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Somm, it was a joke. I thought you would have noticed by the way I referred to his sunny disposition! Of course he hasn't bought 440k shares.

Meanwhile, back in the market, someone has paid 4.2p. Slow but steady.

Somm, 60,000 shares to be sold at 50p would give you £30k. He needed to buy the 440k between posts to get up to 500k in time for the second post.

I won't make any remarks about arithmetic. I'll just assume it was too early in the morning.

Well clearly Mr Cautious has purchased just short of 440,000 shares between these two posts, motivated by his natural optimism.

Oh dear, I seem to have made a post about a poster, against my own advice!

A classical mixture of subversion, irony and social manners. But back to CASP: a steady trickle of buys, but nothing very substantial. What are the two separate purchases of 10 shares each all about?

It is said that journalists fail when they become the story. Likewise, we should try to post more about CASP and less about posters. Although I do understand the temptation!

The actual trades seem to be converging on 4p, so possibly more of a consolidation day today. We'll find out after lunch.

Alongside the B&B activity there are a few actual buys going through

Lamaroma, we are all completely in the dark about whether there will be a special dividend operation and if so how big it will be. Rather than even try to answer your question, I will just say 5p in the morning

The spaghetti harvest is good this year

Thanks everyone for presenting the possible outcomes from CASP's latest RNS in a digestible form that new investors can relate to.

They have a long wet Easter weekend to mull over their next move.

100 pence?

A good run of medium sized buys in the second half of the morning, returning us to the effective buy price at close yesterday afternoon.

This could lead to a run over 4p this afternoon, without the fall back from daytraders cashing in their chips that happened yesterday.

4p at sometime during the day followed by a fallback as day traders cash in their chips.

Just checked: 2.25bn shares or to be precise 2,250,501,560 as at July last year

I think there are now 2.264b shares. Anyway dividing $200m by 2.1b at current exchange rates gives 7.5p

Whatever the answer, it is considerably more than the current share value. My view is three and a half times the value plus any residual value of the remaing assets (see previous post).

Why isn't the share booming? Firstly the valuation is itself an estimate, secondly the sale is in early stages, and thirdly shareholders have been disappointed by previous RNSs

I make it 10.5p for $300m. Did you do the dollar pound conversion Bull? The number of shares is also higher than it once was.

Gwm, the boat is about to be leased out later this year. The RNS sugests they are in early stage negotiations on other boat related projects, probably leases.

The recent posts from LTHs seem quite clear to me, but as a new shareholder there is quite a lot of history to catch up on. Go back a few days for long lists of the status of all wells and licence areas.

Thanks for the tax advice, but all my shares are in an ISA

It was more of an interim update in February with little change in output, or rather output rising from a lower level that we had not previously been aware of.

High ria, there was a good dividend here for a while last year, but that has currently been suspended. A large number of drilling and workover projects together with the leasing out of a shallow water drilling boat, means that divis could be resumed later this year.

Some people on here, would prefer the profits to be sunk into the deep wells where the real profit could come, rather than returned to us as dividends.

This share is substantially undervalued and can move up rapidly on a relatively small number of buys (LTHs don't readily sell although some trade). You are more likely to make your money on capital gains than dividends.