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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
|
|
|---|---|---|---|---|
| -0.05 | -1.69% | 2.90 | 11:00:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.95 | 2.90 | 2.95 | 2.90 | 2.95 |
| 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 13/1/2025 12:14 by the new norm Don't think anyone would disagree that CASP should be valued in USD given their assets produce oil which is priced in USDWhat I don't understand is the market cap of CASP was $125m in Oct24 Now it is $80m!!! Nothing has changed except the pound has dropped against the mighty dollar If the market was pricing CASP USD correctly that asset should have appreciated in value by >10% in sterling terms not drop 30% since October Embarrassing how bad the AIM market is at pricing asset value, but I guess there lies the opportunity for savvy investors to exploit ;-) |
Posted at 06/1/2025 13:32 by konil smarty, yes, lots of angles on casp but for now its special divis i'm interested in.i'm hoping that is what ko and cp want, because then it will happen, and they may also strategise asset sales further into 2025/2026. we could end up with £100m distributed as specials over next 2 years - that is 4p/share. with the share price at 3p that sounds ridiculous...much will depend on management's desire and external appetite for casp's assets. |
Posted at 05/1/2025 17:13 by xclusive2 They've stated NO to returning to a dividend structure BUT special Divis are likely, especially if they sell assets. Currently the m/cap is c £68m and the question 'what are our assets worth ?'Hopefully all investors have read the latest Zeus broker report. 10.9p fair current value and 73.6p with upside. No value attributed to B8 or West Shalva yet we are priced in the doldrums at 3p. The current FV estimate is a 260% hike from current share price but nobody is buying it. They have found oil at all deep structures but are yet to flow them commercially. 803 at NY is the latest to flow at 500bopd with further testing due on receipt of licence approval and if commercial, will immediately improve the NAV. It would be a massive boost for investor confidence as suddenly the monkey has lost its foothold. A5 side-track, B8 testing next and there would be considerable hype/expectation that other drilled structures are going to prove commercial.The company have completed reserves estimates for Airshagyl but not for NY structure but have applied for production licences. The reserves estimate was a requirement for NY block but it hasn't be published ? The production licences will incur a cost so are they playing a game with the Kaz authorities hence the stalling of testing at 803 ? They have the extended appraisal licence agreed for up to 12 months so why not crack on ? They have been clever with their approach to licence applications as it enables them to sell them individually if required. They've stated that structures with production licences are like RH droppings so there should be considerable value when sold, that value will be dictated following the testing on NY block and remedial work on Airshagyl but I believe that both assets will be sold in the not to distant future. B8 Akkaduk structure to be tested as soon as licence approved and if successful, they'll keep that asset and hopefully WS structure proves to be successful this quarter. If they generate cash chunks from asset sales, they'll pay special Divis as they've already set up the tax structures to benefit from large windfall payments.As stated, how can the company be valued at 3p when they have so many assets that if sold separately will generate multiples of current share price The PIs dictate the price and currently, many are jaded and fed up with the current situation but it will take very little to break this out with gusto. Good news will strengthen the NAV and bring in new investors looking for the next good thing and it could be Caspian.I remain hopeful of achieving that multi-bagging return, hopefully 2025 is finally the year we start to see the successes we've waited a long time for.Wishing for a happy, healthy and prosperous NY for all Caspers :) |
Posted at 02/1/2025 21:44 by the new norm CASP confirmed on 24 Sep 24 that production from BNG Shallows was 1600 bopd, excluding well 815, prior to SPA being signed with AR26 Sep 24 shareholder approval given to disposal of Shallows 21 Nov 24 well 815 to be tested once acid treatment completed Silence on current oil production for over 3 months, presumably because NDA signed by CASP If Clive is precluded from giving operational updates then why were the shares not suspended on 26 Sep 24? Perfect breeding ground for fear, uncertainty and doubt, who benefits from that environment, you may well ask? X2 just curious but why do you think current production is <1600 bopd and not at the level confirmed by Clive on 24 Sep 24? Buying opportunity for the brave ;-) |
Posted at 02/12/2024 07:55 by xclusive2 https://www.upstream |
Posted at 27/11/2024 11:54 by the new norm X2With everything on pause, with the exception of 815 acid treatment and the cost of moving rigs to B8 and WS, CASP monthly outgoings must be hitting an all time low Recent RNS confirmed daily production at 1600 bopd Still a decent flow rate for our oil trading company to earn extra profit on Positive net monthly cashflow north of $1.5m The longer it takes for AR to complete deal the better for CASP Another 4 months buys time to get the two existing wells flowing again at B8 and with a bit of luck we get first well drilled at WS to flow. Could be sufficient flow to replace the Shallows 1600 bopd at start of Q2 25 This would be a brilliant outcome for CASP with north of $75m cash in the bank account. $1.5m monthly income from oil production and $1m monthly deposit interest income and the historic costs $3.2m pa liability extinguished Whats not to like with that outcome? BNG Deeps and B8 second structure still to play with and CE to hire or sell End of H1 25 can't come soon enough ;-) |
Posted at 09/11/2024 10:04 by the new norm Spangle93 #24319You make a very valid point regarding the West Shalva acquisition Yes it's a 50:50 punt on whether they find oil and are able to commercially produce oil from this asset I agree Clive is stating the optimistic case for WS acquisition when he says he hopes that WS given time will be able to replace the current 1600 bopd oil production from the BNG Shallows I see WS as a good example of the type of asset CASP is looking to acquire The acquisition cost is structured to reflect the risk of it being a dud At the current share price we are getting the chance to explore the asset for $3.9m in CASP paper, plus say another $1m in cash to cover drill costs If as Clive hopes we have a new asset capable of producing 1600bopd and has reserves of 25m+ boo then the WS asset will be worth north of $50m and throwing off annual oil sales of $21m at current local rate of $36 pob This would be an excellent return on acquisition and exploration costs of under $20m If it turns out a dud the loss to CASP will be $5m Same can be said for BNG Deeps, B8 and 3AB...their true value will be unlocked by getting 25yr production licences in place and then flipped to operators who specialise in oil production The sale of the Shallows gives CASP the cash to buy time to get the licenses in place and pay the social payments, once that is delivered you can extract significant upside value from these assets |
Posted at 04/11/2024 10:54 by the new norm Any Corporate Tax experts holding CASP?We have been told by Clive in past Investment Presentations that while they sell their oil production to the local/domestic market the tax hit on profits is much lower than if they were to sell all oil at international prices. FYAAs for CASP are prepared assuming it is a UK Company given its AIM listing status. FYAA23 applies the UK Corp Tax rate 25% on CASP taxable profits A tax bill of $3.7m for YE23 HOWEVER THIS IS ADJUSTED BY A DEDUCTION OF $2.8M TO REFLECT THE REALITY OF OPERATING AND BEING LIABLE TO KAZ TAX ON PROFITS THE REAL TAX PAYABLE IS $900K IN FY23 WE SHOULD BEAR THIS IN MIND WHEN LOOKING AT THE ZEUS PROJECTIONS AS THEY USE THE UK CT 25% RATE WHEN CALCULATING EPS WHICH IS INCORRECT WHILE CASP SELLS OIL PRODUCTION TO THE LOCAL MARKETS WHICH IS LIKELY FOR AS LONG AS WAR IN UKRAINE CONTINUES |
Posted at 30/7/2024 11:35 by konil spayned, 23716, good post.if i've understood it correctly, you suggest the deep failures are a function of the underpowered rigs used to date, also that it is not unusual to start like this as evidenced by experiences of other operators in the area. but with knowlege gained from their drilling to date casp are now set fair to redrill with greater cos. i guess your message is casp are now ready to succeed with deeps and given the necessary cash it will happen. i can buy your message but whether i've interpreted it correctly or not, i agree with your call for patience, imo serious gains are some way off... casp do not have sufficient funds for redrilling. it explains their desire to sell the shallows, even at what seems like firesale prices. i didnt expect cash from shallows sale anytime soon and probably not until late 2024/early 2025, after red tape cleared to enable completion, but now it seems it could be even later than that. meantime we can hope 803 succeeds and provides a quicker boost but the longer the wait the more likely not, based on historical evidence with casp and their tardy comms, which so far has been a sign that things have failed. we could also hope that some of the remedial work on other wells comes good - long mentioned in rns's but with little sign that casp are actually ready to commence any of it - so clutching at straws with this. then there may be progress with some of the kaz red tape on a number of fronts - b8, w.s., 3ab - but then again that may continue with indefinite delays. or maybe 815 will prove successful and in a couple of months provide the short term boost required, similar to 155. for now, we remain stuck on the jam tomorrow train and company making news from deeps seems at least a year away into h2 2025. my crystal ball has never been very good so let's hope its way off track, and that huge gains are 'imminent'... |
Posted at 22/7/2024 11:20 by dipla https://simplywall-s |
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