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Got CE off line for the last 5 hrs anyone got anything more up to date or more accuate
22 hours now! Interestingly all the others around her are on-line.. Umm ..
They've finished doing these then ...
The C.E. is still moored, they'll be running full systems checks, safety drills, practice operations etc.
Could this be the start of an upward trend, starting with the boat. It’s been a long journey since 2014 so many disappointments, false dawns and misleading info from Clive’s office. So here’s to 2024/25 it’s can only get better, please.
Leveller, Block 8
Block 8 Deeps:- 2823sq Km contract area, cost $60m from future production at $5 per barrel waiting for licence, owned by Procyon investments (Member of the Oraziman family)
Well P-1:- Drilled 2016 Depth 4203m, P1+P2 Combined 110 BOPDs did flow up to 800 BOPDs, Sholkara structure
Well P-2:- Drilled 2019 Depth 3449m Sholkara structure
AKD-4:- Reached target depth 3922m prep for testing Nov 2023 Akkuduk structure
T-2D:- Reached 3408m target 3500m prep for testing Nov 2023 Toresai structure
Cheers DM.
And there I was getting excited about the A5 etc. and the akkuduk and tolsei structures are equally interesting.....
Let's hope that promise of long term shareholder value comes true soon...and a positive RNS without a sting in the tail. Perhaps a top up to clives glass, so it's less than half empty or perhaps more than half full.
C.e. transponder should be turned back on when it's in position and tug (s) decoupled.
Did anyone note any names of tugs moored nearby?
Leveller, have you not got the full list of CASP drills?
She should have AIS on at all times if unmoored unless it's a security concern so should assume it's still in position, however it has been sat there a long time with it on so why hide now.
DM, not the new ones, but I think I do now
Mike, remind us please mate.
What is the potential here?
Ce and his transponder.
Follow the tugs, their AIS will be on...
C.E. can turn on and off and it won't affect their insurance.
https://digitalyacht.net/2021/02/25/ais-transponder-for-barge/
George you are a tease !! Leveller here you go
Caspian Sunrise Summary.
BNG:- 1561 sq Km contact area, 40 Km from Tengiz (Nearology)
MJF:- Shallows Export licence to 2043
141:- Spud 2015 depth 2500m Sidetrack commence Dec 2023 27m of stuck pipe
142:- Spud 2015 depth 2500m Dec 2023 new sidetrack, 3 intervals, 1 now flowing at 160 BOPDs
143:- Spud 2013 depth 2750m Tender for pipe lines to GZU Oct 2023
144:- Spud 2017 depth 2750m up to 700 BOPDs 7mm choke
145:- Spud 2017 depth 2750m Workover failed Feb 2024
146:- Spud 2017 depth 2750m
150:- Spud 2019, 1st infill well, up to 500 BOPDs
151:- Spud 2020, 3rd infill well, to be re-drilled horizontal
152:- New well planned as a horizontal drill
153:- Spud 2020 depth 2503m Workover in prog was producing 830 BOPDs 8.5mm choke
154:- Spud 2021 depth 2548m, up to 645 BOPDs
155:- Spud expected Nov 2023 completed Q1 2024 TD 2400m now at 1000m 25/3/24
South Yelemes:- Shallows Full production/export licence to 2046
54:- Soviet sub economic 30BOPD workover Q1 2024 2000m targeting Dolomite
805:- 160 BOPDs sidetrack Dec 2023, 2222m targeting Dolomite
806:- Workover Q1 2024 2000m targeting Dolomite was flowing at 150 BOPDs with 807
807:- Workover Q1 2024 2000m targeting Dolomite
808:- Spud 2017 3200m 6 intervals potential new structure, drilled to 3070m, inconclusive testing, high water saturation, 2 shallow intervals of interest not yet tested
Yelemes Deeps:- 36sqKm Salt layer typically 3000m – 3500m
801:- Sinopec drill, spuded Dec 2014 Drilled to 4950m/5050m? Jul 2015, now blocked, waiting for rig
802:- Stuck pipe , work halted Total depth 4200m flowed at 700-900 bopd 100m earlier than expected looking for partners
803:- Spud Dec 2023 target depth 4200m TD Mar 2024 at 1250m 25 Mar 2024
804:- New well planned
Airshagyl deeps:- 58sqKm Salt layer typically 3700m – 4000m
A1:- Maps only
A2:- No mention on any maps (Possibly old Soviet era well)
A3:- Maps only
A4:- Maps only
A5:- Blocked, 63m interval flowed at 3800 Bopd 19mm choke for 15 days Dec 2017, flowed at 1500 Bopd 12mm choke Feb 2019 for 40 days. New sidetrack from 3769m to 4405m Nov 2023
A6- Drilled 2015 to 4516m Repair required Q4 2023
A7- Paused at 2150m to be continued to 5300m Q1 2024 interval of interest at 4000m
A8- 3 oil bearing intervals, now abandoned
A9 New well planned to find perimeter of Airshagyl TD 5300m targeting Jurassic prospect
A10 New well planned
Block 8 Deeps:- 2823sq Km contract area, cost $60m from future production at $5 per barrel waiting for licence, owned by Procyon investments (Member of the Oraziman family)
Well P-1:- Drilled 2016 Depth 4203m, P1+P2 Combined 110 BOPDs did flow up to 800 BOPDs, Sholkara structure
Well P-2:- Drilled 2019 Depth 3449m Sholkara structure
AKD-4:- Reached target depth 3922m prep for testing Nov 2023 Akkuduk structure
T-2D:- Reached 3408m target 3500m prep for testing Nov 2023 Toresai structure
Cont:-
3A Best:- 1347 sq Km contract area under the Total E+P owned Dunga field (15,000 BOPDS) up for sale
West Shalva area:- 25sq Km Exploration licence until 2029 $15m paid in 3 tranches
Additional fields:-
Nsanovskoye Field:- TBC
Tolkyn Field:- TBC
Saztobe Field:- TBC
Tasym and Bekbolat Field:- TBC
Other:-
Mineral extraction: - No details
Wind farms: - No details, wind farm project noted in the 2021 financial statement.
Caspian Explorer:- Prosperity Petroleum, a UAE registered holding company for the CE, All cost written down in previous financial statements so that its carrying value now $1.7m, Originally bought for $25m, issue of 160,256,410 shares (Then 12p per share) Awaiting contract details/dates 2024 contract with ENI net profit $15m
CTS LLP:- Caspian Sunrise wholly owned drilling company
Galaz field:- Sold for $100m, Of million disclosed the $100 approximately $50.4 million relates to the equity of Galaz & Co LLP, in which Roxi has a 34.22 percent interest ($17.24m) and approximately $49.6 million relates to the assumption of shareholder loans owed by Galaz & Co LLP, of which approximately $11.3 million is owed to Roxi. In aggregate the share of the $100 million disclosed attributable to Roxi is expected to be some $28 million. ($17.24m+$11.3m) …. This section needs clarifying as it has conflicting reports notably 2022 accounts
Thank you DM
Such a fine summary ! And so many horses in the race....
George, and what is the whole show worth, well that depends on what we don't know, a cheap sale here and the biggest losers would be the WCP for sure, our (Us PIs) miniscule holding, even less now Phil sold down, holds no sway with the WCP, we can hope, pontificate, pray and occasionally fantasize of riches beyond our wildest dreams, in reality we are just here for the ride, its a good BB with a wide spectrum of views which are all welcome .................. 28p/share full sell out
Diver,
I had far too many and made the call to reduce but like anything, you have to review all investments as prospects change. I’ve been adding over the last month and have absorbed a considerable chunk and am well above eight figures again. As some point we all need to take profit at some juncture but as always, that depends on the future prospects. We’ll soon see whether that is a sensible move or not.
Driver…..can’t see the concert party selling out for 28p
Phil, are you a politician? 8-))
Agree with Belles, this is not just wishful thinking, 28p barely even covers the valuation needed to trigger Kuat's (and Carver's) sizeable bonus on surpassing $800m market cap. 28p has to be the absolute minimum for any eventual sale price and given W H Ireland's projections for total valuation on a best case scenario I would expect there target to be rather higher than 28p.
Mike,
You’re damned if you do and damned if you don’t ! Forget about my paltry collection, as you say, we’re irrelevant in the scheme of things and riding on the coat tails of the CP and WCP bigger holders. Had to divest some of the Stingher cash to this worthy cause and couldn’t have you worrying about my holding ;)
Can see an end game in sight following decision to bin the shallows and whether they get success at the deeps or not, I see them selling the whole BNG deep acreage at a significant sum or maybe partnering with another party who can bring them in. Next few months is going to decide whether it was a good decision or not and my Stingher downgraded to a dinghy :)