We would love to hear your thoughts about our site and services, please take our survey 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.
Chesh,
He(AHTPP) never ran, he jumped, he got the golden parachute from BPC shareholders, and Potter got the leaky life-raft from CERP shareholders. Seemed fair at the time....and for them it was!! :-)
Also, please note The SWP is listed as open acreage to come up in the next onshore bid round...on the Ministry of Energy's web-site.
cheers,
LTID.......... do we know that the "purple tie" sold out.........?
yep he ran......... (and said he'd never do dat ! :) but has he sold............?
All the best (he knows the SWP potential ........ :()
I agree cperkins just where would Cerp have been now without kooties disastrous sell out.
Don't know why the focus is on the done and duster Bahamas, the company are currently production testing a well they just drilled with results due .
"We will provide a further update once we have an indication of production potential."
RNS Number : 6750G 28th July.
The Bahamas government, environmentalists, CEG and even oil majors know full well that there will never be another drill there again. The continued silence tells you everything you need to know, only those here with 6 figure losses still believe because they have no choice.
Oh I forgot to mention P1, the iconic drill by a minor in the Bahamas, that without its happening none of us would be here today. MHO, it was a dream of all for many years of fortunes to be had , and for many years kept the management in good standing. I like many took the bait, there where plenty on here giving advise on reality (Ross but one ) but I as those of you now had the rose tinted glasses on, the words of dead cert /fully funded still ring ringing now,what was to be worried about. It was still a gamble and 8th of Feb the story tail ended in a Duster. Without CERP assets and the carrot of a Major interested in the results of P1, BPC would of been over. Again none or just enough info from the management strung Investors along till now believing that a Major was interested, only news really given was by local tabloid, even today 6 months we have not even had conclusion from the BOD on the drill results, except the final bill is looming, Let’s be real, its over, a company that if had this apparent mega asset would not be letting it and the SP slowly fade into the past, as the new news of Saffron takes over it really gets mentioned by the BOD now . Please tell in the past any Major that has come along a given a company with a 14 mil MC a 100 million for the info of where to drill a well that has no oil. Again if out of the blue if I wake up one morning and a RNS is out stating BP has given CEG 100 mill and going 25-75% on future drilling in the Bahamas (on licences we don’t even own anymore ) I will sincerely be apologetic to all. Personal don’t think that will happen, and its all over the only memory of it shortly will be Simons continued Salary and Bonuses for a job well done.
I give up the beginning of July, approx 56 grand down (the negative side of MHO). My wife has 100,000 shares formally 1 mill before consolidation, 20 grand down (the positive hope she gets some money back and forgives me for telling her to invest)
MHO over the next 2 months (If S2 is less than 100 bopd lights out end of ) On confirmed news that S2 will deliver min 200 bopd there will be a automatic spike with new money and investors/Traders , this I believe within a day will have the SP 3p+ Great. We now have to take into account that most of the shares held at the moment are of LTH’s that are happy to either put away for later( 40%) or refuse to sell at a loss (60%) hence the stale movement over the last few weeks the bottom . Back to the SP, we are talking about a well that may produce 200 bopd (not a lot and maintaining that vol questionable) The value of S2 not the prize, but the gateway to bigger and better things maybe. As soon as the SP hits the 3p+ the wise, disgruntled and traders will begin to sell, slowing the spike . Come 3.5p a wall of millions of shares owned by LTH’s that will either want out due to having enough of the lies or selling for a small profit, at the same time the BOD will take opportunity on the rise to put out an RNS positively explaining the funding strategy for the next drills S3,4,5 etc. Let’s not forget we still have not made a £ at this point and every penny we borrow to develop the field will be paid back at a price, lets not forget CEG owe a lot of money for BPC yet . So in a nutshell unless you have a exit strategy , looking at a quick trade or are determined to close your eyes for the next year or so, give it a couple of months, when true outputs company wide are known, when finance has been sorted for development of future drills (dilution), the money owed to parties ( from BPC )settled, she then maybe viable ( you may pay a bit per share more, but not end up like most on here out of pocket.
I hope she does really well for not only for the wife (and our relationship) but for all the honest holders. A problem will will haunt this share for a long time to come that is the poor management to date (150 mil has been spent of shareholders money so far for nothing in return except their wages ), it will need to change the BOD or have a rinse of PI’s over the near future. Personally think a BO would be the best news ever, until then trade well, but as an investment you’ll need to be not only young ,but rich.
All the best to the Honest