Caspian Sunrise Share Discussion Threads

[konil] 07/4/2017 07:47

toggle, i know that's the company line, but returns could have been adjusted to compensate those parts of the business that were making the investments. with licence time precious and ticking away and much to be done on a potentially huge asset to prove up as much as possible before expiry, i just cannot see the business sense in a go slow. in any case the merger on its own will not solve the cash needs, i just hope they have enough to deliver the results they are promising this qtr.

[togglebrush] 07/4/2017 07:02

Delay in investment in BNG was that it was a joint venture with Baverstock who were not able to pay their part of the development costs after January 2015. Original agreement was that RXP paid first US$ 100 million of development costs up to that date (which covered initial costs of first deep well A5 and spud of second deep well 801).
'
Baverstock would have BENEFITED from any increase in production for making NO PAYMENT towards development cost. This situation will soon be resolved with the merger.
'
MERGER onwards means all profit from development returns to new merged company who pay the costs.

[konil] 07/4/2017 06:49

bull, hope so but still need kaz clearance for merger, and imo deep news will be at later rather than sooner in the qtr...didn't sound like they had started side track or other remedial works...everything seemed to be 'imminent'. why the months and months and months of delay on an asset which has so much potential? doesn't make sense to me. so hope it is different this time and they get it done but who knows!

[bullinachinashop3] 07/4/2017 06:16

Morning all after many false dawns this really feels like it's caspians time doesn't it. Wonder which deep we shall hear about first

[xclusive2] 06/4/2017 11:09

Lots of ISA trades, yes, but they are sell and buy back transactions.

Original shallow wells on the Yelemes block ie 54,806,807 were Soviet wells and 806,807 are only delivering 210 bopd total & 54 was P&a'd. I believe they intersected 5 zones on the previous wells but they were much shallower, this is a new structure and it will be interesting to see the oil horizon depths, if there is oil obviously. I

Hoping that it's more akin to MJF structure and the healthy returns of 600bopd and even better if some of those horizons are deeper.

No cigar yet but we should have news within next week or so.

Smarty

[steveh8] 06/4/2017 10:49

ISA trades as pointed out earlier

[dipla] 06/4/2017 10:47

more seller today, no buyers?

[hornetsting] 06/4/2017 08:22

Stars are aligning in CaspiSun favour. Looks to me that things are picking up for investors in that part of the world. The President is signaling a transition to his successor, and the process imo is well under way. After the surprisingly peaceful transition of power in Uzbekistan he has activated his plan with some confidence that it will also happen in Kz, more powers to the parliament and prime minster, he lets slip that no family member will be next president, certainly the appearance of greater democracy while real power has been carefully negotiated and held by the ruling tribes imho dyor....
Banking system finally being addressed with the "final Solution" for Qazkom.
Hi visibility crackdown on corruption (amongst lower ranking officials at least).
Easing of the Contract terms for new investors in the pipeline.
This could be the year for BNG!

[steveh8] 06/4/2017 07:27

Just done my bed and ISA watch the 166,000 trades today they will be marked as sells when they come through later

[xclusive2] 06/4/2017 07:26

Bull, Only success will propel this and that's what we want. If a new discovery it's great news and the BNG acreage is starting to deliver. How much is actually there and how much more than original seismic ? hopefully billions ?

[bullinachinashop3] 06/4/2017 07:11

wow through 12p lets see if itholds

[timberwolf3] 06/4/2017 07:09

Never thought i would see the day when CC delivered a well on time :)

[konil] 06/4/2017 06:51

smarty, if i recall correctly he's been talking 3200 in his interviews.

[xclusive2] 06/4/2017 06:38

Original plans to go to 2750.

[xclusive2] 06/4/2017 06:36

Didn't get my e-mail alert, probably because of website update but old Roxi site still up and active but no alert ?

[xclusive2] 06/4/2017 06:32

I thought they were only going down to 2750m ? 3200 and 5 horizons of interest. A deeper and larger prospect into the Triassic ?Good to see that it's been delivered on time but no cigar until tested.Smarty

[timberwolf3] 06/4/2017 06:17

All of a sudden Clive Carver has transformed from a man on another planet to a man on a mission.

[togglebrush] 06/4/2017 06:06

RNS extract ... Well 808
'
The Company is pleased to announce that drilling at Shallow Well 808 has reached the total depth of 3,200 meters without incident.
'
Five horizons have been identified for further analysis and testing. Should this analysis and testing be successful it would prove the existence of a new discovery and a third shallow structure at BNG.

[bullinachinashop3] 06/4/2017 06:03

There it is smarty!

[konil] 05/4/2017 19:00

thanks smarty. not worried. i've been topping up the isa's so sitting on a pile too. don't have an exit strategy currently. that's what's worrying me!

shallow news could come any time, but reading between the lines of carver's sales pitch i feel deep news could be at least a couple of months away. bwdik.

anyway time to strap in...just in case...

[xclusive2] 05/4/2017 16:49

K,

I'll give you 30 mins notice to sell your holding before i dump....lol.

Don't worry about me, i'm insignificant within the 1bn share market and new stakeholders would be glad to have stock. If the news was as stated above, this will go to 40p+ and i probably would sell a third and leave the rest to run.

News tomorrow ? don't think so, next week for me.

Smarty

[konil] 05/4/2017 16:20

that's just smarty rounding off his holding to 50 gazillion.

[bullinachinashop3] 05/4/2017 16:03

Huge late buy. Rns Am?

[hotdeal] 05/4/2017 15:37

Would sell at 50 pence but if news is good it will bypass that in a short time

[konil] 05/4/2017 15:32

so, a question I asked you before, what's your sell price? assuming 2 deeps and the new shallow structure come good?