Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
LLL
Fair play, you got in first.
Lancygeo
That’s a bit out of date now. Back in the CERP days, the local rampers used to talk about that $4.2M as if they could take it to the bank. It’s not going to happen now - I wonder if PRD will even repeat their $1.75M offer. For good or for ill, your future now lies with P1, not the ex-CERP assets.
Could be worth more in bbls LLL.................. :()
given the CO2 they're pumpin in.......... !
All the best (I'll ask Irene to do the calcs............. :()
Lancygeo - I see you're hoping to fool the unresearched into believing that US$4.25m is still on the table as an option.
Inniss-Trinity - Expiry of right to purchase
In relation to BPC's Inniss-Trinity asset, in accordance with the Well Participation Agreement ("WPA") entered into in November 2017 with Predator Oil & Gas Holding Limited ("Predator") (and as subsequently varied by mutual agreement), by 30 September 2020 Predator was required to enter into a share purchase agreement ("SPA") under which Predator would acquire the corporate entity that holds 100% of the Inniss-Trinity asset, for a consideration of US$4.25 million. The Company advises that BPC and Predator have not entered into such an SPA by the agreed deadline, and accordingly, this aspect of the WPA has lapsed.
dpend - unfortunately you've touched a nerve for rossannan- any talk about ex- CERP assets is clearly ' torture ' for him !
He thought he knew better than Koot the CEO at CERP, plagued the BB with his obsession for close to a year - Koot made a monkey out of him and he can't get over it !
He obviously now thinks he knows better than the PRD BOD who recently offered $1.75 million for the TI field - quite a bit for a ' torturously slow sideshow sideshow within a torturously slow sideshow ' ( rossannan I would have put that in my book if you'd have made it catchy ! ) !
He fell out of love with TXP BOD and sold at around £0.18 - now they're over a £1 - his feet have more bullet holes than a Swiss Cheese!
Lastly he thinks BPC board were suckered into buying CERP by Koot - I'm thinking he's confused Koot with Kaa from Jungle Book !
https://www.lse.co.uk/rns/PRD/pilot-enhanced-oil-recovery-onshore-trinidad-zdejetdyz8zi7ib.html
Predator benefits from a Well Participation Agreement with FRAM Exploration Trinidad Ltd ("FRAM"), a wholly owned subsidiary of Columbus, whereby Predator will help plan and fund the Pilot CO2 EOR in return for 100% recovery of its project costs from Pilot CO2 EOR profits from oil sales, and thereafter 50% of all profits attributable to the Pilot CO2 EOR. As part of the agreement with FRAM, Predator has the right (until 30 September 2020) to acquire FRAM's interest (the "Interest") in the Inniss-Trinity field for US$4.2m.
dpend
It is a torturously slow sideshow - if you look back at older PRD RNSs you will, bearing in mind that this is Q4 2020, see the yawning gap between what was originally envisaged for this project and what has actually transpired. In fact it may be more accurate to describe this project as a torturously slow sideshow sideshow within a torturously slow sideshow. But none of this is going to stop folk on here trying to put lipstick on the ex-CERP assets. The important thing is for the BPC BoD to remain properly focused on P1 (given that P1 is the money shot, whether you are trading the pre-drill excitement or up for the high risk/high reward gamble of the drill result).
dpend - good to see formalities continuing to be progressed on this ground breaking CO2 injection project on Trinidad. PRD are bearing the costs in return for a share in the production and results so far have been encouraging for the asset belonging to CERP/BPC that PRD recently offered to buy for $1.75 million.
For trolls attempting to promulgate the notion that CERP assets are almost worthless these updates from PRD are an inconvenient reality check!
Dpend: thanks for bringing todays PRD RNS to our attention https://www.lse.co.uk/rns/PRD/operational-update-co2-eor-trinidad-zusf45pr0behl18.html
It is good for both PRD and FRAM (owned by BPC) . I will leave to our CERP asset experts on the potential of this announcement. I get the impression a lot will be announced very shortly about various ex-cerp assets, in one chunk, which is why we didn't get an RNS on this matter today.
Starchild
https://www.lse.co.uk/profiles/starchild/
Morning All, what does the Predator announcement (CO2 permissions I believe) this morning mean for BPC? can the CERP holders enlighten me please