The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Me sitting on multiples of my initial investment calling mid term price movements (up and down) spectacularly accurately; our resident troll Briggs celebrating intraday fluctuations.
How’s the SP not getting above .06 working for you Briggs?
How’s CEG not reaching a farm in agreement working for you Briggs?
🫵😹
As predicted, SP headed to .13 and bounced straight back up. Gap filled on the daily chart. Primed for next leg up. GLA DYOR.
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
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.
When approval is granted in a couple months, as you know. CEG will receive $12.5M upon completion. Beware low IQ trolls.
Thanks @Nas and @Luthee
2/10 fud.
Two wells have been drilled in EP 145 in the 1980's, both encountered hydrocarbons but were not tested for hydrogen or helium which were not identified in the basin until the mid-2000's. Those wells which have tested for helium have demonstrated significant helium content at various structural levels.
As Greenvale notes in its ASX announcements, helium has a "Surging Price and Fast-Growing Market" and "The global helium market is forecast to grow from US$5 billion in 2023 to over US$8 billion by 2030 with a current price of USD 450/Mscf."
Greenvale also notes "Amadeus Basin has some of the highest concentrations of helium globally, as well as confirmed hydrogen accumulations."
Mosman has published a Prospective Resources estimate of 440 total gas including 26 bcf of helium and 26 bcf hydrogen.
Mosman has now committed to start acquisition of long lead items for seismic acquisition. This decision was made given the high confidence in the completion of the farmin agreement, and with GRV confirming these costs will be re-imbursed upon completion.
Upon Completion, Mosman will retain a 25% working interest in EP 145 and Greenvale will earn a 75% working interest in EP 145 by:
· Committing to pay AUD160,000 in cash within 5 days of Completion
· Paying for the EP 145 Permit Year 3 Work Program, including seismic, effective from Completion Date
· Funding the Permit Year 4 Work Program, including drilling one well with a well cost cap of AUD5.5 million
· The Year 3 Work Program is to be completed by August 2024 and the cost of the seismic acquisition is estimated to be circa AUD2 million
· The Year 4 Work Program is to be completed by August 2025. The cost of drilling a well depends on many factors including the depth of a well and cost of drilling rigs at the time of drilling
Greenvale also noted that: the Amadeus Basin has some of the highest concentrations of helium globally, as well as confirmed hydrogen accumulations; EP145 sits within recognised play fairways for helium and hydrogen and contains proven hydrocarbon discoveries; it lies on-trend with the producing Merenie Oil & Gas Field; has successful helium wells located along the margins of the Amadeus Basin at Mt Kitty-1 and Magee-1; and an existing pipeline infrastructure to Australian East Coast provides opportunity for early commercialisation.
Heading towards .13 as suspected (to test previous resistance, and, importantly, fill the gap on daily chart). Then we’ll have the basis for a sustained move north imo. I’ll be topping up my boots at these levels.
GLA DYOR
We are absolutely primed for a rerate. Still waiting for us to touch .13. Gap needs to be filled imo. There was significant resistance at .13 dating back to May 2022 too—perfectly normal (and bullish) to retest .13 as support having now broken through. I’ll be adding next week if we’re still at these levels—I’d be surprised if there’s another opportunity to.
GLA DYOR
“Sitting on the desk is either approval or rejection,” yeah that’s literally how it works. Greenvale CEO speculated early April—so Fitbrokerspal has decided to fud the share every day until the RNS. He has posted 31 times in 30 days. All Mosman. All fud. He has also uses the alt @aimless. If that doesn’t speak to an ulterior motive or an unaddressed psychological issue then I don’t know what does. Ignore. News imminent. GLA DYOR
‘I wouldn’t normally engage,’ except for all day every day. You’re boring. No one’s listening.
Yeah, I think everyone’s learned to ignore fit’s aka aimless’ daily dose of fud.
Eytan in the latest interview with Malcy said Uruguayan authorities are ‘beyond delighted’ and ‘over the moon’ that CEG have brought Chevron into the space. Approval a tick-box exercise albeit one that takes a couple months—for which CEG is funded, and upon completion will receive $12M.
I also enjoyed hearing confirmation of what a few of us suspected here that there was a “bidding war” amongst for OFF-1. Bodes extremely well for OFF-3.
GLA DYOR
100% @blackbat @fatalcharm. Potter, Eytan et al. showed spectacular foresight and agility getting into Uruguay when they did, and have now negotiated a sensational 60/40 farmout deal with a global super major Chevron. Puts us in an incredibly strong position for OFF-3 talks.
@Fitbrokerspal/@aimless1 a 20% rise happened today taking us to the top of the movers leaderboard.
I hope that helps 🫵😹
“9 posts,” 😂 @Fitbokerspal got absolutely embarrassed so he’s now rebranded to @aimless1. Tragic creature.
Hey blackbat17, by “filled” I’m referring to the following:
Gaps in a stock chart occur when the price of a stock moves suddenly up or down, usually in response to news outside of market hours. In some cases, these gaps don't last – rather, they're “filled” as trading action brings the price back towards the previous close. These gap fills present opportunities for trading.
So, by opening 100% above close on the morning of the RNS, a huge gap was created—essentially suppressing the price in the short term while selling “fills the gap,” ie the SP comes back to around .13.
Better to get it out the way now. In my experience, gaps are *always* filled. Which bodes well for the future (the 9-17p gap) so long as everything goes to plan ;)
MMs created a huge gap at open, which likely needs to be filled (approximately at .13) before meaningful SP movement north. That’s okay, because there’s an even bigger gap between 9p and 17p just waiting to be filled ;)
I’ll be adding if we’re still at these levels end of the month. The 60/40 farmout agreement with Chevron is an incredible reward for those who saw the long term potential here.
GLA DYOR
Why engage? Briggs said the price wouldn’t get above .05, and that we wouldn’t get an agreement 🫵😹
60/40 with a US super major is incredible. Genuinely still coming to terms with it. It’s huge vote of confidence for our asset and for CEG.
Don’t forget the observed oil seeps in OFF-1.
Exciting times.
GLA DYOR