Member Info for in4cedros

Join the rest of the trolls with short attention spans - CEO has recently commented on the expected timetable-were you also a doubting Thomas on whether a minnow like CEG would ever get a farm out?

Zig - presumably you don’t envisage him being around for a long time as they have covered short term pretty competently with Charlestown and Chevron ( see 2024 RNS ).

GarryGraham - CEO has recently advised that Trinidad breaks even but when G&A for company taken into account losses are around $200,000 per month.

That means if they did nothing the $12.5 million would last around 5 years - that’s a long ` short time ‘ !

This company is not, however, going to just eke out the cash they will, IMO, use it to improve assets, for example seismic exists for OFF-3 and it’s a priority to negotiate access thereto to assist with promotion of that asset.

This company may well invite further capital contributions from shareholders to further it’s plans but it’s from a position of strength, after the $12.5 million is banked - that’s very different to many previous begging bowl events I’ve seen with the old Trinidad business and latterly with BPC.

Hope that helps Garry!

GarryGraham - when Chevron pay the $12.5 million it will be an asset, irrespective of any oil in that block.

At the moment it’s a potential asset but clearly that potential is so highly regarded that even highly critical observers claim to fill their boots with shares!

Arch - quite so - those videos can reveal useful information- thanks for sharing!

Zag - ' fully funded ’ is the term used before Bahamas drill but it was clear to me that this was a best case scenario with little contingency for any extra costs.

Reality was extra costs were incurred, including the last minute environmental challenge, which required a response, necessitating more capital, borrowed on what I call lender of last resort terms. This would all have been quickly forgotten if the drill had been successful but the failure gave plenty of excuses for shareholders to moan.

Quite frankly, imo, shareholders were fortunate to retain any value after that debacle and should rejoice at the current turn of events!

You should take the time to watch the CEO video where he explains the Chevron opportunity - because CEG have an exceptionally large retained interest they can, if they wish, sell some to fund a good chunk of the drill cost.

That’s an option which BOD will consider, at that time - in the meantime there are plentiful opportunities for SP growth based on multiple factors, including, in the near time, results of survey conducted by Chevron as well as excitement from Argentine drilling.

Time for the trolls to wake up to the fact this is not a Post Office Account it’s an Oil Exploration share - certainly one of the riskiest sectors in the stock market- not for widows and orphans!

Zag - may I suggest you read the Chevron and Charlestown RNS to better understand the financials here.

On completion of the Chevron deal CEG get $12.5 million so no immediate need for funds.

Charlestown are also very keen to inject cash into CEG and have agreed terms - they needed the Consolidation for their backers/ administration ( watch recent directors talk video ) - appeared to be a deal breaker so CEO has agreed it, subject to shareholder vote - disgruntled ex - shareholders/ trolls fortunately won’t get to vote Zag!

As I’ve mentioned before it’s surely quite natural for a shareholder to be enthusiastic about his purchase whereas some might suggest it’s rather a disagreeable trait to troll a share because of historical losses.

Timid Trolling, sometimes categorised as Slippery Fish is off the scale ( haha! ) GG

Yawn, yawn - still more than 40% up from this regularly referenced ' Why on earth ’ quote - LOL!

' JohnBriggs

Posted in: CEG

Posts: 1,174

Price: 0.1075

No Opinion

RE: Deadlines

23 Feb 2024 10:37

Hahahaha, ah Luthee you really are the ultimate apologist. You fail to recognise that if a CEO comes out with a deadline such as fam out by Christmas and then that changes to oh now another 12 weeks, by end of Q1 2024 it makes them look naive and incompetent when these deadlines aren't met. All the while tie company is running on fumes. 

Why on earth would anyone want to give their money to a company with no credibility and run by amateurs and most importantly who on earth would want to partner with them. The industry and market never forgets those who mislead and default. ‘

Anyone heard of Chevron LOL?

GarryGraham - what more confirmation do you want? CEG have issued a RNS and Chevron referred to it in one of their recent reports.

We now await rubber stamp from the Government of Uruguay.

GarryGraham - many thanks for your appreciation of my post - telling you don’t attempt to dispute my suggestions.

Don’t worry about me I have plenty of time for other activities- just feel blessed you’ve had the benefit of my contributions - it helps that 12bn on the other channel seems to have lost trolling interest of late, presumably because of the cascade of good news!

GarryGraham - I’ve taken an interest in trolls for many years - as I’ve said before it’s quite an art to be able to undermine confidence using facts and subtlety - there are few who are really capable but a huge number of wannabes who have a grossly inflated idea of their ability.

You appeared somewhat dismissive of JohnBriggs in one of your recent posts - although I have a go at him from time to time his posts are relatively straightforward - he’s lost money here and he sub consciously blames himself for placing over reliance on other over optimistic posters - it’s cathartic for him to post negatively at the moment but I sense he’s gradually getting over it and most people understand his plight and tolerate him, whilst pointing out the error of his ways when necessary.

Interestingly I’m going to credit JohnBriggs with his comments being picked up by the CEO - post Chevron deal I watched Eytan on a Q&A video and he referred to reading the leopard not changing his spots comments - I don’t think any of my posts have ever been acknowledged by CEO so well done there!

You, Garry, aren’t so lovable - the slippery fish Freudian slip suggestion characterised you very well!

You claim to be heavily invested here, with your friends, yet you posted the question about the Chevron completion - the answer was given in the original RNS - Uruguayan Government approval is awaited - sometimes you just have to wait it out. Most normal people understood this, particularly those that are invested - why didn’t you - surely you read the RNS!

I put it to you the question was posited to try and create a sense of unease amongst readers that it’s all taking too long and possibly there’s a problem! I don’t even credit you with original thinking on that line as the other trolls were out in force, sometimes multiple times a day, pre-Chevron, regarding the chances of CEG getting a farm out, particularly after Eytan had not met his own indicated timescale!

I post the above because not everyone has my somewhat unusual psychological interest in trolling and may not immediately see the things that jump out of the page to me in your posts, as an old cynic.

Have a great day Garry!

Unsurprising question from GarryGraham - probably delighted in asking his parents ` are we there yet ‘ as soon as the car door shut!

Yet another example of ` Timid Trolling ‘ if I wanted to put the best gloss possible on it, otherwise I’ve got to express my concerns for his comprehension powers relating to statements made, independently, by both Chevron and CEG!

Gibbo - I enjoyed your post and may well use the quote below in the future as it encapsulates the essence of this opportunity!

` This is a great opportunity to put a little spare money into a small oiler with a terrible track history and make a potentially huge return. ‘

GarryGraham - I’ve been following this share for around a decade and I’ve seen many posters come and go - most are relatively straightforward they either want the company to succeed or they don’t and the posts are unambiguous.

I have no problem with either view but as my time and interest is not unlimited I tend to post more at the trolls as I assume most posters know that share owners are naturally inclined to gild the lily a little and should therefore reflect carefully on content therefrom.

I didn’t bother to review your posts from years back because I actually remembered you clearly from the Bahamas drill period as being rather unusual - most people agonised about being in or out for the drill in private and then argued their position on the board - it was clearly a binary bet at long odds - rather like a casino bet on a number group - if you don’t like the odds don’t take the bet!

A sensible position for those who were really optimistic would have been to seriously ask how much can I afford to lose without it having a significant effect on lifestyle and mental health and then adjust their shareholding exposure accordingly before the drill!

Regarding the Chevron deal and the original RNS announcement it was clear it was subject to Uruguay Government approval - I’m still waiting to see any evidence from you that the deal has any other clauses that observers should be wary about save for usual legal small print, such as CEG must not go bankrupt in the meantime. As such clauses are the norm in any agreements of this type why would you, as a claimed shareholder, major on such detail where you clearly have no more insight than anyone else?

Put simply if you want to tell people you are in up to your balls that’s your business- no need to feel responsible for others who may or may not invest- they each have their own circumstances and risk/reward profile.

I make no apologies for reading and responding to your posts - you should be flattered by my attention - if I’m wrong put up a counter argument!

I wish all genuine shareholders good luck with their investment here!

Samtheman - great post! - grandchildren also appear to be a relevant consideration LOL!

GarryGraham - some people may not be familiar with ‘ Timid Trolling ‘ so I’ve reposted 2 from my history for an attempted explanation- you’ve managed to reference, again, your unfounded suggestion for the Chevron deal, this time referring to it as ‘ slippery fish ‘, ( I’m wondering if that was a Freudian reference to yourself Garry! LOL )

In4cedros - Posted in: CEG, Posts: 5,855 ,Price: 0.1575 ,No Opinion 

RE: Dont afriad from trolls29 Apr 2024 17:12 

GarryGraham - Surely if you are claiming to preach to the naïve investors on this high risk Oil Exploration share you wouldn’t omit the positive ramifications for the SP when the consolidation completes as mentioned by jbt! Quite frankly Garry I’m doubting more and more that you’re risking grandchildren money in this - surely if you thought you would lose shares at the rate of 50:1 without a compensatory uplift in SP you’d have sold out ! 

Below is one of my previous posts about timid trolls - beware particularly those that share their personal information claiming to be widow/orphan / investing in high risk AIM for grandchildren! 

in4cedros - Posted in: CEG, Posts: 5,844, Price: 0.145, No Opinion 

Timid Trolling! 

25 Mar 2024 16:45 

Willec - GarryGraham is an interesting case study on the Trolling spectrum - as the heading suggests he is a Timid Troll - instead of slating the company he pops up from time to time, makes some neutral/ positive comments, whinges a bit then slips in the negative comment. 

I remember the pattern from the lead up to the Bahamas drill - found it difficult to believe he’d actually invested having regard to his state of anguish he’d been in then, when it failed, the buyers remorse kicked in big time! 

If his posts are genuine it’s difficult to understand why someone with that attitude is prepared to go another 10 rounds with the company on a new drill venture whilst pooping their pants at each stage. 

Furthermore in such a scenario why highlight negatives if you are genuinely invested - by way of example I give you fairly recent post where instead of just saying the Chevron deal is not complete until everything is agreed, including Government approval he decided to speculate that Chevron had included last minute caveats in the deal. He may be correct but why introduce that little bit of extra speculation based on zero knowledge - I could easily speculate that Chevron have done so many deals historically they have a rigorous tick box list to complete and want to see all the evidence before they even release the news they’ve done a deal because pulling out at the last moment suggests they didn’t do proper due diligence in the first place which is not great for a Super Major! 

I wish all shareholders success in this venture - there’s plenty of proper trolls about - they don’t need your help!

Are you familiar with poster DutchStanton?

GarryGraham

Posts: 732

Price: 0.1525

No Opinion

RE: Shareholders

Today 19:45

willec to john briggs; "why are you even here? you have no shares - just do one. 

it is funny how no trolls can admitt the reason why they post on this board. 

for one to post and hold no shares just tells me what a pathetically sad life they lead". 

willec - how do you know john briggs has no shares. you have not got a clue about his life, his investments and 


GarryGraham - in the real world it’s just not natural to buy shares in a company and then attempt to talk down the SP - you are clearly an outlier on this, if what you post is expected to be believed!

I can’t be bothered to read through JohnBriggs post history but I believe he’s either told us on here that he’s sold up or that he’s never disputed it on countless occasions others have posted he sold out - he’s even responded to my Jilted John posts! He’s certainly characterised himself as a disgruntled ex shareholder.

If it’s the case he is a shareholder here but wants to give the impression he’s not then that’s rather disingenuous, ( putting it as politely as I can! ) wouldn’t you agree Garry?

In4cedros

Posted in: CEG

Posts: 5,855

Price: 0.1575

No Opinion

RE: Dont afriad from trolls29 Apr 2024 17:12

GarryGraham - Surely if you are claiming to preach to the naïve investors on this high risk Oil Exploration share you wouldn’t omit the positive ramifications for the SP when the consolidation completes as mentioned by jbt! Quite frankly Garry I’m doubting more and more that you’re risking grandchildren money in this - surely if you thought you would lose shares at the rate of 50:1 without a compensatory uplift in SP you’d have sold out !

Below is one of my previous posts about timid trolls - beware particularly those that share their personal information claiming to be widow/orphan / investing in high risk AIM for grandchildren!

in4cedros

Posted in: CEG

Posts: 5,844

Price: 0.145

No Opinion

Timid Trolling!

25 Mar 2024 16:45

Willec - GarryGraham is an interesting case study on the Trolling spectrum - as the heading suggests he is a Timid Troll - instead of slating the company he pops up from time to time, makes some neutral/ positive comments, whinges a bit then slips in the negative comment. 

I remember the pattern from the lead up to the Bahamas drill - found it difficult to believe he’d actually invested having regard to his state of anguish he’d been in then, when it failed, the buyers remorse kicked in big time! 

If his posts are genuine it’s difficult to understand why someone with that attitude is prepared to go another 10 rounds with the company on a new drill venture whilst pooping their pants at each stage. 

Furthermore in such a scenario why highlight negatives if you are genuinely invested - by way of example I give you fairly recent post where instead of just saying the Chevron deal is not complete until everything is agreed, including Government approval he decided to speculate that Chevron had included last minute caveats in the deal. He may be correct but why introduce that little bit of extra speculation based on zero knowledge - I could easily speculate that Chevron have done so many deals historically they have a rigorous tick box list to complete and want to see all the evidence before they even release the news they’ve done a deal because pulling out at the last moment suggests they didn’t do proper due diligence in the first place which is not great for a Super Major! 

I wish all shareholders success in this venture - there’s plenty of proper trolls about - they don’t need your help!