Caspian Sunrise Share Discussion Threads

[xclusive2] 19/3/2024 12:28:42

The only conclusive deep news can come from Block 8 if they have received regulatory approval. 802 would be next if they could find a partner to assist in trying to get it to flow. A5 could be next as a sidetrack won't take long then A7 if they actually get this new rig on site ! 803 won't be til early Q3 and A6 remedial work ? Material news could come from increases in production from 142/805 ? or more conclusive news on CE ie it's going to be used 100% and no delays to project. Other news ? corporate opportunities ? but the most material news would be a result at B8. Todays action is all buying, the bid is strong and looks like share price could continue to trend north as next news nears. Is this buying a pump on expected news ? its not as if it hasn't happened before.....lol. Let's hope its imminent news and that its positive :)

[jostrummer] 19/3/2024 12:11:47

maybe its something else then?

[bloomberg2] 19/3/2024 11:49:25

Only drilled 500 metres in February now saying Q2

[jostrummer] 19/3/2024 10:20:59

Why are you drilling 803 ahead of the A5 side-track and the A7 well? You state it was planned but that has never been communicated to investors.
The decision to first drill Deep Well 803 is led by the requirements of this year’s work programme.

Deep Well 803
Deep Well 803 is planned to spud in mid-October 2023.

Deep Well A5
We expect a rig to become available in September with which we plan to drill a new 400-meter side-track from a depth of approximately 4,500 meters.

[jostrummer] 19/3/2024 10:15:38

Well 803 is expected to reach the planned Total Depth of 4,200 meters in Q2 2024 - now?

[bloomberg2] 19/3/2024 10:13:09

You watching Jimbo ?or fishing

[bloomberg2] 19/3/2024 10:11:34

Deep should be near TD boys

[xclusive2] 19/3/2024 08:57:41

Nice to see somebody(s) being greedy. The bud has increased significantly to 2.45m !!! They want your stock, don't let them have it on the cheap. Hopefully news driven and not another pump.

[konil] 08/3/2024 11:07:05

difficult to know in mushroom mode. :{

[xclusive2] 08/3/2024 09:51:51

https://www.upstreamonline.com/exploration/kazakhstan-looking-for-drilling-success-to-rekindle-investor-interest-in-oil/2-1-1606630Looks like they're going ahead on the ABAY block. Could the CE be a key revenue/profit generator for Caspian alongside MJF/SY ? If so they'll be able to continue the story for some time to come, acquiring new opps, possibly diversification into other sectors eg minerals etc but the most important objective is to commercialise that first deep.

[xclusive2] 01/3/2024 10:53:54

Yep, bid is very strong and looks like this mornings little buying spree reversed this weeks selling and retrace. Can sell 1.35m max @2.415p . 2.51p ip to 550k. next move up and hopefully trend northwards in expectation of a busy Q2 on the ops front.

[bluemango] 01/3/2024 10:39:28

Not showing yet but bid is now above 2.50p

[bloomberg2] 01/3/2024 08:37:09

Morning Jimbo !! Just back from Florida!!

[panamajimbo1] 01/3/2024 08:30:53

Morning Dave...

[bloomberg2] 01/3/2024 08:25:59

Morning caspinians !!

[jostrummer] 01/3/2024 08:10:49

A5... Could be a fun few weeks

[bluemango] 29/2/2024 23:11:06

LLP "BNG LTD" (BiNG Ltd) announces a tender: For the provision of work on slot drilling of the side shaft in well A5 (with results)
The only supplier
#267472136
2,000,000,000 KZT
the deadline is over
29.02.2024
-
Procurement
Kazakhstan
Construction, real estate and architecture / Preparation of construction site, land works

[xclusive2] 27/2/2024 17:56:05

Spangle, you forgot MXP/GkP/AFR/UKOG and all the other dreamers and there are many !Et sl,Yep, they've found oil but will they ever flow it ? only time will tell but almost 10 years elapsed since A5 initial find. We might find that the geology is just too tough but one thing is for certain, they're not stopping the deep campaign so who knows if they eventually get lucky. We've all become a tad cynical over time and by that I mean the long termers and understandably so. Newbies will/could have a different view as they don't carry the battle scars of a non appreciating investment. They would've experienced a few of Caspian's recent mishaps eg divi withdrawal and the 802 flowing at 700bopd before more blockages. Will Block 8 be any different ? who knows but id have thought they'd have ditched the protracted regulatory process and wasting dough if they hadn't seen oil shows during drilling snd why test ? As Spangle has stated, nothing guaranteed but it's another 2 deeps drilled and 2 of 6 or 7 deeps that are in play this year and tgeyve never been in that position before. At 2.5p, for me it's another big opp as they are funded by their shallow prod with CE cash on its way (hopefully). I also believe there are more corp deals to come yo buikd the asset base. A multi-bagging opp but ive been saying that for years but maybe that jam is in its way :)

[bluemango] 27/2/2024 09:10:44

Fair point, though I think even the most pessimistic, glass half empty, gloomiest person in the world might acknowledge that they are in a better position having already discovered oil that flowed, and from several wells on different structures, than one that hadn't.

[spangle93] 27/2/2024 08:13:12

"if you ask me it's looking good as you don't test water"

I think you missed out the word "knowingly", BM. Try asking PANR (Kuparuk), TXP, (Chinook, Royston) MTA (Perrier), XTR in Turkey before it became a miner, AST (anagni) and goodness knows how many others over the years that have "found oil" and then not flowed it

[bluemango] 26/2/2024 23:46:48

Some interesting posts over on LSE this evening, including this:

"After CASP acquired the option to buy Block 8 in September 2022 (nearly a year and half ago) I reckon CASP's drilling company spud the two Block 8 wells not long after around February/ March 2023 hitting TD in September and have now been ready to flow test these two wells for 5 months now. They will have drilled through various intervals of interest on the two new Block 8 structures so the question is what is it they're preparing to test? They will already know the interval(s) thicknesses and if any oil flowed to surface from an open hole/ saturated core samples, if you ask me it's looking good as you don't test water"

[bluemango] 26/2/2024 13:32:37

Still no broker note from WH Ireland after the last OU on BNG, which is highly unusual for them and suggests (to me) that they're saving it for a more comprehensive update to come soon.

[xclusive2] 26/2/2024 11:36:54

Next move backwards after a buying spree last week, the trend had been selling. Don't believe we wait long for a comprehensive update to capture the true position on ALL assets. Most material are probably B8, CE position and prod nos, maybe corp activity too .

[xclusive2] 22/2/2024 15:49:36

K,Not sure. Yep, they need to drive Rev up tiny increasing prod but what happens to the divi chunk. Windfall payment maybe but I hope they manage it differently, spreading the income with a sustainable divi process. It would definitely push the share price on as income investors join the ship. They won't do it unless they know they have consistent income so prod has to increase.