Member Info for BurrenBoy

Eytan can buy on the open market anytime. Share price will continue to fall, no rush. If he wants to collect useless shares with no value that he can never sell for a profit that's what you call madness!

Eytan is buying to create a false sense of security. He doesn't need to flush out retail, they have already gone! He has been buying from 25p probably!!

Don't forgot that CEG are sitting on a billion barrels of oil! Yeah, course they are! There is no way anyone believes that. They could put out an RNS today to say that Exonn have agreed takeover at 20p a share and the share price will still fall to 0.04, no one would believe it! CEG are the basket case of the oil industry!

Artifical intelligence in charge!

There is no way this company can sustain the complete lack of confidence in the BOD. If they all resigned tomorrow and put AI I charge the price would rocket!

Please don't give people hope! Into 0.040 likely today

And the BOD will do???

1. Nothing

2. Issue RNS saying we are still expecting farm out

3. Resign

4. Put CEG up for sale

5. Claim that the license we got for next to nothing in Uruguay is worth millions!

It will drip to 0.020 by the end of the week.

Do you know of any other CEO that would write a book whilst the company was in freefall!!

What liabilities, CEG say they have no drilling required short term and no debt!

Yeah right. And the mcap is 6 million! If that was the case this would be taken over for 10 million.

CEG done a reset a couple of years ago. Aiming for zero. Not long to go now!

Fair mcap valuation I would say is 1-2 million. CEG don't have a proven asset that would attract investors. If Uruguay is proved up than maybe current mcap would be justified based on inherent risk associated with funding. CEG will never get a farm out, end of!

If CEG reported that they were pumping 10,000 barrels a day no one would buy the shares, because they would still report its only enough to cover salaries!

Based on the decline over 9 years how on earth is he still being voted to run the company!!

OK nearly 9 years!

Commercial Director

Bahamas Petroleum

Nov 2014 - May 20216 years 7 months

Nassau, Bahamas

They need a proven CEO. Someone who has been successful in the role before.

Look back over the last 10 years and see the destruction. Eytan is a common denominator!

Eytan is probably preparing to turn light out hence the last ditch funding. No one wants to invest heavily here with the track record. Bahamas was so badly run its beyond words!