Member Info for somm

I'm surprised there hasn't been any trades today thus far considering after 3 weeks the possibility of 803 flow news next Monday/ week.

Hmmmm, I mean how long does it take to test a 60 meter gross oil bearing zone. ;- )

Just ONE charter per year starting in 2026 could generate $140, 000,000 Gross over a 10 year period with the same contract as DM's below post.

They were reckoning on 3 charters this year - only 7 months to go to book at least one ;-).

803 Deep Well: 18 May 2026.

"The well has now been deepened to a depth of 3,906 meters on the way to targeting potentially much larger oil bearing intervals at depths between 3,920 and 3,980 meters. The new potential intervals are expected to be reached later this month following which the plan is to perforate and if appropriate commence flow testing"

Testing these larger intervals would have commenced a week ago if the core samples showed live oil, so are they flowing Mr. C?

JUST HAD A RE-READ AND FFS!

''RNS 13 March 2026

Block 8

At the Block 8 Contract Area the Group holds the licence for the Sholkara structure and continues to work with the Kazakh authorities to renew the licence for the Akkaduk structure.  KNOCKING ON ANOTHER 3 MONTHS - WHAT IS THE SECOND MINISTRY PLAYING AT?

At the Sholkara structure testing work continues to perforate a new 6 meter interval at Deep Well P1 at a depth of 3,467 meters. Once completed the rig will then move to Deep Well P2 to drill a 400 meter side track from a depth of 3,100 meters targeting oil in the Permian dolomite.''

CARVER/ COO GIVE SHAREHOLDERS THE IMPRESSION THE 6 METER INTERVAL IS BEING PREFORATED AT DEEP WELL P1.............SEE THE BELOW COMMENT 2 MONTHS LATER.

RNS 18 MAY 2025

Block 8

On completion of work at Deep Well 803 at the BNG Contract Area the drilling pipes used will move to Deep Well P2 to drill a 400 meter side track from a depth of 3,100 meters targeting oil in the Permian dolomite.

We then plan to re-perforate Deep Well P1.''

THEY NOT CURRENTLY PERFORATING THE P1 DEEP WELL ATM AS INDICATED AND THEY ARE NOT GOING TO PERFORATE THE 6 METER INTERVAL UNTIL AFTER THE P2 DEEP WELL HAS BEEN COMPLETED, WHICH FIRST NEEDS THE 803 DEEP WELLS DRILL PIPES, FFS. THEREFORE PERFORATING THE 6 METER INTERVAL WON'T HAPPEN FOR ANOTHER HMMMMM 3 MONTHS. IMO.

THE DEEP WELL P1 WILL HAVE TAKEN AT LEAST 6 MONTHS TO BE PERFORATED FROM THE 13 MARCH RNS. 

WE WON'T SEE OIL FROM DEEP WELL P2 FOR ANOTHER COUPLE OF MONTHS TO BOOT.

AND WHAT'S HAPPENING WITH THE P1 DEEP WELL RIG WHILE IT'S WAITING TO DRILL THE P2 DEEP WELL IN THE MEANTIME? INSTEAD OF WAITING FOR THE DRILL PIPE FROM THE 803 DEEP WELL TO DRILL THE P2 DEEP WELLS 400 METER SIDETRACK .......HOPE YOU'RE ALL KEEPING UP...........MOVE THE F .UCKER TO THE A5/ A6 TO DRILL THEIR  SIDETRACKS INSTEAD THAT ARE WAITING RIG AVAILABILITY.

NEW COO NEEDED ASAP................JEEZ!

Yeah hopefully, in Q1 they should have a decent amount of revenue rolling in from 803/ A6 (3k+ bopd) / P1-P2 (1.5k bopd) and the 2 WS wells (1k bopd) and hopefully oil from the new 701 Deep Well and the LK6 shallow well, and mining revenue to boot.

802/ A5/ A7 wells too might be stretching it unless they can hire some more rigs............802/ A5 are capable of producing 3k bopd - what are they waiting for it's been years, commercial oil is sat there doing SFA......... 3k bopd netting a $30 net bopd profit over three years is circ, $100, 000,000 they could have been making..............

Get a proper COO in who knows what he's doing.........

R,

They've been trying to get a specialist onboard to pull the pipe out for years, they have a drill company and should buy the specialist equipment themselves, they could hire it out themselves later.

709-900 bopd from an open hole, 1,000+ bopd when the pipes removed, how much would 1,000+ bopd have generated over 3 years?

They've just loaned a million bucks out to their new mining company, that could have gone towards buying the specialist equipment instead.

It's not rocket science......

2 × 250 buys.

Someone must have read my posts 😉

To add it's worth noting:

''These are two new deep wells at the Yelemes Deep structure targeting Permian limestone, a new shallower well at the Yelemes Deep structure targeting Triassic sandstone and a new shallow well on a potential new shallow structure LK6 targeting Cretaceous Point Bar Sandstone.''

The new LK6 shallow structure could prove to be a winner too.

The problem they have is with rig availability, however they have indicated they would hire other rigs out.

'' The work on all these wells will be carried out by the Group's in house drilling company CTS and for the most part using rigs owned by the Group.''

Note: 'Most part', which will no doubt mean hiring the G70 rig and hopefully other rigs too.

CASP should generate a significant oil revenue stream in 2H to help pay for hiring additional rigs if needed. imo.

CASP need to employ a very experienced Operations Manager who fully understands the overseeing of a large scale operation, not geologists with their own interests at heart, who can put into place major priorities like getting oil flowing, buying mining companies was not a priority getting A5/ A6/ A7/ 802 etc. were/ are.

Roll on 803.........

DM,

Both 802-803 Deep wells are on par and could potentially produce thousands of bopd from multiple intervals. What pi sses me off is they've had years to pull out the stuck 802 Deep Wells drill pipe (3,400m of piping) that could be being used now on the Block 8 P1/ P2 Deep Wells sidetracks instead of having to wait for the 803 Deep Well to complete. Q: if they have no drill pipes to drill he two B8 sidetracks until the 803 is completed what are they going to do with the G40 rig that is currently being used on the 803 Deep Well as there's a rig already on Block 8.

This G40 rig will have no drill pipes to drill another well, are more drill pipes on order, unless there's some tubing left over to sidetrack the A6 Deep Well?

I think the 804 Deep Well is the new 701 Deep Well, they will drill another YD deep well next year i.e. the 702 Deep Well and a shallow YD well this/ next year to boot.

The 803 Deep Well has two 60 meter oil bearing zones thus far plus whatever the thickness of the secondary target has so potentially 150 meters of gross oil zones - what is the total net pay? we know there's a 10 meter net flowing interval from the first 60 meters gross zone and they think the next 60 meters they're currenting testing has larger net pay intervals, if there are and they flow commercially then we're looking at sizeable stacked intervals spanning at least several km, even further with step out wells - like the 702 Deep Well? This YD structure is 36 km sq, cough! I think the planned YD shallow well will drill into the 500 bopd interval a bit further out.

They should stop fannying around and sidetrack the A5/ A6 Deep Wells by hiring rigs if need be, they've had the shallows dosh for over a year and 4 rigs in storage over the past few years gathering dust, instead of loaning money out for mining equipment ($1m) get the foo kers sidetracked and hire a rig instead if there's none available.

802/ A5 Deep Wells combined CAN produce X,000's bopd and they're just sat there waiting for the COO to pull his finger out. Forget about drilling another WS shallow well and get cracking on these deep well sidetracks that can be drilled quicker than a new WS shallow well..

Whining over................not.

"Deep Well 802

Drilling has reached a depth of 3,614 meters without incident and has paused to allow approximately 300 meters of casing to be laid.

The salt layer is believed to be bounded between depths of 3,580 meters and 3,860 meters. The oil bearing interval previously encountered was at a depth of 3,900 meters. We intend to drill to a depth of 4,100 meters before perforating and testing the well."

Remember the 802 Deep Well encounteted oil at 3,900m after drilling through the salt layer and flowed between 700-900 bopd.

The 803 Deep Well was last at 3,906m two weeks ago and I asked then if perhaps they'd drilled into a live oil interval around this depth? If yes then combined with larger intervals also flowing commercially between 3.920m-3,980m we could have a serious gusher on our hands with the deeper secondary target at 4,200m to boot.

The depths where commercially flowing oil is at are on par, what could this Primary 60m gross target flow at?

802, 803 and the 701 Deep Well could prove up significant reserves being booked from across several layered intervals that stretch for miles.

Can't wait for the next RNS........

"Deep Well 802

Drilling has reached a depth of 3,614 meters without incident and has paused to allow approximately 300 meters of casing to be laid.

The salt layer is believed to be bounded between depths of 3,580 meters and 3,860 meters. The oil bearing interval previously encountered was at a depth of 3,900 meters. We intend to drill to a depth of 4,100 meters before perforating and testing the well."

Remember the 802 Deep Well encounteted oil at 3,900m after drilling through the salt layer and flowed between 700-900 bopd.

The 803 Deep Well was last at 3,906m two weeks ago and I asked then if perhaps they'd drilled into a live oil interval around this depth? If yes then combined with larger intervals also flowing commercially between 3.920m-3,980m we could have a serious gusher on our hands with the deeper secondary target at 4,200m to boot.

The depths where commercially flowing oil are at are alined. What could this Primary 60m gross target flow at?

802, 803 and the 701 Deep Well could prove up significant reserves being booked from across several layered intervals that stretch for miles.

There were no blockages reported with any of the 801's 4 intervals hopefully the same goes for the 803 Deep Well.

We should have an Update this week on the initial flow test results if not then they've carried onto the 4,200m Secondary target imo, which could prove to be a bigger reservoir than the Primary target.

Personally I think they are now testing the well between 3,920m-3,980m as it's been 2 weeks since drilling ahead from 3,906m.

Got to be in it to win it, flow baby flow.............

Flow testing Sat/Sun Monday news possible.......

Speculation m' lord!

4 different lawyers have said there's no case, this will fky when kicked out.

3 none shareholders is that a joke?

Yeah same here.

They have to get the other deep wells (A5-A6 & Block 8 P1-P2) flowing too in 2H to see any significant share price hike, 803 flowing would indeed be a start.

The two B8 deep wells need the 803 drill pipe so they're way off.

A5-A6 sidetracks need a rig.

The new 701 Deep Well spud depends on positive 803 results, which imo won't hit TD until Q1 2027.

They will have to hire other rigs imo along with the G70 rig to meet their commitments.

WS is the only other near term oil flow update we can expect, unless the Akkaduk license is approved and they can test the two already drilled deep wells in Q3?

The share price should respond well in the next week or so if the 803 Deeo Well is a serious gusher ( sell off allowing).

By my reckoning they should have begun fracturing the 'larger' intervals today between 3,920m and 3,980m, fingers crossed they flow commercially with no blockages, news out next week on initial test results/ drilling deeper to the 4,200m secondary target?

Hope you all have a fracking good weekend.

News on B8/ WS.

B8 is waiting on the 803 drill pipes so a month away before the P2 sidetrack to commences.

WS is still testing the well to see if it flows a lot more than 300 bopd before deciding on whether to drill it deeper or drill another well. Another month for a decision?

Which leaves us with the A6 Deep Wells sidetrack " in due course", by my rig count they have a spare rig, so another month before drilling starts?

701 Deep Well in Q3.

Which leaves us with the 803 Deep Wells flow results next week or so.

EM approval on mining acquisitions/ WS flowing properly will see circ. 500m shares added to the shares in issue pot, which could easily dampen any positive 803 flow result.

If the $25m court case is thrown out we could see the sp double overnight imo.

Charters/ A7 have been kicked down the road.

It's all about the 803 Deep Well for now which should be waiting on the casings cement to harden.

Hopefully Rosie will be flusher next week and us lot to boot. ;-)

13 May.

"Deep Well 803, which had an original planned total depth of 4,500 meters with a primary target at a depth of 3,950 meters and a secondary target at a depth of 4,200 meters, was drilled to a depth of 3,420 meters before work paused towards the end of 2024 for the renewal of the licence. "

18 May.

CASP said they had drilled deeper to 3,905m.

That's a difference of 485 metres i.e. if they had started to redrill the well on the 13th from 3,420 metres that would mean they'd drilled 97 metres per day on average for 5 days!

That's got to be a record for metres per day drilled, surely they were deeper than 3,420 metres?

If true then they'll definitely be flow testing the well by weekend.

If the 803 Deep Wells primary target has larger intervals than the shallowers 10m net pay interval that flowed 500 bopd what could the primary zone flow at?

Deeper = more oil with higher pressure/ higher flow rate/ two or three 15/ 20 metre intervals?

Secondary target at 4,200m as above?

Yours for 2p.

CASP decided to drill the 803 Deep Well deeper targeting larger oil bearing intervals between 3,920m and 3,980m even though they'd hit an unexpected 500 bopd interval (60m gross/ 10m net) above their primary target.

They will no doubt drill down to circ. 4,000m - this is only 200m from the wells deeper secondary target.

If they continued to drill to 4,200m it would take them another couple of weeks to flow test it etc..

The question is will they and then drill further down to the original 4,500m TD? Drilling down this deep may give the 701 Deep Well an indication if there's live oil between 4,500m and TD at 5,000m?

Imo they will drill deeper to the secondary target - we may get an Update next week on how the flow testing of the primary target has gone or not for a couple of weeks more re after they've flow tested the 4,200m secondary target.

Just saying news next week may not be nailed on. If there's no Update next week/ week after then I'd assume they've continued drilling further down.

Clive likes to get good oil flowing news out early so who knows.

The early bird catches the worm.