Member Info for BurrenBoy

But CEG bought a company for 25 million when oil was 25 dollars. Now oil is 110 dollars the asset is worthless.

I have looked at all of the oil companies trading and CEG has the largest share decline in the last 12 months. That is after Percy drill. Since then they lost millions of the placing monies, and not been able to produce accounts on time. Doing well arent they. Well done Eytan.

If this hit 3p I would declare myself insane.
How could this go up 30 times!!

no, i dont.

Because CEG aree going to takeover PRD.
It's going to become one new company.

That's why I now trust everything he says.

I wish i was that clever!

If you had followed 12bn you would be very rich shorting or betting against the share price.

It's definitely someone clever who knows the company inside out. You don't get all them predictions right otherwise.

He knows so much. Don't ask me how he knows but he predicted the share price fall all the way from 3.5p to 0.1p. With exact info as to when it would fall as well.

Yes, that's the one.. All of his predictions about the share price have been spot on.

I can safely say that a child could run this better than the current BOD.

I know, why dont they drill a well producing 10 barrels of oil a day and ask for RBL.

If oil gets to 200 dollars i certaintly think CEG could turnaround and start to rise. lets see if oil gets there!

He was sooooooo clueless!
Have you seen any of the interviews? Thats why he was with an oil minnow.

Its all over here folks. if you follow 12bn on advfn you will know that CEG have litigation coming with over 10 million in costs. CEG wont be able to raise that and i guess its the end of the road.
12bn has been posting lots of useful info about thos company and is always correct

Do ypu honestly believe the share price would be 0.10 if they are near breakeven? 55 times lower than after the P1 failure??

i would believe everything you read!

the mcap is way too high at the moment. 9 million mcap for a loss making business!

CEG are hoping that oil rises significantly to enable it to stop losing money each month.