Caspian Sunrise Share Discussion Threads

[bad gateway] 24/10/2017 09:17

There was quite some discussion on lse earlier re the meaningfulness of the test. Fair enough i suppose bears have to have their say too and its given a decent trading op.
Onwards and upwards as the story unfolds (and is further proven) imo.

[konil] 24/10/2017 09:07

the lack of interest in the wider market is understandable after many years of under delivery. that will also cause many stale bulls to exit over the next days / weeks.

there is a lot of misunderstanding / misinformation about what yesterday's news means for casp.

many newcomers are focusing on production revenues. this is understandable because of the immediate large impact to cashflow.

what is being missed is that getting a deep to commercial status (ok, we still need final confirmation from extended flow tests) puts casp into a different league.

it could be argued that the so far successful shallow campaign is a company maker, but the deeps propel the company into a different category altogether.

the increased reserve numbers and further deep success will underline that point but it will take time.

yesterday's relatively muted reaction and today's lack of follow through shows how far under the radar casp is and how misunderstood the significance of yesterday's news is.

the lth's here have sat it out with huge patience, and more will be required, but casp is on its way from tiddler to mid-cap or even major player status.

[xclusive2] 24/10/2017 08:50

A few more for moi, get them whilst they're hot, they're luverly. That gift horse keeps on giving

[xclusive2] 24/10/2017 08:15

Bull,Yep, as the news filters through and true value realised but that's without the hype and blue sky opps. 801 not factored into TP and neither are any other explo targets or upside from MJF.Somebody has been offloading large chunks to slow the rise and there aren't many large holders and the free float is not huge. Expecting to see excise of any remaining options and award of new ones.As always, tick, tock.

[bullinachinashop3] 24/10/2017 08:07

x2 dont you remember the similar delayed reaction after the interims, and good news on the shallows? nothing on the day then a delay'd move of 50% day after

[xclusive2] 24/10/2017 08:05

I believe the penny is slowly dropping !!

[zico01] 23/10/2017 23:34

From Proactiveinvesters :

Caspian Sunrise soars after delivering long awaited deep well success
Share
23 Oct 2017
The deep A5 well tested at a rate of 3,500 bopd before the programme was paused to bring in high pressure equipment
onshore drilling operation
The AIM-quoted share shot up around 60% in Monday morning’s deal, changing hands above 14p.
With news from the deep A5 well in Kazakhstan, Caspian Sunrise Plc (LON:CASP) on Monday delivered the result that investors "have been waiting for" that’s according to stockbroker WH Ireland.

Caspian Sunrise said in a statement that the A5 well had yielded a rate of 3,500 barrels of oil per day in testing. The well was tested for 4 hours before being shut-in pending further testing with high-pressure equipment.

READ: Kazakhstan-focused oilfield developer Caspian Sunrise may have discovered third shallow oil structure

The AIM-quoted share shot up around 60% at just over 14p in Monday morning deals.

WH Ireland analyst Brendan Long, in a note, highlighted that pressure dynamics information suggests ‘excellent fluid communication’ between the A5 well and a ‘highly productive reservoir’.

“This is the moment we were waiting for and the production result materially exceeds the success case guidance of 2,000 b/d previously provided by the company,” Long said.

READ: Kazakhstan-focused oiler Caspian Sunrise is sitting on "something special", says chairman

He added: “Since relaunching itself under the name Caspian Sunrise, pursuant to a merger with Baverstock to consolidate a 99% operated interest in the BNG licence, the company has been on a tremendous growth trajectory in terms of the creation of shareholder value.”

WH Ireland this morning repeated a ‘buy’ recommendation and upgraded its price target to 28.6p per share from 22.2p, implying almost further 100% upside to Monday’s newly elevated price of around 14p.

[steveh8] 23/10/2017 22:54

Euclid. Check your calcs you have times a days revenue x 52 weeks?

[xclusive2] 23/10/2017 22:45

Timber,Thanks for posting but that MF article is a terrible comparison and factually incorrect. The only good thing is that it's a positive post but trying to compare a lumbering FTSE 100 company to an undervalued AIM stock ?Some blue sky for the uninitiated -;Current production - 3400 bopdA5 - 3500bopdMJF 146 - 600801 - 3000 bopdA6 - 3000 bopd806 - fix the water ingressA8 and 802 to followWH Ireland have been conservative re assessment of the subsurface geology. This is the land of giant fields, elephants like Tengiz, Karachaganak, Kashagan etc. The BNG acreage may yield an elephant or three and the entrance price at 13.5p is laughable.Off to bed, lots of blooo days to come.S

[euclid5] 23/10/2017 21:13

Aggregate production is already running at 3,424/bbl a day. So, the addition of the A5 production could take overall production to 7,000/bbl a day, or more.



7000 bopd x $50 = $350k pd / 1.30 = £269k x 52 = £14m gross revenues

[xclusive2] 23/10/2017 20:50

Copyr1ght,Nice try......lolThe bulls here know the fundamentals inside out and much that some may have sold the news, the majority are loading up. As per my last post, fill yer flippin boots, yeeeehaaaaaaaaaaaaaaaaaaaaa

[copyr1ght] 23/10/2017 20:36

Johnny

I know it's good but this is the Aim, selling on the news then dropping stock on the orderbook crashing it then load up.

Staying in a aim stock when it has spiked, is big no no, especially a stock like roxi baby, too many stale bulls. They been desperate for months or years, they want out.

[xclusive2] 23/10/2017 20:35

Really disappointed on one hand that this didn't rocket today but happy that I was able to pick up more stock due to the muted response to news. This was already de-risked with the shallows and today's news makes this one of the best AIM buys as will be demonstrated over the next few days.How can this be 13.5p after A5, 2other deeps drilled awaiting news and a successful shallow program without the Yelemes update. All LTH's,Fill yer flipping boots before the thundering herd get involved, money to be made and time is short.Smarty

[top tips] 23/10/2017 18:30

Still more than 100% short term upside.

[togglebrush] 23/10/2017 17:02

Huge volume from 861 trades and trading with over 33,069,164 volume at or around end of day … source co website
'
That scale of volume hasn't been seen since 1st June 2015
'
POST merger WITH HIGHER NUMBER OF shares ...
Maximun daily trade is 1,984,684 ON 3rd July
_Median daily trade is __327,063 middle of sorted sample roughly 100 x today
'
TOTAL of all trades since merger is only 44 million
SEAQ dealers are probably having trouble with Supply and Demand
.
UPDATE of earlier in the day posts

[john2017] 23/10/2017 16:34

You are dreaming copy given the news!

[pre] 23/10/2017 16:33

Game changer today...great article timberwolf3,thanks for posting:-)

[copyr1ght] 23/10/2017 16:31

I waiting too for sub 10p hopefully. Punters selling in the rise
Buy on rumour sell on news.

[timberwolf3] 23/10/2017 16:27

Caspian Sunrise a better buy than Shell;

[john2017] 23/10/2017 16:02

When is next news due roughly

[pre] 23/10/2017 15:32

Transformational news hear today....they will probably achieve higher flow rates - still what a superb result and more to come from other projects..monster in the making here imo.. and no doubt a big re-rate imo...remember the earlier 500,000 buy...order filling:-)

[xclusive2] 23/10/2017 14:59

...lol.I'm trying my hardest to be pragmatic and not give the really blue sky scenario. I'm actually hoping it retraces as I'll have some more without the Mrs finding out !

[buzzzzzzzz] 23/10/2017 14:44

Yeeeeeeeee Haaaaaaaaaaaaaaaaa

Well done Smarty, HD and everyone else who kept the faith.

To infinity and beyond!!!!!!!!!!!!!!!!!!!!!!

[babbler] 23/10/2017 14:43

Typical Order filling flat line...

[togglebrush] 23/10/2017 14:09

Huge volume from 750 trades and trading with over 28.3 million volume to date
'
That scale of volume hasn't been seen since 1st June 2015 which was tiny compared to this
'
POST merger WITH addition of merger shares ...
Stats
Maximun daily trade is 1,984,684 ON 3rd July
_Median daily trade is __327,063 middle of sorted sample.
'
TOTAL of all trades since merger is only 44 million
SEAQ dealers are probably having trouble with Supply and Demand
'
UPDATE of post 1800