Caspian Sunrise Share Discussion Threads

[maxim1999] 06/8/2018 15:02

No better bull signal for a stock than director purchases. Let's hope this gets some publicity around the market.

[buzzzzzzzz] 06/8/2018 14:09

Great to see a Director buying a substantial amount!

Patience required I'm afraid.

[trek3] 06/8/2018 13:59

nice buy indeed, there was a 2mil trade went through
the day before he bought, there was speculation on this
board as to whether it was a buy, I personally think it
was. I think at last they are getting to grips with a
difficult drill.

[scoobydoo99] 06/8/2018 12:27

Nice director buy @ 10.25p :)

[maxim1999] 06/8/2018 10:35

I guess I was not trying to defend CC so much as remind ourselves its the decisions and quality of the work out in Kazakhstan that is the root of our disappointment. Another mindless week ahead of us I assume .

[hotdeal] 03/8/2018 20:48

We've all been here so long Dementia is starting to form with most of us

[buzzzzzzzz] 03/8/2018 10:20

Hallow

Stop your petty whinging repetitive posts it's so boooooooooooooooooring!

[hallow] 03/8/2018 08:28

Caspian Sunrise - CASP

1 year and 16 weeks after Clive's epic statement, (1 year 4 months)


we're sitting on something pretty special,


we still haven't been told anything.


How time flies !

[togglebrush] 02/8/2018 15:04

More RNS's are possible before 20th Sep, date when 2017 Interims were posted.

[scoobydoo99] 02/8/2018 12:59

Konil - my thought are very similar to yours.

I got the impression the layest RNS was rushed - someone (maybe us?) has finally got through to Carver to ask WTF is going on.

A full update on all operations must due, they need to get into a routine of regular updates from the shallow wells if they're to be taken seriously.

[konil] 02/8/2018 12:39

casp rns's - inaccurate, incomplete, contradictory, confusing, over-optimistic is how i would describe it and therefore misleading, yes, but giving benefit of doubt, perhaps not intentionally so. oil explo has many hurdles and unforseen problems towards the end goal, so 'lying' is perhaps too strong?

i fully agree about "responsibility to the shareholders" but as the main shareholders are also mostly management/insiders they already know the status, so communicating with the 'inconsequential' 19% takes a back seat i guess - however, that does not excuse their poor record in this regard.

i would like to know about the production licence, progress on shallow ops and 3abest deal - these are not inconsequential matters, so they should report on these, news is overdue.

regardless of their poor ir, with no debt and seemingly fantastic assets on which they have spent tens of millions developing towards monetisation, casp remains a strong candidate for multibaggong from here on shallows alone, deeps add a turbocharge to that.

[xclusive2] 02/8/2018 12:21

Maxim,Have to agree with our Roy. He's the CEO and responsible for the RNS content. After reading the contradiction over time, you'd u understand why. He's getting paid handsomely to be the Western money man.He can t control the drill bit but he can report accurately, he doesn't!Only good thing is that they're taking a non dilutive approach to business, one of the reasons I stay invested.

[roy1982] 02/8/2018 12:08

m 1999
You say cc is not to blame but he is,anyone with an ounce of self respect would
not put his name to the lying and misleading information that he has for over a decade. Or does he not have a responsibility to the shareholders.

[maxim1999] 02/8/2018 10:38

We have to remind ourselves CC is just the mouthpiece. All news flow on the drilling and progress or otherwise is generated by the Kazakh's in country. Its their ability to execute which is the key driver, and clearly they have made errors around choice of drill rig , mud viscosity , drill teams etc and made very slow headway. I am sure CC could have done a better job on managing investor expectations but he is not to blame for the slow development of the deeps.In the meantime as yet the deeps all remain potentially very rewarding and the shallows are the back stop as it were.I will add though this waiting for real progress is so so boring.

[xclusive2] 02/8/2018 10:01

Anybody who has been invested here knows when we get another chapter of Carverspeak.How can it take 9 weeks to perforated and flow a well ?? Obviously not been cased and when it was, they've had problems handling the heat and pressure again. Sane old story for each well and it's like Groundhog Day.I can't believe that the share price has held up or is holding up and that's probably due to our larger shareholders who are hanging in there.Where's the shallow update ?surely there's something to say ?Doesn't smell right and there's only so much Carvetspeak I can stomach.Smarty

[trek3] 01/8/2018 16:42

480k just went through at 10.25, can`t argue about that.

[bullinachinashop3] 01/8/2018 16:41

nice

16:24:31
10.25
480,000
Buy*
10.00
10.25
49.20k

[control1] 01/8/2018 13:07

Judging by the way the have manipulated today's reporting (the 150k was my SELL),I think the 2.5m trade was also a sell which is what crashed the price Either that or it was an in-house movement that was meaninglessSee you in a month or 2....

[trek3] 01/8/2018 12:53

Someone bought 2.5mil late yesterday, just reported,
paid 10.3, confidence??

[konil] 01/8/2018 12:35

so close to 801 results, we could see some action from (smarty's) oily kazakhs reflected in the share price in coming weeks even before further news. just dreaming...

[konil] 01/8/2018 12:30

the rns is all about the deeps, fair enough because that's how the heading reads. its sort of 'neutral' - no bad news, no good news, snail like progress continues towards end goal for deeps.

what i also want to know is;

1. what has happened to the production licence for the shallows and have they started on new shallow drilling, if not, they are just beginning to slip on the shallow programme. this is (supposedly) the low risk part of the work plan, the drilling is straight forward and quick, the payback is quick, the combined final numbers are big, and in totality its a company maker even without the deeps - so i want to know what's happening here.

2. what is happening with 3abest, deal or no deal, i sense it is consuming much of managment's time and attention, bwdik.

settling back for another long spell of no news, though could be pleasantly surprised by an rns on the two items above.

[cheol9812] 01/8/2018 12:01

RNS Number : 4396P

Caspian Sunrise plc

29 May 2018

Deep Well 801

As previously announced our plan to bring Deep Well 801 into production was by drilling a side track of between 450 - 500 meters from a starting depth of 4,501 meters.

Having identified potential oil bearing (net-pay) intervals covering in aggregate 121 meters so far during the drilling of the side-track, we have decided to stop the side-track at a depth of 4,851 meters and, after running and cementing a 5-inch liner to the full depth of the side-track, to test the well.

Four potentially oil bearing intervals have been identified during drilling and supported by mud log data. The first of 6 meters between 4,535 and 4,541 meters; the second is of 20 meters between 4,554 and 4,694 meters; the third is of 59 meters meters between 4,635 and 4,694 and the fourth is of 36 meters between 4,812 and 4,848 meters.

The pressure in Well 801 remains high indicating good connectivity. As the side-track has been drilled using lower density drilling mud we expect the task of getting the well to flow to allow testing to commence should be easier than previously drilled deep wells.


What's different???

[cheol9812] 01/8/2018 11:48

mjf Shallow Wells Sharp drop in production is similar to shale oil wells.

[investraj] 01/8/2018 10:57

Classic CC no news RNSThey say everything, but they tell you nothingWaiting game continues...