I think it`s about time CSH had a thread, an AIM oil co. that is producing oil and quality stuff at that. These are vastly under-valued, market cap. 30 mill., they are going up on news NOT hype. check them out.
Dexter

WILBS,
Did any news ever come through about the meeting with HB or was that just Hype from the other side.

BANKONE,
The meeting apparantly went ahead. News on the otherside is that results are due this month and the re-rating from HB will follow. Also drilling updates due. The sp has been disapointing of late but I am sure we will be rewarded. Many of the posters over the road have apparently been topping up on the price dips.
Any views?
dexter,
you still in this one?
I bought in GAS, a new floatation today. Up already.

wilbs

I got this of advfn,its taken from resource investor,in my opinion its well worth a read -

"Caspian Adds Oil Production, Plans Acquisitions

By Stephen Clayson
16 Mar 2005 at 09:47 AM EST

LONDON (ResourceInvestor.com) -- Junior oil producer Caspian Holdings is continuing to develop its Zhengeldy field in Kazakhstan after floating on Londons AIM in November of last year. The company raised $4.43m through its initial public offering, and is still in a strong position financially with over half of its flotation funds remaining, according to Executive Chairman Michael Masterman.

The three wells sunk in the Zhengeldy field by the company since its IPO have all struck oil, and their production is gradually being increased to towards a targeted company wide 1-1400bpd as shallower oil levels are perforated and improving weather conditions allow further well development. A fourth new well is currently undergoing production testing and results are expected very shortly.

Caspian ultimately envisages a field up to 15 wells on the Zhengeldy concession, with a projected output of 288bpd from each yielding a field output of 4300bpd once fully developed.

Caspian is looking to acquire more assets in the eponymous region, and Masterman says that the company is currently looking at a number of propositions. Due diligence is presently being conducted on one possibility, and this acquisition is likely to be completed within the next 3-4 months. Masterman is unable to reveal many details of the property until negotiations are finalised, but says that the prospect is of a similar character and size as Zhengeldy at 13mb proven and probable reserves.

Caspian intends to focus on shallow fields that are relatively easy to progress to production, allowing it to replicate its success at Zhengeldy, where drilling costs have so far been kept to around $300,000 per well compared to $8-12m for a typical deep level well. The company will remain focused on the prolific Caspian Sea region for its expansion plans, and future acquisitions are likely to remain onshore and in Kazakhstan, though Turkmenistan, Azerbaijan and Southern Russia could all be considered as locations if the right prospect came along.

Three further wells are currently being drilled at Zhengeldy, and these will attempt to tap deeper sections of the reservoir than previously. Completion is expected during the first half of this year, and during second half more drilling will take place and appraise other parts of the reservoir, part of which is overlain by a salt lake that must be circumvented for access to the reserves beneath.

Output from Zhengeldy has so far been sold at the wellhead for domestic consumption, fetching only around $16 per barrel. To remedy this and take advantage of Zhengeldys potentially high quality oil Caspian is currently constructing a $300,000 processing facility that will remove the oils high salt content by heating it to around 60 deg Celsius and allow higher priced export sales to begin. Aside from the excessive salt, oil from Zhengeldy is low in sulphur and averages an API of 28.77 deg.

Masterman says that Caspian enjoys generally good relations with the Kazakh authorities, and has a strong local Kazakh management team. Much of the requisite equipment for the development of Zhengeldy has been sourced locally on a second hand basis to keep costs down. The government royalty on early stage production for Zhengeldy stands at 1%, though this will rise to 5% once full production levels are reached, while corporation tax is taken at a rate of 30%.

Caspians share price more than doubled during January of this year on the back of positive updates from Zhengeldy, and has remained close to this level since, despite falling back slightly this month. But with at least one acquisition already in the works and a continued work programme at Zhengeldy that will build on the success already attained the companys future as a producer in its chosen region seems relatively assured."

wilbs,
How you doing?, i`ve had to sell all my stocks for the time being due to circumstances, but i am keping a very close eye on my stockwatch list. I sold CSH for a good profit a while back, but i must admit i`m intrigued to see how far it will dip, as i do really have a lot of faith in them, purely from the fact that their drilling is low cost and low risk.
I hope to start buying again in a couple of months, so from a purely selfish point i hope the dip continues for a while!, seriously though i do believe that CSH is a more longer term prospect. I also think that COIL will come good as will ZRB, another one i have kept an eye on from the start is BRP, it dipped after the float and then in the last week or so has rocketed.

By the way, when i went to see the Tractor Boys the other week they lost 0- 1 to QPR !, it was a good day out though, very good atmosphere and friendly.
regards,
Dexter

Dexter RNS due this month, could be tomorrow? Don't think you will get them
at this price again. Confirmation of flow rates, which is believed to produce
upto 2000 bopd with 3 more wells in the pipeline.Couple this with a new
processing plant to inprove oil quality, will shortly be earning in the region
of $100000/day.
If the proposed acquisition takes place it will increase oil reserves to 26million bls proven.
cyril

Hi dexter,
Im ok thanks, doing too msny hours at work at the moment so not had a chance to post.
Sorry to hear that you have had to sell your stocks. Hope whatever it is gets sorted and you get back in soon enough. I agree with niceonecyril though, once we get the results I dont think you will be able to buy at this price again. I see coil is doing pretty well, big spread though!! I sold all my stanelco and made a nice healthy proffit. Bought into GAS, gonna hols and see what develops there. It looks like the tractor boys are loosing it a bit. Will we see the local derby next season in the 1st division or whatever they are calling it now??
Take it easy dexter,
wilbs

Caspian Holdings plc
22 March 2005


22 March 2005

CASPIAN HOLDINGS PLC

Commercial Oil Discovered in Well 115

Further to the announcement on 21 January 2005, Caspian Holdings Plc (AIM: CSH),
the oil and gas exploration and development company which focuses on Kazakhstan
and the Caspian sea, has successfully drilled Well 115 the 6th well.

Well logs showed oil in the Triassic at 634-625 metres and in the Neocomian at
90-84 metres.

Well 115

Depth 680 metres
Completed March 05
Oil pay 15 meters
2 Levels: 634-625 m, 90-84 m

First layer test at the Triassic level showed low flow rates and this level has
been shutin pending further testing and investigations. The Necomian level from
90-84 meters will be perforated and oil production is expected to commence this
week.

In addition to Well 115, spontaneous eruptive production commenced from an old
Zhengeldy well - Well 13 - without any drilling or other stimulation. A pump has
been installed and well performance is to be tested.

Caspian currently has 6 wells in production - 113, 114, 112, 111 in the
Jurassic, 115 in the Necomian, and the old Well 13. Initial production has been
highest in the last 2 wells to be drilled in the Jurassic - Well 111 and Well
112 - with Well 115 expected to come on stream in the coming month. Production
has increased rapidly in recent months but remains highly constrained by
bottlenecks caused by the extreme weather conditions in the region. Caspian has
commenced drilling well 116 targeted at both Jurassic and Triassic reserves.

Michael Masterman, Executive Chairman commented: 'The addition of Well 115 means
that we will now have 6 Wells in production despite adverse weather conditions.
Success at 115 and the spontaneous eruption of well 13, an old Zhengeldy Well
makes us positive about the future production of these wells and the potential
of increasing production levels.'
- Ends -

Looks like we are gonna finally see the rise that this stock deserves. Any guesses as to where we will end up?
Next stop, results in april.

wilbs

UP 20%!!!

There's just sooo many of these oil companies that have come to market lately (and mining cos. too) that it's becoming difficult to sort the wheat from the chaff. They all seem to follow the same pattern too; big jump first day of dealings which gets people sucked in. Then a slow fall back, followed by another spurt on the rumour of news and then another fallback.

It seems that the sensible thing is to wait it out until all of the froth has blown away and something of substance appears to remain. You just have to look at the charts of most of these cos. to see a familiar pattern emerging. In fact the whole IPO scene at the mo is getting a bit silly all round. It's starting to feel like it did at the height of the dotcom frenzy. Thankfully the only pig-in-the-poke I've got sucked into that hasn't yet shown a profit is BPD. But it's so easy for the inexperienced punter to get caught up in the excitement of early dealings in these cos.

Sorry about that rant guys as I haven't posted on MoneyAM for a while. Still licking my wounds from PET, PCI, PRE!!

What relationship, if any, is there between CSH and CEK? Cos the CEK chart is starting to look as if it may be about to get a second wind, the froth hopefully having been blown away by now......

The difference between CSH and the others is that CSH are producing top quality comercial oil. Look at all the other minnows, most of them havent produced a drop yet. PET,PCI,PRE.FOGL, The list goes on. The current sp of CSH does not reflect against the company. FOGL & PET havent pumped a drop yet their SP is higher than CSH, its all hype and spec on poss contracts or finds.
CSH is a sure fire winner.
All IMO of course.
wilbs

Beasties wilbs is right, no froth here, "6 out of 7 wells sucessful" top quality
oil. Look at the referance to well 13, this really is a gift horse.
Previous post i stated last chance to get under 50p, just topped up at 52p
and this is cheap. So much more to come, processing facility and acquiistion
which will double reserves.
Don't know of any other stock with such upside.
cyril
ps i also lost out on pci pre & pet, lesson learned, no hot air here just oil(good quality at that)

wilbs,
good luck with these, it looks like the sp will finally reflect the potential, just wish i had the funds , but never mind!
dexter

thanks dexter,
Im thinking of selling 70% of my other stocks and putting it all in CSH.
When will you be back on board dexter?

niceonecyril!!! You name says it all.
wilbs

wilbs,
I hope so, i`m hoping they won`t jump too much!. I`m keeping aclose eye on ZRB, they could announce a uranium deal anytime, and after what happened with RTM last week, I think % wise they could follow quite easily.
Dexter

dexter,
It will be good to see you back. I bought into EUM last week, got good potential. I sold seo apart from 10,000 shares, took a good proffit.
Off to work now,
wilbs

Fair comments guys. I wasn't having a go at CSH as such, just the IPO resource sector in general, as it's easy to get sucked in.

I'm in CSH at 30p so I'm not complaining.

What a lovely blue day for CSH.
Results and news round the corner???????
wilbs

Big talk on the other side about the field expectations being 30 times larger than expected and that a RNS saying this will be out on Monday 25th.
Makes interesting reading and no doubt the Ad*f* lot are steaming into this one.
Don't trust everything you read on that site - but there is no smoke without fire -somethings leaked and the buyers have steamed in 24% rise and the talk is more to come over the nexy few days. DYOR and only buy them if they are right for you.