Member Info for get_rich_quick

LK said the first shallow well will cost less than half a million - isn't that what Mr Ritson was spending on a well and they were producing around 35-50bopd.

I certainly don't expect the same to occur otherwise "bang for buck" doesn't spring to mind.

Rossannan,

Whether an investor wishes to crow over their amount of shares, but not disclose their percentage profit or deficit, is their business, and certainly none of yours.

Regards.

"You obviously haven’t read my posts if you are accusing me of repetitive bashing over the last 18 months. Until the shine started to come off him about this time last year I thought LK was a breath of fresh air".

So, Rossanan, you've only been bashing for 12 months as opposed to the suggested 18....

Congrats...

"Ross it's not that difficult to understand as long as you can count up to twelve.."

I rarely look in on here anymore but when I do, snippets like these always make me smile.

My account and I'm only £7300 down, which is approximately 62% loss....

I was once at breakeven, which was 6.4p at £30k worth.

I 'wisely' took £20k but unwisely left £10 in there...

Stale of late.

You're sitting quite pretty with your 1.06 average. Alas, mine is around 1.4. You're in a strong position whether to sell at break even, which should comfortably come about, or hold for whatever may be with this company. ATB.

Is Malcy a figment of LSE. I can't see any of his / hers posts...

500k shares. Well done, Edgar. I did something very similar. I averaged down. I was on a 'princely loss' of around �25k. Scarey days but fortune favours 'the blooming lucky....'. I have �10k left in at average of 6 point something or another. ATB all.

https://www.ukinvestorshow.com/exhibitors/

Hmmm. Not sure how I just repeated my post. Apologies for that. Yep, TT12. I've made countless of mistakes over my share dealing years but I made a slight sin with LGO as I bought far more than what my bank balance was comfortable with. I then decided to average myself out of my situation, and under Ritson and his $500k wells with 50Bopd returns, that was never going to happen. I recognise LK'S influence on CERP as his impact got my �23k deficit back. A little negativity isn't a bad thing though. And I can say I'm a genuine chap whose been through the lows and (waiting for the big) highs.. ATB.

LGO-fan, Ha ha. I know, you're right. I read your post (first line) and it made me laugh. I have gone on about it a bit. Not intentionally. It's almost comparable to 'racing thoughts'. Anyway, as soon as the Bopd figures are out I'll be happy as I can only accept the numbers and respond accordingly. No more 'E.P' comments from now on..

LGO-fan, Ha ha. I know, you're right. I read your post (first line) and it made me laugh. I have gone on about it a bit. Not intentionally. It's almost comparable to 'racing thoughts'. Anyway, as soon as the Bopd figures are out I'll be happy as I can only accept the numbers and respond accordingly. No more 'E.P' comments from now on..

My current situation; Units held 151,451 Price 5.50 Value �8,329.81 Cost �9951.18 Difference- 1,621.38 % difference -16.29 Actually, my average is 6.57.... It's getting worse...

TT12, No, bud. I have �10k worth at an average of 6.4p. I mistakenly thought my average was 6p but I recalculated it a week ago. .4 pence is negligible. However, I did sell �20k worth but that was quite some time ago. I did that as I wanted to de-risk. I'd been minis �23k for a very long time, which was a bitter pill but hats off to LK as his presence and efforts brought me to break even so, I thought after a year of heavy perspiration I'll take out the money that I was minus and keep the remander. If I had bigger cojones I'd have not sold a penny but it was the right thing for me to do.

If production has doubled, at what point is LK going to say it doubled from? 300 to 600? 350 to 700? I'd just like to know if it has doubled then I'd like to trace back to when that figure was halved. Anyway, it can be discussed until the cows come home. All we can do now is wait.

Petersalkeld, The discussion of numbers has been hot topic on here of late. I believe some have suggested lower figures in anticipation to justify any shortcomings. LK has rumbled on about production being doubled, and that this was reportedly one of his end of 2017 objectives. Goudron production was around 460 in Jan 2017, and then dropped to 435 in March 2017. I had hoped Bopd would be 1000 but at the very least it has to be over 800 in order to give any credence to production being doubled. We all lived in a lens smeared world when NR provided Rns' and I don't want any ambiguity to occur under LK. We've all recognised his excellent renegotiating skills and he is to be commented for these cost cutting savings. Whether you or any other things Goudron is CERP'S long term prospect is irrelevant, it is the main cash liner to our books today. LK said how simple it was connecting the wells to electric pumps to increase production, and my only frustration is if it isn't as simple as what LK has said, then whose to suggest anything far more technical won't throw up horrendous curve balls. Surely nothing is simple with extracting oil, and I am slightly chomping at the bit that LK spoke quite incredulously of why an electric pump hadn't been utilised before. Well, the proof will be in the Bopd pudding.. ATB folks.

Don't you get bored?

Personally, if production isn't above 800+ I think that's an underachievement to what LK has announced. Mumblings of production being doubled from LK, and Goudron was churning out 440 odd Q1 2017. 560 odd at the end of 2017, and then talk of it being doubled (presumably from where they started). LK said he has met all of his targets that were set from last year, - and there is no denying (when the accounts come out) that CERP is reportedly cash positive. And an achievement in itself. I'd just like to see Bopd figures to quantify LK'S comments and, for that additional reassurance that the approach LK has employed with increasing Bopd, at a minimal expense, is worthwhile. If he has done that, then that'll certainly signify his place as the being the best man for the job, and I'm not suggesting he isn't as he has procured some excellent renegotiating with cost cutting. I just want to see the figures first. I suppose I'd like to know for sure there is life in Goudron yet..

Where is the chap who frequently spoke of the API being of high quality, and he'd often ask others what the inch size of the choke was in the infrastructure? I can't recall his name. He was a huge supporter of LGO but I believe he became somewhat critical toward the LGO end..