 2024 Y/E report they state the following:

''Oilfield services

 Onshore

The regulatory related delays at the Group's onshore existing and prospective assets meant our CTS drilling subsidiary was far less active in 2024 than in 2023 with at the year-end two of its four principal rigs in storage.''

There's no mention of them owning 5 rigs in the 2024 Y/E audit by 31 December 2024.

A you know I've been banging on about the G70 rigs purchase for a couple of years now - it drilled the A8 Deep Well to 5,300m with no problems and was taken off drilling the A7 Deep Well at 2,150m to drill a shallow well (815?) last year.

Perhaps they put the horse before the cart in their RNS 23 March 2024?

However, they recently said 'depending on rig availability' the G70 rig is planned to re-drill the A7 Deep Well (I did post - is this a joke re 'availability').

CASP have 4 rigs and the G70 rig waiting in the wings to drill the A7 Deep Well, which is still pending purchase ($750k?).

CASP currently have 1 rig drilling on the West Shalva license, which should be freed up in January, no doubt it will drill another well on West Shalva in Feb/ Mar next year (IF there's commercial oil there).

1 Rig was drilling the 803 Deep Well, which stopped drilling in Oct 2024, I'd guess it was moved over to Block 8 to drill one or two of the 5 wells drilled there along with the owners rigs - it looks like ALL the drilling costs on Block 8 have been bore by CASP.

This leaves the 2 rigs that are/ were in storage:

1 Rig will be being dusted off to drill the A5 Deep Well in Q1.

1 rig will go back to drill the 803 Deep Well to TD where the NY License is due to be approved THIS month, 803 test results this month/ January.

I wouldn't be surprised to hear the G70 rig has been mobilized in the next Op's RNS and it's on its way to the A7 Deep Well to start redrilling it to 5,300m TD.

That's where we are with the rigs. imo.

Note:

''RESULTS of chemical treatment UNDERWAY at Deep Well A6 on the BNG Contract Area''.

The A6 Deep Well results are imminent and if successful should help with lifting the share price to double digits, with another deep well (803) testing completed in January, Block 8 P1 Well sidetrack results due this month/ January and West Shalva testing this month/ January to boot -  we'll have to wait until mid-year for the A5/ A7 Deep well results.

So all 5 rigs should be freed up by mid 2026 (others earlier) meaning we should see all 5 rigs in action in 2H again. CASP say they won't drill any more wells on BNG  - what I think Carver means to say is 'exploration wells' and in 2H we'll see deep 'appraisal wells' drilled/ planned along with a FDP: Note: world class licenses don't have 26m boo. ;- ).

 

Some on here will always be looking in the rear view mirror, I prefer to look ahead.

BM,

It looks like you asking Carver at the AGM about my A6 Deep Well question about doing the acid wash prompted him to get it done.

They've probably started pumping the drilling fluid/ acid wash out now.

News due imminently 🤔

"It should help enable a potentially world class asset to be developed for the benefit of all stakeholders including the Kazakh state."

Even with the 801/ A8 Deep Wells being none commercial wells they are still saying BNG potentially 'world class'.

A positive RNS a day keeps the negheads away :- )

Anyone selling out this month who've been here for a long time must be nuts.

December and January are very big months, hold out if you can.

I'll have a guess that by the end of January oil production increases will have grown to 3k bopd and 5k bopd if the A6 acid wash unblocks the well and it's flowing commercially.

The A5-A7 Deep Wells should be drilling in Q1 so production increases by mid year could take production to 10k+ bopb. imo.

Reserves booked from WS, B8, YN and Airshagyl reserves upgrade are on the cards next year to boot.

Getting in at 3p will imo see massive profits in the coming month(s).

Fact not fiction. imo.

DM,

Add 400m of stuck pipe needed pulling out.

Like I've said they should buy the specialist equipment needed to pull the pipe out themselves instead of giving a Specialist a % of the oil production for pulling it out. This well flowing at 1k bopd would soon pay for the equipment which could be used on other CASP wells with stuck pipes, and charge other companies for pulling their stuck pipes out.

I'd rather they did that than buy new mining equipment venture.

Even better get the G70 rig bought, this might actually happen before they start redrilling the A7 Deep Well.

DM,

Yep, and forgot to add the P1 Well on Block 8 was expected to be sidetracked last month so we could also see that well flowing this month too.

All 5 structure flowing this month should put a rocket under the share prices ass.

We're gradually ticking off the December boxes.

Looks like we're going to have production this from testing the 803 Deep Well this month (will they continue down to the main taget below the salt layer or sidetrack it?) and the A6 Deep Well (could be another A5vgusher) if the acid wash is successful.

Throw in live oil confirmed from the first WS target in the Jurassic 2,300m and Triassic at 2,600m this month to boot.

By month end 500+ bopd from 803 and 2k? bopd from the A6 Deep Well.

New reserves booked in Q1 from Yelemes for sure.

Halfwit.

Staff and drilling crew bonuses etc..

2,121,210 shares being issued at 5p should see a bit of a rise today.

Lam,

It's all down hill now, the years of being unfunded are over, if any mining prospects had already been paid for we'll find out this month.

Perhaps a similar deal to B8 or WS is being done to preserve cash, either way they'll no doubt have to spend a few million on mining equipment as part of a WI deal.

Just to add re the $23m in the bank I don't think they have spent circ. $46m of the $69.1m - I wish Carver could be more specific and say "today re 1 December 2025", oh well another ambiguous line to clarify in the 31 December 2025 YE accounts.

Another question to ask at the next AGM.