Member Info for somm

DM,

Well done on listing the wells, I;ve nothing to add mate.

Coffeecups, I know about Sholkara on Block 8 and the 100-400M barrels.

Hopefully these two deep wells come.

Neigh! Like I said CASP need to put together a map of their wells (names) and their depths in a presentation so we know the distance between wells and structures.

What are the three structures called on Block 8?

No, I have looked but couldn't find their well names, which would confirm if these two new deep wells they are drilling in fact new wells.

Anyone?

No, these are two new deep wells they're currently drilling, they are not workovers or sidetracks.

The question is which structures of the three structures are they currently drilling, the other two structures would be my bet, the current structure is producing 110 bopd. They will go back to the two producing deep wells and try and increase the flow back to 800 bopd later. imo.

We'll soon get to know.

If they are dusters we'll end up paying $60 million for 110 bopd :-(

11 wells tried drilling through the salt layer, 4 managed to get through and were dusters however the were in the South of Block 8 and we're drilling in the West, are we drilling the other two structures, looks like it with the different TD depths and well names. They will know now/ this week if they're flowing.

Come on flow babies flow!

''CTS LLP, the Group's drilling company is currently working under contract on two wells at Block 8.''

Looks like CASP own the two rigs then through CTS LLP and if they’re worth their salt they would have already ordered the acid/ cement a long time ago for these two deep wells being a drill Company and knowing that sanctions have delayed delivery lead times.

Let's just hope they're not dusters.

Proving up P1/ P2 Reserves next year along with a new CPR could possibly push KO into a sale the year after or so with him approaching his mid 60's and wanting to spend spend spend while he can, and hopefully he doesn't plan on his CASP legacy continuing through his kids and we're still stuck here for years to come.

Hopefully by significantly proving up the P1/ P2 Reserves next year will see the beginning of the end and we're all able to spend spend spend too while we can.

Divermike yes, and that's interesting they found 6 intervals in the 808 Well, which is a shallow well @ 3,200m TD as well as finding 4 deeper intervals in the 801 Deep Well making 10 intervals? All four of the 801 Deep Well intervals are below 4,535m (got crosshairs with the 6 shallower intervals in the 808 Well) so lots of layers - how thick?

Ten intervals across this structure stretch how far and now have another shallower deep interval(s) in the 802 Deep Well so 11+ intervals with the 803 Deep Well to confirm connectivity between the shallower deep interval(s) in the 802 Deep Well – why aren’t they drilling the 803 Deep Well deeper to test the four 801 Deeper intervals?

That's a lot of layers - how many intervals flowed oil in the 808 Shallow Well/ 801 Deep Well?

The next Op's Update should be interesting.

It's the 801 Deep Well with 6 intervals.

4 deep wells on Block 8 with 2 wells about to flow test.

The Deep Well T-2D had 92m still to drill 6 days ago, his will have hit TD by now and preparing to cement/ perforate the well for flow testing this week. They say Q4 for various spuds etc, but that could be December if previous announcements are to go by.

In the past year they had 8 wells to work on and only did 3 wells so won't be holding my breath here, Block 8 looks very promising and when these two deep wells have completed where will the two rigs be going, drilling other structures on the block thereafter or going to BNG sites? Who's rigs are they?

Two deep wells having revised TD's a couple of hundred meters from the 4 intervals tells me the COO hasn't got a Scooby Doo.

New COO needed and KO needs to put a proper map together showing where the wells are etc..

According to the CC they're happy with the old CPR that doesn't include the 802 Deep Wells shallower intervals or Block 8 that could be another Flagship license.

There's been 12 months of extremely bad cash and logistical planning.....

The BoD were asked specifically at the AGM if they would be drilling the 802 Deep Well to 5,200m TD or at least drill down to the 4 very significant 121 net pay aggregate oil bearing intervals found in the 801 Deep Well and they said yes – however, the 802 Deep Well TD has been revised to 4,200m, which imo will end up being sidetracked again if they can not remove the stuck pipe – but either way why not drill deeper and test these zones the heat pressure is the same?

And they were asked if they would drill the 803 Deep Well to test these intervals too and said they would do, however according to the latest RNS they won’t be?

‘’The first of 6 meters between 4,535 and 4,541 meters; the second is of 20 meters between 4,554 and 4,694 meters; the third is of 59 meters meters between 4,635 and 4,694 and the fourth is of 36 meters between 4,812 and 4,848 meters’’

RNS 25 September:

‘’In Q4 2023 we intend to spud Deep Well 803, which is a requirement under the current BNG work programme obligations and which has a planned total depth of 4,350 meters.’’

The first 6m interval in the 801 Deep Well is less than 200m deeper than the planned 4,350m the 803 Deep Well is drilling to. Why are they not planning to drill into the 4 deeper intervals with the more powerful G70 rig? Does the seismic date say they are not connected? What's going on?

Anyway, they should be ready to perforate Deep Well AKD-4 this coming week as it reached its planned total depth of 3,922 meters 6 days ago (if not already) so testing the well is imminent, hopefully it's a gusher and connected to the other three structures to boot.

‘’Drilling at Deep Well T-2D, which has a planned total depth of 3,500 meters, has reached 3,408 meters. After the remaining 92 meters are completed the well will be prepared for testing.’’ This well will have hit TD a few days ago and they will be getting ready to cement/ perforate the well this coming week too, fingers crossed it's another gusher.

Hopefully lift off next week, but I have to say I’m very disappointed they’re not planning to test 121m of aggregate net pay in the 4 intervals found in the 801 Deep Well.

Me too.

I think a couple of today's sellers will have their heads in their hands next week.

Not long after the next capital rise I can see a share dilution of 100/1 shares.

Just saying.......

So after the £80k raise and having $994k CAB 30 June they're probably sitting on around $1m bucks now.

No doubt another cash raise on the horizon which will probable triple the 6 billion shares currently in issue.

Hopefully they get an asset soon and the share price rises so I can get out of this carp Company with a few quid, lost many tens of thousands of pounds in the sh.t show.

Coffeecups,

They're all in Q4.

The Deep Well AKD-4 is now.

''Drilling at Deep Well AKD-4 has reached its planned total depth of 3,922 meters and preparations are underway to test the well.''

Watch this space.............................man....

Mike,

I now take what CASP say with a very large pinch of salt, however they said the 142 Well sidetrack was at 2,090m at the time of the Interim Report so on this occasion we have to believe them.

Block 8 news next Monday?

Divermike,

The well depth was at 2,090m three days ago so no it's update news re depth.

''Following remedial work at Well 142 production levels briefly returned to previous levels before the water in the well forced another closure. We then started drilling a new 2,450 meter side-track, which at the date of this report has reached 2,090 meters.''

Divermike,

That's highly unlikely, I doubt very much they will have drilled the remaining 360m to TD and cemented and perforated the 142 Well in 3 days.

All eyes are on Block 8.