Caspian Sunrise Share Discussion Threads

[snaps1] 12/11/2017 19:58

TRE.. get off the board please. The only real member here is you.

[therealenigmatic] 12/11/2017 19:03

Zico I couldn't be certain but I suspect you've been a "member" for quite a while !

[hotdeal] 12/11/2017 18:36

He's an idiot

Ignore him it's past his bedtime

[1enigmatic] 12/11/2017 17:53

I before the E1 except after C. Ho Ho Ho

[zico01] 12/11/2017 17:51

TheRealEnigmatic A member since 29 October 2017 only

[therealenigmatic] 12/11/2017 17:39

"Therealmakebeleive. Disgusting language showing your class". Hahaha you can't even spell believe.....what a moron!!

[1enigmatic] 12/11/2017 17:16

Therealmakebeleive. Disgusting language showing your class

[bullinachinashop3] 12/11/2017 16:08

Agreed creed

[credock] 12/11/2017 15:13

Big news on here in the next three days before meeting. This will be double the price by Friday.

[xclusive2] 12/11/2017 13:47

Enigmatic, The Enigmatic, HiIQ, Flawless, CoffeeCups et al,Not being rude but we don't want the effin and blindin on this thread, take it back to LSE and bicker over there let's keep to the subject and that's making a few quid from investing here.Timber,You never know what's achievable and what the real P2 no is. 29 would do for me but maybe they accelerate plans if they get the current deeps to flow, they have nothing to lose, only issue will be some dilution which will be balanced off with greater P2.News this week on 145 actual stable flow rate, 146 and A5 statement starting flow test.Smarty

[timberwolf3] 12/11/2017 11:43

konil, smarty - thanks for BW . Smarty i asked CC last week if they thought BNG would get a 49 year licence ( to get a 49yr licence they need to prove up over 700mbs), his reply was ;

On the 49 year licence point we do not expect to reach the threshold for any of the shallow fields.

However, if we have three successful wells on any of the deep structure it is possible. For example if we have sensible reserve estimates for A5, A6 and the soon to be spudded A8 we may well cross the threshold for a 49 year licence.

[harrissen] 12/11/2017 11:29

exclusive2, you could also ask what do they mean by Dosbol Zholdybayev 'moving' his shares.
Is the extract bit below the answer - 'moving to his own account'?
Or is he selling as you think?



Baverstock however will be seen to be transferring some of the shares Kuat Oraziman is gifting shares to and those Dosbol Zholdybayev is moving to his own account.

[xclusive2] 12/11/2017 10:33

Whoever is going on Thursday, hopefully you'll be able to post op, good luck with that. Some questions -;- What P2 no do they think is achievable from BNG ?- Are they looking to acquire more acreage ?- Raising funds for infrastructure costs, what are they, what amount, when ?- Plans to attract additional investment, institutional, JV etc ?- Exit price and timeline ?I think this is now a medium term play to prove up as much as they can and to make the company look as attractive as possible pre acquisition. Key ingredients -;- Continued deep and shallow success-More acreage- More seismic- Infrastructure planningThe prettier they make this look over the coming months,the sooner an approach will be made. If it's not the right number then they'll continue with the plan until they can get numerous suitors involved. Gone in 3 years but probably sooner if they can build the P2.Smarty

[hallow] 12/11/2017 10:18

Big news due here this week.

[1enigmatic] 12/11/2017 09:11

gerund or present participle: gloating
dwell on one's own success or another's misfortune with smugness or malignant pleasure.
Therealmakebeleive Mr sado looks like Flawless got it right again. Following him and cc on various boards and you being a ex tier 1 yeah sure you were How's the visits to Milton Keynes job centre going Ho Ho Ho

[konil] 12/11/2017 00:41

timber, all the best for tuesday.

[hotdeal] 11/11/2017 21:07

How is it lukewarm please enlighten me to your post

[therealenigmatic] 11/11/2017 20:25

I wouldn't be so sure lukewarm deal

[hotdeal] 11/11/2017 20:14

CASP WILL RISE THIS COMING WEEK



Caspian Sunrise PLC

("Caspian Sunrise" or the "Company")



Shareholding update



Caspian Sunrise (formerly Roxi Petroleum plc), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with the following changes in the shareholdings of the Company.



Introduction



Caspian Sunrise announces that Kuat Oraziman, its CEO and largest shareholder, has agreed to gift the majority of his Caspian Sunrise shares to his two adult children, who, following the gifts, will each be interested in 21.21% of the Company.



Mr Oraziman has also agreed to gift 18 million shares representing approximately 1.08% to an unrelated individual.



Mr Oraziman, 55, remains CEO and committed the to the success of the Company. After the gifts he will remain interested in 2.23% of the Company..



Neither of Mr Oraziman's adult children will be employed by the Company, there will be no changes to the Caspian Sunrise board or in the future direction of the Company.



Background



Following the completion of the merger in June 2017 between Roxi Petroleum PLC ("Roxi") and Baverstock GmbH ("Baverstock") and the associated conversion of $10.1 million debt to equity at a price of 10p per share, after which the Company was renamed Caspian Sunrise PLC (together the "Baverstock Merger"), Kuat Oraziman was interested in 763,706,614 shares representing 45.74 per cent of the total issued share capital.



Share gifts and resultant holdings



Following the planned gifts noted above Mr Oraziman will be interested in 37,285,330 shares representing 2.23% of the total issued share capital.



Ms Aidana Urazimanova, Mr Oraziman's adult daughter, will be interested in 354,210,642 Caspian Sunrise shares representing 21.21% of the total issued share capital.



Mr Aibek Oraziman, Mr Oraziman's adult on, will be interested in 354,210,642 Caspian Sunrise shares representing 21.21% of the total issued share capital.



The gifts are part of a planned transfer by Mr Oraziman of several of his interests and in no way diminish his interest and ambitions for the Company.



Management continuity



Kuat Oraziman has been the dominant figure in the Company for the past five years. He has taken the lead in both operational and funding activities and much of our current success is a result of his actions.



With the BNG licence renewal agreed and drilling success at both our BNG shallow and deep prospects, it is reassuring to know Mr Oraziman will continue to lead the Company for the foreseeable future, and that his adult children, share his and the board's vision of the future direction of the Company. Mr Oraziman's adult children will control between them 42.42 per cent of the issued share capital and with him 44.65 per cent of the issued share capital,



In addition to his continuing 2.23 per cent stake in the Company, Kuat Oraziman remains interested in options over 11,360,670 shares, exercisable at prices between 4p and 65p per share between now and August 2024.



Consequential changes at Baverstock



To aid transparency following the Baverstock Merger, it was the intention of the four Baverstock Quota-holders, including Kuat Oraziman, to split the holdings of Baverstock into four separate holdings, one for each of the four Baverstock Quota-holders. Following the planned share gifts by Kuat Oraziman (set out above) and those planned by Mr Zholdybayev (set out below) it is no longer necessary to separately identify the shares held by each of the Baverstock Quota-holders.



Mr Dosbol Zholdybayev intends to remove 87,432,410 shares representing 5.24 per cent of the issued share capital.



Following the planned share gifts, Baverstock will be interested in 240,943,848 Caspian Sunrise shares representing 14.43 per cent of the total issued share capital, of which 195,430,964 shares representing 11.70 per cent of the total will be beneficially owned by Dae Han New Pharma Limited.



Shareholder agreement



In connection with the planned share gifts Ms Aidana Urazimova, Mr Aibek Oraziman and Kuat Oraziman have agreed not to dispose for 12 months of any of the 763,706,614 shares currently owned by Mr Kuat Oraziman without the consent of the Company's Independent Directors.



Separately, in a private agreement, the adult children of Mr Oraziman have agreed not to sell any of the shares to be transferred for a period of 3 years without his consent and that Mr Oraziman shall have the right (but not the intention) to re-acquire the transfer shares at the end of the three-year period.



Shares in Issue



Following the proposed share gifts by Kuat Oraziman noted above, the total number of shares in issue will remain unchanged at 1,669,673,820 ordinary shares of 1p each, which number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.



Comments:



Clive Carver, Executive Chairman said



The planned share gifts are part of wider changes to Mr Oraziman's investments and in no way indicate any loss of interest on his part or doubt about the future success of the Company. Quite the opposite.



The proposed gifts provide stability, which will allow the management team to run the business to meet both its short-term objectives and to plan for the medium term.



Following the planned gifts for Caspian Sunrise it will be business as usual.





Ends






Caspian Sunrise PLC




Clive Carver

Executive Chairman

[phone]







WH Ireland, Nominated Adviser & Broker




James Joyce

Jessica Cave

James Sinclair-Ford

[phone]







Yellow Jersey PR [phone]

Tim Thompson






This information is provided by RNS

The company news service from the London Stock Exchange


END



UPDUGGRGGUPMGMB

[therealenigmatic] 11/11/2017 18:38

And Tideway goes from strength to strength. Winners and losers, winners and losers !!!!

[therealenigmatic] 11/11/2017 18:16

Just saw on LSE how much money FK has lost recently on CASP. Great news....made my weekend. Also seems as if quite a few have figured out what a fraud Coffee Mug is.

[xclusive2] 11/11/2017 11:23

TW,Re Dosbol, I don't believe that's the case and it would be a paperwork exercise off market. Any selling and repurchasing would incur CGT ? Not sure about tax implications and if you were intending to do that it would be one buy/sell transaction.Some of the sells have been sizeable trades and there aren't many PI's that have that firepower and I believe it's a very large holder. If you look back to 2014 and see the buying post A5 news, not as much buying but far less selling, that's why the share price shot to 25p.I'm not fussed about the selling as my agenda has always been to see this out to the end and situations like this create opportunity for some who do have deep pockets. The only way we lose here is if it's a fraud but that is very unlikely. share price is underpinned by shallows and everything else is bunce.Harrissen,Yep, you're probably right re the average punter and nothing wrong with a little trading around the edges but the real money will be made by holding to the end game which will be an exit to a major. Each to their own (-:

[timberwolf3] 11/11/2017 10:56

Smarty- i am having a minor operation on Tuesday, if i am fit to travel i will go to presentation on Thursday.
Just a thought but regarding Dosbols transferring stock from Baverstock into his own account, would that entail simply signing a form or would he have to sell and buy back( lots of matched trades have appeared lately )

Harrissen - i have added a number of times recently funded by selling down my holdings in other companies, no selling here from me.

[harrissen] 11/11/2017 10:37

Had a look back over the November trading days to date and there is no evidence of excessive selling. As a matter of fact the buys equal or outnumbered the sells most days. So why say there is a big seller operating here beats me.

Are there shorters at work by any chance?
Or looking for a lower entry point to trade it again.

Some LTHs posting on here seem to have an endless supply of funds to keep 'topping up' every time the price dips. Or could it be the same funds being churned around endlessly on short term trades?
Surely not!