VOG 2005 New Thread

nos

tough luck mate. Made 100% on CSH. If you care to check you'll see I stated my opinions and doubts back in March/April 05 when CSH were less than forth coming on their flow rates and smoke and mirror. Go back and check. Can you give me the post on EEN for £10. The Russian deal did not take effect as planned but Syria has ? If things change for any company I won't and never have been afraid to state the obvious. As things stand, that's my own personal prediction for VOG. I did predict over £1 for VOG and likewise at 23p I said CSH would double. (They did) as did IEC TO OVER £2.50 when 35p

Re CSH - if you also look back i predicted that it could collapse as low as 7-8p.

Here's where I turned negative. -CSH and nearly hung up for heresy - look where the S/P subsequently went since.

Joe Bately - 29 Apr'05 - 11:04 - 1 of 291

Yesterday we had much ado about whether well 115 was producing.

We had those that preferred to ramp and push old news because it suited their particular plot.

Then we had those ( Only 3 by the way) who had the ability to read and disseminate the information in the most recent RNS correctly and determine that well 115 was not producing or had major problems.

Well as I have always found the truth will always come out.

But strangely to day after the Oil Barrel article again confirms that well 115 is not worth producing there is no comment from all of the in-house oil gurus who managed to get it so radically wrong yesterday.

No apologies.

No corrections.

Nobody man enough to say J.B. & ZENGAS were the only ones that managed to get it right.

Well now we know for sure who was misleading decent honest punters.

I post the information in the hope of some genuine comment in return.

J.B.


ZENGAS - 29 Apr'05 - 15:33 - 7 of 291 edit

This was the question i also posed yesterday about 2 wells disappearing from production after only 5 weeks and to which no one would answer other than to ask why i had turned negative. No one would answer or seemed to want to acknowledge anything about well number 13 also dissapearing from production 5 weeks later, including slating me about well no 115, where now it transpires truthfully that production from the necomian is 'not significant.'

RNS (0185k) 22nd March 2005
Caspian currently has 6 wells in production - 113, 114, 112, 111 in the
Jurassic, 115 in the Necomian, and the old Well 13.

RNS (5473L) 27th April 2005.
Total of 4 wells in production plus 1 under completion.
(113,114,111 & 112)

(The one under completion refers to well 116)

Today we finally got confirmation via Micheal Masterman to Oilbarrel that well 13 quote (oil barrel) - 'As if to compensate for this disappointment, an old well on the field - well 13 - spontaneously started to produce well. This is real Beverly Hillbillies stuff. Michael Masterman, CEO of Caspian Holdings, says: “It is unusual for a well to bubble oil like that and it’s great to get an oil flow without drilling.” However he says it is an old well which probably couldn’t sustain production for long. In any event, for environment reasons Caspian will not be pursuing well 13 further'.

Well 13 was happy to be quoted as a producer 5 weeks ago but now that she has stopped because there is no oil in it, management are prepared to dismiss it under the terms of an environmental issue. How they make that out whenever it was beside a new well drilled, i'll never know!
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