Member Info for in4cedros

Hi Chesh - hope you're well - lots of new bhoys on the block since merger - might even suggest transformational changes to the dynamics of this board!

Offerman - best wishes for the future - your posts were always refreshingly enthusiastic and earnest!

Difficult to know what's really been going on over the last few years but the constant financial juggling to make the big breakthrough of financial profitability for CERP seems to have worn the management down. I liked the idea of onshore drilling with lower costs and environmental risks and although CERP was always a share in the higher risk band the spread portfolio was a comforting factor. If the P1 drill fails CERP assets will be the fallback position but CERP will have given away around three quarters of the company so no popping of champagne corks in that scenario.

Unfortunately due to lack of info I have to believe all the arguments were properly weighed and this is the best way forward - ATB Arry!

Sharegnomie - Lk actually stated that the reason he went for the deal was that CERP holders would not have cash but a continuing stake in Bahamas including all the CERP assets - some might say Bahamas weren't prepared/able to offer a cash deal but that's irrelevant now .

Logic suggests that those who bought CERP at higher prices are more likely to vote for the deal as they maintain potential to make money in future if the investments bear fruit - they would have to be brave to vote against bearing in mind BOD are supporting the deal, many giving up long term employment in the process ( with compo! ).

Krapper - 0 bopd forecast for Saffron!

Someone who writes the above, is actually expecting to be taken seriously- ROFLMAO!

LayLadyLay - it was a ' contingent ' payment and I'm not aware of the terms but BNPP are and I would have expected them to formally request payment, when due.

Whilst you're checking can you ask if the milk bill is up to date ?

Krapper - ( Hint - more than 0 bopd haha!)

LayLadyLay - Reflecting back on ridiculous judgement calls such as 0 bopd I'm thinking yours was worse - you thought the company would not survive so current MC suggests huge mistake and even with more dilution it's still going to be a mega mistake !

LayLadyLay - re Irene - clearly she was wrong with her 0 bopd - Chesh has said, like you she is part of the furniture - the bathroom - and we like to flush the POO occasionally, although with WTI sustaining $35 the bouquet is growing on me!

Neon - Yes at least Dross originated some provocative arguments in his time, which did involve him in doing some research into the Company - not just moronically asking how many bopd?

Didn't know it was fish at the time but gave him a preparatory battering right from the start #Gr8 Expectorations !

LLL - you forgot to mention the extra share issuance if PRD pay the $4.2 million on exercise of that option - I still can't believe how you've viewed that as a negative historically - did you forget or have you wised up?

Irene as it's a slow day today I thought I'd develop your observation about rampers being amateur psychologists ( your post 31/05//2020 16:28 ). To this end I decided to surf Dealing With Psychopaths as it crops up often over on 12bn's advfn thread - the result was:-

If you must deal with psychopaths try these 5 strategies:-

Keep your emotions in Check. No matter how frustrated or upset you feel, keep your emotions in Check.

Don't show you are intimidated

Don't buy into their stories

Turn the conversation back on them

Opt for on-line communication wherever possible

I've actually been following this strategy with 12bn for some years now and he has recently unfiltered me and quite often alleges I'm angry or upset ( just because I robustly respond to his tosh !) - I do reassure him I'm not angry or upset cos that's the truth - I respond to him and the trolls on here for personal pleasure and amusement - looking forward to your next prediction of 0 bopd Irene and your moronic ' how many bopd will we be producing in 2099 ? ' LOL!

Debbie - luvin the linking !

Chesh - may I recommend you watch the film Great Expectations on YouTube on one of your days off - I thoroughly recommend the original black and white version - I believe it's one to the top ten films ever ( for old foggies) - great characters - some larger than life - a bit like on here LOL!

LLL - Bamps was invited to post on the ' non-nutters ' thread, 12bn and me slog it out on the other thread ( as naughty 12bn was banned from it and created his own ! ) I'm prepared to debate with all sorts and I'm looking forward to cerebral exchanges with Bamps as well as dealing with negative non shareholding trolls like yourself.

I enjoy my exchanges with 12bn - it's a form of community service and it hones my skills having to deal with such a bigot - he's recently stimulated me to publish NYMEX oil future prices to demonstrate that there is plenty of confidence in the market going forward for the next 2 years that oil will sustain $35 per barrel - people don't have to just take my word for it !

Or trying to ' Haversome ' shares on the cheap - this theme may have legs Chesh !

Deb - I've already got the PIP with him !

Gr8EXPECTORATIONS - interesting first post - are you Irene's mum by any chance LOL!

Magoo makes the simple point very often that the non invested trolls seem to have much more to say when the SP is in the ascendancy and that they have been very wrong about this share very often, including Irene predicting 0 bopd for Saffron - the real result for SHAREHOLDERS was the intelligence gathered which was strong enough to convince the drilling team to finance and assume the risk of Saffron 2 !

Oh dear Irene ' trying to suppress informed comment from other posters is NEVER a good thing ' - ROFLMAO - from someone who's no stranger to the filter button !

LexLucre/ LLL - Scanned yesterdays posts and noticed you both had emergency Pampers deliveries seemingly in reaction to the latest Saffron drilling rns!

If, as non shareholders, the absence of recent production information is such a worry for you I'm surprised as long term trolls you didn't consult the Trinidad MEEI government production statistics. As you know CERP contributes more than 75% of the IPSC section so it can be seen that production is pretty stable.

As LLL knows very well LK decided to limit CapEx on Goudron pending a new contract which we are told, in rns, is likely soon. That production at Goudron appears to have been maintained without new drilling suggests pilot water flood is likely to be helping pressure at the field which augurs well for the future don't you think?

The production levels and prices suggest to me that when accounts are issued there will be heavy losses shown and I find myself agreeing with Irene that they will be backward looking because the real story, which LLL even appears on board with now, is development at SWP. CERP have plenty of cash at the bank but outgoings will continue to exceed income for some while into the future and I wouldn't be surprised if further capital was raised to fund development over the next 12 months in many areas, for example I'm expecting new Goudron contract will include MWO!

Hope this helps, and just in case you're wondering if I'm bothered about any extra shares being issued as a result of Predator exercising the TI option for over $4 million let me put your mind at rest - I'm not - and I'm surprised if you think ANY SHAREHOLDERS are !

Hi Offerman - thanks for the mention - Arry sends his best regards - still slugging it out with 12bn on the other channel- some people have soul mates - we are like sewer mates LOL!