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As much as should never fall in love with a stock you should also never hate one so much that you’re blind to the positives, there’s people in both camps on this board.
Blah blah blah ... the market says otherwise. Bilbo - you're an empty vessel making a lot of noise.
No ramping from me. Ever. Just accurate technical analysis since .045—as you know. Hence my initial investment is up 208%.
Then there’s Briggs, our resident troll, who laughed at the idea of the sp getting above .07, and us ever getting a farm in agreement. How’s that working out for you?
And yet, here he still is—midnight on the last day of the Easter holiday, and again first day back at work (so tragic 😂).
You know when a troll is on the ropes when they resort to mischaracterisations, and the “paid promotion” line (literally how companies communicate news). Real bottom of the barrel stuff.
CEG agreed an unheard of 60/40 farm in deal with global super major Chevron. CEG will receive $12.5M in a couple months upon completion. Uruguay “beyond delighted,” that CEG brought Chevron to the space. Chevron will pay for 80% of the first drill. Plenty of ways to raise capital if needed—not least utilising CEG’s 40%(!) retained in retest.
Do what you will with that info.
GLA DYOR
The problem is bilbo, that despite your constant ramping the SP is stuck in the doldrums. The market knows it's not a done deal with Chevron and whatever happens capital needs to be raised - that's evident from the ongoing paid promotions from the company. I'd quit while your ahead before you become the next CEG casualty.
As I have done since .045? ;) Twenty-past midnight on the boards of a share you allegedly have no faith nor interest in. Cor dear. A sorry sight indeed.
Ahahah the old low IQ line… oh bilbo do enlighten us with your towering intellect.. LOL
When approval is granted in a couple months, as you know. CEG will receive $12.5M upon completion. Beware low IQ trolls.
Jilted - if you bothered to watch the Crux video, which states it’s a paid for product, by CEG, you’d note CEO emphasises the high risk involved in investing in O&G Exploration shares.
I’m genuinely ignorant about why you decided to buy shares in CEG in the first place having regard to the risks involved, which were mentioned by many on these boards, including me, at many stages of the company’s development.
You may find whinging on here cathartic and I do note you seem to have less of an appetite for it post the transformational Chevron announcement - let’s hope that, perversely, the good news continues it’s healing for you!
More “paid for” promotions from the company… but why, I wonder, when all this money is coming from Chevron…. Beware the rampers
Thanks @Nas and @Luthee
Uruguay presenting at the BEOS 2024 https://www.linkedin.com/posts/activity-7179561699832709120-X_rW?utm_source=share&utm_medium=member_android
MadMax - heartless you say, about yourself - yes I agree and probably I could add cold, calculating and ruthless in your trading something like Goldfinger in the Bond movie - a formidable opponent for any trader of shares to lock horns with!
I am, however, a bit confused as to why you are spending time commenting on this particular share if you’re not attempting to influence whether readers buy or sell - after all you’ve told us you ' don’t pretend to care about other people who I don’t even know ’ !
Why elapse your time on here giving us your valuable opinion if there’s no benefit in it for you - at least Goldfinger was doing it for money power and influence!
I’m a very simple soul I just see CEG as a plc, owned by shareholders who pay BOD to run it. Shareholders have bought their shares of their own volition, presumably because they want the company to prosper so that their shares might rise in value - I can’t readily see anything wrong with that and I wish them good luck - why would anyone want them to fail unless that person had a financial interest in shares losing value!
There are people who do take these negative financial positions and then seek to infiltrate shareholders to sell out to being about a weaker SP - I call such people Trolls ( they can be lovable but most are inclined to be nasty! ).
I do make a distinction between Trolls and disgruntled current/ former shareholders- the latter are inclined to blame the company for their losses and find it cathartic to whinge and whine on here, Jilted being a prime example but I sense even he is getting close to the end of his mourning period for his losses and is losing some enthusiasm lately in the wake of the stellar Chevron deal!
As for yourself, to your credit, I accept you are careful not to tell people to buy or sell and I find that refreshing as I spend lots of time responding to 12bn on the other channel!
Thanks everyone. Some informative posts below.
I have some good contacts in this game and more than happy with the risk/reward potential here having done my own research.
People have a go about being so positive, but when you see something like that how can you not be - tempted to buy even more.
Hi GMS - Great info thanks vm.
GL
IK
Hi All - See attached link
Explains the correlation between our block and the CAN C100 Block being drilled sonn by EQUINOR. S&P artical directly mention OFF-1 when discussing Equinors prospects in relation to Namibia.
https://www.spglobal.com/commodityinsights/en/ci/research-analysis/why-is-a-discovery-in-namibia-good-for-uruguay-and-argentina.html
Interestking - informative post !
Madmax - Willec has plenty to excite himself about - what’s wrong with him being enthusiastic about his investment- plenty of posters here gagging to be negative.
I’m happy to wish shareholders good luck with their investment - it’s not a guarantee of success merely a showing of support- all shareholders here know they’re taking a high risk with this stock - if they don’t know that they should take professional advice. Are you prepared to join me in wishing them good luck?
Hi Kinsella
Saw this somewhere a few days ago - FYI:
"Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina.
The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled in the country in ultra-deep waters. The well is expected to reach about 2,500 m in depth and 106 cm in diameter at the sediment surface. Drilling work is estimated to take 55-65 days.
The Argerich project is operated by Equinor with 35% interest. Partners are YPF (35%) and Shell plc (30%)."
I understand that this is relatively near AREA Off -1 and in similar geological region so outcome could have some influence one way or another.
GL
IK
When you say “Imagine” willec, do you ever see any downside risks ever??
You need to revisit your understanding of resistance and support in your TA cause you are shocking at it, if you don’t know what your talkin about don’t deceive others into thinking you do!
Thanks. This is definitely an interesting opportunity. I picked up 2m shares over the last week.
Yes I think within the next month and when this spuds I can imagine we will move up pretty fast. We are so undervalued already and imagine when spuds begin we will see some lovely increases of our own.
Is anyone due to drill soon anywhere near our blocks?