Caspian Sunrise Share Discussion Threads

[dhb368] 14/5/2020 12:32

Like you I am not overly concerned but would be happier with some clarification.

Doubt that I will get it, but can try :)

[xclusive2] 14/5/2020 12:20

Apologies DHB, I didn't read the correction. One to clarify as i can't make the numbers stack, nothing new there. Either wells offline but it would be good to get more clarity from Casper -;

- What is the breakdown of the April number per well
- Same for May mtd
- Sales nos need reporting

I suggest you all write to Clive and ask the question as we're missing withholding material info. You can also contact the Nomad if no response .

[xclusive2] 14/5/2020 12:06

Yep but i suspect they're on a go slow. They stated that they'd dictate the pace at 151 and the G50 rig is fixing A5. Need clarity on oil sales v cash advances from traders, as ever that's more obfuscation and if no clarity i'll have a chat with the Nomad as that's material info that they have and are not sharing. I suspect they're storing oil and getting help from traders but we need to see sales numbers.

[dhb368] 14/5/2020 12:02

Smarty. They have 'corrected' the RNS to say "Production to date in May 2020, is approximately 1,700 bopd"


April was 1623bopd including some (2 weeks?) 153@200bopd, so say 1523 excluding 153.
It was producing at 500bopd RNS 5/5/20 and continues to do so, so why is current May production not 2000bopd. Yelemens has been offline since January.

[konil] 14/5/2020 11:54

update on a5 overdue.

[xclusive2] 14/5/2020 11:39

A positive update.

We haven't lost 300 bopd DHB, the production would be c2.3k if 150 and 153 were still producing at 500bopd. The 1700 reflects 153 production only for a few days so May numbers should be c 2000bopd until Yelemes licence upgraded and can sell at 'export' prices, that's good news and their expecting a production upgrade, more good news,

The only piece of the jigsaw missing is the oil revenue number. Reading the 4th May RNS they state that oil traders are giving short term advances, maybe the oil is being stored as opposed to being sold hence the lack of detail. Can't see where Casper store 60kbopd pm going forward ? maybre the local traders are storing it in tankers but important we get clarity on that.

I'm not overly worried if KO and local traders are behind the company, G&A costs are down and people going back to work.

The comment in the 4/5 statement re tenge v $ benefits, why make it if not getting paid ? Needs clarifying though.

Also no update on 151 and they stated that they would dictate the pace. Maybe it does point to the storing of oil and getting advances from the OTs until things get back to the new norm, pardon the pun.

The company are in good shape from a financial perspective based on the info communicated but they may not be selling all of it. Maybe that's a tactical decision to wait for oil prices to move north or maybe it's a supply/demand issue.

[dhb368] 14/5/2020 11:00

Damn. We just lost 300bopd :(

With 153 @ 200bopd we were producing 1700 bopd (with Yelemans not producing), so have we dropped elsewhere or has 153 dropped back?

[hallow] 14/5/2020 10:59

Well done me for a top up yesterday.

[dhb368] 14/5/2020 10:58

On the face of it good production news as running at approx 2300bopd inc Yelemens and 150/153 maintaining 500bopd so hopefully 2800 bopd by the time 151 is completed.

But are we selling any of it?

[on target] 14/5/2020 10:58

Ah not quite so good.

[rutter] 14/5/2020 10:58

But who's the persistent seller. If PI 's are responsible then they're potty

[swerves1] 14/5/2020 10:55

More Carverism - production figures amended to 1700bopd from 2000?

[maxim1999] 14/5/2020 10:55

Well done me for buying more this morning.Well done Clive . There is significant revenue enhancement opportunities here not just with increased production but with the oil price recovery. Do the numbers on even no increase production and a $20 increase in oil price. Then put that on a 10x multiple to see the impact on the market cap.

[the new norm] 14/5/2020 10:37

Clive be careful you might be starting to get a reputation for giving honest, accurate and consistent RNS statements! It's the new norm guys....

[jostrummer] 14/5/2020 10:21

well done clive and team (again)

[xclusive2] 14/5/2020 09:48

Rutter, let's hope so.Obviously got RDSB timing wrong and even at $30 oil punters are selling it fearful that divis to be pulled for 2020. Many knockers stating the supply case is overwhelming and the cuts haven't dented it yet. I hold the opposite view and the world is waking up but the Bears believe it'll take a year, I don't.I believe the tipping point is not far away as the producers know they can go long at this level. I'm expecting shale decimation and more cuts. The Tanker and storage volume will start to move providing no more CV issues.Busy on the roads in Surrey today and the days of traffic grr driving coming to an end sadly.

[the new norm] 14/5/2020 09:43

June oil futures expire next Tuesday, looks alot calmer at the moment compared to the manic selling in run up to expiry date last month.

Bodes well for poo going forward.

Positive for CASP if Brent stays above $30 and slowly moves back to $40/$50s.

[rutter] 14/5/2020 09:34

Positive news from A5 will cause a lot of regret to those selling That's why I'm staying here

[xclusive2] 14/5/2020 08:59

Trouble is with investing in other stocks, I'm not doing it in size although have a small number of RDSB shares but the the actual value is not to be sniffed at.Re the life sciences, biotech companies, yep I'd have made money but not loads as I wouldn't have committed as much and i made the decision/ to buy loads more Casper. A 3p move on Casper is significant and I made the call to take a risk here, let's hope it works for both of us.There will be buying here, probably the biotech money, Control being one, Dhb on TILS and our George who's in and out quicker than a fiddlers elbow.

[konil] 14/5/2020 08:34

haven't sold any yet smarty, waiting for the big rise to £??, could be here another decade or two!

[xclusive2] 14/5/2020 08:29

Good luck with it K.Control, good to see you having success. You can't knock CoffeeCups for his call on TILS and others, even I wished I'd put a few quid in....lol

[konil] 14/5/2020 03:02

thanks for the warning, wish someone had warned me about casp, its not just money i'm losing its my life ticking away too...

[control1] 14/5/2020 00:16

Evening all, as you know I am on vacation from CASP at the mo, currently in only 2 stocks, ODX and TILS from approx 60p.It's much more fun to own shares that actually go up, I know a few of you are in too, hope you're enjoying the ride..