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is rising sharply again today. Over $65 again.

Yes Rhertig ,we may be in the gutter but we are looking at the stars, Very CASP

Or on closer reading of your post "he"

Is she your ex because you spread your bets?

Has also gone on a little surge today and is back over $64. Every little helps.

The next major RNS will be annual accounts for 2020 which should come next month. A loss looks likely but clearly they have already moved on from that. I am mainly interested in it for better information about costs and taxes which will come with the new accounts format I think.

3p would be an entirely reasonable sp today. We were last over 3p for a period last summer when the prospects were much worse than they are today.

Rocketeer, there are three problems with your response.

Firstly the etc. in your calculation implies the current price should be 6.5p which it clearly isn't.

The second is that you propose that the value of the share is proportional to output and that there are therefore no fixed costs. Clearly there are some - the BNG charge for instance and the cost of maintaining Boaty to say nothing of the Board salaries.

The third is that 5k bopd would give us a revenue of £63.5m at current oil prices andan export percentage of 70% whereas a valuation of 25p would put the value of CASP at £522m, that is 8 times higher than total revenue without allowing for any costs at all. This seems very unlikely.

Perhaps you would like to provide the basis for your calculations so we can see hoe you got there?

Interesting post KK. My very simplistic spreadsheet comes up with a value of about 12p if MJF moves up to 5K bopd as you suggest. The current output supports the current sp but there is nothing in there for the MJF drilling program.

Shares without dividends tend to have more volatile sps, and this is no exception. The sp has reflected the possibility of bankruptcy at some points in the last year, but this is clearly not going to happen. There has also been a reaction to the disappointment of the deeps which has weighed the share down.

I agree with your view that the market will shift towards valuing CASP on the basis of MJF and that will lead to a steady rise. My view would be that we should reach 5=6p after Q2 results are announced sometime in the summer, with a move towards 10p at the end of 2021. A definite hold and very clearly oversold.

I wonder to what extent the GoGo Gonzos on ADVFN are holding the price back with their childish antics?

It's not going bust
It's not going private
It isn't going nowhere
It's going up!
CASP is on the cusp

I have no knowledge of the fracking technology being proposed for the deeps in the RNS, but I do know that cashflow is likely to be limited at present. "Deeps on the cheap" is their current strategy, and I can't really argue with it, whichever contractor is benefitting and no matter what their relationship with the CEO might or might not be.

The important thing to know is that CASP is on the cusp.

Can you see why people tend to ignore your posts fido? I do quite a lot of research on CASP and when I have something useful to say (in my opinion at least) I post it on here. Quite a few posters on here do the same. Sharing research and opinions is the main function of the board.

If you do research and then keep it secret, but let everyone know that you're keeping it to yourself, then you are unlikely to be either liked or respected. Perhaps this doesn't trouble you.

and translate what exactly fido?

Oil prices have improved Beynon. OK they could improve some more, but CASP will be profitable at these prices. The question is how much cashflow will they have to drill further. Perhaps we will find out tomorrow.

Remember, CASP is on the cusp.

No Rocketeer, you haven't got the hang of it at all.

Do you see rocketeer? Are you watching Fido? Subtelty that's what is needed"

What is CASP on the cusp of? Ah well that is the reader's imagination. There are so many things it could be that each reader can draw a different inference. But that is now my mantra. Watch CASP creep up on the back of it.

The fact of the matter is that we really don't know CASP's position because they have told us so little. We can make intelligent guesses of course, but all we really have to go on is
1) They are still trading
2) They haven't yet come to the market again for more cash
3) The export price and % have both recovered to something like pre-Covid levels
4) They've had a bit of a shake up in the Board
5) Nothing has happened recently that is so bad they have had to issue an RNS
6) There is still everything to play for, but probably more slowly at the moment
7) Nowruz in Kazakhstan is a time of renewal and hope

All the recent share price movements have been rumour ramp and deramp plus volatility on very low volume.

Yes Rocketeer, your game is over here as most of us knew it would be from the start, given the very poor style of your ramping . Now go away and don't trouble us again.
Meanwhile, we continue to wait for some news. And I am afraid we will continue to have to be patient!

I think we are better off not having an RNS on April Fools Day. I for one am quite happy to wait for a week

Sprott are gold specialists and their main interest is in that metal. They have a vested interest in suggesting that the price of gold will rise which should be taken with a pinch of salt. The article is also written from a US perspective

The pressures which push gold and other metals / oil tend to be different and the article seems to conflate them. I agree that QE will rise as it did after the 2007/8 banking crisis, but possibly not to begin with as people remain cautious about equities until the post pandemic recovery is more secure, preferring to stay in cash which banks can place in bonds.

The concerns about inflation are also US centered and are most likely to be import price led as the dollar weakens. Concerns about inflation in the UK are more political in origin as the chancellor seeks to justify an early return to austerity in a probably self-defeating move to repair public finances.

The price of oil is more likely to be affected by the strategy of US frackers as oil prices recover, and the success of OPEC in holding back overproduction elsewhere, particularly from Russia and to some extent Kazakhstan. Demand will return slowly, so the important factor is supply. Currently of course the main factor is the Evergreen!