CASPIAN - 2005 Year of Growth - Serious Discussion Thread

500bpd should be achieved by end of March 06. I expect the reserves to be formally downgraded as its obvious the Triassic estimate is OTT.

I don't see CSH going bust - anyone who has done due diligence rather than peering into a teacup will know that on 500bpd CSH will achieve sustainable revenues. But to be a sustainable Company in the longer term it also needs greater acreage.

On the trading front MM's are helping to nullify action with their crazy spread. But I see no institutional selling nor new buying. Holders who havn't bailed yet - I still have 55,000 of these - may as well continue to hold. Yes, prospects have worsened but then so too has the sp so risk/reward has adjusted accordingly.