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CASP Caspian Sunrise Plc

4.00
0.35 (9.59%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Caspian Sunrise Plc LSE:CASP London Ordinary Share GB00B1W0VW36 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.35 9.59% 4.00 3.90 4.10 4.00 3.55 3.65 4,319,664 16:02:38
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 42.95M 9.76M 0.0043 9.30 90.02M
Caspian Sunrise Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker CASP. The last closing price for Caspian Sunrise was 3.65p. Over the last year, Caspian Sunrise shares have traded in a share price range of 2.25p to 7.55p.

Caspian Sunrise currently has 2,250,501,560 shares in issue. The market capitalisation of Caspian Sunrise is £90.02 million. Caspian Sunrise has a price to earnings ratio (PE ratio) of 9.30.

Caspian Sunrise Share Discussion Threads

Showing 5676 to 5698 of 31075 messages
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DateSubjectAuthorDiscuss
08/11/2018
11:24
Looks like the market is intent on getting to the previous low...what a ball ache...well, just get on with it then so we can have the bounce!
flawlesskicks
08/11/2018
09:51
Thanks FLKs
muddy_40
08/11/2018
09:32
Acquisition of 3A Best

SPA signed

Further to the announcement of 31 January 2018, the Company is pleased to confirm that the Sale and Purchase Agreement for the conditional acquisition of 100% of the shares of 3A Best Group JSC ("3A Best") (the "Acquisition") for a consideration of $24 million to be satisfied by the issue of 149,253,732 shares at an issue price of 12p per share has been formally entered into. Completion of the Acquisition is now dependent upon the satisfaction of a number of post signing conditions, including the issuance of a new licence.

Background

3A Best owns a Contract Area of 1,347 sq km located close to the Caspian port city of Aktau in the Mangystau Province of Kazakhstan. The Contract Area is adjacent to and runs under the commercially successful Dunga field, which was discovered in 1966 and developed by Maersk Oil.

Based on an assessment of the geology Caspian Sunrise's technical team believe some of the geological characteristics of the Dunga Contract Area are also present at 3A Best. Additionally they believe the area 2,500 meters and below the Dunga Contract area, which forms part of the 3A Best Contract Area, also indicates the likely presence of oil.

490 sq km of 3D seismic has been shot. 1,327 linear km of 2D has been digitised and reprocessed. C2 reserves, using the Soviet system of classification, of 3.67 million tonnes (approximately 26.8 mbbls) have been assigned to the 3A Best Contract Area.

Two wells have been drilled on the Contract Area in recent years, both encountering water and signs of oil & gas, although neither was commercially successful.

For the year ended 31 December 2016 the loss after tax was $1.4 million.

Caspian Sunrise would, by completing the acquisition of 3A Best, become responsible for the outstanding work programme commitment represented by the drilling of one well to a depth of 3,000 meters at an estimated cost of up to $2 million.

flawlesskicks
08/11/2018
09:27
flawlesskicks

What is the 3AB deal?

muddy_40
08/11/2018
09:23
jw - if you are talking about the company - you could look at it that way. However, they will be taking a longer-term view of the situation. Why pay $6million for something you can get for free?

Why also put yourself in the situation where it looks like you are buying an asset for more shares than required...yes - this is the scam if this is what is happening. It does seem strange that the news flow has slowed in-line with this 3AB purchase. We were full-speed ahead last November - now on go slow...why?? The most obvious thing is that until 3AB is approved by the Kaz government and UK regularors, we will just be getting everything ready for a bonanza Summer rather than slowly releasing news that could make things very complicated for us on a regulatory basis.

flawlesskicks
08/11/2018
09:14
scam alert
johnwalton
08/11/2018
08:38
x2 - the 3AB deal needs to go through at 12p a share - so it would look like they are underpaying if they release deep news that sends the price to 30p+? At this level, all looks nice and clean for the regulators. They are also trying to avoid paying the fees on the new licence by using historic costs and current production to void them out. At the moment - go slow is best for the long term goals of the company until all the approvals are through.

Still, 1750bopd production and the reserves that we have make the current share price very cheap.

flawlesskicks
08/11/2018
08:33
Don't know why they'd keep price down, unless KO wanted double his share allocation from 3a Best deal and more dilution.They are on a go slow until production dough materialised. They're doing what they can without further dilution.
xclusive2
08/11/2018
08:15
X2 142 choke reduced from 7mm to 5mm was producing 280bopd now 90 on the reduced choke setting after cement work.
georgesorearse
08/11/2018
08:00
x2... Was listening to Clive yesterday and he clearly said that they are flowing one horizon at a time for the cpr/new licence. These rates may not be indicative of the total achievable rates...possibly up to 4000bopd. I just get the feeling they are tryingvto keep the price depressed at the moment... Possibly to get the licence and 3ab through without issue?
flawlesskicks
08/11/2018
07:48
The share price has receded along with MJF production, that is the issue. Production from MJF was 1900 without 142 and 146. They were hoping to get 200bopd from 142 and the work over has got it to 90bopd, I don't have the choke detail. They were hoping for 146 to produce at 600bopd like 143 but we'll see what can be achieved. They're currently getting 1500 bond from 141,142,143,144,145 as opposed to 1900 bond earlier in the year. A drop in production by some 20% but I'm not sure of choke as stated. 146 was drilled deeper and was expected to mirror 143 so let's hope that goes well and they can deliver commercial production. Currently averaging 300bopd each from 5 wells and 250 from the Yelemes block.

Even at 90bopd, the well is probably commercial at export rates, I'd be interested to see the figures if they need continued work overs.

People are ramping this, decamping it, just ignore. The facts are the only thing we can go by and sentiment and credibility is poor currently, this could change rapidly if they finalise prod licence, restore 146 to production as expected, deliver 808 and a deep or 2. Not without risk but that's why we're here, it's a punt with considerable upside and minimal downside from here.

xclusive2
08/11/2018
07:18
CASP don't dilute. That is the main point and I have said it a number of times. Therefore, any drop in the price is short-lived as the shares become a bargain price. I see 88e had flooded the market again with a load of 1p shares. That is exactly why CASP is an 'investment' and companies like 88e are just blood suckers. Their market caps go up but so do the number of shares leaving no benefit for PI investors.
flawlesskicks
08/11/2018
05:34
George - It won't reach 6p...too many people waiting for it as a buy in price. Also, looks like a warm Winter this year so I doubt that work will stop as it did last year. Much more likely to see a quick bounce to 9p+ imo as has happened every time we have been down at this level.
flawlesskicks
07/11/2018
19:45
Anyway everyone ready for 6p next month ?
georgesorearse
07/11/2018
17:18
Jw...we go through times when we hate each other and then other times we are best mates. We certainly don't work together at all! Quite the opposite. He de ramps and I try to make everyone aware....there was a time when roles were reversed but I dont trade casp anymore. I just add a few every month.
flawlesskicks
07/11/2018
17:10
Jw .. no m8 but I can see why you might think that.. flawless ip will show in poland mine in u.k i invested in here 2011 he turned up deramping 2013/14....weve argued ever since lol.

And im no good at herding goats.

georgesorearse
07/11/2018
17:04
Looks like you 2 work together.

you said he was selling to drive the price down

he said he was selling to get out

when he was actually buying

either one in the same or a couple of scam artists.

johnwalton
07/11/2018
14:56
Just to add....anyone selling CASP at 7p is a complete goon and deserves what they get! Just saying.
flawlesskicks
07/11/2018
14:54
This is why we have now diverged in our plans here and why we annoy each other so much. lol.
flawlesskicks
07/11/2018
14:53
George...2021 is when I think CASP will be bought out. I have done my figures and it will take them until that time to assess the whole of BNG and move the whole field to the full production licence. It is all in my little book.

I worked everything out when they did the new 6 year appraisal licence. It is why I was initially annoyed with CASP but after some thought - getting a 20 bag on a takeover is better than them trying to build the company up organically. I'm giving them until 2021 to get the data and sell the project.

flawlesskicks
07/11/2018
14:41
Wont take until 2021 - 2019 and 30p i'd imagine with 3 x deeps flowing and mjf back to 3000 bopd.
georgesorearse
07/11/2018
14:35
I said at the time when our House of Lords candidate buys at 10p the share price will dip, he has awful form for choosing a buy in price with CASP and he works for the firm - shows you the quality of the BOD in some ways.


Don't think MM's can spike this, no volume as I've proved a few times recently due to no positive news.

georgesorearse
07/11/2018
14:34
Fair enough...we will look back in 2021 and either I am loaded and can laugh at your exit price - or you will be able to laugh and Richy and me losing all our cash!
flawlesskicks
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