Member Info for somm

Circ. 80m boo already booked from the Airshagl structure, NY structure circ. 40m? boo, add say another 40m? boo initially for each of the two Block 8 structures (plus WS later in Q2-Q3).

We could see 200m boo booked from these structures initially in Q 1-2.

How much did Long say 300m barrels from BNG alone were worth?

The deep oil is apparently worth more than the shallow oil which sold for approx. $2 pboo re

circ. 40m boo of shallow oil sold at a fire sale price of $88m - what's that for 200m barrels, what if $4-$8 pboo?

Remember these structures have already been drilled and with tens of millions of dollars about to be banked they'll have the funding to really get stuck in firming the oil up.

Add in value for the other assets.

Once the paperwork has been signed off on the blocks the market will let this go, imo.

If the Sholkara structure has an estimated 100m-400m boo will the Akkuduk structure also have similar estimates? Once the purchase of Block 8 has completed and testing done they will be able to book Reserves from hopefully both of these strucutres as they're doing with the 2 BNG deep structures, possibly in Q1 together with NY.

Another piece of the pie.

The share price will never see 5p in 2025.

Mmmwwwwaaaaashhhhh!!!

Thanks for the link rhertig,

Hopefully another $6 million+ drilling fee in 2025 and 2026 coming CAShP's way.....

BM,

They know not what they say.

Another 352k added to the pot.

What I see happening in Q1 and Q2.

Q1 should see the two BNG deep 25 year licenses signed off, WS sale completed along with the Block 8 license. Drilling/ sidetrack at the A7 and A5 Deep Wells resume and production restarted with approx. 110 bopd from Block 8 and 500+ bopd from the 803 Deep Well and if we're lucky commercial flow rates from the Block 8 testing - X bopd? A mining deal announced and the bulk of the CE and AR dosh hitting the bank. Another biggy is getting a Specialist onboard to pull the 802 Deep Wells stuck pipe out and seeing flow rates achieve 1K+ bopd (they could buy their own specialist equipment and pull the stuck pipes out of the A5/ 802 Deep Wells, they have the dosh - I'd rather they did that than spend circ. $5m on new mining venture equipment).

Q2 should see production increasing from the current deep wells on Block 8 (reworked to increase flow rates back to 800 bopd?, further 803 Deep Well testing could see a higher flow rate than 500 bopd and if we're really lucky the A5 Deep Well and A7 Deep Well (when they finally buy the G70 rig) could both flow X000's, and would great to see WS flowing shallow oil too.

Q3-Q4 are a way off, but if all the above come good it's game on for a Major to come sniffing.........

They will soon have a huge pile of dosh so there's nothing stopping them now.......

Quaytec,

Yep, but let's not forget the reasons why CASP's share price is where it is today with what's happened over the past few years other than stuck pipes etc.. CASP were almost broke in 2021-22 with the oil price crash seeing local oil sales at $6 pb and $16 pb for international oil sales, COVOD 19, sanctions on the export pipeline oil price continuing (this will continues for years, imo) and the drilling operations halted this year due to the pending license renewals - CASP have been dead in the water these past few months and that's about to change in Q1.

Had it not been for these events supressing the share price, that were are out of CASP's hands, many shareholders would not be benefiting from holding millions of shares as they do today, so these events have also had a positive effect for many who've been able to build a large positions in CASP which will enable a lot of them to become millionaires. CASP will soon restarts it's drilling program across 5 structures with tens of millions of dollars in the bank to fund the works and venture into mining to boot. There's no doubt it's been a very dark period for CASP and it's shareholders, but CASP imo will prove to have weathered these past storms and I look forward to CASP booking more Reserves from B8, WS and NY in the very near future and company a reset.

As Hughie Green said opportunity knocks.............

If you take the circ. 80m boo already booked at around $2 pboo and double that together with B8 /NY/ WS structures to say 160m boo then add in CE/ $100m cash/ rig Co/ Trading Co etc. you'd probably be looking at a value of around $350m Q1.

Then double the BNG booked barrels with appraisal wells widening the drainage area/ increase Reserves and a higher dollar pboo sales price than they got for the shallows and we're probably looking at a value of around $500m+ by 2026 (17p?) - in the short term, adding further mining/ WS/ B8 develops to boot.

With a T/O premium and more than one bidder who knows, but CC reckons CASP are worth over 69p...............

Once the licenses are renewed and drilling resumes the II's that can invest in AIM companies/ the market etc. will have seen the risk reduced and the share price will rise very quickly imo, like I've said for many moons having no licenses will/ have held back the share price and that's proven to be the case, CASP will soon be let to fly after a disastrous 2023/ 2024. There's no excuses for 2025 not to be a successful year the shackles are coming off. imo.

We'll know soon enough as Q1 will be very telling...........

Dear Santa, DM meant to say 62p on the wish list ;- )

DM, sounds like you've had a few camel toes too cooked by Wan King the chef.

Parliament to debate a new election in January - power to the people!

If there is to be a new election I doubt Labour would win again, especially if the Tory's revised their manifesto to include abolishing IHT - a vote winner imo and reverse CGT hikes etc..

Https://www.msn.com/en-gb/news/uknews/more-than-2-6-million-have-signed-the-petition-for-a-general-election-but-what-amount-will-make-pm-listen/ar-AA1uMMkO?ocid=msedgntp&pc=DCTS&cvid=03b727f25a7143f3b2c8c30eef749f1f&ei=14

2.7m+ now.

Will we see the petition mentioned in the PM's Questions Time tomorrow 12:30pm?

I think the Tory's will be all over this tomorrow, might fun to see Starmer squeal.....

£50 billion generated by 2030............

Another 800k signatures since my post.

''Keir Starmer issues defiant response to petition calling for general election'' - the petition is getting massive traction across the country and he's having to acknowledge it on national TV.

https://www.msn.com/en-gb/news/uknews/keir-starmer-issues-defiant-response-to-petition-calling-for-general-election/ar-AA1uIRCI?ocid=msedgntp&pc=DCTS&cvid=b25585b8bc5440f2ab367a44da28d529&ei=32

IHT £325k capped for another 5 years! how many estates are going to get caught with increasing house prices/ savings? IHT 20% on AIM stocks, CGT increased to 24% - how may farms worth over £1million will have disappeared by 2030 because the kids can't find the money to pay the 40% IHT bill? IHT should be abolished across the board, imo.

The Tories were debating how to reduce the death tax or get rid of IHT completely, now we're stuck with it for another 5 years - if there were another General Election Labour would be out, imo.

With estate valuations increasing each year mainly from the increase in property prices the IHT tax generated p.a. will be £10+ billion each year towards 2030, IHT should be abolished - that's £50 billion per year generated from double taxation, it's not just the rich being effected but the working man.

Apologies for the off-topic, but IHT really gets me galled up having already paid tax on my hard earned money, I want to pass on ALL my dosh to the kids without them having to pay tax on the cash/ estate they will inherit.........

We're all going to be fu kced at the £1 party...........

Header won't change. to New Election Petition

Just signed this 'new election petition' created by Michael Westwood as I'm not happy with Labours tax hikes etc. - 1.6m+ signatures already and growing fast.

https://petition.parliament.uk/petitions/700143

You're probably the best one to ask CC given your past correspondences - let us know what he says.

Hopefully the two deep BNG licenses don't take as long as Block 8 is taking to get signed off..........

KAZ getting paid twice for the BNG deeps then, any idea how much?

SmartyP1,

The two $1m exclusivity agreement payments that were paid many months ago each for a 90 day period would be non-refundable payments imo and would no longer be in an Escrow account pending the AR deal to be signed off as both agreement periods would have expired allowing them to cash in $2m already (paying off the $750k G70 rig etc.), yes in retrospect agree on the $12m being in an Escrow account, though bear in mind not all Escrow accounts pay interest, did CC definitely say the money was accruing interest in USD/ Tenge - all the $88m will be paid in Tenge. I suspect the monies will be in a dollar account not Tenge for now, if they are getting paid interest on the $12m-$14m then the interest generated between 9-ish Sept and YE would only be around $80k-$90k (2% pro rata for 4 months), I doubt they will be getting 16% now as touted atm until the dosh is transferred into CASP's KAZ Tenge bank account.

With around $6m CE dosh they could do a buy back with some of that money now so could be sooner than CC lets on, if they've received the full $88m by early Q1 combined with the CE dosh and oil revenue I don't see them waiting until the end of Q2 to do a share buyback when the share price by then will most likely be multiples of todays 3p - so why not do a buyback now with some of the CE dosh - like you said their operational costs will be much lower atm.

With Block 8 (3 wells) and 803 production they could be producing 1k bopd in Q1 to boot pretty much taking over the current shallow production.

Q.

If they will have paid the full $32m BNG license fee when the AR deal goes through (circ. $16m already paid and another $16m from the $88m) why would they have to pay for 2 new deep BNG licenses, would these not be paid/ partially paid from the $32m payment?

We'll know better soon enough........

BM,

CASP cannot resume production on the 2 existing Block 8 wells because the Block 8 area has to go through at least 3 conditions before drilling can restart/ testing, these are same conditions as to when the second structures conditions have been met, see latest RNS (the third structure has been lobbed). CC is 'expecting' production to resume YE from these 2 wells and testing at Well AKD-4 when they get the license for it, but that is only if the sale of Block 8 has fully been signed off by YE with the UAE Co/ KAZ oil ministry. These conditions probably won't be done and dusted until Q1. imo, happy to be wrong re CASP jumping the gun - back in April CC said Block 8 sale would be completed in a few weeks time, cough, so I wouldn't pay attention to any imminent comments he may have made.

The 815 Shallow Well has obviously blocked perf holes in the drill pipe hence the delay in reporting flow rates, which will be why it now needs acid treatment to flush the holes/ wellbore out - not that we're bothered as this well is just a bonus well for AR.

If the AR sale is concluded by YE then we should get the $54m in Q1, I reckon they have spent a fair chunk of the $14m already received on upfront oil payment debt as I've already detailed, must say I'm surprised they've not charges AR another $1m for extending the exclusivity agreement to YE that ended in early September. The good thing about being paid $54m in Tenge is the local mining equipment can be bought in Tenge at a lot less than earlier in the year due to a better exchange rate now and locally sourced WS/ B8/ BNG drilling equipment to boot.

The two BNG deep licenses won't be signed off this year imo, more like later in Q1 - the KAZ oil ministry move at a glacial pace at best.

I think the best we can expect for this year is receipt of the $6m-$7m CE dosh.

CASP are not a one trick pony like most AIM Co's, once dosh and licenses sorted this will become a new animal.........a Black Beauty ;- ) .

On another note, re share buyback - if CASP have received the CE dosh they could buy back shares now while the share price in the 3p range - they could buy around 150m shares today negating the first 100m AR shares, I would, and if they also spent some of the $14m AR advance payment 300m-500m shares bought back now would be a very nice Xmas present, how big is the free float?

Anyway soon be Christmas...........

''Majority shareholding

Having a majority holding of 75% or more of the shares in a company evidently puts that shareholder in a stronger position as they can pass special resolutions. In the eyes of company law, this is an important threshold to attain. With a majority of over 50% shareholding, they are able to pass ordinary resolutions such as (i) authorising the directors to allot shares (other than if there is one class of share, as this is authorised under company law), and (ii) appointing and/or removing directors.''

https://www.stephens-scown.co.uk/corporate-commercial/minority-vs-majority-shareholders-do-you-know-your-rights/

Badgernator - buying the company out through receiving a special dividend? get real!

CASP have 5 rigs with the G70 rig which should have been paid for by now with the $12m advance payment.

The G20 rig is touted to test the new Block 8 well that's ready for testing, but why not re-work the old 2 wells now that structure has a new license instead of waiting for the new license(s) (1 or 2 licenses now they're only testing one structure?) to be signed off, which could still be months off - therefore the rig wouldn't be stood idle, has it been mobilized?

The 815 Shallow Well hit TD a couple of months ago and the G40 rig used to drill it is supposed to be drilling a new sidetrack on the A5 Deep Well - has this G40 rig been mobilized to the A5 Deep Well site yet?

The G70 rig should have been paid for by now, is it on site and assembled ready to drill the A7 Deep Well as soon as the Airshagl 25 year license has been signed off?

The other G40 is most likely still on site testing the 803 Deep Well and will probably be mobilized to acidize the A6 Deep Well thereafter?

That leaves a G20 rig (or the G40 on the 803 Deep Well) to start drilling the West Shalva Q1 2025.

So all 5 rigs should be up and running in Q1 - if Shin is worth his salt he will be mobilizing all these rigs ready for action and not waiting until after the licenses have been renewed.

Not sure why they've decided to mine for manganese which is 40% down from it's recent high and now back to previous 2021 levels and they'll have to split the WI 50/50, not happy about this move tbh, hopefully with gold at an all time high the 2 gold licenses on the acreage with be drilled next year too?

It's been another frustrating year rolled up into the next year again re operations - will 2025 be the year CASP finally get the deeps flowing, frigggging hope so!