Civitas Social Housing Share Discussion Threads

[markinthepark] 28/6/2007 15:39

It was always risky buying into the dream here.......clearly the reality has proven to be too much even for the CSH spin doctor to keep fooling all of the people all of the time....egg cups of oil and a small possibility of expansion means this dog has had its day I'm afraid......the kindest thing would be to put it down quickly but it looks like they are going to keep this mut alive as long they can keep drawing their salaries......

[markinthepark] 26/6/2007 12:23

Looks like another candidate for the AIM boneyard then.......

[grlz] 26/6/2007 12:17

glug glug glug - not just the share price going doing the pipe the spread is getting wide too (20%)

[markinthepark] 26/6/2007 11:05

and so it goes on.....down to 5p on the bid....is anyone keeping the faith here now?

[paddywak1967] 26/6/2007 09:17

Anyone interested in mining stocks should also have a look at Cambridge Mines(CMR) at the moment. Announced good news yesterday but the really interesting news today concerns a strong rumour(not denied by management) that they have discovered uranium on a mine in Bulgaria! If so it will rocket!!

[novice8] 24/6/2007 08:27

could someone advise what would happen to investors if this does delist?

Thanks

[grlz] 23/6/2007 00:43

WS - the market rarely rewards dodgy dealings and any support or resistance lvl this stock had vanished the moment CSH started with the 4p equity shenanigans.

Seen it before with CST and CAPT and now CSH - I expect nothing more than mid-term mediocrity from the company's business operations and the share price to suffer a death from a 1000 cuts until 4p, when who knows! - I still keep this on monitor, as you never know and I would love to be proved wrong

Not looking to buy in this downward spiral as the bid/offer could easily go wider than a Russian escort's legs at a Kauphing BDP, but to those who hold good luck

[wstirrup] 22/6/2007 16:15

grlz, is that your buying price? :¬))

[grlz] 19/6/2007 16:00

getting near to 4p

[markinthepark] 19/6/2007 13:20

Seems like we get at least 1 AIM company a week announcing that they intend to delist from AIM and yet this one clings on like grim death.....makes you wonder....down another 10% today.....sooner this goes the better before any other PIs get screwed.....

[volsung] 18/6/2007 15:20

The 71% are those who bother to put a buy or sell rec. I'd say the recs were put on shortly after they bought the share. LOL

[grlz] 18/6/2007 15:07

why 71% of advfn users say this is a buy I have no idea - I would guess it's slowly heading to 4p after the last Masterman financing masterstroke.

dyor/imho

[markinthepark] 13/6/2007 15:26

Looks like the market is finally giving this stock the wide berth it deserves

[stuart14] 13/6/2007 12:56

Well i still hold, but will probably sell and use the loss to offset gains elsewhere and save me some tax.

I spoke to Masterman again last month and to be fair he was rude and particularly unhelpful, (whereas he used to just be unhelpful).

I'd like to see what the deal is that has been muted around, or see if they can secure this extension area, although i wouldn't hold my breath.

[markinthepark] 13/6/2007 12:51

Is that enough evidence for you?

[markinthepark] 13/6/2007 12:50

From November 2005.....

Production Capacity

Based on the reservoir model, the history of oil production from the field and
implementation of the proposed production improvement programme, SCA has made an
assessment of the production rate that could be achieved from the six existing
production wells once the previously shut in wells are brought back into
production (106, 107, 111, 112, 113, and 114) and the proposed five new wells.
No production estimate has been made for wells 116, 115 and 123 which have the
potential to yield results.

It is estimated that following the proposed workover programme, the six existing
production wells, could produce on average 25-35 barrels a day for a total
estimated rate of 150-210 barrels a day by the end of December 2005. Subject to
the normal risks associated with oil and gas exploration, it is estimated that
the five new wells, properly cemented and completed, could produce on a most
probable estimate basis 60 barrels a day for a total estimated rate of 300
barrels a day for five wells. In total this programme brings the improvement in
production to 450-510 barrels a day.

This rate of production is significantly lower than the rate of production
estimated by the Competent Person Report ("CPR") in the Company's AIM admission
document of 4 November 2005. On the basis of the original Soviet geological
model and the log results from the old production wells drilled between 1934 and
1945, the competent person estimated that the first stage of development of
Zhengeldy could produce at a rate of 1,400 to 2,100 barrels a day from five
successful wells. The competent person further estimated that if the first stage
were successful, production could be increased further to around 4,300 barrels a
day from investment in a further 10 wells.

With the benefit of 12 months operating history and the modern log results of
nine new wells it is now clear that the daily production rates per well
indicated in the CPR were too high and cannot be realised. There are a number of
reasons for this variance:

* Production management.
The SCA review has identified up to eight oil bearing levels in the
Zhengeldy oil field. The levels are thinner than the 4 levels analysed in
the CPR. Current production techniques allow for production from one level
at a time. We are exploring how production from multiple levels can be
achieved cost effectively.


* Sand/Shale changes within levels.
The CPR was based on the assumption of homogeneous sand levels - the
operating experience has been that there are material changes in the shale
sand mix within productive levels limiting rates;


* Limited drilling success in the deeper "Triassic" levels.
The deeper higher pressure levels (400-800m) were expected to produce higher
daily rates than the shallower levels. Caspian has had limited success in
the Triassic level and the carboniferous nature of the deeper levels has to
date not produced good flow rates. A reserve update will be provided at the
conclusion of the SCA review following assessment of the workover programme
results. The company, based on this advice, will continue to investigate the
Triassic level but in the interim it is prudent to downgrade the Triassic
reserves to probable

[stefield] 13/6/2007 12:36

or the bit where micheal MASTER MAN forgot to tell us its not his real name !!!

im embarrassed to say i fell for that one, although the lessons learned have been invaluable !!

[markinthepark] 13/6/2007 12:18

lol....try reading some of the company's own announcements....especially the one that admitted their estimates of reserves (which have been revised downwards significantly) had been based on a study by some russian so called "competent person" that was done years and years ago...they conveniently forgot to mention that detail in their prospectus when floating the company....the directors of this outfit are on a par with the kind of characters who we read about operating boiler room scams.......

[stefield] 12/6/2007 02:28

honest ???
you obviously havent been around here very long !!!
:)

[standby66] 11/6/2007 21:22

so, where we go from here...?

the statement is encouraging,but i can't help asking myself...."are they honest??"

I will appreciate any decent comment???

[phillis] 07/6/2007 22:22

and the number of barrels of oil produced and sold was.....?

Interesting to lesrn that exports were suspended "in order to meet domestic sales quotas and other regulatory requirements"

Didn't mention this in the relevant RNS

Still a dead duck but now needs a decent burial

BYE BYE

[codroy] 05/6/2007 22:38

92 brasso_on_al_fours -6.11% 5.68% DLG
7.50
3.45% LONR
33.00
-1.49% NAN
10.25
-8.89% MRP
16.00
-11.11% PELE
17.50
-12.50%

[btut] 05/6/2007 22:35

This share will head North soon,All it will take is 1. oil exports to resume within weeks 2. output & production raised in line with the price of oil. 3.
extension to be granted later this year. imho this will all happern. PS RISKS MAKE REWARDS GO FOR IT!!!