Civitas Social Housing Share Discussion Threads

[wstirrup] 25/10/2008 22:55

I know workovers and old worn out oilfields are not the stuff of legend, but they are (with the right technology) a way to make some reasonable cash.

The Kazakh government playing silly-beggars with contracts already made, and messing about with foreign companies is just not on. But they don't have the political savvy yet that a 1,000years of social evolution has given us (and the yanks, who for the most part were of British extraction) and most of the ex-British countries that have got legal systems that support the idea of property and ownership and rights and responsibilities etc etc.

Pity we didn't see that before jumping in with both feet and investing in these former soviet bloc countries.

But the U.S. will need all the oil it can get in the years to come, and with the right technology CSH (with perhaps name change) will be able to come good.

W.

[grlz] 23/10/2008 16:05

WS - if CSH had any oil it would matter but they don't (excluding the "oil" in the company's name). The field in the Caspian basin has gone and all thats left is a few US permits of questionable worth - it's all taking a turn were management look like their peddling snake oil and charms imho

Looks finished, short of the official announcement.

DYOR

[wstirrup] 22/10/2008 23:02

Relish,

Just read that powerpoint/PDF file and it had some interesting facts.

The biggest mistake though was calculating the revenue from an oil price that is 50% more than where it is today. The OPEC meeting tomorrow should have a psychological effect initially, though we all know that OPEC has difficulty policing itself as countries such as IRAN, IRAQ, and other smaller middle-eastern states over produce and sell onto world markets.

However, the fact that they are trying is probably enough to raise the crude price towards $90bbl+

These formerly uneconomic fields could become relatively profitable based on recent developments, in oil recovery techniques and I read recently of techniqies that can extract upto 50% of the oil that originally lay in the field which hitherto had been unrecoverable (or at least not economically)

Interesting, but still some work to do methinks...

W.

[volsung] 20/10/2008 15:32

With CSH I believe in euthanasia. Put it out of its misery!

[superjane] 20/10/2008 13:24

will this limp on or be in Admin before the year's out?

[cinoib] 16/10/2008 09:59

grlz,well I could'n't have put it better myself.

[grlz] 10/10/2008 16:25

Q: how can this fall on lower oil or threats of slack energy demand - when the only oil this outfit has is the word "oil" in it's name. It has a few rights here and there of dubious worth but it's been kicked off the plot in the Caspian Sea because not even there crooked government wanted to deal with this company's even more crooked management (I use that term loosely) who have run this like a personal piggy bank....... or did I miss something

[wstirrup] 01/10/2008 21:30

Well someone else shares my sentiments...



TIME TO CHERRY-PICK GOLD ASSETS
by Ed Bugos

Investors are sure getting their share of information overload.

In just two months, the economic landscape in America has markedly changed. It will change in the rest of the world, too. And not for the better, despite the pleasantly surprising news that the U.S. House of Representatives actually rejected the $700 billion bailout – the Treasury's latest harebrained idea.

Maybe it demonstrates there is a limit to how much the American people will tolerate, at least from the greedy capitalists on Wall Street. After all, it is not like the plan was defeated because the public has grown tired of government interventions and schemes. It just did not like bailing out the brokers.

Still, the markets had not expected this outcome. And as you saw, there was a lot of momentum behind the bailout news.

That's why the Dow was off some 700 points Monday. When I heard they were going to raise the money for the plan from foreign governments, as opposed to printing it, I started drafting plans for a rally on Wall Street that might produce another pullback in gold.

However, I still thought it was going through. Notwithstanding such unexpected surprises, markets are generally moving in the direction that we expected. In the end, gold shrugged off the reversals in the dollar and oil.

Now, I think that the failure of this bailout increases the probability of a more inflationary solution.

The Fed and Treasury have worked very hard to outwit us gold bugs by doing everything possible to support the boom without resorting to the "helicopter" option, right up to the final draft of the bailout.

But believe me when I tell you I feel little personal joy about that prospect.

Gold bulls gave back very little following the Sept. 17 one-day reversal. Including the following day, the market rallied $145 points from trough to peak on the news of the Lehman Bros. and AIG blunders.

In the days that followed, the market developed a bullish formation that technicians refer to as an ascending triangle – a pattern of higher lows closing in on a horizontal line of resistance highs.

We can't say how the Fed and Treasury are going to react to this. I'm sure it hurt in the right places, and when people get hurt – wherever – their reactions are even less predictable than usual.

From my perch, in a quiet suburb on the outskirts of Vancouver, where Agora Financial hosts an annual investment conference, it looks as if they are out of ideas, or at least their best ones.

The printing press is all they've got (aside from the much-feared laissez-faire option). So sit tight. Gold is the safest asset class to be in right now. In the current environment, producing assets reign supreme.

In fact, I recently wrote of a buy signal in the major gold shares. This may not be what you want to hear if you are loaded up with exploration stocks. However, in the context of a fear-driven gold price advance, in which stock prices are generally in decline, the companies most likely to benefit are those that can translate the gain in gold prices most immediately to their own bottom lines. These include all producers, junior and major alike, although at first, the market will probably prefer the safer large caps.

But as they rise, the pressure will build and spread to the emerging producers and even development assets, if they are close enough to production. Exploration stocks have a life of their own. There are terrific buys in that space today too, but I believe the values in the near production stages offer just as much upside with a little less risk here. The right strategy will outperform gold and the average major gold stock over time. The million-dollar question, therefore, is which juniors offer the best risk-reward?

I've looked through hundreds of companies over the past two months alone.

I've assessed our general strategy and wondered whether to sell some of the stocks in our portfolio.

In fact, the reason this month's issue is late is that I have gone back to the drawing board a few times in the search for the most appropriate investment strategy in this space.

Notwithstanding the shifting macro winds, I think that in light of the significantly improved gold price outlook, it makes sense to hold onto the bulk-tonnage low-grade development assets in our portfolio.

However, the demoralized level of sentiment has opened up a new window of opportunity to cherry-pick those top-quality gold stocks for which we normally must "pay up." These are the "alphas." These are companies that either can generate cash flows internally, by actually mining, or are led by people with deep pockets or credibility... companies with strong balance sheets and diversified portfolios of high-quality assets in politically secure regions... with growth potential whose premium is lost in the current slaughtering.

They are not cheap relative to their peers, but they probably never will be.

They are cheap in the context of the gold price cycle.

And this may be one of the few opportunities we get to accumulate such assets at favorable terms. The market has discounted their growth profiles and prospects for higher gold prices as it has with any others.

Regards,

[wstirrup] 25/9/2008 22:16

I agree the AIM is a gambling Den, but if you take the trouble to do your own research, there are still a few gems out there.

If this US. bank bailout occurs, we could see the OIL price at $200, and the Gold price at $2,000oz within 2years...

Watch this space.

W.

[petej2] 25/9/2008 20:43

Bought and sold this months ago. Made a little. Not a lot. Been getting hammered on the my other small caps in the meantime. Nevermind. Am going for the $10,000 prize in this trading competition. Cash goes to the best trader, not the luckiest.

[fountains] 25/9/2008 20:28

All are fed up with AIM rip off companies. Have a look at the VOG thread, they are taking action against those who have fooled 'investors' into giving away their hard earned money. Perhaps the same can be said for CSH.

[phillis] 25/9/2008 19:49

Remember the good old days when Capsey and Tonester were ramping the hell out of this stock?
Daily updates and projections, overheard conversations in gym club changing rooms, buy now before the big rise etc etc...

And now they are the biggest critics.

Wonder why?

[rookiem] 22/9/2008 00:36

WStirrup (27412 of 27412)

Name change to Kentucky Holdings? - most certainly not of the "finger licking good" variety! Perhaps "Cu*tucky Holdings"?? LOL
Been a long suffering holder since Feb 06 and to be honest I can't see any light at the end of this tunnel. Good luck to all us holders.

[wstirrup] 21/9/2008 22:02

I wonder if MM will consider a name change, given that Kentucky is nowhere near the Caspian Sea?

[domtheone] 19/9/2008 00:11

LOL

Another phony RNS. You couldn't make this sh*t up!

Down again soon. Vastly over valued and not welcome. How long till their thrown out of the states.

Wind it up, chuck MM in jail and throw away the key.

Game set and match.

[geoffcapes] 18/9/2008 15:09

Even if they did, people would reckon it's about 4990 barrels a day in excess of the reality!

[fountains] 18/9/2008 14:35

No to all of the above.

[relishing] 18/9/2008 14:14

fountains,

Has CSH given any details about expected production rates, previous production on the field, reserves? Did they even announce they had holdings in 'Black Gold of Kentucky' in the first place?

[fountains] 18/9/2008 14:05

blimey, everyone really has gone!

[fountains] 18/9/2008 08:02

RNS Number : 7069D
Caspian Holdings plc
18 September 2008




Caspian Holdings Plc

('Caspian' or the 'Company')

18 September 2008



Expands Black Gold Lease Holdings in Irvine Field


Further to the announcement of 8 July 2008, Caspian Holdings (AIM:CSH), the oil and gas development company with assets in the USA and Kazakhstan, has increased its lease holding in the Irvine oil field to over 200 acres with the signing of a new 160 acre Billings lease. In addition the Company has received the key permits to commence oil production and sales from its existing 8 wells in its first lease - Barnett - in the field.


Caspian owns a 50% interest in the Irvine field through its shareholding in Black Gold of Kentucky (Black Gold) which holds the Barnett lease and the Billings lease.


With the permits now issued, following a slight delay and bonds in place, Black Gold expects to commence production and oil shipments from the Barnett lease in October 2008.


Commenting on the postive steps forward in Kentucky, Caspian Chairman Michael Masterman stated ' The combination of a significant increase in our acerage position and issue of the required permits for oil production, is a great step forward. We look forward to maiden oil production from our leases in the Irvine oil field'


-Ends-


Enquiries:


Caspian Holdings Plc


Grant Thornton UK LLP


Hoodless Brennan

Michael Masterman


Fiona Owen


Luke Cairns

T: [phone]


T: [phone]


T: [phone]

www.caspianoil.co.uk