Member Info for somm

L45,

I think it's highly unlikely CASP will receive AR funds this week as the acquisition will have to be signed off by the Energy Ministry (EM) first and then $14m/ $54m bank loan sorted (look at the sale conditions RNS'd), and look how long the EM is taking to fully sign off on the shallows acquisition - another two months though work can commence in advance.

I think funds will be received in the new tax year.

Rosie,

Evidently not.

We could have a double whammy week commencing 3 March.

''West Shalva:

21 February - A G40 rig previously in use at the BNG Contract Area has been identified for the work and is being transported to the West Shalva Contract area.''

Absolute Resources:

We should get an AR update on whether the deal has been agreed or not W/C 3/3 .

W/C 3/3 we could see the AR deal signed-off and a WS well spudding/ other.

The 3ps won't last much longer either ;- )

L24,

I would..........oh hang on a sec!

Like I said the other day the .2ps buying window wouldn't last for much longer, now gone.

I don't think any of todays sells are sells as today HL sell price has been .300p not .320p.

I still want the share price to be sub .3p until the new tax year, though it'll be cutting it close lol. imo.

CC, must have read my final comment in yesterdays post. ; -)

CASP's first exploration well on West Shalva will drill to 2,660m TD but it should be noted that next door (Shalva) a potential oil column was logged at 1,033m - meaning we could have an update within a month of drilling IF oil flows, with potential oil columns deeper down, I reckon the drill bit will hit TD in mid June IF no problems.

''Other matters

While we have had little to announce in recent months as we progressed the various corporate transactions underway, we expect in the coming weeks to be able to update shareholders on a range of developments, including but not limited to the previously announced proposed $88 million disposal of the MJF / South Yelemes structures on the BNG Contract Area and the acquisition of the Block 8 Contract Area.''

So besides the AR and B8 acquisitions what other news can we expect in the coming weeks?

B8/ BNG Licenses - Mining acquisition - West Shalva well spudded - 815 Shallow Well update - CE dosh/ cash in bank - special dividend intent/ share buy back - new CE charter - G70 rig finally purchased - Specialist onboard to remove the 802 stuck pipe - B8 well testing started..........I'll stop there.

Looks like we'll be getting a very big swig from the bottle neck soon.

Eldwick,

I wouldn't expect to see any oil produced for a very long time from A3B, 2027 would be the very earliest imo in a very perfect world.

The BNG 10 year license cost $32 million ($800k per quarter), how much for the two new 25 year licenses?, how much will it cost for a new 25 year A3B license (the same as BNG??) and how long will it take the KAZ OM to process a new A3B license 6 - 12 months? and from there 12 months to spud a well? and 6+ months to hit TD thereafter. That's why I don't see anything happening drill wise or license renewal until at least 2027-28. CASP should have the dosh soon to move forward with the A3B license renewal process IF the KAZ government wants them to drill it, the dispute seem to be out of the way so let's see.

As far as BNG being the Son of Tengiz this is now very questionable with the Airshagyl structures A8 Deep Well being non commercial and the smaller Yelemens structures 801 Deep Well being a duster reducing the size of the price imo, also with the initial immediate drainage vicinity (IDV) having a pittance 79m boo of 1C/ 2C Reserves from three wells and what about Yelemes's initial Reserves - a lot less? CC says they won't be drilling any more wells on BNG, Uh!. I hope he means exploration wells because they are going to have to drill several appraisal wells to increase the IDV and Reserves (FDP) - where's the 900m OIP barrels touted and 300m boo of recoverable oil coming from?

They should receive the AR dosh in Q2 and then they'll be able to throw everything at completing the 5 deep wells on the two BNG structures, once the two licenses have been approved along with testing Block 8/ WS. CASP have been dead in the water for 6 months and will remain so until they get licenses, which is very frustrating.

Next up news on Western Shalva deal done and Absolute Resources deal completed in no particular order....

Getmeout,

You'll have to ask CASP that question.

However they have 2 flowing Block 8 wells (to be worked over to bring production back up to 800 bopd again) and one deep well to be tested shortly along with flowing the 802 deep well where testing is also to be completed when they get the licences, the 803 deep well also flows 700 bopd from an open hole (once the stuck pipe is removed it should produce 1K+ bopd), then we have the A6 Deep Well acid wash (that well also flowed) and the A5 Deep Well sidetrack to look forward to being drilled (the well initialy flowed nearly 4K bopd, doubling the shallow oil production) and the A7 Deep Well which is half way down to TD.

Remember they drilled the A8 Deep Well to 5000m with no problems and flowed it, so they can do it, which gives me confidence we'll see a deep well flowing.

Like I said 2H is showtime.

Getmeout,

I don't think the share price will move much when AR confirm they are happy to go ahead and buy the shallows on the 28th or so, because the KAZ OM will still have to sign-off on the exchange of ownership and then the bank loan will have to be finalized and the funds transferred - the OM are slow in signing anything off, look at how long it's taking for WS change of ownership/ licenses to be processed, personally I'm hoping the share price is still around the 3p mark come the new tax year so I can transfer a decent amount of shares into my ISA. The market doesn't like risk so until the BNG licenses etc. are sorted, which could still be months away I couldn't even guess where the share price could be mid-year, however once they have the licenses and AR dosh it's game on and hope the share price is in the double digits towards year with having successful at the A5-6-7/ 802-3/ B8 wells and WS to boot.

2H is showtime.

The MC is currently circ. £71m = 3p share price.

AR deal $88m = MC 3p

Airshagyl Reserves 79m @$2 pb = 6p

Yelemes Reserves on par? = 6p

Block 8 and WS Reserves = 3p-6p

CE/ Drill Co/ Trading Co = 3p

Throw in production/ sentiment - T/O 30% premium?

These numbers are inline to having gotten a couple of bucks for the shallow oil Reserves and current MC - the deep oil Reserves should get double possibly 4 * according to WH Ireland ($8 pboo). $4 pboo puts ZEUS's TP inline with the above - B8/ WS are not included in their valuation.

They still have a 5 month window to sign-off on the two 25 year BNG licenses, hopefully we don't have to wait that long so next to drill will probably be WS with B8 in the wings.

Soon be 5p.

Divermike,

May the force be with me.

Jimmyg1,

I forcibly demanded Mr. C unttious put me on ignore as I didn't want him to benefit either way from my posts, which he obviously hasn't done. He said he topped up on CASP last January because of 'EXPERT ADVICE' on here who he now blames for his poor decision making, LMFAOsomuch! exactly whose 'experts advice' on here? the butchers, the bakers, the candlestick maker or the Diver whose gone around the bend.

He's just another numpty who never posts any research on here as with the other three stooges who add nothing.

This is a discussion board for shareholders who wish to share their research, analysis and joining of the dots - none of which these numpties ilk will ever do.

Gritster,

Untrue rumours? Oh dear you really are a numpty.

Gritster,

''Why would i wanna sell up in the morning and lose loads of cash, I will still be here in 2026 because it wont hit 5p never mind 10p this year.''

LMFAO!!!

Because dummy there's no point sitting on your few shares here for the next 12 months if the shares price isn't going to go up that's why, duh!

The way out is to sell up in the morning and invest elsewhere - see you in 2026.

There's always one numpty spouting utter nonsense.

Gritster,

You say the share price will not hit 5p this year though you want 10p before selling?

Then sell up in the morning and buy back in in 2026, you won't will you - explain WHY that is?

Is it because of all 'this stuff' we reckon is going on, lol!

See you back here in 2026, right?

You have a few shares in the bottom draw, move on.

Gritster,

You want them to issue an RNS - Op's Update when there's no drilling going on are you stupid?

CASP have told you the WS consent was given and is in the hands of the KAZ OM.

CASP have told you they got $6m-$7m for CE hire.

CASP have told you which BNG shallow terms need to met to complete the sale.

CASP have told you they have a license for the 1st B8 structure and waiting on the 2nd license.

CASP have told you they two 25 year licenses have been applied for and are in the hands of the KAZ OM.

So what operational drilling do you want them to report on exactly, they don't have licenses yet, try understanding what's actually happening - you won't have long to wait and I fully expect you to be loooooong gone at months end at 5p re AR deal being signed off.

Q,

They're supposedly buying into a mine re a WI, if they mine the 2 gold license then yes.

OJ,

Get the licenses and the AR dosh sorted and we're off.

The goal post has been moved so many time with COVID/ oil price crash and now we're waiting on others to sign-off on multiple deals etc. so we can start drilling again.

Once the licenses have been sorted we can all breathe, multiple drilling results are on the cards in Q2-Q3....Q4 will be very telling.

If CASP can book a couple of hundred million barrels and flow a deep or two then no doubt a Major will be having a closer look at the BNG deeps.

A3B is the elephant in the room - if they get the AR dosh then may be they can wave a big fat brown envelope in the air to get it on the books again and drill it, if that flowed too then CASP would soon be gone for sure.

I was disappointed with what CASP got offered for the 40m barrels of shallow Reserves (circ. $2 pb), probably helped by the fact that the shallows have been pumping oil for 10 years, the BNG deeps haven't been touched yet so would expect a lot more $$ per barrel come a T/O offer, especially with having a longer life span-better API and two new 25 year licenses.

I'd better stop there before I talk myself into buying a load more shares, lol.

I bought circ. 8p and sold at circ. 13p several years ago on the back of the A5 Deep Well drilling and started buying again in 2021.

What will the share price go to on the back of WS-B8-mining purchase complete and flowing, the A5-6-7 wells and 801-802 wells flowing - 2 new * 25 years deep licenses, Y/ A/ B8/ WS Reserves booked and $80m-$100m in the bank, 5k-10k bopd production to boot?

Roll out the barrel, we'll have a barrel of fun

Roll out the barrel, we've got the blues on the run...............

Tick tock.

''The Board confirms that as part of the process to achieve separate 25 year production licences at the Airshagyl and Yelemes Deep structures it has agreed with the Kazakh authorities to extend the previous appraisal licence for up to a further 12 months.

This will allow time for the completion and review of the supporting licence upgrade applications, including the independent reserves assessment already completed for the Airshagyl structure and the equivalent assessment at the Yelemes Deep structure, which is awaiting the outcome of testing at Deep Well 803.

Deep Well 803, which was drilled on the Yelemes Deep structure and where oil was detected over a 60 meter interval between depths of 3,360 and 3,420 meters, has initially tested at around the 500 bopd level. Further testing will be conducted once the licence extensions referred to above are in place.''

Further testing of the 803 Deep Well will be conducted once the 25 year Yelemes license extension has been completed, which could take up to 12 months to be signed-off (already over 5 months) - the 12 month BNG appraisal licence extension will allow time for the completion and review of the supporting licence upgrade applications - which needs Yelemes Reserves booking first to get the license upgrade.

If I'm reading this correctly they're aiming to book the Yelemes Deep Structures Reserves first then (now would be nice) do further 803 Deep Well testing later after they have the license.

The 802 and 803 Deep Wells flow (801 won't be tested (apparently 4 dud intervals?) and may not be included in the Yelemes Reserve numbers?) and will be used to book Yelemes Reserves - so after over 5 months what's taking so long for the independent Yelemes Reserves assessment - they need the Reserves numbers to process the Yelemes 25 year license upgrade, they've given themselves a 12 month window to book the Reserves - 12 months, I hope not.

CASP and the independent assessor know the thickness of the Yelemes intervals and the distance between the wells plus the seismic data, Airshagyl Reserves were assessed using 3 wells, A5 well was flowing, A6 well? and the A7 Deep Well is only half way down to TD, so has the shallower 803 Deep Wells 15m net oil interval (60m Gross still to be tested) put them in a pickle hence the wait - could the Yelemes Reserves be on par with those booked at Airshagyl? The distance between the 801-2-3 wells immediate drainage vicinity should be similar to the A wells - hopefully the Yelemes Reserve numbers will be worth the wait.

WRT Block 8 - once the second structures license is signed-off there could be a double whammy on the cards re more Reserves booked soon after.