Member Info for somm

KK,

Geez you moan when it goes down and you moan when it goes up, can't win lol!

If it was a pump and dump it would be being done by a few PI's throwing their Firday spare dosh in here with a few grand here and there, this isn't an orchestrated pump by MM's or Pi's we're simply nearing news on A8's second interval - Op's Update and other news nearing, which is music to my ears la la la la la la la la ............

Captain she's gonna blow! Leave it with me lads and I'll see if I can muster some more technical info to get us to 5p and beyond :- 0

12% and rising! woop woop lol!

I'm going to have to stop posting future income analysis's etc. because peeps are topping up on them driving the share price over 4p ;- )

Based on January's production of 65k bopd split 66% for exports and $45 pboo = approx £1.5 million net income for January.

based on January's domestic production of approx. 22k bopd sold at domestic prices of $25 pboo = approx £400k net income for January.

So CASP are earning around £2m for January.

Around £24m p.a. based on January numbers.

If production doubles and the price oil oil remains reletively the same for the next 12 months we could see 2022 net profit around 24m.

Add boat hire £16 million? = £40 million for 2022 which is half of CASP's market cap today with soon to be with no debt.

Throw in the sale of A3B for £40m and voila £80 million banked this year!

It's been 16 days since we were told the 5m interval was flowing at 120 bopd (deepest interval).

I reckon it took 6 days to plug this section and perforate interval 2 - meaning interval 2 will have been being flow tested for the past 10 days above 5,046m. If they've managed to flow the deeper interval at 120 bopd with somewhat higher pressure/ heat at this section then there's good chance this shallower second interval flows too and at a higher flow rate being closer to the A5 Deep Wells well depth of 4,500mish when it flowed 3,800 bopd - ditto for the third interval - are they using the new Dutch acid or are they using the old acid formula? may be they've got lucky and the fractures are better and less likely to block the perforated holes?

News not far off on this second interval.

''Three separate 10 feet ("ft") intervals were perforated over 370 ft out of 600 ft of gross section, at 9405 to 9415 ft, 9205 to 9215 ft and 9045 to 9055 ft. These three intervals were individually stimulated and flow tested, producing high quality c. 35 to 39 degree API oil and averaging 73 barrels of oil per day ("BOPD") over a three day test period.

On the final day of testing, the well was flowing at a sustained rate of approximately 40 BOPD. Encouragingly, the bottom hole pressure is near to the reservoir pressure, thus providing an indication of the production potential of this portion of the oil accumulation, which is at the distal limits of the field. Future development wells would all be drilled horizontally and stimulated with multiple stage fracs, meaning that flow rates are expected to be many times higher.''

120p per share now.

Does the above ring any bells?

Have hit light flowiing oil and producing 40 bopd after several day of testing was 97 bold.

Nearly 800 millin ahres in issue.

Share price 110p

We have a billion+ barrels too though over 2* the shares in issue and proding 3,000 bopd soon to double.

Sub 4p for two years and even now with deep flowing 128 bopd with naother two deep intervals to test and A5 Deep Well initially flowed at 3,800 bopd?

And we've got 6 Deep Wells already drilled and a couple more about to spud.

Did someone say we're sub 4p?

Why why why couldn't it have been 88E (after name chnge) when I'd put GBP100k into them based on oil slicks/gas plumes / 8b estimate OIP only to find zip.

CC,

I doubt very much our banker has tranfered his 10% stake at a substantial loss. More like a few Dubia properties have been thrown into the mix to sweeten the deal along with some info ;- ). They get the oil and he gets properties.

Does he live abroad/ were his shares held in an off-shore trading account allowing him sell/ tranfers his shares with no tax to pay, he's a banker ;- )

Who knows why he sold when the share price is this low, but there'll have been a win win scenario I'll bet.

https://www.youtube.com/watch?v=T_yfPcX1gG4

153/154 Horizontal Wells.

As you can see from this video there must have been multiple fracking sections to increase production 1,000 bopd not just one frack, rinse and repeat on the 4 shallow SY wells that can produce a combined 300 bopd – how many barrels after they’ve been redrilled horizontally – 300 bopd each?

New well 152 Well to spud imminently and redrill the 142 Well horizontally for 600m (not 200m/250m as with the 153/154 wells), can we see another 1,000 bopd from the 142 Well?

https://www.youtube.com/watch?v=xyYGf8vpt-w

A8 Deep Well.

There are three intervals being fracked as in this video.

According to this video the deepest interval is fracked first then moving upward to frack the shallower intervals.

We know CASP have found a 90m+ oil column between 4,500m and 5,046m (4 intervals? – apparently we now have a total of 3 intervals to TD 5,450m?).

We know they have a 50m oil column somewhere between 5,046m and 5,450m. This 50m gross oil column has a 5m net interval that’s producing 120 bopd – this is the deepest interval we have found oil in at any deep well, what’s the depth/ radius/ API – has it had an increase flow rate?

The second and third intervals to be fracked will be between 4,500m and 5,046m – what depth are they at and how thick are they net?

If we’re to go by the 50m gross oil column below 5,046m we can guess the net thickness could be 5m too and produce 120 bopd too?

The first and deepest interval may still be being cleaned up so we could see an increase in bopd – initial news took over a month to be released and I reckon we can expect the same timeframe for news on the second interval (within the next three weeks), which will have now been fracked imo.

We know the A5 Deep Well had a very good flow rate at around the 4,500m mark – is the A8’s shallowest interval around 4,500m?

Let’s hope the next two intervals flow like the A5 Deep Well did – hopefully the three combined intervals flow rates will be much higher the 500 bopd and in the thousands.

There’ll be multiple news bites coming in the next month(s) just from this well - add multiple other news due and we should see a significant tick up in the share price, this can’t be held at sub 4p for much longer.

https://www.youtube.com/watch?v=55q7MZbMX3w

Must be for the clean up team ;- 0

And if it's a duster?

Expections re CoS can be 70% in some cases - the drill bit does the talking regardless.

A bird in the hand is worth two in the bush.

$25 Million would be very nice.

With the current oil price revenue they can keep drilling the shallows for ever and a day, and with $20m+ in the bank from hiring out the CE I reckon they'd put that money into getting the 6 Deep Wells sidetracked and perforated with new acid formula to boot.

News can't be far off on hire contract being completed.

How the Fukc did we go from discussing the A8 Deepe Well to holidaying in Grimsby?

Can we please stay on topic.

If you want to chat about holidays then set up a post - Wish Your Were Here!

The 4 wells that are ready to go back into production and add another 300 bopd are to be drilled again Horizontally which will hopefully increase production by many more hundreds of barrels of oil (a thousand+ with horizontal drilling?).

With two more deep wells (A7/802) spudding and taking approx. 4 months to TD - say 6 with initial testing and several shallow wells (142/152+) being spud too, between June and August should see our production numbers jump significantly, especially if these two further deep wells flow.

In the meantime: The A8 Deep Well could see an increased flow rate as the drilling fluids are further removed and with the 4 shallow wells coming online product could be much higher in the coming weeks/ months.

Q3-Q4 is where we will see production increase significantly with a Q4- Q1 CPR confirming new P1/P2/2C Reserve levels and the OIP number increasing way into the billion+ barrels.

Big question is will the new Dutch acid formula work in getting the existing blocked 6 deep wells into production and will they sidetrack the A5 Deep Well before Spring getting 3K-4K bopd into production too?

With A3B also to spud this quarter and sold this year? and with CE being hired out shortly generating extra income I'm finding it pleasantly disturbing to find no reason why not to buy shares in CASP.

The spring is tightening and I don't mean the season ;- )

Badge,

In a word ' exactly'.

Been saying this for ages....

Divermike,

I'd guess $40-$45 pb net profit for Export oil, but what's the A&M/ Royalties etc.. to knock off per barrel too?

$25- $30 pb net for Domestic oil sales based on $90 per barrel?

Shevek,

That won't be Nett.

300m barrels of recoverable oil with an initial 10% RF would give them 3 billion barrels of OIP.

I did say .'- )

CC,

Think net not gross meters.

The 5m interval will be net of whatever the intervals gross thickness is.

Each inerval won't be say 50m net.