Caspian Sunrise Share Discussion Threads

[xclusive2] 05/5/2017 06:23

Jonny raises a valid point but I have a belief that a deal will be done re future exploration.The current P2 at 29mb is only from the shallows and 3 deeps are obviously the key to securing a 29 or 49 year licence. The owners are Kazakhs, they are supplying the local market with cheap oil at $10, oil traders are winning and taxation benefit back to government. I don't believe that the Kazakh authorities will introduce new licencee, I believe that some horse trading to be done, maybe another extension ? maybe % of future oil revenues part of any deal ?One thing is for sure, the deeps are critical to us all getting a proper return and the clock is ticking. A5 has been a saga, A6 another testing Vick up and 801, planning another work over. Carvers commentary is very bullish but words won't get us there, it's now time to deliver and our destiny will be known in the very near term.Smarty

[togglebrush] 05/5/2017 05:36

Re ngms27
'

‘
Devalued Currency___ Slide 4
US$1 = 338 Tenge (US$1 = 150 Tenge before Feb 2014 )
‘
Shallow Wells___ Slide 8
Drilling costs circa US$1.3m per well
‘
Deep Wells___ Slide 9
Drilling costs circa US$8-­‐10m per well

[ngms27] 04/5/2017 17:24

So it's drill and discover by then or the next licensee will. However I don't 100% rule out CASP doing this but didn't it cost $100m first time round?

[ngms27] 04/5/2017 17:22

I'd check RXP RNS's and presentations if I were you as I believe they have always suggested June 2018 is the hardstop date when the license becomes a production license and thus exploration ceases.

[xclusive2] 04/5/2017 14:16

Nice to see punters making money on HUR, me included, thanks Control ?No news, just the expectation of the CPR.C'mon Clive, time to reward my commitment to the cause and not to have shifted the lot into HUR at 34p.

[johngaz] 04/5/2017 09:25

Again another small buy ?? £98.40p it's been a long time (many months) since such small buys appeard.??? Hint hint(maybe). Let's see. :0) G/LUCK.

[johngaz] 04/5/2017 08:37

(18)shares bought for £1.94 and share price moves up 1/2p ??? This is a strange share. ??? Wonder what will happen when/if news is good and large buy amounts start flying in ??? Probably drop like a stone (LOL) TICK TOCK TICK TOCK.NEARLY THERE. GOODLUCK ALL.

[johngaz] 03/5/2017 14:56

(X2) appoliges to you matey. You know what they say... one jonny is good but with two you'll allways be one jump ahead. Hahaha :0) goodluck.

[xclusive2] 03/5/2017 14:48

JG,

You're not the Jonny I was referring to. NGMS27 is our resident happy camper, fondly known as Jonny.

Smarty

[johngaz] 03/5/2017 13:52

CHEEKY CHAPPY(X2) is correct ref the P2 targets. But regardless of some days being wasted ?? All things come to those who wait and you know (X2)this cannot be rushed. Goodluck.

[xclusive2] 03/5/2017 13:00

They will be renewed, our Jonny is being a little mischievous. They have P2 targets to meet which will affect the production licence term, that's why every day not drilling a deep is a wasted day. Need good news followed by funding and then onto A7 etc.

Tick, tock.

Smarty

[johngaz] 03/5/2017 12:57

(Ref) renewel of exploration licence . The BNG licence was extended on June 2015 until June 2018 on condition that 2x shallows and 1x deep wells are drilled before the next licence renewal June 2018. And also ( ON CONDITION ) that any oil produced from exploration at BNG must be sold on the domestic Kazakh market and the oil price will be much lower than international prices. That price has risen from $10 to $16 at this moment in time. It's been renewed on conditions (SO) why would they not renew on June 2018 when all conditions have been met. (IMO). GOODLUCK.

[timberwolf3] 03/5/2017 12:34

ngms - One of the advantages of being largely Kaz owned is licensing and regulatory issues shouldn't be a problem.

[ngms27] 03/5/2017 12:07

Only problem being exploration license expiry...

[johngaz] 03/5/2017 09:48

Just to remind ourselfs......baverstock approved by shareholders. Kazakh gov need to approve merger. We will have 99% of bang flagship asset. It will be under caspian control. No dept apart from money owed to the local oil traders making caspian essentially debt free. Have total control of over the time period to develop BNG . Caspian has interests in MUNAILY and BEIBERS areas. 20 wells being checked by another company on a free drill program with a 50/50 share of any oil removed from these wells. BNG area has 1,702 square kilometres and 1,376 3D Seismic already done in 2009/10. 2016 the contract area was extended by another 140.6 square kilometres to the northeast of the block. So the area is now 1,702 sqr kilometres. The region is highly successful with regards to oil production. It is only 40 kilometers from the very large TENGIZ oil field. Shallow well costs are around $1.5 million and take around 12 months to redeem and that's $16 a barrel if a well is successful at approx 600 bopd . Deep wells cost up to $15 million and again if successful and with a higher quality oil being extracted would get a premium price on the open market. Clive has already said in the interviews that the deeps could produce 2000/3000 bopd. The shallow prospects alone will make caspian a success BUT the deep wells success will increase the reserves to another level IF extraction is successful. South Yelemes structure has been re-entered and includes wells 805,806,807, . MJF HAS 3xwells producing around 1,150 bopd. New structure well 808 reached total depth with NO Incident. As you can see from above caspian have been successful as an oil and exploration company and slow and steady working on the success of the wells is fine by me. The oil has been there for a very long time and wii be extracted very soon (according to Clive,s interviews) and I have NO reason to doubt the mans word. It will take as long as it takes. There are investors who have been here a long time and stuck by the ups and downs. I have only been invested in caspian since Feb/2017 and only invest in something I think is a game changer (and profit is profit) ANY good News regarding the deeps and caspian will be a total transformational oil company on everyone's radar. Hope this post is helpful . And GOODLUCK TO ALL.

[johngaz] 03/5/2017 05:31

(Hallow) kick away matey LOL NO PAIN NO GAIN. HAHAHA. G/LUCK.

[hallow] 02/5/2017 20:41

johngaz

I can kick you in the nuts for free if you want.


Quote

Work on the company's deeper lying targets could yield spectacular results.

[johngaz] 02/5/2017 19:24

(Halo) each time I watch clives interviews I feel even more confident in caspian. Let's hope caspian dont turn round and kick us in the nuts. G/LUCK

[dipla] 02/5/2017 18:03

When in another few years! Surprised price has dropped below 10p still no concrete news from CC

[hallow] 02/5/2017 17:59

Don't forget this following sentence the return with CASP could be very significant




Work on the company's deeper lying targets could yield spectacular results.

[johngaz] 02/5/2017 15:20

Dino78 on lse posted the exact post you just posted. ??? COPYCAT :0)

[oshy92] 02/5/2017 15:05

Afternoon. Couple of TV clips with Clive Carver of Caspian:

www.fmp-tv.co.uk/company/caspian-sunrise-plc-investors-news-and-videos/

[johngaz] 02/5/2017 08:57

(MAXIM 1999)this could rise and you may struggle to sell at 20p unless you mark your sell amount to catch that price. Any hint of good news would more than likely move it past 20p very quickly. Of course the opposite could happen as well. BUT you have to be in it to win it. (IMO) G/LUCK with your investment.

[johngaz] 02/5/2017 08:45

I remember the same thing when I held a good amount of GKP shares at 50p. The news being released was minimal at times and long term investors were climbing the walls(myself included) then out of the blue the long awaited RNS appeared and all hell broke loose and the rise started. I jumped ship at £3 making a great gain. I'm not saying this will do th same BUT if the deep wells come on line and start producing 2000/3000 bod. It will most definitely be a game changer for the share price and for casp that's for sure. The next RNS could appear out of the blue and a lot of waiting investors may well get locked out it's not if BUT when (IMO). G/LUCK ALL.

[konil] 02/5/2017 08:00

maxim, given the variety and scale of news expected the initial rise and subsequent waves are even more difficult to predict than usual.

biggest rewards will be to those who hold on from these levels and having waited so long i'd kick myself for selling too soon.

if all deeps come in its entirely possible to see this in £s but would need patience while reserves are proved. not sure i'd have the sort of discipline required not to sell while that's going on.

your initial exit point seems low, but a profit is a profit as they say.