Member Info for somm

It's been 3 months since the beow statement.''We are in advanced discussions with a leading international oil company regarding the Caspian Explorer being chartered to drill a new offshore well in 2022.''And the hope that the SY export licence will be upgraded by year end.Along with 3 spuds and 2 well updates, plus production numbers and price pboo we're getting for local/ exported oil.Loads of news due - longer the better oh oh oh soon been Christmas...........

Yep said it before that the A8 Deep Well could have oil all the way down to the Devonain TD 5,300m.

Don;t forget they have 4 oil bearing inervals down to 5,046m.

What do thy have from 5,046m to 5,300m?

Could be pretty decent net pay/ flow rates, if so, they've been flow testing for 2 weeks already :-) and then the 4 intervals need flow testing boot.

Oh Oh Oh my Devonians!

KK,

Nevertheless they're going to have ton's of drilling fluid down there that will take time to be removed.

Perhaps the old 'last new' acid treatment they used will do the trick this time around (different zone)?

Who knows the Devonain may not have flowed and they've been testing the 4 oil bearing intervals instead for the past month?

Next week we may get to know where all the wells are at?

Don't forget it takes a fair bit of time to remove the tons of mud, especially from a deep well, so I'd guess that's one reason why we're still waiting on an update on the A8 Deep Well that likely hit TD only a couple of weeks ago, and is hopefully flow testing to boot.

The A8 Deep Well is the meat of the next RNS and they'll want to get it's progress out to PI's right and not half baked.

What will come first the OP's Update RNS or the Turkey?

Pass the Cranberry...........

KK.

Oops I meant 16.6p :- )

They may set a price target for divi depending on coffers or a divi if A3 Best is sold, but won't be now that's for sure.

Institutions may become investors if CASP move to the Main Market or FTSE250 but you'd be looking at 2023 for that after a CPR has been done ec..

A long way to go yet.

It's been a long time coming, but we're now broaching the beginning of the start to the end.

KK,

Exactly, let's see where we're at this time next year.

I'm waiting on 18p for a very round number, but will propably hold until all the deeps are flowing 2022/2023 or merger/ sale.

Gritster perhaps you should apply for the COO/ CEO's job and make us all unhappier with half baked news?

''Back to 2p before 2022.''

I flucking hope so for 2022 lift off.......

I doubt very much they've been twiddling their thumbs and want new out asap as much as everyone.

They've got three confirmed potentail spuds before year end / they may be doing flow tests on the 8A Deep Well - and 4 intervals to frack/ test - 153 Well may be still be cleared of debris/ refracked?

Then you've got the other news due CE/ SY blah blah blah so I don't know what have they been doing for the past 8 weeks?

There's a multi news update being prepared and when they have all the info they will release the Op's Update RNS.

This is an oil company with many spuds/ drills being done at el some would think all the relevent news should be done to appease their imptatience yesterday.

It only takes one bit of impending news to hold back the issuing of a RNS and the this should have been done by now/ last week PI should understand this is the oil and gas game with my cogs to the wheel not TESCO.

The wait will soon be over and afterward the same impatient rinse and repeat posts no doubt....................

Clive is no doubt waiting on some vital feedback before releasing a Op's Update imo. My guess is he's waiting on feedback from the COO re various well spuds have gone ahead and are at X depth/ A8 and 153 Well updates on flow rate if any - clearing debris etc..

They probably need more time re A8 Deep Well wireline logging/ flow testing - 4+ interval wireline logging/ testing/ net thickness per interval blah blah blah...

They can only go as fast as the drill bit re an Op's Udate, and it looks like they've had to do further work to me or extended flow testing etc.?

News is very near no doubt, hopefully it's good news all round.

C.C,

Yeah, and we all know next week could go either way having researched this to death, however no matter how much research we do it's all down to the drill bit.

I'm not expecting much news on the peripherals i.e. CE/SY just that talks are on going etc..

My focus is on operations re 802/ A5/ 144 well spuds /153/ A8 wells and the 4+ A8 intervals - if most of these come in then great I'll be happy with that for now, and of course any planned acid washes to boot.

Like we've said 2022 is very likely the year for a major share price move north, it's another year but it's all there........

And so now we wait.

Just a thought, but if the A8 Deep Well is blocked and they're having to refrack it with a newly formulated acid wash it could help speed the Dutch up with the new acid treatment formula they're preparing?

After all sitting on 5 blocked deep wells with potentially game changing OIP numbers and potential production in the tens of thousands of bopd just sitting there is criminal.

If that's the case then bring in a Major to sort them.

Who knows the new Dutch acid treatment may have already been used in the past 6 weeks?

CC,

As Bradley Walsh would say re 2022.

Gotta be an it.....

There are 3 imminent wells about to kick-off A5, 802 and the 144 Well, let's hope Clives got a few spuds in his Op's stew.

And not:

A5 still waiting on piping?
802 will spud before year end?
144 waiting for the 153 rig to be moved over?

A8 blocked
153 blocked

SY/ CE still waiting on export license upgrade/ CE contract still finalising.....

So damp squib or lots of moving tenticles?

He's probably waiting for the COO to tell him how many barrels the A8 Deep Well is flowing at over the past 5 days before he can finalise his update. ;-)

ukred,

Thanks for that, can't wait :-)

I guestimated the A8 Deep Well would be casing/ testing last week, but will go for an Op's Update RNS on Monday, 6 December with a closing share price of 9p.

They're both sells!

How can you have a buy and sell at virtually the same price when the lowest buy has been 4.05p for days.

I wouldn't be in financials for all the tea in China, Evergrande is going to have a big knock on effect on the banking sector.

Got in RBS at 13p in 2008 financial crash, they dropped 96% made a killing.