Caspian Sunrise Share Discussion Threads

[the new norm] 26/7/2024 17:13

I recall the cash incentive agreement precludes KO/CC from being granted anymore new share options while they are party to CIS

maybe they will just pretend and extend the existing KO/CC 20P options for a further year

Just a coincidence a 3m share trade drops in today ;-)

[xclusive2] 26/7/2024 16:58

K,If they wanted to do that, they'd be doing it at 1p after releasing loads of duff news. Fingers x'd for humdinger not bumstinger !!

[konil] 26/7/2024 16:39

maybe 'they' are sucking up as many pi shares as possible, as weak hands let go during this extended period of no news.

might explain why its possible to sell millions when usually not possible. conspiracy theory of course, but who knows.

[xclusive2] 26/7/2024 15:47

At exercise price of 20p ......lol

[xclusive2] 26/7/2024 15:42

Clive's and Kuat's

[xclusive2] 26/7/2024 14:52

Save me checking NN, whose are they ?

[the new norm] 26/7/2024 14:33

Has anyone else joined the dots between 3m shares and options that expire in 26 days time?

;-)

[xclusive2] 26/7/2024 11:36

It's a funny ole market but hey, let's see whether there's enthusiasm this afternoon or a little sell off. Off out for a relaxing Friday afternoon, hopefully with a cold glass or 3 .

[penrith] 26/7/2024 11:22

Wow fascinating Togglebrush. Please keep us informed. Enjoy your travels.

[jostrummer] 26/7/2024 10:21

yes makes sense - can now sell 600@4.7p

[the new norm] 26/7/2024 09:58

Ties in with the MMs searching online for 3m @ 4.542p in one lump earlier this week, maybe coincidence maybe connected, you choose ;-)

#casp

[togglebrush] 26/7/2024 09:52

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

[bsg] 26/7/2024 09:48

Hasn't changed the price, yet!

[jostrummer] 26/7/2024 09:44

mid price, who knows!

[xclusive2] 26/7/2024 09:36

3m ? that's a whopper, any ideas anyone ?

[xclusive2] 26/7/2024 09:24

Let's hope that they are testing and Mr and Mrs Credock-Gritster know more than the rest of us ;)The cold hard facts, if this unexpected 803 horizon doesn't flow, they drill on to TD but the share price will retrace, maybe 20% on initial news, dependant on whether it's wrapped up with any new positive news or not. What next ? the share price bounces after initial dump, probably from the leveraged plays exit. Huge opportunity for those that are looking to buy in, average down etc. it'll be more rinse and repeat and the only way they break the cycle is to release NAV building news ie success at 803. If that happens, this gaps up dependant on commercial value but that can't be assessed until more appraisal work done. Any rise will be fuelled by other imminent news flow and a hectic H2 operational schedule. The reserves estimated will be hyped, it'll be billions of barrels, all the other assets will then carry value as blue sky valuations kick in, more acquisitions a la mining opportunity etc. In summary, it only takes one deep drilling success to really kick this off but I suppose that's always been the case. The difference today is that that the business is more mature, more diverse and we are now seeing the monetisation of done of the assets ie MJF/CE etc. A new cash generative phase that eradicates debt and enables them to focus on delivering value from the existing asset base whilst adding other opps. A drilling success like 803 sets this off and as stated, current downside 20%, upside ? considerably more :)

[jostrummer] 25/7/2024 21:15

Been a very quick month. But yes you are right. Interesting

[jayrh] 25/7/2024 19:42

30 days tomorrow if you count the 27th of jun

[the new norm] 25/7/2024 18:29

Think Smarty just hit the nail on the head over on the LSE BB regarding why we have radio silence on 803

Given all the previous deep flow test disappointments and premature flow test RNSs it makes sense for HQ to be ultra cautious on what and when they announce anything for 803. What they tell us needs to be nailed on 100% so looks like the are going for as a minimum a 30 day test.

Happy to wait and hoping to receive a nice surprise when fully baked ;-)

[xclusive2] 25/7/2024 13:51

Marginally more sells than buys yet we're up. MMS moving the bid up to 4.74p to encourage trade

[bsg] 25/7/2024 13:23

Will there be a bit of buying into the w/e for news on Monday?

[bloomberg2] 25/7/2024 13:15

Blue on the screen boys

[konil] 25/7/2024 13:02

smarty, there are many possible scenarios and they do have a lot of possible company making opportunites, so with you on that. what they could do is improve their comms but that doesnt seem likely, so in the meantime holders and market are left to guess at what's going on, and those guesses are based on casp's operational record.

the multibag opportunity is why we're all here and it could happen. as usual we wait and hope.

[the new norm] 25/7/2024 12:09

Assuming the worst for 803 I'd hope that imminent B8 licence renewal would shake some fizz back into the bottle as we have two deep wells to test there offering in the region of 1000 bopd combined flow rate, plus the other two existing wells which have produced 800 bopd before suspension ;-)

[xclusive2] 25/7/2024 12:09

P,That could be the position and hence the delay. The post salt zone may have failed and they're drilling on and will drop poor news in with a positive development OR they're successful and ensuring they have continuous flow for a considerable period to avoid more humble pie sessions. You have to be prepared for poor drilling news with Caspian but at least this time, they continue to drill on dnd we don't have to wait long for next update of which there should be several. If it's poor news, we go back and retest 3.8p region and it will bounce as material news due on shallow sale hopefully B8 amend the ongoing 803 to TD. Konil,If they do sell shallows, they will continue to benefit from oil production til cash hits their account, they'll probably be doing the oil trading too. What will they replace it with ? They're confident in 2k from production from B8/WS. How can they say that when they don't know or maybe they do. Worst case they don't sell shallows and benefit from 2300 bopd with B8/WS to follow and who knows, maybe 803.Downside 20% but not for long, upside ? could be bags. The odds are in the bulls favour but some who have sold and trading to average down, they have a chance to obtain 20% more stock but a big risk. Pays your money and takes your chance .