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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
|
|
|---|---|---|---|---|---|
| -0.25 | -8.33% | 2.75 | 9,592,665 | 16:11:34 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 2.70 | 2.80 | 3.00 | 2.70 | 3.00 | |
| 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 | 6.40 | 61.89M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:11:10 | O | 50,000 | 2.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 08/4/2024 | 14:30 | ALNC |  Caspian Sunrise seeks to acquire "less challenging" oil licences |
| 08/4/2024 | 07:00 | UK RNS | Caspian Sunrise plc Proposed Acquisition, Rule 9 Waiver and GM Notice |
| 25/3/2024 | 11:44 | ALNC | IN BRIEF: Caspian Sunrise considers sale of BNG contract area |
| 25/3/2024 | 07:00 | UK RNS | Caspian Sunrise plc Strategic & Operational Update |
| 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 |
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 |
|---|---|---|---|
| 19/4/2024 | 17:50 | Caspian Sunrise | 22,892 |
| 01/6/2023 | 12:33 | Caspian Sunrise | 2 |
| 26/5/2023 | 06:52 | Caspian Sunrise | - |
| 24/2/2023 | 13:32 | Caspian Sunrise 1 | 1,088 |
| 25/5/2022 | 18:48 | Caspian Sunrise 2019 -2021 | 7,373 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:11:11 | 2.80 | 50,000 | 1,400.00 | O |
| 15:11:01 | 2.80 | 50,000 | 1,400.00 | O |
| 15:10:51 | 2.80 | 17,430 | 488.04 | O |
| 15:10:51 | 2.62 | 7,744 | 202.89 | O |
| 15:10:30 | 2.82 | 1,564 | 44.03 | O |
| Top Posts |
|---|
Posted at 19/4/2024 09:20 by Caspian Sunrise Daily Update Caspian Sunrise Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker CASP. The last closing price for Caspian Sunrise was 3p.Caspian Sunrise currently has 2,250,501,560 shares in issue. The market capitalisation of Caspian Sunrise is £61,888,793. Caspian Sunrise has a price to earnings ratio (PE ratio) of 6.40. This morning CASP shares opened at 3p |
Posted at 18/4/2024 16:17 by xclusive2 The timing of the WS acquisition was poorly timed from a PI perspective but not for the CP/WCP as they are maxing out their allocation. If they really wanted to milk it, they could've done it earlier when share price was in the 2s. They released the ooss shallows sale news as significantly higher than carry value, they could've held that back and the 142/SY positive (ish) news and ensured that the share price was depressed and strike price lower.I think the share price will wallow down here until the WS deal is voted through but then PIs will get interested again as they look forward to the Q2 news update due ie Shallow sale Shallow drilling 803 A5 B8 Caspian ExplorerAll of the above are likely this quarter and all are material. 803 will only be progress reports and we won't know if it's commercial until early Q3 but the rest could be conclusive this qtr although I suspect we wait a little longer on B8 as historically licence renewal approval has taken some time but who knows. If there is a BNG shallows sale then what is the 'significant' value ? share price could fly if it's a great deal but could retrace if it reduces NAV. A5 is the most material news and side-track could be completed this quarter if they commence drilling and that's the most important result if successful as it would catapult the share price Yes, they have to do 90 day flow test but I suspect that they'll flow it for a period before testing.Theories re timing of the WS news ? Doing it now as there's likely to be good news in the near term which will limit the dilution (trough feed). They're continuing to stack up the share count so what are they doing this ? Surely it's because they know share price is going to rise ? They're Director bonus scheme is linked to m/cap, more shares in issue will increase m/cap if good news lands and the hype kicks in so they could exercise the bonus incentive ? Risks ? there are plenty when investing in Kstan and being majority owned by a Kazakh CP/WCP but those who have been invested here for years know the risks and have weathered many storms and are still here. They are possibly going to generate a large sum of money if the sell shallows and receive the CE cash, that could be hugely positive or negative dependant on values and what they do with the cash. I believe they're rushing WS through before releasing positive news and we're riding on the Oraziman clan's coat tails. Pure speculation but we've not got too long to find out. |
Posted at 16/4/2024 11:00 by xclusive2 Thanks for your input Spangle, interesting. I suspect many shareholders are concerned re the latest proposed deal at West Shalva. Is it another 3AB deal wherby we suffered dilution and no ROI ? On the face of it it does look like another sweetheart deal but won't know until it's drilled. I'm not unhappy with their acquisition strategy but am unhappy with the structure of this deal. They could structure it completely differently without any immediate dilution apart from drilling commitments. Our Bolthazan is going to receive 200m shares or should I say the KO clan is and it could be a repeat of 3AB, there are no guarantees. Surely they should be waiting to see the outcomes from BNG shallows sale, CE deal and current drilling ? if positive then the share price will increase and that's the time to do the deal as it would be far less dilutive. The CP/WCP would be winning as the share price could be back to double figures but no, they're doing it now and it's another feed at the trough. They could've waited as the asset is available so why do it now ? I suspect that the BNG shallows deal is closer than we think, maybe B8 news too and the CE cash deal confirmation. I think they're rushing it through to max out their shareholding pre releasing positive news and to have prospective acreage at WS that COULD replace MJF.One thing I do know, they're going all in with building their shareholding so surely there has to be good news and an exit at some juncture. Could be the biggest bargain on AIM or the Casper saga will drag on, which is it ? we'll know very soon imo. |
Posted at 10/4/2024 13:03 by maxim1999 I am not sure the company has a mechanism to dictate the share price. How could they keep the share price depressed to stop it running away from the 4 p strike? Moving on is there any point in going to the shareholder meeting? Whatever the strategy they deliver on the day won't be impacted by a few shareholders turning up and asking questions on it. My experience is the meetings are a complete waste of time. I met KO at a meeting where they mapped out an impressive 12 month plan of acquisition, testing , exploration, increased forecast production etc. He even showed a video on his phone of a flared well. That's was 7 years ago and production and share price are little changed. |
Posted at 10/4/2024 10:29 by konil the price action since the rns says it all.management need to stop with lining their (and their family/mates) pockets with asset transfers and start delivering operational momentum at a reasonable pace. for far too long operational progress has been snail like, difficult to justify with supposedly 5 rigs at their disposal. would help if they stopped playing draughts with their rigs around the acreage...or is that just a convenient excuse, albeit with no logic, to explain lack of drilling progress. with the meeting date set for 25th april, does that now mean no more op news till may? in any case they will be loathe to see the share price increase until they have finalised this latest pocket lining at 4p. and the lower the share price gets they can later say the deal was done at a wonderful price for the company. or worse still they may reprice the deal at the lower share price and give themselves even more shares. for me this latest asset transfer is a step too far and i'm looking for the door at opportune moment. p.s. not that it matters a jot to the bod. |
Posted at 08/4/2024 09:58 by penrith Fairly typical Casp. £84K shares sold, Mkt cap £84 million and a drop of 6%.Seriously that is almost like me selling my complete holding and causing a 6% drop. The share price is completely irrelevant at the moment. My technical knowledge of Casp is minimal compared to some on here even though I have been invested for a number of years. My commonsense however I value highly LOL and it tells me that whats seen as good for the concert party in the longer term is good for us. There plan is to increase their fortune and we are hanging on to their tails.Enjoy the (at times very bumpy) ride. ATB. |
Posted at 28/3/2024 19:45 by xclusive2 Primary message, if they sell the shallows, their direction is that monies will be spent on NEW development assets where their expertise is greatest. Not sure where their expertise is greatest so what is that ? More shallows that need development ? Don't see that as why sell existing that need development ? doesn't make sense. More acreage with deep opportunity or deep and shallow ? a possibility . As posted, it could be Block 8. It makes sense to me as it's a producing field albeit minor currently but has 4 deep structures and soon to have a new licence. Why do this deal if the new drilling is unsuccessful ? They've drilled the wells and they'll know whether they've encountered oil on the way down to TD and why continue to acquire it if it's a failure. Don't believe they've tested yet as it would change the negotiation so hopefully we don't wait too long for licence approval. One thing I don't want to see is a windfall divi and cash extraction exercise, they have to replace with production.The licence upgrade on the BNG deeps is also interesting as they believe 803 completes requirements. The change in oil trading regulations is good news for Casper providing they can convert the deeps. I agree 100% on them focussing on 803 and A5. 802 flowing @ 700-900bopd before blockage and 803 1250m into a 3900m TD, maybe 4200m if first target uncommercial. Then there's A5, our best well that flowed at 3800 bopd for 25 days allegedly but now a new sidetrack could be completed this qtr and any success here is a company maker.They also state that they could start exporting oil which will give another boost to share price but need to see production above 70k on a monthly basis. If they do sell the shallows then this is a strange thing to say unless they have production to replace it with ? This leads back to B8 wells and maybe they're expecting a result on 803/A5. If they do succeed then it's onto 801/802/A7 and 6 remedial work as part of the appraisal process to book reserves.Then we have CE cash to hit the coffers in Q3 so hopefully no hiccups there especially as they've spent money readying the barge. Hopefully any signed contract would cover any costs incurred in the event of cancellation or delay but not so sure with Caspian.The multi-bagging upside is still in play and 24 looks to be a defining year for shareholders. No guarantees but you've got to be in it to win it or lose it ! |
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 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 03/8/2023 07:53 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 15:02 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 . |
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