RE: ClifDreaming Hmmm. I've invested in Kaz plays for nearly a decade. I've seen the same type of starry-eyed wishful thinking commentary many a time - and in the end, seen most investors wishing they never heard of Kaz and its corrupt government/legal system and fickle geology. From PetroKaz, to Big Sky, to Transmeridian, to Nelson Resources etc, etc etc etc.
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CPI will likely be no different. Just a matter of time before people get a rude awakening to the scams that are pulled - Go look at the financials - produced 250 boed in Kaz in Q3 - and generated a whopping $1MM in revenues - $44 boed - and they spent $12MM in capex to test an additional ~500 boed (what rates - and when - they will be put on production is a discussion for another day).
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Rarely-mentioned things such as Kaz requirement that all production to be sold in-country at highly discounted prices until a difficult-to-obtain export license is granted (which usually takes years) kills profitability - often to the point that Chinese natoilcos or connected Russian oilcos step in and buy them for a song after years of frustration. Happens time and again in Kaz...
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But hey, I don't have a clue...