RE: He's back3 Jul 2025 10:28
JBT 2007:
I will answer on his behalf.
Best Case Scenario: Chevron continues through to drill, the Chevron drill for Block 1 is a commercial success, and CEG has not diluted its shareholding in the acreage to 40%. There are no funding, legal, or environmental issues. The oil and gas discovery is of high volume and of top grade and quality. If we had an additional farm in partnership for block 3 even better , regardless of whether the above event occurred, we should all do very well, and the SP should increase significantly. We have to have excellent fortune and an honest board of directors for this to happen.
Middle Case Scenario: A drill is completed, but CEG has diluted its assets substantially due to funding issues or to pay the board of directors' salaries, the drill has limited success, which is enough to make the share price increase. Then the board of directors sell the acreage to Chevron or the company and the retail shareholders make a small profit.
Worst-Case Scenario: No block three farm-in occurs, Chevron does not decide to continue through to drilling, the board of directors sells the company before drilling, or the drill is commercially unsuccessful. In which case, it's a total wipeout, and as shareholders, we lose everything.
GG.