Caspian Sunrise Share Discussion Threads

[the new norm] 20/6/2024 11:50

Totally agree BM, don't recall such a bullish brokers note ever!

investors who see the massive upside here are probably all now fully loaded and all the others are getting distracted with GE24 and EUROS24!!!

Yes H2 hopefully delivers in barrel loads ;-)

[bluemango] 20/6/2024 11:36

To be fair to WH Ireland, their note was extremely bullish. It's not their fault the market is being ultra, ultra cautious.

Looking forward to seeing some superb H2 newsflow, long overdue.

[the new norm] 20/6/2024 11:08

Slow hand clap!

Well done WH Ireland

Your last massively upbeat and positive note has put the market into a paralytic state of suspended disbelief!

Trading volume less than £50000 since the note was released

This time next week at AGM Clive will be giving his opening remarks........

Tock Tick zzzzzzzzzzzzzzzzzzz

[konil] 18/6/2024 12:24

very good!

dont post much anymore, nothing to say except occasional observations, but do read the board.
so its good to share some humour.

let's hope it all changes for casp in next few months...though been thinking and saying that over and over again for many years!

[the new norm] 18/6/2024 12:09

long term investors in CASP must feel like they have been travelling through Dante's 9 Circles of Hell over and over again, during the last 15 years with Roxi/Caspian Sunrise share price rollercoaster ride

Its taken me a while but I have just noticed from the last RNS that our BROKER, WH Ireland, fully embraces this sentiment, as the last three digits of their phone number is


SIX SIX SIX

[xclusive2] 17/6/2024 12:42

The market isn't buying it and obviously want to see results. We're going to see share price appreciation from any asset sale but as we know, value will increase considerably with good drilling results. As per the list, time to deliver some positive news, that will change sentiment and bring in new investors.

[the new norm] 17/6/2024 12:37

Presume WHI didn't see anything in 14th June 2024 to down grade their projections for Airshagyl or their share price valuation

Still relying on the WHI valuation from 22 Feb 2022

Airshagyl field oil recovery 305mmbs

102p per asset valuation

fantasy land figures, I know ;-)

[xclusive2] 17/6/2024 11:41

No valuation unfortunately which is a miss but it is a corporate sponsored note. Need to see updates on CE on route to Abay155 803802B8 licence renewalShallow sale A5NY reservesWS spudMiscAll due in Q3

[maxim1999] 17/6/2024 11:15

Can anyone update if Brendan's note has any valuations or price targets on it. If the company can gain the trust of the investor base and begin to deliver then buyers will believe the valuation numbers are deliverable. At the moment there is no premium built in to the price for potential upside. That when the price will fly.

[the new norm] 17/6/2024 11:14

Totally agree with you X

tick tock !!

Market is waiting for CASP to actually deliver on the long list of potential positives

Until then the market doesn't want to believe a word coming out of CASP or the Broker

Bring on H2 its been a long time coming ;-)

[xclusive2] 17/6/2024 10:41

BB,10 or 18 !! us far too long to see real shareholder value. We may not see the silly numbers but we have a very good chance to see a few bags from here dependant on drilling results as always .Tick, tock !!

[xclusive2] 17/6/2024 10:02

Thanks BB. Just been sent it and it reads well. As I say, there's a chunk of cash coming to Casper and hopefully investors finally get to see share price appreciation and maybe a windfall divi as a result of any asset sales. H2 a very important time for all invested here.

[bloomberg2] 17/6/2024 09:56

https://x.com/rckhlld/status/1802625617948450993?s=46&t=WZzoFQM8kpCT88d1sI2kew

[bloomberg2] 17/6/2024 09:55

https://x.com/rckhlld/status/1802625431218044959?s=46&t=WZzoFQM8kpCT88d1sI2kew

[xclusive2] 17/6/2024 09:53

Looking forward to reading Brendan's upbeat note. The market is not buying the positive reserves update but the company and Broker believe it's adding to the NAV.They obviously have an agenda and imo, that's to sell BNG for a significant sum. They issued the IP out of the blue in Q4, a doc that read like a sales pitch. Then the unexpected shallows sale and now the reserves update. Yep, they have to prepare an update as part of the licensing process moving from appraisal to full production licence but personally, as stated many times, I believe they're going to sell the whole BNG licence area and the prod licence award gives them the green light. 803 and A5 remedial work are very important with regards exit price. Maybe they stay involved in a minority play with a small carried interest but I for one would not be unhappy if they sold the whole licence area and focussed on the other assets in the portfolio.CC has already had comms stating that he believes they can replace existing prod and more from B8 and WS wells and they'll be able to do this with a load of cash in the bank and the journey will continue ie to acquire assets and develop/flip. Probably will diversify into other areas, renewables, mining etc but the story will go on We're going to make money here and the multiple friends on drilling results in H2. Yep, they have to cut through the Kazakh regulatory bureaucracy and yep there are risks but I believe they end up flipping the BNG asset for a tidy sum and we all make a few quid but more importantly, we're invested in a company with considerable cash with additional assets that can build NAV.Loaded up and waiting for my payday :)

[xclusive2] 17/6/2024 09:51

Got to pay my £8 pm to get access, cash is tight as am I, so will ponce it off a pal...lol

[bloomberg2] 17/6/2024 09:48

https://www.research-tree.com/companies/uk/oil-gas-e-ps/caspian-sunrise-plc/research/whireland/caspian-sunrise-airshagyl-reserve-update/41_2024061404151359348

[xclusive2] 17/6/2024 09:25

Is that great extraordinary or unusual ?

[jostrummer] 17/6/2024 09:23

its pretty extraordinary x2

[xclusive2] 17/6/2024 09:19

Does anybody have access to Brendan's broker note. I no longer have access to WHI Research Tree Portal and no note on Casper website yet . Allegedly, it reads very well.

[the new norm] 16/6/2024 16:52

Yelemes

Deep well 802

from last set of AAs.....In June 2022 we spudded well. Initial TD 4300m, oil was encountered sooner than expected at a depth of 3900m leading to decision to drill a new side-track from a depth of 2416m to 4100m targeting the oil at the higher level previously encountered.

With 100m still to be drilled the well flowed over a period of 3 days at rates fluctuating between 700 and 900 bopd. Work at 802 is now suspended waiting additional equipment.

RNS 25th March 2024.....discussions have started with a potential partner to seek to bring Deep Well 802 into production

Deep Well 803

From last set of AAs.....we expect to spud deep well 803 in Q3 2023

RNS 31/10/23....has been spudded with drilling now past 200m without incident

RNS 21/12/23....drilling has reached 500m without incident. Planned TD 4200m

RNS 25/3/24.....drilling has reached 1250m without incident. Primary target 3950m and TD 4200m. Technical information collected from 803 is expected to be sufficient together with the information already gathered at the other BNG deep wells drilled to support an application to upgrade the BNG deep structures licence to FULL PRODUCTION licence

RNS 14/6/24.....these reserve estimates have been produced using the data obtained from wells A5, A6 & A7 on the Airshagyl structure and do not reflect the full potential of the Airshagyl structure.
The reserve estimate has been prepared and submitted to the Kazakh Authorities in connection with the scheduled 'APPRAISAL' licence renewal(annual renewal)

A similar exercise is underway at the Yelemes Deep structure, the second deep structure on the BNG Contract Area where to date three wells have been drilled('including 802 above'). This reserve estimate requires completion of the current work at Deep Well 803 and is therefore expected to be available in Q3 2024.

CLIVE could have added.......

and to support an application for BNG deep structures FULL PRODUCTION licence

Questions

How close are we to target depth(3950m) on 803....14th June 2024 RNS suggests to me that drilling at 803 continues without incident?

Will oil flow from 803 at the same rate as 802.....700-900 bopd

Expected time frame for getting a FULL PRODUCTION licence.....by end Q4 2024???

is the potential partner for 802 also in discussion with CASP regarding 803 and all the other deep wells???

Hopefully AGM will provide answers???

[jayrh] 16/6/2024 13:58

News will come in the run up to the agm