Caspian Sunrise Share Discussion Threads

[xclusive2] 03/6/2020 16:09

Believe the sellers are PIs. Could have sold 300k most of the morning at 3.9p ish so obviously no panic seller in the wings. Suggest same as the 250k buy from a PI, same goes for our seller.

Max, re 151, maybe they've accelerated opps knowing oil price back at manageable levels but i'm not expecting much.

Our problem is credibility which equals apathy with the investor base. Shouldn't be at 4p but we are and lack of volume means that nobody buying the deep story anymore but even without that, plenty of money to be made. They won't dump the deeps, they've seen the oil and they know that the first success is the catalyst to propel them to that multi billion player, not the 2 bit sideshow it is today, a business that turns over less than my piddly business, only difference, i make money !

[maxim1999] 03/6/2020 14:51

Should be hitting target depth for 151 this week or next if they are doing 70 m a day .Acid been delivered at the deeps ?

[the new norm] 03/6/2020 11:45

Hey welcome back Mr Sellerman, how was your holiday!

[xclusive2] 03/6/2020 10:30

How things change hey. At IPO and for many years, shareholders , whether PIs or Institutions, they were important but now the shoe is on the other foot and tables turned. A bit like any Dictatorship, whatever the leader wants he gets unfortunately and it's our choice to accept it or sell. I choose to stay in knowing that the KO makes considerable dough from the share price appreciation unless he wants to keep running as a lifestyle biz buying worthless assets from family and mates and raising the m/cap whilst depressing the share price I don't believe that's the game as they could dump as much bad news as they wanted and they're desperate to get the deeps flowing and to be that mid-sized successful oiler that will acquire more acreage and probably be a services company for other small caps in their geography.

SP will ping, i've taken lots of stock from low to this level and just have to wait for nature to take its course.

[dhb368] 03/6/2020 10:15

Agree Smarty, Once CASP hits fair value, whatever that is, I will re-balance. Having said that if it was where I think it should be I would be very overweight and need to adjust anyway.

The problem with CASP is also its strength in that it is run for the benefit of KO, but he has a lot of skin in the game. It just means that communication with shareholders is a low priority and the short term share price is not an issue for them.

[xclusive2] 03/6/2020 09:57

DHB,

Everything i hold has gone up in the last couple of weeks, TXP, BARC,JAY,RDSB. In and out of the FTSE stocks, not in Crest currently but the runt of the litter is the largest holding, sods law.

Found it hard to sell any Caspers and reinvest elsewhere as always feel i'm diluting the main holding and will get a far better return from this level, unfortunately, that hasn't happened, yet. Hindsight is a lovely thing but i should have released a chunk, played the other stocks in larger volumes, all winners btw and then add more Caspers. That's probably a poor strategy too as i should probably even out the load as opposed to tinkering around at the edges. As soon as Caspian re-rates, i'm going to have a rethink and probably invest more in boring stocks.

Smarty

[dhb368] 03/6/2020 09:56

Come on CASP! Every stock that I am hold (-HUR) is marching on as if $20 oil and CV19 was just a bad dream yet you still wallow down here FFS.

I am beginning to wish that my holding here (calling it an investment seems a stretch at the moment) was just a bad dream as well.

As much as Smarty is doing to support the share price :) a complete lack of confidence in the management is holding this back. This lot is making Boris look almost adequate.

The silimarities between the quality of information contained in CASP RNSs and BJs daily 'fictional' CV19 briefings is scary.

[xclusive2] 03/6/2020 09:25

Not me Steve. I’ve got carried away but if it was at IPO I’d have more than a declaratory interest by some way !

Don’t get the apathy and share price Actually I get the apathy due up years of poor comms but share price v value is out by some way, that will come right and move quickly, let’s hope !

[steveh8] 03/6/2020 08:59

Is that your 250k buy at 4p smarty?

At this rate you will soon be the majority shareholder in the company ;-)

[xclusive2] 03/6/2020 07:38

Over $40 as supply/demand equation changes but it's got here to fast and it now depends on the cuts agreements being held in as demand has a huge way to go. Casper missed out on the bounce as nobody interested. That penny is taking a long time to drop !

[maxim1999] 02/6/2020 19:50

Oil at $39.47 !!!!!!!

[xclusive2] 02/6/2020 14:23

There ya go again K, that's Hallow's job.

Probably won't get Finals until next week or week after when they have latest production numbers and you're a better man than me if you can tell me what they truly are.

[konil] 02/6/2020 13:48

hallow, did you forget

4/. a5 status

[hallow] 02/6/2020 12:42

The New Norm

Tim Field is at Caspian to handle the takeover negotiations.

[the new norm] 02/6/2020 11:52

Yes Hallow what is the point of TF

Line from an old Dire Straits song springs to mind!

"That ain't working, that's the way to do it, money for nothing and the chicks for free"

"Maybe get a blister on your little finger, maybe get a blister on your thumb"

"That ain't working, blame it on CVD!"

[hallow] 02/6/2020 10:07

Tim Field

Timothy Field
Non-Executive Director
Tim is a corporate lawyer specialising in securities law and corporate governance. He is a consultant to Mischon de Reya which he joined from the City office of Addleshaw Goddard where he led the equity capital markets practice. His role prior to that was as Middle East Regional Head and Head of the Corporate and Commercial practice of Simmons & Simmons. Tim has a long and significant track record of advising AIM companies and Nominated Advisers.

Tim was appointed a Non-Executive Director of Caspian Sunrise in January 2019.

[hallow] 02/6/2020 10:06

Get on with it Clive


Here is the prompt you seem to need

1/. How much oil are you sitting on

2/. What is the high price per share takeover you are demanding.

3/. What is Tim Field doing at your office apart from staring out of the window
looking at the traffic passing by.

[xclusive2] 01/6/2020 21:30

Oil edging closer to $40.



2018 final results above and i'm interested to see the 2019 comparison. They were bullish re the deep prospects, making the 58km2 statement and feeling positive re A5,A6 and A8. They have made progress on the deeps ie finding oil from all deep drill campaigns but as we all know, finding it and flowing it has proved difficult, i believe that's an understatement. A5 was the first success back in 2014 ! the other wells are appraisals so it's just a case of using the right techniques to commercialise wells drilled to date. The issues as we all know are the weight of the barite mud, so overbalanced drilling to deal with the heat and pressure and associated blow out risks. Many companies fail to find oil, that isn't the case with Caspian, their challenge is the heavy mud and subsequent blockages experienced over last 6 years. The oil is there, the big question, what needs to change to convert current wells and what new techniques can be used to ensure new wells at $10m a pop are successful.

They've moved MJF forward, not to the published plan but the field looks capable of delivering 6-8kbopd pm, that in itself makes a mockery of current share price They finalised the export licence so revenues will go up and the oil price imo will return to 2019 average levels by year end.

Worth a punt @ £70m m/cap when the MJF field is worth 3 times that, probably more.

Clive, you changed the company name to Caspian SunRISE in Mar 2017. You published an IP that i have tucked away in my drawer that i review once in a while and as we all know, the expectation v delivery is laughable. Time to stop dumping assets into the Caspian shell, the tax maneuvering etc and deliver the operation results on the deeps. You're a listed company that's being going for 13 years now and the m/cap is no different from the IPO, the major difference being the share dilution x10 and the s price depreciation by the same amount from 38p to 3.8p ! I think it's time to do what you're paid to do and that's to increase shareholder value, that's what i invested in back in 2007 and not this financial management for the select few and the Orazinan clan !

[hallow] 01/6/2020 19:58

1 DLAR De La Rue Plc 119.00 192.02% 78.25 4


De La Rue had an amazing day today.

[sparusty] 01/6/2020 18:21

British Bulls is notorious for being wrong most of the time.

Somebody left the 'Hit of the end of their name.

Come on Casper.

[hallow] 01/6/2020 17:08

British Bulls showing Caspian Sunrise as a buy


CASP.LCASPIAN SUNRISE
Last Signal:BUY
Last Pattern:BULLISH HARAMI
Last Close:4.0500Change:+0.3250Percent change+8.72%Signal UpdateOur system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 3.8750, and our valid average buying price stands now at 3.9120. The previous SHORT signal was issued on 21/05/2020, 8 days ago, when the stock price was 4.0100. Since then CASP.L has fallen by -2.44%.

[xclusive2] 01/6/2020 16:26

I'd rather be calling you 20p+ , that would be the New New Norm. Oil prices will probably bumble along at this level for a month or so as the market gets to understand the true supply/demand equation.Good news please Clive.

[the new norm] 01/6/2020 13:16

Hey X2 you calling me 4.05p!!

I've never been known to be that cheap! LOL

[xclusive2] 01/6/2020 11:32

I’m on the same page and the only thing that will stop it will be CV20 the sequel. China have locked down a province again but if we’re sensible, we’ll manage it but not sure about the States.

We’re all waiting for the penny to drop with investors, good news will help considerably. Peeps are treating the current share price as the new norm, it isn’t and won’t be down here for much longer.

As i type, oil crept over $38, doubled in a month ! Revenues will be improving for all oilers although that also means that supply will probably increase as certain operators, especially shale continue to cling on. Funny ole game supply and demand and would be good if oil stays down here for the next couple of months to curtail any over production.

[maxim1999] 01/6/2020 10:35

Just spoke to a commodity analyst. Global demand for crude will be driven by US motorists it seems who as lock down continues to ease will drive a lot more encouraged by low petrol prices. Her target was $62 year end.Who knows but that would send the earnings for CASP haywire.