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The CPR should give us a good handle on the geology of the CERP assets.
Hopefully, we'll have news of this prior to P1 spudding.
Starchild
Again, I really would look very carefully at the ex-CERP assets, how capital hungry they are and how much capital they have consumed to date, before trying to take any of that to the bank.
How much is that ‘doggy’ in the window?
The one with the wiggly tail.
CERP will earn us lots of money
And a FREE drill in the Bahamas as well.
Bottom line: on the subject of Findme's poem, my little one above sums it up. When new investors, the markets and the investment press actually figure out that CERP assets alone could hit a market cap of £200m by end of 2021 the SP will increase leading to Spud quicker than it is now.
IMHO at sub 3-4p SP today, we are basically investing FREE money on the mega-Bahamas spud.
Refer to my justifications and analysis posts over the last few days. CERP is NOT a dog. But always DYOR.
Starchild
https://www.lse.co.uk/profiles/starchild/
Don’t Quit
When things go wrong, as they sometimes will,
When the road you’re trudging seems all uphill,
When the funds are low and the debts are high,
And you want to smile but you have to sigh,
When care is pressing you down a bit,
Rest, if you must, but don’t you quit.
Life is queer with its twists and turns,
As every one of us sometimes learns,
And many a failure turns about,
When he might have won had he stuck it out;
Don’t give up though the pace seems slow….
You may succeed with another blow.
Often the goal is nearer than,
It seems to a faint and faltering man,
Often the struggler has given up,
When he might have captured the victors cup,
And he learned too late when the night slipped down,
How close he was to the golden crown’
Success is failure turned inside out…
The silver tint of the clouds of doubt,
And you never can tell how close you ae,
It may be nearer when it seems so far,
So stick to the fight when you’re hardest hit…
Its when things seem worst that you must not quit.