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
It now looks like it's going to be a very busy first quarter for CASP on the news flow front ;-) |
Thanks X2. Appreciate the posts - and 2025 for Caspian has to be better for delivery and valuation - I'm sure it will be.
Merry Xmas! |
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
The next RNS will be published during first week of 2025
Probably telling us the long stop date for completion of Shallows sale has been extended to 31 March 2025
No bad thing as we will benefit from production cash flow in Q1 25, while WS and B8 hopefully get closer to becoming income producing assets.
Who knows maybe the BNG Deeps licences will be signed off too early in 2025!
Merry Xmas chaps ;-) |
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
Update... 650k lot size @ 3.3p
Update 2....1.25m lot size @ 3.275p
MMs sitting on mucho caspo
Maybe news coming before Xmas? |
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?
They need to find 25% more KZT than if deal had been done in May 24
Not a problem caused by CASP but I could see it being a material issue for AR...get ready for RNS saying AR walked away from deal
The flow rate achieved at 815 may prove to be relevant if CASP end up holding onto the Shallows in 2025 ;-) |
Excellent summary . Thank you. The key seems we need news that some of these are being actually being delivered on and then there must be a tipping point where the good news is factored in and then the market will discount the value of future projects as well. Not sure what that tipping point is . |
The last announcement stated that the shallow deal completion was 'expected' to be imminent. That was almost 4 weeks ago so what timeline do you put on imminence but I suppose the word expected gives them a lot of latitude. Maybe they need a second company name change to ' Great Expectations' ! They've stopped work at BNG and rigs to be diverted to work on other prospects as the drilling suspension at BNG deeps continues whilst we await licence approval. Drilling projectsWest Shalva 'expected' spud in Q1 dependant on acquisition completionBlock 8 Sholkara work overs on 2 existing deeps in Q1Block 8 Akkaduk structure testing when licence approved815 acid treatment now but this won't benefit us if AR deal completesBNG deeps - resumption of testing at 803 and remedial work at Airshagyl wells ie A5/A6OtherCE charter opps for 25 ?Mining acquisitionDivi payment if AR deal completes |
Happy Independence Day2 ;-) |
Happy Independence Day ;-) |
Norm I know your an ally of George and I'd normally (see what I did there) agree with you. But I think he's suffering from Southport syndrome and is on the Cusp of a mental breakdown. |
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