Caspian Sunrise Share Discussion Threads

[lookinggood] 14/5/2024 08:11

Glad i didnt buy looks rubbish

[crazyworld2] 14/5/2024 08:05

Nasty collapse

[crazyworld2] 14/5/2024 08:05

People dumping heavyBad rns

[xclusive2] 14/5/2024 08:00

Well, it's more than the carry value on the books and this won't be the last asset they sell. BNG deeps next and that'll be significant. They've said it themselves, they're not skilled enough and I believe that there will be new partner heading our way that can price up the acreage.They'll be left with a load of cash and possibly 2 producing assets ie B8 and WS and a barge that won't generate cash probably but instead will be a ticket to get involved in larger projects but they won't be involved in the drilling.If the deal concludes, then I fully expect to see A Block and NY on the shopping list. There is NO value in the share price for those assets and the sale price could be 'significant' if they prove up any well ie 802/3 or A5 etc.The question then is, what's next ? Is B8 flowing ie the new wells ?

[lookinggood] 14/5/2024 07:54

New production from where what assetIs this now a cash shell

[maxim1999] 14/5/2024 07:47

They must have new production coming on stream ??

[onsideman] 14/5/2024 07:38

$83m is less than I'd hoped (not that I had any specific figure in mind) as it's well under £70m at todays ER

That said, completion places the mcap at a figure only marginally above the cash value which is madness if you think CE and the deeps will deliver on their potential

[dipla] 14/5/2024 07:25

I think that's a good price to pay. There doing this as they know the deeps can produce more. They know more than what they are telling . All positive I'd say! This will hopefully boost the share price

[credock] 14/5/2024 07:23

Did someone post on here the sale would be between 80 and 100 million a few weeks ago. Yes it was me and i got laughed at by one poster but there it is .

[bloomberg2] 14/5/2024 07:09

83 million sale BNG !!

[xclusive2] 10/5/2024 14:53

Still have a seller in background

[xclusive2] 10/5/2024 14:20

Better than backwardation ;)

[the new norm] 10/5/2024 12:26

Contango ;-)


0.03366 v 0.033649

[xclusive2] 09/5/2024 18:43

The bid has been very healthy but the share price has been on its arze and 2m @ 2.8p is only equal to 700k at the recent 8p ish high. Is it a sign that there's a big event on the horizon, I'm not sure as if that's the case the share price would've moved by now.I'm on the same page re something major going on but I don't believe it's company sale, I'd go with sone of the assets being sold but retaining parts and listed entity so they can continue to trade and acquire more assets matched to their skill set and capability. Financials to be released in June and there will be news flow but I don't believe it will be a company sale.Spangle 111,A5 flowing ? I can't see it but if it were and they were obtaining the prod licence, then an asset sale makes sense to me.

[the new norm] 09/5/2024 17:43

X

I'm sure we are going to find out soon and probably before the AGM at end of June

have you noticed the interesting 'online' mm appetite for stock ever since the March 2024 RNS?

Recently you could sell 2m+ online in one transaction to MMs, this happened at 2.8p, 3.3p and 4p, don't remember MMs having such a large online appetite for CASP shares, previously it might have been up to 1m shares in one online trade but usually its no more than 250k/300k

Think they filled the buy order for 3.3p today with the 454,818 share trade as we are back to the more usual sell online limit after the last trade went through

Bearing in mind how well the price has held up with lots of large sells going through last week and this week at 3.3p we do appear to have a party accumulating quietly in the background and they may now be sitting on tens of millions of shares, not quite yet at the 3% reporting level but possibly getting close?

yes agree may get very interesting when news starts to flow!

[spangle111] 09/5/2024 17:32

Maybe A5 is flowing and being tested or maybe not. It was their intention to make it flow, it was also their strategy to bring on the deeps. Why sell the shallows unless something takes its place ?What if a buyer is also seeing a potential deep flowing from the insider track. It's a waiting game, and if it's big it will come quickly. In any case, there are still lots more irons in the fire. Hopefully radio silence broken soon, first day back off public hols tomorrow.....

[xclusive2] 09/5/2024 16:13

NN,Good post And I don't believe you're sniffing glue ;)My thoughts aren't too dissimilar and I do believe don't g is going on. Maybe not the company up for sale but the sssets. Why are they going for a production licence on the deeps and they're not flowing ? Making the statement re shallows interest, that could extend to all BNG. All wells have flowed and maybe the CE contract has given them exposure to larger players ? A new CPR in the offing ? Casper don't have the money to spend what they should on developing the deeps. It may look attractive to those who believe the seismic and the links through B8 to the big Kazakh elephants. Add in the production licence and maybe we're not far off. If the money is right then why not but my shout would be assets sale, keep WS and CE and continue the business to suit their capability. If they can bin BNG then they'll have the cash to build another portfolio,, possibly adding more Oraximan assets, oil, minerals etc. Interesting times possibly

[the new norm] 09/5/2024 13:54

did the 'Family' subtly put the 'for sale' sign up on 31st October 2023 and we all missed it?

why else did the company go to the not insignificant expense of preparing a glossy 24 page Investor Presentation document? the half year results were medicore, they had stopped the dividend earlier in the year, all negative stuff which drove share price back to the 2s from 8....

who was the Presentation for? Family and Concert Party? PIs?

Family don't need a glossy document to tell them what they are doing and why would it be prepared for the benefit of PIs who are constantly kept in the dark?

For sale sign on whole Group business makes much more sense

Reading the March 24 RNS in this context also begins to shed light on what the Family is trying to achieve...all positive stuff covering wide range of Groups business activities and multiple profit income streams in current financial year

In addition this RNS confirms they have a few interested parties in the shallows, will this interest develop into an interest in the whole Group?

Interesting that the RNS even covered 3A Best which is fully impaired and has been in limbo for years, but the RNS is keen to stress that if licence is renewed and the directors chose to sell asset it will be all profit from that transaction. If you were discussing sale of whole of CASP this comment makes sense to extract the best possible takeover price

Adding WS shortly after the March 24 RNS also suggests that something is brewing behind the scenes. The Family sell asset to Group for 4p a share knowing that xxp is coming once takeover is sealed. This acquisition and the subsequent issue of additional shares to the Family ensures they now have controlling interest of CASP with their total Family shareholding going above 50%....perfect timing???

The Family went to incredible lengths to have all their shareholdings held through QAE tax free vehicles...if it bags 5x or more then not wasted effort bearing mind the Kaz tax they would have avoided paying

I've probably been sniffing too much of the fumes from the paint drying here but then again a potential buyer of CASP will be insisting on radio silence while they fine tune their negotiations with the Family!

[xclusive2] 08/5/2024 13:18

And a quick recap of the imminent news that could get us back to double figures -;CE cash - the last two links I put up suggests Abay exploration. going ahead but is CE the chief route. If do we get a large inhection of cash which goes a long way to reducing current liabilities. I also believe we could get more than the $10m profitability stated as there are clauses in he contact for it sitting idle pre any drilling start date, also on site testing has to be done pre project commencement so extra dough likely.B8 licence award - will create cash as Bolthazan loan to be repaid and revenue from existing prod paid to Casper. Also testing of the 2 new deeps drilled.MJF/SY sale - if it is in play then a significant cash sum heading our way. WS licence- I spoke to company re project plan and drilling to commence soon and far easier than MJF BUT no guarantees of success. If it does flow then cash will hit quickly as oil sold domestically and transportation costs to reduce, profitability to increase.Meanwhile work continues at 803 and they hopefully agree a deal with a partner to drill 802 that allegedly flowed at 700-900 bopdA5 ? The pumpers are talking about flaring licence, personally, I believe that's a load of old rubbish but happy to be proved wrong as any success there is a company maker.Shallow wells 155 and 806 to add prod too hopefully. All of the above will happen in next 3 months and all of them are very material. At 3.4p, I believe this is a strong buy as we've never had so much to report on. Many bags to be had dependent on news and important time for all longs .

[xclusive2] 08/5/2024 10:38

A pal did Coronado last year as part of a bigger trip and really enjoyed it.As u say, back to business. Mr Cautious as his name suggests and he and as he states his interest is a very minimal one as he's sold out. He's made the point re getting shafted and possibility of getting stuffed many times but why stay invested ? As per my previous posts on the subject, I don't see it for the reasons I've posted previously. I'm not saying it's not possible but that would only be as a last resort. If they wanted to really shaft PIs then that's easy, they issue poor news and crash the price, add a load of assets in and dilute us todeath and acquire at fire sale price. They're not doing that and there are several reasons as to why not. Firstly, Kaz is a tribal country and our KO has to walk the tightrope in order not upset the elite. I've had this conversation many times with the company. KO isn't an elite and his assets are locked in Casper with a London listing that gives him considerable protection from any predators. I spoke to Clive recently about 3AB and the likelihood of receiving our investment back. He was hopeful of receiving the monies but also stated that 2 senior Kazakhs are fighting for the acreage and it's not friendly ! If KO really upset PIs, much that we are a minority, we could cause him grief that could lead to a loss of an AIM listing. I believe he'd struggle to list on another Bourse if that happened and his assets would not be protected, that's another conversation I've had with the company. He's putting all his assets into Casper with the objective of binning them for a tidy sum, whether that bean ultimate trade sale or individual asset sale. His whole empire comes tumbling down if he takes it Private as he'll be at mercy of those looking to take advantage including KMG and the State. If you don't comply with all the licence commitments then you're toast and Caspian with its listing can raise money as and when to ensure the funds are always available.As per my last post re asset sales, I believe that Casper will sell any asset at the right price. They've been useless with the drill bit on all deep prospects yet all have flowed and at some juncture they have to involve a skilled partner to share the spoils or they'll sell the whole shooting match with shallows imo. They may become asset flippers as they did with Galaz, that was a great deal, they will do it again. Next 3 months are going to tell us a lot with regards to a successful future. They need to generate cash and we should see that in the next few months, if we don't, time to reassess investment decisions. I'm still bullish on making a few bags here but not got the rose tinted specs on. This investment is high risk and for that there has to be a big return, as of yet we've not seen that but the potential is still there. Next 3 months will tell me what I need to know and if it's not as I want it to be, I will be reducing my exposure .

[penrith] 08/5/2024 08:14

Thanks,Sounds an interesting trip . If you feel like escaping the U.K. weather and enjoy that neck of the woods then try Coronado Island in October good seafaring history. Then in November chase the sun across the border to southern Arizona, a place called Bisbee, great Old West and mining history. Both have iconic hotels slightly older than the Bellagio...lol.Back to business.There's a chap on LSE called mrcautious who recommends we look a the story of Ienergizer.I think he has a very valid point.I have been convinced for some time that the are going to take us private on the cheap. The news flow seems to be geared up for that. I think we are deliberately being kept sub 4 p.

[xclusive2] 07/5/2024 20:56

To add, been to Vegas several times and used to be reasonable from a price perspective, not anymore ! a real rip off.LA expensive but Santa B was very reasonable and the seafood and Me I can/Italian was awesome

[xclusive2] 07/5/2024 20:53

Did a road trip. Vegas 4 days -too long, stayed Cosmo and Bellagio . Cosmo pants compared to Bellagio, only benefit, had balcony. Be prepared to get high walking down the street from the weed ! Did a couple of showsPalm Springs - 1 nightSanta M - 4 nights Santa Barbara - 2 nightsDid LA tourist stuff, Malibu, Montecito and vineyard tripsThe plan was to go on to San Fran and then onto Yosemite but my old joints not up for it. If i was to change anything, 1 less day in Vegas, 1 less in Santa M and 2 more in Santa B which was gorgeous ?