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CASP Caspian Sunrise Plc

3.55
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Caspian Sunrise Plc LSE:CASP London Ordinary Share GB00B1W0VW36 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.55 3.40 3.70 3.55 3.55 3.55 252,703 07:38:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 42.95M 9.76M 0.0043 8.26 79.89M
Caspian Sunrise Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker CASP. The last closing price for Caspian Sunrise was 3.55p. Over the last year, Caspian Sunrise shares have traded in a share price range of 2.25p to 6.55p.

Caspian Sunrise currently has 2,250,501,560 shares in issue. The market capitalisation of Caspian Sunrise is £79.89 million. Caspian Sunrise has a price to earnings ratio (PE ratio) of 8.26.

Caspian Sunrise Share Discussion Threads

Showing 31301 to 31322 of 31325 messages
Chat Pages: 1253  1252  1251  1250  1249  1248  1247  1246  1245  1244  1243  1242  Older
DateSubjectAuthorDiscuss
17/5/2024
11:32
https://www.offshore-technology.com/news/kashagan-field-dispute-nears-resolution/This isn't the latest update but the Kazakhs are definitely putting the pressure on the big boys re meeting their drilling and production commitments. All in the pot but hopefully doesn't delay the Abay well.
xclusive2
17/5/2024
11:20
Latest update from Casper

‘Offshore
Preparations for the Caspian Explorer's ENI drilling contract scheduled to commence in Q3 2024 remain on track. Significant pre-contract expenditure has been incurred with the bulk of the associated revenues due in the current financial year.

The unique nature of the Caspian Explorer has also resulted in our inclusion in a number of ongoing discussions to participate in new much larger scale offshore drilling projects.’

Q3 so take your pick, July/Aug/Sep. I suspect it’ll be July as the drilling season will get impacted by ice freezing come November. You’re 100% right to question whether it will happen this year especially as ENI agreement was in 2019, 5 years on and still no well. All eyes are on the web looking for the next update ;)

xclusive2
17/5/2024
09:49
Caspian Explorer 7th March 2023The charterThe well is scheduled to be drilled in the summer of 2024 and is to be drilled to a planned depth of 2,500 meters. It will be drilled for the Isatay Operating Company LLP ("IOC"),a Kazakh registered explorer, in which Italy's ENI is a leading participant. The work is expected to take at least two months.June July and August is basically Summer.My question is do we think this charter will commence in June or has it vanished into thin air. Presumably an RNS should be released in May if the contract has been cancelled. Any views?
penrith
16/5/2024
14:52
TimberW,Well done on your latest share purchases . Much that INC scares me due to liquidity, great little rise as with your other pick, well done :)
xclusive2
16/5/2024
14:49
TTA.Sadly, Max hurt many and down to their mid-management of the Kazakh relationship. Do much opportunity but another one to the graveyard. Roxi was the runt, let's hope it proved to be the top dog :)
xclusive2
16/5/2024
13:17
NN, Good post. We do agree that this is a scalable business and upside is coming our way. The current board excluding Aibek are in their early 60s and pointless having a load of value tied up and there has to be a payday in it for them. BTW, the Block 8 loan is to be repaid to Casper. Debt will be at zero for the first time in a very long time and the H2 will be a cash generative period for the company. Dividends ? don't believe they introduce the qtrly structure, probably opt for special payments but who knows, depends on how much cash they generate. It's primed for lift off and not too long to wait.
xclusive2
16/5/2024
12:38
LOL sorry X bit of overlap of thoughts - great minds think alike!
the new norm
16/5/2024
12:36
quiet day in the office so got some time to speculate on what the future holds for CASP over next 12 months

following 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...speculation on my part...we have been told that the existing 2 deeps have produced up to 800 bopd but are currently only producing 110 bopd because of licence renewal requirements. I am assuming that the recently drilled and soon to be tested wells(2 wells) also produce at 400 bopd per well

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 ;-)

the new norm
16/5/2024
12:07
https://wp-caspiansunrise-2020.s3.eu-west-2.amazonaws.com/media/2017/03/2007-Interim-Results-2007.09.07.pdfhttps://www.caspiansunrise.com/wp-content/uploads/2017/02/Roxi-Petroleum-Admission-Document-Notice-of-General-Meeting-dated-31.01.08.pdfA long time ago now and i often look back to see what drove my initial investment into Roxi and Max Petroleum !IPO @ 38p before swiftly moving to 75p !! and then the crash to 2p the following year. Spent next 5 years surviving post the global financial crisis . Sp propelled to 25p on announcement of A5 discovery in 2014. So much has happened in Roxi/Caspian history and I'm amazed it's still here and not in the penny graveyard amongst hundreds of failures. They survived legal battles, Covid, Kazakh riots and are still trading.I believe it's in a far stronger position now than at anytime in the last 18 years, those invested for aons will understand this. They have amassed a large asset base but as of today, they have not created the shareholder value from the acreage. Yes, Galaz sale was a coup, MJF/SY have served their purpose but the deeps, the most lucrative assets in the portfolio, success has allude them to date. Why is it in a far stronger position when the share price is still on its arze ? They have spent over $200m since inception on drilling activities and they have drilled 7 deeps, 4 of which have flowed and 2 at B8 which are awaiting testing and 2 more being drilled. They've spent the money and as of today, they have nothing to show for their endeavours on the deep campaign but they have all flowed. They are drilling 803 as we speak following 802 flowing at 700-900bopd before blockage. They are flow testing A5 again and will probably partner to complete the 802 remedial work. Even if they're unsuccessful in delivering sustained commercial flow rates, the deep average will still carry significant value if they chose to sell it, regardless of booked reserves. They also have the production to come from B8 existing deep and the 2 wells drilled to be tested. They have WS which is an unknown quantity and the CE which is only on the BS for c $3m where its real worth is probably x20. I believe that Caspian are about to create real value from their asset base in the near term. The shallows deal at $83m is higher than carry value on the books, there is zippo priced in our share price for all other the assets. The outcomes of 803 and A5 are critical to multiplying the asset value at BNG and we're going to see the outcomes of those wells and Block 8 in the very near future. They're also going to stick some holes in WS and they're going to provably achieve $10m + a year from barge activities if the Abay contract is a guide. They have the oil services business which gas real value especially if they can farm into future projects, the CE may give them that opportunity too.The sum of our asset base is worth more than our current m/cap and that's without the cash from MJF. Nobody is buying it currently but we're going to see considerable change over next few weeks, months and if it's the right news, Casper may eventually fulfil its promise .
xclusive2
16/5/2024
11:50
I wonder how old the image is? They could be flaring now ?
maxim1999
16/5/2024
07:49
Would be nice to see some flaring ;-
xclusive2
15/5/2024
14:10
Maxim,I believe we all do ! To sell it, they obviously knew that mature field development was not their bag and best left to a a larger probably more competent entity to do a proper job and make a killing ! I am probably the most relaxed I've been for some time re the stability and likely upside. They're not going to prove up the billion barrels we all want to see, they're going to book x reserves and probably sell it to a larger player who has the resources and funds to do the FDP. Still plenty of upside here and still see this getting back into the 20p+ range. Maybe I've got it wrong and if they pull off A5 and 802 then maybe they continue ? I don't think so.
xclusive2
15/5/2024
13:02
If CASP claim to be an oil producer it seems a gamble in their recent deals to buy non producing assets and sell producing assets. I like everyone else hope it's because a deep as soon to flow
maxim1999
15/5/2024
11:58
And not one post on LSE ! Must be worn out after yesterday .
xclusive2
15/5/2024
10:06
BSG,Deal not done yet. They obviously believe that Di 's strategy not working after 141/142 failure. I asked the question why and it's to do with re-entering previously drilled wells and not being able to manage the water ingress issues. Needs a skilled player and somebody better funded to exploit the reserves. There could be 15mboe recoverable and if so, that's a steal for Absolute but unfortunately Casper cant deliver the goods. At least they're acknowledging the fact and deploying their skills at WS but no guarantees there either but not long to find out. They also have liabilities that were building ie Oil trader debt , the BNG $15m but both those will be cleared if deal done and they have the additional $5m from B8 loan to be repaid when licence approved in addition to the current prod albeit only 100bopd until new wells tested. Add in CE cash if that lands and Caspian will be debt free and over $75m in the bank. In addition, they have all the other assets in the portfolio ie A block, NY, B8, WS and the CE. Very little is priced in for any of these assets but the next couple of months is going to be defining for the Caspian faithful, good, bad or indifferent.
xclusive2
15/5/2024
09:45
Just seems a big risk selling the shallows before deeps flowing.
bsg
15/5/2024
09:39
The bid is weak ie NT and the ask is string ie can buy 700 do next move is down again but all irrelevant unless you're actively trading it.
xclusive2
15/5/2024
09:29
It is odd that there isn't considerable volume today. Bid was weak last night as the buying dried up after the morning trade. We had a seller in the market pre the shallow sale announcement and the headline e number was not as high as many were hoping for. That said, it's a chunk of cash and they feel that operating a maturing field is not their forte, deep drilling isn't to date either but maybe that changes soon with the current wells ie 803/B8 and A5. If there's success at A5 for example, this gets very silly indeed.It's a good find by Adrianz re A5 flow test. I still find that odd that they haven't announced it as it's material yet nobody is buying the fact that it's actually happening, they've obviously milled out the stuck pipe and cleared blockage as why test ? History has shown us that there are always problems so maybe investors are sitting tight until other news hits eg CE cash or B8 licence ?There is so much on the go currently that should trigger another bullish run and I do find it very odd that investors aren't buying it. If A5 and 802 flow, then the share price will go mad.They say they don't have the skills to manage a maturing shallow field, the deeps are obviously more difficult so that's probably not their bag either, especially as there'll be huge infrastructure costs if they take it into production. The likely out one is BNG sale in entirety, if so, the value depends on the reserves assessment and if any of the NY or A blocks well flow, GCline will be in to prepare a long overdue CPR.If that were truly the plan, then maybe B8 will be in the mix too as that could be linked to the BNG structure running all the way to the elephants in the west !!Huge upside from here and at some point the penny drops but as always, they need deep success which to date has alluded them and that's why many are probably holding tight, waiting for some more positive news and buying pre the herd entrance :)
xclusive2
15/5/2024
09:27
Seems, selling off their only stream of income isn't a popular move.
bsg
15/5/2024
08:57
Tight spread and £20k allowance utilisation.
xclusive2
15/5/2024
08:30
Do can you tell that?
dipla
15/5/2024
08:30
Strange time to be executing a BednIsa trade ?
xclusive2
Chat Pages: 1253  1252  1251  1250  1249  1248  1247  1246  1245  1244  1243  1242  Older

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