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There’s no other way to explain it :D https://youtu.be/B1HExE7wzTI
we can all agree on that (even if some on here don’t want to acknowledge that. Why, I will never understand. It can only be to be benefit of shareholders)
LGO-fan
He is not Neil Ritson but the way in which he presents information and what he is delivering vs. investor expectations is definitely in that ballpark. He certainly needs to be told. There is a hard core on here who will try to make a silk purse out of whatever sow’s ear he throws them but if he is going to get any traction with the wider market he will need, as you suggest, to start under promising and over delivering (or even just delivering).
Come on, Ross. Don't lose out by pushing it too far. You made a couple of points that are valid, but comparing LK to NR is ridiculous.
LK needs to be told by the bigs/ii to think twice b4 announcing targets, and then deliver them. LK used to apply that very same principle: under promise and over deliver. He missed targets - no need to repeat - far too often for my liking. And he has - and this is where I do agree with you - changed his narrative far too often. It has now lead to a situation whereby he announces one things during an RNS, and another the following one. A killer for investor confidence. I am sure he knows, I am confident he has been told. Just hope to see a difference from now on.
Garnhiem.
If you were the CEO you might have told a more consistent story over the last two years than Leo Koot, whose story really has kept changing. Stuff inevitably happens along the way but an awful lot of it seems to have happened to Leo Koot. It now looks as if CERP’s initial foray into the SWP will not be what people were expecting (and you do not need to be the CEO to work that out), but if all this is fine by you, good luck with it. Leo Koot reminds me more and more of Neil Ritson.
yes, my cryptic friend?
LGO-fan.....?
Ross...........?
can’t see it move significantly unless there is a clear, and detailed plan on SWP. If not, we will have a “wait and see period” which could last for a while, IMO. As you rightfully point out, Q3 isn’t that far and there is still little known about how we will get to a transformational year. And wanting transformation to happen is not the key to success, as some seem to think here. (Grilling people who are not delivering usually works a lot better)
Because it's costs are covered .......... (mates rates)
I see it 5-8p range, top of the SA M&A sentiment, double up ........!
All the best (Ever see 127 Hours..........? :()
Well Q3 aint that far away and where do you guys see the the share price on SWP drill?
ooooh.......!
we blue........ :)
Q the fireworks..............!
All the best (Rossannan is exactly the kind of weirdo who would shit in a cat's litter box just to prove a point...)
Dopinder......... you know I love you.......?
but is that Ross in the boot........?
All the best (no no no Mr Pool........ hmmm :)
that would be great. Let’s see if the company states the same next time they communicate about this. Could be good question to the team
Should we throw in a plan C? Just for $hits and giggles. :)
There is the possibility that plan-B is in fact plan-A. And plan-A is plan-B. ;-)
Your the CFO then............?
"Maximum effort" .............lol
All the best (Sucks finger, 'n skips away........"oh Francis" :)
Unfortunately I do not hold information to the SWP plan as per my previous posts.. plans should surface around Q3.. “Deepening or sidetracking one well in an existing field in search of one putative reservoir is hardly the same as drilling” It was a suggestion to a potential possibility :D FYI I’m not the CEO :)
Garnhiem.
It is not the same as what was previously planned though, is it? Deepening or sidetracking one well in an existing field in search of one putative reservoir is hardly the same as drilling, say, three stacked targets in a new field. It seems very clear that lack of cash has obliged Leo Koot to rein in his SWP ambitions for now, however you want to present this Plan B. As you know, this Plan B was already on his to do list - his substituting it for Plan A is simply making the best of a bad job.
Unfortunately Ross you’ve misunderstood my previous posts. Deepening a well, a sidetrack is an option and has the same ability to identify and prove a reservoir in the same was as a new well. If you read the information within the links you can see the potential depths required across the SWP for the company’s targeted Middle Cruse. Hope that helps.
Garnhiem.
All great in theory but CERP does not now seem to have the cash for the kind of relatively high impact SWP exploration that was originally envisaged for mid-2019 and, as you yourself have identified, Leo Koot now seems to be looking at a much less expensive (and therefore arguably much less exciting) Plan B. And he is not exactly being up front about it, the message only being accessible if you bother to read between the lines (which you did). A lot of folk are going to be pretty unhappy when they realise that 2019 is not going to be the Year of the SWP after all.
“Detailed technical work undertaken by EPI Group, independent geoscience specialists, on the SWP and follow-up drilling locations, the works largely complete with the final report due mid Q2 2019.“ “EPI are able to provide a bespoke geoscience consultancy solution to clients & partners worldwide. We focus on understanding the nature of the problem and developing targeted workflows to efficiently address our clients’ exploration and production challenges. Our multi-discipline team have deep technical expertise in the analysis of both conventional and continuous resource (unconventional) plays.” https://www.epigroup.com/services/geoscience/ “EPI’s experience, knowledge and rigorous approach to straightforward business has ensured an extremely loyal and constantly expanding client base. These include:” https://www.epigroup.com/clients/
*hasn’t
the money has got to come from somewhere, G to be successful in the SWP. We still have no detailed plan for this as you know. The only thing I can think off is that following latest rise in WTI, CERP increases production to build cash for the SWP exploration. Failing that it is the dreaded P-word, or more delays and the real excitement for SWP gets moved into 2020. In my mind this has always been the case, it’s just disappointing LK has come clean on this and insists to continuously over promise. Look at the sp, the grin ain’t working no more.
MrMagoo31
So are you going to share the research that gives you so much confidence in CERP?