Member Info for wolfi

If Carver uses yet again the excuse that they are waiting on equipment and materials from China after all this time then he is taking us all for fools ffs. I don't hear of other oilers having these delays.

I agree Smarty, that IP is unlike any of their previous ones,

That's a massive work program in the remaining 5 months of the year for a company with a mkt cap sub £100m, question is with falling production/income levels and explorer deal falling through, how can they afford such a work program ?

Answer is they can't.

Smarty - I am pretty sure it's come from the Al Marri family , if you divide their holding by 2 you get the exact amount that Midiel have bought.

Al Marri Family 221,625,001 shares divide by 2 = 110812501

Was this part of the reason why we were suspended ?

How did this transaction take place if the shares were suspended ?

They did mention in the Annual report that they were condidering mineral opportunities in kazakhstan

Or may be Edmund wasn't happy over the way the company has conducted itself over block 8.

Looks like wind's out and Minerals are in :-)

"Further aquisitions likely" don't tell me , Kuat's got a fecking copper mine that needs investment :-)

• Distance to the Russian border 600 km’s (London to Edinburgh)

• Distance to the Chinese border approximately 3,000 km’s – (London to Istanbul)

• Specific issues

• Availability of drilling consumables (in particular pipes)

• Crossing the border – long waits

• Accessing the Kazakh rail network

• Up front payments

• Down time when things break

• It has made sticking to a set drilling programme impossible

This is all well and good but why the feck don't they stick it on a cargo plane !

I think your being paranoid, Clive can't stand up at an AGM and say all is well and it's a non commercial reason that the accounts are delayed if that wasn't the case he would surely end up behind bars for misleading investors.

TotalEnergies’ plan to sell Kazakh stake blocked

State-owned player uses legal right to intervene and eyes the Dunga field deal for itself

29 June 2023 12:25 GMT UPDATED 29 June 2023 12:25 GMT

By Vladimir Afanasiev

TotalEnergies’ deal to sell its 60% share in Kazakhstan’s Dunga onshore oil development to Kazakh oil magnates has been thwarted by KazMunayGaz, which wants the stake itself.

KazMunayGaz’ deputy executive chairman Dastan Abdulgafarov said the state-owned company is in final talks with TotalEnergies, with a deal to be announced “in the nearest time”, according to Kazakh news outlet Kursiv.

Kazakhstan’s Energy Ministry has agreed the plans, according to Abdulgafarov.

However, Abdulgafarov did not say if he expects the two other shareholders to ask KazMunayGaz to buy out their stakes.

Interesting article on Nostrom oil &gas efforts to avoid Urals pricing restrictions;

https://www.upstreamonline.com/field-development/uk-oil-and-gas-player-breaks-free-of-oil-price-caps-on-its-kazakh-output/2-1-1478053

My theory is that 802 is more advanced than the company has let on and they are delighted with the results they are seeing, so much so that that 803 is about to spud. Thing is these 2 wells could produce far more oil than they can tanker out. In the past they have talked about the need of a pipeline to hook up to the main pipeline and that they were going to to look at a number of ways to fund it including reserve based lending , but maybe they decided to sell a half share in C.E to help fund a pipeline.

Paul78 - You have been trying to talk it down since you first appeared 9 months ago , your very first post on this board you told us this was going private and we were going to be bought out for 3p, hence you have zero credibility.

I should ignore him Jimmy, he admitted he sold out a while ago, if you look at his previous posts he's always trying to spread doubt and negativity, pathetic really.

Somm - Clive has stated in the past and taken from my notes ;

We seek to recycle gas products as a by product at BNG to power the contract areas day to day operations. We seek wherever possible to Avoid flaring , which in any event is a regulated activity.

Tcxman - my guess is they were sells and were what has been holding the sp back all day.

AST was a basket case long before Clive rocked up in 2013.

One day , a prediction of yours might come true :-)

Looks like Tokayev will retain control .

https://www.reuters.com/world/asia-pacific/ruling-party-likely-sweep-kazakh-parliamentary-election-2023-03-19/