Share Name Share Symbol Market Type Share ISIN Share Description
Caspian Sunrise Plc LSE:CASP London Ordinary Share GB00B1W0VW36 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 3.30 500,627 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.25 3.35 3.30 3.30 3.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 9.13 0.71 -0.05 62
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:59 O 21,678 3.275 GBX

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Date Time Title Posts
16/7/202016:50Caspian Sunrise15,966
12/4/202023:38Caspian Sunrise 2019 -20217,360
08/3/201809:50good update4

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Caspian Sunrise Daily Update: Caspian Sunrise Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CASP. The last closing price for Caspian Sunrise was 3.30p.
Caspian Sunrise Plc has a 4 week average price of 3p and a 12 week average price of 2.93p.
The 1 year high share price is 11.63p while the 1 year low share price is currently 2.35p.
There are currently 1,887,849,455 shares in issue and the average daily traded volume is 315,928 shares. The market capitalisation of Caspian Sunrise Plc is £62,299,032.02.
xclusive2: Good to see crude price fighting back. Opec/Opec+ and the rest all need oil prices way north of here and selling at a loss just to raise short term cash is a disaster strategy hence the cuts. Reading about Oman, Bahrain, Venezuela etc, all needing $80+, Saudi even higher, the low prices can't be sustained as country credit ratings will be slaughtered, more loans, more interest, disastrous economic consequences. Supply is being slaughtered, rig numbers falling off a cliff, shut ins, oil services and support services slashed, nobody wins with cheap oil. Wouldn't surprise me to see oil go through $60 in Q3 and the only thing that stops that is CV19 wave 2. Caspian share price will go north this year unless the Kazakhs have another agenda. KO and gang get properly rich when the share price appreciates and hopefully there are no more asset games before that eventually happens. If that were to be the strategy, time to leave the party.
xclusive2: Don't see A9 starting until they get clarity on the current deeps. They have licence commitments during the exploratory phase @ BNG but i'm sure there will be some flexibility as a result of Covid. Rutter, re news. Results since Caspian rebirth have been in May but now since we've lapsed into June i believe they will take their time to give them the opportunity to write a positive operational report and forward looking statement. Prod results should be this week though but yet again, they don't really have to do that but they did make the commitment to monthly reporting. Max, your question to better than expected prod numbers from MJF and share price. We know the value of the MJF field as per their P1/2 nos so we know what the field value is over the next 29 years, that alone makes a mockery of current share price As DHB states, zippo in for anything else and a the majority of the deep CAPEX is sunk and ongoing operations a fraction of the cost. They can't continue forever wasting millions on an ongoing deep campaign if they can't master the pressure and heat. The good news, they continue to spend money on the deeps, blind faith or real belief that they can make the 58km2 a reality, not that long to find out.
the new norm: X2 my previous thoughts regarding who the 'seller' might be!! The New Norm - 06 May 2020 - 09:58:41 - 15276 of 15461 Caspian Sunrise - CASP On the subject of agendas, who benefits the most from the current low share price? The Board and KO springs to mind. By accepting remuneration deferrals the ground work is now in place for compensating the directors with very generous share option packages for saving CASP just before the deeps flow. Given the size of KO's shareholding, he could easily release 500k shares a day for sale without the need for any official disclosures, to keep the share price low.
maxim1999: You can argue that 3 to 4 p of the fall in share price is due to the pressure exerted by the seller. Their completion in itself is the same impact on the share price of getting another shallow producing. Let's add this to the list of good news in the pipeline short term that could lead to a re rating back up. Next stop 6 p if the seller is done .
the new norm: On the subject of agendas, who benefits the most from the current low share price? The Board and KO springs to mind. By accepting remuneration deferrals the ground work is now in place for compensating the directors with very generous share option packages for saving CASP just before the deeps flow. Given the size of KO's shareholding, he could easily release 500k shares a day for sale without the need for any official disclosures, to keep the share price low. Probably just lockdown delusion thinking on my part!
xclusive2: A big bunch of shares Credock ? probably makes sense if your average is 14p ! Double up and makes your average less than 10p, sounds like a plan. Market conditions are going to get worst for all businesses and we'll all be making plans or have made plans to conserve cash as the old adage 'cash is king' is vital at these times. Supply chain will be affected regardless of China slowly coming back on line. Containers are in quarantine mode and i'm already seeing constraint on certain brands, parts, consumables etc. There will be casualties if CV isn't contained and we just have to trade through but those with debts etc will be vulnerable and the cycle of non payment or delays on payments will affect us all. We will trade through it but the stock market has a long way to go BUT it will bounce back and a traders dream if timing is good. Re Caspian and the general market. How does it affect them ? Oil price less so less revenue but they're forward selling oil so i guess no immediate effect. Operational costs not high and i'm sure our Clive and fellow Directors would take a pay cut ? 150 success will increase revenue and others to follow. Only issues may be supply chain of parts but hopefully not the case and Caspian will not be like many other OE companies where debt and cash flow are a major issue. Can Casp price drop further ? yes, will it ? depends on 150 and A5. Is current price a bargain ? i'd say yes but i'd personally be waiting to see the next news before adding anymore but many who've taken the plunge or about to have limited downside anyway unless 150 not a producer.
maxim1999: I agree. Ambitious drilling schedules, optimistic broker reports and hopeful RNS's are helpful to the extent they keep us invested.But outside that without a rally in the share price they really have no benefit at all. But being optimistic is the only logical stance if you are an investor otherwise why stay in the stock. I would add, while we wait for any sort of progress to be cemented in to the share price, CC's suggestion that they are no hurry to get A5 flowing and that we are currently enjoying exciting times seems odd choice of phrase. It suggests that they have delivered quickly elsewhere and previous exiting times have naturally been followed by increased production. My position has been growing overtime as I buy more stock . I am assuming that the longer the wait the closer we are to the start of a sustained march up in share price. As things stand this strategy at best is premature and at worst fundamentally flawed. Exciting Times.
roy1982: today I rose out of my bed to find once more the share price red we had ourselves a meeting and Clive said the futures bright but when it comes to Clive we know he's never ever right he says were in exciting times with a5 there's no hurry but I BELIEVE THATS CARVERSPEAK and so I start to worry we need to get the share price up we need to sack this clown it seems to me without the truth the share price will go down
flawlesskicks: dhb - I don't need to be 'hyped' on CASP. I know it inside out and have chatted to the management in detail. You keep going with your negative posts. I have more money to put in here so no problem with what you are doing. The ship was $200million cost and was built 9 years want to depreciate it to $24 million in 9 years? Absolutely stupid. You see it your way and I will see it mine. The ship was a bargain price as KO is going to use it within the CASP company to move us forward. He is purchasing now at 12p a share as he sees this as a cheap price when considering where the share price will be heading. He and Clive can't control the short-term share price - they can only steer us in the direction of success. I am more than happy to keep buying as I was at the lows last year where I increased my holding by around 700k shares between 5-7p. Long live the de-rampers and traders! lol
flawlesskicks: maxim - all I can say is that we were 10.5p before the conference call and looking to head up higher on the news that A8 was going to go on flow. That has now happened. We know that the run up to A5 going on flow, the share price got to 24p. 801, the share price got to 18p. We have never actually see what the share price will do with an ACTUAL flowing well on a 90 day test! A8 is the best chance we have had to get a flow test first time. Clive told us at the AGM that the muds now being used are now very different (more expensive) than the mud used at A5. Should be much easier to clear and circulate through the well. We know that they now have the 1200mm perforating charges on-site and they are very likely to use these to establish connectivity with the reservoir. All in all, I certainly wouldn't bet against this well coming in first time, closely followed by the flow testing of A5. Don't forget, MJF underpins the share price at around 10p currently and at around 20p in 12 months time. MJF alone will allow the share price to re-rate as each of the new drills creates more production and as the work overs of old wells kicks is. CASP is about as safe an investment as you can have on AIM. The downside is limited and shorters should keep away over the coming year with production set to increase so much. If we rise again today, you would imagine that any shorts opened at 14p would start to close off in prep of the flow tests and general news-rich period. They had their fun but we could ping right back to that 14p area over the coming days. A8 flows - 30p imo. Add in A5, 801 and A6 plus the MJF in-fill and we could be looking at a serious multi-bag opportunity here over a short period of time! The oil is there, the wells are drilled and the cash is now available to move the project forward quickly. This is a real inflection point for CASP and for the share price imo.
Caspian Sunrise share price data is direct from the London Stock Exchange
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