Sorry but have to stick up for magoo. He’s here like everyone else trying to make some money. Let’s cut the insults now and focus on the EPO and JVs that are about to blow our SP into the stratosphere .. GLA Faz
When I met LK in person. He reiterated 21.6p from the AGM 2019.. Suriname hasn’t been priced in to 21.6p at all yet Magoo.. that’s way down the line and I think that will be the 500m Mcap ticket. GLA .. faith restored Faz
Columbus Energy Resources (LON:CERP) has announced that the Incremental Production Service Contract for the Inniss Trinity has been extended to enable the full implementation of the CO2 injection pilot project from January 2020 to December 2021 providing the project is implemented by 28 January 2020.
Perhaps most positively, the Minimum Work Obligation has been amended to be fulfilled by the implementation of the pilot project as opposed to the prior condition of drilling seven wells. This is particularly beneficial to CERP’s partner Predator Oil and Gas (PRD LN) who are responsible for funding the MWO whilst CERP is operator. As well as a lower financial burden, not having to drill seven wells will enable CERP’s management to focus on capitalising on a successful CO2 test, should that be the case.
CERP is continuing to make progress on delivering on its three key aims in H2 2019 with SWP drilling, new country entry and the CO2 pilot project.
We reiterate our Buy recommendation and 21.6p target price.
What I fail to understand is .... Why do VSA keep reiterating an SP of 21.6p .. when do they hope to achieve this by ? Thinking of buying some more but a tiny bit nervous at this moment in time .. where’s that 21.6p and how are we going to achieve it with without a positive string of news .. I do believe good news around the corner but I don’t wanna see us receiving good news when the SP is at 3p only to push us back up to 4.5p where we’ve already been 3 times in the past three years..
Hi offerman, Enjoy reading your balanced posts.. having spent time with you in person, I like your genuine approach as it Much needed here now as things are getting very uneasy for us all.. this drop today has upset me a little. But still hoping. I thought saffron would be our green light for all systems go.. but it’s still amber by the looks of things.. still waiting on Leo Koot to deliver something other than a cheeky smile !!