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CASP Caspian Sunrise Plc

4.85
-0.15 (-3.00%)
Last Updated: 08:46:30
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
  -0.15 -3.00% 4.85 4.70 5.00 5.00 4.80 5.00 1,331,121 08:46:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 42.95M 9.76M 0.0043 11.28 112.53M
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 5p. Over the last year, Caspian Sunrise shares have traded in a share price range of 2.25p to 5.25p.

Caspian Sunrise currently has 2,250,501,560 shares in issue. The market capitalisation of Caspian Sunrise is £112.53 million. Caspian Sunrise has a price to earnings ratio (PE ratio) of 11.28.

Caspian Sunrise Share Discussion Threads

Showing 30801 to 30821 of 31900 messages
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DateSubjectAuthorDiscuss
21/12/2023
17:27
K,If they deliver positive news on B8 or any deep, I can see them adding another listing as well as UK.
xclusive2
21/12/2023
17:09
so far they've needed the uk listing to offshore kaz income (dividends) and possibly other reasons too such as asset transfers.

so although they could easily cancel the listing and swallow the remaining 20% in pi hands for peanuts (£11m) at today's sp, the company would then be a kaz entity and they would have to pay kaz tax on all the income. so roughly speaking its 80% of the income tax free at present, or if delisted then 100% of the income but taxed.

i'm on shaky ground here as i dont have the full facts, but if it is broadly as outlined above then its likely they will maintain the listing, as it is intended to pay dividends asap.

bwdik. it may all be hogwash. dyor.

konil
21/12/2023
17:02
Waiting to see late reported sells or maybe tomorrow as there were more buys than sells and share price down 7.5%.Clive omitted to talk about B8 and didn't talk about 24, weather, delays etc so I think we may get more news before year end but that's pure speculation. Maybe some corp update too.
xclusive2
21/12/2023
16:15
smarty, does smack of some activity in the background as you have suggested. anything that doesnt dilute the whole company is fine, eg. the deal they are working on for 802 is good and if it results in successful commercialisation of 802 then the partner is welcome to a share of the profits.

if ko and clan no longer need a public listing for their various strategic asset planning reasons then that would be a worry. if they decide to ditch the listing the pi is done for. just have to hope they hit some success with the drill before that happens, that would enable a reasonable exit for the pi. but hopefully that is not the plan and they keep the listing because they need to see the market value the company properly with drill success - that will give them a stronger negotiating hand down the line.

konil
21/12/2023
15:58
K,I can't disagree with anything you've said. As has been said many times, this stock isn't for those who are risk averse and made worse by shoite communication. I still maintain that the Orazimans, WCP need this to progress successfully but thst doesn't mean we get success. KO converted $6.4m cash for stock and only had sone of it back with the divi payments. As far as I can see, this is his main venture and he needs it to work ! Lots on as you say but what they say and fo are 2 different things unfortunately.
xclusive2
21/12/2023
13:56
Cheers Peeps !!!!
bloomberg2
21/12/2023
13:19
We have selling to be disclosed as do should be up. MMS playing games as usual
xclusive2
21/12/2023
13:17
It's your money Bb ;)
xclusive2
21/12/2023
12:50
Ok ok im in for some more !!!
bloomberg2
21/12/2023
12:46
lack of comprehensive detail disgusting. not a surprise, just par for casp rns.


the 805 side track has started. previous rns 31/10/2023 stated this would not happen until q1 2024, so this is ahead of previously stated target.
which is good because they plan to use the same g20 rig for similar side-tracks in turn at wells 806, 807 and 54.

142 interval failed but already testing another interval at 142.

155 spud previously expected before end nov, rns 31/10/2023, now delayed until after testing at 142 completed. so i'm expecting 155 spud in q1 2024.

141 sidetrack previously expected to start dec 2023, rns 31/10/2023, but not mentioned in this rns.
is it still on for dec 2023 start?

previous rns 31/10/2023 stated work at deep 802 stopped to move rig to deep 803. this rns confirms 803 has been spudded, hope they dont fubar their 7th (or is it 8th or 9th!) deep well. td expected in april 2024.

previous rns 31/10/2023 stated "We are in early stage discussions with specialist international drilling companies to have them bring Well 802 into production on a success basis in return for a revenue split on that well."
what is the status now?

previous rns 31/10/2023 said that deep a7 would be restarted with existing g70 rig from deep a8, but this rns states a newly acquired g70 rig is being used at a7 and drilling has already resumed.

what is the existing g70 rig being used for? is a8 still in play? is the existing g70 continuing at a8?

no news on the 2 deeps at block 8. previous rns 31/10/2023, 7 weeks ago, stated drilling had been completed and they were preparing for testing.
what is status at block 8?

no mention of deep a5. previous rns 31/10/2023 stated a5 sidetrack was waiting on a rig from block 8, expected to commence nov 2023. if drilling at block 8 had been completed 7 weeks ago why has a5 sidetrack not started yet? or has it started?
what is status at a5?

what is the reason for ce 2024 profit going from $15m to "net profit to the Group estimated to be in the range $10 - $15 million" ?




you would never think it from this rns, but ops though not spectacular are humming away reasonably in the background, and there are one or two positives - a new g70 rig at a7, an earlier than previously stated start on 805 which is important because 3 other wells waiting on the 805 rig.

the market reaction this morning is less to do with the failed interval at 142 and everything to do with the irresponsible and shameful lack of detail in the rns.

konil
21/12/2023
12:33
Great post as usual peeps !! Will consider more funds going into Casp !! How many intervals at 142 are there left to go at ? Cant believe I fell for the promise of Higher production and boat sale and increasing dividends back in March !!! How stupid this now feels
bloomberg2
21/12/2023
12:23
BB,17 years, I'm 62 going on 63 and I can't say any different !! All I know is that this was a trading opportunity this morning as I've stated. Sentiment is shoite as are comms but if you believe the facts as they present them ! ie 142 second interval being testedB8 wells should have been tested ?803 in progress805 spud, first horizontal on SYA7 work about to be resumed155- last well on MJF to be spud after 142That's 7 wells I'm on progress or about to be. There are more buys than sells but the MMS are playing a game as share price should be up but there's obviously sells that haven't been disclosed as yet. The above work program, maintaining production at 2k and Casper cash means that this will be bought into again as there's a lot on the go regardless of outcome. I don't trust them at all but I remain invested to see the drilling outcomes as long as they're funded to do so and avoid dilution. Im hoping that there's something positive to say on B8 as why the hell did they say they're tearing them and then fail to update. I think we may get more news this year with corp activity update but that's pure speculation. I bought more this am.
xclusive2
21/12/2023
12:08
https://news.uk.cityam.com/story/2094614/content.htmlHopefully PE could give us an exit in 24
bloomberg2
21/12/2023
11:54
Just buy a few like I've done this am :)
xclusive2
21/12/2023
11:46
Don't understand your post peeps
bloomberg2
21/12/2023
11:13
More buys than sells and down 15% ? Obviously peeps sold this morning and sales not disclosed yet as the share price should be blue. It want the time to sell as there's so much on the go operationally. Regardless of success, peeps were always going to buy as the share price is on its arze and oversold.
xclusive2
21/12/2023
08:17
I agree that the lack of detail might be an indication of corporate activity in the background - hopefully of the kind that will finally unlock the undoubted potential here.

Test results from new interval on 142 looks like the closest next news.

bluemango
21/12/2023
08:14
It's like he wrote it in the lift on the way up to his office. Shoddy and disrespectful
onsideman
21/12/2023
08:05
Maxim,Don't know what to say really as there's no detail to say much about.Bad news142 a duffer Good News2000 bopd continues approxMaybe able to sell oil internationally Barge contract now has a start date although I don't understand why it's Q3 as N Caspian will be ice free in April.No news Block 8 ?Or anything else !!If you read last operational update and this, it's like 2 different people communicating with us, it's bizarre.They do what they want unfortunately and we're unable to challenge them as we are a minority player in this game.Clive e-mailed me and I was advised that there was a fair bit on but it would've been good to flippin know what that was. Re corporate activity ? I believe so but very difficult to understand what the hell is going on if they don't communicate effectively !!
xclusive2
21/12/2023
07:49
I wonder whether the lack of detail in the update reflects the fact there is indeed some corporate activity going activity going on.Either way we have to dig in now for the next update . Happy Christmas everyone.
maxim1999
21/12/2023
07:25
This is just a lifestyle share. Doesn't seem to be any decent progress, always excuses whilst taking large sums of money. Gla
jayrh
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