Member Info for Bamps21

So long as you have something positive to say, you carry on, any subject just positives

Hi Ben
That's sounding more and more like a stitch up of shareholders, surely the FCA should get involved now
ATB:))

I found out where Ross has come from!
I had to suffer "Strictly dancing" last night he's Craig Revel what's it. B.....y annoying.
I'm sure he was sat next to Krappe. Who could be the other 2 my guess it's Lex from the Dark side and fishy.
:))

Imagine Rory Bremner talking as Boris
"Well I've given you 2 borders instead of 1, you didn't see that coming did you and has to be ratified every 4 years. by a parliament that hasn't sat for 3 years. Now that's my type of parliament "
:))

Hi Wigan
Could we be listing on Wall St

ATB:))

Hi Tom
I personally hope they don't get taken over, not sure how it would effect our pensions, can't see us making anything out of it. With 3bn shares in issue double the share price would make this around £10bn to buy.
Tongue in cheek we could be buying back the American assets we sold :))

I'm sat on my Ggp shares waiting, my interests at the immediate future are with the 2 drills of Ukog and Cerp, nervously waiting , a lot of money on both but nowhere near your investment in Ggp
ATB:))

That's what happened to my port stocks, all 6 went :))
Don't tell Tom he sold some the other day

I see on the timeline chart the Swp follow on wells are to start in Q1.
I know there are missed resovoirs in Icacos to go for but I do hope they concentrate their efforts in Bonasse and not get too spread out, which will mean more infrastructure.
Bonasse is $50 net revenue to Cerp per barrel whereas Icacos is only $40.
Goudron is only $30 but the Api is high 35+ so therefore should command a premium

With Saffron drilling complete before Christmas and tankers flowing to a collection station the amount of cash required to get Saffron on stream will be diminished. The infrastructure required will be done progressively when the monies there, before that time Saffron, Clove(possibly),Inniss & Suriname will be producing
Funding to progress faster growth looks like it will be needed though, I'm still hoping for an Open Offer
ATB:))

One of the funding options is the farm out of south Erin. Crisis what crisis!

All Aim companies are relying on funding to expand that is why they are on Aim, it is an easy place to obtain funds.
The mix of options for funding have been stated on the Presentation.
My preference would be for an Open Offer but this does have cost implications
It doesn't look like a critical need for cash but bring progress forward
ATB:))

Looks like they are not going to be rushed and steady as she goes.
Saffron before Xmas and coming on stream Q2 and $2.9m capex on infrastructure from a mix of options to fund it
Clove is optional (probably waiting on Saffron results) P50 reserves increased to 1.7m
Suriname to start Jan/Feb EWT
Swp follow on targets all year
South Erin Q4 - farmout ????

Just one more point 30 odd p share price estimate:))))))))))))))

Hi Nige
Well at least I got the heading right :))
The B word heading brings that Slean and his followers here.
All still looks like a right mess to me and the final break up of the UK looks inevitable.
I like seeing your valuations except the 1.40 one
The loss I made by getting out of PSN I've recovered that and more with Tw and Britvic so well happy. Did like the divis though. For a share that high you need steady growth, well I do, it will never do a Croda far and away my best share from the low £1 to £47
ATB:))

I was in the Mug house, Worcester last night and this young chap was in there and if you told him your birth date he could tell you what day of the week it was. Fascinating. He could also recite Pi to 100 descimal places. Unbelievable.
Then my mate says what's he been drinking I said Bank's bitter :))

Thought I would change the thread before that nutter comes back :))

Hi Nige
You making me want to sell up tomorrow, bound to go down in the morning:))

Wasn't the original plan for HH-1 to test KL-2 layer before being put on production or has that changed

Hi grq
Sounds a lot like me too.
Wasn't as bad as my Tw shares in 2007 went from £120k down to £1k
I jumped out of the window in despair when I landed I realised I live in a bungalow :)))
All you can do is keep smiling I've regained everything in Tw and expecting Cerp to do the same soon

ATB:))

Even on my prediction of 200+ bopd gives us 200x365x$50 =$3.65m per year that would be a great start to drill other Cloves.
Let's hope this drill starts soon
ATB:))

Hi Nige
You seem comfortable with your plans and keep busy with your system. Keep at it.
My divi stocks are my investment and I don't normally swap them about even when they go down, cos they're spread thinly some go up cancelling the others loss, keeping the total roughly stable.
My growth stocks are my hobby, the research, the buzz when one goes right. Last 2 years it's been Ggp, at the moment it's Ukog, next year Cerp ( and maybe Tw). I'm forever hopeful:))

ATB:))