Member Info for wolfi

Orthodox Christmas Day falls on Saturday, January 7th, 2023 (and observes on Monday, January 9th, 2023, today) in Kazakhstan.
https://holidayapi.com/holidays/kz/orthodox-christmas-day

CC - here you go , Tengiz weather.

https://www.accuweather.com/en/kz/tengiz/1686182/january-weather/1686182

Positively Barmy weather at Tengiz today + 8c, remaining above +5c for rest of week before turning colder next week down to about -10c

Brent through the $85 level, now $85.91

Brent's going on a bit of a charge today Mike, now $85.56

I got a response from Clive regarding oil pricing;

There has been no meaningful change since we announced approximately $32 for domestic sales and approximstely $38 for sales to mini refineries.

Ah thanks CC.

A bit more on the boat from Casp website, i hadn't noticed that amount of detail on the website before, have they updated it ?

Caspian Explorer
The Caspian Explorer is a drilling vessel designed specifically for use in the shallow northern Caspian Sea where traditional deep-water rigs cannot be used. We believe it to be the only vessel of its type operating in the Caspian Sea.
Caspian Explorer
The Caspian Explorer was conceived of by a consortium of leading Korean companies including KNOC, Samsung and Daewoo Shipbuilding. The vessel was assembled in the Ersay shipyard in Kazakhstan between 2010 and 2011 for a construction cost believed to be approximately $170 million. The total costs after fit-out are believed to have been approximately $200 million and we believe a replacement would now cost in excess of $300 million and take several years to become operational.

In June 2021 we announced the first charter for the Caspian Explorer since it has been a part of the Group. The charter was with the North Caspian Operating Company (“NCOC”), which is the principal operator in the region, comprising the Republic of Kazakhstan working through KazMunaiGas (KMG), and international oil companies including Shell, ExxonMobil, Eni, Total and CNPC, the consortium operating the Kashagan field.

Operational characteristics
Operates principally between May and November as the shallow Northern Caspian Sea is subject to winter ice – elsewhere it can operate all year round
Operates best in depths between 2.5 meters and 7.5 meters
Can drill to depths of 6,000 meters
Typically has a crew to operate the drilling vessel of 20
Has accommodation for approximately 100
Costs approximately $100,000 per month while moored in port
Is generally able to pass on other costs incurred while operational to the clients hiring the vessel

Shame they didn't take the opportunity to tell us what the current oil price acheived is.

Oil price back up into the $80's , $82.47 this morning.

Rhertig - This might help, there is a section under signal shares that mentions about shareholders who live abroad ;

https://wp-caspiansunrise-2020.s3.eu-west-2.amazonaws.com/media/2022/11/CS-dividend-letter-to-sharehoders-10-11-22-Final.pdf

KK - Both are likely to raise my blood pressure :-)

CC - i too have been having that lovely thought :-)

Does this mean that some of our oil is going to be sold internationally again as MR collect from us and we deliver to domestic market by tanker i believe, so oil being transported to the main pipeline suggests it's going to be sold internationally.

Tender description:
acceptance, preparation, storage, transportation and delivery of commercial oil to the main oil pipeline system from the south elemes yuzhny field.

A bit more detail on who bought Totals share of Dunga.

https://www.upstreamonline.com/production/totalenergies-strikes-deal-with-kazakh-oil-magnates/2-1-1365699

https://oilprice.com/Geopolitics/International/A-Wedge-Is-Forming-Between-Russia-And-One-Of-Its-Most-Reliable-Allies.html

Kheldar- reserves need to come into the equation.

Cheers ukred, i assume that is the South Yelemes field, i guess that all our own rigs will be tied up drilling at MJF and the deepwells. If my calcs are right that's worth about £3.3 million

There's the drag on sp, 1.7m sell.

Divi being payed out on production of 2,400bopd, we were producing earlier this year circa 4,000bopd, shouldn't be too difficult to acheive this again with a bit of remedial work. I make that about a 65% increase in production, i doubt the divi would go up that much but it should surely increase substantially.