Caspian Sunrise Share Discussion Threads

[timberwolf3] 21/9/2021 15:14

Bought a fairly large chunk this afternoon, but as per norm mm's haven't printed it yet.

This is surely one of those inflection points that can't be ignored.

[togglebrush] 21/9/2021 10:11

FWIW__Amazed to see this report on CASP being such a small company by this source


'
Feeder article to the above
'

[xclusive2] 21/9/2021 09:51

John,The market hasn't picked up on this yet and I actually can't believe it. Will have sellers on the way back north but money to be made from this level.Market not cottoned on to the possible charter and A8. 153 wasn't a sidetrack and miscommunication from Carver again. Using the high powered rig to drill vertically and then side track a la 154. Very likely to be positive and hopefully no shenanigans on SY licence which is dragging.Drilling to the Devonian on A8 followed by 802. A8 oil shows ! in a structure not expecting oil. Certainly no guarantees but maybe our Mr Shin can make the difference and they've not reached Devonian yet. Simple advice, buy more !!

[johnswan193] 21/9/2021 09:09

Really wasn't sure what to expect from an share price perspective but I guess neutral is acceptable. Not a lot of success stories in there, but plenty of optimism and at least they are active with drilling. Looking forward to the outcome of A8.

[maxim1999] 21/9/2021 09:00

Surely they are better not focussing in the deeps until the shallows are fully exploited as they can't seem to get one to flow. The figures confound , they promise a strong future but the share does not seem to respond .

[hashertu] 21/9/2021 08:57

Previous posts.
We're still here and trading profitably.
It feels like I can see the tunnel.
Then the light?

[xclusive2] 21/9/2021 08:48

We are in advanced discussions with a leading international oil company regarding the Caspian Explorer being chartered to drill a new offshore well in 2022.

[xclusive2] 21/9/2021 08:47

2 potential VERY material developments -;At Deep Well A8 we will continue drilling towards the original planned Total Depth of 5,300 meters. Once completed we will return to examine the new potential intervals identified between 4,500 and 4,840 meters.

[jamesey3] 21/9/2021 08:47

Interims.....Go Interims Go Go Go Away......

[jamesey3] 21/9/2021 07:38

Good Interiems HallowThe turning point...

[jostrummer] 21/9/2021 07:11

Good stuff

First profit
Boat face second contract
Mjf 200m to go to - all perforation
More oil encounters on the way to Devon a8
The Dutch looking at a5 acid
3ab farm out?
Dividends mentioned again
Lots of optomism Mr shin.

[togglebrush] 21/9/2021 07:04

Interims highlights
'
-- Revenue doubles
-- Gross profit triples
-- Mix of export / domestic sales for the period 66% : 34% (2020; 58% : 42%%)
-- Cash at the period end $0.3 million
'
Subsequently

-- International oil prices remain strong
-- Domestic oil price recovers from approx $6 per barrel to approxi $20 per barrel
-- Proposed $6.2 million debt conversion subject to reg & indep shareholder approval.
'
-- First horizontal well initial 629 bopd max rate of 730 bopd current rate 600 bopd
-- Current production 1,689 bopd
-- Negotiations for a second charter for the Caspian Explorer at an advanced stage
'
confirm the appointment of Seekwoo Shin as Chief Operating Officer

[hallow] 20/9/2021 12:35

Jamesey3

Why has Clive Carver never told us anything at all jamesey3, we need to know. .

[xclusive2] 19/9/2021 12:14

A very difficult question re the Oraziman clan share price average but it's well north of current share price Each penny increase = £10m to the Oraziman family, not small beer. Is there a share consolidation coming ? Will they be looking to dilute their holding by attracting larger investors and to actually follow through with a dividend structure ? Personally, I like the low share price as the effect of really good news will deliver more upside. Get the share price back to double figures before looking at any consolidation please. As posted, the lates A8 commentary from Carver was bizarre. Clearing dust and checking oil flows before drilling to Devonian. Highly unlikely but why checking oil flows when there aren't any ? Have they sidetracked or not ? All will be revealed shortly but positive news this week please followed by interims W/c 27/9 .

[togglebrush] 17/9/2021 09:11

KO's biggest deal was probably at the merger

Kuat Oraziman at the Baverstock merger, 12th May 2017, was where he added to his existing stock, of about c 187 million, the conversion shares which were valued at 9.5 p each, to give 763.7 million or 45% of the companies stock.

[the new norm] 17/9/2021 09:08

Of course the December 2021 2.4m option @ 4p is absolute chicken feed to Clive if he manages to get share price back to above 17.23p

those cash based incentives are eye watering and of course KO gets the same cash payout as each of the set share price targets are hit

dreams of a Casper 10 bagger to 30p gets CC and KO a cumulative cash incentive payment of £12,000,000 each under the existing Incentive Scheme

Clive is fully motivated to get the good news flowing and the share price heading north!

[xclusive2] 16/9/2021 19:22

Good point NN. I'm so used to disappointment from our Casper, you can never get optimistic but maybe this is the really the start of the return to good times. I harp on about the KO share swap but why do it if there was a risk of failure ? I don't believe so.

[roy1982] 16/9/2021 18:55

I AM AS FULL as I want to be so bring on the good news

[the new norm] 16/9/2021 17:35

yes X2 its impossible to know for sure what KOs average is but I agree its probably multiples of current share price

on the subject of share options I see our mate CC has 2,400,000 at 4p which expire on 14th December 2021

if I was CC I know what sort of RNS I'd be signing off on between now and 14/12/21 LOL

keep your eyes on the pies Clive!!!

[xclusive2] 16/9/2021 17:05

NN,

Shares for debt swap. CC didn't have to issue the 154 good news and KO could've swapped @ 2p or less. He's done the same on 3AB, his son's interest in the CE etc. The strike price will be the price at the time of announcement subject too the usual regulatory bits. He will get his shares @ 3.2p, he and the concert party account for 80%+ so no issue there regardless of share price

Oraziman average share price ? Good luck with that as you'll be spending ages working out when he got his options, share for asset deals etc. Much that he's been in from the beginning with the ADA connections, there's been the Baverstock piece and numerous transactions but i'd say his average is well above the current sp, maybe multiples of and he needs a result.

As stated, i believe the swap was the signal for the next stage of the journey. If 153 added to 154 and SY released, Casper could easily support interest payments or repayment of his loan so a swap seems the sensible play. He's loaded the CASP shell with assets and it's ready to kick off. In addition to the capital return, he has bonus schemes linked to share price and m/cap and he's definitely all in on this play.

[the new norm] 16/9/2021 16:44

A recent RNS advised that the KO family had agreed to convert their $6.2m debt into CASP shares at a 3.2p SP

As far as I can see this is subject to independent shareholder approval and the usual reg sign offs

If for whatever reason the share price spikes up on 153 good news or something else I presume the 3.2p share price would still be the offer from the KO family to convert their debt?

Given the KO family influence over CASP why would they want CC to issue good news before they get this debt conversion signed off

Anyone like to guess what the KO Family's average CASP share price is ignoring the debt conversion shares?

[johnswan193] 16/9/2021 16:05

Jostrummer - yes.

Smarty I have DM'd you.

[xclusive2] 16/9/2021 16:00

John,

That's interesting, max i could get a quote on was 200k. Do you mind stating which broker that was.

MXP, you know you're not allowed to blaspheme on here, you'll be mentioning AST next !!

Not saying they can't mess it up John but the 154 result has possibly changed the game and we'll know soon enough whether flow maintained and then replication on all future wells and the SY shallow structure. If they can deliver good production volume on the shallows as per the ill fated 2017 IP suggested, then you're going to have a handsome return without any deep success. Everything else is a free punt and there's a chance that at least one of them come off and they're all hugely material. After 14 years, we're due some luck.

[jostrummer] 16/9/2021 15:48

you do know that this is RXP in a new name?

[johnswan193] 16/9/2021 15:45

Online Smarty.

My thinking is that having lost on MXP and RXP in the past and seeing shares at sub-3p I couldn't help but be a sucker for more punishment, though it's really just a small amount for a speculative interest.