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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Caspian Sunrise Plc | CASP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.80 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.80 | 4.80 | 4.80 | 4.80 | 4.80 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 20/02/2023 | Interim | GBP | 0.000444 | 02/03/2023 | 03/03/2023 | 23/03/2023 |
| 12/01/2023 | Interim | GBP | 0.000444 | 19/01/2023 | 20/01/2023 | 16/02/2023 |
| 05/12/2022 | Interim | GBP | 0.000444 | 15/12/2022 | 16/12/2022 | 16/01/2023 |
| 04/11/2022 | Interim | GBP | 0.000444 | 17/11/2022 | 18/11/2022 | 16/12/2022 |
| Top Posts |
|---|
Posted at 26/7/2024 09:52 by togglebrush FWIW Family travelling,Sunday, to an Industrial town, Navoi, Samarkand, Uzbekistan, which about halfway between Almaty CASP HQ and CASP Oilfield, but just south of Kazakhstan border.' Distant family member is working in mineral processing company. Company is busy but times were difficult when I last reported #2226 in June 2023. A story apparently then common in that area. CASP Area is very thinly populated in a desert area which is some 2,000 km to NW. I am not expecting travel, in 38 degrees weather, to view CASP zone when more interesting Cities of Samarkand and Burkara, on the old Silk Road, are nearby but hoping to get a first hand report of changes in work and living conditions |
Posted at 25/7/2024 11:27 by konil a lot of the recent fizz can dissipate quite quckly here. casp are good at doing that.all it needs is current 803 interval to have failed. then what? they drill to the original td. but in the meantime they have no way to replace the production they are selling, so unless they want to go belly up for lack of cash the shallows cash cow sale will have to be aborted. in which case all thoughts of sale proceeds can go out the window. it didnt strike me as a good price anyway, though obviously i'd prefer 803 to succeed even if that means the sale goes ahead. a lot of the other stuff is pie in the sky for now, casp have not covered themselves with operational glory, everything has dragged on for years and can continue to do so. just because cc has written some cosy sentences doesn't mean a thing. am i fed up with casp? why would anyone think that? they could of course produce some positive results...then the game changes. maybe they are doing a 30 day test at 803. now wouldn't that be nice. |
Posted at 22/7/2024 12:20 by dipla https://simplywall-s |
Posted at 22/7/2024 12:18 by dipla https://simplywall.s |
Posted at 18/7/2024 10:11 by togglebrush From Stockopedia FWIW who rank CASP' Energy Highly Speculative Small Cap High Flyer Market Cap £102.04m Enterprise Value £99.25m Revenue £26.63m Position in Market 815th / 1,601 Quality 65 Value 34 Momentum 74 Stock Rank™ 59 out of 100 but no price target available Upcoming Events for CASP ' Tuesday, July 30th 2024 Caspian Sunrise PLC Annual Shareholders Meeting ' Monday, September 23rd 2024 Half Year 2024 Caspian Sunrise PLC Earnings Release |
Posted at 17/7/2024 09:31 by jostrummer AI generated but pretty accuratehxxps://simplywall.s |
Posted at 15/7/2024 23:01 by penrith Thanks NN I did read that and that was what enhanced my view. Experience has taught me to read between the lines on all Casps RNS. In fact one of our biggest problems is the market through experience has little trust in what Casp say. Casp has demonstrated on more than one occasion that they say one thing but mean another.My view is they benefit greatly by taking this private. Hopefully if they do we will be treated fairly but history has shown us that whatever suits the concert party will happen regardless of the effect it will have on us. Ive been here before and was fortunate that the company I was invested in treated its minority shareholders reasonably well but without a doubt we would have made a lot more money if we had not been de-listed.I will not comment further on the subject its just my view and Im sure the majority disagree with me. |
Posted at 27/6/2024 08:37 by bloomberg2 DividendsIn November 2022 we initiated monthly dividend payments at the rate of approximately $1.25 million per month but after only four instalments we were forced to suspend payments for lack of available cash.The immediate cause for the suspension in dividend payments was the operational impact of Russian sanctions, which meant instead of buying the bulk of our international drilling supplies and consumables from Russia on decent credit terms and two week delivery times, we had to order mainly from China with six month lead times and the need to pre-fund all payments.This not only took all our available free cash but also delayed planned workovers, which in turn meant production related income was much lower than we expected at the time we set the dividend policy.The decision to suspend dividend payments was not taken lightly and inevitably had a dramatic impact on the share price. When we suspended the dividend payments we undertook to review the position later in the year and again with these financial statements.Opinion among shareholders who have expressed a view is divided. While some want the dividends to resume others would rather see available cash invested in new projects.Separately, and as a consequence of both the 2022 UK High Court approved capital reduction and the UK Takeover Panel Rule 9 waiver granted in connection with the recent West Shalva acquisition, we now have both distributable reserves and, with the re-constituted concert party now holding more than 50% of the Group's shares, share buy-backs are possible without the need each time for a formal and expensive UK Takeover Panel approved whitewash.In the circumstances therefore, the Board has decided not to resume regular dividend payments but to consider special dividends or share buy backs when funding permits.Board compositionWe are aware the current board composition is not ideal both in terms of the total number of directors and also where relevant the number of independent directors, which gives problems in:· fully populating the various board committees;· when it comes to the consideration of related party transactions; and· more generally as the extent of the Group's operations expands. The main reason we have yet to appoint new non-executive directors is the ongoing up to 75% pay cut taken by all board members, which has been in place since early 2020 and was instigated to help the Group fund its survival and development. These restrictions are expected to be partially eased in the second half of the current financial year as the Group's cash position improves. At that time, we expect to be in a position to strengthen the board and have already identified individuals we believe would add value.Further information relating to the board is set out in the Directors Report and the Remuneration Committee Report in these financial statements.OutlookWe have always been optimistic about the prospects for the Group's assets. The issue though for the past decade at least has been funding and the need to both safeguard existing assets via compliance with the demanding work programme commitments including the need to pay down the assessed historic costs, while at the same time seeking to take advantage of as many of the opportunities available to us as could then be funded.The current BNG work programme commitments are now largely satisfied. Block 8 is expected to start contributing in the near future and significant income is expected from the Caspian Explorer in the coming months. Accordingly, we expect soon to enter a prolonged period where cash receipts far exceed mandated cash payments. In the event we complete the proposed sale of the BNG shallow structures for the proposed $83 million we would have large cash balances to invest or to return to shareholders via special dividends or share buy backs.This, together with an expectation of the true commercial value of our assets emerging for all to see through increased production, further corporate transactions and / or reserve upgrades, plus the other opportunities we have in front of us, leads the Board to be now more confident of the Group's future success than at any time in the past decade. |
Posted at 16/5/2024 12:36 by the new norm quiet day in the office so got some time to speculate on what the future holds for CASP over next 12 monthsfollowing the $83m sale RNS I think we can bin the idea that the family is looking to sell whole Group and exit with bags of cash, I think this proposed sale of BNG shallows also quashes the speculation that the Family is planning to shaft the PIs and take the Group private on the cheap $83m is a good price for the BNG asset but do you really want to lose the production just as you are beginning to create new profit streams from oil trading and drilling? I think the answer lies in Block 8 Subject to block 8 licence renewal and sign off by the authorities CASP will initially have 4 deep wells with 1600 bopd production...specula CASP achieving $35 a barrel in local markets less $5 per barrel royalty payment 1600x$30x365 = $17.5m gross profit Oil trading 1600x$10x365 = $6m gross profit Block 8 production at these levels would replace current BNG shallow production Add in CE profit of $15m and something for drilling services and you get annual gross profit north of $40m pa Sale of BNG shallows brings in $83m less $15m historic costs less $5m block 8 loan less oil trading finance and they will be sitting on $60m cash on balance sheet Ignores any production from BNG/SY deeps and WS and 3ABest All potentially happening in the current financial year ending Dec 2024 Looks good for a penny a share dividend and possibly a special dividend of 1p within next 12 months The Family get $25m+ in dividends and CASP share price hits 20p+ Very scalable business model with lots of potential for dividend growth from increased oil production and future profitable asset sales Market cap quickly increases above KO/CC big bonus hurdles and they get their big pay days too Exciting times ;-) |
Posted at 07/5/2024 11:37 by xclusive2 Back from a nice little break in CA. Can't believe how expensive it is now !! Need our Casper to start delivering the 'shareholder value' they've been promising for 18 years! As has been stated MANY times, there's a lot on the go that could finally improve the NAV considerably and create that shareholder value that is long overdue.23 Financials will be out in June and we're going to see profitability BUT liabilities increasing due to increasing loans. Now is the time to turn that tide and reverse the dilutive process by generating cash. The next few months should see inflows from various sources. Firstly the B8 contract. The licence approval could be imminent and if so, we can expect to see loan repaid and the first revenues from existing production, to be followed by the testing on the 2 new deeps and hopefully some success at long last.Next to the CE. A couple of links below show that Abay well is going to happen and hopefully that means the CE is still the preferred drilling solution. If so there's $10m+ coming our way and probably more as the drilling time allocated is probably too optimistic so I'd be expecting more than the 10m profit. https://emea01.safel |
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