Caspian Sunrise Share Discussion Threads

[togglebrush] 29/3/2018 12:34

X2 I would disagree with your contention, post #4032, that company is running out of money. My assessment is based upon figures below. The current quarter at a full 2,500 bopd should be better than the last quarter. The last quarter of 2018 will have provision for international prices and Deep Well volume which is NOT included below.
'
Six months ended
______________________30-Jun-16_30-Jun-17__31-Dec-17
______________________Unaudited_Unaudited__ GUESS
______________________US$000s___US$000s____US$000s

Revenue___________________896____2,761 ____7,735
Cost of sales____________(907)__(2,760)___(5,520)
‘
Gross Profit/(Loss)_______(11)_______1_____2,215
‘
Share-based payments_____(277)____(313)____(277)
Administrative expenses(1,099)__(1,105)__(1,100)
‘
Operating Profit/Loss__(1,387)__(1,417)_____838
'
A vow of silence seems to be have been taken by our Non Executive Director who is supposed to keep an eye on Shareholders interests ... Earl of Lord of Limerick

[buzzzzzzzz] 29/3/2018 09:12

X2

Mourning....I hope not. LOL

[xclusive2] 29/3/2018 09:00

Thankfully it's moaning and not mourning, YET ! This isn't on the at risk register yet but revenues are declining hence the slowing of operations. If they're really producing 2500 bopd that's only $1.5m and will probably cover their fat salaries.No skin in the game from Carver, about time he gave it that vote of confidence. Don't be silly, are you mad !!

[hallow] 29/3/2018 07:46

A full year later we have no idea of what Clive is sitting on.

'We're sitting on something pretty special', says Caspian Sunrise chairman Clive Carver
Published on 29th Mar 2017

[xclusive2] 28/3/2018 17:08

It is Bull but I won't trust anything until I see the competent person sign off a successful 90day flow test. Maybe they've completed 3ABest deal and spudding a well there ? At circa $240m m/cap, we're overpriced and I'll be happier to pay more when this is derisked and that's not just A5 flowing again. They need to show that MJF is 30mb P2 as currently I'm doubting that statement.Sorting 142 and 146 without further pressure loss on other wells, that would build confidence.Also good that they do have high pressure issues st A5, maybe this bodes well for a higher flow rate ? Financial statement will be interesting too. Good to see buying interest at this level but as always time will tell.

[bullinachinashop3] 28/3/2018 16:32

its possible isn't it x2, very possible indeed. Maybe we will get a decent curates easter egg for a change

[xclusive2] 28/3/2018 16:27

Yep. Could see that market was well bid and some peeps believe in our Casper. Update tomorrow re getting coil tubing permit and 801 update ?

[maxim1999] 28/3/2018 16:15

I know the volume is low but great price action today. Opened unchanged, traded lower and now up on the day!! Tiny bit of good news

[xclusive2] 28/3/2018 13:41

Advfn having a moment. The market is better bid so maybe share price will stabilise from here. I still see a retest of the 9p and maybe a tree shake pre next news as the MM's know that they have time before next episode of Carverspeak. Trading opp coming for those with an appetite for risk.

[xclusive2] 28/3/2018 13:11

Online prices -250k sell @9.26150k buy @ 9.68True mid 9.47p

[xclusive2] 28/3/2018 13:09

Online prices -250k sell @9.26150k buy @ 9.68True mid 9.47p

[xclusive2] 28/3/2018 13:08

Online prices -250k sell @9.26150k buy @ 9.68True mid 9.47p

[hallow] 28/3/2018 11:49

Is the oil field that Gaffney Cline are currently measuring, and the area that Clive Carver says we're sitting on something pretty special the same piece of land.

[sue999] 28/3/2018 11:01

The first RNS says that we need to remove the drilling fluid and the second one says Rock fragments have blocked the liner perforation!! :

14-12-17
Deep Well A5
....
Accordingly, Caspian Sunrise announces a pause to the independent 90-day flow test at Deep Well A5 to allow further drilling fluid to be cleared from the well and from the choke, with a view to materially improving the final result.

19-03-18
Deep Well A5
....
The well was completed open hole with an open ended pre-perforated liner which became obstructed when carbonate rock fragments were transported into the liner due to the high pressures experienced in the well.

[xclusive2] 27/3/2018 16:51

You are correct Hallow, tomorrow is Casper's first birthday. Caspian Sunrise...lol, not quite living up to the new name eh, let's hope we don't become Casper Sunset !More questions than answers currently and the euphoria of A5 flowing high quality oil is ebbing away. If you could trust the info they feed the market then they'd still have credibility, unfortunately markets don't like inconsistency and uncertainty, plenty of it here. MJF was going to be 4000bopd with 146 but now nobody knows what we have with 146 and 142. Also all gone quiet on Yekemes 808, funny that, a bit like Carver agreeing to take questions at last investor presentation, absent !In November coil tubing was being delivered to site and flow test restart in December. Now the story is that they've tried to clean up well with the on-site kit but they need a specialised contractor with coil tubing permit ? Quite simply, inconsistencies everywhere and I have no idea what the real story is. Until they deliver and stop the communication inconsistency, this ain't going anywhere.Looking forward to that next financial statement and all that revenue generation leading to profitability and future dividends..,,lol.Looking forward to renaming our Carverspeak to Ronseal but not holding my breath,

[togglebrush] 27/3/2018 16:45

Extract RNS Number : 0654I Caspian Sunrise plc 19 March 2018
.
“Deep Well A5
'
The permitting required to begin coil tubing operations is expected to be finalized before the end of March and then, subject to clearing the obstruction, we would resume the 90-day flow test. “

[hallow] 27/3/2018 15:30

Not long now Clive until your next incredible blockbusting RNS, related to what you are actually sitting on. It's only been nearly a year since you uttered those words and have said nothing at all since then.( yes in a whole year)

[xclusive2] 27/3/2018 09:05

Good to see buyer(s) appetite at this level. Looking at yesterday's trading, seemed to be more buts than sells or worst case, matched trades. Same this am and I'm really hoping it's an insti accumulating but probably it's a Kazakh(s).

[xclusive2] 26/3/2018 15:31

HD,I stayed with it as the increasing revenues from MJF derisked it but to get the injector well and nodding donkey story was the final straw, pardon the pun. I'm concerned that they have pressure issues and concerned that it's been hyped by Carver. This with A5 made it an easy decision and irritated I didn't dump more at 13p. If you're to believe them, A5 flowed for 15 days, if so, surely they'll get it to flow on test. They wouldn't have started the flow test if they weren't confident so I still remain hopeful of a result on A5. 801 only 4-6 weeks away and maybe the double result will come in.I believe share price consolidated at this level until next news but if the next update is poor, this will retest 6p and it will be a pure punt as sentiment will be shot.If it trades north, we're not being told the full story !

[hiddendepths] 26/3/2018 15:17

Can't say I blame you in the slightest! I think you've had the patience of Job with this one.

[xclusive2] 26/3/2018 14:57

HD,Really got the hump with Casper and not interested in adding until I see the proof we all need that a deep is flowing commercially. I could get REALLY down on this but will sit back and see what happens. The last RNS pushed material news out by 4 weeks and the shallows statement was a worry, next financial statement will reveal the real story.I believe so consolidated at this level but if it did break lower to retest 6p lies, I'd pick up stock as a short term punt and leave the remainder to ride. Got enough stock but feel much happier with some cash on the side.

[hiddendepths] 26/3/2018 14:29

The buyer's back. Smarty, my gut feel is you'll have your chance!

[konil] 26/3/2018 13:57

new dawn?

putting aside my weary, cynical, paranoid mindset about casp, i begin to wonder if management have indeed steered the company to a strong outlook.

the seemingly unending issues with the 3 deeps still not resolved - is it much different elsewhere when drilling at these depths with the associated operational issues? - have a massive negative impact on sentiment and share price behaves accordingly.

but with 3 chances to get a deep sorted and more deep targets to come, where will casp be in say 18 months from now.

i doubt they will achieve anything like the earnings projections in their latest presentation by 2019 but even a 1/4 of that (net $364m), i.e. net $91m, will be a huge achievement.

the big unknown remains the size of p2 reserves that will be booked with deep success(es) and further shallow upgrades.

company value will be based on net earnings, say $91m, plus p2 reserves, say 150mmboe conservatively.

at a pe of say 7 = $637m and p2 at say $7/bbl = 1.1bn, total $1.7b.

assuming the 3abest deal goes through and nosh settles at c. 1.85bn = 92c = 64p.

that's based on what is imo conservative outlook. better operational performance could hit that out of the park.

add in hype on that level of success over next 18 months and who knows where the share price will be.