Caspian Sunrise Share Discussion Threads

[control1] 19/1/2018 05:57

I am more than happy to praise each and every success because it means we have ALL benefited.

Trouble is, it's 1 step forward and 3 back with this company plus, they have a proven liar as the public mouthpiece which KO surely must realise actually tarnishes CASP's reputation (such as it is) in the institutional market place.

There I go Carver bashing again...? Not really, it is 10 years since I first invested here during which time, it's been a catalogue of "if something can go wrong, it will" not all of it under CC's stewardship admittedly but it's a fair old chunk of it

The man is the opposite of teflon, he is a complete Jonah, EVERYTHING sticks and he has ZERO credibility in the market for anything he is associated with, AST being another prime example. I'm really not far off drawing a comparison with Lenigas and NO BODY wants that because we all know what a toxic impact that association has on the reputation of a company but he is going that way...

Hopefully KO's kids are a little more social media savvy and read things like BB's which is the modern world's eye view on what is now THEIR company. Time to wise up kids and hire a respected front man with some actual clout to drive CASP forward rather than sticking with good old uncle Clive....

[xclusive2] 18/1/2018 12:39

K,A good summary. We rarely praise their successes but there are some as stated ie- Shallow programme- Licence deal- Non dilutive approach to funding to date- Galaz deal when backs against wall- Deep success ie finding oil, commerciality to be provenCarverspeak has caused a lack of credibility and that is clear to see by the lack of institutional investment. This is where they have failed to date and only deep success will change this. A great punt this year and down to them to finally make it happen. Carverspeak or Ronseal ? soon find out.Tick, tock.

[sue999] 18/1/2018 12:37

Well said konil.

[xclusive2] 18/1/2018 11:58

This is one of the best E&P growth bets in 2018. Limited downside if any as underpinned by shallow production with more to come. Minimal debt if any and about to go cash flow positive with lots more to come IF successful with the drill bit.Only risk is geopolitical but you pays your money and takes your chance. Many bags to be had if we deliver operationally.

[sue999] 18/1/2018 11:44

Konil,Their website shows P1 reserves of 19.5 mmb. P1 + P2 reserves are 48.8mmb.
So the current valuation is for Dec 2016, P1 reserve using $5/bbl.since many people don't trust word of mouth coming from this company, until official P1 reserve of higher values are issued, nothing is goanna happen.So it seems.

[konil] 18/1/2018 11:08

sue, imo reserves in kaz at commercially producing wells with infrastructure nearby should be c.$5/bbl to $10/bbl, with op headed towards $70.

edit: and of course company valuations are based on reserves and revenues and explo licences etc.
but obviously not for casp. :~(

[sue999] 18/1/2018 11:03

So the current valuation is $138 million based on reserves of 48.8 mmb will give $2.84 per barrel in the ground. seems correct for 2016 figures. Even at 100 mmb, we should be twice this price. Unless I am mistaking somewhere.

[konil] 18/1/2018 11:02

toggle, useful summary. imo 2017 reserves will be nothing like 733mmb because we don't have a deep for cpr yet. but i am hoping 2018 (or 2019) reserves will be of that order!

[togglebrush] 18/1/2018 10:36

FWIW just a quick reminder at how company has grown over financial years ended 31 December
‘
Production
‘
2017 4,000 bopd (un audited at year end based on 14 Dec RNS excludes Deep Well Test)
2016 1,731 bopd in 2016 (incl merger wells)__ Revenue $ 1,571 m
2015 __825 bopd in 2015 (531 net to RXP)_____ Revenue $ 1,051 m
‘
RESERVES
‘
2017 awaited (733mmb hoped for ???)
2016 48.8 mmb
2015 1.2 mmb
'
Based on Company Accounts

[xclusive2] 18/1/2018 09:00

Can sell volume above bid at 10.78 and less available to buy at full ask. A little bit of but volume will move this steadily north.

[hallow] 18/1/2018 08:50

This is ridiculous why can't they give us some news.

About anything.

[xclusive2] 18/1/2018 08:08

Well, the weather is always going to be cold especially on the 2nd shift but they've had a month off so hopefully they're back on it with a vengeance. Regular news flow from here onwards, the right flavour please.

[xclusive2] 17/1/2018 22:04

Good shout..lol.

[control1] 17/1/2018 22:03

Bought another 50k here today...

Anyone do SYM yesterday/today then...?

[roy1982] 17/1/2018 14:36

news is a waste of time because it is never truthfull

[captainfatcat] 17/1/2018 13:46

News is probably something to do with coiled tubing 8-(

[xclusive2] 17/1/2018 09:30

Seriously, the spread is at 6% and this often happens when news due but I can't see what's to report on if they've not resumed drilling activities. It was the wind, the cold and holidays that forced them to make the 'prudent' call to pause. The wind stopped some time ago, the holidays are over and the cold is a constant that never stopped them in the past. News, don't know , all I'm interested in is the quality rather than the quantity and will wait as long as needed to hear it (-:)

[hallow] 17/1/2018 09:20

Must be news tomorrow then.

[xclusive2] 17/1/2018 09:17

12 shares and a well spent £1.30 plus £6 commission...lol 12 is the MM code for news, trouble is, nothing's going on as it's too cold allegedly !

[hallow] 17/1/2018 09:00

Why would someone buy 1 share is it a sign, seems strange.

[xclusive2] 16/1/2018 15:14

Tiny trades and probably disgruntled or impatient PI's looking for another short term home whilst sending that there could be delays. Wouldn't surprise me to see news this week as the spread is silly at .6p ! !

[konil] 16/1/2018 15:04

seems an unusually large move down for relatively low volume of sells over buys. hope there hasn't been some operational disaster. or maybe seller back in town and a big sell order being worked.

wouldn't have been so bad had they not raised hopes so high.

[davidblack] 16/1/2018 14:44

Interesting little sell off today which has undone the upward momentum as people (including myself)get frustrated at the lack of tangible progress on the expected announcements at A5, A6, A8, 801 and 146 work over.

The bit that is sometimes missed in all irritation is that Caspian is already cash flow positive. That huge advantage remains as we wait for the drills to turn up on time.

If you are someone who has ever travelled on Southern Rail and survived then Caspians delays will feel not too bad. Plus its damn cold there at the moment!

Or as the weather forecast says "Frigid with low clouds; extreme cold can be dangerous for outdoor activities late." Apparently that includes drilling?