Member Info for Gibbo1066

Well BigMJ, you've certainly set the cat amongst the pigeons. More share purchases... almost 10% of the company in your hands; a considerable amount of money even by your stated standards. Like you, I have looked at LK and the team he has built around him and I like what I see. I have bought into the 3 - 5 year time frame and am so far pleased with the progress made. I am looking forward to the 1000 barrel target being hit, its another feather in Team CERP's hat, but not really the prize we are all hoping for. The SWP and the venezuelan oil basin are the real targets and given Trinidads proximity to this vast oil reserve, I'm hoping our chances are considerably higher than the standard drill to find ratio. Good luck and here's to a better share performance in 2019.

Tantalum, we live in a democracy and have to abide by the majority decision. My problem is the whole way this EU campaign was carried out by both sides. Where was the vote for 16+ year olds, its their lives we are playing with ( they could vote in Scotland which was arguably a lesser decision for our countries as a whole ) . Where was the minimum turnout...75%+ This is potentially the most important decision we will make as a country and it was left too open. This isn't about win / lose, I am past that, its the way in which it was presented to us by our beloved if somewhat self serving idiots and morons who inhabit the centre of power that is Westminster. We are a tiny island off the coast of Europe who once ruled over vast swathes of the world. We don't anymore and it seems we cant even run a referendum either now... oh how the mighty have fallen.

1,635,000 for me... too tempting.

Ok Irene, perhaps you have a point. We have 12 prospects, with estimated 20-400mmbbl per prospect. Given that we have 12 available and by your figures a 30% success rate that’s 4 prospects where we could find enough to give our business the transformational growth we are seeking. Just working on the low find per prospect that’s 80,000,000 barrels. Not to be sniiffed at!

LLL, informative. thanks.

Irene... come on semantics!!. It is clearly in the presentation given to the investors. OK, I will grant you the 'road map' part was a little misleading, but its there for all to see. Just out of interest, what is your background? We have well respected industry professionals making statements on their investor presentation and well known investors snapping up the shares. Surely if this was an issue in terms of the way they have presented it, they would have raised this as an issue.

I hope not, especially when its clearly stated in the investor presentation. It would make them look pretty silly.

Hello Irene, please re read the Q3 2018 Investor update and look under the heading 'Our Portfolio Fact File'. the last bullet point says:

SWP Exploration Portfolio. A dozen low risk exploration prospects with material OIP estimates ( 20 - 400 mmbbl each )

Gibbo

Irene, surely you have read the road map as laid our by LK? It clearly states the objectives of the SWP and the 12 wells. It also clearly states their target in mmbbl. Must have been an oversight on your part, it is well worth a read... the roadmap that is as its the reason most of us are still here.

LK has quoted from 20 - 400 mmbbl from one or possibly all 12!

Irene, the purpose of these boards is to share information, thoughts, knowledge and perhaps a bit of harmless fanciful thinking. There are a number of facts out in the market as quoted by the company, the rest of it is just bar talk as no one actually knows. Yes, you can deduce from the info supplied and some of the board are actually quite good at it but, in the main, we are just slaves to the next RNS... this is AIM after all. Happy to bounce some conversations around as the share is doing nothing currently and as yet we don't have the 10p brigade raising their head in full song for Xmas ( which is only a very few trading days away ) Anyway, good luck with your shares... sometimes I wish I had never started, I would be a lot richer... unless CERP can locate that 800lb Gorilla! There I go again...

are we not forgetting that the main players at CERP are receiving half their salaries in shares. This alone is a rare beast on AIM and shows to me commitment and desire to improve the share price.

it depends on your definition of transformative... doubling the asset base of any company would in my opinion be transformative, so the actual current size of the business is irrelevant ... we have the potential to do considerably more than that.

well, I would consider your common or garden Behemoth around $300m market cap. I'd like to see somewhere around 40mmbbl from the first well, anything over this would be a good start.

Irene, its all speculation and supposition. The only people who have a true handle on what opportunities we have are at the centre of CERP. They have convinced some fairly hard hitters that there is Oil there and given them a reasonable framework and timescale as to how they are going to get it. I wouldn't be surprised if we have another round of funding in Q1 2019, as long as the assets are showing potential, I'd be happy to join in. So far we may have had some dilution, but we have also gained some good assets on the back of this. All in my honest opinion.

Missing the point Irene... I said potential Behemoth. We have the foundations and now Its all down to the SWP play... if we just hit one of the targets our business will be transformed... yes hopefully into a behemoth ( I like that word today in case you hadnt noticed. )

Balanced reply Ross. If we have a look at where we were in say 2015 to where we are now, I wonder how many of us would still be here. My point is that LK and the team he has built around him have done a fantastic job of taking a sick and poorly run company and turned it into a potential Behemoth. Yes, I know, I used the word potential, the last time I checked there are only two certainties in life... death and taxes ( plagiarizing someone whos name I forget ). I also have shares in TRIN, but the majority are within CERP. On balance both companies have potential ( good assests, low or no debt ), both have sketchy pasts, but I personally prefer the outlook, assets and team that run CERP ( and so it happens does BigMJ and Schroders and the others who came with Steeldrum.)

2019 is going to be a big year for both companies, I'm looking forward to new deals, new drills and hopefully a bit of the black stuff... Oil that is not Guinness... though I may have a few of those if we land the 800lb Gorilla ( now that was Mr Lenigas )

I’m sure I would rather LK invest our money than have it sitting in a bank account. I agree there needs to be clarity on the cash flow positive statement and that full clarity has not been shown on some of the figures. But I have to wonder why BigMJ and Schroders have put such faith into CERP and her team. I’m happy to follow them for now and see what can be extracted from the SWP, after all, this is what it’s all about and so far LK is playing a blinder. IMHO the next 7 months are going to give us a strong guide on CERP and the direction she is heading. My gut feeling is north...

Hello Ross... I prefer a balanced viewpoint. There are plenty on here who have rose tinted glasses which doesn't really help. If you have evidence of any of your points, always happy to look it it. If its just speculation and supposition, probably best not to post it. We have a road map laid out by a recognised industry professional. He has inherited a bit of a Pigs ear if I'm honest and he has stated that, but the silk purse is there. He has kept us informed of his deals and quite frankly pulled off some great ones in the time frame. We have a good foundation for a spectacular 2019 ( market allowing... even LK / CERP cant be blamed for that one!! ) Dont get me wrong, there will be issues / problems to overcome which may effect the share price, but if just one of the 12 targets he has set out hits a low end of prediction find, our company will be transformed. Good luck with your shares, I hope you have the sense to put just a little amount into CERP, the down side isn't huge, but the upside could be enormous. DYOR as these are just my personal thoughts.

You may have to wait a little longer Faz... get on with something you have control over, this will resolve itself eventually I have no doubt.

That was meant to be ‘not’ not it! Oh and my BEP is £0.22 across my very red share portfolio.

Yes Faz, a few years, but will it make the same mistake again re sale price though, should have got out at 7p rather than topping up!! 2019 will be transformational for CERP, not certain you will be able to retire, but that AC Cobra ( built a replica in 1989 - beautiful car. ) could very well be a reality. Good luck to us both and all the other long suffering LTH’s. Gibbo