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CEK Caspian Energy

2.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Caspian Energy LSE:CEK London Ordinary Share CA1476641065 COM SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.00 GBX

Caspian Energy (CEK) Latest News

Real-Time news about Caspian Energy (London Stock Exchange): 0 recent articles

Caspian Energy (CEK) Discussions and Chat

Caspian Energy Forums and Chat

Date Time Title Posts
29/11/202010:14CLEO 16015
29/11/201409:55CASPIAN ENERGY INC (CEK): DISCUSSION AND CHART THREAD (moderated_926
11/6/200823:09Fully Filterable and Free Caspian Energy (CEK) Thread30
03/3/200810:20Caspian Energy Inc - DATA3
31/10/200709:40caspian energy inc167

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Caspian Energy (CEK) Most Recent Trades

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Caspian Energy (CEK) Top Chat Posts

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Posted at 04/1/2018 22:45 by htrocka2
....vat..with respect,..You are correct in saying that ABURA is/was producing 10,000 bopd with the help of BH, however, no where does it say that Tende/COPDC/Siriua Petroleum have nowhere does it state that COPDC/TENDE/Sirius Petroleum are involved with this existing 10500bopd.....merely that ABURA is producing this oil.

Re Abura/65 (from post 313509)
As of end June update Abura was producing c 10,500 bopd (that's true...but alludes to Tende being involved which is not the case.)

That comment was extracted from the Year Ending 2022 AR. supplied by the BOD.

OML 65 FTSA(from the Tende website)
 The existing producing field, Abura, has been in production since the 1970s, has been ascribed 16.2 mmbbls remaining 2P reserves1 and is currently producing c.10,500 bopd



Phase 1 of the fully funded approved work programme focuses initially on the further development of the Abura field, involving the drilling and completion of up to 9 development wells, intended to double current production of 10,000 bopd from Abura's 2P reserves of 16.2 MMbbls1.

In short...I can't find anything that informs me that COPDC have produced oil from OML 65.(They've drawn a tranch of cash...that's all)
Posted at 29/11/2014 09:55 by htrocka2
Oh yes you will (leave them in a bottom draw)... The route currently going through the world oil stocks seems to have avoided CEK...it could be that they're going through a transformational process having recently reversed into ARAL.
Posted at 19/11/2014 15:59 by htrocka2
Caught me on the hop....up 189% last week (current price about 8p)



11/18/2014 0.05 0.15 0.05 0.15 119,900 0.065 76.47% 0.15 11.91k 7
11/17/2014 0.06 0.085 0.06 0.085 8,150 0.045 112.50% 0.085 604.46 9
Posted at 24/9/2014 14:04 by htrocka2
Sept 24...they're beginning to move

Price: $0.08 | Change: +$0.03 | %Change: +60.00%
Posted at 01/8/2014 14:13 by htrocka2
Something's in the wind...watch this space.





Caspian Energy takes full control of Aral Petroleum

By John Harrington

August 01 2014, 3:07pm
Michael Nobbs, chairman, said: 'The signing of the share purchase agreement represents a significant milestone on the company's journey back to eventual solvency and renewed activity on the North Block.'
Michael Nobbs, chairman, said: "The signing of the share purchase agreement represents a significant milestone on the company's journey back to eventual solvency and renewed activity on the North Block."


Caspian Energy (TSE:CEK) is to take full control of Aral Petroleum Capital, the operating entity of the East Zhagabulak oil field in Kazakhstan.

The company is to issue Caspian shares to the other holders of Aral shares in a share swap deal.

Once the share purchase agreement goes through, Asia Sixth will have a 35.1% stake in Caspian, while Meridian Capital and Firebird will own, respectively, 26.0% and 8.2% of Caspian.

The aggregate purchase price for the purchased assets is US$47.1mln, assuming an issue price of 21 Canadian cents for the new Caspian shares.

On closing of the deal, Sixth Energy, which is the majority shareholder of Asia Sixth, and Meridian will provide a secured loan facility of up to US$21.5mln to Aral.



Personal comment......This is a total surprise to me...I would have thought that ARAL would have taken over CEK.....but the reverse has happened...CEK have taken over ARAL...at $0.21CAD....(I make that 11.34p per new consolidated share)...leaving 30.7% in free float....it's a strange world.
Posted at 17/1/2014 23:20 by htrocka2
sorry a bit late...'yes'...the bond holders have accepted debt for equity, however, at a price... the CEO Ramsey, and his side kick are to go within the month, the rest of the board by the end of the year. The bond holders called the tune...and took over the company replacing the current board with their own directors and accepting a conversion of debt for equity of $0.02CAD for 82% control......and ROGER NUTT has still to report. For the first time since relisting, there are more share buyers than sellers.
Posted at 27/9/2013 19:33 by htrocka2
hxxp://english.pravda.ru/business/companies/13-09-2013/125651-russia_oil_crisis-0/

I extracted this from the above.....and as CEK are in the Orenburg Region.....you just never know,

'According to Igor Sechin, "Rosneft" will undertake an obligation to implement all investment programs aimed at the development of the industry in the Orenburg region. According to the regional government, 24.4 billion dollars provided by "Rosneft" will be allocated by the authorities to the contracts with "Orenburgneft" and "Buguruslanneft."

In addition, "Rosneft" has promised to maintain social facilities in the territories where it has presence, and participate in cultural and sporting initiatives in the region. In 2013 approximately 10.5 billion rubles was allocated to the budget of Orenburg region from "Rosneft" enterprises as tax payments. Following the acquisition of 100 percent stake in TNK-BP, the number of assets in the Orenburg region has significantly increased.

In the development of new oil fields there are high expectations for the significant potential of the largest shale formations in the world, the Bazhenov Formation located nearly on the entire territory of Western Siberia. The size of its reserves is still unknown,


CEK have now passed two important dates that should have, in my opinion,delivered fatal blows to the company....and still no a peep from the endebted bondholders...interesting......It seems ALL are waiting for Roger Nut....then it'll be boom or bust. (and with one director being awarded half a million options at $0.07CAD just before delisting....my fingers crossed for the former)
Posted at 26/9/2013 20:31 by htrocka2
Caspian Energy Inc. Announces Director Resignation

CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Caspian Energy Inc. (the "Company") (TSX VENTURE:CEK.H) announces that Mr. Adil Mukhamedzhanov has resigned as a director of the Company, effective as of September 25, 2013.(end of rns)

I'm not sure if he jumped or was pushed...but he was ARAL's man on the board...and is No 2 at ARAL...and to be honest not quite sure what to read into this...ie; the day that CEK'S bondholders should have settled a $12.46 debt...and as far as I'm aware..still not paid....which I can only conclude that everyone is waiting Roger Nutts results.. The resignation by an ARAL director suggests that ,possibly, ARAL had made an offer to settle the bondholders debt in exchange for a takeover of CEK. This seems to have backfired and was against CEK's boards concencus....this cost him his seat on the board. If this was the scenario, then it's intriging to know that ARAL are still after CEKs percentage of ARAL........the story continues....(all my opinion of course)
Posted at 27/6/2013 17:37 by htrocka2
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.
Posted at 14/6/2013 22:16 by htrocka2
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
Caspian Energy share price data is direct from the London Stock Exchange

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