Member Info for in4cedros

Chesh - I'm not suggesting any collusion between these 2 companies .

Really glad this investment is working out for you now, you've put in a good shift - trolls seem to be straw clutching now - must be very frustrating seeing the SP racing away when they could have bought in the 2's !

LexLucre - MEEI figs are available on Gov website - Dross shouts them from the rooftops when they suit the troll case but keeps quiet about them when the trend is positive.

I don't expect significant change in overall figs until Saffron produces - LK and Paul Baay have been very vocal in lobbying T&T Gov to revise SPT and both have quoted said tax as a disincentive to up production lately - let's see today if they get a result. TXP even got into a complex oil price market deal to mitigate effect of SPT - all at a price!

LexLucre - glad you've rowed back from questioning LK 's honesty - still a bit desperate to be majoring on updates - even Dross is keeping quiet about that since he noticed the MEEI figures showed an increase in the last month - trolls need to keep up - why was it you didn't buy in the 2's ?

Z2Z2 - obviously you struck a chord there! - as I said before Dross has been telling us for almost a year Placing Placing Placing before the SWP drill - people who took his advice to ' de risk ' from this at those prices have lost money - PONY UP THE COMPO DROSS!

Looking at finances additional funds will be needed partnering / placing and borrowing have been mentioned by LK - no one, except trolls, are pooing their pants over it !

Interesting Dross is so bitter now he's even trolling Suriname deal at this embryonic stage even though it seems close to a PSC dream contract - just a bad loser !

Irene - if I may summarise only Dic k Heads feel the need to waste time discussing the fine detail of a plan in it's embryonic stage.

As I've already said the arrangement appears to have great potential- if you disagree tell us why LK shouldn't have signed up . BTW If he was buying a field with existing revenues and profits do you think it would have been available for a purchase price of ZERO?

Irene - are you serious with those questions - utterly pointless - who is making any claims for it except it has the hallmarks of a well negotiated opportunity- it's not risk free so it won't suit you - for a more realistic idea of what ' Playing a Blinder ' means why not watch Cillian Murphy on Peaky Blinders Catch Up ?

Irene - it's difficult to know where to start with an explanation to you as your aversion to risk is so low I've regularly characterised it as Post Office Book - having such a mentality is not, per se, a bad thing it's just not compatible with investment in CERP where the management are encouraged by shareholders to go for high growth.

For readers here with a genuine interest I'd suggest that acquiring a PSC without an up front payment with reasonable MWO on known oil producing area is an exceptional achievement. It looks to me that LK has probably presented the negatives of Trinidad PSC system, including tax, to formulate a mutually more beneficial contract. ( I'd be interested if anyone knows the ' R ' factor definition in the contract mentioned in the rns? ) .

BTW Irene on a historic note your mate Ritson paid capital for the Goudron IPSC!

LexLucre - you refer to ' the apparent cash shortage ' as if this is some revelation to readers here - where have you been? - it's been discussed on a regular basis - without significant impact on the SP - probably because LK told us almost a year ago that he had funds for the drill and thereafter would have to consider funding for development by partnering /placing or borrowing.

Your mate Dross has been telling us funds were inadequate for close to a year and urging LK to Place for most of that time - all for the benefit of shareholders here, apart from the time people paid cash for him not to post !

What's new about funding that you want to discuss on here ?

Dross - too late to change your sweepstake entry now !

Even if the UBOT-1 had been a duster in 1936 LK would almost certainly have still decided to drill Saffron because he has amassed a fair bit of additional data since 1936 - I don’t like to mention it much but this area is not a million miles away from the legendary Soldado fields - yes Dross they’re offshore but I don’t think the dinosaurs drew that distinction when they created the deposit !

Lexlucre - seems like Magoo is enjoying converting you to mulch at the moment and he’s not the one questioning the honesty of LK - a point raised by Emily to which you haven’t replied - are you sure all this is worth it just to get a SP which was readily available to you whilst you were in the dithering phase !

Dross - is it any wonder that people suggest there may be a connection between you and Lexlucre - he’s certainly very pumped about missing out on the lower SP !

In between the beach huts and the sunbeds?

Once old Dross gets the idea of a Placing in his head he'll plug away at it every 5 posts just to suppress any latent positive energy and that's when he claims to be invested - it will be a while before he requests cash from you guys in return for him not posting like he did on CERP - he's a class act !

Lexlucre - most people are aware a cash raise is possible to cover a litany of issues and LK hasn't ruled it out although he has said the drill can be afforded and they will review options thereafter, including borrowing and partnering.

Dross has been pooing his pants about a Placing for close to a year despite being told by LK and big MJ they are funded for the drill. Clearly those who are bothered about this aspect should wait for clarification but try not to spray diarrhoea like Dross - just ask Dross to finance the extra cost of your delayed entry !

Apologies Dross, Wendy's top fan had 25 bopd you were more optimistic by a barrel a day !

Dross - shouldn't you have done your research before you suggested 25bopd?

Vmax - oh that's disappointing - I wasn't even claiming the commission!

Vmax - sounds like you need a new challenge- I've found the dream job for you over on TXP board!

Lex - you should be thanking Dross for keeping the Placing idea uppermost in peoples minds - just imagine what he’d be saying if he wasn’t a committed investor hahahaha!

thechancers - if Dross just wanted to be part of the conversation he could do that without issuing sell advice, telling people Placing imminent for close to a year and requesting cash payments in return for not posting !