Member Info for BurrenBoy

But CEG don't have enough funds to progress it? They will probably give the license back and go under. They are running on fumes!

Majors are interested but aren't allowed to invest in minnows, it's against their policy. Need to be at least 100mcap minimum.

No, buy why even bother!! The shares will fall to zero regardless. Why not just increase your salary and spend the confetti share money on travelling?

100 million, how would have been foolish enough to believe that valuation! It was never even drilled properly!

Its impossible he will ever recoup that... never ever

And look at the share price. That investment at 3.5p Eytan made on the company reset done well!!!

Only fools buy in now. You will lose, end of!

OK, price next month 0.0001

If this goes under mcap of 1 million it's a buy. Takeover for 1.5million just for the shell company.

Load up at 0.4 are you mad. Its going to go much lower, why not load up at 0.1?

Down we go. Buckle up!!

Certainly primed for 0.2 next week, for sure. Best bet is to sell now and buy back, that's if you are holding. 0.1 to 0.2 could be the bottom.

Let's see if we hit the 0.3 today?

Also with oil being phased out soon there won't be much demand for new oil companies to start, might lower the competition for licenses

Most oil companies are suffering at the moment. Hopefully if oil prices continue to rise it could help. Maybe 150 dollars?

It's a gamble for sure. If you are prepared to hold for several years. Don't watch the price month by month, check maybe 3,4 times a year and watch out for any RNS.

Not many oil companies are doing to well at the moment, lots pressure with oil price.

Probably 2024 when oil price recovers >100

Let's see what happens 2024/2025

If no farm out deal is in the wings Eytan could be in big big trouble for deliberately misleading shareholders. Potentially prison.