RE: Refreshing4 Oct 2021 15:07
I think that everything that needs to be said and suggested to the BOD has been. The ball is firmly in their court for the next move.
I think SC's contribution to this board has been second to none, putting good suggestions (and humour) out there for us all to ponder and discuss. I can count on one hand the number of people that actually suggest ideas for CEG to improve, out with sacking the board and just giving up.
The main positive for CEG at the moment will be the technical analysis that it will be sitting on, both from Bahamas and Saffron. It was obvious to me that Bahamas Petroleum changed it's name to Challenger Energy due to feedback during the last farm-in discussions. Medium to large Oil companies survive on PR and the publics perception could easily be swayed by the press with the thoughts of drilling on a Bahamas beach. At $80 and going higher to $100+ for the fuel price I think if we don't hear good news regarding a farm-in in the next six months, then we never will. Companies are desperate to cash in on this oil price, especially with Saffron looking as a reasonably easy cash builder.
We know (or should know) the high risk elements in any oil discovery (even the big boys get it wrong more often than you think!), but that leads to the high swings as news comes and goes.
As SC always says, DYOR (so I can never understand why he gets such a hard time!)