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Started: BlackBat17, 20 Jun 2024 17:00
Last post: BlackBat17, 20 Jun 2024 17:00
Maybe an RNS on the way?
Started: JBT2007, 19 Jun 2024 11:58
Last post: JohnBriggs, 20 Jun 2024 08:04
LOL
JBT, this has happened quite often with CEG recently. Infuriating.
MMs like to muddy the water they are emphasising the sells but being coy on the buys.
I see the trade for 6.4m shares at 9:58am has been posted as an "unknown" on here and it was clearly a buy. Why do they do that?!
Started: in4cedros, 18 Jun 2024 20:58
Last post: in4cedros, 19 Jun 2024 17:51
GarryGraham - I can’t supply any more information than you’ve already had - everyone has to make their own mind up about the solidity or otherwise of the legals. You, perversely, appear to be doubter in chief but claim to have filled your boots with shares since the announcement.
You are in good company Robert Bose ( a quality speaker! ) has agreed to join the BOD and ploughed significant funds into CEG, through Charlestown, presumably after they did due diligence for the unsecured loan which was related to the Chevron farm out.
Good grief GG, you can't be this ignorant, it clearly isn't an MOU!
In4edros :
Please show me an RNS from Chevron or CEG confirming that the farm out is legally binding.
At best, it's a MOU.
GG
GarryGraham I’m posting below an extract from my Timid Troll of 25/03/2024.
` If his posts are genuine it’s difficult to understand why someone with that attitude is prepared to go another 10 rounds with the company on a new drill venture whilst pooping their pants at each stage.
Furthermore in such a scenario why highlight negatives if you are genuinely invested - by way of example I give you fairly recent post where instead of just saying the Chevron deal is not complete until everything is agreed, including Government approval he decided to speculate that Chevron had included last minute caveats in the deal. He may be correct but why introduce that little bit of extra speculation based on zero knowledge - I could easily speculate that Chevron have done so many deals historically they have a rigorous tick box list to complete and want to see all the evidence before they even release the news they’ve done a deal because pulling out at the last moment suggests they didn’t do proper due diligence in the first place which is not great for a Super Major! ‘
You have no more information than that which has been published - I’m speculating that they have a legal agreement with Chevron for the farm out that is subject to a number of conditions, a major one being Uruguayan Government approval - both Chevron and CEG have, independently, announced the agreement exists. I’ve never said the deal is unconditional but a conditional deal is valuable as it sets out the basis on which parties may withdraw.
It’s unlikely CEG would have agreed a condition such as ` we don’t feel like it now ‘ as we are told CEG had interest elsewhere for the block which was the reason they were able to agree such attractive terms with Chevron ( despite many trolls telling us it would never happen LOL! ).
GarryGraham you seem pretty clueless about conditional contracts why speculate nonsense?
John Briggs
"Need I remind you that Chevron isn't a done deal ".
ABSOLUTELY CORRECT, and until an RNS is released by both companies it remains a prospective agreement and nothing more. Chevron have not committed to anything legally with CEG. If the results come in from Argentina and it's looking like a bad play or they have second thoughts, they will be off, and that will be that. In4edros and Willec and all the other rampers are going on as if we have struck oil. All the balls are in the air at the moment and anything can happen. John Briggs provides one side of the argument which is fact and In4edros and Willec provide the company viewpoint as if nothing can possibly go wrong. We have a horse in the race but at the moment its still a massive outsider. GG.
Started: CoolMax, 17 Jun 2024 15:12
Last post: Luthee, 18 Jun 2024 17:32
Briggs - low IQ posters are those (like you) who post daily, about a share they don't have....🙂
JohnBriggs - you cut me to the quick with your comments on my moniker and for a nanosecond you had me thinking I shouldn’t post here anymore because of my apparent disability but then I realised it came from an increasingly frustrated troll who seems unable to cope with the cascade of positive news experienced by this company in 2024!
I treat your observation that I’m dangerous as a badge of honour!
As to your observation the SP speaks for itself I’d be interested to hear what it says to you - FWIW I’ll tell you what it says to me - plenty of existing shareholders sticking with the company, perhaps some with ` hubris ’ LOL, that are optimistic that the Government who decided to hand out licenses won’t be too shocked that the holders want to develop them and that involvement with a Super Major is probably the best case scenario.
Not everyone wants to wait it out, some choose to sell and buy elsewhere- that’s just the market - they back their judgment. Not sure about your judgment to troll here - I gave you the benefit of the doubt as you clearly needed a cathartic outlet for your disgruntlement following your poor investment decision and I’m happy to continue engaging with you if it helps - I do understand your difficulty with the positive news flow of late!
I'm confused by what you mean John...
No help needed fro te "trolls", in4cedros, the SP speaks for itself. It's a tale as old of time here at CEG - but why oh why can't everyone see the guaranteed money maker.
The very fact you handle is in4cedros suggests you're a bit of a cretin who never really learns their lesson and suffers from hubris.
Dangerous poster, along with low IQ Bilgobaggins, the CEG bulletin board court jester.
Sam - u the man!
Is that best trolls can offer?
Started: JohnBriggs, 12 Jun 2024 09:09
Last post: in4cedros, 15 Jun 2024 13:53
Zig - presumably you don’t envisage him being around for a long time as they have covered short term pretty competently with Charlestown and Chevron ( see 2024 RNS ).
Nothing from Willec until they need the next raise and he gets out his pom poms
Anything to say, willec?
Here we go - bilbo banging on about low-IQ trolls while his imaginary 300% profit has almost halved and the SP continues to fall - comedy gold.
LOL
Nice to see the board is still the low-IQ cesspit it was when I left it 😂 Share price up 220% since October. I’m personally up 170% having bought in at .045. This pullback is a mirror of the one in January… News imminent.
GLA DYOR
Started: bilbobagholder, 14 Jun 2024 11:46
Last post: harel, 14 Jun 2024 11:54
What news?
The approval of f.o?
Thats a given, might affect the sp for one day..
Added here before next leg up. News imminent.
GLA DYOR
Started: SamManbi, 11 Jun 2024 01:34
Last post: Interestking, 11 Jun 2024 06:40
Sam - Thanks vm - good snapshot and useful added link within the article about Challenger and Uruquay.
GL
IL
Started: Nas-k, 7 Jun 2024 14:33
Last post: farml1234yahooc, 10 Jun 2024 20:27
Guess that means anything YOU post
jmho
Thank you for that info.
Like most on here, I am so used to hearing negative news regarding anything BPC related, that I automatically jump to negative conclusions.
You are probably right that it's the four week change over.
Don't believe a word you read on these boards
Nas - Thanks vm.
Sam - Thanks vm for the input.
GL
IK
I think they've just finished a 4 week stint, they don't stay out for the whole thing.
Started: farml1234yahooc, 10 Jun 2024 19:23
Last post: farml1234yahooc, 10 Jun 2024 19:23
Did the election results in France effect the market today ?
jmho
Started: Arch-Stanton, 5 Jun 2024 13:55
Last post: Grolly617, 7 Jun 2024 23:14
It’s a total drop in the ocean be it a buy or a sell, 8 mil on a near 11bn float
How convenient that they mark it as Unknown, total manipulation
That 8.475m @ 10.15 today is a buy.
GLA LTHs
MM's are basically desperately trying as cheap as possible so lowering the price on any excuse as they know these price will not last much longer. 6 and 12 months from now this price will look extremely cheap.
0.1425p (or after 50:1 - 7.125p) will be heading 30p + before long when 3D gets going etc.
2 smallish sells is all I can see. Total of 4.5 mill shares and price drops 3% ?
Started: Arch-Stanton, 7 Jun 2024 08:04
Last post: Arch-Stanton, 7 Jun 2024 08:04
Challenger went up 40% on the US market yesterday. Equivalent close of .22 !
Started: Arch-Stanton, 6 Jun 2024 14:15
Last post: in4cedros, 6 Jun 2024 21:30
Arch - quite so - those videos can reveal useful information- thanks for sharing!
Grolly, from the latest interview, November was mentioned as the start of the weather window for the seismic survey to commence and I believe it was mentioned that the deal would be signed off in time for that so...Sept / Oct.
Eytan Uliel said in his interview it will be in the next couple of months, so hopefully by the beginning of September by the latest.
https://1lo.co/7c6K2
Don’t disagree with what you’re saying as such but why is it ‘clear’ that it won’t be done until sep/oct ? Thanks
I think there's a lot of small investors that assumed the Chevron deal was getting rubber stamped June / July coinciding with the Charlestown deal. It's clear Chevron won't be finalised until Sept/ Oct so a lot of those small investors will be gone until end of Q3. Unless there's something else going on I'm not aware of but I don't see any huge sells and certainly don't think Charlestown would have gone in blind with an 8% share.
Started: JBT2007, 5 Jun 2024 17:27
Last post: LTID, 6 Jun 2024 13:25
TGO
Don't forget Small investors will be fair game to eytan he won't consider us as his buddies
All very tragic but what investors need to remember is there’s intrinsic risk in these ventures, nothing is guaranteed and losses generally don’t come through any nefarious practices, things just don’t always work out. If you’re going to be bitter about your losses, AIM is not for you.
Guys, you should remember that a lot of people got burnt on the Bahamas mess and are very bitter about the mess created by the directors (Eytan and Simon), the Swiss bankers, the Bahamian government, the environmentalists and of course the crane operator who dropped a pipe down the well.
For example, if you look at the Facebook page, you will notice that a gentleman by the name of 'Andrew Grifiths' was extremely bullish about the Bahamas until the mess started, at which point he turned on the company and has been posting negative and bitter comments since then.
[I believe that his losses were in the region of £40,000].
It is interesting to note that Mr Giffiths is involved in the oil industry and lives in EGYPT.
The one big factor which I see as being different between Uruguay and the Bahamas is that Eytan and his buddies have a lot of skin in the game now, and IMHO it is inconceivable that Eytan will shaft his buddies.
Zag can you explain why you think that this is a "Ponzi scheme" and are you sure that you want to defame CEG and Chevron in this manner?
Started: Arch-Stanton, 3 Jun 2024 15:45
Last post: GarryGraham, 5 Jun 2024 11:03
In4cedros:
Your post of the 4th June was probably the best yet disregarding the little barb about trolls. You have made your point on this subject and you really dont need to labour any further on this subject.
I agree with eveything you added in this summary and its too the point. You state its a very risky share which it is but the rewards are very high for those prepared to invest. I think it certainly is a different league to The Bahamas.
Best of luck to you and everyone else invested here.
Unlike your mate Willec who thinks its a total given we are going to all become super rich and the oil has already been found this post adds realism.
GG
Can't understand why JohnBriggs is still here - 'Waste of Space'
Well said in4.
Have you just re-emerged from the LSE sin bin, Willec? Best stay out of trouble chap.
Zag - ' fully funded ’ is the term used before Bahamas drill but it was clear to me that this was a best case scenario with little contingency for any extra costs.
Reality was extra costs were incurred, including the last minute environmental challenge, which required a response, necessitating more capital, borrowed on what I call lender of last resort terms. This would all have been quickly forgotten if the drill had been successful but the failure gave plenty of excuses for shareholders to moan.
Quite frankly, imo, shareholders were fortunate to retain any value after that debacle and should rejoice at the current turn of events!
You should take the time to watch the CEO video where he explains the Chevron opportunity - because CEG have an exceptionally large retained interest they can, if they wish, sell some to fund a good chunk of the drill cost.
That’s an option which BOD will consider, at that time - in the meantime there are plentiful opportunities for SP growth based on multiple factors, including, in the near time, results of survey conducted by Chevron as well as excitement from Argentine drilling.
Time for the trolls to wake up to the fact this is not a Post Office Account it’s an Oil Exploration share - certainly one of the riskiest sectors in the stock market- not for widows and orphans!
Started: SamManbi, 3 Jun 2024 01:55
Last post: GarryGraham, 3 Jun 2024 09:01
Sam Manbi - Thanks for the head up. A really informative unbiased and without opinion post. Refreshing to see on this bulletin board
GG
Just a heads up that the results for Argerich-1 are due from 3 weeks today until July 7th.
Key Expectations
Argerich-1 is targeting a deepwater area called CAN-100, located around 300km offshore from Buenos Aires province in water depths of 1,527 meters.
It is being drilled by Equinor in partnership with YPF (35% interest) and Shell (30% interest).
Drilling is estimated to take 55-65 days and is expected to spud (begin) in April 2024.
The well results could open up a new deepwater exploration frontier in the North Argentine Basin if hydrocarbons are discovered.
Conversely, a dry well could dampen enthusiasm for further deepwater exploration in the area.
So in summary, the Argerich-1 well is a high-impact wildcat that could potentially unlock a new offshore oil and gas province for Argentina if successful, but carries significant risk given the frontier nature of the play.
https://www.linkedin.com/posts/welligence_argentina-exploration-alert-equinor-has-activity-7193433788129988609-YAp5
The Comments section has some interesting insights as well.
Started: farml1234yahooc, 30 May 2024 15:28
Last post: JohnBriggs, 31 May 2024 17:30
Welcome back, farml123yahooc
Picked up some shares today here in the USA
Thank you Arch
Consolidation? 50:1 when Uruguay rubber stamps the Chevron deal and the Charlestown loan converts to shares
All the best.
I see on the CEG news we having a R/S but can not find when or the ratio.
anyone have any idea when
Started: GarryGraham, 28 May 2024 14:58
Last post: in4cedros, 30 May 2024 16:02
As I’ve mentioned before it’s surely quite natural for a shareholder to be enthusiastic about his purchase whereas some might suggest it’s rather a disagreeable trait to troll a share because of historical losses.
Timid Trolling, sometimes categorised as Slippery Fish is off the scale ( haha! ) GG
GG
That post really made me LOL. You can’t fault Willec’s enthusiasm! This genuinely looks a really interesting play, a classic boom or bust. If it’s boom it’s going to be a significant multiple bagger. That’s the gamble and I’m here for it!
DYOR
The SP went to .28 (albeit briefly) when the Chevron deal was announced I see no reason for it not to surpass that and stay there ( or the equivalent consolidated figure ) once Uruguay rubber stamps the deal.
I topped up another 1.5m in the last couple of days. Looking forward to an increase in further news.
I don't think these prices are going to be around much longer.
Im beginning to sound a bit like Willec I better go back to being a "timid troll " !!!
GG
Started: scoredagainsteps, 29 May 2024 14:17
Last post: scoredagainsteps, 29 May 2024 14:17
IF CHEVRON INVEST so am i .NO share is 100 percent however it looks pretty good here . i take my chances if it is no good i am man enough to move on . All the best i fee there is a interest here in the buying of late
Started: Smallcapcatcher, 29 May 2024 08:33
Last post: Interestking, 29 May 2024 09:01
Remember, “few” emphasizes scarcity, while “a few” indicates that there’s at least some of what we’re talking about. It’s like looking at a proverbial glass of water: “few” points out that the glass is half empty, while “a few” acknowledges that there’s at least some water in the glass. So, whether you’re emphasizing scarcity or acknowledging a positive quantity, context matters! 😊
That's a useful post to start the day. You obviously know more than Shell, Chevron, APA and YPF. Why don't you send them your carefully thought out and detailed information, you've obviously spent countless hours pouring over all the geological info and seismic studies to come up with your groundbreaking theory.
Uruguay failed few times to find commercial discovery
Started: Arch-Stanton, 28 May 2024 20:22
Last post: in4cedros, 28 May 2024 23:47
Yawn, yawn - still more than 40% up from this regularly referenced ' Why on earth ’ quote - LOL!
' JohnBriggs
Posted in: CEG
Posts: 1,174
Price: 0.1075
No Opinion
RE: Deadlines
23 Feb 2024 10:37
Hahahaha, ah Luthee you really are the ultimate apologist. You fail to recognise that if a CEO comes out with a deadline such as fam out by Christmas and then that changes to oh now another 12 weeks, by end of Q1 2024 it makes them look naive and incompetent when these deadlines aren't met. All the while tie company is running on fumes.
Why on earth would anyone want to give their money to a company with no credibility and run by amateurs and most importantly who on earth would want to partner with them. The industry and market never forgets those who mislead and default. ‘
Anyone heard of Chevron LOL?
Yawn! Such excitement but SP still in the doldrums
CEG now has the cash to develop OFF 3 with a super major like they have with OFF 1. I believe Uruguay requires a ½ million $ deposit which it was stated some of the Charlestown money was earmarked for.
Last post: Nas-k, 28 May 2024 19:22
Https://www.chevron.com/-/media/chevron/stories/documents/1Q24-earnings-press-release.pdf Towards the bottom of page 2, ‘subject to customary conditions’
Started: scoredagainsteps, 28 May 2024 15:08
Last post: scoredagainsteps, 28 May 2024 15:08
Just feel on cheveron news we could double . I know every share is a risk however feel odds are good here . IF it takes 3 months or so no worries
Started: Whywastetime, 28 May 2024 07:21
Last post: JBT2007, 28 May 2024 10:56
Which part of the Chevron deal don't you understand JohnBriggs? They have effectively taken over the running of OFF1 including any future drill etc. It isn't complicated, try and keep up.
They could announce tomorrow it was a buyout from chevron at £5 a share and you’d still have something negative to say 🙄
Fully, fully, fully funded this time, eh....
And looking good!
Started: scoredagainsteps, 28 May 2024 09:48
Last post: scoredagainsteps, 28 May 2024 09:48
As i see a 1 bagger here for a trade patience needed
Started: Arch-Stanton, 27 May 2024 19:25
Last post: Arch-Stanton, 27 May 2024 19:25
He's been posting the exact same tripe on multiple boards today, just saw it on HE1. He can't even spell, probably A.I
Plenty of POTENTIAL here.