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WH Ireland have fair value at 21p which is the shallows proven and 10% of the deeps proven (102p 100% proven).

However imo this 102p is now becoming a conservative number as the 802 Deep Well has now proven an unexpected gross oil column of 200m with the first 100m of the oil column interval(s) flowing at 700-900 bopd at a shallower depth which was not not anticipated, and that’s without the well being fracked so how thick is the interval(s) in the first 100m?

So we’re looking at more intervals stretching 13 km from a shallower depth between 3,900-4,300m rather than from approx. 4,400m-4,850m (the 801 Deep Well has 4 deeper net-pay intervals). Why wasn’t there oil flowing at 3,900m-4,300m at the 801 Deep Well with it being close by?

Next week they should start casing and fracking the well with news the following week on how many (x,000’s?) barrels of oil are flowing. It looks like they may move onto drilling the A5 well by month end/ early March instead of drilling down to the original 5,200m TD.

I seriously believe we will see around 10,000 bopd by year end if they manage to drill all the Deeps and the 155 Shallow Well and add the 142-143 wells back into production.

The A7 Deep Well should spud very soon as the G70 rig sales contract must have been signed by now.

Another RNS is due re Op’s Update.

2023 is the year.

What did I say. lol!

With another 100m to drill and perforate the flow rate is going to be in the 1,000's.

How many net-pay intervals will there be and how thick?

This means the 801 Deep Well will be gone back to - sidetracked and drilled horizontally.

The P1/P2/P3 - 2C numbers have just increased significantly - come on CPR.

Gusher lads like I said - 2023 is the year!

I don't often set the clock for 7am, but will next week. lol!

Come on flow baby flow!

You're bang on with taking CASP's timeframes with a pinch of salt. They said the 802 Deep Well would take 6 months to hit 5,300m TD and thus far it's taken 8 months to drill to 4,100m.

Will they continue drilling to 5,300m or stop like they did with the A5 Deep Well?

I have a good feeling this well will flow commercial quantities of oil naturally to surface IF they don't get a stuck pipe now that they seem to be using the correct mud density - hopefully no rocks blocking the perforated drill holes to boot.

Monday blues or blue sky?

How many times do I have to tell you guys that my superduper calc's say they should be fracking and flow testing the 802 Deep Well this week and to expect a RNS w/ c Monday, 30 January.

I mean come on pay attention class ...............

The G70 rig purchase should have completed by now and being mobilized to restart the drilling the A7 Deep Well next week for a February spud.

The 802 Deep Well is nearing completion and should see the well being fracked/ flow tested this week between 3,900m and 4,100m – question is will they continue drilling to 5,000m or so to test the 4 net-pay intervals that were found deeper down in the 801 Deep Well or immediately move the G50 rig to start work on the A5 Deep Well?

RNS next Monday with a full Op’s Update is on the cards – exciting times.

Orchestrate and postponement?

Whatever next, geez.

Yeah, I can just hear the BoD/ WCP saying let's not produce 10K bopd just yet and throw some rocks into the wellbore and get 18 tubes of drill pipe stuck and for good measure let's throw a camera down there too to delay massive oil flow and earnings!

Preposterousosities at their best!

Gonna patent that word.

It should also be noted they drilled the A8 Deep Well to TD with no incidents or blockages which would indicate they have got the correct mud density to handle the pressure below the salt layer. The knowledge will help with drilling the 802 Deep Well to the interval of interest that flowed oil between 3,900m 4,100m.

Perforating the well is imminent and flowing the well should take place next week, if they can drill the A8/ 802 Deep Wells with the new mud balance then they have a very good chance of flowing the A5 Deep Well though it has to be said the dropping of tools, pipes and cameras and rocks blocking the flow have also been a major cause of the wells not flowing - A5/ A6/ A8 / 801 Deep Wells have ALL flowed oil to the surface without pumps.

Hopefully the 802 Deep Well hasn't had any of the past problems and it flows next week.

So if the 802 Deep Well flows commercial quantities of oil together with the A5 Deep Well (just these 2 wells of the 6 deep wells – two structures + the Shallow Wells) does that mean WH Ireland’s 102p is on the cards with just 2 deeps? Roll on Summer!!

''CORPORATE SPONSORED MARKETING COMMUNICATION 22 February 2022 MORNING COMMENT Caspian Sunrise 21p WHI Fair Value Estimate Having reported 2021 production of 1,462 barrels of oil per day, investors can expect significant production growth from Caspian Sunrise’sshallow oilfields, namely, the MJF and South Yelemes oilfields. Already, the company reported recent production (22 December 2022) of 2,300 barrels of oil per day – all from its shallow MJF field – after bringing its first two horizontal wells onstream. The company continues to advance well completion methodologies that are intended to unlock the world-class potential of its deep assets, namely, the Airshagyl and Deep Yelemes oilfields. Having emerged from a context of distress into a position of strength with a positive outlook, we ascribe a fair value estimate of 21p to Caspian Sunrise (see Table 1), from “Under Review”, of which 7.9p relates to the company’s shallow assets with the remainder relating to its deep assets. We estimate that the full success case value of the company’s assets amounts to 102p. We include 100% of the value of the company’s shallow assets and 10% of the value of the company’s deep assets in our fair value estimate. MJF Structure: Caspian Sunrise completed its first horizontal well, Well 154, on 26 April 2021 – drilled into the MJF structure. ''

A5, A7 and 802 all flowing by mid-summer and I wouldn't be surprised to seeing the share price well on it's way to 102p.

GKP went from 5p to a 465p daily high - apple and pears, but some stocks can really take-off and CASP is the only AIM Company imo that has a good chance of multi bagging many times in the short term.

2023 is the year!

So what you're saying is a queue was forming with blokes wanting to beat you with the crooks?

I can believe this.

Yes very strange as there were five times more buys and I reckon the sells were mostly buys.

It's also very strange how the large trades show as Unknown when we know they're buys to boot.

Drilling of the 802 Deep Well should be hovering around the 4,100m mark with casing being done over the next few days from around 3,600m to 4,100m and then perforating and testing the well next week, my money is on a RNS Monday 30 January after a few days of testing, hopefully no blockages as with the 801 Deep Well.

Will we see a double digit share price next week or so?

Got to be in it to win it.

Yeah had a couple of howlers myself like buying ECHO up to @17p now 0.001 ouch!

Bought CASP at 8p sold at 13p in 2017 and started building a position again in early 2020 and have no doubt CASP will far exceed 13p this time around with multiple wells/ other coming to fruition this year/ next.

I don't see the WCP wanting to hold onto a billion shares once the deeps are flowing and CPR report out - Majors will be looking at the data room seismic/ reservoir(s) boundaries etc. and I wouldn't be surprised to see an off next year.

Having multiple commercial intervals stretching many many kilometers on several licenses Rocketeers 42p could be very conservative when an offer(s) comes in.

Got to be in it to win it......

$150K per day for two months is $9m or approx. £7.4m and guess the payment would start from the day of hire less an upfront deposit no doubt, less the monthly mooring costs (10 months for 2024 approx. £800k) should leave them with around £6.6m. Add this to the net profit oil for two months and we should see the 40% of spare cash dividend kick in – around 3? times what the current dividend is paid at (1m pm).

And if the CE is chartered out this year then we can expect at least double that so around £13m total.

The monthly dividend is nailed on with a couple of bumper months to look forward to.

The dividends are great for the CP/ WCP, but with a 1 billion shares held between them there only one way out for them and that's a take over, they cannot sell hundreds of millions of shares on the open market and so CASP will become a ball and chain around their necks as the share price rises into the double digits and wanting to get out mitigating their risk, and therefore imo once the deeps are flowing and a new CPR has been done proving up the 1P/ 2P 2C Reserves they will be looking for a sale, eg. a billion+ pounds sale split between the WCP in one go or several millions of pounds in dividends (£10m+ p.a. split between how many of the WCP?) - I know what I'd go for especially as some of the WCP are knocking on.

I've said it for a while now, but imo 2024 is when we'll see the for the for sale sign hanging on the date room door with 2023 being the year to prove up reserves etc..

I find it hard to find anything that can come back and bite us in the ****............

I very much doubt any of these reported sells/ Unknowns are sells, because several trades showing as sells are actually buys and my buy shows as a Unknown?

Strange how all the large trades are showing as Unknowns/ sells when ex-dividend date is early next week?

What would the share price be if they all showed as buys?

K,

Because the 802 Deep Well did flow somewhere between 3,900m and 4,100m.

What should also be remembered is the 801 Deep Well flowed oil naturally to the surface before the well (sidetracked) got blocked from rocks from 75m of the 110m intervals (3 of the 4 intervals) that was fracked.

The 801/802 Deep Wells have oil between 3,900m and around 4,850m with at least 5 intervals, and if these two wells share the intervals which i think they do then booooom!

They will go back to the 801 Deep Well (2H?) after 802 results and simultaneously drill the A5 sidetrack and A7 Deep Well this quarter followed by the A6 Deep Well 2H.

2023 is boomage year!

Yep I said the exact same thing re :

Imho looking at the tenders on bicotenders website and then the paragraph below from the last operational update – I think they have a good idea that 802 is commercial as for the life of me I can’t understand why Carver would mention 802 as according to the update they are still ‘casing’ and ‘drilling’.

"Production and pricing - Production without any contribution from shallow wells 141 and 142 or from deep well 802 remains at approximately 2,400 bopd. "

'' not growth'' ???????????????

Oh dear...........baaaaaa

No, that's his new golf clubs that will Ping ;- )