Member Info for somm

On Monday the rig was in place to resume work at Deep Well A5 readying to drill a 400m sidetrack from 4,500m. If drilling has started by next Monday we could have news out before the end of April if they're drilling at 20m per day - how long will they flow the well before updating us, 3 days? No blockages please.

The 155 Shallow Horizontal Well was flying at around 30m per day by mal calcs so we could have another Well result a few later, earlier than expected.

If CASP manage to get any where near $200m-$300m for the two shallow structures they will have enough to start the BNG FDP and build an oil pipeline to boot.

I keep thinking with that much available funding the BNG deep structures will look like Swiss Cheese.

Smile, say cheese...😁

the board has in recent months entered into a number of discussions with potential buyers concerning the bng shallow mjf and south yelemes structures at indicative prices potentially significantly greater than its current carrying value.

note buyer(s).

note price(s).

so a possible bidding war for each of the two shallow structure.

an 'indicative' price for each structure seems to have been aired? atm i'd say the mjf structure will gain the higher bid price - though the sy structures recent dolomite discovery could prove substantial in adding to reserves for this structure and therefore a higher bid price - from initial talks in the last few months.

the ''current carrying value'' is not the mc.

the carrying value will be based on the current shallow 1p-2p reserves and potential future reserves increases of each shallow structure which share 15m 1p and 25m 2p reserves - not sure how these reserves are split, which will lead to different price offers per structure.

will casp get a premium offer for the shallows? yes with multiple interested parties bidding, imo.

hopefully there's no discount of their net oil revenue per barrel of oil or % of the current share price over say 5 days etc..

will casp do a new cpr increasing reserves with the new sy dolomite oil to uplift the reserves?

i've said before the data room door will be being knocked on or is that banged on ;-)

full value estimate - *** packet value:

15m 1p reserves at $33 gross pboo/ $15 net? = 17p / 8p per share accordingly - it's been know for companies to pay full value with multiple parties involved and the need for building reserves - plus casp have 25m of 2p reserves at $? pboo = ? to factor in + potential.

there are a lot of international majors in the area and the chinese in particular do like to make a good offer ;- )

WH Ireland have the shallow structures valued at 7.9p that estimate is without the newly flowing Dolomite structure.

They have 15m P1 barrels and 25m P2 barrels - this will have increased with new wells Dolomite oil.

We're probably looking 6p-9p for the sale of the shallow structures, imo.

A5 Deep Well is about to spud at long last but it doesn't look like the A7 Deep Well will spud until after the A5 Deep Well results?

The 803 Deep Well is still drilling at a glacial pace.

806 Shallow Well next changed from 807.

A full BNG deep license approved possibly as early as Q4 after 803 Deep Well has completed (September?) along with renewed Block 8 license in Q3-4.

The 155 Shallow Well (currently at 1,000m) will no doubt have to be completed before any shallow offers are in, imo.

CE confirmed on track.

All in all a damp squib apart from A5 Deep Well about to spud/ Corp news.

In the short term there are 5 wells expected to start drilling along with the Block 8 Regulations signed off and a Specialist onboard to remove the 141/ 802 stuck pipes (hopefully CASP can get the 141 Shallow Wells 27m stuck pipe removed themselves).

Considering CASP's glacial pace with mobilizing and testing re the A5-A7 Deep Wells (still planning 6 weeks ago - and a lot longer than that ZzZzZzZz) and still trying to find a Specialist (6 months+) to remove the stuck pipes I'm not expecting an Op's Update until next month.

The next Op's RNS will be about setting the foundations to finally finishing these deep wells with results expected several months later so I don't expect any meat on the bones re deep results until the third or fourth Op's Update is out - in the summer - Q4.

Block 8 Regulations signed off will probably be announce in a separate RNS and a Specialist onboard in another RNS. IMO.

141/807/155/A5/A7 Reg's/ Specialist/ Block 8 news due next month is my guess.

Hopefully Block 8 Reg's will have been sorted (8 months now) and a Specialist is onboard ( 6months+) so we can crack on with these wells next month but I'm not holding my breath....

I'm wondering if the delays are mainly down to product dropping from 2k bopd to 1,600 bopd through the first half of the year therefore having an impact on the timing of drilling the deep wells re available dosh? Why has it taken over 8 months to mobilize one of the G40 rigs on Block 8 - why are they still testing the G70 rig after it drilled the A8 Deep Well 12 months ago - dosh problems I'll bet.

Lies and excuses need to end.

Dunga oil field:

Jurassic Approx. 750m barrels + 6b cmg

850k bopy = 2.3k bopd

The Bunga project will be developed with an estimated investment of $300m - who's going to partner/ buy CASP to complete the FDP?

CASP have oil not only in the Jurassic period, but in several periods and Block 8 to boot.

Farm Out next year for sure or total sale?

Trust me we won't have to wait a millennia :- o

Turkey was warm last month wasn't it, soon be Xmas.

Av $33 pb × 1,950 bopd = approx $64K pd Gross revenue at th moment with approx $10 million due in Q3-4 with several shallow/ deep wells expected to flow by then, if they do you can treble+ today's production levels.

A big 2H for CASP is on the cards.

Bob, it's possible after a month they've managed to pull the 27m of stuck pipe out and the well is flowing as you imply, let's hope they have removed the pipe themselves with no Specialists taking a cut of production, with other news due to boot.

There's she goes, 3p gone...

3p about to be smashed, sub 3p chance window about to close....

Yep like I've said, and news is due on various spuds and possible regs signed off on Block 8.

Big Q2-3 ahead and new hats are being thrown into the ring...

''However, in its filings, Permnipineft warned that pre-drill preparations may require the contractor to drop thousands of tonnes of stones to the sea bottom at the drilling site to aid a successful installation of the barge, because the expected water depth at the location is eight metres.''

I think that pretty much confirms the Contractor will bear the cost for installing the barge.

CASP should get between $9.3m and $11.5M for hiring the drill ship out and any upgrades are paid for by the Contractor to boot.

Another month has passed and CASP are still 'planning' to drill the A7 Deep Well and still 'planning' to mobilize a G40 rig from Block 8 to drill the A5 Deep Well and still waiting to spud the 807/ 155 Shallow Wells and still waiting to pull the stuck piping out of wells 141 Shallow Well and the 802 Deep Well.

I plan to wait ; -)

By Divermike.

going on

MJF:- Shallows

141:- Spud 2015 depth 2500m Sidetrack as per 142

142:- Spud 2015 depth 2500m Nearly completed sidetrack

143:- Spud 2013 depth 2750m Tender for pipe lines to GZU Oct 2023

144:- Spud 2017 depth 2750m up to 700 BOPDs 7mm choke

145:- Spud 2017 depth 2750m New sidetrack required

146:- Spud 2017 depth 2750m

150:- Spud 2019, 1st infill well, up to 500 BOPDs

151:- Spud 2020, 3rd infill well

152:- New well planned as a horizontal drill

153:- Spud 2020 depth 2503m Workover in prog 830 BOPDs 8.5mm choke

154:- Spud 2021 depth 2548m, up to 645 BOPDs

155:- Spud expected Q4 2023

South Yelemes:- Shallows

54:- Soviet sub economic 30BOPD

805:- 150 BOPD in aggregate with 806 and 807

806:- See 805

807:- See 805

808:- Spud 2017 3200m 6 intervals potential new structure

Yelemes Deeps:-

801:- Sinopec drill, Drilled to 5050m waiting for rig

802:- Stuck pipe

803:- Spud expected Q4 2023 target depth 4350m

804:- New well planned

Airshagyl deeps:-

A1:- Maps only

A2:- No mention on any maps

A3:- Maps only

A4:- Maps only

A5 – New sidetrack Q4 2023

A6- Repair required Q4 2023

A7- At 2000m to be continued to 5300m Q1 2024

A8- Abandoned

A9 New well planned

A10 New well planned

Block 8 Deeps:-

Well A:- A+B Combined 110 BOPDs up to 800 BOPDs

Well B:-

AKD-4:- Reached target depth 3922m

T-2D:- Reached 3408m target 3500m

Additional fields

Nsanovskoye Field:-

Tolkyn Field:-

Saztobe Field:-

Tasym and Bekbolat Field:-

You would think so re news out within the next 4 weeks with the following wells about to spud/ sidetrack etc. 807-155-141 Shallow Wells and the A5-A7 Deep Wells and the 802 possibly being contracted out this month.

I think we'll see at least 3 wells spud this month with possible Block 8 regulations signed off to boot.

So yeah news before month end is very likely.

Looking forward to seeing the A5-A7 Deep Wells finally drilling again.

More guff, they've got to get a specialist onboard first to pull 3,400m of piping out before trying to flow the well, which will take a while before fracking and cementing can take place.

Do you actually understand what you spew out?

Any way I can't chat all day with you as I have better things to do like pick my bumfluff out.....

Glad to have enlightened your mug........

More guff and and nonsensical gobbledygook from you as per, keep taking the pills.

Soon be a 100 bags.

Couldn't make it up...........

A dead cat bounce, you're still free floating on LSD I see?

You said - '' I saw a post that said it (FDBK) was a 100 bagger but let's be realistic and say a 50 bagger''.

That's your usual ramptastic guff at it's best!

Maawwwwhahahahahahahahhahahah.....