Caspian Sunrise Share Discussion Threads

[evilblues] 18/5/2020 09:06

Cheeky SB pour moi

[xclusive2] 18/5/2020 09:04

You adding BBerg ? or if not do you know who is ?

[bloomberg2] 18/5/2020 08:36

Here we go boys strap in tight !!! Buying spree kicking off

[rutter] 18/5/2020 08:09

Only if our seller stays away

[bloomberg2] 18/5/2020 07:22

Morning Campers!! today will be a blue day for Casp https://youtu.be/FYH8DsU2WCk

[hallow] 17/5/2020 20:44

Will this be the week in which Clive tells us what he has been sitting on, for such a long time.

[maxim1999] 17/5/2020 17:30

Oil price $32.40. I am guessing it will be over $40 in the next month. US will be out of lock down soon , and probably prematurely , but that will demand up and drag the price of crude with it.

[xclusive2] 17/5/2020 09:00

Think this needs a good update. You can see from shallow wells that they flow at different rates dependant on location. The old P2 was 29.3m barrels, 18.3 P1 and it needs the CPR together with an assessment on Ablolck as soon as they get a well flowing.

I can’t make sense of the MJF current volume as they have stated that an additional 1000 bopd from 150/153, previously at 1269 in March so 2300 ish. They made the statement that capacity from shallow ops is 2300 when licence upgrade sorted but daily aggregate production was in excess of 2000bopd, that was on the 4th May yet this weeks announcement was 1700bopd.

Our Clive has never been good with numbers but we should be seeing 2000bopd but I sense that they’re taking wells off line mor maintenance, work overs etc.

All I know is that they’re going the right way, not needing funding and have 17 shallows and 4 deeps to try and convert with other deeps to follow.

Not a bad punt from this level !

[togglebrush] 17/5/2020 07:58

Reported production has only recently returned above 1,500 bopd after a year in the doldrums … see header... which may be why the share price isn't sparkling ???

[dhb368] 16/5/2020 19:32

Agree Konil 'years of non-delivery' is the key. If the next RNS is A5 flowing, we will not see a real reaction until we gate a follow up 'still flowing'

Too many have lost trust in the quality of the information contained in any RNS and whilst the last few have been better we are still a long way from perfect.

BUT the rubber band is now taught and each piece of news will build until we fly.

[maxim1999] 16/5/2020 17:29

Ploughing through the weekend FT. Lots of interesting thoughts on equities , bonds etc.But the pervading view appears to be at some stage inflation kicks in , and oil price recovers . Clearly does not help CASP as it appears to be in the very short uncorrelated to the oil price. How ever this will not always be so. As has been said the shallow success will drive us higher and that will be accelerated by a deep success. If it goes to 11p you triple your money from here. That's roughly what it think it's worth from here.

[konil] 16/5/2020 15:34

no mystery here. years of non-delivery on the deeps has resulted in the market writing this one off. the slowly improving shallow production story (itself somewhat tainted by the nonsense timetable put out last year for infill drilling which raised false hopes) and the possibility that they may get a result from one of the deeps eventually are not something that interests the market any more - until actual delivery.

so the share price reacts like all other dogs in the market, drops on general market malaise but no/limited rise when market improves.

in another year or so when the shallow programme is nearing the end and production revenue is shown in the reports, there will be more correlation between value and share price

for anything significant to happen to the share price sooner, my guess is only a consistently flowing deep will do it.

would be delighted to be wrong!

[the new norm] 16/5/2020 14:13

Perhaps the A5 news will come within the next few weeks so CC can bask in the 'told you so' afterglow at the June AGM?

[xclusive2] 16/5/2020 13:33

Norm,We can scratch our heads but we know we'll go north at some point. A5 disappointment added to the decline but m/cap of £70m with current production and the value from MJF when CPR factored in, it's a steal. They persist with the deeps, they believe they get A5 to flow, it only needs one to build in some blue sky as the rest are appraisal wells.Many bags to be had.

[the new norm] 16/5/2020 10:39

Totally agree with you X2, its illogical.

CASP was at 8p just before the big POO plunge in Feb/March. Looks like CASP tracked the fall in brent and hit the recent share price low in tandem with brent low.

Brent has roared back in recent weeks but no real reaction from CASP?

Even if we were tracking Brent back up we should be 5p +

Factor in the extra 1000 bpd from the new shallows announced after the POO plunge, and CASP should be back at 8p!

Ah but I hear people say what about the impact of CVD19 surely that's holding CASP share price back.....dont see why when KAZ has had relatively few cases compared to US/Europe/China and KAZ is coming out of lockdown on Monday!

Yup totally illogical

[xclusive2] 16/5/2020 09:50

I'm not sure if many read oilprice.com but some good content on there much from many sources, bear and bull. The politics changes all the time but reading the NOPEC Bill the States are looking to pass. All I know is that demand is picking up, production is dropping and oil prices are already 80% up from the recent low, that's unbelievable !Don't know what Casper are doing at 3.75p but hey this is the stock market and it's illogical .

[rutter] 15/5/2020 15:42

Thanks togglebrush. That's encouraging news

[konil] 15/5/2020 15:05

hopefully that means casp get the acid for the 3 deeps.

[togglebrush] 15/5/2020 14:58

The Astana Times
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Extract
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After nearly two months in lockdown, life in Kazakhstan is slowly returning to normal, as Kazakhstan moves to reopen places of worship, hotels, small cafes, and summer terraces by May 18. Starting on May 13, domestic flights resumed between Shymkent, Aktau, Uralsk, Zhezkazgan, Balkhash, Urdzhar, and Zaisan

[konil] 15/5/2020 14:26

what? you want me to stop posting "update on a5 overdue" on a daily basis?

ok then, spoil sport.

hallow, the stage is all yours.

[xclusive2] 15/5/2020 14:09

K,I'm not expecting an A5 update til June. The 4/5 RNS was advising they were going to mobilise rig and operations conducted at a controlled pace, both A5 and 151.Should be news last week in May, early June and hopefully the continuing mud challenge is resolved. They wouldn't go back if they didn't believe it will glow. A successful result together with another decent producer at 151, that'll shake things up.

[konil] 15/5/2020 13:00

i'm taking on a hallow-esque persona - update on a5 overdue.

[dhb368] 15/5/2020 11:53

Hallow. The post-mortem for the govt on this will not be very pretty.

They had weeks to plan for this and yet we still get the excuses that they aren't incompetent, just look it because other countries were 2 weeks ahead etc. Other countries had LESS time to plan so we should look better in comparison.

When your leader does not take anything seriously, anyone who speaks their mind gets the sack and the PM (Cummins) fills the cabinet with yes-men is it surprising that the country feels like a circus.

They have cancelled orders for ventilators even though we may/will have a second wave and the UK still has less than a quarter of the number of critical care beds that Germany has, half that of France or Italy.

We couldn't even be bothered, or worse didn't have the capacity, to test OAPs for CV before sending them into a care home. Killing how many?

The outlook for the UK as a whole is pretty grim, a choice of fall in with the EU post-brexit, get screwed by US/China. Pound will get hammered as we lose another decade of growth and any significance on the international stage.

Oil and Gold are priced in $ and should be a safe haven from a weak economy and pound.

PS: Not sure where all that doom came from, I will blame you Hallow :)

[picardy] 15/5/2020 10:40

Today?! Dude, where have you been?