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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 30951 to 30974 of 31900 messages
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DateSubjectAuthorDiscuss
22/2/2024
13:22
smarty i suspect they are not interested in sustainable divis until regular income increases significantly with higher production.
meantime if there is a wodge of cash the big holders will see it as a cash offshoring exercise so they will do a special/one-off or maybe 2 or 3 months divi then stop.

konil
22/2/2024
10:17
If they do decide to start the dividends again then they need to ensure it's sustainable
maxim1999
21/2/2024
10:35
Tag,

The last RNS had to be released as they had the results from 805/142 and I suspect we won’t wait long for a comprehensive update on all assets. I have been in from the beginning and have a bucket load of stock so I will always ask questions, largely to seek clarification. No guarantees but they have more material assets in play since incorporation and producing fields that are currently the cash flow engine, CE cash will help, who knows they may reintroduce divis but at a lower yield.

xclusive2
21/2/2024
10:24
Thanks XC2. At least his direct communication looks a lot better than his public comms.
tag57
21/2/2024
10:21
Also, you need to compare current prod and net prices achieved v the past 17 years. They are profitable now, prod is 50% higher than historic averages and oil prices are higher too. They're also trading their own oil that adds additional revenue as communicated. As stated in Clive's response, they have gone through a cash restrained phase and that's largely down to work commitments once Block 8 but the divi payments last year obviously didn't help. They managed to survive when oil was sub $20/6, no comparison now.
xclusive2
21/2/2024
10:09
Penrith,

We don’t know 100% but I can share a few paragraphs from one of the recent e-mails from the company.

I ask lots of questions and to be fair, Clive is very responsive. He answers the questions posed re CE, cash pressure and poss acquisitions. I also add the link that New Norm posted recently. I think you’d agree that it looks very positive re CE, the only point unanswered is the preparation of the underwater beach but he believes it’s ENI responsibility and will confirm.



From Clive,

‘Add to this that we are nearing the end of an extended cash constrained phase where we have had to spend on drilling to meet work programme commitments to maintain the licences and to prepare for the ENI contract at the same time as suffering the pricing and working capital impact of Russian sanctions.

Later in the year I hope the position to be much improved with increasing production, other assets coming on stream and the bulk of the payments due for the Caspian Explorer coming through.

As regards the split between the domestic and domestic mini refinery sales these are broadly the same as previously 50:50 but where the greater profit is for the domestic mini refinery sales.

For those who believe in Kazakhstan the future looks good as there are plenty of opportunities and seemingly little competition for the size of assets that we would be interested in.’

xclusive2
21/2/2024
08:49
The thing that's keeping this ship afloat is the boat if you get what I mean. Do we think the actual rental is a certainty?
penrith
20/2/2024
18:04
unfortunately not. i mean it in relation to items they are reporting on and i'd add confusion and obfuscation to the list.

but lazy is spot on, they just dont care about the pi so they put minimal effort into the rns's.

fingers x'd they get a deep to flow.

konil
20/2/2024
16:48
He likes the use of positive adjective or 10 .....lol Not entirely factual but nothing wrong with a little hype now and then. I think the 375 is SY total as 805 was already contributing to the 300bopd that was last reported from the block. I haven't asked what 805 was producing at previously but all wells were shut in for 18 months if I remember and 300 bopd was the total then. I suspect they're looking to double output as a minimum but maybe I'm being a tad pessimistic.The shallows aren't going to make us rich, increasing reserves will BUT it does produce the critical cash to ensure that they can continue the deep journey, to acquire assets and who knows, with Benny onboard, maybe a mineral play. I just want them to focus on getting that flippin first deep to flow, that's the event that lights the touch paper. If they got one to flow with 6 other deeps in play, you can imagine the hype. Old Salman won't have enough adjectives to cope :)
xclusive2
20/2/2024
15:57
Thanks konil.

You mention 'lies and disinformation', presumably meaning you believe they are deliberately downplaying the prospects for Casp. I prefer to think of it as a kind of lazy omission; those private shareholders are a bit of a nuisance really, so feed them minimal crumbs occasionally but don't make any effort to let them feel encouraged as they really don't matter in the long run.

As mentioned previously - I prefer that, to them over-egging & hyping it unrealistically, but it's hugely frustrating to witness.

bluemango
20/2/2024
15:51
roll on the day when it doesn't matter what lies and disinformation are stated in the rns because a deep or two start flowing and the share price looks after itself.
konil
20/2/2024
15:44
thanks for the link to that article.

question now is whether 805 is producong 160bopd stated in rns or 375bopd stated in article?

in general that article seems to ignore the realties on the ground;

- casp's progress over the years since finding deeps with oil has been non-existent, with current deep production at zero

- the shallow ops performance is dire, bopd has gone backwards with lower bopd now than previously as the wells deplete or whatever other technicalities cause reduced production

- cash for ops has been limited and at times casp has been running on fumes (i had assumed this was resolved when the divi was started, but no, it was management being foolish and depleting cash to unsafe levels)

- casp do not have a good record with the authorities

- to say 142 has 'roared' back to life with 160bopd whilst also pointing out it had previously produced 1000bopd kind of discredits anything else he has to say.


back to the reality of bopd;

prior to latest rns, production was at 2000bopd.

latest rns states production at 1900bopd.

if 142 now produces 160 and 805 produces 160 i.e. 320 additional then that means production from other producing wells has dropped by 420bopd since previous rns.

if production at 805 is 375 then additional production since previous rns is 535, which means other producing wells have dropped 635bopd since previous rns.

konil
20/2/2024
14:57
RSI is low, double bottom on the recent chart.

Suddenly got a good feeling about CASP looking ahead, first time in a long while.

bluemango
20/2/2024
14:37
Caspian's nomad WH Ireland are normally fairly prompt in putting out a broker note after an operational update, eg after 21st Dec update they issued a note the same day.

Unusually, this time they haven't.

Could this be because they're aware more news is coming soon?

bluemango
20/2/2024
14:18
Decent read isn't it..
jostrummer
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.

tag57
20/2/2024
13:38
That link again:
bluemango
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

the new norm
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.
xclusive2
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..
jostrummer
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
xclusive2
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.

tag57
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 :)
xclusive2
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