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There isn't much to say about CASP at the moment while we wait for news, except that there are lots of possibilities for success (and failure). Sometimes silence is the best option

I think he probababbly meant sembularity.

Pots and kettles...

Wabu, at 1900 bopd and an average price of $33 (see RNS) then I would guess a profit of about $8m before the boaty revenue. However, I don't see the bopd staying this low over the year with the number of drills planned.

11th on the share riser board this morning. Not to bad even if it is partly due to the spread.

The RNS is not showing on the site - on my computer at least! I had to look it up on the CASP site. It seems to be a steady as we go RNS with no excitement but no worries either.

I missed yesterday's RNS as I was involved in family xmas mk1 (and also because of the confidence of several posters that it would arrive today). I think Smarty has summed it all up nicely. 142 is a small disapointment, but may yet deliver. There is essentially no good news, but most of the wells are still in play, so good news may very well come along next year. If it does then the sp should move upwards sharply as it has done before. The bopd remains in a profitable area IMO, but cashflow to going into more drilling, as many of us have suggested should be the case.

A strong hold.

The post /trade ratio (PTR) metric is an important indicator for CASP. With this post it has risen to 4 today - quite a high value. A high PTR shows continuing but rather frustated interest from existing holders combined with a lack of interest from new buyers. Clearly nothing spectacular has happened but possibly slow progress is being made. Dates for certain events to occur given by CASP have never been particularly reliable in the past so I am not reading too much into them now.

Happy Xmas to all. Barring RNSs my next post will be in the New Year.

Ten degrees in Aktau today. Good drilling weather.

1J, you must be amazed on a regular basis!

If there are a load of sells and the price stays the same, then probably some of them are buys. BM, you have given the probability argument for things coming good - one of these many drills has got to work? There is also the outsource argument, bringing in partners e.g. 802 and the historical argument (shallow well side drills have worked well in the past), the experience argument (we've possibly learnt from our mistakes) and the equipment argument (we've got better drilling equipment).

I see they have widened the spread to 20% this morning to try and get things moving.

Oh, and the price paid for those small purchases has now crept back up to 3p.

Agreed Mr C. It does seem like groundhog day in many ways. However, the market is still saying let's wait and see. No sells today and four paltry purchases of around £200 in total. I haven't reinvested my dividend yet. Perhaps this is the bottom I have been waiting for?

The sp was marked down on opening today, but there has been a surplus of about 600k shares bought over shares sold today (to the extent that the identification of each can be relied on). The reaction of the market seems more positive than that of the market makers. They have also got themselves a nice spread.

Clearly the drilling activity in Q4 is ongoing and will likely result in some good news by the year end, so I agree with smarty that the rationale for this RNS is unclear, except for the reference to collaborative work on 802. Perhaps if this latter point necessitates an RNS, then reporting on other operational activity is also required.

The negative reaction to this RNS comes from the lack of drilling progress, but was anything really expected at this point? I think we were in a waiting period and remain in a waiting period.

This is essentially an RNS about a collaborative arrangement and should be treated as such. Given past failure on 802, I personally welcome this development.

Even the posts to this board have slowed down!

A large (£10k) sale at 9:33 seems to have created today's drop all on its own. A few observant buys (not me) followed to steady the ship. We will be subject to this kind of thing until news surfaces.

No CC, I wasn't suggesting Quaytec was a victim. Best strategy Quaytec, its the one I try to follow but I don't always succeed!

CC it is rather obvious that Quaytec isn't playing a game, but instead is rather upset. Please be kind to him.