Caspian Sunrise Share Discussion Threads

[maxim1999] 25/6/2018 18:28

For fear of having rotten fruit thrown at me , they apparently said at the AGM with in 2 weeks for 801. So not one that would taken us till tomorrow, but 2 , so that takes us end of this week up until the 2nd July . So I am guessing nothing tomorrow. They would not have had the results of 801 at the AGM. All to play for.

[xclusive2] 25/6/2018 18:17

K,If it's news tomorrow, it won't be good if it's 801 as I believe they'd have communicated it last week at AGM.S

[roy1982] 25/6/2018 17:19

Clive does not do positive RNS's try the Carlsberg thread

[billybankrupt] 25/6/2018 15:47

Respect for your optimismLet's hope your right as this is a long flat spell

[bullinachinashop3] 25/6/2018 15:34

have a look at the chart prior to the A5 announcement of a 3900 bopd flow, and subsequent intra day spike to 18p. This pattern is identical, only bigger.

[konil] 25/6/2018 14:26

if we do, and its a good one, this certainly is a tight ship!

[bullinachinashop3] 25/6/2018 14:21

anyone else have a suspicion we may get an update tomorrow morning?

[togglebrush] 25/6/2018 12:20

Single shares are possibly paper proof of prices for Off Market Deals required for tax purposes (in some country) maybe part of the 3A Best Manoeuvres ??? Just a guess as they happened in the major Kazak Capital Tax change dealings in the Autumn 2017 following the Merger where they were also seen.

[control1] 25/6/2018 12:11

3 single share trades now, wot go on...??!!

[timberwolf3] 25/6/2018 11:19

I still believe CASP will go down the RBL route with regard to funding a pipeline.

[hallow] 25/6/2018 10:16

dipla

Market is down 68 points.

[dipla] 25/6/2018 10:12

not looking good here, dropping and volume is low

[hallow] 25/6/2018 09:40

1 share bought it's another sign.

All pile in.

[spangle93] 25/6/2018 09:35

I think the unspoken question isn't whether they "have the ability to" sell at world prices, but when they will achieve it. I can't believe in Kaz it's as simple as July 1, hello world.
Or maybe I'm seeing ghosts because I've just been here too long, and it really is straightforward

[togglebrush] 25/6/2018 09:23

Re Spangle93 : Plan is there but currently there is no margin to pay for it out of cash flow
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Gross Margin Diddly Squat … Production is paid for by forward sales payment by Oil Traders
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From next week provided all licences agreed the “From July 2018 we have the ability to sell at world prices less tax/extraction and delivery costs (net $40 to 45) Presentation 1st February 2018 slide 14
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Presentation 1st February 2018 slide 29
We will need:
▪  Pipeline
▪  Treatment works
▪  Storage

Estimated spend for 2018/19 $40m
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So sell a million barrels plus and in 400 days at current production you could have the cash. But this relies on Oil Traders and current terms etc
'
A bridge is needed for the cash flow gap which with one deep would half gap to 200 days. Raising finance in the market could close it in the quick time BUT they are reluctant to raise money in the Market. Hence a rather messy situation continues. If we get the OIL how do we get it to market at the right price. ???

[xclusive2] 25/6/2018 09:04

Spangle,They were talking about $40m for infrastructure costs ie pipeline, I believe it was dollars.Yep, getting it out of the ground is definitely their issue !! If 801 has been lined then I'd have thought the time to get flowing should've been quick ? Didn't get to TD so you can see that I'm a little concerned but hey ho, why would I think anything else after 11 years.

[spangle93] 25/6/2018 08:51

Togglebrush - "Distributing an increasing amount oil to market maybe causing as many problems for CASP as finding the oil. May foretell a need to raise finance by the company"

I don't think they have trouble finding it - it's the getting it out of the ground bit that they stumble over...

A pipeline has to be the ultimate solution - it obviates the need for tankers, gets round seasonal access problems, and shouldn't cost the earth: it's hardly prime farmland

[hallow] 25/6/2018 08:29

1 share bought it's a sign.

All pile in.

[togglebrush] 23/6/2018 09:00

X2 … Traders view is probably that "with a pipeline to existing oil separation facilities and close to the CPC export pipeline" there is no noses to cut off or faces to spite (No need for Tankers and Goodbye to a long relationship.). Therefore diplomacy required.
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For scale see RNS 14 Dec 2017 … Tanker work loads needed with a Deep Well
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Deep Well A5
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For 15 days before the formal start of the 90-day flow test the well flowed at the rate of approximately 3,800 bopd using a 10 mm choke………….. equals 19 Tanker loads per day
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My guess is that Oil Trader would be unable to cope on a continuous basis without getting extra Tankers, Drivers, and Finance to forward purchase the Oil. This would require a large increase in his finances and a long term contract. A financial house would quickly point out that obvious solution is for CASP to build a short pipeline and say NO to providing Finance.
'
Distributing an increasing amount oil to market maybe causing as many problems for CASP as finding the oil. May foretell a need to raise finance by the company.

[xclusive2] 22/6/2018 09:58

Toggle,Don't know the distribution infrastructure but I'm sure Kazakhs won't be cutting their noses off to spite their faces. The traders will see Casper as a possible major producer and I'm sure that they won't want to lose the business. I'd assume that the distribution element is part of the oil sales agreement, maybe even part of their business. I'm sure they're managing the distribution chain.S

[togglebrush] 22/6/2018 09:41

One problem which has been discussed around the New Year was the ability to handle Oil from increased production. The words “tankers”; and “pipeline̶1; appear in the notes from the AGM.
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One tanker load is 200 brls. This time last year production was 6 tanker loads per day and by Christmas that had risen to 12 tanker loads per day. Then we had a deep behaving like a gusher which would have needed another 12 tanker loads per day and probably over stretched local storage. In addition “oil traders” probably provided the tankers etc. “Oil Traders” also provided the finance for operations.

'Annual report 14th May 2018: extract:-
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“the Group continues to forward sell its production and receive advances from oil traders as part of its operations. The continued availability of such arrangements are important to working capital and, in the event the Group was unable to continue to access these arrangements additional funding would be required”
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? can Oil Traders supply___________Tankers
? can Oil Traders supply___________Drivers
? can Oil Traders supply necessary_Finance and why would they with a Pipeline under discussion and death of their current cash flow ???'
Not an impossible problem but with rejection of raising capital in London, as suggested in discussions at the AGM, this needs careful handling on site. It may be the delay in raising production.

[xclusive2] 22/6/2018 07:06

Maxim,Not shooting you but was the broker WHI ?

[control1] 21/6/2018 23:42

Bloody hope your contact is right maxim as I had to sell some of my JAY to get back in here (which I am not too happy about). You in JAY yet Smarty...?

[maxim1999] 21/6/2018 11:13

Spoke to a broker attendee from the meeting. Carver said 801 test result due in no more than 2 weeks. Pipes and mud then move to A5 and A6. Results from them due in 1 month and 6 Weeks consecutively. CPR due Q3.As always don't shoot the messenger when the co miss on all / some of this.So if the shallows underpin the share price to say 8p. And we have upside to say 32p on the deeps. Then you basically need 3 fails on the deeps to lose money ???!