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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Caspian Sunrise Plc | LSE:CASP | London | Ordinary Share | GB00B1W0VW36 | ORD 1P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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2.50 | 2.60 | 2.55 | 2.30 | 2.30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | USD 42.95M | USD 9.76M | USD 0.0043 | 5.70 | 55.14M |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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12:51:43 | O | 34,318 | 2.59 | GBX |
Date | Time | Source | Headline |
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16/2/2024 | 16:27 | ALNC | IN BRIEF: Caspian Sunrise MJF Well 142 returns to production |
16/2/2024 | 07:00 | UK RNS | Caspian Sunrise plc BNG Operational update |
21/12/2023 | 15:02 | ALNC | Caspian Sunrise shares fall as interval tested at well not commercial |
21/12/2023 | 07:00 | UKREG | Caspian Sunrise plc Operational Update |
31/10/2023 | 14:26 | ALNC | TRADING UPDATES: Zotefams wins Nike deal; Serinus in licence extension |
31/10/2023 | 07:00 | UKREG | Caspian Sunrise plc Operational update |
25/9/2023 | 09:38 | ALNC | Caspian Sunrise interim results weakened by sanctions on Russia |
25/9/2023 | 06:00 | UKREG | Caspian Sunrise plc Interim results for six months ended 30 June 2023 |
31/7/2023 | 12:32 | ALNC | TRADING UPDATES: Ingenta to meet expectations; Glantus beating them |
31/7/2023 | 11:49 | UKREG | Caspian Sunrise plc GM results |
Caspian Sunrise (CASP) Share Charts1 Year Caspian Sunrise Chart |
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1 Month Caspian Sunrise Chart |
Intraday Caspian Sunrise Chart |
Date | Time | Title | Posts |
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19/3/2024 | 12:58 | Caspian Sunrise | 22,709 |
01/6/2023 | 11:33 | Caspian Sunrise | 2 |
26/5/2023 | 05:52 | Caspian Sunrise | - |
24/2/2023 | 13:32 | Caspian Sunrise 1 | 1,088 |
25/5/2022 | 17:48 | Caspian Sunrise 2019 -2021 | 7,373 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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12:50:07 | 2.55 | 150,000 | 3,825.00 | O |
12:35:20 | 2.60 | 58,678 | 1,525.63 | O |
12:29:14 | 2.59 | 57,729 | 1,494.03 | O |
12:27:58 | 2.59 | 135,263 | 3,500.61 | O |
12:18:45 | 2.59 | 38,292 | 991.00 | O |
Top Posts |
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Posted at 19/2/2024 11:42 by xclusive2 Konil,Yep, a lot easier to move cash but he needs the prod up and CE cash to facilitate that so hopefully we see both this year. Tag,The company comms didn't used to be so poor. I met the original board Schoonbrood, McDougal, Barker and our Clive but not KO. Floated at 38p if I remember and so shot to c 70p on early expectations of greatness before the financial crash of 2008 where main minnow oil exploration companies went pop like Max Petroleum. Things changed when KO and Kazakh pals took majority share and the comms to PIs have deteriorated. That may not be KO, it could be Shin and the company would argue that KO saved the business by funding it with minimal dilution in the difficult periods although there are a few sweetheart deals like 3AB. Through gritted teeth ? I'd be lying if I said I wasn't hacked off but I stay invested until I see a real risk to their continued operation. They've traded for 17 years now and as far as I can see, they have a larger asset base, they are now profitable even with the painful sanctions and the CE charter will add to that. They do have debt with the B8 drilling and BNG liabilities but they're paying that off at $3.2m pa. They've operated in a negative financial position for most of their trading history but now they are in the black. I believe they continue to build their asset base as there will be opportunities to add more acreage on the cheap, that acreage will come with drilling/licence commitments but there is little competition for it. Some of it may come from Shin's Korean links to KNOC and their disposal strategy.I stay invested as I believe they eventually get there. It's definitely been jam tomorrow, there's no denying that but it'll take little success to transform this and as far is I'm aware, they have the cash and assets that can deliver value = multiples of current share price I'm really hoping that the 2 new structures at B8 are flowing and that they can convert the NY deeps as they are meant to be easiest wells. A5 is the well I want to see redrilled as that's the most lucrative well and that's the well that gives the share price the biggest jolt as it's the biggest structure at BNG. 7 possible deep results this year at -;A5A6A7802803Block 8 x 2That's why I'm still here :) |
Posted at 19/2/2024 09:39 by xclusive2 Understandably, investors are hacked off, anyone would be with zippo return on their investment, especially those invested for years. The only winners maybe those who have successfully traded this but they are in the minority. Communication is poor and obfuscation is continuing as is the inconsistency from one RNS to the next but we can't change this as we are the minority players in this game but we do have a major role to play as we dictate the share price. Regardless of positive or negative news, the share price is dictated by supply and demand and the share price rarely equal real value, it's a representation of PI sentiment. Current m/cap is c £55m, when only a year ago the share price reached 8.6p and £195m. How do you justify that ? The rise to 8.6p was fuelled by 802 flowing, 142 result increasing shallowing production and the introduction of Divis which were not affordable. What is the correct valuation ? simple answer neither as it's down to good old sentiment and resulting supply and demand. Current sentiment is poor but why are PIs still here ? Many will probably be trapped and can't afford or don't want to realise a loss, many are still invested and they still believe that this is still a huge multi-bagging opportunity and are seeing that the assets are worth investing in. Could Caspian go to market and buy their current asset base for £55m ? The deep assets ie A block, NY & B8 , the shallows at MJF/SY and the Caspian Explorer. I don't believe they could but if the share price continues to stay down at these levels, maybe Penrith's concern of being taken Private will become a reality. Current PIs only represent 15% of this company, probably less now so it would only take £8m to wipe us out at this level. I don't subscribe to this outcome as I believe that KO would lose control of his little empire as there are predators that probably would clean him out and the real money will be made on share price appreciation not a private sake of asset base, I only see that in the disaster situation. KO knows that his best exit is via share price appreciation and he needs PIs to do that work but they need to get their finger out and start delivering !I stay invested to see them succeed with the deep conquest. They may never do it but currently they are funded by current production to continue the journey without dilution especially if CE cash lands and could be a continued source of considerable profit. They have made little progress over the last few months and that's down to current cash restraint, that's obvious. They took the divi cash which put them under cashier pressure, the sanctions have affected income inflow and they've gone through a busy period of drilling to meet licence commitments ie 802 and B8. They've made no progress on 803, 802 and A7 because they're managing cash and speed of progress will be dictated by prod income and CE cash so hopefully we see things progress at a faster pace. As stated, I'm staying invested to see them realise value from the deep assets and I'm hoping that it happens this year. 802 was meant to be highest COS, they got it to flow but the same old blockage ensued and now looking for a partner to assist. 803, will it be the same story ? A5, our best deep to date from prod flow rates but yet again the blockage issues. Will B8 be any different ? I don't know but 2 wells drilled and ready for testing so we'll know soon enough. 7 deeps to see conclusion this year providing they have the cash to facilitate the drilling. I'm sticking around to see if this leopard can change its spots. |
Posted at 06/2/2024 16:22 by xclusive2 But as we know, they don't give a stuff about PIs BUT we also know that any positive news from their umpteen projects sends this flying and the new investors won't give a stuff about history and past sentiment.Much that I disagree with any privatisation of this company, if PIs continue to dump and the free float diminishes, you'd be forcing KO & WCP to change plans. I think this is very unlikely as KO has chucked all his assets into Casper and the loss of the 3AB licence or inability to get it through shows that he may not control his Caspian assets if it went Private. He lost the BNG licence argument which cost $32m over 10 years and the inability to sort 3AB and the fact that KMG took the ENI share means that KO would be very vulnerable if taken Private. He has to net licence commitments hence the movement of 3AB into the Caspian shell. I also believe that our KO is not flush with cash as many believe so Caspian and it's income engine keeps the plates spinning.24 should be their best chance of creating shareholder value as they gave the assets and the funds to exploit them. Success isn't guaranteed but if failure continues, Shin has to go or as says many times, they need to partner with a competent entity.This can multi-bag from here, 20 bags+ but we need to start getting that oil flowing !!! |
Posted at 02/1/2024 11:10 by xclusive2 Tag57,I believe it sums up where we are. I thought we'd get more news pre 23 year end and I was expecting it to contain sone corporate activity announcement. They struggle with the drilling and that has got to change. They also need to add a couple of NEDs as 2 executive directors is not enough. No guarantees with this stock, history has shown us that. Sentiment is poor amongst PIs but it will only take a modicum of good news to change that and suddenly the roses are back in bloom. Many shareholders are disillusioned, especially the long termers but good news will reignite enthusiasm and attract new investment from new Caspians who don't carry the scars from Caspian's history. Got to look at it is today and there's no getting away with the fact that they have assets that can launch the share price to many multiples of current price. It's the first deep that really sets this off but even shallow success will restore confidence and improve shareholder value.SP on its arze and as I've said, lower than current NAV but investors need sone positivity for that to be realised.Fingers xd. |
Posted at 12/12/2023 10:12 by xclusive2 The share price is almost back to Covid/Riot/War levels where the risk to Caspian was the highest. Initially saved by the Ukraine war as oil prices retraced from the $17 low ! and a time where Caspian we're only receiving $6 for domestic or less. The geopolitical risk has diluted as Russia has enough on its plate but the imperial desires of our Putin will continue but we still have a few years before he starts looking at neighbours who weren't entirely supportive of his conquest (s). So at 2.6p our m/cap has crashed to c $55m and that is discounted from fundamental value based on the shallows only. They are/will generate c $25m pa from the current 2000 bopd dependent on oil pricing obviously. There is recoverable oil for at least 15 years yet the m/cap is $55m ? No value for CE or any of the deeps inc the latest acquisition ie Block 8. Allegedly we have found oil at all of the wells drilled with only one P&A at A8. They have the asset portfolio to send the share price on a multi-bagging journey but do they have the skills to deliver it themselves ? That is a question they need to answer very quickly because as of today, they've sunk well over $100m with zero return from the deep campaign. They have to decide to bring other players in to see if they can turn it around, not to do so is madness. They managed to flow A5 at healthy volumes for c 15 days, that would've galvanised their conviction that the oil is there and the 100s of millions boe are within reach. Sadly after many side-tracks they have come up empty so something has to change. Same at B8, if they fail there then it'll compound the fact that they can't deliver so let's get somebody else in and share the spoils.As of today, we are back in delayed news mode. Last update intimated that test results on B8 wells and 142 were imminent, that was 6 weeks ago. Maybe it's more problems and excuses, maybe they're successful and flowing the wells but history clearly shows that it's probably the latter. Personally, I believe that there will be some positive news in next RNS. Probably a mixed bag and anything positive will stop this downtrend. They have the CE cash for next year which is a considerable sum of money and if they continue to produce the paltry 2000bopd, they will turn over c$40m next year, that's without any drilling success whatsoever yet the m/cap is $55m. Hugely oversold imo but it's the PIs that dictate the price as they are the only ones trading it. 15% of the shareholder base dictate the share price and sentiment/credibilit |
Posted at 13/11/2023 13:25 by xclusive2 Put this up on LSE this am. Sums up my personal thoughts but as ever, diwn to the drill it to build prod/reserves and with it appreciation of shareholder value -;Back from a nice break in Cyprus. As I see it, our Casper is in the doldrums currently but won't take much to get the wind back in those sails. Reading the last news update was interesting. Our Clive has committed to provide detailed communications and in a more timely manner and I believe that was one of the better operational updates for detail. He started the update with the negatives ie supply chain issues and the inability to reap the benefits from gross crude prices but the update was generally positive.If you take oil production and prices as a starter. At 2000 bopd Caspian are producing much more oil now than they were producing prior to 2019, c 50% more and you only have to go back a year where they were producing 3400bopd until the demise of 141/142. Historically they were producing c1300 bopd and still managing to facilitate the drilling required to meet licence requirements and the oil prices were lower. If you look back at the oil price over the last 16 years, you'll see an average price of $72. Currently we are achieving c$33 from MR/Domestic sales which is far more profitable than they've achieved historically, even when they were exporting. They've stated that they need crude prices of $100+ to make it worthwhile so you can see how well they're doing from current net prices on the domestic market. This is further improved by trading their own oil and they've stated that this is important revenue going forward. In summary, they're in a far better financial position today than they've been since incorporation in 2007, I take that as a huge positive. The key priority now is to build production and as we know, we're waiting for news on 3 wells imminently that could build production considerably. 142 news is now due as are B8 wells. A 142 success could add 50%+ to current volumes which obviously makes a huge difference financially and B8 wells are significant as they will be Caspian's first deep well successes with unknown reserves to be assessed. We won't get payment for the oil until usual regulatory approvals attained but success on these 2 wells will be transformational for all shareholder. They've made the statement on BNG ie finalise licence commitments by drilling 803 and A7 whilst focussing on the remedial work on all the deeps drilled to date ie A5,A6, 801,802. I'm glad to se that there's no more new deeps to be drilled, firstly as it's costly and secondly, they now can focus on 6 wells that could transform all our fortunes. I'm also happy to see that they're planning to work with a partner on 802 on a profit share basis, if this works, I hope they do the same with all the deeps. Drilling competence is the issue and this has to change. The oil has been discovered but pointless continuing to throw good money after bad with continued remedial work if nothing changes so hopefully we see partnership projects continuing if 802 is successful. They've binned the Divis in the near term, I'm happy to see that too. Never wanted them until they were financially strong enough to pay on an ongoing basis. Also looking at new onshore and offshore projects which is interesting. I believe these come from Shin's relationship with KNOC and their disposals but we'll soon see. Also looking at mineral projects and I suspect that's why Benny is onboard but I hope they dismiss those ops until they achieve deep success.The CE is being prepared for the Istamay project and that's important cash for 24. 3AB has been written off in the books but KMG have now taken on Dunga so who knows, maybe Casper will be able to sell to KMG.I also see that there could be corp activity in the pipe following new accountants onboard but will be interesting to see what that is.As stated, we're in the doldrums, trading activity is on its arze BUT it will take very little to light that touch paper. Still a multi-bagging opportunity but the key priority is achieving that elusive drilling success, hopefully that's about to change :) |
Posted at 27/9/2023 08:34 by xclusive2 They don't need to sell the barge but if they don't, it will slow operational progress. The 24 charter cash is considerable and if the first Isatay well is successful then they'll get more business but I suspect that it would be purchased v ongoing charters, it would make commercial sense. They would only raise cash if income shrank considerably. As stated, they've managed on far less without need for cash but that would slow operations. Et al, It will be interesting to see if Block 8 wells are productive. Previous prod of 800 bopd, now 110. If the wells are not successful, I suspect Casper will stil take on acreage BUT KO will be treading on very thin ice if he thinks he can utilise Casper cash to go on another money pit journey. Casper is being used to absorb all failed projects or projects that need cash to fulfil licence commitments, otherwise they will be returned to the state and sold to other parties who can. 3AB is an example of that, hopefully Block 8 isn't another. If successful, it could transform the production landscape for Caspian. It would add immediate reserves and income subject to deal completion and more wells to follow. They believe that Block 8 structure is linked to the Tengiz/Kashagan structures but that can only be proved from exploration/appraisa |
Posted at 03/8/2023 06:53 by togglebrush History of Caspian Explorer' Caspian Explorer when built in 20120/13 cost between $170 to $200 million and had a probable lile of 20/25 years, Replacement cost $300 million ' This was a well negotiated DEAL CASP Financed the deal with placing in 2021 with 36,363,629 new ordinary shares issued price of 2.75 pence per share ("Placing Price"), representing approximately 16.2% discount to closing mid-price on 4 August 2020. or 1 Million GBP. A good deal. , First option For Half share of asset offered of some U$22.5m in 2023 (for a 50%share in the asset) ' Second option for sale of Explorer ' Current issued 2,250,501,559 shares the cash value of oprion for was 1 cent US per share for half Caspian Explorer and all issured shares ' In wild numbers if whole asset was sold at pro rata cash rate that is a capital value of 2 cents per share or in GBP near current share price per share.IMHO this is not a fire sale and better deals should be possible especaily with a works contract signed, Numbers to bear in mind. |
Posted at 14/7/2023 14:02 by xclusive2 Thank you BM/Konil. Unfortunately our Casper has let us down over the last 9 months. Not just operationally, but with Divis too. Throw in poor communication which has exacerbated the issue and resulting share price crash.At 8.6p, a positive 802 would've taken the share price into the teens before the hype would've really kicked it off, regardless of true value. Add in 141/2/5 all back online, this would've added further strength and meant the Divis would've resumed, what would the share price be now ? many multiples of current price. Many PIs were holding to see the breakthrough but unfortunately they disappointed, nothing new with Casper unfortunately.As TB stated, got to be in it to win it and the multibagging play I encrusted into in 2007 is still that multi-bagging play, sadly I have to wait longer but many have had the opportunity to fill their boots at the lows so not all disastrous.The company wanted new players, they launched the Divis to do that and it worked but then they messed up. Very irritating for new investors like BM looking for income not just capital appreciation but the assets are still here, CE generating cash, hopefully shallows building, adding on more assets and we still get the day in the sun.Not without risk and I sincerely hope that all invested make a killing. I'm still following KO, he's got more to lose than anybody and he's all in . |
Posted at 14/7/2023 08:37 by xclusive2 Penrith,You're basically blaming me for your poor investment decisions. Greed at 8p do you held in but it was fake news, who's fault is that ? You obviously thought it wasn't fake news, you though that your take it Private theory was out the window, so now you're looking for somebody to blame...lol. Classic 'victim' mentality. Some good advice, there's only one person responsible for making those button presses so take accountability for it and stop blaming others. You were spouting on about taking it Private which in itself is aimed to wobble/worry some investors.At 8.6p, they pulled the divi rug, 802 had issues, no progress at shallows, I wonder what you would be saying if all were positive and share price back to the teens which is obviously what you were waiting for. Hmmm, we know the answer and now you want to vent a little frustration and lay blame...lolThis is a BB for open debate but looking back, you add very little if anything. You've invested £100k+ here (right !!) . Have you met all board members ? Are you in regular contact with the company ? Have you attended AGMs and GMs to introduce yourself as an investor who's seriously invested ? I give Casper more grief than probably most long term 'real' investors and as lately as yesterday. I can't go to GM sadly but I am submitting questions which will be answered. What have you done Mr Penrith ?Moving on, the share price is weak. Barge cash not appeared and nobody knows the true position. 802 news could be anytime in Q3 and shallows, we don't know true position there either. All hugely material whether news is good bad or indifferent and timelines unknown. Currently share price is range bound between 2.6p and 4p ish and value/price are disconnected. Tick, tock. |
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