Caspian Sunrise Share Discussion Threads

[xclusive2] 25/3/2024 10:21

Spangle,Yep, good one obfuscation. 805 will be minimal in terms of barrels and 142 ? yet again, answers on a postcard. Stu,Can't believe you're still looking in...lol Sokd your business yet ?

[xclusive2] 25/3/2024 10:19

Posted on LSE this morning. My 2 penneth for what it's worth ! This is a traders dream, especially for those who loaded up in the early 2s and disposed a few today. As far as I can see there's c 2.7m sells and 3.4m buys yet we're up 25%, a great result in my book.As Wolfi stated, this corporate activity was highlighted with the latest IP that came out of the blue last October.This RNS is contradictory or should I say a little confusing as with many Casper news releases.So what is actually going on ? Firstly, shallows up for sale , part or whole for the right price they state the carrying price so what is that ? If MJF continued to flow at these levels and current net prices for the remaining licence period it would generate c $350m net. Whatever the sale price, they state that It would provide funding for NEW development assets so by that I assume they're buying something else. I suspect that this is Block 8, if so it's likely that we're about to get positive news on that front following licence approval.If they sell MJF/SY then only prod in group is 100bood from 2 existing B8 wells. They talk about selling oil to the export marketplace if monthly prod exceeds 70000 bopd so without MJF, where is that coming from ?They plan to gain the full production licence on the BNG deeps. That makes the asset saleable but the true value is only realised when they flow one in each structure. Any MJF proceeds will attract CGT so surely there has to be a purchase in play so yet again this could be Block 8 in its entirity or something else ?They have their drilling assets in their services business which could be used to farm in to other projects. They have the CE charter in play with other parties interested in utilising in offshore projects. That makes sense as Tokayev is pushing offshore projects to international players.KO is not getting younger and I don't believe his son or Shin will be taking charge and the end game here has always been exit. Proving up the deep assets on BNG/B8 is where they make the big bucks. Sell the company is the most tax efficient exit v breaking it up and selling the individual parts.A5 has been the most exciting deep drilled to date so returning to that whilst simultaneously drilling 803 on NY which is meant to be the highest COS, means that they could prove up both structures this year.Block 8 status ? why continue if it's a duffer. One could argue that KO & Bolthazan will lose the asset by not meeting the licence commitments so they had to drill the 2 new wells. Who knows but it won't be too long before we know the true position there.2024 won't be a boring year for investors as there's plenty happening that will continue punter speculation. Is it the end game this year or next for Casper ? Corporate interest in the shallows would probably lead to interest in acquiring the whole company ? Answers on a postcard :)

[stuart14] 25/3/2024 10:11

Interesting. Surely BNG is worth more than the current MCAP of the Co! Hopefully they retain a free carry for some decent upside in the future.

[spangle93] 25/3/2024 09:54

"Well 805 was the first well in the programme and now produces at approximately 140% of its previous level."

Isn't a beautiful example of what drives us nuts with this company's RNS's.

Has it improved from 10 to 14 bbl/day. 50 to 70? 200 to 280?

In providing meaningful quantitative details to investors it's right up there with "Production from Well 142, which was the best producing well before coming out of production in 2022 continues to contribute to the structure's production but has yet to return to its former levels and we continue to monitor its performance."

[bluemango] 25/3/2024 09:19

Very bullish note from WH Ireland this morning. Ends with:

"The current year will be significant for many of the company's growth businesses as they establish their first significant commercial successes. It is an exciting time for Caspian Sunrise and we see significant scope for positive developments in the near-term and into 2024 for the company."

[togglebrush] 25/3/2024 08:53

March 25 - Caspian Sunrise PLC CASPC.L :

* CASPIAN SUNRISE PLC - STRATEGIC & OPERATIONAL UPDATE

* CASPIAN SUNRISE PLC: BOARD HAS IN RECENT MONTHS ENTERED
INTO A
NUMBER OF DISCUSSIONS WITH POTENTIAL BUYERS CONCERNING BNG

SHALLOW STRUCTURES

*----- talking the talk not yet walking the walk

[le mailot jaune] 25/3/2024 08:49

Top of the Risers what a sight, there is a god

[penrith] 25/3/2024 07:44

Ive slid down the walls too many times.....

[dipla] 25/3/2024 07:40

U not bouncing off the walls, holding rns with some positive news

[penrith] 25/3/2024 07:36

Well the RNS has created a lot of excitement!

[bloomberg2] 25/3/2024 07:08

Morning caspers

[bluemango] 22/3/2024 15:01

If you can sell decent size for over 2.65, it puzzles me why they insist on showing a bid well below that, at 2.4.

Surely they want to encourage trade, by having a narrower spread that more closely reflects the true situation?

[konil] 22/3/2024 12:40

smarty, despite reasons for optimism, well one reason i.e. there is a lot on, historically long silences from casp have ended with a poor rns mentioning op failure(s) at this that or the other.

until they
- start writing acceptable rns's without contradicting themselves and which provide the true picture covering all the ops and assets and which answer all relevant questions, good or bad

or

- commercialise a deep

i cant believe anything will change. the shallows will keep producing, the bopd will bumble along around current levels as it has done for years and same old same old.

market will never trust a company like this, so little chance of irrational exuberance here unless one or both the above happen, preferably a commercial deep, then they can continue to spout rubbish the share price will take care of itself.

[xclusive2] 22/3/2024 09:04

Bid very strong this morning and another little share price run on the cards, tick up due now. Peeps obviously getting back in on expectation of a quarterly news update. Nowruz public holiday yesterday and today and maybe a quarterly update by month end If so it should comprehensive covering all assets but what flavour ?

[xclusive2] 20/3/2024 09:14

Looks like yesterdays early excitement had waned. Probably a P&D that attracted more interest from those not involved in the exercise. If you can buy 1.5m shares at 2.45p ish and sell for 2.75 then it's a tidy profit for a days work. Maxim,Shallows have far smaller reserves but as you say, if they developed them and built healthy revenues/profits, they could acquire more as the blocks are available for willing investors. I believe our problem isn't shallow/deep target, it's Shin and his team. Not skilled enough but Shin is a board director and looks like he's set to stay. In that point, they have to add NEDs to their management structure.They're operating in oil rich Kaz, we know the oil is there but something has to change to lift the success rate and ROI. With regards to partners, they obviously can't find them so you have to ask the question why ? Is it difficult geology, terms of any deal not attractive enough ? If you look at B8, it has produced from 2 deeps so the oil is there but no guarantees that Shin can deliver success although we remain ever hopeful. The A block is the most lucrative opportunity so maybe partnering on A5 sidetrack or new well to see if they can get it over the line. The deep exploration journey on current assets (NY & Airshagyl) is coming to an end this year on completion of 803 and A7. Licence commitments met and left to lower cost remedial work on all 6 targets to see if they can commercialise them. B8 will be the only structure that will see exploration/appraisal if the current wells drilled are successful. The CE cash is very important this year as it gives them options and operational costs will reduce without expensive deep exploration. It also may become an annual source of revenue to continue to fund operational program. If they can't commercialise current deeps then partnering is sensible but can they get anybody in ? As you say, if they build shallow production to 5k bopd then that gives them cash flow and options. I believe that they will continue to add acreage but currently they are tight for cash following B8 and 802 explo costs and divi payouts hence the slow rate of progress. I'm for a new Ops Director and a review of their strategy but that won't happen with the current leadership. They have the assets in oil rich acreage but will they ever convert ? I stay invested til year end in the hope that my faith is rewarded, only time will tell.

[maxim1999] 20/3/2024 08:14

Re read the last few Operational updates and it's so extraordinary the lack of progress with the drill. If they had just concentrated on the shallows got some success there . Is it not all about the top line ? Drive that then you have the cashflow to go after the deeps. All they did was fritter the cash away on expensive deeps they could not bring in line. The other mystery is why after a long series of deep failures due to lack of technical expertise they did not do a series of farm outs and get someone in who knew what they were doing

[xclusive2] 19/3/2024 15:34

86% buys v 14% sells. It was great to see share price push through 3p but too tempting for those who could've made a little 20% turn. Instead of selling, buying at that juncture would've pushed this into the mid 3p range but the £ signs were too much of a temptation ...lol. Whether P&D or not, the MMs have had some profitable business today. The Casper ship isn't leaky historically so this must be pure speculation that news is nearby OR that mid 2s was a great entry/add point as there is a lot planned in 24. Some solid buying into the close would be good to see and break us out of this trading range ;)

[bloomberg2] 19/3/2024 15:02

https://youtu.be/aKnX5wci404?si=L1iYmExPdp9a57gf

[bloomberg2] 19/3/2024 14:17

Good one Stevie lad

[stevehuges] 19/3/2024 14:15

https://youtu.be/vawBiuGHq1c?si=FY6ZTL_ENaw56ax7

[bloomberg2] 19/3/2024 14:07

Il second that

[xclusive2] 19/3/2024 14:06

If it's a P&D it's a nice one, especially for the early buys. It was so well bid this morning, somebody(s) were after a load of stock. 30% hike on c £60k buys is extreme but a 25% profit in a few hours is good business if you're that way inclined. Some letting go of of a few now but with sooo much on the go, the share price does not reflect the NAV/opportunity. Some may disagree but with shallows, deeps,barge and likely future acquisitions, this is bargain territory for those with an appetite for risk. Roll on some positive news to strengthen those foundations :)

[bsg] 19/3/2024 14:02

NMS 50k so maybe the 500k sell side will be delayed. MM games!

[bloomberg2] 19/3/2024 14:01

Timberrrrrrrr