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Bamps,
Ah - Sound Oil. That company was close to my investing heart.
When JP the Sp went quite astronomical and I made good money out of there.
I had many long standing debates over SOU as I applied a lot of my money, and time, with knowing that company within an inch of its life.
I had many frustrating debates with another informed chap called Zorns1967.
Anyway - enough of memory lane.
Limopeter,
If you're hoping for a 6 fold of this company Sp you may have to wait a long term but I wish you, and me, luck that it does occur.
GRQ.
get_rich_quick Glad to see your happy with 6.9% i be happy with 609%
LimoPete
Hi Grq
I think the days of big companies taking over smaller ones has gone but possible.
The biggest example of that was Sound everyone was expecting that and it didn't happen, the price plummeted but still sat on big assets, probably bigger than here.
Big companies will buy assets or wait till smaller companies can't maintain the license and pounce cheaply. They want smaller companies to take the risks and find the assets
I'm still trapped in Vog d...y Cameroon govt and Board not up to it
ATB:))
Bamps,
"The company knows....". I'm just not sure some of the regular folk on here do!
You may be right - Saffron may be too much for CERP as their pockets aren't deep enough to get the biggest financial return from Saffron with a few wells a year. How rare is it in AIM when oil giants take over small companies??
Peter,
Most of my predictions haven't always come to fruition.
My Nostradamus like ability is definitely fading.....
I wasn't offended GRQ
It is just most of the past prognoses on here have been wrong
I think it is just a wait and see, tinged with a lot of hope
Hi Grq
As I pointed out I was stirring it only because of that pointless poster.
I have pointed out before to get out 11.5m barrels in say 10 years will take more wells. The company knows this as the forecasts for capex spend will start rising rapidly.
This well is a springboard for the SWP, I can see a joint venture looming, it's too big for Cerp on its own.
The bigger Saffron is, the higher the price of a joint venture
ATB:))
Either way, we are up 6.9% so I'm more than happy.
Must run now. Good day.
Peter,
All I am strongly stressing is; I find it quite strange that some on here have said how this well is going to be a spring board for the Sp - just because we have hopefully tapped into the well and may produce a few hundred Bopd (based on people's guesses in the poll).
Recoverable assets are just that but, we have to 'recover' them, and if it takes years to extract oil through a straw then the company doesn't and hasn't (in my 20 years of investing) suddenly leap up to be a billion dollar company - as if all the oil was immediately recovered and a price tag placed on it.
And if folk think that, then I wonder how often they have been through this before, and if they haven't, that is where my "naive" comment came from - it's probably an unfair adjective.
One which I didn't mean to offend.
I'm just wondering who will be right, the "naive investors" or GRQ
Ps. Apologies about the countless spelling errors. I blame the early morning Guinness in Wetherspoons...
Sorry about the double tap....
Good morning, Bamps,
It's always deadly, and unrealistic, when we calculate the recoverable Bopd into financial terms.
Yes - I appreciate it provides a benchmark to a companies potential value but, when said company starts producing oil (at whatever fluctuating amounts) the company value (or share price) in my experience, ever spring boards to a much higher Sp.
As you know, if Saffron only produces a few hundred Bopd from their multi million recoverable well, then those financial figures just won't be "transformational" to the company, how many on here believe. I'm not sure if 'the' are rampers or just naive investors...
And please don't get me wrong - 200/300 Bopd will generate a few hundred thousand dollars a week - which the OPEX will eat up, before debts are paid and then staff costs.
All I'm saying is - as great of a start it is for Saffron to be producing, it's going to take many more wells if each one only has a return of a few hundred Bopd.
If it takes 50 years to extract a few hundred Bopd from a multi million boe well, then it will never make the company highly profitable.
VOG was a classic example (they were producing gas) but they had almost 0.5TCF but were only able to squeeze out the same equivalency in cubic feet as a few hundred Bopd. I understand they aren't performing well now due to costs and contracts.
The point to my diatribe is I like to be sensible as u less we are churning out 000's Bopd then the Sp is never going to be in double digits or high teens as the sandwich board wearers promote.
All in my humble.....
Have a great morning folks. And long may be the Sp keep trickling upwards.
Good morning, Bamps,
It's always deadly, and unrealistic, when we calculate the recoverable Bopd into financial terms.
Yes - I appreciate it provides a benchmark to a companies potential value but, when said company starts producing oil (at whatever fluctuating amounts) the company value (or share price) in my experience, ever spring boards to a much higher Sp.
As you know, if Saffron only produces a few hundred Bopd from their multi million recoverable well, then those financial figures just won't be "transformational" to the company, how many on here believe. I'm not sure if 'the' are rampers or just naive investors...
And please don't get me wrong - 200/300 Bopd will generate a few hundred thousand dollars a week - which the OPEX will eat up, before debts are paid and then staff costs.
All I'm saying is - as great of a start it is for Saffron to be producing, it's going to take many more wells if each one only has a return of a few hundred Bopd.
If it takes 50 years to extract a few hundred Bopd from a multi million boe well, then it will never make the company highly profitable.
VOG was a classic example (they were producing gas) but they had almost 0.5TCF but were only able to squeeze out the same equivalency in cubic feet as a few hundred Bopd. I understand they aren't performing well now due to costs and contracts.
The point to my diatribe is I like to be sensible as u less we are churning out 000's Bopd then the Sp is never going to be in double digits or high teens as the sandwich board wearers promote.
All in my humble.....
Have a great morning folks. And long may be the Sp keep trickling upwards.
Hi Chesh
Responding to your post
Saffron could be worth :-
11.5m recoverable barrels x $50 revenue to Cerp =$575,000,000 possible revenues
Innis Trinity could be worth :-
9m recoverable reserves x $30 =$270,000,000 divided in half with Prd =$135,000,000
$500,000,000 shouldn't that be $700,000,000 :)))))))))))
Just stirring it :)))
oop...........!
£500m..........!
All the best (peeps will accuse me of ramping :()
Do you believe that the BOD can deliver...........!
Saffron, CO2, Suriname, £500B Mcap............?
All the best (double figures here IMO ............!)
I have 300k shares, averaging 4.2p, have bought in at different levels, when the price was 5.5p, 4.7p, also 2.5p.
Oh yeh.........!
Don't ask the bubble blower........... :)
All the best (800lb Gorilla in the room, where does he sit.......? )
I haven't Chest but will check it out. many thanks
I didn't know CERP was ever at 74p!!
Appreciate that lucadoyle......... :)
now, there's a Fish here that's under water (thank the lord for that eh.......... :) and the water breathing parasite is rocking a 74p average.......... :(
So probs best not listen to the gill flapper.......... :)
All the best (other than that, let's watch Saffron fire work :()
Signed up to Sharesoc yet luca.............?
Still 1 Vs 3 here....... :()
All the best.
You are probably right Chesh! Wasn't thinking LOL!
I've only just got on board and first buy was 2.75p with 200k so quite happy. Lets see what happens!
all the best
Doyle
Rather rude to ask such a question........... IMO.......!
especially without putting up your own holdings/data/percentage portfolio..............!
All the best (in order, large, 'n significant , 'n more than happy........ GL........ :()
Just out of interest what are people's average in this share and how much of CERP in your portfolios