Caspian Sunrise Share Discussion Threads

[konil] 24/10/2017 13:48

the mms are pricing this as though its more or less in balance, but imo the buying interest is gaining more traction.

perhaps mms see this too and are teasing out loose holders with their up/down strategy.

high volumes and relatively small free float may clear out stale bulls / early sellers sooner rather than later. perhaps in time for the next bit of good news, then what happens? answers on a postcard...

[konil] 24/10/2017 12:48

smarty, if the story unfolds as i suspect it will, cash out is a loooooong way away.
of course a predator may put an end to all that. many horizons beginning to open up! (any oiler puns fully intended.)

[xclusive2] 24/10/2017 12:36

K,Good for you and will be a deserved profit when you decide to cash out. Timber,Crive Kleiber.....lol

[ny boy] 24/10/2017 12:35

I’m researching this one, liking what i’m reading so far, so will probably take a small initial stake say £5k’s worth

[tel11] 24/10/2017 12:26

has great potential short and long term

[xclusive2] 24/10/2017 12:23

I'll very much doubt that there will be a pull back and the train is leaving the station, only issue is that the Fireman hasn't had his coal delivery yet. Lots of newsflow will mean that awareness will increase and purchase consideration will increase.Smarty

[konil] 24/10/2017 12:23

thanks gateway.
nothing new, was hoping for some litle titbit that was not in rns but let slip in the east.
quite a larf though how it translates.


meanwhile, gradual transfer of wealth taking place, from the impatient to the patient.

[ny boy] 24/10/2017 12:15

Why?

I am planning to buy some if there is a pull back, next Spring will add a chunk as (IMM)..my retirement stock) hopefully gets FDA approval for Lupus!

[tel11] 24/10/2017 12:13

red now gone
green about to go
and blue next

[tel11] 24/10/2017 12:08

this stock should be trading around 18-20p,

[timberwolf3] 24/10/2017 11:57

Chairman Kleiber ? has Carver done a Roxi and changed his name :)lmao

[bad gateway] 24/10/2017 11:46

It let me have a copy. Reads well thanks timberwolf3.

New New Farm, BNG Block A5 Deep well oil flow test succeeded
Author Kim Eun- Ji Entering the Report 2017-10-24 10:48:19 Revision 2017-10-24 10:48:19
#New New Palm
Caspian Sunrise (formerly Roxi Petroleum), a mining company invested by the company, has confirmed a substantial oil store through a flow test at the A5 oil well in Kazakhstan's BNG block, the company said.

Caspian Sunrise said the oil had flowed for about 4 hours at about 3,500 barrels per day through the UK announcement the day before. BNG has already produced about 3,400 barrels per day.

New Newspaper said that it seems that there is a large amount of crude oil stores, and that there is high pressure and gas at the top of the oil well. Which is higher than the value of oil in the shallow well of the BNG block.

"The A5 oil test we've been testing for a long time has found good quality crude oil, and we can see that there is a tremendous amount of oil in the deep buried layer of the BNG block, given the oil pressure," said Kleefan Sunrise Chairman Kleiber.

It is expected that similar results will be obtained with 143 oil wells because the 1,732m drill was carried out without any accident and located in the MJF structure. The already drilled 801 wells and A6 wells will also work to start the flow test.

The BNG block is 40 km southeast of the Tenggiz oil field in Kazakhstan (one of the largest oil fields recently discovered in 1979) and covers an area of ​​1702 km2. It is 92% of the area of ​​Jeju Island and has already completed 3D seismic survey for more than 80% of the area.

The BNG block has a shallow buried and deep buried floor, and crude is already being produced in shallow buried floor areas. The second area (MJF structure), which is the backbone of the increase in production up to now, has 141, 142, 143, 144, 145, 146 oil wells Is located. The third area has 808 wells.

"We are planning to commercialize the BNG block in July next year, and we will be able to sell crude oil for export, which will have a positive impact on our financial statements, and we will pay dividends at the appropriate time," said Kleiber.

Kim Eun-ji hankyung dot com reporter [e-mail]

[konil] 24/10/2017 11:37

sorry timber, can't get the translated version for some reason. would you oblige by posting here. tia.

[tel11] 24/10/2017 11:06

red, green then BLUE

[hiddendepths] 24/10/2017 10:48

From the interims:

Our approach to the development of BNG, the Group's principal asset, is to seek to maximise reserves with minimum shareholder dilution before the expected upgrade of the current exploration to a full production licence in July 2018.

We plan to seek a full production licence to run for either 25 or 49 years as permitted under Kazakh law depending on the reserve position at that time. Under a full production licence we will be permitted to export and sell the majority of oil produced at world prices in comparison with the current obligation to sell any oil produced at only domestic prices, which are significantly lower.

[hiddendepths] 24/10/2017 10:44

btw I will be topping up in chunks if the share price continues to erode.

[hiddendepths] 24/10/2017 10:42

The perceived issues are 1) that the company only gets the pathetically low local price for its crude and 2) that the 3500b/d is a modest flow rate given all the time and hassle of the well - ie very high cost well for a medium-sized find, not an elephant.

These are valid concerns for the uninitiated. It's primarily up to the company to convince institutions that such a perspective is way off the mark. THEN it will fly.....

[xclusive2] 24/10/2017 09:54

Unconscious ,Hot ? I'd say it was luke warm at best. It was hot back in 2014 when share price was 25p following initial A5 discovery, no shallow campaign and no other deep wells drilled.Let's see how hot this becomes if/when A5 30 day flow test is complete. As they say, each to their own but if you manage to buy at 10p then A5 has failed.

[xclusive2] 24/10/2017 09:39

Bad Gateway,I agree. Some peeps not willing to believe that the flow test is conclusive and remember the issues in 2014. The comment re needing high pressure testing equipment has raised the questions ' why do we need that, why wasn't that available, are there issues again ?'. I can understand that and only a 30 day conclusive test will be proof of success, that's where the opportunity comes.Carver has had to eat humble pie re previous inability to deal with heat and pressure but I can't believe he'd have issued the news unless he was very confident of a successful outcome. I do have questions re 85m as compared to initial 105m, why A6 watered out at the lower section of the reservoir etc but I believe that he wouldn't have announced this without knowing it's going to be successful. I think it's a good plot to update the market regularly going forward and with the upcoming newsflow -;A5 updatesA6 re-perforation801 clean up / produce from open hole146 newsCPR on MJFAll material and regular newsflow will get us on the radar of all investors inc the larger ones. Will allow Carver to appeal to the bigger players due to our enlarged m/cap.I believe the future is VERY rosy.Smarty

[togglebrush] 24/10/2017 09:39

Yesterday volume was some 33 million assuming equal numbers of buys and sells then some 16 million shares changed hands. The free float is some 284 million (17%).
'
Potential buyers/watchers have had a long and boring wait with minimumal action for nearly two years.. It will take time to start to convince buyers. There are a number of potential sellers of 16 million shares nearly all dealt as Ordinary Transactions..
‘
One source may be, my calc some 120 million, ex Baverstoke holders who are NOT locked to 1st December. Many of those have not seen decent price above the 9.5/9.75 merged price. A 50% hike within six months is a reasonable deal (especially those who had been locked in for some 10 Years previously).
‘
In addition there were those who bought Dosbol Zholdybayev’s post merger sale of some 3 million whoo would again be getting 50% in under six months.
‘
Finally there the proverbial stale bulls in a share which has rarely shown great excitement.

[pre] 24/10/2017 09:30

I recently recall a similar muted response to EME rns and as the news was digested (as Konil alluded to in his excellent post) the share price rose ....think we are on the verge of a significant re-rate....oil gushing from the deeps in Kazakstan...bodes extremely well here imo:-)

[unconscious] 24/10/2017 09:26

Xclusive2.Not quite sure why you would want to buy a share when it's still hot?Think I'll wait until this has cooled down and see if an opportunity appears to add around the 10p mark.

[xclusive2] 24/10/2017 09:26

K,I believe that some of the long term Bulls are reluctant to believe yesterday's news due to the previous issues with pressure and successful 30 day flow test news needed to confirm yesterday's news is real !I added another 5% yesterday as this truly is a great opportunity now. A shallow campaign that hasn't been valued to include 145 and 146 if successful and now proof that we have high quality oil at A5 and better flow rates than anticipated. Not many AIM stocks where share price is underpinned by fundamentals. Look around at the favourite AIM stocks and their blue sky valuations based on hype.3 shares for me to hold for next 3 years -;CASPHURSXXThat's where my money is and feel comfortable I'll get a healthy return from all of them.Forget the poor current share price reaction, take advantage of it if you can.Smarty