BP and Shell merging, but moving their listing to the US would be a killer for the UK markets. Wouldn't blame them though. |
I'm hoping the legal challenge by AR stepson being dropped in early December was the reason Clive was happy to extend the long stop to end February 25. These 'ownership' challenges always delays your third party funding arrangements.
Clive needs cash in from sale to finalise licence renewal negotiations with Kaz authorities. They want to see the colour of his money upfront on the social payments front, after the payment hiccup middle of last year. There is also a few $m owed at 3AB which needs paid from 2020 so that delay in renewal is similar to BNG Deeps.
Tick tock ;-) |
https://polaris.brighterir.com/public/caspian_sunrise/news/rns/story/xe3lpnrWe await news on -;- WS spud- 2 Block 8 wells - resumption of production. Are they doing remedial work to increase production ?- Licence renewals on BNG & Akkaduk AR long stop date fast approaching so worst case we receive news w/c 3/3 if deadline missed. Hopefully not another one paragraph special stating that long stop extended again without an explanation as to why. |
Tried to post this on other BB but got deleted :-(
Now that the Stepsons legal challenge against Konakbayev has been dropped by the Kaz Courts will this give Absolute Resources the green light to get all their ducks in line to complete the acquisition of the BNG Shallows?
Clock ticking down to long stop 28 Feb 2025, will AR request a further time extension from Caspian Sunrise? |
Jo yes indeed
I'd be surprised to see price breaking out to the upside without a positive RNS statement
Too many false dawns unfortunately, most investors will be reluctant to add at >3.2p
Usual retrace coming later this afternoon unless Clive springs an intra day update on us ;-) |
X2
28 Feb 25 is current long stop date for BNG Shallows sale to AR
Only 14 days away
Agree with your last posting saying licence renewal/s has a bigger impact on share price direction than if the sale completes or not
If licence renewal process demands big up front Social payments then maybe the sale needs to complete to free up cash to make the payments
I guess the current value of Airshagyl is dramatically different with a 25yr production licence...paying $?m upfront to secure something which is instantly worth say 10x more with the licence and also attractive to someone like Chevron or KMG who have the expertise for getting oil out of the ground |
highest trade since 21st November - exciting times |
NN,Tokayev is walking the diplomatic tightrope between west and east. Too many mineral and oil reserves shared by the big 3 and as you say, it would be WW3. |
China and Kaz
Yes X2, Russia makes a move on Kaz and we have just entered WW3 and armageddon! |
US ties with Kazakhstan
Will be interesting to see an updated version of this report after Trump has been in power for 12 months |
Which US oil giants ? Chevron & Exxin in the elephant fields ie Tengiz, Kashagan, Karachaganak etc. not just US but Chinese, Russian and European interests. China have huge interests in Kaz and I'm sure they're going to sit on the sidelines with the US .If Russia had designs on taking the FSU and Baltic states, Caspian would be the last thing you need worry about ! |
Thanks Credock
Intetesting take on where 'war' might go next? Link to article here for sake of transparency
I'll leave X2 to come back to you with his thoughts on current US involvement in Kaz etc.
Mark Almond background |
Norm, it was by a reporter called Mark Almond, not thev singer LOL.As he stated the wars cant stop because Russia relies on it nowdays. Its their main income.He said they will end up with 20 per cent of Ukraine and us idiots will be paying soldiers to protect the border.Russias next targets will be oil fields in Kaz and Azer plus the Countries of Estonia, Latvia and Lithuania. Trump wont give two hoots about any of that. Where is the USA involvement in the Oil fields EX ? |
Stopped working again!
Credock
Post the link to the story you mention here, I'd love to read it in full
Russia has massive natural resources of its own which would last 1000 years so I suspect they don't need poxy kaz resources anytime soon!
Russian natural resources valued at
$75 trillion in 2021,
probably >$100 trillion in 2025 |
Seize Kaz oilfields....lol. That is nonsense as the US are involved in all the big fields !! |
We all know that Russia is now a Militarised Country and the economy cant survive without war. So some sort of war will carry on even with a Ukraine ceasefire. The mail has reported today it will probably be a seize of Kazakhstan and Azerbaijan Oil fields. Where would that that leave us ??? Any ideas anyone. |
BNG Airshagyl Deep Structure
Reserve update 49mbs
12 month extension to existing appraisal licence to allow progression of application for 25yr production licence
If BNG Shallows has 24mbs left and is valued at $88m by AR offer
Is Airshagyl deep structure worth at least $176m assuming a couple of deeps flowing commercially and a 25yr production licence in place
Worth 6p per share in addition to the 3.9p for the Shallows
Ignores the possibility of reserves at Airshagyl being 4x this number as outlined in the Zeus investor presentaion
How much in Yelemes deep structure?
What is the true value of Caspian Explorer and the oil trading business?
Then I remind myself the assets are managed by serial disappointers who have poor communication skills and I wake up from the 42p a share dream ;-) |
3p to sell £10,000 worth! - exciting times |
Amazing how time flies, it's already 8 months since Clive told us the reserve update for Yelemes Deep Structure was underway, tick tock! |
OPEC sees steady growth in oil demand for 2025 and into 2026 |
X
it appears that a boffin at ADVFN has flicked a switch and I am no longer getting deleted on TBs BB;-) |
Looks like the needless war is close to ending....Trump just off the phone with his best bud Putin...Russian sanctions begin to be lifted as part of the peace deal and as early as Summer 2025?
Perhaps we need to reconsider if we are getting best value from the BNG Shallows sale...if we are going back to international oil prices then the WHI 2022 valuation of $200m is a much better target exit price for CASP;-) |
That's weird NN ?? Just got to push ADVFN but surprisingly they work more efficiently with paying subscribers ;). Delete the app completely and reload ? Create a new identity NN2025 :)Thanks for the article. Will the deal happen ? If it doesn't then our Casper just plod on with MJF knowing that the end of the Ukraine war is a possibility and the likelihood of the return to non sanctioned international prices. I'm more concerned re the licence awards and will feel a lot happier when they're in the bag. Kaz is a corrupt society and a very small % of the population ie the elite families, own the majority of wealth. The deal can't drag on much longer without them highlighting the true position. What's stalling it ? Meanwhile Casper are earning interest whilst engaging in minimal operational activity so their financial position should be very healthy. West Shalva did needs to be announce too so we should see a detailed update by end month/early March. |
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