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

See csh article on www.oilbarrel.com dated 11/07/2005.

See csh article on www.oilbarrel.com dated 11/07/2005.

Surely 50 odd barrels a day does not warrant 2 & 1/2 p on the sp today? (106 goes into production)

Bloody rubbish.

Whats is going on with this Company?

wilbs???????

http://www.moneyam.com/action/news/showArticle?id=913786

From oilbarrel.com yesterday


29.08.2005
Caspian Holdings Confirms Successful Oil Production From The Triassic On Its Licence In Kazakhstan
It may only be 50 barrels a day but it is an important 50 barrels. As we keep on saying at oilbarrel.com everything is relevant in the oil business and what is significant for BP is not germane to what a minnow does. Caspian Holdings has reported that Well 106 on its Zhengeldy licence in Kazakhstan has started commercial production from the Triassic level; oil in Well 106 is currently flowing at a rate of 32 barrels per day on a small choke valve. Based on technical work of Schlumberger Caspian Region, Caspian Holdings expect the flow rate to increase to approximately 50 barrels a day during the September quarter. This, in its way, is a fundamental step forward for Caspian.

Caspian joined Londons Alternative Investment market (AIM) in November 2004, raising 4.43 million. Over the first year of its operatorship of the Zhengeldy licence Caspian gained 100 per cent of the licence - where there has been known output of oil - in March 2005 when it acquired the final 30 per cent of the former owner Taraz LLP. The focus has been on bringing on production from the Jurassic and Triassic reserves, with relatively modest amounts from lots of wells. In the first half of 2005 output has been from the shallower Jurassic and Neocomian in the north of the licence. The field has been producing between 130 and 150 barrels of oil per day from five wells: Wells 113, 114, 112 and 111 produce from the Jurassic zone and Well 107 from the Neocomian.

This was considered good as far as it went but meant the group was a little behind with its goal of producing 1,000 barrels of oil a day by end 2005. Chief executive Michael Masterman has always thought that the Triassic could give a big boost to reserves and output. By June 2005 results from the Triassic had been mixed. An old well, Well 5, was reactivated in June 2004 but later had to be shut down due to water influx from the higher levels due to poor cementation. Well 123 was dry, while Well 155 encountered 15 metres of oil pay but didnt perform as expected.

However, the bulk of the Triassic reserves lie beneath a salt lake to the west of the main Zhengeldy field. Bad weather meant the company could not have a crack at them until June this year.

When it did, Well 106 found the Triassic zone from 713 metres to 717.5 metres had a net pay of 4.5 metres and a porosity of 21 per cent. The Neocomian from 237 metres had a net pay of 8 metres and a porosity of 33.5 per cent. This is a previously unidentified zone, which the company anticipates will be a strong producer based on their high oil saturation and good porosities shown in the well logs.

The Jurassic zone form 285 metres to 405 metres covers a gross pay of 20 metres. Initial log evaluation indicates low oil saturation and the company does not expect Jurassic production from this level. It does say, however, the massive size of the Jurassic level opens up significant exploration opportunities.

After testing, production is now flowing from Well 106 from the Triassic level. The point here is that Well 106 is the first well in which the company has employed a technologically enhanced approach to logging cementation and perforation and this has yielded results and insights into the reservoir structure. The main Triassic reserves are held in carbonates rather than sands - previous wells had been classified as too tight when in fact it now appears good flow rates can be achieved from this carbonate.

Accordingly, in partnership with Schlumberger Caspian Region, the company will be re-cementing and logging five previously drilled wells. This is on track for completion by the end of September. Mr Masterman appears to be getting the boost to overall production he anticipated from the Triassic level, and he has achieved scope for identifying additional production levels.

Okay it's the end of Sept ..... No it's early Oct ..... anymore yields likely anyone? any predictions?

Be patient, there is plenty of oil in the Caspian area, the sp will reflect this by the end of the year. Most of the stock is held by directors/institutions and they are not selling, when news comes these shares move fast.

Any one has any idea why this share has started to move up again?

Caspian is falling like a brick...no sign of recovery yet

bsp on the rise

Going up well today on RNS, but even more to come later this month when expected new contract awarded

Just seen this on another bb, i think it`s a sensible post.
Dexter
++++++++++++++++++++++++++++
And if people need a reality check they should ponder on this........out of every drilling in the North sea, only one in five struck oil. In poorer regions, it works out as 1 in 15.

In this context, csh is high in the speculation stakes, but because it has found oil and is drilling in an area that was the second highest producer in the world it could be very profitable. Further more BP, USA companies & the Russians are all drilling like mad in the area.(No smoke without fire..etc.)

Therefore, any whiff of more oil is going to send the csh sp sky high. Derampers can have their fun.......but will get seriously burnt from time to time. IMHO buy on the dips and sell on the highs. Worth holding. DYOR.
+++++++++++++++++++++++++

It certainly was worth holding to Dexter!

Keeps on getting better, producing more bpd each month, with increased production update stated in RNS to be released during May.

Here's Friday's RNS in full:

Caspian Holdings plc - Drilling Report
RNS Number:4636C
Caspian Holdings plc
04 May 2006

4 May 2006

Caspian Holdings Plc

('Caspian' or 'the Company')


Salt Lake Drilling Results Delivers largest flow rate to date


Caspian Holdings (AIM: CSH), the oil and gas exploration and production Company
focused on shallow fields in Kazakhstan, announces that drilling results for
well 103 on the dry Zhengeldy salt lake has produced very strong test flow
results.


Well 103 was drilled to a depth of 302 metres in 9 days.


Two oil bearing levels in well 103 have been identified from log interpretations

* 8 metres from 176 metres to 184 metres

* 6 metres from 256 metres to 262 metres


Perforation and testing of the deepest level has produced very strong results
with the well flowing at a continuous flow test rate of 120 barrels of oil per
day - by far the largest flow test rate on the field to date. During the test a
tested open flow rate of 230 barrels a day was achieved.


Well 103 will continue in production and during May we will determine the
optimal operating flow rate. An update on the overall results of the workover
program and the new wells drilled in 2006 will also be provided in May.


Commenting on the results from well 103, Executive Chairman Michael Masterman
said 'Tested flows from this well are nearly 4 times the levels achieved in our
previously best performing wells. The results give us a strong direction to
drive the next phase of drilling forward as well as the potential to
significantly step up production rates''This is our first well on the previously undrilled dry Zhengeldy salt lake
which covers approximately half our current licence area. It's a great
exploration and production result'

Other wells already in production are producing between them 120 bbl/day - not counting two that had been taken offline for production enhancement measures at the time of reporting (Feb 16th 2006).

So one could estimate a minimum of 250 bbl/day going forward.

The Exec Chairman's comments about Zhengeldy hint that more similar wells could be on the way in the future as 103 was the first to be drilled on the dry salt lake which covers more than half of the licence area.

And may be increased: >> On other matters, the Company continues to wait for Kazak Government approval on its Zhengeldy licence extension. << (From RNS "New Well Drilling Campaign Commences" 10th Feb 2006).

Any thoughts, anybody?

Due to release their new bpd production figures next week, should be double that last stated, the market will react accordingly

The Master, what would you say - 250 bbl/day, or even more?

According to press release of 4 November 2005, Caspian is targeting production of 450 - 510 bbl/day from 11 wells (lncluding the current 5-well drilling project).

It's interesting to see that they are going for multiple-level/multi-perforation to make the best of the fact that the oil is concealed within very thin, overlapping strata.

According to the article we can expect to see two more wells drilled on the dry salt lake site, which was so prolific in the case of well 103.