Caspian Sunrise Share Discussion Threads

[steveh8] 28/4/2020 15:11

Lots of volume today nearly 6m traded

[xclusive2] 28/4/2020 14:37

Big fat liar discount...lol, you tell him Control1 !

Yep, the 'TRUST' factor certainly isn't in play here. Not as bad as my favourite Spinner, old Fulogas, the master of FBS (fluent bull shoite).

Expectation v delivery has always been an issue, that in itself wouldn't be a disaster if you could believe or even understand the communication. There have been sooo many misleading RNSs, the Geologists or those with industry knowledge have no idea what language he's communicating in, ah yes, Carverspeak, almost up there with Fulogas.

I have communicated with Spangle on and off over the last 13 years ! and we've observed the language of excuses develop. We could write a book on how many don't make any sense, yet they keep on coming. The worst one for me was the recent A5 1500bopd announcement which was totally misleading, i want to call it downright lying but they will extrapolate the flow rate which probably at the rate for a few hours translated it into 1500 bOPD. There's the rub, there wasn't much oil so that was obviously a fib, it was probably a mixture of oil, mud, water etc.

That's the problem with COC (Obfuscation Carver), it's almost impossible to get the true picture. I want to trust the communication but even yesterdays announcement left punters wondering whether 153 was really flowing at 200 bopd as they were trying to assess the optimal flow rate. Normally you'd accept that it flowed at 350bopd on X choke, now 200 looking for the best choke setting etc but we've heard those words before with A5, the optimal choke setting....lol

Potential for multi-bagging is still here and i'm guilty of staying heavily invested as FOMO is in play. I will look back in a few years and mutter to myself, you silly foool, you silly fool.

[roy1982] 28/4/2020 14:11

DAVID BLACK
they will be 30p come September

[control1] 28/4/2020 14:01

Big fat liar discount now well and truly endorsed, see thats what you get for not being straight with people Mr Carver...Meanwhile, I'm have great fun at GDR and C4XD so big thanks to GSA for those...

[davidblack] 28/4/2020 13:45

50p ones though.

[roy1982] 28/4/2020 13:28

flawless traded in his shares for a 3d printer and now he's making surgical masks

[hallow] 28/4/2020 13:10

Poor old flawlesskicks, his 4,000,000 shares can't be worth much at all.

[dhb368] 28/4/2020 13:01

Nail - Head *bang*

[picardy] 28/4/2020 12:59

It seems to me the problem lies with the management of the Company rather than its underlying business.

[dhb368] 28/4/2020 12:55

Current movement restrictions end 30/4 so unless extended we can get moving quite quickly with the acid etc.

April production numbers will also show approx 1800bopd but there may be lower sales if transport has been impacted by the closedown. All very short term and lots of opportunity for positive RNS over the next weeks.

[xclusive2] 28/4/2020 12:52

The games continue and our Casper is in the new trading range of 2.5-6.5p ish. There's 100%+ profit to be had if traded well and unfortunately, there's no earth shattering news to break the ceiling.

The CV19 is a moving feast and hopefully the light continues to shine brighter. The Kazakhs will be hurting as c 65% of their exports come from oil and gas, the rest from metals/ores, Chemicals, Farming and Agriculture. Their currency is devaluing against other key currencies but the government had c $60bn 'rainy day' fund to support the economy for some time to come.

Oil and Gas is critical for a lot of the 'Stans' but Kstan are able to protect their most valuable commodity.

Next trigger is back to work and oil price north, Casper share price will appreciate along with all the other solvent oil plays.

[maxim1999] 28/4/2020 12:22

The fiscal deficit in Saudi and the looming Russian election are major factors. Although Putin probably knows the count already . Both countries heavily reliant on oil income and even more so when other sources of revenue like tax receipts in the rest of the economy are in free fall. China is using the sell off in assets as an opportunity. Vast buyer of soya etc and building huge strategic oil reserves .

[xclusive2] 28/4/2020 10:50

Now is the time to be buying the depressed oilers, those that will see the other side of this crisis. All about supply and demand as always and currently supply is winning.

Supply/Demand factors
Shale oil companies slaughtered regardless of Trump intervention
Rig count collapsing
Opec+ next cut could be up to 25m
Covid 19 infection subsiding and demand will increase
Asia, 60% of world population and getting back online
Political games, another crisis with Iran etc


People talk about green energy and zero carbon, that's decades away. The population is estimated to grow by over 2bn in the next 30 years. Green will play its part but that's going to be evolution not revolution.

Just need Opec+ to cut further, just for 2-3 months whilst demand picks up and hey presto, all those oil investments are looking a little rosier again.

[maxim1999] 28/4/2020 09:06

I welcome the fact things appear to have Norm alised

[roy1982] 28/4/2020 08:57

the new norm for casp is 3 to 4p

[togglebrush] 28/4/2020 08:56

Sad to report Norman Wisdom died 20 October 2010

[ngms27] 28/4/2020 08:51

Does the new Norm have Wisdom?

[rutter] 28/4/2020 08:38

Welcome (back) New Norm

[timberwolf3] 28/4/2020 06:27

Think i prefer the New Norm.

[dhb368] 27/4/2020 23:50

Makes you wonder whatever happened to the old norm.

[spangle93] 27/4/2020 21:38

Congrats on your very first post under that name, New Norm ;-)

[the new norm] 27/4/2020 20:53

Just re-reading the operational RNS updates for 18th and 30th March 2020 both confirmed and then reconfirmed the suspension of the drilling programme at MJF due to the fall in world oil prices.

Whilst todays RNS confirms the initial flow rate of 350 b/d @ 153 is slightly down on the anticipated 500 b/d(30th March RNS) I had expected to see this 'bad news' being trumped by the 'good news' that the MJF drilling suspension had been lifted and CASP should have another new well producing c.350 b/d in the current quarter, based on how quickly they managed to get 153 drilled and flowing.

The share price fall today is probably down to it being just a bad day to issue an Oily related RNS with WTI/Brent plummeting again - any potentially good news just being ignored by PIs as they make a rush for the exits!

Suspect the market will wake up to the lifting of the MJF drilling suspension and what it means for the share price over the next few days.

[spangle93] 27/4/2020 18:42

Ironic - we wait years for the licence that allows us to export at international crude prices, and then when we ramp up production, the international crude prices fall to the level of the domestic prices!
(although these will also have fallen..)

I'm struggling to find any physical link/rationale behind a cracked link in tubing and the inability to produce at a commercial rate. The best I can manage is that due to the cracked link, there is a limitation to the pressure they can drawdown.

[dhb368] 27/4/2020 18:35

As you say smarty buyers will return. At the moment there are a lot of 'opportunities' around, but most FTSE (and ALL US) companies are still overvalued even if they appear cheap. These will have further falls to come when the real economic damage slowly reveals itself.
Oilers have already been hit twice and most are near multiyear lows. The oil price WILL rebound regardless of lower economic activity as supply is cut.
There is nothing safer than a fully funded, profitable at $20 oil stock with potential upside. Those needing a JV or cash are a different matter.