Member Info for in4cedros

As Panto is topical at the moment I'm going to step in here as the man who restrains Starchild by whispering in his ear ' don't do it Star - they're not ' wurf it ' ' .

I love PRD and hope you all do well as well as paying a sensible price for FRAM - nothing wrong with a bit of opportunism - I've consulted David Dickinson and he says if you put a bit more cash on the table it'll be worth taking!

All the best to all here including young Chesh - what's not to like about him - how dare people suggest he has any responsibility for this silly spat!

Private_Investor - I'd speculate message has gone out to Troll FB group to pause for a while ( whilst they find cash for margin calls!) - even my favourite troll 12bn on ADVFN has gone AWOL but, fortunately, I have such a detailed back catalogue for him I can just speculate what he might have said and respond to that - SIMPLES!

Today's speculation is he'd have seen PRD 99% improvement on CO2 testing revealed in Interims as a failure and no basis to continue negotiations to try and acquire the field from BPC - last offer $1.75 million - unfortunately for trolls PRD making encouraging noises - make your own minds up!

dubed - some have suggested that rossannan trained as the mole in Whack - a - Mole machines - you've got to admire his stamina - the other trolls have run out of steam !

Although many BPC holders **** off the CERP deal it has bolted on an established level of production which is more valuable in the BPC business than CERP because CERP overheads are slashed - BOD largely gone now . BPC told us production should enhance borrowing position - I don't find that implausible!

Do I believe the drill will be financed - yes - is it guaranteed at the moment - No ! Enjoy dealing with dross - slippery snake has often been mentioned in that context - disingenuous- regularly!

Starchild- glad you asked that question of dross and I'm pleased he came clean on it ( it's all in my book! ).

He tells you your question is a strange take on events - really ! I've been around these boards for many years and seen lots of appeals for charity money but never one quite like that !

It can be appreciated that dross had been winding up readers for some while when he posted his offer so that's the context . Let's suppose I had a row with my neighbour and he decided to move what if I then approached him and told him I intended to parade up and down the pavement outside his house wearing a sandwich board stating ' The neighbour of this house is mad - don't buy it ! ' ( that would be me !) - but then said if he gives enough cash to my nominated charity I won't do it !

Where I live my life expectancy may well be severely curtailed if I pulled that stunt - LOL - but more importantly would the charity be happy I was encouraging donations based on such a premise - I doubt it !

As you know I respond to posts from many trolls and it keeps me amused - some like 12bn require little thought others like dross are challenging as I acknowledge he usually does reasonable research and is capable of putting together a stimulating and purposeful post - unlike Krapper ( where there is an absence of focus ) .

Dross' s thinking is, however, very much textbook stuff which is why he was referred to as Fantasy Oil & Gas Manager and this was very much apparent when he asserted Koot couldn't make the Saffron drill without a Placing despite Koot stating otherwise. What he hadn't accounted for was goodwill and trust - the drill owners were CERP shareholders with a long term relationship - it was in their interest for the drill to proceed and being paid later was worth the risk. The story is now boring everyone on here but I see a parallel here with the P1 funding .

Dross will always quote the textbook account of the funding and I don't fault his research - I've concluded the same myself about funding - I was quoting the end of year accounts text on ADVFN before dross got involved. Those posters saying it's all sorted are not going to win the debate purely on bluster because dross will just use the posts as a springboard for putting his own view and keeping it headlining, which suits his trading position, at present .

I prefer to acknowledge the covenant breaches and agree the 2 financiers can refuse to advance more cash even though they originally were happy to proceed - they now get the chance to review their options in the light of current world situation. These lenders are already in for many millions to BPC so just pulling up the drawbridge isn't that easy plus I believe they were happy with the risk earlier this year so unless POO drops significantly they will probably release funds. I also believe Stena probably agreed to commit some funds to the project, subject to POO and this will help the 2 financiers to assist. Although many B

Chesh - yes it's like deja vu on here at the moment - first you get the ' filter him he'll soon go away ' brigade closely followed by the ' surely he can be reasoned with ' bunch !

How long before he asks for cash in return for his holiday from posting ?

Reading between the lines dross seems a bit bothered about PRD coming in with some cash hence the attempt to downplay it in his last post. He's a bit embarrassed about the PRD situation as he's been beating up Koot for a long time about his acquisitional strategy and doubting the value of Trinity Inniss field so the offer of $1.75 million delivered quite a jolt to his credibility!

Willibob - dross did fully commit as he claimed to have bought in, having fully analysed the funding position, not much has changed since, except dross is now out, citing POO price. Now he's on here regularly concerning himself with the options for the BOD - I think they need his input as keenly as Koot needed him to be doubting his assurance he could drill Saffron without a Placing , multiple times daily, for close to a year!

dross has every right to attempt to control the agenda here but it won't stop me commenting on his posts - at the moment he's still treading carefully here - hasn't proceeded to the next stage where he asks that readers pay cash for him to stop posting for certain periods ! ( I kid you not it actually happened on CERP board with him ! ) . Such conduct might be ok with you willibob but it didn't go down well with the masses on CERP so forgive me if I decline any invitations to join the dross fan club!

dross - I can see why you're bothered about it as the SP has already moved against you whilst you've dithered - you told us you sold cos of POO not the funding option risk - was that a good decision- too be frank no one cares - plenty of risk in this share - I've never seen anyone advocating it for widows and orphans or PO Book riskers - are you sure you should be involved here 12 inches or not !

GarryGraham - no need for any apology - presumably you are one of the growing number that's filtered poster Krapper - he'd issued a challenge to you based on a false premise regarding a trading history allegedly relating to me he'd fabricated based on graph of CERP/LGO SP.

It's significant that even troll dross filters Irene Krapp !

To brynjon and others with his view - if filter works for you wonderful - I've heard the arguments for years and I'm unconvinced - readers here that don't filter me are at least informed about history of trolls - which the trolls, importantly, don't dispute !

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz!

Oulton - ask Krapper to cite the evidence of my trades!

Krapper really getting desperate now - I never indicate my trades on chat boards so Krapper is fabricating a trading loss and attributing it to my account!

Krapper has probably seen the way I deal with 12bn on ADVFN where I cite his losses as a credibility issue - difference is his losses are based on his posts of when he bought and sold and can be evidenced - if we believe what he says !

GaryGraham no need to advise me as I'm comfortable with my position here - I'm neither urging people to buy, sell or hold - an improvement in fundamentals will influence the SP positively and IMO most shareholders are holding for that reason - Krapper predicted no oil from Saffron despite COS 45% and significant production already in the area - SP doubled on result - Krapper and other trolls faces well egged - no apologies to those they influenced to sell !

Dross is famous for his ticking clock deadlines - he has been known to set his own deadline where none has been set by the company purely for deramping purposes ( I kid you not! ).

Good job I don't filter him as you'd miss out on my topical insights!

Dross - re your post 12:47 today LTCERPErs know you from old #zerocredibility - you spent almost a year trolling the board warning Koot needed a Placing to drill Saffron, which he told us he didn't - you were proved wrong - to cap it all the ' picks and shovels ' drill company Koot used offered to drill Saffron 2 at their cost and risk in exchange for a share of profits!

Clearly you've got a very short memory or it's very selective - you might have parked your tank on Star's lawn but it hasn't taken long for the tracks to fall off !

Tiburn - at the time Stena were in negotiations POO was close to floor and confidence low - the market for future drilling was decidedly shaky - about this time Koot struck a deal with Saffron 1 drill team to drill Saffron 2 at their risk with their cash in return for share of profits, it was, however, subject to WTI remaining over $35 for a substantial period .

I'm not privy to the chats between Stena and BPC but, as mentioned earlier, finances of BPC were well known as was the drilI affordability I do think it's likely Stena said if POO is over $x and other conditions remain same we'll throw our hat in with minimum $x million, max $10 million but we're not disclosing our final stance until nearer the time hence the flexible rns .

We'll know all soon - trolls can say it's worth nothing unless it's in a rns - Koot proved Dross wrong by actions - he was confident cos he had established relationships with contractors - troll dross never apologised for getting it wrong !

Krapper - without a BOP will you be in pieces by the close with the SP performance?

onlybpc - I'm seeing lots of CFD adverts with wealth warning over 70% of clients are LOSERS - it's no wonder trolls seem very desperate at times - poor old dross closed out whilst pooing his pants just the other day !

Dross - unfortunately you have real difficulty thinking outside the box which is why you foolishly persisted with the assertion that Koot wouldn't be drilling Saffron without a Placing and lost all credibility.
We don't know all the chat that went on when Stena took the job - they clearly knew BPC financials then and worst case scenario was BPC might struggle for optimum financing package by time of drill so that their assistance might be needed to smooth ball over the line - the inclusion of the option in the rns was a clear signal to the market that the possibility of their involvement had been discussed - clearly they weren't averse to the idea.

I'm not guaranteeing Stena financial involvement but seems to be in their long term interest to be in on the ground floor - wouldn't that accord with business acumen?

Krapper - for someone who claims not to read my posts you certainly seem to take a lot of interest in me !

Krapper I've never claimed that onshore SWP WILL produce like offshore Soldado but I can't rule it out like you do! You asked me to give an indication of the possibilities regarding SWP development and I've given you facts - average 15,000 bopd over 50 years Irene from Soldado which could be closely associated with SWP - recognised not just by me but by BPC in rns !

Re your challenge I don't need BPC to produce X bopd by a certain date - BPC can give their own objectives and answer for them to shareholders - not trolls on a bulletin board. I do think you're being rather hard on yourself about knowing nothing even if your troll mate Dross doesn't value any of your contributions!

This claim about the average Saffron well producing 50,000 bopd is not one that I've ever made and I challenge you to provide evidence of such a claim - sounds as fanciful as these trading losses you attribute to me - I never disclose my trading on chat boards - it's annoying for trolls like 12bn and yourself but than other my problem!

Posters owning shares generally post in support of their investment ( apart from Arryinthedock recently! ) - why do you post ( don't give me the line about saving new investors you don't know from existing investors you don't know - try explaining that to schoolchildren! ) ?

Krapper - why would someone claiming some knowledge of averages select 0 bopd as a production level for a drill with 4 target zones and an independently assessed 45% COS - schoolboy error but glad you are learning from it !

Page - do you think Stena will invite contributions from readers here for the rig naming you referred to - Krapper would probably go for something uninspiring like Definite Duster - Harry Potter perhaps Decade of Deliverance ?