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Recent discussions among investors on ADVFN for Caspian Sunrise Plc (CASP) highlight a mix of cautious optimism and frustration regarding the company's ongoing challenges. Significant developments include ongoing bureaucratic delays in Kazakhstan, which are impacting the pace of operations and updates. Investors noted that despite the slow progress, approvals for projects, such as the West Shalva drilling plan, are forthcoming, albeit at a glacial speed. Comments like "Painfully slow progress as a result of Kazakh bureaucracy" encapsulate the sentiment that while potential exists, execution remains a hurdle.
Financially, the stock has been subject to wide spreads, which has deterred new investors from entering. The closing quotes around 3.05 to 3.47 reflect this spread, and investor sentiment suggests a wait-and-see approach until the next updates are expected in early March. "Today's update confirms what we have been saying for a while" speaks to a prevailing belief that the structural issues within the company and its operational environment may overshadow any good news stemming from project progresses. Overall, investors appear hopeful for a turnaround, contingent on overcoming existing bureaucratic and regulatory obstacles.
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Caspian Sunrise Plc has received final approval to commence operations in the West Shalva contract area, marking a significant step forward for the company. This approval allows Caspian to advance its development plans in the region, which are vital for enhancing its production capabilities. The company has been actively working on the acquisition of CS Energy LLP, the Kazakh entity holding the relevant licence, indicating a proactive approach to expanding its operational footprint.
In an update following previous announcements, Caspian Sunrise is moving forward with its strategy to improve resource extraction and enhance productivity in the West Shalva area. This development is expected to contribute positively to the company's overall financial performance as it aligns with its future growth objectives in the Kazakh oil sector. The anticipated operations in West Shalva align with the company’s efforts to strengthen its production metrics and financial position in the competitive energy market.
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Maybe Jimmy and it's another extension. Et al,Another important point as NN mentioned, Tenge has devalued 15% since deal was pitched in April, that benefits Casper as the deal has been agreed in US $ and paid in Tenge so that has gone in our favour. Obviously got to look at inflation that's running at 8% but it's a result for Casper if deal completes.Happy New Year, hopefully it's going to finally be a prosperous 25 for all invested :) |
Surely they would have pulled out when the price was raised the 5 million if they thought the deal wasn't good enough for them.Hopefully it's just delayed to iron out the finer details.A peaceful healthy and happy new year to all of yous |
We'll know soon enough. Only kiss for AR would be the $2m paid for exclusivity plus the interest on the $14m received. Wouldn't be a disaster if AR pulled out. |
I don't think AR are going to want to just let go of the significant monies already committed (and non-returnable). Therefore more likely to go ahead (albeit delayed) than not. |
If the deal does fall out of bed, I believe it'll be Caspian end ie production not as positioned as per SPA conditions. I'd have thought that if there was going to be a renegotiation, AR wouldn't have signed SPA. Not long to find out but even if it fails, H1 25 should be defining . How many times has that been said !! |
Spot on X2 |
AR deal position ? Deadline tomorrow so is it deal, no deal or delay ? Our CC suggested that completion was imminent but as we know, he likes to use that word 'expected' and that always gives him plenty of timing latitude ! I'd have thought it would've happened by now so maybe an extension or renegotiation on the cards ? Have AR been able to raise the $54m ? All will be revealed shortly but even if it flops, which wouldn't be a surprise flowing previous failures on the BOCI deal and the CE sale, the company would still be in a good position as they're we'll retain the shallows, keep the deal deposit and interest payments and crack on.News tomorrow or do we wait to the NY ? If it's poor news I suspect they'll dump it tomorrow. |
Hope you are all making the most of the Boxing Day sales ;-) |
merry xmas to all - hoping for a more prosperous new year for all caspian holders. |
Have a great Christmas guys and hopefully a very prosperous new year to all in 2025 |
Thanks X2. Appreciate the posts - and 2025 for Caspian has to be better for delivery and valuation - I'm sure it will be. |
Happy Xmas to all investors. A miserable year but here's to 2025 !! |
2x Enviro permits for BNG issued and cover period ending 31st Dec 2025, so business as usual for the BNG blocks ;-) |
WS and B8 ? |
So without the AR deal approval and the licence issues what is there they can announce ? Cash from CE? |
P |
Been in here for years and the first day without a ramp. Lol.Probably a RNS tomorrow that doubles the share price ? |
Interesting price point want 3.24p for >524k lot size, then cliff edge down to 3.143p |
O/topicTesla and Bitcoin ! The biggest bubble will burst in the not too distant future. Tesla m/cap @ 1.6 trillion and a PE of 103 !!! Crazy times |
They've always obtained licence renewals so I believe that they'll obtain them. The BNG production licences will come at a cost but I believe they've been very clever by splitting the licences up to enable individual block sales that could generate more revenue. I don't believe they sell B8 if successful and that with WS will hopefully replace the MJF/SY shallow production and some. Still all to play for. |
I wonder if the license issue is more important than the AR deal. The AR might keep rolling if the currency move is an obstacle. The licence impacts the value of the related assets. So if it so important getting it should in itself lead to a significant share price move up |
Yep Maxim, where's that tipping point ? The AR deal would be a good start followed by the licence approvals on BNG blocks and Block 8. Obtaining the approvals strengthens the NAV regardless of any further drilling. CC has stated that there was appetite for blocks WITH production licence approvals. As we know, the big value comes from converting a deep or two but we're still hugely undervalued providing they gain licence approvals. As always, patience required and hoping that H1 25 is finally rewarding for all invested . |
Lots of winners...lol |
NN,It's a very valid point re KZT v S . Casper are getting paid in KZT equivalent to $88m and the KZT has depreciated c 18% since deal announcement in May. Casper are the winner in this transaction as a lot of their costs are in KZT whereas their income is in $. Inflation reduced greatly from 22% in 2022 to 8% today so Caspian are definitely winning if the deal completes. AR will be winning too going forward as all their revenue will be generated in $ and if they can exploit the shallow resources then they're onto a winner. We'll know soon enough. |
I wonder if AR are borrowing in KZT to complete shallows purchase? |
Type | Ordinary Share |
Share ISIN | GB00B1W0VW36 |
Sector | Oil And Gas Field Expl Svcs |
Bid Price | 3.00 |
Offer Price | 3.50 |
Open | 3.20 |
Shares Traded | 1,652,609 |
Last Trade | 09:33:53 |
Low - High | 3.20 - 3.375 |
Turnover | 36.65M |
Profit | 10.59M |
EPS - Basic | 0.0047 |
PE Ratio | 6.91 |
Market Cap | 71.03M |
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