Caspian Sunrise Share Discussion Threads

[spangle93] 08/7/2020 16:16

Thanks smarty. I just wondered cos I've seen some fairly whacky suggestions by remuneration consultants as to how salary equivalence is calculated, in which risk is a denominator.

In other words let's say Carver earns $6k/month, as he actually does. ¦-( If the share price is 3p, then he would get 200,000 shares in lieu of his salary, if it's directly calculated.

However, there are some proposals that work on the principle that the salary is risk free, whereas taking the money in shares has risk that the value might fall. In other words, the director should be issued with more shares than directly equivalent, to take this risk into account. If the risk factor is 50%, the "salary equivalence" becomes 400,000 shares.

So, like a technical RNS, what should be a simple RNS becomes cloaked in mystery, in this case because a time frame wasn't provided

[xclusive2] 08/7/2020 16:06

Spangle,

Mr C is on $35000 pm

[spangle93] 08/7/2020 16:01

dhb - LOLOL

Do we know over what period this covers - it merely says "in lieu of a combination of accumulated pay, deferred pay and expenses"

A straight multiplication would suggest that Carver got £72k's worth. [I nearly wrote "earned £72k" but realised that would not be appropriate]. That must be more than a month, surely?

[dhb368] 08/7/2020 15:22

If you got rid of the dead wood there would be nobody left!

[johnwalton] 08/7/2020 14:26

More diluted shares on the market. This drip drip of dilution makes it harder for the little Pi to make a profit.
Perhaps it would have been cheaper to get a bounce back loan or get rid of some of the dead wood.

[xclusive2] 08/7/2020 14:14

It's salary replacement Rutter. They've done the right thing by making salary sacrifices BUT, they can replace that by selling theirs allocation and probably make a few quid. Improves cash flow but they've used another route to fill the salary void, the remuneration in the interims will show how much of a sacrifice they made in H1. I'm taking a hit to 80% with all my staff as a result of Covid but I'm not looking to repay myself the 20%, neither are the staff .I'd have like them to put a higher exercise point to sell them or not exercisable for 6 months. All they need to do is to is to buy a few, get the share price up and cash out later this month, easy.DB,Much that I want a momentous event that shoots the share price northwards, I'm a little cynical on this.The good news, tiny dilution to save company money but Directors not willing to take a pay cut when they're paid handsomely. Maybe another question for the closed AGM.

[rutter] 08/7/2020 13:52

As Tim Field has only just joined the board why has he been appointed 45k sterlings worth of shates

[davidblack] 08/7/2020 12:18

Feels like that was quite a bit of remuneration.

But the upside is perhaps the other directors beyond KO can smell a substantial event on the horizon?

[maxim1999] 08/7/2020 12:13

To the extent that it's more dilution but less cash out it must be good news.There still seems to be a significant asymmetry between what CC etc have taken out of the company in terms of reward versus performance. Irrespective of the operational challenges the management appear ill equipped to cope.Anyway today's news whatever the impact it won't see the shares back to 10 p. Let's have an update that maps out achievements not ever increasing remuneration.Exciting times !!

[dhb368] 08/7/2020 12:06

Indeed, he has never bought any. I was surprised at the lack of director buying at this level preciousness but this is a positive move. The timing is more a case of getting the shares in place whilst the share price is 3p

[stuart14] 08/7/2020 11:59

According to this Clive never owned shares before- mental!!!!

[the new norm] 08/7/2020 11:56

I could be wrong but is this not the first time that Clive has owned a CASP share? Some skin in the game after 10yrs+, well done Clive you are now one of us!!!

[bloomberg2] 08/7/2020 11:24

Must be really short on cash flow

[rutter] 08/7/2020 11:14

I'm interpreting that as a good sign. From Moraira. Costa Blanca

[bloomberg2] 08/7/2020 11:00

Not sure if it's a sign of confidence?

[konil] 07/7/2020 13:33

smarty, re. post 15883, good list.

i suggest we need firmer assurance on asset dilution i.e.
- confirm that no more asset dilution until at least 1 deep is flowing commercially

and one more question:
- re-confirmation of intention to maintain a stock exchange listing i.e. not being taken private


and that these 2 questions are top of the list i.e. most important!

[xclusive2] 07/7/2020 13:25

Anybody invested here should know the operational status, the next updates should read well.

-June production numbers - should get next week, hopefully with revenue numbers so we can see the 70/30 split and net backs

- 151 update end of the month

- Yelemes upgrade and 300 bopd back in the pot, majority to be sold international prices

- A5 - who knows but rig was assembled and on site so hopefully cracked link fixed and maybe an update this month, hopefully positive

Prod @ 1700 today and as far as i understand it, 300 more from Yelemes plus 151 and 152 to follow so could be @ 70000 bopm production in September.

No one can call where oil will go in H2 as there are so many variables and Covid good or bad news is the key driver. I still maintain we get control of the disease and local lock downs will happen but the future trend will be northwards. Less demand, yep but will Opec and Opec+ continue the game as low price oil isn't good for anybody apart from the consumer. Politics can play but i believe we don't have any more price wars in 2020 and oil trades between 40 and $50 in Q3, breaks $50 in Q4. If that happens, maybe Casper drill another couple of shallows pre Winter shut down and who knows, maybe A5 eventually delivers but i'm certainly not holding breath.

[xclusive2] 07/7/2020 09:08

Need to draw up a list of AGM questions to be sent .

- Which Kazakhs are selling, why, what is being done to fix the issue . Retail investors are absorbing the dilution
- revert back to monthly reporting inc revenues so investors aren’t kept in dark
- when are you taking up Options, if not why ?
- confirm that no more asset dilution until share price back above 10p minimum. If they dilute in single digits, then we all know the game
- Baker Hughes , is their input worthwhile as no improvement on deeps
- what are the plans to emply the right skill levels or outsource to a outfit that can ?
- what is the current net back achieved @ $40 & $50 oil price

[hallow] 06/7/2020 18:21

Good day for oil shares all round, Caspian Sunrise must be bigger than RRE.

If only Clive would say what he is sitting on then we could all be very happy indeed.

Exciting times.

[bloomberg2] 06/7/2020 17:40

Well said la

[dhb368] 06/7/2020 17:03

Dont care what shape it is but a recovery to 6p (where we will inevitably pause to let the traders out) is overdue.

[bloomberg2] 06/7/2020 16:43

V shape starting to kick in !! So might be opportunities developing ?