Caspian Sunrise Share Discussion Threads

[hallow] 24/8/2017 14:31

A bit of light reading

[maxim1999] 24/8/2017 11:15

I agree there maybe little news in september on the deeps and indeed there is a chance we hear nothing till year end unless the 801 stimulation bites as that does not require any drilling. As far as the shallows are concerned isn't 145 being drilled as we speak so if we could hear on that. But in the round nothing major I would guess for at least a month and maybe not for 3.
Which brings us neatly to the share price. With no news and little impetus for new buyers to come in I guess we keep drifting. In the event we get good news on the deeps that will be reflected in the share price and also the current discount to the value of the shallows will be eroded and hence we will get 2 factors driving the shares back up.

[xclusive2] 24/8/2017 10:31

Bull,I don't believe there's anything to say for another 6 weeks unless A6 hydraulic fracturing happens sooner than I think. A5 won't be done until end of Sept and that's probably the time for next update.Wobbly holders dumping at 6.5p ? Don't get it as the shallows underpin current position and some so opportunity knocks coming imo.S

[bullinachinashop3] 24/8/2017 07:58

Hope we don't get a bank holiday weekend Fri special

[xclusive2] 23/8/2017 23:00

Well, somebody wanted out dumping 500k in an hour, hopefully not informed ! If this goes lower, time to take advantage.

[control1] 22/8/2017 22:03

Smarty, wait until the big contracts start rolling in over at CPX...

[buzzzzzzzz] 22/8/2017 10:51

Smarty

I lighten my load most mornings!!!!!

[xclusive2] 21/8/2017 15:18

K,If I thought it would end in tears I'd have lightened the load by now .S

[konil] 21/8/2017 14:29

thanks for feedback. not sold any either. sitting and waiting like most lth's here.

[xclusive2] 21/8/2017 13:59

K,If they did I'd be on the inside and no good to me as I want to trade it now and then.I've not sold any of my chunk, only added a few at this level to have some fun with.S

[konil] 21/8/2017 12:44

smarty, did they say anything about the problems they are experiencing and approx. when they expect to resolve at least 1 of the deeps?

[xclusive2] 21/8/2017 11:17

Control,Fair play on CPX. Much that you touted it at 11p ish after its rise and I could see it selling off, it did by 40% from 12p high, it's now heading to 15p so would've been a great buy at 6p ish ! All about timing,

[xclusive2] 21/8/2017 11:12

10p was a good deal at the time if you were listening to Carverspeak.As I keep saying, shallow successes will more than underpin the sp, the big question is funding future deep campaigns and that will be dilutive unless they get a deep success.K,I do keep in touch and the company believe the deeps WILL flow as communicated BUT that isn't a definite, that's why we can buy at c 7p. Still believe CASP is a good investment from this level but I'm not sticking around if we fail on the deeps.If deeps did fail then share price would react badly short term bit that would present a real trading opportunity if 145 shallow comes in. If it is bad news I'd prefer share price to crash and I will be VERY greedy. S

[thetoonarmy2] 21/8/2017 11:06

Maxim and my 300k top up at 7p I thought was a dead sure thing, ah well maybe 5p is the new low price to buy in.

[maxim1999] 21/8/2017 10:21

My last purchase at around 10p looking premature. Dang !!

[sloppyg] 20/8/2017 20:21

The key statement from all that noise is "difficulties in receiving timely payment".........Boco were never going to stump up the cash and Rxp, at the time, went on a damage limitation exercise imo.

That was the last opportunity they had to raise funds at a healthy premium........

[togglebrush] 19/8/2017 14:24

BOCO investment
‘
RNS Number : 7311O Roxi Petroleum Plc; 01 June 2015 extracts
‘
In April 2015, Roxi announced the agreement to issue new shares at an effective price of 18p per shares to BOCO, a large Chinese conglomerate, to raise $20 million. However, in light of the imminent completion of the sale of Galaz and difficulties in receiving timely payment, Roxi has informed BOCO it is not continuing with this subscription and has terminated discussions with them.
‘
See also RNS Number : 5025K Roxi Petroleum Plc 17 April 2015
‘
Sale of Galaz
'
In February 2015 we announced the conditional sale of our interests in the Galaz Contract Area to a consortium led by Xinjiang Zhundong Petroleum Technology Co., a Company listed on the Shenzhen Stock Exchange in China, for an aggregate consideration of between $90 million and $100 million, depending on the price of Brent crude oil. At the lower valuation Roxi's effective consideration would have been $20 million. However, following an increase in the price of Brent crude the aggregate consideration will be $100 million and Roxi's effective consideration has increased to $23 million.
'
RNS Number : 8872Q Roxi Petroleum Plc Final Results 23 June 2015
'
Extract on Subscription and Sale

Once received in full the proceeds from the sale of Galaz alone will be sufficient to fund the entire 2015 deep and shallow drilling programme at BNG plus the costs of an independent assessment of the reserves at BNG now expected to be released in Q1 2016. By not taking in the additional $20 million subscription now we avoid unnecessary shareholder dilution before publishing the reserves update in H1 2016.

[konil] 19/8/2017 10:36

sloppy, a5 was first announced mid-2014 and i think boco deal terminated early 2015 after months of delays at a5. but a6 and 801 discoveries had not yet been made. hopefully there is more to casp now, though i have to wonder if there is anything there at all after 3 years of ineptitude at a5! if boco did walk let's hope it was something to do with a5 and not casp in general.

[konil] 19/8/2017 09:56

in which case spill the beans, smarty!

[xclusive2] 19/8/2017 01:20

K, Trusting or a little more informed -;)S

[control1] 18/8/2017 21:31

Still, on the plus side, it would appear that the Gaz has sold up. We did warn him it wouldn't be quick...

[sloppyg] 18/8/2017 17:04

It has never smelt right here since Boco walked away from that 19p funding; despite the company trying to tell us it was the other way round.

I recall Boco had close working ties with Sinopec and something clearly spooked them imo.

The other irony is a short while back they said they did not want to tap the CFOs equity facility as, at 7p, it represented too much of a discount to the then 10p share price ........well no excuses now to draw down on it !

Saying all this it is back once more into interesting punt territory.

[konil] 18/8/2017 16:47

that's too trusting for me smarty.

i've been shafted plenty enough in stocks to know i cant trust any situation where i dont know the details personally.

as it happens i do think they are playing straight. and because investment is such a twisted game i include 4 as playing straight!

[xclusive2] 18/8/2017 14:56

We can all cite the negatives but the shallows alone will have considerable value, especially if 145/6 etc come in . If they wanted to shaft PI's, take it private, sell on the cheap to Kazakh mates etc, the news flow would be shocking. That's not the intention and they won't get any future interest or investment if they're corrupt !