fynne
06 Aug 2018
Price moving up Seems a director thinks it’s also worth putting some money in … maybe this was more the reason behind the last production update rns… director buying in with the recent price speculation would have looked a bit iffy? Thing about kaz is there is already an established oil and gas infrastructure so the issue of permit etc won’t be an issue … looking good imo
fynne
02 Aug 2018
Price moving up The really positive thing from the rns is that everything is going to plan … a little slowly for some maybe but that’s the challenge when the next well needs the materials from the first etc … potential is pretty high here imo so I’m happy to wait …
bobsson
01 Aug 2018
Price moving up Thinking about it, I agree with a poster on another board who thinks this was a hastily prepared holding RNS issued because of the recent share price volatility. Clearly no good reason why the sp should go up 20 or 30%. Likely now to trade between 9 and 10 for 6 or so weeks IMHO DYOR
bobsson
01 Aug 2018
Price moving up RNS 1st August giving deep well update. There appears little or no progress in getting any of the three deep wells to produce. So likely another six to eight weeks for more news, could even have to wait for the interims in Oct/Nov. And what about the shallows wells, are they still under performing? Current sp around 10.3p. Real doubt as to whether CASP can get these deep wells to flow. IMHO DYOR
bobsson
26 Jul 2018
Price moving up Share price moving north today, now around 10.4p. Been around two months since last news, I just hope they have successfully tested a deep well for a number of weeks and they have waited to confirm it is producing consistently rather to report the start of a test and then announce it has failed, as they have in the past. I am also concerned about the production levels of the shallows, need confirmation that all is fine and that the shallows are producing around 2500 bpd. A deep well should produce around 2500 bpd so we could be looking at 5000 bpd, generating enough cashflow to re-start the drilling campaign. Icing on cake would be two deeps producing, but this is Casper so just a good a chance of announcing more problems. Come on lets have the good news!
Boxer Kane
05 Jun 2018
Boring I compare waiting for this to move north, like watching paint dry. Seriously this is painful.
bobsson
14 May 2018
RNS Final Results out Final results for year ending 31/12/17 published this morning. Worth a read but nothing we don`t already know, or suspect. Production around 2000 bpd so cash is coming in, with a prospect of more cash when move to export licence is granted hopefully by end of 2018. One or two deeps flowing at 3000 bpd in next four months would be a huge boost.Just a long waiting game with Casper.DYOR
bobsson
09 May 2018
Ops update Ops update RNS today. Progress is slow, so looks like July or August for news on deeps. It will not be enough imo for A5 to flow, we have been here before, we need to see sustained flow/performance over the 90 day test. Looks like shallow production around 2000 bpd so not bad and they should be receiving around $28 per barrel at the current high oil price. Also just because they are entitled to produce for export from the MJF in July does not mean they will. They have to apply to the ministry for an export permit and show all the processing facilities are in place etc, so the export licence could take a few weeks to arrive.We may have to wait for a Santa rally at this rate.sp currently around 10pIMHO DYOR
boredofblogs
27 Apr 2018
Re: Shareprice I wouldn't expect any new CPR till this summers drill campaign and test results are complete either ? Why would they?? some good news that A5 blockage has been cleared and flowing freely again would soon change the chart pattern I think .. but then two more wells to be drilled after that. Any good results from these drills and the "shareprice" will be higher than the current 10p imo
bobsson
26 Apr 2018
Shareprice The share price is stagnant at the moment just showing it bouncing up and down in a castellation pattern. Seen this before if not on this on other stocks where corporate action is pending. So I am thinking we will have news regarding the 3ABest tie up shortly and then ops update to follow after. There can be now reserves upgrade from a competent persons report until there is well data to interpret, so at least a six month delay before another CPR in my opinion.
boredofblogs
21 Apr 2018
Re: PoO and production Yes been a month since the last rns that normal service had been resumed. News of clearing A5 and flow testing? .. News of a successful sidetrack on 801 and rig move to spud A6?? .. News of the lift pump installation and flow rates from 146 are all due also !! fingers crossed ..
bobsson
19 Apr 2018
PoO and production We know the price of oil is over $70 per barrel, so CASP should be receiving over $25 per barrel at the well head. What we don`t currently know is how much oil CASP is producing. I think a worst case scenario is 1500 bpd and could be double this if they have cleaned up a couple of shallow wells and triple if they have a deep flowing.So worst case production should be bringing in $1,125,000 per month with these higher prices. Afaik CASP are not operating on a fixed price per barrel but a flexible one according to quality and oil price.But as always we are kept in the dark, give us an update Clive please. I am sure we can handle the truth.
boredofblogs
09 Apr 2018
Next news .. Of A5 having been successfully cleared and on flow testing would be appreciated .. not sure how long this was meant to take but been a few weeks since the last rns .. same with the sidetrack ? We could be hearing of two wells on flow testing soon .. plus with the lifting pump installation on 146 ... the big question will be just how much oil n gas can we get ?? Upside an easy 15p downside 8 maybe but with two more planned drills there's a second throw of the dice .. jmo
boredofblogs
19 Mar 2018
Re: RNS Ok so nothing of any substance but not that bad surely ?? and with the weather delays it's good to hear things are back on track .. Market reaction was interesting as it dropped 20% instantly.. seems to have found support around the 10p mark and with a high this week of 14 (ish) .. .. A5 has yet to be cleared but flowed at 1000 blocked so there's still a chance of something better .. definitely not a disaster but maybe disappointing (atm) 801 sidetrack underway with only 445m to go (fingers crossed) A6 next A8 Q2 (and hopefully learn something from A5) 146/142 are both ready and as long as they can turn a profit shouldn't be dismissed as a disaster either (imo) its a gamble but with plenty of news to come I think it's still a good time to buy ..
bobsson
19 Mar 2018
RNS Not good news Operations update today. Not good news, only more delays and problems reported. Looks like last chance for A5, if the coil tubing does not work I expect a plug and abandonment. The new drill A8 (delayed) will be only 750 metres from A5. Problems also with shallow well 146 and 142 so the MJF is not the dead cert I expected. No mention about oil production numbers but likely to be around 1000- 1500 bpd only now.Looks as if any good news will be about 6 months away, August/September 2018.IMHO DYOR
