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CASP Caspian Sunrise Plc

4.80
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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 0.00% 4.80 3,157,935 08:00:00
Bid Price Offer Price High Price Low Price Open Price
4.70 4.90 4.80 4.80 4.80
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 11.16 108.24M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:26:41 O 25,000 4.704 GBX

Caspian Sunrise (CASP) Latest News

Caspian Sunrise (CASP) Discussions and Chat

Caspian Sunrise Forums and Chat

Date Time Title Posts
26/7/202417:13Caspian Sunrise23,688
15/7/202411:21Caspian Sunrise3
26/5/202306:52Caspian Sunrise-
24/2/202313:32Caspian Sunrise 11,088
25/5/202218:48Caspian Sunrise 2019 -20217,373

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Caspian Sunrise (CASP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:26:444.7025,0001,176.00O
2024-07-26 15:13:294.8541,1151,994.04O
2024-07-26 14:47:434.705,000235.20O
2024-07-26 14:05:594.7015,000705.60O
2024-07-26 13:25:004.9011,939585.01O

Caspian Sunrise (CASP) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 4.80p.
Caspian Sunrise currently has 2,254,978,483 shares in issue. The market capitalisation of Caspian Sunrise is £108,238,967.
Caspian Sunrise has a price to earnings ratio (PE ratio) of 11.16.
This morning CASP shares opened at 4.80p
Posted at 22/7/2024 12:20 by dipla
https://simplywall-st.cdn.ampproject.org/v/s/simplywall.st/stocks/gb/energy/aim-casp/caspian-sunrise-shares/news/caspian-sunrises-loncasp-profits-appear-to-have-quality-issu/amp?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17216471549086&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fsimplywall.st%2Fstocks%2Fgb%2Fenergy%2Faim-casp%2Fcaspian-sunrise-shares%2Fnews%2Fcaspian-sunrises-loncasp-profits-appear-to-have-quality-issu
Posted at 17/7/2024 17:13 by roy1982
NN
I am the most chilled person you could ever wish to meet in fact the only thing I know that is cooler than me is the casp share price which as we know has been sub zero for many a year
Posted at 15/7/2024 18:04 by xclusive2
NN,I agree that the company is now in transformation mode and about to go into cash generation mode, paying off all liabilities and hopefully building reserves as-well as the other elements of the business. Unfortunately history has dented credibility and hence poor sentiment and a lack of trust for some of the investor base. The previous poor comms, the announcements of flowing wells followed by problems at every deep asset, same for 141 & 142. There is great news as you've highlighted -;- 2 consecutive years of profitability - CE is great news and hopefully ENI take up their option for 26 and a new contract with another entity in 25 or maybe a share in an offshore play ?- The oil trading business and probably moving to commodities- the rigs business- growing the deep and shallow asset base- the possible sale of BNG shallows at hopefully a fair price There's loads of positives and the market will get it but the biggest tick in the box would be an intermediate (803) or deep success that builds on the existing BNG reserves update and strengthens the NAV. That's big news but even if it didn't happen, they're finding oil at most assets, the issue is conversion so partner or sell the BNG acreage for a tidy sum. They've applied to extend the BNG deep licence for 2 years v go for a 25 year licence. Many have missed this and to me it's another buying signal and they want to complete the appraisal process on NY and Airshagyl deeps. Hopefully 803 is the first win, then onto the original target on a separate well. Partner for 802 and then onto the completion of A7 and the remedial work at A6/7. Also the windfall Divis, the share buy backs. The share price is going to go north and hopefully supported by improving fundamentals so we can stop the retraces and see continued share price growth . This is an absolute raving buy down here and maybe our penny share pumpers, sorry tipsters a la Zak Mir and others will continue to spread the word, our new broker will issue a positive note, hopefully after a successful 803 :) and we start to see the return to fair value but as we know, this will go a lot further on the right news and the blue sky forecasts will start to filter through to the share price Tick, tock, boom .
Posted at 09/7/2024 15:18 by xclusive2
NN,Impossible to say but I'd agree that there will be a lot of larger PI individual holdings now, largely as a result of the share price demise to the 1.75p lows. I know of several chunky holders but there are others that post and allegedly have big holdings too. As you say, the share register will only show c 20 holders that have disclosed holdings of 10m + but does not highlight those nominee holdings under the WHI/AJ Bell, Barclays, Halifax, II etc. It will be interesting to see how this trades on re-admission. As stated, 803 makes a considerable difference but there maybe a huge opportunity to get some VFM ie cheap stock if share price didn't jump as expected. I will be a buyer regardless of 803 news as the NAV v share price are disconnected. I'll be picking up Penrith's stock ;)
Posted at 26/6/2024 10:42 by xclusive2
I've sent CC a direct note to state that it would be utter incompetence if they repeated last years effort. New accountants are meant to be better suited to Casper's requirements, more agile etc so no excuse for missing AIM deadlines. Understandably it spooks PIs and inevitable selling ensues. They have no regard for Pls, we know that but inevitably, they get rich from the share price if they want to exit in style and that outcome is driven by PIs buying. If they do release positive ops update tomorrow pre AGM then there'll be a scramble for sellers to get back in at a sensible price but conversely, any poor news will do the opposite but it'll bounce again as the bottom feeders return, knowing that H2 should be very busy operationally and a likelihood of share price appreciation. The knockers will be stating the bear case ie BNG licence may not be approved and loss of assets to the Kazakh state. No B8 licence renewal and same story. No CE cash and the inevitable 'going concern' question. Not saying that it's impossible as it's Kazakhstan but very unlikely, especially after navigating choppy seas for 18 years now !I remain bullish but as stated, it's time they show us the money and end the jam tomorrow bullshoite. They have 6 months to do it !!
Posted at 16/5/2024 12:36 by the new norm
quiet day in the office so got some time to speculate on what the future holds for CASP over next 12 months

following the $83m sale RNS I think we can bin the idea that the family is looking to sell whole Group and exit with bags of cash, I think this proposed sale of BNG shallows also quashes the speculation that the Family is planning to shaft the PIs and take the Group private on the cheap

$83m is a good price for the BNG asset but do you really want to lose the production just as you are beginning to create new profit streams from oil trading and drilling?

I think the answer lies in Block 8

Subject to block 8 licence renewal and sign off by the authorities CASP will initially have 4 deep wells with 1600 bopd production...speculation on my part...we have been told that the existing 2 deeps have produced up to 800 bopd but are currently only producing 110 bopd because of licence renewal requirements. I am assuming that the recently drilled and soon to be tested wells(2 wells) also produce at 400 bopd per well

CASP achieving $35 a barrel in local markets less $5 per barrel royalty payment

1600x$30x365 = $17.5m gross profit

Oil trading 1600x$10x365 = $6m gross profit

Block 8 production at these levels would replace current BNG shallow production

Add in CE profit of $15m and something for drilling services and you get annual gross profit north of $40m pa

Sale of BNG shallows brings in $83m less $15m historic costs less $5m block 8 loan less oil trading finance and they will be sitting on $60m cash on balance sheet

Ignores any production from BNG/SY deeps and WS and 3ABest

All potentially happening in the current financial year ending Dec 2024

Looks good for a penny a share dividend and possibly a special dividend of 1p within next 12 months

The Family get $25m+ in dividends and CASP share price hits 20p+

Very scalable business model with lots of potential for dividend growth from increased oil production and future profitable asset sales

Market cap quickly increases above KO/CC big bonus hurdles and they get their big pay days too

Exciting times ;-)
Posted at 07/5/2024 11:37 by xclusive2
Back from a nice little break in CA. Can't believe how expensive it is now !! Need our Casper to start delivering the 'shareholder value' they've been promising for 18 years! As has been stated MANY times, there's a lot on the go that could finally improve the NAV considerably and create that shareholder value that is long overdue.23 Financials will be out in June and we're going to see profitability BUT liabilities increasing due to increasing loans. Now is the time to turn that tide and reverse the dilutive process by generating cash. The next few months should see inflows from various sources. Firstly the B8 contract. The licence approval could be imminent and if so, we can expect to see loan repaid and the first revenues from existing production, to be followed by the testing on the 2 new deeps and hopefully some success at long last.Next to the CE. A couple of links below show that Abay well is going to happen and hopefully that means the CE is still the preferred drilling solution. If so there's $10m+ coming our way and probably more as the drilling time allocated is probably too optimistic so I'd be expecting more than the 10m profit. https://emea01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fqazmonitor.com%2Fnews%2F2916%2Fhow-kazakhstan-revamps-its-subsurface-management-in-2024%3Famp%3D1&data=05%7C02%7C%7C15e84f1eb9ac4fdedf9208dc6d86acfe%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638505672400548442%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=t57PmwrWRXu625JRAQn7%2FV%2FiSnmHt0oFIehSwyeFibg%3D&reserved=0https://interfax.com/newsroom/top-stories/101875/Both recent publications and stating that Abay exploration still planned. Will success at Abay mean more work for CE or will Casper trade cash for a small % of the bigger projects ? Next the shallows sale ? They've announced the possible interest in the shallows yet they're completing 803 before applying for a production licence on an acreage ie the BNG deeps that has produced zero to date. Yes, all wells bar A8 have flowed but could any future sale include the deeps ? Either way, there could be a significant injection of cash, my concern would be whether it's more than the NAV. The big question, are Casper capable of delivering deep success ? I'm not convinced and maybe their success will come from buying and flipping assets for a considerable profit ?Other sources of cash ? increased production of course and who knows, 803, Block 8 or any other deep like A5 would obviously transform the landscape but that's not immediate. Our new Camel acreage at WS. The oil is allegedly seeping to the surface and it will take little time to drill a well and if successful, cash inflows could happen far sooner than at MJF. Infrastructure far better too and less transportation costs improving profitability.If they do generate cash then it gives them the opportunity to grant a special divi or who knows, they may go into share buy back mode. Next few months will be defining for Caspian. We're getting to the conclusion stage on many assets and plenty of news in the coming days, weeks and months. Time to start generating cash to reduce those liabilities and if they do sell BNG shallows or even the deeps, what do they do with the cash ? I suspect that they buy more assets, easier targets (allegedly) like WS where hopefully their skills snd capabilities are a match for the asset to be drilled. SP @ 3.4p ? regardless of success, the share price will run again as peeps talk it up as news nears. Hopefully this time the hype will be met with positive news that finally strengthens the foundations. If they do deliver success, you can expect to see ridiculous hype here, long overdue for those invested for years :)
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 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.
Caspian Sunrise share price data is direct from the London Stock Exchange