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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% 1.925 711,105 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.85 2.00 1.925 1.925 1.925
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 9.13 0.71 -0.05 40
Last Trade Time Trade Type Trade Size Trade Price Currency
15:25:47 O 16,129 1.92 GBX

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Date Time Title Posts
03/12/202019:58Caspian Sunrise17,750
02/12/202012:24Caspian Sunrise 2019 -20217,369
30/9/201914:15CASP CHARTS - ROXI AND BEYOND4
08/3/201809:50good update4

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Trade Time Trade Price Trade Size Trade Value Trade Type
15:25:481.9216,129309.68O
15:11:011.925,20899.99O
15:04:571.925,00096.00O
12:43:331.9580,0001,560.00O
12:43:291.9530,000585.00O
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Caspian Sunrise (CASP) Top Chat Posts

DateSubject
03/12/2020
08:20
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 1.93p.
Caspian Sunrise Plc has a 4 week average price of 1.70p and a 12 week average price of 1.50p.
The 1 year high share price is 11.63p while the 1 year low share price is currently 1.50p.
There are currently 2,088,219,494 shares in issue and the average daily traded volume is 5,071,886 shares. The market capitalisation of Caspian Sunrise Plc is £40,198,225.26.
27/11/2020
16:03
xclusive2: £1BN may seem pie in the sky but their Directors bonus scheme as per the link below shows far bigger numbers. Ed Limerick's statement does make me chuckle. A but like Humpty Dumpty, Kuat and Clive built the company from 3p share price and $25m m/cap and 8 years later it was the same picture.....lol. On a serious note, the leadership team get paid on performance and lets hope there's no more loading in of assets and instead, they start delivering commercial oil production in volume. Edmund Limerick, Chairman of the Caspian sunrise Remuneration Committee said: "The executive management team of Kuat Oraziman and Clive Carver have, since May 2012, rebuilt the value of the Company from less than $25 million with a share price of less than 3p per share, to in excess of $250 million with a share price of 12.5p. In the event the Company's market capitalisation increases from this point by intervals of $0.5 billion, and that the Company's share price exceeds a scale of pre-set levels, both Mr Oraziman and Mr Carver would each be entitled to receive cash payments of $3 million for each $0.5 billion increase in market capitalisation, representing, in aggregate, 1.2% of the additional market capitalisation created. That these incentives take the form of cash payments while maintaining the link to share price and market capitalisation common in option schemes reflects the particular share ownership and tax positions of the individuals concerned. On behalf of Caspian Sunrise shareholder generally, I very much hope the awards are triggered." https://polaris.brighterir.com/public/caspian_sunrise/news/rns/story/w0qov6r
16/11/2020
08:21
xclusive2: Even in a year of crisis and demand destruction, oil has averaged above $40 for the 10 months ytd. Caspian got caught out with the crash at the same time that they were getting paid in arrears as opposed in advance for oil exports. The domestic market pricing has ben damaged but the move to 70:30 will help. If Crude can sustain this price level with all the demand destruction, the future should be rosy and $60 min is not too far away, supply and demand will dictate as always. If you take the above into account, Caspian should get to 5-6k bopd from the MJF field, at the lower number that's only 200bopd from each well across the 24 planned. If the P1 numbers are correct, tha's significant revenue for a significant number of years which will allow them to try and deliver some of the assets on their acreage, even to get involved in JVs with the Caspian Explorer. Not going under based on the facts, instead making profits, paying off the small oil trader debt and building up cash reserves. Upside from here but the deeps, Devonian, 3AB and the barge are all in for free as no value in this share price. No risk as a 'going concern' unless Covid persists for some time and have the funds to continue exploring and developing without need for dilution. TT
02/11/2020
10:52
xclusive2: EB, Challenging times for all business. Nov/Dec is the busiest and most profitable for my business but the lockdown will hurt as it will many other businesses. Covid cases are going up and it will be more difficult to do business but vaccine development is progressing as are the introduction of the antivirals to combat early infection to reduce deaths. I believe we get 2 positive announcements this month on vaccination program. Oil price ? back above $37 and so many variables can affect that but the biggest one will be vaccine/ drug success to enable demand to increase. They could do another share round for wages but that will be small beer. The barge stock being sol at this level, that would be a clear sign of no progress, very unlikely imo. Driving share price down ? nope. If they wanted it down they could take it to zipo, that's not the agenda. There would be NO good news and that isn't their MO, they make their money from an share price many multiples of the current price. My share additions are small beer BUT the right news sees me having a proper 'rude not to' moment. Let's see what transpires before year end. Market interest as was, very minimal ! Sell 0-250k - 1.75p 250-500 - 1.725 Over 500k - 1.69 Max sell 800k online Buy 0-250k - 1.895p Great business for MMs and spread completely different from Friday, what a difference a day makes.
26/10/2020
14:19
konil: most, if not all, of the criticism aimed at cc is with regard to his performance as spokesperson for the company. it has destroyed any trust in company comms and imo the market has written casp off completely despite there being value far higher than the current share price even without a commercial deep success. however, thanks to cc's pr performance we are unlikely to see that translate into the share price until a deep is shown to be commercial. performance of drilling ops is a different matter although arguably as part of the management team cc must take his share of the responsibility for decision making (not drill peformance) in this regard also, for example which drill team to use.
19/10/2020
16:49
tomboyb: hxxps://www.oedigital.com/news/482500-caspian-sunrise-buys-shallow-water-drilling-vessel Caspian Sunrise Buys Shallow Water Drilling Vessel October 19, 2020 Caspian Sunrise, an oil and gas firm focused on Kazakhstan, has completed the acquisition of the Caspian Explorer drilling vessel, marking the company's step into offshore drilling. The company, mostly focused on onshore oil and gas activities, had proposed the acquisition of the Caspian Explorer shallow water drilling vessel in January. It on Monday said it had completed the acquisition of the vessel. The vessel is capable of drilling exploration wells to depths of up to 6,000 meters in extremely shallow water, and Caspian Sunrise plans to use it in the North Caspian Sea. The Caspian Explorer was conceived of by a consortium of leading Korean companies including KNOC, Samsung and Daewoo Shipbuilding. The vessel was constructed in the Essay shipyard in Kazakhstan between 2010 and 2011 for a construction cost, according to Caspian Sunrise, believed to be approximately $170 million. The total costs after fit-out are believed to have been approximately $200 million, Caspian Sunrise said. The Caspian Explorer became operational in 2012 at a time of relatively low oil prices and reduced exploration activity in the Northern Caspian Sea. In 2017, the Korean consortium decided to sell the Caspian Explorer by way of a competitive tender with the buyer being KC Caspian Explorer LLP. In 2017, the Caspian Explorer was leased out to a consortium between KazMunaiGas and Indian state oil company for $28 million after costs and drilled one exploration well to a depth of 3.5 km. In 2018, the Caspian Explorer was leased out KazMunaiGas for up to $24 million drilling one exploration well to a depth of 1.8 km. The Caspian Explorer did not operate in 2019 or to date in 2020. Caspian Explorer - Credit: Askar/MarineTraffic.com Caspian Sunrise said Monday that the $25 million headline consideration for the acquisition of the vessel would be satisfied by the issue of 160,256,410 new Caspian Sunrise shares at a price of 12p per share, which in January 2020 was a 28% premium to the prevailing share price. The acquisition was approved by independent shareholders in February 2020. "Given the sharp decline in the Company's share price, the Caspian Explorer purchase price for accounting purposes based on current prices is approximately $3.2 million," Caspian Sunrise said. "To date there are no confirmed bookings for the Caspian Explorer. We believe, however, that as exploration activities resume in the shallow northern Caspian Sea we shall over time see interest in chartering the drilling vessel," the company said. The majority owner of the Caspian Explorer is Aibek Oraziman, a director of the Caspian Sunrise, and a member of the Oraziman family. Following the completion of the acquisition, Aibek Oraziman will own 450,364,489 Caspian Sunrise shares representing 21.6% of the enlarged total. The immediate Oraziman family shareholding will increase to 903,429,585 shares representing 43.3% of the enlarged total. Under the agreement, each of the sellers has committed not to dispose of any of the consideration shares for a period of three months from completion. Clive Carver, Caspian Sunrise Chairman said: "It is good to finally complete the acquisition approved by shareholders back in February. We look forward to the barge once again being active in the shallow northern Caspian Sea."
19/10/2020
15:09
tomboyb: Built for $200 million - Acquired for $25million - Due to a share fall in share price , current share price costs $3.2million -
19/10/2020
15:06
tomboyb: Acquisition terms The $25 million headline consideration is to be satisfied by the issue of 160,256,410 new Caspian Sunrise shares at a price of 12p per share (the "Consideration Shares"), which in January 2020 was a 28% premium to the prevailing share price. The acquisition was approved by independent shareholders in February 2020. Given the sharp decline in the Company's share price the Caspian Explorer purchase price for accounting purposes based on current prices is approximately $3.2 million.
19/10/2020
14:49
tomboyb: Caspian Sunrise plc Completion - acquisition of the Caspian Explorer 19/10/2020 7:00am UK Regulatory (RNS & others) Caspian Sunrise (LSE:CASP) Intraday Stock Chart Monday 19 October 2020 Click Here for more Caspian Sunrise Charts. TIDMCASP RNS Number : 4004C Caspian Sunrise plc 19 October 2020 Caspian Sunrise PLC ("Caspian Sunrise" or the "Company") Completion of the acquisition of the Caspian Explorer ("Completion") Introduction The Board of Caspian Sunrise is pleased to announce that the re-registration of the shares in Prosperity Petroleum, the UAE company which is the sole shareholder of KC Caspian Explorer LLP the Kazakh registered entity which owns a 100 per cent interest in the Caspian Explorer, has been finalised. Accordingly, the acquisition of the Caspian Explorer may now be completed. Background The Caspian Explorer is a drilling vessel designed to operate in the extreme shallow waters of the northern Caspian Sea. The Caspian Explorer was conceived of by a consortium of leading Korean companies including KNOC, Samsung and Daewoo Shipbuilding. The vessel was assembled in the Ersay shipyard in Kazakhstan between 2010 and 2011 for a construction cost believed to be approximately $170 million. The total costs after fit-out are believed to have been approximately $200 million. The Caspian Explorer became operational in 2012 at a time of relatively low oil prices and reduced exploration activity in the Northern Caspian Sea. In 2017, the Korean consortium decided to sell the Caspian Explorer by way of a competitive tender with the buyer being KC Caspian Explorer LLP. In 2017, the Caspian Explorer was hired out to a KazMunaiGas / Indian state oil company joint venture for $28 million after costs and drilled one exploration well to a depth of 3.5 km. In 2018, the Caspian Explorer was hired out KazMunaiGas for up to $24 million drilling one exploration well to a depth of 1.8 km. The Caspian Explorer did not operate in 2019 or to date in 2020. Acquisition terms The $25 million headline consideration is to be satisfied by the issue of 160,256,410 new Caspian Sunrise shares at a price of 12p per share (the "Consideration Shares"), which in January 2020 was a 28% premium to the prevailing share price. The acquisition was approved by independent shareholders in February 2020. Given the sharp decline in the Company's share price the Caspian Explorer purchase price for accounting purposes based on current prices is approximately $3.2 million. To date there are no confirmed bookings for the Caspian Explorer. We believe however, that as exploration activities resume in the shallow northern Caspian Sea we shall over time see interest in chartering the drilling vessel. Lock-in arrangements Pursuant to the Share Purchase Agreement, each of the Sellers have undertaken to the Company, subject to certain exemptions, not to dispose of any of the Consideration Shares for a period of three months from Completion. Resultant shareholdings The majority owner of the Caspian Explorer is Aibek Oraziman, a director of the Company and a member of the Oraziman family. Following the completion of the acquisition Aibek Oraziman will own 450,364,489 Caspian Sunrise shares representing 21.6% of the enlarged total. The immediate Oraziman family shareholding will increase to 903,429,585 shares representing 43.3% of the enlarged total. Admission and Settlement The Consideration Shares will be issued, credited as fully paid, and will rank pari passu with the existing Ordinary Shares in issue in the capital of the Company, including the right to receive all dividends and other distributions (if any) declared, made or paid on or in respect of such shares after the date of their issue. Application will be made for the admission to trading on the AIM market ("AIM") of London Stock Exchange plc ("LSE") ("Admission"). Admission is expected to occur on or around 22 October 2020. Following Admission, the Company will have 2,088,219,494 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 2,088,219,494 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules. Comment: Clive Carver, Chairman said "It is good to finally complete the acquisition approved by shareholders back in February. We look forward to the barge once again being active in the shallow northern Caspian Sea."
30/9/2020
17:15
dhb368: John, the key here is that CASP is not going bust. The current share price does not reflect the fundamentals here. It is priced as if CASP is purely a roll of the dice on the deeps. It is not, MJF supports a share price well north of current levels but sentiment rules at the moment.
20/9/2020
13:51
spangle93: Jamesey / x2 I think part of the AST issue was that the company (led by CC) treated the Slovenians with the same contempt as they do here now. Kaos explained it very well. My holding in AST now is such that if the share price goes up a little bit, I could afford the £11.95 trading fee... Part of the issue here at CASP is that they make no-one available to explain to shareholders what is actually happening. Mr Carver has stated that he's not technical (no sh*t Sherlock), and that it's not important to get details right. Clearly from the Malcolm Graham-Wood school of lunching. Normally the CEO would be able to talk competently about the wells and the assets, and explain the issues fully - I'm sure he speaks oilfield English well enough to do this but chooses not to. Or other companies use a technical director under these circumstances. Because of this lack of technical competence in reporting, the statements leave more questions than they answer. For example, for well 151 the concentration of gas at the top of the structure is resulting in it taking longer than anticipated to bring this well into commercial production. What concentration? This hasn't been mentioned previously? How is it affecting them? We first perforated a thin zone of 0.7 meters at a depth of between 2,314.5 and 2,342.2 meters to test an interval not observed in previous wells. Why do we need a 30m interval - if it's one zone of 0.7m, just tell us the depth. Oil flowed but not at rates we believe would be achievable from the interval others targeted with our other MJF wells. This is just grammatically weird. I don't understand it. The only sense I can make is that the first "others" is superfluous. We have therefore perforated further intervals with a view to maximise short term income. Testing of these intervals continues. Are these the normal intervals as perforated in other wells? That's just one paragraph of incohesion from the whole RNS. I understand there will be people who just want accounts and facts, but surely we should be able to have the risks and the challenges competently explained. It seems no coincidence that the companies that can do this well have a share price that is rising.
Caspian Sunrise share price data is direct from the London Stock Exchange
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