Caspian Sunrise Share Discussion Threads

[togglebrush] 30/3/2017 15:13

xclusive2 ... Sorry that pre dates me I am a New Boy from May 2009

[xclusive2] 30/3/2017 15:00

Toggle,Happy times and so expectation, you need to go back to 2007 !

[togglebrush] 30/3/2017 14:01

Sorry to embarrass hiddendepths but I was writing this whilst you were posting the above.
'
HISTORY of previous HAPPY TIMES
'
5 August 2014 RNS
Update on discovery at BNG …Deep Well A5
‘
Well A5, the first deep well on the BNG Contract Area, with a planned Total Depth of 4,700 meters is targeting principally the middle Carboniferous formation at 4,390 meters of the South Emba sub-basin.
‘
As previously announced oil and gas shows were detected at a depth of 4,332 meters.
‘
Roxi is pleased to announce the first core sample over the 12 meter range between 4,332 and 4,344 meters has been successfully completed with a 9.85m core recovered.
‘
Initial examination shows the recovered core of dolomitic limestone and is porous, fissured and filled with oil.
‘
At 4,344 meters depth a 5-10 cm layer of siliceous rock has been encountered.
‘
Roxi's management believes the oil bearing interval extends beyond the 12 meters referred to above and is seeking to take further core samples over an additional 18 meters between depths of 4,347 and 4,365 meters. Should as the management team expect the 18 meter interval show oil, further core samples will be taken until the full extent of the oil bearing intervals are established.
‘
Once the depth of the oil bearing interval has been established testing work will focus on establishing flow rates for the oil encountered.... END RNS extract
‘
SHARE PRICE HIT maximum this decade on 1st September 2014. At 25.45p
‘
BROKER reports had forecasts at the time which were
01 Aug 2014 Another_______Blue Sky____1.3000
12-Aug 2014 WHI___________Blue Sky____0.7400
20-Aug 2014 WHI_______________________0.2330

A reminder that Director Options exist at 0.6500

[timberwolf3] 30/3/2017 13:57

HD - funny enough i reread your research note only yesterday, it's on 7Kiwi's old blog :)

[hiddendepths] 30/3/2017 13:53

I have to admit I'll believe it when I see it! I was the oil analyst working for the broker who brought this little beauty to the market in the first place. So I knew them inside out before the listing. I loved the look of BNG and still do (they had their eyes on the coffin even back then!). I am not going to share my early price targets on Roxi - not my finest achievement. But then no-one even suspected that it would all take so very, very long......

[bullinachinashop3] 30/3/2017 13:40

at least 2 out of the 3 flowing in the short term. hmmm! lets see hey!

[bullinachinashop3] 30/3/2017 13:30

never, would you believe it

[timberwolf3] 30/3/2017 13:18

HD - judging by this activity not long now.

Has CC ever worked so hard, yet another interview;

[bullinachinashop3] 30/3/2017 13:18

!FOLLOWFEED

[hiddendepths] 30/3/2017 13:08

Roxi was a little girl, Max's sister. Looks like their dad is no longer in a position of power!

When, oh when, will we ever hear something sensible about even one of the deep wells?

[bullinachinashop3] 30/3/2017 12:38

10.85 just paid, highest trade since early jan - hmmm 808 news arriving?

[stuart14] 30/3/2017 12:02

£1 would be well worth the wait!!

[timberwolf3] 30/3/2017 11:42

Only negotiated trade available, short supply.

[xclusive2] 30/3/2017 11:32

Jonny,

No production licence in 2018
Going bust
Could go to a £

I'm going to frame that last statement...lol

Would be good to attract some of the hot money from the other AIM hot stocks.

C'mon Clive, i've waited forever to get a return here and have my time in the Caspian Sunrise ! Give us the news that will enable me and all the LTH's the opportunity to market and hype the arze out of this !!

Smarty

[bullinachinashop3] 30/3/2017 11:29

yeah surely 801 or 808?

[xclusive2] 30/3/2017 11:28

Happy for an Ops update but i think that the beauty parade is attracting some awareness although volume is only c 300k. MM's are in the loop and know that the demand is going to pick up.

News next week re Yelemes but happy to hear today !

Smarty

[bullinachinashop3] 30/3/2017 11:12

buying at 10.50 p now, highest of the month

[bullinachinashop3] 30/3/2017 11:08

nice little jump - ops update perhaps?

[ngms27] 30/3/2017 10:46

No way the shallows support anything like 23p, that's La La Land. The market knows that hence the price currently.

Now if they can get the deeps to flow then have a CPR to come up with some numbers then 100p maybe possible. However it's now firmly last chance saloon as the clocks ticking down to license expiry next year.

So Mr Carver you need to put up or shut up.

[timberwolf3] 30/3/2017 10:12

Smarty - Or get the deeps flowing, get the reserves booked, then say hey Mr large petroleum company do you want a slice of the action.

[timberwolf3] 30/3/2017 10:08

Interesting to hear CC say that the shallows alone support a share price of 23p ( are you listning Jonny :)also that virtually all of the $16 per barrel they are currently getting is profit.
All 3 wells will hopefully flow between 2,000 & 3,000 bpd

[xclusive2] 30/3/2017 10:01

Toggle,

Some good observations. Re any funding arrangement, the negotiations must be underway and i believe merger completion will be way before 1st July and it won't delay getting cash. They have to get cracking on proving up the P2 and the only way they do that is with more cash UNLESS they are really confident of delivering the deeps and can pull off a Placing at a far higher share price as part of the funding solution.

They don't have huge commitments to meet on satisfy production licence conditions and don't need cash to keep the lights on. What will the 3 deeps plus hopefully 2 x shallow structures deliver in P2 numbers ? Do they need to drill another deep ie A7 this year, probably.

CC is conducting a Beauty Parade to increase awareness. The story is compelling imo yet share price is flat. If you're an interested institution looking at a share position you'd want a deal and need to be in pre news hits OR if you're an institution looking to fund via a debt arrangement then you'd be far happier lending to an organisation on a risk free basis knowing that the oil reserves are there.

Getting very interesting but Carver obviously wants the price up and nobody buying in YET.

Smarty

[togglebrush] 30/3/2017 09:46

Next quarter ends at end of June... earlier I suggested that the merger may be completed about then... so we may get more drilling detail late in the quarter ???
.
IMHO
1st July is possible date for merger
‘
A) 30 June (or close) is normal date of Annual Report (for 31 Dec 2016)
B) 30 June is end of first half year with higher Domestic Oil price (16us$ v 10us$)
C) Date is halfway between General Meeting and Long Stop date
‘
A and B are for Accounting convenience and for loan negotiation
Finance House will negotiate but not grant loans until merger is completed.