Member Info for GarryGraham

In4cendros

No I have not sold my stock. I am still a shareholder. Thanks for your concerns.

GG

CEG Will fall back to 5.5p by May if no new news.

All in my own opinion.

GG

Something afoot here. This SP was stagnant for months and suddenly record rises daily with no RNS . I would not be surprised if a takeover from a major has been proposed. I cant see any other reason surely not a letter from the CEO.

GG

JBT2007

The general point of the post is to comment on In4cedro's continual promotion of this company, whether by third-party " experts " or by comments he makes himself. It is still share ramping on an industrial scale.

GG

In4cedros,

Do you get paid by Challenger Energy Plc for your continual promotion of the company? It's a serious question and not a criticism or a slight at you. Now you are suggesting " for those who have yet to take the plunge " which is going on another level again of promotion. If you don't get paid, you really should, as I doubt Eytan could not employ a better PR man if he tried, and any employer would admire an employee who posts at 9.30pm on New Year's Eve, which is above and beyond the call of duty in my eyes.

GG

Danielm89

Trinidad will be worth about what ? 10-20m?

Are you being serious ? Its a breakeven "asset" at best. Why do you think they are trying to get rid of it. I cant see anyone paying £10-20m for this.

GG

Daniel

I will be suprised if any major is interested in Block 3 despite Eytan's pushing as all the majors have been offered Block 3 beforehand and were not interested. Why would they suddenly have a change of heart. Block 1 is the sum of all our hopes.

GG

In4cedros

I cant believe you are posting about CEG at 9.30pm on New Year's eve !!

Trust me, there are so many more important things in life than Challenger Energy Plc and making money.

Enjoy life.

GG

Sorry, but anyone with a modicum of intelligence can see that the company pays for this article. Come on, let's keep it real. I believe retail investors bought a few extra shares at Christmas. Come February, this will be back to 5.5p

GG

If it helps your soul, feel free to do so.

GG

In4cedros

You must have posted these exact comments about ten times. Why don't you wait to see what further news comes out over the next 18 months before posting again? We will probably be going through a quiet time over the next 6 months while ongoing work is done on the seismic evaluation. We can all chip in once a notable RNS comes out.

GG

Excellent realistic summarisation of the current situation in your last two posts.

I hope the BOD spend the money well and its also very encouraging the Eytan has chosen to take share options instead of cash. This is very encouraging and sends out a positive statement of allignment with the shareholders in paticular smaller retail investors.

GG

In4cedros: "shareholders would be poorer by $12.5 million plus the humongous additional benefits"

Please could you confirm when shareholders will be receiving a dividend from the share of the $12.5m ?

Please confirm what humungous benefits shareholders are due to receive. I was of the understanding shareholders would only benefit when Chevron announce a major oil discovery in Block 1 and the share price increased accordingly but if you are aware of some "humungous additional benefit " I would be delighted to know about it as an investor.

GG

In4cedros:

I hope you are a private retail investor of which I am, Instead of a paid company spokesperson as one could not do a better job of defending the company than you do with your daily posts. You really are the spokesperson and flagwaver for the company and Eytan must really love you.

I just dont get why you are so excited. The only time I will be excited is when the SP increases and the company has a definite long term future by operating a profitable going concern and successful and business instead of relying on paltry handouts from a multibillion oil major.

GG

In4cedros:

1. Shareholders wont see any of the $12.5m from Chevron it will be used to keep the lights on as our current oil drills are breaking even at best and directors need paying their huge monthly salaries.

2. Block 3 is only potential and not worth a carrot until a farm out partner can be found. All the majors have looked at it and not interested so I dont see what excites you here.

3. Trinidad is not profitable and will probably be closed down in the next 2-3 years as even the CEO has said it is breaking even at best and production is minimal.

You do get excited easily !

GG

Dos and Donts;

Nice reply - I don't have any problem actually in the erection business and not in my 60s. LOL. I didn't lose money on this share but was told of it by a friend, who, in turn, was informed of it by someone in the pharma business. I tried it, and it is rubbish in my opinion. The point about the Airfix models was that, as a child, the glue tubes were tiny and tidy, and the same applies here with this product. Seriously, has anyone bought this product I fear not and if you are investing or considering investing you really should. Let's put it this way: the manufacturers are not over-generous with the supply, and it is costly. After I had reviewed the product, I decided not to invest. Good luck with your investment

GG

Do me a favour. Does anyone believe this crap in the latest RNS. The product doesnt contain enough "gel" to glue the wings on an airfix spitfire let alone manage to sexually arouse a post menopausal woman in her 60's. But then again it was tried on a 16 women so it must work. The SP will be 3p at best in 2 years time when everyone realises it is a gimmick at best and no repeat sales. I suggest anyone who owns shares in this company buy the product and try it out and see for yourself what a flop it is. Pardon the pun.

GG

Gibbo 1066

Agree with you totally. GW -I am looking forward to the ride.

GG

In4cecros:

In reply to your most recent costs. I will reply to the main points you raise.

1."Do you not accept receipt of the $12.5 million is transformative for CEG?"—Answer. Yes, it keeps the lights on. CEG is an unprofitable oil and gas exploration company, or at least it is breaking even at best. Without this cash input, the board of directors would not be able to pay their salaries and capital expenses.

2. "I’m certainly celebrating the success Eytan and the BOD has achieved for CEG and i don’t care how many trolls want to play it down it’s a phenomenal triumph" . Answer: I think you need to raise your expectations as a shareholder. What is a phenomenal triumph is that Chevron, as our partner, confirmed they have discovered commercial quantities of quality grade oil and gas in Block 1. As a shareholder trust me there is nothing to celebrate other than you still have skin still in the game. CEG board of directors have done nothing at the moment other than to keep the lights on. The share price has not risen nor has their been a significant rise in the Market Cap but the BOD are still able to take their salaries but no major Improvement for investors like you and me. as its far too early and the market recognises that.

3. "Eytan discussed options available to CEG should Chevron decide to proceed with a drill, after positive seismic. He said that having a 40% interest opened up the possibility of trading a portion in return for payment of CEG share of the drill cost effectively leaving CEG with a free carry for their reduced share". Answer; Watering down of the 40% interest will not benefit shareholders but then again we have no money other than the FLOAT that the super majors can throw at us.

4. "I didn’t mention the possibilities of cash from sale of some of the Trinidad estate - could be significant, check out the deal with PRD"! - Trinidad is a dead duck and a loss making venture or break even at best. No one is interested in our old dry wells. I would discount this totally or it would have been done previously. CEG bod will close down Trinidad in the next two years. Its a cash pit.

Summary : Personally, I think you should refrain from any major celebrations. There is a long way to go before any celebrations or major credit can be made to the BOD. Chevron have billions of pounds of new exploration around the world and close down projects at a whim. $12.5 million to them is pocket change and they certainly would not hesitate to cancel if they had second thoughts. As an investor I want CEG to be successful but I am a realist and not a timid troll.

A VIRGIN OIL EXPLORATION DRILL IS ALWAYS A GAMBLE AND THIS IS NO DIFFERENT.

GG

In4cedros.

Reading your posts you seem to be relying heavily on success here and I feel you have totally discounted the likely fact that it will not be a successful gamble on your part. Remember greed will always win. It always has and always will. This is a gamble and anyone investing in this stock is nothing more than a gambler. It is not an investment, it is a gamble. Investing in RR or Marks and Spencers is an investment or even a FTSE 250 stock . Buying shares in CEG Plc is akin to going to Kempton races and putting a bet on the fourth favourite 7/1 ( 14.3 % )shot in a horse race. The odds on this being successful are about the same. The favourite bet and odds on are- it is a duster, the second favourite is not enough commercial quantities, the third favourite no drill and the fourth favourite is a successful commercial drill.

Don't be blindsided by greed and become emotionally involved in the stock for who are you defending with your posts ? A salaried board of directors you will never meet and who dont care a tuppence for your financial loss.

This is not being a timid troll - It is being a realist.

As a confirmed gambler I'm just hoping my punt on CEG at 7/1 can beat the odds.

GG.