dexter01
- 26 Jan 2005 11:47
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
- 26 Jan 2005 12:05
- 2 of 178
hi dexter,
have you bought into csh? Think I will check them out. Bought into paf earlier.
wilbs
dexter01
- 26 Jan 2005 12:18
- 3 of 178
yes, at 37 and 39.
dexter
dexter01
- 26 Jan 2005 12:39
- 4 of 178
some info. to get you thinking.
Caspian Holdings Plc to float on AIM
http://www.caspianholdings.co.uk/
Hoodless Brennan broker note for Caspian (go to "Market Update", then "HB Latest Research"): https://www.hoodlessbrennan.com/index1.htm
Recommendation is Speculative Buy. Required reading for all Caspian holders!
OLD THREAD: http://www.advfn.com/cmn/fbb/thread.php3?id=7613053
Caspian Holdings Plc (Caspian or the Company), the shallow field oil and gas exploration and production company focused on Kazakhstan, announces floated in November 2004. Hoodless Brennan & Partners acted as broker and Grant Thornton Corporate Finance acted as nominated adviser for the Placing in which Caspian has raised just over 4m, at 23p giving the Company a market cap of approximately 18.9m.
NEWS 21st January 2005
Commercial Oil Discovered in first 3 post IPO Wells
Further to the announcement on 29 November 2004, Caspian Holdings Plc (AIM:
CSH), the oil and gas exploration and development company which focuses on
Kazakhstan and the Caspian sea, has successfully drilled and brought into
production the first three wells in a seven well programme.
Each of the new wells - 114, 112 and 111 and the previously drilled 113
discovered and confirmed commercial oil reserves in the Jurassic level. Key
results are set out below:
Well 113 (pre IPO)
* Depth 630 metres
* Completed Aug 04
* Oil pay 13 meters
* 3 Levels: 308-302 m, 347-344 m, 271-267 m
Well 114
* Depth 600 metres
* Completed Nov 04
* Oil pay 9 meters
* 2 Levels: 348-354 m, 271-274 m
Well 112
* Depth 400 metres
* Completed Dec 04
* Oil pay 16 meters
* 2 Levels: 229-233m, 299-311 m
Well 111
* Depth 400 metres
* Completed Jan 05
* Oil pay 13 meters
* 4 Levels: 211-212 m, 219-220 m, 225-233 m, 303-306 m
The four new wells have been perforated at the lower levels to generate initial
production volumes. Well 123 drilled in October 2004 on the flanks of the
structure, was not brought into production due to high shale content. Caspian
expects to significantly increase production rates as the shallower depths in
each of the wells are brought into production and the warmer weather in Spring
(currently up to 40 degrees below Celsius) allows construction of new flow lines
and field equipment.
SHARES IN ISSUE
Out of 83.84m shares.
2 Directors M Griel & M Masterman hold 23.5m.
John Kahlbetzer 7.35m
John Dieter Kahlbetzer 5.54m
Beronia Investments 7.40m
Lauri Macri 5.8m
Rab Capital ? 1.7%
Hoodless ? 1.77%
Gartmore Inst clients ? 1.97%
Arci Pty ltd 3.73m 4.45%
That equals about 57.5m shares held by directors and institutions plus 2m by the Consultants = 59m roughly so 24.5m amongst private investo
******************************
rns from this morning.....
Caspian Holdings plc
26 January 2005
26 January 2005
CASPIAN HOLDINGS PLC ('Caspian' or 'The Company')
Confirms high quality oil production at Zhengeldy and commences Export Facility
Construction
Caspian Holdings Plc (AIM:CSH), the oil and gas exploration and development
company which focuses on Kazakhstan and the Caspian sea has confirmed high
quality oil production from its Zhengeldy field. The company has also commenced
construction of its processing and export storage facility at the
'Makatmunaigas', a division of national oil and gas company KazMunaiGas at the
Eastern Makat 30km from Zhengeldy field.
The high quality of the oil reduces the processing costs as the oil has a low
API*, is low in sulphur with good viscosity and minimal impurities making it
suitable for export after low cost processing to reduce the salt content at the
new processing facility.
The construction of its own processing and export facility at the Makatmunaigas
site will incorporate a simple processing step to reduce the salt content to
ensure the oil meets export quality. The capital cost of the facility is
estimated at USD 300,000 and should be complete by the end of May 2005.
PHYSICAL-CHEMICAL CHARACTERISTIC OF OIL ZHENGELDY FIELD
No characteristics results
1 API oil quality data 28.77o
2 Asphaltenes content, % mass., GOST-11856 no
3 Sulphur content, % mass., GOST-1431 0,19
4 Paraffin content, % mass., GOST- 11851 0,16
5 Salt content, mg/l., GOST 21534 672,99
Michael Masterman, Executive Chairman of Caspian, commented: 'We are very
pleased with the quality of oil being produced. Its low API and sulphur levels
mean that it can command strong export prices. Construction of the storage
facility in the Eastern Makat will allow us to move from domestic to export
sales in the beginning of the third quarter 2005.'
- Ends -
Enquiries:
wilbs
- 26 Jan 2005 12:52
- 5 of 178
Cheers dexter. I sold all my pci and got in at 46p but think this is only the begining. Had to call my broker to buy.
wilbs
dexter01
- 26 Jan 2005 13:12
- 6 of 178
wilbs,
Do you use advfn ?, only there is a good and informative, for a change!, thread.People are saying anything up to 1 short term and up to 2 by year end. but as always DYOR.
Dexter
dexter01
- 26 Jan 2005 13:20
- 7 of 178
A bit more to read.
Caspian Holdings Plc (Caspian or the Company), the shallow field oil and gas exploration and production company focused on Kazakhstan, announces its intention to float on AIM in early November 2004. Hoodless Brennan & Partners plc is acting as broker and Grant Thornton Corporate Finance is acting as nominated adviser for the Placing in which Caspian has raised just over 4m, at 23p giving the Company a market cap of approximately 18.9m.
Caspian was incorporated in May 2003 for the purpose pursuing oil and gas developments around the Caspian Sea and most specifically Kazakhstan. Caspians entry was through the acquisition of Taraz LLP (Taraz), an operating company that owns the licences, leases and other assets that comprise the Zhengeldy oil field in Kazakhstan. Caspian currently holds 70% of Taraz and has entered into contracts to acquire the remaining 30%. The Zhengeldy field has reserves of 13.2m bbls: proved reserves of 9.8m bbls and probable reserves of 3.3m bbls.
The strategy of the Company is to focus on the shallow oil fields that offer the benefits of lower exploration and development costs, shorter lead times to production and higher returns on funds invested than are possible from deeper oil deposits. Caspian acquired its share in February 2004 and initial production began in September 2004. The Zhengeldy field is being developed to support full commercial operations and the Company expects to achieve over 1400 bbls/day from its five wells. A further ten wells are planned for 2005, which is expected to bring targeted production to 4300 bbls/day.
The Zhengeldy oil fields are located just 18km from Makat, the central gathering and oil treatment stations for the international transit pipeline. In the short term, oil will be trucked to Makat for initial processing and storage, before entry into the pipeline.
A proportion of the funds raised will be used to increase production at Zhengeldy and pursue other shallow field development in Kazakhstan and the area around the Caspian Sea.
Caspians management team has extensive experience of oil exploration and development, as well as project management and resource financing. Executive Chairman Michael Masterman is currently President of Northsun Italia SpA and was previously with Anaconda Nickel, as Executive Director, where he gained substantial experience in negotiation and capital raising. Dietmar Greil, Chief Operating Officer, has over 20 years experience in oilfield engineering and spent 15 years operating in the former USSR. He is a specialist reservoir engineer and has been head of reservoir management at both Statoil and Chevron. Mr Greil, through a private company Roscor International was one of the first entrants into the Soviet Union Oil and Gas industry in the early 1990s.
The Board is supported by two non-executive directors, UK-based Michael Garland brings 10 years experience in the oil and gas industries, with Star Energy and Tullow Oil and Malcolm James with over 15 years resource sector experience who is also non-executive director of Eureka Mining plc.
The Caspian team also benefits from having retained the services of the Taraz Chief Executive Officer, Igor Borissov, and the Taraz Technical Director, Bolat Akhmetov. They bring substantial experience of operating in Kazakhstan as well as drilling and exploration experience.
Michael Masterman, Executive Chairman of Caspian, comments, Our team has been delighted with the speed at which we have brought our initial wells into production and we firmly believe we have a development model that can bring similarly quick returns from other assets in the Zhengeldy field.
The Placing will provide us with the additional capital we require to press ahead with our strategy and the AIM listing will allow other investors to share in our already proven success.
Kazakhstan is rich in natural resources, including oil and gas. It is rapidly growing in stature as an oil-producing region, with significant reserves both on- and off-shore. The government is actively encouraging foreign investment with political and monetary reforms.
~ Ends ~
For further information, please contact:
Caspian Holdings Plc Hoodless Brennan Parkgreen Communications
Michael Masterman Bill Sharp Justine Howarth / Ana Ribeiro
T: +447791288381 T: +44 (0) 20 7510 8560 +44 (0)20 7493 3713
Caspian Holdings plc - Directors
Name Role
Michael George Masterman (Executive Chairman)
Dietmar Greil (Chief Operating Officer)
Michael Victor Garland (Non Executive Director)
Malcolm Raymond Scott James (Non Executive Director)
dexter01
- 26 Jan 2005 13:26
- 8 of 178
comdirect.
max BUY 25k
max SELL 150k
mm`s short of stock or what!!!!
dexter
wilbs
- 26 Jan 2005 13:41
- 9 of 178
Thanks for that dexter. I use ADVFN when I need a laugh but the csh thread is informative and no slagging off of other posters. CSH seem to have a good strong board behind them with years of experience in good companies. Im gonna have a scout round the net and see if I can drag anything up.
Cheers for starting up the thread, glad I got in.
wilbs
wilbs
- 26 Jan 2005 14:04
- 10 of 178
Just topped up. 0% spread now. MM short of stock. This is gonna be good!!!
wilbs
dexter01
- 26 Jan 2005 14:05
- 11 of 178
this is`nt norfolk and good,... it`s just good!!!!!!!
wilbs
- 26 Jan 2005 14:10
- 12 of 178
You are right there dexter. If it goes to 1 then its gonna be fantastic but not gonna get carried awawy like I did pet. By the way, Diss beat Kings lynn reserves on saturday, they must be crap for diss to beat them!!
wilbs
dexter01
- 26 Jan 2005 14:11
- 13 of 178
is that beet as in sugar BEET ?
ateeq180
- 26 Jan 2005 16:11
- 14 of 178
STRONG BUYING GOING ON.WHERE WILL IT FINISH?ANY GUESS.
wilbs
- 26 Jan 2005 16:15
- 15 of 178
dexter,
Oh arrrrr. Sugar beet in diss,norfolk and good.
ateeq180,
I dont know where it will finish up but one things for sure and thats that I will finish up in the pub!!
wilbs
ateeq180
- 26 Jan 2005 17:16
- 16 of 178
There is another day tomorrow which might be as good as today,lets keep our fingers crossed for another positive day,along with circle oil.
BANKONE
- 26 Jan 2005 18:28
- 17 of 178
Is there a shortage of these shares - wanted 50k, was limited to 10k and one trade in the day. Why?? Are the mms expecting a 'GUSHER' here -- maybe that 1pound quoted earlier is not too distant a dream. Try for the other 40k tomorrow.
dexter01
- 27 Jan 2005 07:18
- 18 of 178
bankone,
out of aprox 83m shares in issue, only aprox 23m held by private investors.
dexter
wilbs
- 27 Jan 2005 07:31
- 19 of 178
Bankone,
I had to buy twice yesterday with hoodless brennan and had to call to buy. There was some mm buying yesterday. They want the stock badly and will try everything in the book to get them. Today will be interesting imho.
wilbs
wilbs
- 27 Jan 2005 07:40
- 20 of 178
csh in the press today
Production starts in Zhengeldy oil field
By OGJ editors
HOUSTON, Jan. 26 -- Caspian Holdings PLC reported it has started production from Jurassic pay in three wells in Kazakhstan's onshore Zhengeldy oil field.
The wells, Nos. 114, 112, and 111, are part of a seven-well drilling program. Caspian Holdings didn't disclose production rates.
Well 114, drilled to 600 m TD and completed last November, encountered 9 m of pay in two intervals: 348-354 m and 271-274 m.
Well 112, drilled to 400 m and completed in December, found 16 m of oil pay at 229-233 m and 299-311 m.
Well 111, also drilled to 400 m, found 13 m of oil pay at 211-212 m, 219-220 m, 225-233 m, and 303-306 m. It was completed this month.
An earlier well, No. 113 completed last August, was drilled to 630 m TD and encountered 13 m of oil pay at 308-302 m, 347-344 m, and 271-267 m. And Well 123, drilled last October on the flank of the structure, had high shale content and wasn't completed.
The four wells were perforated at the lower levels to generate initial production volumes. Caspian expects to increase production rates as shallower intervals are brought into production and warmer weather allows construction of new flow lines and field equipment.
Caspian Holdings plans to drill deeper Triassic sections of the reservoir. The next four wells are slated for completion by the end of March. The company's goal is to increase production to 4,300 b/d by yearend
http://ogj.pennnet.com/articles/article_display.cfm?Section=ONART&C=DriPr&ARTICLE_ID=220201&p=7
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http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1106787600&feed=oilbarrel_en
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The Times
January 27, 2005
Smaller stock to watch
Caspian Holdings, the AIM-listed oil and gas explorer floated at 23p in November, surged 12p to 47p on confirming high-quality oil production at its Zhengeldy field in Kazakhstan. Caspian said that the characteristics of the oil, which is low in gravity and sulphur content, with good viscosity and minimal impurities, made it suitable for export. It also announced the start of construction of an adjacent processing and storage facility.
wilbs
dexter01
- 27 Jan 2005 07:43
- 21 of 178
Morning wilbs,
I use comdirect and apart from a few times when the sp was all over the place i could have traded easily on line although quantities did vary.
Another good day today?
Dexter
just wish i had had the funds to deal evry time i did a dummy trade!!!