Caspian Energy Share Discussion Threads

[htrocka2] 27/6/2013 18:37

They have a shareholders meeting today...we'll have to wait the outcome.....but you're right, it's not good. Ramsey. CEO, has only got ONE option left...and that's the Roger Nutt Solution...ALL depends on how he gets on...Ramsey will ask the bond holders to await the outcome of Nutts plan......it will simply be a case of take it or leave it...The bondholders will have two choices...it's either Nutt will come good...or it's the end....ie. sell the rest to the Chinese to pay off the debts.....and goodbye CEK. Let's hope that Nutt comes through.


A bit more 'trawling'...and another scenario turns up...Meridian Capital...are Russian.....they could take a slice of ARAL in lue of payment of debt....thereby reducing CEK's stake even further.

CEK are in the 'frying pan'...they're taking out new loans...when they can' even pay the interest on the old loans......all should be revealed by the end of July....The root cause of the problem is that the black stuff is not coming out of the ground quick enough.....hence the necessity for Roger Nutt to succeed. It's a simple case of 'do or die'. If Roger Nutt fails....CEK is finished.

[beergut] 27/6/2013 07:49

this won't help..

Any Views on it htrocka2?


Caspian Receives Notices Relating to Convertible Debentures
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Caspian Energy (TSX:CEK)
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Today : Thursday 27 June 2013



Caspian Energy Inc. ("Caspian") (TSX:CEK) announced today that it has received notices of a failure to make a payment from Meridian Capital International Fund ("Meridian Capital") under Caspian's Amended and Restated Convertible Debentures dated July 8, 2011 (the "Convertible Debentures") for failure to pay the principal amount on maturity. The aggregate principal amount of the Convertible Debentures held by Meridian Capital is US$9,343,731 and the maturity date of the Convertible Debentures was June 2, 2013. An additional US$3,117,226 aggregate principal amount of Convertible Debentures held by another party remain outstanding as well. The terms of the Convertible Debentures provide that a default occurs if there is a failure to pay principal on maturity and such breach is not remedied within 30 days after receipt of written notice from the holder. Caspian has 30 days to repay the amounts owing to Meridian Capital. Caspian intends to contact Meridian Capital to discuss repayment terms.

[htrocka2] 14/6/2013 23:16

There's plenty of media coverage....take your pick



hxxp://www.proactiveinvestors.com/companies/news/45018/caspian-energy-



hxxp://www.marketwire.com/press-release/caspian-energy-inc-announces-additional-funding-for-on-going-exploration-testing-wells-tsx-cek-1801832.htm

I personaly like this one...it emphasises the importance and priority given to Roger Nutt's Plan.





hxxp://www.proactiveinvestors.com/companies/news/45035/fridays-most-followed-in-canada-including-sears-cameco-caspian-energy-karnalyte-agrium-transat-avrupa-minerals-resaas-services-45035.html





hxxp://www.oilvoice.com/n/Caspian_Energy_announces_additional_funding_for_ongoing_exploration_and_testing_of_wells/e9c762b9dc12.aspx





The next piece to the jigsaw will come via an rns on Friday July 12th....regarding CEK's TSX Listing....this is an important one. Let's hope CEO Ramsey pulls it off.....by which time CEK will have an inkling on how Roger Nutts Plan is unfolding which may be crucial to CEK returning to the TSX Listing.



the news has had a positve effect on the share price ..

Caspian Energy (CEK) Com NPV (CDI)
.Sell: 3.14pBuy: 3.14p0.63p (19.99%)


and finaly...the plain speaking Australian version..(it even made the Russian media)

hxxp://www.proactiveinvestors.com.au/companies/news/44535/caspian-energy-to-test-two-wells-after-agreeing-us20mln-loan--44535.html

[htrocka2] 14/6/2013 19:04

yep......we'll know ALL the facts in 90 days time...at least they're still 'in there'.It's all down to Roger Nutt now.(he has a rig and $2m to play with)...he's convinced the backers that it's a 'goer'....and do-able..fingers crossed for September.(....the backing..was at a price though..ie, a further 6.5% of ARAL...CEK are now down to 33.5% from 40% of ARAL..that's a pretty good deal under the circumstances....I expected a lot more))

extracted from the rns...

'....the agreement......expects to be able to immediately implement the previously announced testing of certain wells based on the advice of outside consultant Mr. Roger Nutt ..'


hxxp://www.stockhouse.com/news/canadianreleasesdetail.aspx?n=8900587


Caspian Energy Inc. Announces Additional Funding For On-Going Exploration and Testing of WellsCaspian Energy Inc.

CEK 6/13/2013 6:40:34 PM



Caspian Energy Inc. Announces Additional Funding For On-Going Exploration and Testing of Wells
hxxp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0880503001&sourceType=1hxxp://media3.marketwire.com/docs/CASPIANenergylogoLARGE.pngCALGARY, ALBERTA -- (Marketwired) -- 06/13/13 -- Caspian Energy Inc. ("Caspian") (TSX:CEK) is pleased to announce the signing of a number of agreements (the "Transaction Agreements") whereby its Kazakhstan subsidiary expects to be able to immediately implement the previously announced testing of certain wells based on the advice of outside consultant Mr. Roger Nutt (the "Nutt Plan") over two wells within the next 90 days. Pursuant to the Transaction Agreements, additional financing has been committed to Aral Petroleum Capital LLP ("APC"), a Kazakhstan partnership in which Caspian indirectly holds a 40% interest, to cover operating expenses, as well to Caspian to cover ongoing overhead and accounts payable. The financing will permit drilling which will allow APC to meet its 2013/14 License drilling commitments in the North Block.

The Transaction Agreements provide for the availability of a loan of US$20 million to APC for the purpose of funding APCs operations. It is intended that proceeds from this loan will, in part, be used to fund the work prescribed in the work program agreed with the Ministry of Oil and Gas in Kazakhstan. This work program envisages the drilling of a deep exploration well in the Baktygaryn and Aransay area. As well, one shallow well is planned to be drilled in Itassay.

APC has two existing wells for which testing has been approved and will commence imminently under with the Nutt Plan. Of particular note is well 316, which is to be tested first, and for which US$2 million of the above mentioned US$20 million loan has been allocated. All required approvals to test well 316 have been granted. Negotiations are underway with local contractors with a view to commencing testing in the very near future and a rig is currently available for this purpose.

The Transaction Agreements amend the loan agreement between Caspian's wholly-owned subsidiary, Caspian Energy Ltd. ("CEL"), and Asia Sixth Energy Resources Limited to allow CEL to draw US$100,000 each month from now until November and to draw an additional US$1,400,000 as early as December 28, 2013. These funds will enable Caspian to bring current all of its existing payable and to cover its budgeted operating expenses over the next 18 months.

In return for raising the financing contemplated in the Transaction Agreements, CEL's partners in APC, being Asia Sixth Energy Resources Limited ("ASER") and its subsidiary Groenzee B.V. ("Groenzee" and together with ASER, "CEL's Partners"), require CEL to transfer to them part of its ownership interest in APC resulting in CEL's interest in APC reducing from 40% to 33.5% provided CEL's Partners comply with their obligations under the Transaction Agreements.

"Clearly", Caspian Chairman and CEO William Ramsay commented, "this new arrangement places Caspian Energy Inc. in a significantly stronger position. With an improved balance sheet and new financing available for both capital expenditures and budgeted operating expenses for the next year, we will be able to return to our core business: exploring for oil. The North Block offers proven upsides, and we will now recommence those efforts by implementing the Nutt Plan over the next 90 days, and pursuing an exciting new well drilling program in 2013/14. I would like to thank all our various stakeholders for their ongoing support as we enter this critical but exciting phase".

Further to Caspian's press release of June 11, 2013, the TSX has announced that it will delist Caspian's common shares effective at the close of market on July 11, 2013 due to the TSX Continued Listing Committee's view that Caspian was not meeting the continued listing requirements of the TSX. Caspian has provided notice to the TSX that it is appealing this decision and will submit written arguments to the TSX. The TSX has encouraged on-going dialogue as Caspian moves forward with its plans and Caspian intends to pursue this. Caspian also plans to make an application for listing on NEX, subject to the outcome of its appeal to the TSX.

A summary of some of the material aspects of the Transaction Agreements follows. The material Transaction Agreements will be filed by Caspian on SEDAR at www.sedar.com.


(there's a lot more info....but you need to click onto the URL)




--

[beergut] 14/6/2013 00:49

Could be life in the old dog yet!

[htrocka2] 11/6/2013 19:58

The company is running on vapours...it's not the end..yet..The word 'determined' indicates finality...however, we still need to know how Roger Nutt got on. I'm expecting an rns to bring events upto speed before the 11th of July....ie, did Ramsey manage to pacify the bondholders...that expected a payment on June 2nd?.....that it'self should warranted an rns..

I took this from the TSX site.

Caspian Advised of Delisting on Toronto Stock ExchangeCaspian Energy Inc. CEK 6/11/2013 3:12:27 PMCaspian Advised of Delisting on Toronto Stock Exchange
CALGARY, ALBERTA--(Marketwired - June 11, 2013) - Caspian Energy Inc. ("Caspian") (TSX:CEK) announced today that the Continued Listings Committee of the Toronto Stock Exchange ("TSX") has determined to delist Caspian's common shares effective at the close of market on July 11, 2013. A letter from the TSX Continued Listing Committee states that the delisting was imposed due to Caspian's failure to meet the continued listing requirements of the TSX. Caspian intends to appeal this decision before the scheduled delisting date and submit written arguments to the TSX. The TSX has encouraged on-going dialogue as Caspian moves forward with its plans and Caspian intends to pursue this. Caspian also plans to make an application for listing on NEX, subject to the outcome of its appeal to the TSX.

[beergut] 11/6/2013 15:44

Now what?

TSX Delisting Review - Caspian Energy Inc. (CEK)
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Today : Tuesday 11 June 2013


TORONTO, June 11, 2013 /CNW/ - Caspian Energy Inc. (the "Company") - Further to TSX Bulletin 2013-0458 dated May 8, 2013, TSX has determined to delist the common shares (Symbol: CEK) of the Company at the close of market on July 11, 2013 for failure to meet the continued listing requirements of TSX.

[htrocka] 31/5/2013 21:08

..coming up to JUNE....it's make or break month for CEK.

[beergut] 28/5/2013 22:56

Are you following any other slightly less complicated stories at the moment?

[htrocka] 28/5/2013 20:27

one of the reasons I bought into CEK is because CEO Ramsey, was also CEO of Nelson Resoures. He made millions by selling Nelson out to Luke Oil....and the Alibekmola field is adjacent to CEKs Licence. I had hoped he'd re-produce the Nelson success...the oils down there...but the geology has changed and suprised everyone...Research suggests that Alibekmola contain 200m barrels of oil.

from the website..
The Company's (CEK) licence area lies immediately adjacent to various producing fields, including the Alibekmola, Zhanazhol and Kenkiyak fields



and finaly...remember that...
On May 7, 2013, the Company received an update from the TSX stating that the Continued Listing Committee has determined to defer its delisting decision until no later than June 10, 2013.

[beergut] 26/5/2013 11:48

thanks for the update.

it\'s an all in moment and we will have to wait for the last card to be turned over.

Let\'s hope it is black and oily.....

[htrocka] 25/5/2013 09:54

I doubt we've been 'fracked'....a very important couple of weeks in front now. (a)The June 2nd deadline..the settlement day for the bondholders. (b) The results of ROGER NUTTS 'fracking' theory for increased oil flows. The fact that Ramsey (CEO) has persuaded the TSX Authorities to delay the de-listing decision until June 8th implies that they, the TSX, are at least listening and giving him the benefit of the doubt. If Ramsey can persuade the TSX Authorities to delay a decision ubtill the 8th of June...then I'm fairly convinced that he's going to persuade the bondholders to accept some form of deal.....and if ROGER NUTT has pulled this off....(let's leave it at that for the time being.)...personally, because I have a vested interest and in view of the fact that the directors issued themselves 5m share options at 4.5p a share a few weeks prior to suspension, I bought a few more just before they closed the door,....hence, it's been a long haul but I'm optimistic that this all ends well....however.. we are without a shadow of doubt... in the 'last chance saloon').....all my opinion of course....


ps...from a Proactive Investor report...


Each target will be tested in sequence and it is expected to take 180 days to test all five. Therefore the full results will be known between early May and September, Caspian said.

Separately, Caspian also told investors that the Toronto Stock Exchange has put the company's listing under review and the company has 90 days to regain compliance with the exchange's listing requirements.

Caspian says, however, that if Mr. Nutt's views are confirmed, the effect on oil production and the company's financial position will be dramatic and this will 'ease the task of addressing the concerns of the TSX'.


personal comment...the bottom line..(a)..the May results are already late which does not bode well. (b)..Caspians existance as a listed company depends on Nutt being succesful....If Nutt fails...ASIA Sixth Group will take them out...at a pro-rata rate of $80m per 60% of ARAL...which will be just enough to cover debts....and zilch for shareholders, There is a bright side to this....Roger Nutt holds 11m CEK shares....with shed loads of options should he succeed......he'll obviously go for it....to my knowledge..he's never failed to produce the goods on previous occasions...fingers crossed.

[beergut] 23/5/2013 15:49

Looking more and more like we are the ones that have been 'fracked"

[htrocka] 12/5/2013 13:39

I thought I'd take another look at this one...

.On June the 8th, the TSX, after granting a further 30 day extension, will decide if this is to remain listed. CEK have a very large obstacle to climb, namely the June 2nd deadline, whereby $50m is due for repayment. They haven't got the money....however, a couple of options are open to them, the fact that the TSX granted an extension infers that Ramsey, the CEO, must have convinced TSX of the said possibilities...being (a), and the one most hoped for, is that Roger Nutt, the PHD Petrologist, pulls the rabbit out of the hat and increases the flow rates by up to 1000%. (b)The second and final option being that they sell off even more percentages of ARAL to the Chines in exchange for a cash settlement to pay the debts off.....leaving them a mere 15%... We have 21 days left to the final fence....let's see if they can get over it..... My bet is that the warrant holders to whom the $50m debt is owed, will have the final say....resulting in a possible combination of the two.ie, a+b....we'll see....and no doubt get an rns will be issued within the next 15 working days on what the warrant holders have decided.....

[htrocka] 15/4/2013 21:35

read the rns...they can hold back untill September...should they wish.

[beergut] 14/4/2013 20:45

Why no Press Release?

[htrocka] 12/4/2013 19:56

The geology of Khazakstan has been very problematic and mis-understood....It sounds as if Roger Knutt is going to 'frack' it...What ever happens....we'll need to know the outcome of Knutts theory.....at a guess, I'd say we get an update by June..

[beergut] 11/4/2013 22:22

Could be something really out of the ordinary. Like they found oil; which they have managed to avoid for the past 10 years.....

[htrocka] 11/4/2013 20:48

I just thought I'd throw this one in tonight....ALL are CEK directors...the share were suspended at $0.05 CAD



Jan 28/13 Jan 28/13 Harris, Gordon D. Direct Ownership Options 50 - Grant of options 500,000 $0.070
Jan 28/13 Jan 28/13 Harris, Gordon D. Direct Ownership Options 50 - Grant of options 500,000 $0.095
Jan 28/13 Jan 25/13 Korney, Brian Direct Ownership Options 50 - Grant of options 1,500,000 $0.070
Jan 25/13 Jan 25/13 Ramsay, William Alan Grant Direct Ownership Options 50 - Grant of options 2,000,000 $0.070
Jan 25/13 Jan 25/13 Mukhamedzhanov, Adil Direct Ownership Options 50 - Grant of options 500,000 $0.070




Read more at

[htrocka] 10/4/2013 20:50

you never know......this could relate to the suspension.(dated December..13th)

[htrocka] 09/4/2013 22:21

They've definitely been suspended...not sure why... a CTO (Cease Trading Order)by TSX IIROK usually refers to non compliance in accounts....However, they had upto the 8th of MAY to submit a compliance.(it does seem strange that the CTO has been issued a month early)..yet the way the rns is worded hints that a possibility exists that ROGER NUTT may have made a breakthrough. Let's hope it's the latter. No doubt we'll get a company update shortly,ie, within the cease of trading period...fingers crossed ...Although the rns is 'upbeat'... be braced for the worst....good luck.


TORONTO, April 9, 2013 /CNW/ - The following issues have been halted by IIROC:
Company: Caspian Energy Inc.
TSX Symbol: CEK (all issues)
Reason: CTO
Halt Time (ET): 8:11 AM ET
The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

[beergut] 09/4/2013 21:41

Does anyone know what has happened????

[htrocka] 18/1/2013 15:11

It should be good from here on in...fingers crossed.

[easson] 18/1/2013 13:21

Thanks htrocka
Full steam ahead!!