Caspian Energy Share Discussion Threads

[unionhall] 03/3/2008 10:20

Cheers drewz - that will give me some light reading......

[unionhall] 28/2/2008 11:03

This thread is primarily to accumulate data for myself. Pleased to correct any errors/omissions in the header.....

[unionhall] 28/2/2008 10:11

Header last updated : Apr 17, 2008

Capital Structure
Issued Shares 104m
o/s Options 13m
o/s Warrants .6m
Convertable Loans $16m (6.5m shares, $2.45/share, March 2, 2011)

Timing/Next News
Baktygaryn #703 Spudded Mar 20, 28 days to TD 2,500m

Baktygaryn #701 Spud after #703 complete, 15 days to TD 800m

Itisay, West Kozdesay, and Aransay areas - After #701

Potential farm-in to one of CEK blocks - Discussions ongoing

Funding
Cash on Hand - Sept '07 $5.8m
2008 work program US$8.6 million of exploration expenditures
2009 work program - US$10.5 million of exploration expenditures.

Production/Reserves/Assets
50% interest in Aral Petroleum Capital LLP
Kazakstan - North Block (600bopd net Q3 '07)

Well 301 is currently producing 742 BOPD, 8 BWPD, 998 MCFD

Well 213 is currently producing 390 BOPD, 52 BWPD, 545 MCFD

In well 302 a workover is being evaluated

In well 303 a workover is being evaluated
Baktygaryn Area

Pricing
Q3 07 - $38/b revenue
Q3 '07 - $24/b netback after transport and operating costs.

Links




Associated Companies

[robin_of_loxley] 26/2/2008 19:57

you never know drewz....

[drewz] 26/2/2008 19:27

Of course, it is all contingent on the success of the current drilling programme. Any recovery in price in anticpation of drill results will be short-lived if we don't get commercial flow results from one of these first 2 wells.


free stock charts from www.advfn.com

[drewz] 26/2/2008 19:20

On the move now in Canada. Up 13%.

My top up this morning may prove to be fortuitously timed.

[rupe1958] 26/2/2008 15:56

It's encouraging to see some buying here. It takes a bit of nerve, but it's probably the right thing to do.

The weather has been terrible out in Kazakstan this winter. Heavy snow at the moment, I think. So starting the new shallow wells has probably been delayed by a few weeks.

[drewz] 26/2/2008 15:09

Charles Summers, President and COO of Caspian Energy, Inc. commented on 22 January 2008:

"This program offers a variety of targets, the successful drilling of which will add meaningful reserves. Once begun, the program provides for a series of quick to drill wells, which are relatively inexpensive, Therefore, the Company expects to make a series of important announcements over the coming several months."

[drewz] 26/2/2008 15:02

£17m is very cheap here, Robin. Any drill success will give this a substantial lift.

Plus they have been working on remedial solutions to some of the deep well flow difficulties, so we may get an update on that too in the imminent quarterly report.

This stock is completely off radar.

[robin_of_loxley] 26/2/2008 14:59

cheers drewz,

regards,

RoL

[drewz] 26/2/2008 14:58

Topped up again today.

I am hopeful that CEK will be able to double production within 9 months from these shallow drills. Then double it again in the following 6 months.

Yes, they are tight for cash with $18m exploration spend commited for 2008/9, but this current lower risk drill programme could/should transform the company's fortunes.

Plus, there is the on-going farm-in news to complete which caused the intraday spike up to 50p recently, in November.

Lots to play for.

[htrocka] 21/2/2008 20:02

The Caspian area is going through a transition....

[drewz] 21/2/2008 12:18

I'm interested, Union. Awaiting developments with the drillbit.

It's about time this company had some luck in that department.

[unionhall] 21/2/2008 11:54

Why no interest in the recently announced drilling programme ?

[htrocka] 22/1/2008 04:26

even with the global slide.....these are getting support at .32 $CAD

[stuart14] 21/1/2008 15:14

Looks like its broken through the recent support. The wider market is killing everything today, but there could be a good op here.

[htrocka] 15/1/2008 20:45

the `stuff` is there...

[htrocka] 14/1/2008 21:13

could be the end of a `double bottom` cycle?

[stuart14] 14/1/2008 20:26

This has historically been a good price to get into CEK at.

[htrocka] 14/1/2008 20:17

I came back to this site as it has the live TSX graph.......somethings up... a 14% climb as I write.....probably the farm news has `leaked`..

[cleo1601] 24/12/2007 00:29

htrocka
Logged in after many days of being too busy and really appreciate your above posts - maybe we won't continue to be "the forgotten" for too much longer? All the best.

And merry Christmas plus happy New Year to all.

[htrocka] 23/12/2007 10:30

probably an important contributing factor why the `farm-in` is taking time to put together...