Caspian Sunrise Share Discussion Threads

[konil] 18/10/2017 17:06

timber, nothing taken for granted, a5 not confirmed yet, but really really hope so!

smarty, if their words are to be believed, they have faith in a5 and a6 coming good and 801 at least being something of a cash cow if not fully rectified, all of which will fund the next 2 deeps. so perhaps they will want to avoid a dilutive fund raising. imo this is the benefit of having owner management, who tend to play the long game. bwdik! let's see how it plays out.

[timberwolf3] 18/10/2017 16:28

konil - could be pretty decent revenue here by Christmas.

[timberwolf3] 18/10/2017 16:25

Smarty - If Heineken wrote RNS's that's what it would say, but unfortunately we have the Carver writing ours :)

[xclusive2] 18/10/2017 15:21

Agreed.Let's hear the good news Mr C. share price up, and then the talk it up process can happen, difference here is that it's real !! They can then raise funds at some juncture OR attract partner investment. Will be on the larger funds radar and who knows where this can go.Credibility statement needed and that would be nice tomorrow am.'Confirmed oil bearing horizon @ 105m of 43api oil and flowed at 3000 bopd on an X MM choke for 3 days and continuing our 30 day test,results tbc then.Additionally we have identified the problem at 808 and we are going to re-perforate and hopeful for a positive outcome.Finally 145 producing at 600bopd and 146 progressing without any problems 'Nice !!!!

[konil] 18/10/2017 15:01

timber, judging by their comments about 801 ("Should the stuck pipes not be recoverable we still have the option to attempt to flow the well with them in place and use the proceeds of any oil produced to help fund Deep Well A8 and 802.") imo they will start producing and selling as fast as is possible from a5!

[timberwolf3] 18/10/2017 11:54

So if A5 comes good they will no doubt put it on at least a 30 day flow test.
What then ? will it become a producer straight away using trucks to transport oil and giving much needed cashflow or will they wait for the results of the other deep wells before planning pipe link up.

[xclusive2] 18/10/2017 10:34

There's your answer

[hallow] 18/10/2017 10:12

MM's soaking up the sells this morning.

7 straight sells > no change.

[xclusive2] 18/10/2017 07:42

https://polaris.brighterir.com/public/caspian_sunrise/news/rns/story/rm2zpvwStill no news and I'm wondering whether they've gone deeper ? A5 was originally planned for 4700m but had to be completed at 4450m. A6 was to test deeper but completed at the same depth but we still don't know the real extent of the oil bearing horizon.Copied the interim results above as a reminder to status of all wells. It's encouraging reading as all the deeps are in play, just need to get A5 in and the hype will build.801 - remove stuck pipes if poss and if not successful to flow from existing hole and release revenue to fund 802 and A8A6 - have to re-complete well as believe perforation failed due to gaps in casing at lower depth. Lighter rig to be used but need drill pipes from A5. I suggest that they stop getting them stuck down holes or buy or rent a few more !The wait goes on. Tick, tock.

[xclusive2] 17/10/2017 22:53

HUR was pumped BUT I see it as a great investment over next 2 years.Re P&D stocks, anything to do with that tozzer Lenigas.CERP UKOGGGPLENNIES LEGACIES I maybe wrong re UKOG but it smells like the pump then place scenario, something he's done forever. CERP a dilution disaster and people still get sucked in.Smarty

[control1] 17/10/2017 21:39

Just caught up with a months worth of posts. It is just over 9 years since I bought my first tranche of Roxi shares (800k at just over 1p) and like Del Boy I thought that Roxi would be a well established and major producer of the deeps and me a millionaire by now.

My holding is down to a much smaller percentage of that now but in essence, despite some success with the shallows, we are all still waiting and progress here continues at it's inexorable snails pace....

Smarty you keep referring to HUR as having been pumped and dumped however people were buying at 50p plus because they believed that the value was there and as you well know, it will be when the new CPR is released in the not too distant future. It dropped due to the length of time to the actual start of the EPS and for the purposes of the placing, not for any other reason. It is still bloody cheap at what is likely to be over 1bln barrels recoverable (which is a HUGE number).

To my mind, a P&D is a share that has little or no value being artificially inflated, quite how HUR qualifies escapes me...

[xclusive2] 17/10/2017 12:32

Good post TB

[togglebrush] 17/10/2017 10:35

Xclusive2 be careful what you use wish for from the Kazakh traders. One example was in the pre merger circular . Extracts.

Zhanat Bukenova has been treated as acting in concert with Kuat Oraziman due to their professional relationship. On 24 July 2014 Roxi entered into a release and subscription agreement with Zhanat Bukenova (an individual resident in Kazakhstan) for the capitalisation of a loan provided by Zhanat Bukenova to Roxi.
‘
Since 2 January 2015, Zhanat Bukenova has made the following trades: (list was in Circular)

In summary value of Trades in the Circular amounts to:
Buy_______£407,219.55
Sell____£1,031,632.00
'
Averages___Volume____Price_____Value for Mrs ZB as listed
'
Buy_______ 229,817___10.90____£28,062.11
Sell______ 711,111___15.02___£114,625.78 ___NOT A BAD TRADING RECORD
‘
This lady had 11 million shares at the end of that extract and nearly 4 million added in the merger document. So a possible war chest of 15 million shares
‘
That is just one of the four or more who are in the free float of some 284 million shares. Free float is some 17% of shares held by, companies and persons, not known.
‘
There are others who may or may not have retained their merger shares and one existing institutional share holder (Sector Omega AS) with some 35 million. Locked in shares, excepting directors, from merger are some 350 million which were valued at 9.5 pence. Their six month lock in ends on 1st December. (Fri 1st Dec is a public holiday as are 16,18,19th Dec Xmas is Orthodox 6/7 Jan in Kaz)

Shares in issue 1,670 million. Errors and Omission excepted

[konil] 17/10/2017 08:43

hallow, that article needs a lot of thinking about.

on the one hand it demonstrates the potential for large fields in kaz. on the other it clearly shows the difficulties (operational/political/geological) in exploiting any such potential.

if bng turned out to be a monster its unlikely it would really get going in commensurate scale in my lifetime. which nicely circles back to the investor's thorny question of when to exit!

oops, getting carried away here...don't even have a commercial deep hit yet...

[xclusive2] 17/10/2017 07:50

Yep a very good read. The positives and challenges of oil exploration in Kstan. The elephants are there an nobody really knows exactly how many billions are recoverable. Let's hope that our Casper is on the cusp of great things. You can see the hype potential on a successful outcome but those successes are not easy,We're in the reservoir, hopefully those roughnecks are telling their Kzakh mates to buy a few more but we're not seeing those smoke signals.Quiet day today again as UKOG gets pumped to death.

[hallow] 16/10/2017 20:46

Interesting Reading

[xclusive2] 16/10/2017 15:52

Bull,Time to relax and wait for the news to come and take advantage if it is positive as the initial spike maybe muted as we're not on the Fav shares list. We have fundamental value here whereas the pumped stocks like UKOG,CERP etc are all likely 'emperor new clothes'. The lemming factor will apply here as the story gets pumped and hopefully I'm going to get the opp to add some petroleum to the fire, pardon the pun.Good news please Mr C. Smarty

[bullinachinashop3] 16/10/2017 09:56

yes maybe, but still even taking that into account, still find it incredible.

[konil] 16/10/2017 09:51

bull, 'boy who cried wolf' syndrome perhaps.

[konil] 16/10/2017 09:49

smarty, my expectation for a5 td at earliest was fri 13th oct, so allowing for some delays or differences in our remote calcs based on a couple of rns vs. what is actually happening, td may even be a couple of weeks away.

then there is the issue of at what stage will they announce the result.

i guess a p&a would be announced straight away, whereas a hit may or may not be. for example they may or may not wait to conclude initial flow tests before rns. so perhaps a slightly later announcement may be a harbinger of good news. bwdik.

what we do know is that the oil is there so just hoping they don't muck it up again.

[bullinachinashop3] 16/10/2017 09:47

the lack of volume/interest here is incredible - we are days or hours away from A5, the biggest most important operation in roxis lifetime...weird

[xclusive2] 15/10/2017 21:41

News this week unless they've had problems. I'd like to see separate announcements for -;Confirmed discovery with initial confirmation of size of oil column and flow rates145 flow rates 146 statusFlow rate confirmation at c 3000 bond from 30 day testA6 update