Caspian Sunrise Share Discussion Threads

[bluemango] 31/7/2023 09:05

#22331

'constant lies in rns's doesn't sit well with me'

To the contrary, pressure from shareholders has encouraged far greater levels of transparency from the BOD than we've seen for a long time. Much overdue, but welcome. Shareholders deserve being kept up to date on operational matters and the company are at last making an effort to do so.

[bluemango] 31/7/2023 08:55

Broker note out from WH Ireland on today's update, citing the extensive work programme over the remainder of the year, the expected production levels significantly in excess of the current figure by the year end, and the positive impact of expected higher oil prices over rest of 2023.

Nothing in today's RNS was particularly a surprise for anyone who's been following things here, so the immediate market reaction seems overdone.

[onsideman] 31/7/2023 08:50

credock 31 Jul '23 - 08:05 - 22330 of 22331

Gutted i didn,t sell at 8.3p on March 2nd. Back to the 2ps im afraid.



You were too busy ramping it at the time

[jayrh] 31/7/2023 08:37

This is turning into a nightmare constant lies in rns's doesn't sit well with me. Gla

[credock] 31/7/2023 08:05

Gutted i didn,t sell at 8.3p on March 2nd. Back to the 2ps im afraid.

[penrith] 31/7/2023 07:15

Let's have some sensible debate. That's probably the worst RNS we could have expected.

[pvi1] 31/7/2023 07:09

Same old CASP

[togglebrush] 31/7/2023 07:08

NEW RNS Pre General Meeting published. Extracts


MJF Shallow wells

Wells 141, 142 and 145 are currently not contributing to the current
production of approximately 1,700 bopd. Work at all three wells has been
scheduled for later in the year to bring each of the wells back into
production.

Deep Well 802

The plan at Deep Well 802 is to clear the drilling fluids blocking the well
using coil tubing equipment and then to complete the well ready for testing.

The coil tubing work programme is underway and is planned to complete by end
September 2023.

BNG work programme for the remainder of the year

In addition to the planned work at Deep Well 802, the Company plans following
a work programme at the BNG Contract Area during the remainder of the year and
as summarised below but set out more fully on the Company's website.

At Shallow Well 142 a workover is planned to start at the end of
August 2023.

At Shallow Well 155 a new shallow well is planned to spud in
mid-September 2023.

At Deep Well A5 a new side-track from a depth of approximately 4,500
meters is planned with work expected to start subject to rig availability in
September 2023

At Deep Well A6 a workover to perforate a 6 meter interval at a depth
of 4,300 meters is planned to commence in mid-August. This may however, be
delayed to allow the shallow horizontal well planned to be drilled on the
South Yelemes structure to be drilled first using the rig and crew currently
intended for Deep Well A6.

A new deep well, Deep Well 803 is planned to spud in mid-October
2023.

At Deep Well A5 a 300 meter side-track is planned to commence in
October 2023.

At Shallow Well 141 a new side-track is planned to commence in
November 2023.

At Shallow Well 145 a decision on how to proceed will be taken based
on the recommendation of international experts assessing the well

The timing of the work to continue drilling at Deep Well A7 depends on the
results from the work to be carried out at Deep Well A5.

The above plans and in particular the timings are based on expected rig and
crew availability and subject to cancelation and variation based on
operational and commercial issues that may arise.

The Company's expectation based on the above work programme is that production
levels at the end of the year are significantly ahead of the current level.

BNG licence renewal

The existing appraisal licence for the two deep structures at BNG (Airshagyl
and Yelemes Deep) will expire in 2024. The Company intends to apply to renew
the licences on a long term full production basis, under which international
sales would be permitted.

The two shallow structures on the BNG Contract Area (MJF & South Yelemes)
are already long term licences with international sales permitted.

Following a licence renewal for the deep structure on a full production basis
the intention is to focus future drilling on production wells rather than
exploration wells, as would be permitted under the new licence terms.

Caspian Explorer update

The Company has not received the payments due under the agreement to sell 50%
for $22.5 million. Accordingly, the Company is in discussions with
alternative purchasers for the Caspian Explorer. Further updates will be
made in due course.

[xclusive2] 29/7/2023 11:22

I have sent questions in and I believe other investors have too. Hopefully all to be answered at the EGM and hopefully published as per previous Q&A sessions. Hopefully shareholders attending will take the opportunity to ask questions too.Those buying before close of play are probably hoping there'll be an update pre meeting, if there is, hopefully largely positive to make for a constructive meeting.

[togglebrush] 29/7/2023 10:38

A series of Trades in closing minutes on Friday, prior, to General Meeting at 10am on Monday, look interesting

[penrith] 26/7/2023 10:46

TB,My personal ratings are IG followed by HL (particularly for a SIP) and II.IG are good value for daily trading and foreign stock markets. News required. Back under water this morning but certainly not adding to my holdings.

[togglebrush] 26/7/2023 08:01

Upcoming Events for CASP from Stockopedia___FWIW
'
Monday, July 31st 2023_________Caspian Sunrise PLC Annual Shareholders Meeting
Monday, September 25th 2023____Half Year 2023 Caspian Sunrise PLC Earnings Release

[xclusive2] 23/7/2023 11:28

That's a shocker TB. II are very good and slips were received on 11/7 and have to be in by 26th .

[togglebrush] 23/7/2023 10:48

Every broker doesnt play the game with a straight bat and that wasn't on an rns.
'
A thicko like me, who uses "Barclays Smart Investor", ex Charles Schwab, hasn't been sent any voting slips in my many years with CASP

[xclusive2] 23/7/2023 09:49

TB,Every investor should've received voting slips through their Brokers with all motions. As we all know PIs have no say as everything gets voted through

[togglebrush] 23/7/2023 08:32

extract from Company Web site, Investors, Circulars & Docs, 17 July 2023

NOTICE OF GENERAL MEETING

A notice containing the resolutions to be voted on at the Company’s General Meeting to be held on 31 July 2023
at 10.00am at the offices of Taylor Wessing, 5 New Street Square, London EC4A 3TW is set out on page number 3 onwards of this document

[bloomberg2] 19/7/2023 16:23

Panic over !!! https://youtu.be/aKnX5wci404

[xclusive2] 19/7/2023 16:10

That's the spirit Penrith ;)

[bloomberg2] 19/7/2023 16:03

Falling hard now !! Wonder if Rig sale has collapsed

[penrith] 19/7/2023 15:37

Hi X ,Thou protesteth too much . Come on tell us all we should now be topping up.. AGAIN Lol. Presumably your still not underwater and waiting for the bottom ....Beware newbies he's getting desperate....

[xclusive2] 19/7/2023 09:46

Usual Casper PI trading. Get to midweek, no news and safe to sell a few, maybe and see what happens. The old rinse and repeat cycle in the absence of news but FOMO will kick off at some point. Questions need to ba asked at GM so if you've got any, send them in now so you give them time to get their act together.

[xclusive2] 19/7/2023 08:12

Off topic. Hope Penrith was listening to my Housebuilder sector steer. VTY up 25% in a week as inflation news help move them up. If they get a grip on inflation and that is an IF with winter fuel pressure, Ukraine grain deal issues etc, then a good sector to be in but I see a few more bumps. Back to Casper, yawwwwwwwnnnnn. Spangle, no chance re salary. Maybe next board change is following Edmund, quite possible if new appointments coming .

[spangle93] 18/7/2023 18:25

I wonder if our Clive will take a salary cut now that a significant fraction of his time and responsibilities have been offloaded....

[bluemango] 18/7/2023 09:14

On re-reading the info on Companies House, it looks like Clive Carver stays on as Chairman but hands over Company Secretary role to Erwin Blik, as from 17th.

[xclusive2] 18/7/2023 09:03

It would TB but it doesn't understand bullshoite and not experienced at truth bending !