Caspian Energy Share Discussion Threads

[cmabey] 26/5/2009 15:34

hrocka: You said it, although it's fine with me. Have skimmed initial investment and will hold for (hopefully) the ride now.

[htrocka] 26/5/2009 15:29

CM. the directors talk of `going concern` status problems....but still hold onto 10m+ shares....something is not quite right here.


ps...this is a phenomimal rise from no where.....130%...amazing.

[cmabey] 26/5/2009 15:08

p.s. Nearly had my fingers taken off there. Thought I'd test the appetite so put in a limit to sell 25K - and never seen them go so fast.
Might regret that - the offer now at 18.5 cents

[cmabey] 26/5/2009 15:00

Thanks. More action over at CEK today - at 10 cents right now. Something definitely looks up.

[htrocka] 26/5/2009 14:52

looked at kola....a nice `cup and handle` formed....ready for a break out...you should do well.

[cmabey] 25/5/2009 22:10

htrocka: Thanks for the link. They're certainly buying, although the number of shares is pretty paltry - Still, better than none.
As you say, nothing's certain - and capital does seem to be oozing back into oilers. I'm holding.

In case you also like miners I'll punt you back. Take a look at Kola Mining on Toronto Venture - and dyor of course.

[htrocka] 25/5/2009 15:55

. Technically this should be going down.....but there`s nothing certain in this old game.. inference suggests that the director buying may indicate that a farm-in agreement could be close....









2011 is a long way off yet... with a current Quoted Market Value: of 8.521 million (CAD)......it`s worth a punt.

[cmabey] 24/5/2009 16:02

httocka: did you see the Q1 results ? Here's an extract with key points. That's a lot of cash they need to raise, but as you say encouraging signs from directors. But when were the buys and where are you seeing this info ?

The Company's existing sources of financing and expected cash flow from operating activities are not sufficient to meet: (i) the repayment of the Loan payable of $3,711,346, which has no specified repayment terms; and (ii) the Convertible Debentures plus accrued interest, totalling $24,912,993 on
March 31, 2009, which mature on March 2, 2011.

Aral Petroleum Capital LLP, of which Caspian is a 50% stakeholder, has a contractual commitment to expend USD 38.9 million during calendar 2009 to discharge its exploration obligations pursuant to its exploration license with the ROK. To fund its proportionate obligation, the Company is pursuing
a farmout or sale of the North Block, which will result in an up-front cash payment plus an undertaking of the exploration and development obligations to earn a portion of the Company's interest. Several parties have indicated interest and discussions are taking place, but the outcome of these discussions cannot be determined with certainty. Updates to this circumstance will be press
released as they are solidified.

The Company's ability to continue as a going concern is in substantial doubt and is dependent upon a successful outcome to the negotiations taking place with the debentures holders and a positive conclusion to its farmout activities.

[htrocka] 24/5/2009 12:54

I was interested in the fact that the CEO, for the first time, made no comment on future prospects except to emphasise the possibility of `going concern` status being dependant on debenture holders approval ( a rather negative tone that subsequently drove the price down to new lows)....yet then went on to buy more shares.....obviously he didn`t want to hype this up during a directors buying spree. There`s been no news either way as to the `going concern` status.....yet directors are buying?....hmmmm?...no doubt when they`ve filled their boots we`ll get some positive news....a bit below the belt...but such is life.

[cmabey] 23/5/2009 12:11

There was next to no volume on AIM so I bought on TSX. Up 30% yesterday on good volume - interest definitely picking up in this despite some funding concerns

[htrocka] 22/5/2009 21:14

this was taken off the AIM...very conveniently..

[htrocka] 04/2/2009 18:47

Over here, this share has been unloved, yet in Canada there appears quite a lot of enthusiasm for it. The oil sector generally is in the doldrums, but this is the best time to invest.....when the upturn arrives so will the price of oil. The Kazakh government have just devalued the Tenge by 18%, this should cut overheads. Yes these have had a couple of dry holes, nevertheless, the finances are sound, no debt, good management....and hopefully lessons learnt. The next rns will provide the Reserves Report and possibly an update on the Production Licence....all in all, with new blood bought into the company, it`s not a bad share to be in.





Caspian Energy Inc. Announces Cancellation of AIM Listing

ps.....
9:26 AM ET, February 3, 2009


TORONTO, ONTARIO, Feb 3, 2009 (Marketwire via COMTEX) -- Caspian Energy Inc. ("Caspian") (CEK)(AIM:CEK) announces that it is cancelling its AIM listing effective March 3, 2009. Caspian is taking these steps as part of its efforts to reduce ongoing overhead costs in light of the current oil prices and given the recent minimal trading volume in its common shares on AIM. Holders of the Caspian common shares will continue to be able to trade their common shares through the facilities of the Toronto Stock Exchange following March 3, 2009.

SOURCE: Caspian Energy Inc.

[easson] 04/2/2009 17:19

htrocka
your comments are very much appreciated i will continue to keep an eye on this
thread

[htrocka] 03/2/2009 20:35

I have other shares that are traded on the tsx....I believe it`s somewhere in £1k p/a....still we`ll hopefully keep this thread open......and wait for the reserve report along with Production Licence up date......soooon.

[tweeeek] 03/2/2009 13:10

How much does it cost for a company to stay on AIM? I can see a few other UK companies not wanting to stay on AIM in the current conditions.

[stuart14] 03/2/2009 13:00

Might have to start a thread to try to keep up with these Co's leaving AIM. There seem to be a lot of them

[tweeeek] 03/2/2009 12:52

I think this is an excellent move, these can still be traded on the Toronto Exchange.

[drewz] 03/2/2009 11:52

So farewell, failed oil company. Another AIM investment disaster bites the dust.

[htrocka] 01/2/2009 18:52

it could be on the move....?

[htrocka] 28/1/2009 21:31

It looks as if it`s cranked the handle.....this should have no problem going through the golden cross...






mid price in Toronto is 6.3327p....a smidgen below resistance level...(6.3333p)...this could break out.

[cleo1601] 28/1/2009 17:41

hope you're right htrocka. Thanks for the info!

The markets look a bit more cheerful in general, which might help also

[htrocka] 27/1/2009 21:51

0.5756 BRITISH POUND (GBP) CAD/£


I don`t want to put my head on the block but....technically, with the exchange rate at $57.56p CAD/£ it`s mid price is 5.756p.. being above the central pivot point.....and with the three mda`s also looking good.....fingers crossed.

[htrocka] 24/1/2009 09:47

I`m curiously surprised that the `sells` in Canada are being absorbed and not effecting the share price....a possible indication an order is being filled......without `rocking the boat`?


ps...the Bollinger bands are looking very good, the triple moving averages are working their way towards the `golden cross` (an acknowledged `buy` signal`)...all in all, at this stage of the game. ...it`s looking good....it needs 0.5p rise to start the ascendancy north.


Price Support Pivot Point Resistance

5.0000 4.3333 5.3333 6.3333