Member Info for somm

Low hanging fruit for these two 2.5M/ 1M

What the shutdown enables CASP to do is after some initial flow testing of the A8 Deep Well is for the well to built up presure for when the taps are turned back on, but will they have shut this well down in the middle of a flow test with other producing wells at such an early stage of testing?

It also allows CASP to put together a decent RNS when the taps have been turned back on with 2 possibly 3 wells having spud with country shut down for 2 weeks.

Will CASP be up and running after the lockdown or before?

One things for sure it gives them plenty of time to get the next Operational Update together with multiple news flow.

A big blip in the short term and a chance to top up on a lower share price.

I think most investors were going to be here until the A7/802 Deep Wells - 142/ 146 horizontal shallow well results in May/ June anyway and the 4 SY horzontal shallow wells being brought back online, which will probably have seen the CE hired out by then and the A3 Best Well spud too, plus YE results. I think most CASP investors will have held through this rough patch picking up cheaper shares in the meantime.

News atm is the insurrection is subsiding with sporadic gun fire in some cities so let's see what next week etc. brings.

Drilling and Production suspended.

Fukc a duck!

Will top up next week........

https://www.msn.com/en-gb/news/world/russia-sends-troops-into-kazakhstan-after-local-security-forces-kill-dozens-of-protesters/ar-AASunIc?ocid=msedgdhp&pc=U531

They don't look to be shooting over peoples heads?

Should be due soon, not had one since October, with new wells coming online?

Production updates will apprently be every 3 month as stated in the 9 December production update RNS, so next production update early April?

Was hoping for an Op's Update this week to kick off the NY on a positive.........

...before parliament resigned.....phew that was a close call!

You misunderstood,

Note £20K 'worth' of shares into your ISA and put the residual shares outside of your ISA into your family ISA's.

Come on ketchup/

KK.

That's only £20K worth of stock.

Put the residual amount of shares into wife/ daugher etc. ISA.

''A8

Deep Well A8 has been drilled and logged to a depth of 5,450 meters without incident. Three potential oil bearing intervals covering, in aggregate, approximately 140 meters have been identified, with an initial 5 meter section already perforated. We expect to have results of this perforation shortly to announce.''.

After 13 days since the above update could we have a decent flow rate and initial testing will be in the weeks like the 154 well before results?

Hopefully news this week and oils flowing in the thousands of barrels of oil per day :- )

All the very best KK for the incoming New Year and I've no doubt a prosperous one for new and old CASP investors.

HNY All.

I think we'll see a mini share price pop tomorrow on the back of a RNS 4 January, which should be a pretty decent one.

KK are you trying to catch up with my share holdings here ;- )

The A7 Deep Well is about to spud (before YE) so I'd expect if that's the case we should get a RNS 4 January 2022, which could give them enough time to give us an update on the A8 Deep Wells initial 5m perforation flow test (about 13 days since it was perforated), hopefully this 5m section flows unobstructed.

Looks like they're getting the hang og horizontal drilling with previous drill being around 200m and 600m with the 142 Well.

Could the 152 Well have been spudded too in time for the next Op's Update along with the 802 Deep Well to boot? doubt it but you never know ;- )

I don't expect any news re flow testing the A8's 5m section until NY.

I think the next Op's Update will include the 142/152 Wells spudding along with SY wells being brought back online and the A7 Deep Well being spudded by YE.

The above combined with positive A8 Deep Well flowing thousands of barrels per day (fingers crossed) the share price will have to move much more than on the 154/ SY export license updates.

How deep do the additional 50m interval(s) go on the way down to 5,450m TD is the big question and what is the net pay of the zone(s)?

Mike,

No I haven't and would be interested can you post a link here etc. thanks.

Carver initially said there were 4 oil bearing intervals above 5,046m in the A8 Deep Well, they then went on to drill to 5,450m (they wouldn't have drilled an extra 150m if they didn't think something was down there).

Now they say there are 3 oil bearing intervals?

Have the 4 intervals (90+m) become 3 and nothing else down to 5,450m? No because they now have 140m.

Or have the upper 4 oil bearing intervals become 1 or 2 intervals? and between 5,046m and 5,450m they've found a further 1 or 2 oil bearing intervals stretching 50m more? Yep looks that way.

Hopefully we'll get to know these interval depths in the next Op's Update.

Re the A8 Deep Well.

Think of the SY structure as an upside down bowl, the shallows at 2,500m have around 29 million barrels of 2P Reserves (I think), which is about to increase significantly with more wells/ production – SY shallow area Reserves upgrade mid-summer?

The deeper the drill bit turns the reservoirs area increases substantially in size and if they have 140m of live moveable oil down to approx. 5,450m in the Devonian then it will make the 29 million barrels of 2P Reserves in the shallows look like small change, even after the Reserves increase.

The Devonian is the prize and the question will be how far does the 140m of ‘gross’ oil bearing intervals stretch too - 13km-58km?

New deep wells such as A7/802 that are about to spud also targeting the Devonian will help prove up the boundary/ Reserves along with evidence already garnered from the other deep wells that have flowed initial live oil in the thousands of barrels per day – 6 deep wells producing 2-4K+ bopd? The point is there’s live 37 API moveable oil in the already drilled deep wells that will go towards estimating the Reserves P1/ P2/ 2C Reserves in the next CPR, interested parties will be flocking to the Data Room when it opens ($1 million entry fee for a look?), which it will when they’ve finished the deep well license obligations.

The Devonian could be a monster reservoir that flows light oil far and wide and with proof around the corner of a substantial Devonian discovery all eyes will be on CASP from 26km away ‘- ).

I know there’s been a few moans and groans about waiting for the 2021 FY Results and a new CPR 2023, but hey if you’re here for the big money and not chump change see you then, unless we get an offer we can’t refuse beforehand?

The share price will catch up soon enough.

Got to be in it to win it.

I wonder why Malcy hasn't mentioned CASP's two RNS's in yesterday and todays blogs?

andrianz.

Yes.

''For example, at world prices of $63 per barrel we would expect to achieve around $33 per barrel before production, storage and transportation costs and $29 per barrel after these costs.''

They will have taxes and no doubt Royalties to come off the $29 pb too.

adrianz,

What you're saying is the total company costs with oil at $40 per barrel was $9 pb and now at nearly double that your'e saying their total Company costs are $4 pb to cover transportation, storage, G&A, taxes/ Royalties etc..

You do know they were loss making on their domestic oil sales when domestic oil sales were at $6 pb right?

Meaning their domestic oil sales of $6 wasn't enough to cover their transportation/ storage costs, taxes, production costs, G & A etc.

Next time get the absolute net costs from Cllive in writing and not by word of mouth.

adrianz,

The below s from a presentation.

$29 after transportation/ storage costs @ $63 pb

That does NOT include production costs, taxes or G & A.