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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Caspian Energy | CEK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 2.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.00 | 2.00 |
| Top Posts |
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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 01/8/2014 15:13 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 27/9/2013 20:33 by htrocka2 hxxp://english.pravdI 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...intere |
Posted at 26/9/2013 21:31 by htrocka2 Caspian Energy Inc. Announces Director ResignationCALGARY, ALBERTA--(Marketwire 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 22/9/2013 09:46 by htrocka2 I'm expecting news of some sort....by this friday....CEK are on the NEX exchange..but still not trading, presumably at the request of the company. We should know how Roger Nut and his 'fracking' concept is progressing.logic dictates that they would not go to all the trouble of re-listing on the NEX Exchange....just to go down the pan...they could have done that on the main board. Presumably, they have a plan...we should know what that plan is by the end of next week. |
Posted at 08/9/2013 07:51 by htrocka2 an interesting couple of weeks for CEK ahead...Caspian Energy (CEK) Com NPV (CDI) .Sell: 2.46p Buy: 12.32p + 4.34p (58.71%) The market is covering and positioning themselves for the move to the NEX Exchange...possibly this thursday/friday...wi |
Posted at 27/6/2013 18:37 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 23:16 by htrocka2 There's plenty of media coverage....take your pickhxxp://www.proactive hxxp://www.marketwir I personaly like this one...it emphasises the importance and priority given to Roger Nutt's Plan. hxxp://www.proactive hxxp://www.oilvoice. 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.proactive |
Posted at 14/6/2013 19:04 by htrocka2 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......expec hxxp://www.stockhous 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 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) -- |
Posted at 11/6/2013 15:44 by beergut Now what?TSX Delisting Review - Caspian Energy Inc. (CEK) Alert Caspian Energy (TSX:CEK) Intraday Stock Chart 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. |
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