Member Info for somm

Yep, get the 2022 FY results out of the way and a new CPR (2023) and we should be in the decent double digts, who knows an offer could come in in the triple digits - that's how I'm looking at 2023.

Not arsed about 10% drops as any drop is a top up opportunity - things are happening with CASP and in the short term (1/2 years) 4p will be a distant memory.

One billion pound company I recken will happen.

Why are the owners wanting to swap their debt into shares.......hmm.......£1 billion later or $6m debt now? no brainer.

New Deep Well 802.
In September 2021, we plan to spud a new Deep Well 802, targeting structures in the Devonian.

A5 Deep Well.
We plan to drill a new side-track at this well from a depth of 3,850 meters to 4,500 meters commencing in October 2021 provided we have access to new drill pipes.

These two wells shouldn't be far off from spudding along with 141 Horizontal Well.

With all the other 'major' news due we're surely due a bumper Op's Update this month and a proper share price hike?

As Bradley Walsh would say...'gotta be'.

Be careful with off-shore Namibia.

Before 88E was renamed I threw £100K into them on the back of a prospect that gas oil slickm gas plumes and OIP guestimate of 8 billion barrels.

They spud got to TD and not a drop of oil - lost £95K instantly.

Did all the research in the world, with multi Geo's advice to boot - only invest what you can afford to lose.

Should read.

Along with the A8 Deep Well and 153 Horizontal Well results imminent.

Sure is KK,

With 141 Horizontal Well to spud and A5 and 802 Deep Wells to spud too.

Along with the 802 Deep Well and 153 Horizontal Well results imminent.

SY export license upgrade this month to boot?

Yep November is looking very good.

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

From the past couple of RNS's I have worked out the current drill speed of the A8 Deep Well, which is approx. 5.6m per day – slower than I originally thought (10m per day), and can now see why they’re estimating the A5 Deep Well sidetrack taking 6 months to drill 650m (approx. 7m per day).

Which means we should be around the 5,135m mark today - casing aside.

That’s means if they were to drill to TD it would take approx. another 33 days plus casing/ initial flow test (IF there’s live oil down that deep to flow test) to add so another 40 days for the A8 Deep Well to hit TD?

If they can get to 5,300m TD - I don’t think they will though as Carver didn’t seem that confident in his last A8 commentary – ‘when we stop drilling’.

So I think the next RNS will be about the 153 Horizontal Wells flow rate/ blocked etc. and the current depth of the A8 Deep Well being around the 5,135m mark – perhaps they’ve already stopped drilling and are now testing multiple intervals 4-8 oil bearing zones? Hopefully we’ll get to know the API and net thickness of each interval to boot.

If any of these oil bearing deep pre salt intervals flow commercial quantities of oil then we’re in the money and there’s several intervals to test.

Got to be in it to win.

I'm hoping they've been doing a proper flow test fo that past couple of weeks and stretching news to coinside with A8 Deep Well update/ other.

At least there's 4 intervals to go back and test (90m+) if the wells blocked/ needs clearing of debris, who knows may be for once it's a proper flower?

Some chunky buys coming in.

Badge,

CASP have a good tight hole policy, I haven't seen any dips/ spikes just before any Op's Update.

We don'r know where/ what A8 is doing, we will see pretty soon.

Buys on the move now.

Badge, enspire us and buy some - while you can at this price.

7 Months old that and they're already tied up.

More coffee needed.

One day Rodders...............

The A8 Deep Well should be at the 5,200m mark by weekend if drilling at 10m per day.

W/C 9/11 and we could hit TD 5,300m.

However, if it's drilling the final stretch through oil saturated rock (heavily fractured oil column(s)) we could be much closer to TD and news out next week together with 153 Well news to boot.

If the A8 Deep Well is drilling at 15m per day then we're pretty much there.....oil columns from 4,500m to 5,300m and whoop whoop mother load!

No blockages etc. on both wells and with decent initial flow rates and boooooomage!!

One / two weeks to go to double didgits (that bits a ramp BTW).

Ranger, how dare you call Uilliterate-one and UpieceofLard Muppets!

They won't like that mate.

KK,

If the last 200m of the A8 well is saturated with oil and one heck of an oil column they may be able to drill faster through it to TD 5,300 (and not be around my 5,150m guestimated todays depth)?

If that's the case then they may well hold off updating us on the 153 Wells flow rates - sticking a pretty decent RNS together.

I think they will be doing a longer flow test anyway on the 153 Well - the 154 Well had reported flow rates of 730/700/ 640/600 finally flowing at a steady 600 bopd.

rhertig,

BTW.

The 900m OIP number was a decade ago and before we'd drilled the 5 Deep Wells (soon to be 6 Deeps).

We're going to see big OIP numbers when they crack the deeps. They only need to show live moveable oil in these deep structures to guestimate the OIP numbers (even if it's low API oil). When they do a new CPR I'm expecting a massive increase in OIP numbers and P & C numbers, which will no doubt still be conservative until Appraisal Wells are drilled firming up production/ flow rates/ API/ boundaries etc..

Majors will be more than sniffing by next years end for a slice of the pie. imo.

rhertig,

FYI.

''In January 2011, BNG engaged Gaffney Cline & Associates (“GCA”) to undertake a technical audit of the BNG Contract Area and subsequently Petroleum Geology Services (“PGS”) to undertake depth migration work, based on the 3D seismic work carried out in 2009 and 2010.

The work of GCA resulted in confirming total unrisked resources of 900 million barrels from 37 prospects and leads mapped from the 3D seismic work undertaken in 2009 and 2010. The report of GCA also confirmed risked resources of 202 million barrels as well as Most ­Likely Contingent Resources of 13 million barrels on South Yelemes.

The depth migration work that was carried out by PGS enabled Caspian Sunrise to gain a greater understanding of some of the deeper prospects yet to be explored. Caspian Sunrise believes the greater potential exists in the pre salt prospects and has plans to drill further wells to validate this belief.

In September 2016 Gaffney Cline completed an assessment of the reserves and resources attributable to the MJF structure based principally on the results from well 143.''

We're sat on billions of barrels of OIP.

90 million barrels of OIP? .... chuckle.......

C.C

Yep the foundations are definitely strengthening for sure - when we have added the three Horizontal Wells 153/ 144/ 146 to production then we could be well over 3K bopd plus the 4 SY wells that are ready to be brought online when the Export Licence is approved (4 more Horizontal Wells?) we could be pushing 4K+ bopd from the shallow wells by next years end - that will be a proper firming up of this company.

A8 - TD W/C 11 November imo if they can drill that deep - currently hovering around 5,150m by my calcs so a couple of weeks yet - I really hope in the next RNS they just give us a current depth and we're still drilling toward the 5,300m TD.

If the A5 Well can flow at 3,800 bopd steadily and the other 4 Deep Wells flow each in the thousands then we could be looking at way over 15K bopd next year and with that a massive OIP / P & C jumps - new CPR 2023.... and Majors putting feelers out....

Exciting times ahead mate.

I reckon this will be a £1 billion+ Company by end of next year id not earlier if all of the above comes to fruition.

C.C.

Yep next Spring can't come soon enough, surely A5/A8/802 Deep Wells will prove the OIP numbers up way over the 900m already stated into billions woop woop!

The other biggies is the other two Deep Wells that the Dutch are working on re new acid treatment formulas - if the the new acid solution works then fukc me that two deeps we won't have to drill, though I suspect sidetracks will be done on them before the end of next year.

Get these Deeps flowing and there may well be a squid party with a takeover on the cards - why do you think they want to transfer debt into stock? ......drum roll.............

We were told the 802 Deep Well was planned to spud last month having our own equipment/rig so in the next RNS I'm expecting new on this well spuuding - the A5 Deep Well is also expected to be sidetracked this month if we have new pipeing (hopefully it's on site now). The 153 Horizontal Well is testing and we should hear next week what the results are - the 154 Horizontal Well saw flow rates go up and down over 2+ weeks so i've no doubt they are flow testing this for longer to better understnd a steady flow rate.

SoI think we'll see news on the these three wells in the next RNS and the specific well spud of another horizontal well - 146 Well next?

A8 Deep Well depth update to boot - should be hovering around 5,150m - will they get to 5,300m?

All other bits aside I think we'll see a very good Operations Update next week .

I hope they increase the explosives power when they frack these four+ intervals causing massive/ wider fractures - could the word be out these four Devonian intervals have live moveable oil on further examination of the cores/ wireline logging on the way down? Are they nearing their Primery Devonian Target - couple of hundred meters to go to TD by my cals.

Have they drilled into more intervals (same Gross oil column 1,000m deep?) - drill baby drill..............

Yep and for the slow coaches they may have to pay 5p today/ tomorrow.........choo! choo!