Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Oh dear Irene ' trying to suppress informed comment from other posters is NEVER a good thing ' - ROFLMAO - from someone who's no stranger to the filter button !
LexLucre/ LLL - Scanned yesterdays posts and noticed you both had emergency Pampers deliveries seemingly in reaction to the latest Saffron drilling rns!
If, as non shareholders, the absence of recent production information is such a worry for you I'm surprised as long term trolls you didn't consult the Trinidad MEEI government production statistics. As you know CERP contributes more than 75% of the IPSC section so it can be seen that production is pretty stable.
As LLL knows very well LK decided to limit CapEx on Goudron pending a new contract which we are told, in rns, is likely soon. That production at Goudron appears to have been maintained without new drilling suggests pilot water flood is likely to be helping pressure at the field which augurs well for the future don't you think?
The production levels and prices suggest to me that when accounts are issued there will be heavy losses shown and I find myself agreeing with Irene that they will be backward looking because the real story, which LLL even appears on board with now, is development at SWP. CERP have plenty of cash at the bank but outgoings will continue to exceed income for some while into the future and I wouldn't be surprised if further capital was raised to fund development over the next 12 months in many areas, for example I'm expecting new Goudron contract will include MWO!
Hope this helps, and just in case you're wondering if I'm bothered about any extra shares being issued as a result of Predator exercising the TI option for over $4 million let me put your mind at rest - I'm not - and I'm surprised if you think ANY SHAREHOLDERS are !
An exciting few months ahead imho :)
Thought I'd change that ridiculous heading don't reply to it.
This new heading is where it is going.
The Middle Cruse is a big expansion, 60 wells, the water cut will be dealt with.
News this month :-
Suriname- stoiip update
MC- Field Development plan to be issued for Ministerial Approval
MC- Zones 3 & 4 test results
Goudron- renegotiation. new Field Plans
I would ignore LLL's posts always negative he has a real beef with this company and will never change. Always change negative headings.
If there was a rights issue tomorrow I'd jump at the chance