Caspian Sunrise Share Discussion Threads

[flawlesskicks] 13/9/2018 11:24

roy1982 - 801 was being acid cleaned 6 weeks ago. Clive's final comment to us was "We look forward to making further reports as soon as reliable additional information is available." By this, he means, we will flow the well and once we know what we are dealing with, we will inform the market. For all we know, 801 has been flowing for weeks already as "We are at the final stages of the complex operation to get Deep Well 801 to flow and we remain confident of a positive outcome". A5 has already flowed 3,800bopd. We have been told that under flow test, we are looking at around 4,000bopd. A6, re-complete down hole and re-perf the well for another 4,000bopd - although this is unlikely to happen this year. This is more because we have a lack of transport capacity than anything else so I can't imagine the company will be rushing to have this sorted during the Winter months. However, apart from the 7 month delay that Clive has told us about - all is still on track. Nothing negative has come from the company and we all know where we are. If anyone can think of another AIM oil company that has land wells able to produce 4,000bopd - please do tell me. Otherwise, we all just need to wait patiently for CASP to turn into the monster company we know it will. Imo 25p is achievable this year - possibly more. The REAL rewards will come in 2020/2021 when we have $360million free cash flow and the majors are chasing us for a buyout.

[bullinachinashop3] 13/9/2018 10:37

over to you FK...

[bullinachinashop3] 13/9/2018 09:56

Hallow - who knows! wishful thinking?

[hallow] 13/9/2018 09:54

Caspian Sunrise - CASP


1 year and 22 weeks after Clive's epic statement, ( yes that's 1 year 5 months 2 weeks)


we're sitting on something pretty special,


we still haven't been told anything.


How time flies !

[hallow] 13/9/2018 09:47

Perhaps the company know what they sitting on and are trying to sell Caspian Sunrise to the highest bidder hence the delay.

[bullinachinashop3] 13/9/2018 09:35

really suprised this morning, whats going on hey!!?!? could that surge of interest been good news on the background? 801 running , A5 manuovers. I guess we will find out at some point in time! But WHEN!

[flawlesskicks] 13/9/2018 09:26

50k chunk buyer in the market. Could this be the reason the price has bounced? They certainly seemed to be looking for stock the past few days and now 4 x 50k purchases since the initial rise? Good sign that they are continuing this morning imo.

[flawlesskicks] 13/9/2018 09:17

x2 - Clive stated that CASP are running 7 months behind after the cold Winter. In the November presentation, they were looking at having 801 ready perhaps in Q1 2018 - so 7 months from then is about now. A5 has taken a back seat as they didn't want to make the same mistake as on A6 and rush things before testing the well. We all know how that panned out! If they had just left the rig at A6, it would have been flowing over a year ago! This may seem like the long way of going about things but due to previous experiences, I think it is less costly for the co. to do one at a time and complete CAREFULLY before moving on to the next. I would say we are on track to deliver 801 followed by A5 (not a huge amount of work to do there) and then A6 in the Spring. The end result will be three flowing wells. A further delay is only a delay of the inevitable. The production plan sees us with free cash of around $360million in 2021...we all know that is well worth waiting for! The dividends could end up being 50% of the current share price!

[xclusive2] 13/9/2018 09:06

Buzzzz,....lol. invaded by LSE or should i say FK.FK, You're wearing your Bullish hat, nowt wrong with that as the opportunity is there but can Casper bring it home, history to date says NO.Anybody investing here needs to read the RNS history from 2007 but please make sure sharp objects are out of reach ! A degree in Carverspeak also needed to decipher contradiction and mis-communication. Maybe our Clive is related to our Donald, similar hair colour.Serial disappointers to date but after 11 years I'm still waiting for that first commercial deep. Anybody reading the Q4 IP, sorry revised IP, will see how much this mob has disappointed over last year.Interims were out 28/9 and 21/9, last 2 years so im hoping they"ll be released w/c 27/9, giving them another week to issue the Blockbuster RNS !!No more Carverspeak Clive, time for that special Ronseal RNS youve promised us over and over.As ever, tick, tock.Smarty

[flawlesskicks] 13/9/2018 08:10

Steve - Thanks. I don't think they will do it. Better that I am not on LSE mate. I am sick of the posters on there in general.

[flawlesskicks] 13/9/2018 08:09

Buzzzzzz....just me! You will need to get used to it unfortunately.

[buzzzzzzzz] 13/9/2018 08:07

Just logged on and got extremely excited...50 posts....must be RNS

BUT NO!!!!!!

New poster in town!

[steveh8] 13/9/2018 08:03

Just sent an email to LSE Flawless to try and get you back on. Steve777

[flawlesskicks] 13/9/2018 07:48

captainfatcat - eventually, groundhogday ended and they lived happily ever after. Things won't be the same forever here. All three deeps being worked on NOW.

[captainfatcat] 13/9/2018 07:43

Ever time I look in for old times sake it feels like ground hog day.

[dipla] 13/9/2018 07:12

no news.....another day goes by

[flawlesskicks] 13/9/2018 05:14

Control1 - I have no problem with people being negative on CASP and Clive when he writes 'poorly drafted rns announcements' as he put it. What I do hate is that, as someone with a positive view, I am constantly on the defensive over there. I know that certain people are trading the range and changing their tune according to their book position (CoffeeCups and others). As I have a holding of almost 2 million shares, it does annoy me so best to leave them to it. I've always seen the potential for CASP to surpass £1 and that is the goal here. Happy to wait another 2-3 years if needed but I hope things will start to move now.

[hotdeal] 12/9/2018 23:50

Control

Yes I was not a clue Why it was so long ago I had hair
Think Steelwatch was related to Putin

[spangle93] 12/9/2018 22:57

I hope after the rise to the close, you're all appreciating my selfless gesture.

If you happen to pass by the Discount Store in the semi-deserted suburban shopping mall and you see a dishevelled figure with a board that says "I was like you until I found Roxi", please say hello.

[flawlesskicks] 12/9/2018 18:59

Lovely double bottom and bounce on the chart. Sets us up very well for tomorrow. It will be very interesting to see if we get that rns in the morning.