Caspian Sunrise Share Discussion Threads

[togglebrush] 24/7/2018 06:53

Re Hornetsting 4587
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I believe things have altered … See RNS 27 October 2017… changes to licence agreements extract below
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Caspian Sunrise is therefore delighted to announce its early agreement with the Kazakh regulatory authorities to extend the whole of its licence at BNG on an appraisal basis for a further six years effective from June 2018 with the opportunity from that date to apply to convert individual structures to full production status at the Company's timing.
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The ability to elect the timing of when to apply for different structures to move to full production status will allow the Company to manage the move from appraisal to production on a structure by structure basis rather than for the Contract Area as a whole.

[hornetsting] 23/7/2018 16:55

Access to export oil markets only comes with a production contract in Kz, this is negotiated after a full field development approval, which is approved after the Field reserves are approved by the State. If The company can avoid this bureaucratic process to get export prices then it would be impressive!

[control1] 23/7/2018 16:32

241k bought in the last 2 hours but no reaction yet we were up on NO trades early doors....???

[togglebrush] 23/7/2018 13:30

A view on positive news may be controlled due to completion of 3ABest which is being done at a fixed price. A similar routine happened before the Baverstock merger. It may be that back room support is being made to maintain the share price at or around the 9.5pence share price. This to support the large number of Kazak shareholders came with that merger and may be involved in 3ABest. Hence no drop in price is seen.

The Baverstock merger was delayed due to getting the government in Kazakhstan approval. A suggestion was also made that the International Oil price agreement would be Free and not subject to charge was due shortly. It possible that the office are playing a waiting game to a achieve the Free agreement to International prices or are frustrated by bureaucratic red tape.

I would suggest that it not only at the Well head that there maybe troubles but a more complex hand of interactive cards. KO is being careful not to show one card which may effect the rest of his hand of cards. IMHO

Simplified hand of cards

At the Well head
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Shallow Wells__ Cash Flow needed and require Licence for Inter Prices
Deep Well exploration ___ Key to success in medium term __ any report moves stock
3ABest ___________________ Licence Required to complete
OIL Traders ______________ Their finance still required __ keep happy
Government _______________ Fees and Taxes required ___ wait for Free Inter Pr
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Office handling Stockholders
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Inner Circle (some 70%)______________ Neutral at moment
EX Baverstock & 3ABEST some (12%) ___ Need Share price right
Possible 17% London based _____ Need News to move share price

[dipla] 23/7/2018 13:00

even still we should get an update either way. good or bad! just bad comms!

[xclusive2] 23/7/2018 12:54

Dipla,

I wrote 801 off some time ago and if poor news, the share price will retrace but not much imo and will bounce as peeps pick up stock knowing that A5,A6,MJF,3ABest,Production licence are all to come. 2 months since announcing a positive 801 rns so obviously they've had problems getting it to flow.

Smarty

[dipla] 23/7/2018 11:48

hoping its not a duster like MAX / or Leni

[hallow] 23/7/2018 11:42

No news since 29/05 in a period in which we were promised increased news flow.

What on earth is happening here. Must be some news due this week of some sorts but who knows.

[dipla] 23/7/2018 11:29

surely the price would drop, seeing as we not getting any news

[control1] 23/7/2018 08:22

Another week, still nothing...

I looked up Yellow Jersey PR, one of the top 3 PR agencies apparently. Their headline statement is as under:-

REPUTATION MATTERS

Our clients trust us to help them cut through and connect. Finding their story and telling it in the right voice. We excel in helping organisations do this, building and protecting corporate reputations – be it customers, investors, employees, industry or government regulators.


Oh the irony....

Your time at Caspian is coming to an end Mr Carver...

[togglebrush] 22/7/2018 09:00

Trading Volumes are in the Doldrums with No news or medium term vision. All the big holders are sitting on their positions awaiting the ACTION to come.
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For example in 3 week periods
AFTER THE MERGER average daily volume was 299,353 (5th to 23rd Jun 2017)
LAST three weeks average daily volume was 277,132
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Expected Daily Trading volume following merger was roughly 1,100,000
but Stats of Daily Trading since the merge to date give:-
Q3___________1,054,592
Median_________464,795
Q1_____________204,295
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If and when ACTION begins it can be HOT. Based on post merger performance with the usual warnings...
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One in a Hundred day volume 8,936,652 with prices c 13.25p
maximum volume 55,050,444 (22 Nov 2017) with max prices c 17.25p

[maxim1999] 19/7/2018 20:56

I have never met CC but I have seen a picture . "Yond Cassius has a lean and hungry look, let me have men about me......"

[hallow] 19/7/2018 20:25

Caspian Sunrise doing as poorly as Ascent Resources Clive's other company.

[xclusive2] 19/7/2018 16:55

It's not a bottom drawer share yet but the lack of communication makes it feel as it is. Sitting on a sea of black gold but lacking the skill level to get it out. I mustn't be too harsh as Sinopec did the original work at 801 and fared no better. Tengiz took forever to overcome the challenges but they had the additional H2S to deal with.

We may finally realise that these deeps may need numerous attempts to make successful as dealing with the heat and pressure is obviously difficult. If 801 is another failure, they'll have to wait to build cash flow from MJF and maybe enlist the expertise needed to handle the challenge.

I've already written off 801, i did that some time ago but i suspect A5 and A6 could be the same as setting casing to TD has obviously been the biggest challenge and no lining = high chance of blockage.
As i keep saying, as long as MJF next update is a positive one, there's little risk of a retrace. I want to see the conclusive outcome of the current 3 wells but it's very tempting to move some elsewhere ie SXX & HUR as i believe they continue the trend north and have reliable boards !! Casper on the other hand has the opp to go multibagging this year but are they up to the task ?

Tick, tock.

Smarty

[roy1982] 19/7/2018 12:54

how time flies and HOW CLIVE LIES.

[hallow] 19/7/2018 11:33

1 year and 14 weeks after Clive's epic statement,


we're sitting on something pretty special,


we still haven't been told anything.


How time flies !

[konil] 19/7/2018 11:14

good spot toggle.

[togglebrush] 19/7/2018 10:54

FWIW Caspian Sunrise is quite a family business
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At the end of Annual Report 14 May 2018 after all the loans etc attributed to KO you find his interests in the drilling services
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26.3 Purchases
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During 2017 the Group had not purchased drilling services from the related party STK Geo LLP, the company registered in Kazakhstan, which is owned by a member of Kuat Oraziman's family (2016: US$4.4 million).
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During 2017 the Group had purchased drilling services from the related party KazSmartEnerKon LLP, a company registered in Kazakhstan, which is owned by Kuat Oraziman, in the amount of US$ 4.6 million (2016: US$2 million).

[63frank] 19/7/2018 09:50

Just downloaded "Caspian IR" powered by brighter IR Co., and it shows share price, chart, rns, and more but not many. I was expected to see RNS this week, hopefully tuesday or today, but it did not happened. In my memory, Roxi and even CASP never gave us good news if they delayed the time mentioned. After AGM, some of shareholders attended posted that they were told from Carver an update for 801 would be within two weeks, and already passed 4 weeks! I am not sure whether Carver said wrong or the shareholders attended heard wrong, who knows. Also, I saw the some note that Carver said that the company will not release rns at regular time, but give the news when they have something to report. If that is true, the company and Carver did not make any progress for deep or even shallow for almost two months. Mr. Cliar, Do you really meant this?

[maxim1999] 19/7/2018 09:32

I think it's wrong to blame CC, he may be useless in his own right, but he is only the messenger , passing on the message generated by the drilling team etc. That is where the problems lie. Poor decision making on size of drill rig , which team was employed, viscosity of mud deployed etc. This is where the success or failure of the company.

[togglebrush] 19/7/2018 07:10

Website seems to me to have been given a reformation and now adds IR APPS. I don't use Website very often so I could be wrong.

[sue999] 19/7/2018 06:51

well, I had a dream that I sold my shares for 38p. Hope it comes true and does not stay a dream.