Caspian Sunrise Share Discussion Threads

[tag57] 20/2/2024 14:04

I would like to invest in that Caspian Sunrise, sounds like a much better ran company than this one!
Shows CC must have spent all of 10seconds on his narrative for the RNS.

[bluemango] 20/2/2024 13:38

That link again:

[the new norm] 20/2/2024 13:25

Clive should be replaced by this guy for the production of future RNS statements

hxxps://bnnbreaking.com/finance-nav/caspian-sunrise-resurgence-and-innovation-in-oil-extraction

the art of positivity is entirely lost on poor old CC

[xclusive2] 20/2/2024 10:06

Current market Max buy 375k @ 2.59pMax sell 1.2m @ 2.31p, better prices up to 300k (2.36p)I sense those that sold at higher prices could be adding and the early birds got the better prices. Now it's stupid at 10% spread so if they want more trade, increase bid and lower the ask :)Much that you could think that there's no material news in short term, there is a lot planned.

[jostrummer] 20/2/2024 10:00

this looks like it may revalue from these current low prices, sometimes it takes roxi a few days to react - will take 500k off of me at the moment..

[xclusive2] 19/2/2024 13:22

SP will trade in the low 2p range as investors can't see any immediate material news following that update. Personally, I don't believe we wait that long for a comprehensive update and still can't rule out corp activity, more acreage ? another listing ? placing ? As stated many times, a busy schedule ahead and the share price will move on expectation especially as B8 wells are drilled ready for testing and shallow wells will continues to deliver quicker results. At some juncture peeps will get back in, add or enter the game but currently the share price will probably weaken and you will see the buying again, that's a fact.

[xclusive2] 19/2/2024 12:22

Re empty handed, let's hope not. Even then I believe story continues as they'll probable exit blocks, maybe sell them and add more. Minerals here we come ...lol

[tag57] 19/2/2024 12:11

Thanks For your responses Blue and XC2, much appreciated.
I won’t be adding to my position as I am mainly an income investor but as stated will remain invested here.
XC2 - As you listed there is plenty going on this year and even if they (Shin) are inept, useless or couldn’t give a fig, surely all of the wells being drilled or redrilled cannot come up empty handed.

[xclusive2] 19/2/2024 11:42

Konil,Yep, a lot easier to move cash but he needs the prod up and CE cash to facilitate that so hopefully we see both this year. Tag,The company comms didn't used to be so poor. I met the original board Schoonbrood, McDougal, Barker and our Clive but not KO. Floated at 38p if I remember and so shot to c 70p on early expectations of greatness before the financial crash of 2008 where main minnow oil exploration companies went pop like Max Petroleum. Things changed when KO and Kazakh pals took majority share and the comms to PIs have deteriorated. That may not be KO, it could be Shin and the company would argue that KO saved the business by funding it with minimal dilution in the difficult periods although there are a few sweetheart deals like 3AB. Through gritted teeth ? I'd be lying if I said I wasn't hacked off but I stay invested until I see a real risk to their continued operation. They've traded for 17 years now and as far as I can see, they have a larger asset base, they are now profitable even with the painful sanctions and the CE charter will add to that. They do have debt with the B8 drilling and BNG liabilities but they're paying that off at $3.2m pa. They've operated in a negative financial position for most of their trading history but now they are in the black. I believe they continue to build their asset base as there will be opportunities to add more acreage on the cheap, that acreage will come with drilling/licence commitments but there is little competition for it. Some of it may come from Shin's Korean links to KNOC and their disposal strategy.I stay invested as I believe they eventually get there. It's definitely been jam tomorrow, there's no denying that but it'll take little success to transform this and as far is I'm aware, they have the cash and assets that can deliver value = multiples of current share price I'm really hoping that the 2 new structures at B8 are flowing and that they can convert the NY deeps as they are meant to be easiest wells. A5 is the well I want to see redrilled as that's the most lucrative well and that's the well that gives the share price the biggest jolt as it's the biggest structure at BNG. 7 possible deep results this year at -;A5A6A7802803Block 8 x 2That's why I'm still here :)

[bluemango] 19/2/2024 11:13

x2 can answer for himself but FWIW I firmly believe they can convert this to a far higher valuation and have been adding accordingly, taking the opportunity while the share price and sentiment are subdued. 'Buy when others are fearful' and all that.

konil and smarty/x2; good posts, entirely agree.

[bluemango] 19/2/2024 11:08

Tag57 I totally understand your frustration which is shared believe me!

However I have to disagree with the RNS/poor comms being a red flag; as I tried to explain I actually think it's the opposite, and that over-egging the prospects here would have been far more of a warning than simply not giving enough info. Yes we want to see more reason to attract PI's. Meanwhile the larger holders, concert party etc are unfazed, couldn't give a stuff about us and the wider market as they are firmly in for the endgame.

[konil] 19/2/2024 10:49

good post smarty.

i agree your assessment ko will not want to take it private cos i reckon the listing gives him a route to move cash away from kaz. and he has spent a long time loading his various assets into the company (and increasing his shareholding in the process). bwdik.

i reckon the share price is irrelevant for the big boys down at these levels, which is why they dont give two hoots for the rubbish put out in the rns's. they (like us) want to see production up and the market valuing the deep assets correctly, but that only comes with a deep or two being commercial.

[xclusive2] 19/2/2024 09:39

Understandably, investors are hacked off, anyone would be with zippo return on their investment, especially those invested for years. The only winners maybe those who have successfully traded this but they are in the minority. Communication is poor and obfuscation is continuing as is the inconsistency from one RNS to the next but we can't change this as we are the minority players in this game but we do have a major role to play as we dictate the share price. Regardless of positive or negative news, the share price is dictated by supply and demand and the share price rarely equal real value, it's a representation of PI sentiment. Current m/cap is c £55m, when only a year ago the share price reached 8.6p and £195m. How do you justify that ? The rise to 8.6p was fuelled by 802 flowing, 142 result increasing shallowing production and the introduction of Divis which were not affordable. What is the correct valuation ? simple answer neither as it's down to good old sentiment and resulting supply and demand. Current sentiment is poor but why are PIs still here ? Many will probably be trapped and can't afford or don't want to realise a loss, many are still invested and they still believe that this is still a huge multi-bagging opportunity and are seeing that the assets are worth investing in. Could Caspian go to market and buy their current asset base for £55m ? The deep assets ie A block, NY & B8 , the shallows at MJF/SY and the Caspian Explorer. I don't believe they could but if the share price continues to stay down at these levels, maybe Penrith's concern of being taken Private will become a reality. Current PIs only represent 15% of this company, probably less now so it would only take £8m to wipe us out at this level. I don't subscribe to this outcome as I believe that KO would lose control of his little empire as there are predators that probably would clean him out and the real money will be made on share price appreciation not a private sake of asset base, I only see that in the disaster situation. KO knows that his best exit is via share price appreciation and he needs PIs to do that work but they need to get their finger out and start delivering !I stay invested to see them succeed with the deep conquest. They may never do it but currently they are funded by current production to continue the journey without dilution especially if CE cash lands and could be a continued source of considerable profit. They have made little progress over the last few months and that's down to current cash restraint, that's obvious. They took the divi cash which put them under cashier pressure, the sanctions have affected income inflow and they've gone through a busy period of drilling to meet licence commitments ie 802 and B8. They've made no progress on 803, 802 and A7 because they're managing cash and speed of progress will be dictated by prod income and CE cash so hopefully we see things progress at a faster pace. As stated, I'm staying invested to see them realise value from the deep assets and I'm hoping that it happens this year. 802 was meant to be highest COS, they got it to flow but the same old blockage ensued and now looking for a partner to assist. 803, will it be the same story ? A5, our best deep to date from prod flow rates but yet again the blockage issues. Will B8 be any different ? I don't know but 2 wells drilled and ready for testing so we'll know soon enough. 7 deeps to see conclusion this year providing they have the cash to facilitate the drilling. I'm sticking around to see if this leopard can change its spots.

[credock] 18/2/2024 15:27

Well PVIL i have been invested here for over 10 years and that is the best post i have ever read. That is so true and in a nutshell Casp to a T. Same RNS for 10 years LOL.Bang on if they cant get a deep going in all this time will we ever get one producing .Come to think of it is anything they say true at all ??? Has anyone ever been over and seen these oil wells etc ??

[pvi1] 16/2/2024 16:31

They've basically released the same RNS for the last 10 years. It's time to let go guys.

[spangle93] 16/2/2024 14:08

There's probably a wee bit of verse along those lines ....

[roy1982] 16/2/2024 14:04

did someone say JAM TOMORROW

[penrith] 16/2/2024 10:48

Never invested in a company so contemptuous of its minority shareholders.The RNS covered the absolute minimum. The only comment "With the return of Well 142 production levels are moving in the right direction."Shows the contempt.

[bluemango] 16/2/2024 09:25

Given how cold it's been in Kazakhstan over recent months this is a decent (albeit unexciting) progress report. Some traders exited early on but can see this moving up now with warmer weather and plenty of drilling news still to come.

[spangle93] 16/2/2024 08:00

"In Q3 2023 we spudded Deep Well 803, the final deep well under the current BNG work programme. Drilling has reached a depth of 500 meters without incident "

500m???? In 4 months? Are they using a teaspoon?

160 bopd in well 142 is rather less than before, but at least there's something back on the investment, and the oil price is better than some years

Why wasn't the workover on 145 successful?

I don't remember stuck pipe in 141 being mentioned before, but maybe that's because to preserve mental health, I try not to spend much time on CASP.

I certainly don't know on this performance how they'll get the shallows back to half the 5,000 bopd production being talked about some time ago

As for the deeps, well, it's wait and see

It's hard to love this company or respect the Chairman

[spangle93] 16/2/2024 07:52

I think "mixed" rather than positive. It's the CASP way.