Share Name Share Symbol Market Type Share ISIN Share Description
Caspian Sunrise LSE:CASP London Ordinary Share GB00B1W0VW36 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.75p 10.50p 11.00p - - - 0 06:39:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.3 -3.4 -0.3 - 100.77

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Caspian Sunrise Daily Update: Caspian Sunrise is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CASP. The last closing price for Caspian Sunrise was 10.75p.
Caspian Sunrise has a 4 week average price of 10.75p and a 12 week average price of 6.25p.
The 1 year high share price is 17.13p while the 1 year low share price is currently 6.25p.
There are currently 937,433,077 shares in issue and the average daily traded volume is 1,673,210 shares. The market capitalisation of Caspian Sunrise is £100,774,055.78.
harrissen: Market Cap is ridiculous! Explorers who have little or no production income at all have Market Caps higher than CASP! Caspian Sunrise plc 23 October 2017 Caspian Sunrise PLC ("Caspian Sunrise" or the "Company") BNG Operational Update Introduction Caspian Sunrise PLC (formerly Roxi Petroleum plc) ("Caspian Sunrise"), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of success at its Deep Well A5 at its flagship BNG Contract Area. Background Caspian Sunrise has a 99% interest in the BNG Contract Area, which is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast. incident using a 4-1/2 inch pre-perforated liner followed by running 3-1/2 inch tubing On 21 October 2017 the well was opened for clean-up purposes. The initial flow rates were approximately 3,500 bopd using a 11 mm choke. The well flowed without interruption for 4 hours and without artificial stimulation before it was shut in pending the arrival on site of additional high pressure testing equipment. The well-head pressure varied from 160 to 300 bar. The pressure build-up dynamics indicate an excellent reservoir quality. The current shut-in pressure is 470 bar (6,887 psi). The high well-head pressure and the good presence of rich gases such as butane and pentane also indicate lighter and more valuable oil compared to our shallow wells. The interval tested is limestone and extends 85 meters in height between depths 4,335 meters and 4,420 meters. We look forward to updating the market further on the progress of this well in due course. Other deep wells We continue to work to start flow tests at both A6 and 801.
twaintwix: xclusive2 10 Nov '17 - 15:42 - 2352 of 2354 0 0 Yep the Rose H response is standard issue. Our Dosbol has been selling and much that ‘this notification should not be taken as any notification of a sale, the fact remains, he was selling. I’m waiting to be VERY greedy. ................... Dobsol's 'sell' RNS was posted on the 30th August when the share price was around 7p bid. If the share price had tanked after his sell then we could say he sold before the crash but the opposite happened. About a month AFTER his selling the price rocketed to above 14p (doubled) and is still more than 60% higher today. So any suspicion that he had 'inside' news that caused his selling goes out the window straight away. Hi's actions have the hallmark of a distressed seller for what ever reason, and nothing to do with the future of CASP imo.
togglebrush: POSTCARD CASE STUDY … 2 key values share price and exchange rate ‘ Starting Point 8th January 2013 RNS ‘ Mr. Kairat Alpamysovich Satylganov, a Kazakh investor, has agreed to subscribe for 355,165,716 new Roxi shares at a price of approximately 7p per share, being a significant premium to the closing share price of 2.125p per share as at 7 January 2013. (this was amended later to 7.4p per share). KS is now a director of CASP but is taken as a lead investor for sister company Baverstock in this case ‘ Taking Mr Average at start 1st February 2013 ‘ Who bought 100,000 Baverstock NON Quota shares at 1st Feb 2013. This is an average size of the 1,200 possible traders. At for this exercise US 10.00 So cost is Tenge 1,500,000 ‘ At merger Mr Average gets 100,000 CASP NON Locked in shares ‘ COULD SELL at Merger Value 9.75p x 100,000 x 334 Tenge 3,256,500 Potential profit 117% (APR 27%) ‘ At 23rd October 2017 Mr Average decided to sell CASP NON Locked in shares ' MARKET PRICE and Current Foreign Exchange … BEST of three options ' SELLValue 13.75p x 100,000 x 334 Tenge 4,509,000 Potential profit recent 38% (APR 123%) overall 201% ‘ MARKET PRICE and Lower Foreign Exchange … WORST of three options SELL RISK IF Currency Reduced to 150 and price remains you get Tenge 2,025,000 and a post merger net LOSS ‘ SELL Value 13.75p x 100,000 x 150 Tenge 2,025,000 NET LOSS to merger whilst overall 35% ‘ BROKER TIP PRICE and Lower Foreign Exchange … AWFUL option ' SHARE RISK EVEN IF Currency reduced 150 and price INCREASES 21.6p (Broker tip) you get a post merger netLOSS ' SELL Value 21.6 x 100,000 x 150 Tenge 3,240,000 small NET LOSS to merger whilst overall 35% ‘ Errors and Omissions excepted
researchanalyst1: CASPIAN SUNRISE HITS THE TARGET IN OIL-RICH KAZAKHSTAN… WHAT NOW? SEEKING ALPHA Oct. 29, 2017 6:20 AM ET. Caspian Sunrise PLC (ROXIF) INVESTMENT SUMMARY: • Caspian Sunrise has finally been able to complete its first deep well at the BNG oil field in Kazakhstan. • Initial flow rates during the clean-up of the well indicated a preliminary flow rate of 3,500 barrels per day. • A more detailed flow test will start soon, whilst two more deep wells will be drilled to outline the true potential of the BNG oil field. • If all goes well, Caspian Sunrise could be a 20,000 bopd producer by the end of next year. INTRODUCTION: Caspian Sunrise (OTCPK:ROXIF) is the new name of Roxi Petroleum after it completed a substantial makeover after merging with one of its largest shareholders to consolidate a 99% ownership in the BNG oil project in Kazakhstan. The company is still in the exploration phase but has recently released preliminary flow test results from its first ‘deep’ well on the BNG project. Whilst the company kept the ‘old’ ticker symbol on the OTC, you can find Caspian Sunrise on the London Stock Exchange with CASP as its ticker symbol. The average daily trading volume is 1.8 million shares per day (the average volume was much lower before the initial flow rate was announced) and at the current share price of 13.25 pence, the market capitalization is 221 million British Pounds ($290M). This article will be divided into two main parts. In the first part, I will provide the background of the company and its business strategy which was published at European Small Cap Ideas in July, when the share price was trading at 6.5-7.5 pence. In the second part of this article, I will explain the importance of these flow results and what we can expect Caspian to do. PART 1:AN OVERVIEW: The second half of 2016 and the first quarter of 2017 were focused on one thing: completing the merger between Roxi Petroleum and Baverstock. Baverstock was a Swiss holding company which owned 41% of Eragon Petroleum, which in turn owned 99% of the BNG exploration license. As the remaining 59% of Eragon was owned by Roxi Petroleum, it made a lot of sense to combine both companies to simplify the investment structure (Baverstock also owned 10.5% of Roxi’s share count). Caspian Sunrise was born, and the company now directly owns 99% of the BNG license with a local ‘partner’ owning the remaining 1% in the BNG field. This really makes it much easier for people like you and me to really wrap our heads around what Caspian really owns; 99% of the BNG exploration license in Kazakhstan. The company is already producing oil from some shallow wells at a rate of 1,200 barrels per day (which increased to 3,400 barrels per day in Q3), but recent exploration success could result in a meaningful production boost. The most recently drilled wells are 808 and 143, and testing revealed flow rates of in excess of 600 barrels per day for Hole-143 whilst we are still waiting to see the flow rates of well 808 after the company repairs the well casing (which resulted in –unwanted- water inflow). The most recent well that has been completed, Well-144, is perhaps the best shallow well to date. This well is located 2km away from two other production wells and increases the size of the oil structure by 10 square kilometers. That’s great, but what was really intriguing was the flow rate. Preliminary test work indicated a flow rate of approximately 1,000 barrels of oil per day, which would almost double the company’s current production rate. Of course, more testing will be needed but this clearly emphasizes the size and production potential of the shallow wells as well. The deep exploration holes will be important to determine the company’s future It’s great to have a decent production rate from shallow wells, but the real prize is in the deeper reservoirs on the property (which also contain oil with a better quality). Caspian Sunrise is absolutely convinced there’s something ‘larger’ underneath the shallower reservoirs, and that’s the company’s main focus right now (it has even decided to shut in three wells on the South Yelemes structure which were producing at a rate of 150 barrels per day). So why does Caspian think there’s a deeper and larger oil reservoir on the property? First of all, the BNG license is located just 40km from the Tengiz oilfield which has a reserve estimate of 6 to 9 billion barrels of recoverable oil (yes, that’s billion) in a reservoir which is 1km thick, 19km wide and 21km long. Tengiz is without any doubt huge, as the total revenue from that oil field will be close to half a trillion dollars, even at the current low oil price. So, Caspian is exploring in the right region, and as a matter of fact, one of its older ‘deep’ wells (A5) has actually been producing at a rate of 2,000 barrels of oil per day, although for a short period. A second well was drilled which also produced at a rate of 2,000 barrels of oil per day, but that well got blocked as well whilst a third deep well was a bad well as just 3% of the total expected pay zone was effectively perforated. THIS TELLS YOU TWO THINGS: There’s something there (you don’t drill two wells flowing 2,000 barrels of oil per day just by accident). The drilling conditions are difficult. Caspian has now re-entered Deep Well A6 and is now trying to perforate the deeper sections of the well which would allow the oil (and some gas) to flow to the surface, making it possible for Caspian to test the flow rates of this well. Caspian is also getting back in Deep Well A5 and will side-track the existing well from a depth of 4,000 meters which would allow the company to complete a real flow test over a longer period of time. If both deep wells once again show a stable flow rate of 2,000 barrels per day, Caspian would be a 7,500 barrel per day producer overnight (4,000 barrels from the deep wells, 3,400 barrels from the shallow wells), with hundreds of millions of barrels in 2P reserves. So the well tests throughout this summer will be extremely important. COUNTING DOWN THE DAYS… What’s really important is the next (few?) resource updates as this will determine the total length of the production concession Caspian will be awarded. If the company is able to prove the oil fields contain in excess of 730 million barrels in 2P reserves (Proved + Probable), it will be awarded a 49-year production license. If the size of the oilfield comes in below that 730M mark, it will be awarded a 29-year concession over the entire area. The current resource is approximately 48 million barrels of oil, all located in the shallower zones of the area. Right now, Caspian is still working on the property using an exploration/appraisal license. That’s a great way to really try to figure out what’s lying underneath the surface, but it also comes with a negative side effect. As long as the company doesn’t have that ‘full’ production license, it has to sell its oil at domestic prices. In FY 2016, the average domestic oil price was – sit down for this – just $16/barrel. It’s obviously clear Caspian wasn’t making any money on this, which usually is a good incentive to speed up the exploration work and figure out the true size of the oil field. Once a production license will be issued, that’s where the real money will be made. Once the production license will be issued, Caspian will be allowed to sell 80% of its output at world prices (subject to a $5/barrel export tax, and a 7-32% rent tax on prices above $50/barrel). So assuming a WTI price of $50/barrel, no rent taxes will be due, but the export tax per barrel will reduce the received price per barrel to $45. Using an 80/20 ratio for the world price and domestic price (at $15/barrel) will result in a received oil price of $39/barrel, almost 150% higher than the current price levels. This doesn’t mean anything yet for the company’s viability as there’s no real starting point to try to figure out the production costs per barrel of oil because A) the current production comes from the shallow fields with a lower production rate per well and B) as Caspian isn’t in commercial production yet, it doesn’t have to break its expenses down in production expenses, transportation expenses, etc etc. But should some of those vertical wells indeed confirm the existence of a large reservoir, it’s not unlikely one of those vertical wells could produce 1,500-3,000 barrels of oil per day and generate a revenue of $43M per year. PART II: THE FIRST DEEP WELL WAS A SUCCESS. WHAT NOW? As Caspian Sunrise once again encountered its fair share of delays, the company was only able to announce the well results (of deep well A5) in the second half of October. But it was worth the wait as the flow rates were higher than anticipated. As you might remember, the previous flow rates of the deep well were approximately 2,000 barrels per day, and I would already have been very happy if Caspian would have been able to repeat this scenario. But the verdict was even better: the initial flow rate was a stunning 3,500 barrels per day, or 75% higher than anticipated. Great news, but let’s not get ahead of ourselves here, as the flow test only lasted for four hours. Caspian is now directing the appropriate measuring instruments to the BNG oilfield to perform more accurate tests. That being said, the company already sounds very optimistic as the current pressure at the shut-in wellhead is approximately 470 bar and the existence of gases indicates the quality of the oil could be very good (the lighter the oil, the higher the value). I expect to see more updates in the next few weeks and would be particularly interested in the IP 30 flow rate which measures the production rate in the initial 30 days. Meanwhile, the two other deep wells (A6 and 801) still have to be completed. And remember – the multi-billion barrel Tengiz oil field is practically up the road. In all the excitement created by the flow rates from the deep wells, we would almost forget to highlight Caspian’s shallow drill program where it’s targeting shallow oil reservoirs. These shallow wells are important to cover the overhead and exploration expenses related to the shallow wells, as Caspian has now confirmed the current production rate (3,400 barrels per day from shallow wells) is now sufficient to cover these expenses, and that’s a major step forward. One additional shallow well is currently being drilled, which could further increase the production rate towards 4,000 barrels of oil per day. The clock is ticking and Caspian could now accelerate its exploration and development program Not only does Caspian now know there’s ‘something’ there, it can now also use its expertise from the first deep well to tackle the two other planned deep wells. Well 801 will be the immediate priority once the drill rig will be released from well A5, whilst the drilling pipes used for A5 will subsequently be used to complete Deep Well A6. I would expect the company to be able to report on these two deep wells before the end of this year, but Caspian could also try to accelerate its drill program in an attempt to gather as much evidence and knowledge of the oil reservoirs as possible. INVESTMENT THESIS Caspian Sunrise is getting close to the finish line. Whatever happens, Caspian should meet all criteria to receive its 29-year production license and could further develop its BNG oil field within that time frame. Thus, the next few months will determine Caspian’s future. Should the two additional deep wells confirm the presence of high-quality oil which doesn’t need artificial lifting to be recovered, all bets are off. We sold 50% in the ESCI-portfolio (the entry point was approx. 6.5 pence) and are keeping the ‘free’ shares as Caspian might be on the verge of confirming a multi-hundred million barrel oil reserve. The story is unfolding now, and you should keep a very close eye on the next results of the deep wells. Https://
twaintwix:  Sunday 29 October 2017 ShareProphets Deep well success should drive Caspian Sunrise even higher By Gary Newman Thursday 26 October 2017 I’m always wary of companies that have seen a large hike in share price, especially smaller ones in the natural resources sector, but in some cases the rise would appear to be justified by recent news. I believe that could well be the case with Caspian Sunrise (CASP), as although it is now much higher than when I covered it as a buy at 7.5p a few months back – its shares are now trading at 13.25p to buy – a fair bit has happened, including some news which could be transformational for the company. The last time I looked at the company it was engaged in drilling a sidetrack at its deep well A5, on the BNG licence in Kazakhstan, and I mentioned that although it already had decent levels of production from its shallower wells, it was really the success of these deeper drills which would likely make or break the company. The latest update a few days ago stated that this sidetrack has now been completed and that oil has been flowing naturally at a rate of 3,500bopd, and also that the data on reservoir pressures is very encouraging following a shut in. The company is also expecting that the oil from these deeper wells will be of a much higher quality than that it is producing from the shallower ones. I’m never one to count chickens before they are hatched, but thus far the signs seem to be very encouraging. Although further testing will be needed to ascertain exactly how good this particular well will be. It also means that the company will look to carry out flow tests at the other deep wells, A6 and 801, now that the rig has finished at A5. In terms of further drilling of these deeper wells, there are plans to spud a well at A8 in early 2018, and moving forward, another at 802. Whilst these deeper wells have the potential to really change the company there is still plenty of risk involved as they aren’t cheap, with drilling costs of up to $10 million. In terms of the next drill at A8, the company is expecting to cover that from production at its shallow wells, along with advances from oil traders and loans, rather than via equity raises. The shallower wells at BNG have continued to perform well, with aggregate production in excess of 3,400bopd, but the big problem for the company is that it has only been able to sell the oil into the local market at prices of up to around $19 per barrel, but it is hoping that by July 2018 it will have a full production licence in place which will give it access to the export market and it will realise far higher prices. Financially that will make a big difference to the company and will help to play a bigger part in the funding of its deeper drilling programme. The company currently has proven and probable reserves of some 29.3 million barrels from the shallower wells alone, so if the continued work on the deeper wells proves to be successful I would expect a big boost to these reserves figures whenever the next CPR (or equivalent) is carried out factoring in the new data. There are of course risks here, including the fact that the company operates in Kazakhstan, and a lot revolves around the success of the deep wells. But given the recent developments and what the company has planned in the coming months, I can still see further upside potential despite it trading at a valuation of nearly £220 million currently.
togglebrush: FWIW Applying some old school marketing theory to understanding events last week. 50% Profit from selling CASP shares in under six months was on offer to some 120 million ex Baverstoke holders who are NOT locked to 1st December and 3 million buyers of those who bought Dosbol Zholdybayev’s post merger sale. ' Marketing theory suggests that 16% would be early accepters or just under 20 million shares would be sold by those who accept this offer. (Source Rogers bell curve). ' Mega Monday saw, assuming each deal was a buy or sell, 16.5 sold of 33 million sold or 13.5%, was acceptation by Early Adopters ' In the Week saw, assuming each deal was a buy or sell, a total of 25 of 50.7 million sold or 20.6% acceptation by Early Birds. A daily rate of 1 to 1.5% of bargain hunters were active in last 3 days that suggests Bargain hunters may be in market until the New Year and the Laggards (16%) even longer. ' Impact on the share price was great on Mega Monday with swing of 55% in the day; 11.5% on RNS Friday; 3.5 to 8.5% mid week; which compares to normal active day range of 1.4% to 3.5%. (Price Swing is (High-Low)/Close) ' Little Closing Price trend during the week was probably due to after market close buying (Price stabilisation ???) ' Forecast;Effect of the Bargain offer will, with some higher price swings, and higher volumes, last through November but NOT to great effect . RNS reports will be more have more influence. Locked in big boys will appear in December but they will be dramatic or a non-event on the Free market
lw425: xclusive A decent flow test of A5 will put 150% on the share price with the other already drilled Deeps to be tested shortly after. It will be game changing in a massive way. A5 is what the 24p top late 2014 was all about. Shares move on speculation. UKOG moved up from 1p to 8p and we are still waiting for flow test results. Speculation moves shares. I suspect you've been entrenched in a long term hold mindset for so long you've forgotten what moves a share price. The reason the share price is only just starting to rise is that it's only a couple of days ago that the market was given a heads up on the fact the sidetrack was about to move into the 100m+ oil column. You can hardly expect traders to take positions two months ago but now is the time. T traders will be all over it. Friday was also a breakout on a TA basis. Fair pre RNS is 12p I suspect. From that level 100% upside in a day maybe. There could well be 400m reserves in the shallows which valued at $4 in the ground would be worth $1.6billion. Could be billions of barrels in the Deeps. CASP are now self funding for the Shallow drills and all Admin.
togglebrush: St Ledger day was Sept 16th ... Favourite was heavily backed and won at 3 to 1 ... it cost the bookies a lot. But aside from that children are back at school and the quants with valuers are back at their desks and see CASP as a bargain. ' FOR COMPARISON ONLY see Nighthawk, HAWK, a Colorado Oil Fraccing play, where on Friday share price increase beat CASP, with extraordinary volume like CASP, and both were in the top 10 out of 2000 shares. The fact that they are both in Oil, had a recent RNS on oil flow following an awful share trend, and then had a top 10 Friday share performance are the ONLY similarities. ' FOR COMPARISON ONLY see Baron Oil, BOIL a South American Oil play, who came 2nd to HAWK, and above CASP (who was 3rd) on ADVFN list. It had a recent RNS on oil flow following an awful share trend. ' After a dreadful summer it seems refreshed eyes have seen the neglected bargains and adjustments are in action. ' IMHO
hotdeal: Has Carver conned their broker as well Would think Ireland would do their own research 09:51 08 May 2017 WH Ireland's target suggests some 150% upside to the current price of 9.29p. oil and gas worker Testing is due to start for the 808 well shortly Caspian Sunrise Plc (LON:CASP) is poised for extraordinary value creation, so says stockbroker WH Ireland, following the Kazakhstan focussed oil and gas junior’s latest update which gave details from the 808 exploration well and on the group’s proposed merger. 808 is deemed to be a high impact well for Caspian and the company told investors that preliminary indications suggest four of six targets warrant testing – which could get underway imminently. Caspian added that there will be two further wells later this year, if testing confirms the presence of a significant quantity of oil. The company also updated on the A6 well where it has previously perforated the top 60 metres of 100 metres gross reservoir. It said that limited recoveries have been possible from the well to date, and it is being prepared for a chemical wash in order to stimulate flows. The 808 and A6 wells are located within the BNG contract area, in the west of Kazakhstan, where the company is partnered with Baverstock GmbH. It is in the process of merging Baverstock, with the partner being issued equity amounting to 41.59% of the enlarged company. In addition, a new US$10mln capitalisation from Vertom International, a vehicle of Caspian chief executive Kuat Oraziman will support the group’s plans. Caspian expects to receive approvals to complete the capitalisation by the end of the second quarter. In a note on Monday, WH Ireland analyst Brendan Long highlighted that formal approval from the Kazakh authorities is the only outstanding material condition of the proposed merger. Long also notes that success with the 808 prospect could equate to 10p per share in the Caspian Sunrise share price, though he doesn’t yet include anything for it in his ‘buy’ recommendation and 23.3p price target for the AIM quoted stock. The analyst’s target suggests some 150% upside to the current price of 9.29p. “Caspian Sunrise is poised for extraordinary value creation pending near-term developments at the MJF shallow field, shallow exploration well 808, deep well A5 and deep well A6,” he said.
johngaz: The weather is improving there now. Production levels are very low cost. On the last investors presentation nov16 talked of GCA estimating around 18 million barrels of reserves proved based on the wells at the moment. At around $16 a barrel from the shallows producing say around 1000 barrels a day(approx) would mean around 50 years producing is not a bad result giving annual gross figures of about $5.6 to $5.8 million which would easily cover any overheads and finance future wells. Come 2018 the price could be around $50 a barrel and that does not include any of the deeps if/when that happens. Still awaiting news on the completion of the merger so plenty of upside to come (IMO). 105 meters gross interval how much further will it extend will be interesting. Deep flow tests are the key trigger to propelling this casp share price upwards very quickly ( again IMO ). Patiently waiting, ( that's my contribution done on here today. ) G/LUCK ALL.
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