Member Info for in4cedros

Briggsy - your goose was cooked a long time ago - you weren’t even any good at trolling!

Is that you in the Photo Booth?

Briggsy - your goose was cooked a long time ago - you weren’t even any good at trolling!

Is that you in the Photo Booth?

https://youtu.be/FvNdhriwGuM?si=bxV1_AempxrpyqRE

Chagan - welcome to the board. I’m not having much luck googling the stock ticker you’ve quoted for your replacement shares.

The RNS 09/10/2025 stated for each Challenger share you’d receive 0.4705 new Sintana shares. Firstly have you checked your numbers to ensure you have the correct amount of new shares post conversion. If the new number is consistent with the above conversion rate further investigation is necessary.

If the conversion is inconsistent with above conversion you can be pretty confident there’s been an admin error which needs to be addressed by your Platform.

Buffin - thanks for the steer regarding Pareto Conference- there is a report on SEI website but I’m having problems reading it - are there any gems there worth discussing ( Buffin or open to all to reply )

BlackBat - thanks for the link - I’m glad Malcy shares my confidence!

Stewart - I’ll have to bow to others about whether those recent shares can be sold immediately - the merger compensation shares had, I believe, a four month holding requirement before sale.

If there were no prospect of any positive news from SEI the sale of those shares might be a drag on SP but now there is a much bigger pool of projects which may deliver significant SP moving news at any time.

Stewart - the seismic was approved by Uruguayan Government in December 2025, see CEG RNS 09/12/25. Now they have that Chevron can organise the work paying due attention to local conditions, prior to Government approval that wouldn’t have been sensible, cost wise.

Regarding cash the payroll per share has been reduced because many staff were not invited to continue with SEI. Obviously there were compensatory packages but long term improvement.

PR will, presumably, ramp up over coming months, probably with a revised SEI timetable. In the meantime you’ll have to content yourself with broker reports, which, unsurprisingly, are very positive.

Donalb - thanks for your hindsight observation - if you knew the Platinum market would boom over the last six months you could have made a personal fortune on the futures market as well as VALT shares. If you did that I’m really pleased for you!

Are you one of those gurus who publishes information about his trades on a real time basis so that followers can evaluate your personal judgment?

Briggsy - have a great Christmas!

I think whilst trying to embrace the Christmas spirit you’ve confused Nativity with Naivety - pretty unsophisticated for you to expect readers here wouldn’t notice you left out 2025, which comes after 2024 and before 2026.

Surely you wouldn’t have omitted that year because the YOY gain 24/12/2024 - 24/12/2025 was 99.6%! That’s a sizeable golden egg and investors here are looking forward to more eggs in the future and have no plans to kill off the host no matter how much pleasure that might give to the disgruntled Briggsy!

Laallee - hope you have a great Christmas!

Wouldn’t surprise me if Malcy is partial to an occasional bacon butty - he deserves it!

I’m sure you’ll agree he’s certainly brought home the bacon on this share lately!

SaintBaklava - thanks for your festive wishes which are reciprocated!

Interesting you mention your association with the fertiliser business - clearly I wouldn’t include you but there are, conceivably, others who might believe it’s against their financial interest to experience the sort of competition that AAL might bring to bear on the market following successful completion of Woodsmith project, particularly the scaling potential.

Grand infrastructure projects of this type often experience issues during construction and this is fertile ground ( see what I did there ) for sowing seeds of doubt! Most people remember Eurotunnel as an example - early investors experienced severe losses ( Sirius? ) but institutional investors capitalised on it and drove it through because the fundamentals had a good chance of coming good, which they now have - despite the opposition, which was quite vocal at times from Ferry Companies ( possibly substitute existing fertiliser companies in our discussion? ).

AAL are building up the cash needed to fund this project, on their own, ( $2.5 bn from VALT is huge! ) having a partner is preferable but having the negotiating power to robustly negotiate a fiscally fair deal is clearly a boon.They’ve just completed a merger with another huge group ( Teck )who know all about AAL assets and objectives - I doubt the deal would have proceeded if they weren’t on board with the potential furtherance of Woodsmith, given fulfilment of various criteria.

I’m an expert on farming since I’ve watched a few episodes of Clarkson’s Farm LOL - great entertainment but also, importantly, gave valuable insight to a mass audience about the use and huge cost of proprietary fertiliser in modern farming! Also admit to sampling his pale ale - yum yum!

Last one over to SEI is a rotten egg!

All the best to those that departed!

First day of trading for the new Sintana shares tomorrow - they also expect UK AIM trading tomorrow but that needs confirmation .

Exciting times ahead - hold on to your hats!

Beam me up Scottie - you must have landed me on the wrong planet !

JBT- horses for courses - dealing with 12bn, robustly, for close to a decade needed a slightly more assertive style, which is readily tolerated over there!

Many thanks to Ride DaIce on the other channel for supplying the link to the recent Auctis Advisors LLP report on Sintana - well worth reading in its entirety.

Historically I found the section on OFF-3 particularly informative as it explores the fortunate stroke of serendipity that enabled Eytan to acquire that license. Don’t forget when Napoleon interviewed for Generals he always asked them if they had luck! Many people make their own luck - like Gary Player who was famously quoted “ the more i practice the luckier I get “ . Also note you have to be in it to win it!

We heard so often from the trolls and disenchanted Eytan was only given it cos no one else wanted it ! LOL! Here’s the Auctis quote:-

“ At the time of the licensing round, only companies already present in Uruguay were eligible to apply as no ‘ outsider ‘ had registered for the round in time.Apache was focused exclusively on ultra- deep water opportunities, whilst Shell - operator of the adjacent OFF- 2 and OFF-7 was constrained by regulations preventing any single company from holding more than 30,000 km2 of acreage. Applying for Area OFF-3 will have taken Shell beyond this limit at the time thereby disqualifying it from competing.

With no effective competition, Challenger was the sole bidder. Uruguay, keen to have all offshore acreage licensed, awarded OFF-3 to Challenger at a very low entry cost , enabling it to secure a strategic position with minimal up front investment. “

Sam - thanks for that link, now successful.

I’m contemplating joining - I think they’d like my style!

Sam - thanks for sharing your thoughts. I’m not surprised you’ve referred to Simon Potter and his extraction of value from the business. I’ve often wondered what the justification was!

There were some that sung his praises prior to the failed Bahamas drill but when funds were extremely tight his remuneration package was a significant drain on resources. Perhaps he is an unsung hero behind the scenes! Any members of the Potter Appreciation Society stand up now!

You’ve rightly referred to the “ de risking “ of Bahamas by the Columbus in quotation marks because there were a few who believed it, Starchild being in the vanguard. In practice I believe it gave the company valuable time to reorganise under Koot’s smoke screen. He knew plenty more than he revealed at the early stages about Saffron viability ( or not!). Interestingly transferred his shares to his wife, possibly involving pension fund, from memory,but may be wrong on that detail. Subsequently shares were sold before big collapse.

We’ll have to wait and see if the CEG/Sintana merger is out of same playbook. I’m wanting to believe it’s genuine because Total are making such a big commitment to PEL 83 and it’s got good history.

Couldn’t open your link to Sintana commentators but most I’ve seen claim to have been too generous to CEG - if they were that desperate for our cash sounds like they might not have been generous enough - although the % was agreed on the specified date associated to then prevailing market caps.

I’m still a newb on Sintana assets, but their website is interesting.As I said earlier today, I’m expecting extensive PR from executives in the new year.

Brex22 - Here is your post following the transformational Chevron RNS 06/03/2024 - one of the disgruntled cohort. We never got to see the video of you eating various items of your clothing! Please spare us your meat and two veg !

Brex22

Posted in: CEG

Posts: 84

RE: No one is buying??

12 Mar 2024 18:31

In4……I’ll eat my hat, trousers, socks, shoes, etc…when the T’s are crossed and the I’s are dotted……until then…….it’s meat and two veg…….

Stewart - Interesting Sintana SP decline over that period, close followers might want to comment on that. With the merger and PEL development there’s been a lot going on recently. Let’s not forget there seemed to be plenty of Sintana holders who were appalled that the deal was too generous to CEG LOL!

Many do vote with their feet and negative sentiment takes a while to dispel, as we’ve seen on here! I can see lots of news flow opportunities in the near future and Eytan/ Bose will be out on the circuits when they believe it’s opportune to gild the lily.

Sam - I’ll go further - it was a Dog’s Breakfast!

I could speculate that it may have had a profound effect on Eytan and many investors that when shyte or bust is risked and it turns out, pretty much, the latter much more attention needs to be given to risk management, going forward.

The Chevron deal was, almost, out of this world but success is not guaranteed whereas PEL field is much more advanced and has proven up commercially so that the longer term interests of shareholders are being looked after.

They’ll always be investors who don’t want to share risks and gains/losses and I can understand their disappointment but for many Sintana in its next phase will be exciting enough!

Sam, historically, I’ve valued your beacon like support on here, when most of the posting was from the disgruntled FUD cohort. The fundamentals remain as strong now as when the merger was announced, I’d go so far as to say better, as the PEL development has been clarified and development targets published. Yes some wanted a quick cash sale and I’d speculate that’s scared off the TA watchers and some froth but fundamentals usually trump that in the long term.

ATB!