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

dexter wilbs cheers for the info on this share, take a look at TMC something going on there, massive buying and well above the sp.....

watcher

The quality of the oil has obviously lifted the quaility of the price. Another blue day tomorrow (fingers crossed)

This was posted on the otherside:

Well, from what my man said, or rather inferred, a obviously he can't tell me 'insider' stuff, is that, firstly CSH are coming into HB next week, to speak to the HB analyst. I asked him whether he had bought any CSH, he said he couldn't due to insider trading rules.
But he would really like to if he was allowed. ;-)
He will be sending me the analyst's report when it's completed which he said would be 2-3 weeks. Obviously I'll distribute amost you good people once I get it.

Now, I don't know about you lot, but in my experience, a company only goes to see their broker after they have posted some good news, and to get them to re-rate their status. Which for CSH would be (I'd guess) Speculative buy, to Buy, or Strong Buy.
So in summary, news is just around the corner. ;-)

Hope he diddnt mind me posting it on here.

wilbs

i'm sure he wouldn't wilbs, all helps to spread the news after all. i've just bought some more on the back of this info and the fact i think news could well be on the way within the month.

News cant be far away thats for sure. Like it says above, CSH will want their status re-rated.With good news and a re-rating I wonder what sp we are looking at?
wilbs

Thought I better stick to csh on this thread and not seo.
Anyone got a clu whats going on here? The mm's are keeping the spread wide.
I guess its to encourage the sellers but not the buyers? Are they gathering stock for a good RNS round the corner?
Lets hope so.
wilbs

All is quiet here,
CSH are supposed to be visiting Hoodless Brennan today (their broker) as reported on the other side. Lets hope an RNS is soon.
wilbs

wilbs,
Are you around today?, have`nt seen you posting much lately. I managed to get tickets to see the Tractor boys v QPR on 26th Feb., that should please the father in law!
Dexter

Hi dexter,
Ive been keeping an eye on things but been decorating all week so not had much time. Have you been reading the CSH posts over the road? HB are supposed to be releasing a new note within 2 weeks. The SP seems to be stagment but a wide spread.

Tractor boys eh!! You are not changing over to the blues are you? They will be swapping places with the city next season.
wilbs

A chance to get in at a barguin price, the usual retractment before news.
I should think this coming week will be the last chance to buy at below
50p, once the news is released its north bound.

regards cyril

CSH delisting from the Berlin stock exchange brought a welcome boast to the share price,pushing up it back towards 50p buy. With news expected in the very near future a further rise is to be expected.

regards cyril

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