Member Info for in4cedros

PS to my last post - credit to BigSi2 on the other channel, who provided a link - Viridien have recently reprocessed some legacy seismic relating to blocks to the east of OFF-1, OFF-2 & OFF-3 and are offering sight of it. Presumably this would require a financial contribution but I haven’t asked that question. ( CEG paid plenty for their data)

Almost - diplomatically put - you’ll go far!

Personally I don’t have a technical answer to that because the other Majors haven’t, to my knowledge, published why they believe their areas have potential, except the general “ Conjugate “ theory. I could speculate, like many trolls, they didn’t want it because it was a BP cast away but it’s more likely they have more positive reasons in favour of their particular choices.

Interestingly the BP legacy works in favour of OFF-3 because good seismic already exists which CEG has improved with the aid of technology. CEG have already announced this has enabled them to pinpoint some areas of particular interest and those participating in the data room stages will, presumably, get to study the specifics.

This contrasts with the Majors blocks where, as far as I’m aware, they are still awaiting results of a shared survey. Can’t rule out there are Majors out there who didn’t fancy the scramble when the licenses were made available but may take an interest based on updated seismic.

Eytan hasn’t got into top gear ramping OFF- 3 publicly yet but he’s probably shared plenty of information with his fellow directors so the Sintana boss is in the loop and he seems happy with the overall bargain.

Delighted to hear from other posters on the merits or otherwise of OFF- 3!

Almost Mongolian - you aren’t alone with your view about oil juniors not delivering farm outs on time! On this board we had something close to TDS, I’ll call it EDS, because of delays on OFF- 1 culminating in this sort of exchange :-

n4cedros

Posted in: CEG

Posts: 6,196

RE: Sintana

13 Oct 2025 22:04

JohnBriggs 

Posted in: CEG 

Posts: 1,807 

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. 

Briggsy, to be honest, I’m rather sad to see just how delusional you’ve become - above is your legendary post in full. You’ll note Sp is up 137% ( adjusting for Consolidation ) since February 2024 - I doubt many shareholders are complaining about that! 

Far from leading people up the garden path I’ve left readers to draw their own conclusions by debunking the tosh promulgated by yourself and the disgruntled cohort. 

Regarding the merger terms I’m not surprised at the numbers - people who don’t like them can sell out now, most with very comfortable profits. If you believe they aren’t generous enough logic suggests you believe CEG is worth more - that’s something you’ve kept VERY QUIET about since the transformational Chevron deal - seems like my posts have been far too convincing LOL

OFF- 3 achieving a farm out is not guaranteed Eytan is going through the process. That block is far from a blank canvas - it’s got good seismic which has been reprocessed at CEG expense with interesting results, given the current enthusiasm for Conjugate Orange Basin theory. BP gave it up before aforementioned theory took hold at a political time when they wanted to be seen to curtail new exploration activity.

You guys are also getting a hefty stake in OFF-1 with hugely subsidised development expenditure plus the cash in our treasure chest - got to be worth something - the respective CEO’s, with best information, have agreed the terms. Everyone will have their own view - arguably aggrieved Sintana shareholders should be piling into CEG before the suspension?

Rascal - many thanks for fleshing out your experience. I’m sure much of your frustration is shared by many of the employees and stakeholders who have daily contact with the project.

Winston Churchill is often quoted “ better to travel than arrive “, but now google tells me it was RLS - nevertheless the quote is relevant for share trading/ pricing. It could mean here that once the project is showing as fully funded analysts will place more emphasis on the future value of the envisaged profitable income stream and increase target SP. In other words, I speculate, you may not have to wait until the product is being mined for a SP benefit.

I’ve no idea who may be interested in partnering - but if they were to attract another investor I do believe there would be a fairly instantaneous fillip to the SP.

The great thing about AAL is they have both appetite and experience for big projects. They could increase long term fixed rate borrowing to finish this but because of the takeover scare BOD need to be careful they don’t make Company vulnerable to opportunists!

It’s a watch this space situation at the moment.

ATB!

Abdul - regarding your question in respect of AIM trading may I refer the honourable poster to my previous post urging him to read the RNS dated 09/10/2025 - all is revealed there!

Almost Mongolian - I’m thinking that many of the readers here would be very cautious about clicking on to a site recommended by someone who’s just joined LSE.

Stewart - if the questions were genuine hopefully the answers would be helpful. In the event they weren’t ground has been prepared for future responses. Trolls are my oxygen!

I see you’re having some good exchanges over on the other channel, updates on Galp/Mopano of particular interest.

Abdul - sometimes less can be more! It clearly depends on how the future unfolds.

I genuinely believe the best investment you will make is to invest in yourself.

The question you have asked would, almost certainly, be covered in the early chapters of a book covering basics of stock market investment. Such a book would also cover the concept of investment risk, some shares carry a high risk of losing most/all your money Abdul! We often see posts on here from disgruntled people who’ve lost lots of money because they didn’t understand the risks involved.

Abdul - I’m not sure how you got to 0.45 from grolly’s genuine attempt to assist you. As it happens he rather undersold the deal by making a typographical error- should be 0.4705!

Best for you to read the RNS dated 09/10/2025 yourself or in conjunction with your financial adviser.

Good luck for the future!

Rascal - good to hear first hand accounts. Having viewed the consultation site I’d anticipate the “ events “ to be a pretty much tick box affair dealing largely with the tidying planning issues.

I remember very well that planning in the area could easily be described as something of a hot potato so it’s good the company have addressed it seriously. They’ve not hidden the significant employment created and that the company is solid enough to slow development.

This is an absolutely huge asset of the company in terms of cash already spent and I’m pretty confident it will be completed - less well capitalised companies would be subjected to daily focus on costs/delays to impact the SP.

I’m disappointed you weren’t able to be more positive about your experience. I’m not sure what your expectations were but I certainly didn’t envisage this would be about proclaiming a date for accelerated development, which I believe will happen, when the time is right for the company.

ATB!

Circa 50% over 3 months is probably no disappointment for most investors but nothing wrong with being aspirational Boozie!

IK - poor show Briggsy didn’t respond to your invitation - seems like he’s too busy with his calculus so in that spirit I’ve decided to “ cosine “ your post!

He’s getting increasingly tangential these days - it could be a long wait for a sensible post, almost as painful as passing a renal calculus!

Briggsy - if it’s a laugh you want just reread your own quote from just before the transformational Chevron announcement of subsidised development at OFF-1, not to mention $12.5 million cash - no wonder you’re always sucking on a lemon!


“ 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 ”!

Sam - thanks for the numbers. Difficult to judge general mood of Sintana shareholders as it is usually the more passionate individuals who make the running, whereas the silent majority can often prevail at the ballot. ( I cite that for last 20 years many U K voters would not disclose to strangers they were Tory voters! ).

If I wanted to spin it for them I’d say if you’re that confident about the prospects of The Conjugate Orange Basin passing up only 25% in return for a 40% share in OFF-1 and potential of OFF- 3 is a terrific trade! We’ll see how it unfolds, first step is CEG vote.

BTW many thanks for your contributions here - you’ve always been a welcome, knowledgeable, contrast to the disgruntled mud slinging cohort!

Bigmj - real blast from the past hearing from you again on the chat board ( he’s a survivor from the LGO/ Columbus era! ).

Excellent analysis - glad you’ve been able to salvage a worthwhile holding here.

ATB

GarryGraham - tad ungrateful to Eytan aren’t you?

This man saved your company after that failed drill yet you’ve been whinging and whining about your leader for months carping about the administration run rate and what happens if matters don’t progress with best case scenarios - now you have the opportunity to exit on substantially better terms than were available three months ago, with a good profit on your post drill new shares!

Think about it Garry - wouldn’t you be happier investing in a company where your perceived interests and those of the BOD were better aligned - you might even bring yourself to post positively on chat boards!

Apologies to grown up investors where there is a genuine debate to be had about merger values and potential prospects!

Cancundude - thanks for keeping us informed. I very much doubt there will be any change to the terms but your actions are clearly your prerogative.

Regarding “ fairness ” if you can guarantee Sintana will get a fantastic farm out shortly and guarantee that all CEG prospects will fail miserably I’d agree the terms are too generous to CEG but clearly you can’t, neither can Robert Bose. On the contrary, it seems like he’s driving this with intimate knowledge of both camps!

Crazy - adding to your list is saving in CEG staff costs.

There used to be a cash burn of around $2 million per annum, much being executive pay. It’s speculation on my part and a delicate area but it seems like there are jobs for some but not all in the merged company - unless the continuing staff are getting a pay rise logic suggests there should be running cost savings.

If anyone knows the details here please share.

JohnBriggs

Posted in: CEG

Posts: 1,807

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.

Briggsy, to be honest, I’m rather sad to see just how delusional you’ve become - above is your legendary post in full. You’ll note Sp is up 137% ( adjusting for Consolidation ) since February 2024 - I doubt many shareholders are complaining about that!

Far from leading people up the garden path I’ve left readers to draw their own conclusions by debunking the tosh promulgated by yourself and the disgruntled cohort.

Regarding the merger terms I’m not surprised at the numbers - people who don’t like them can sell out now, most with very comfortable profits. If you believe they aren’t generous enough logic suggests you believe CEG is worth more - that’s something you’ve kept VERY QUIET about since the transformational Chevron deal - seems like my posts have been far too convincing LOL!

Thanks for your post there are plenty that genuinely appreciate the information but choose not to regularly post.

You’ve rightly focussed on similarities but I’m thinking Sintana can’t boast the CEG cohort of disgruntled investors from a failed previous drill - people who were told COS was quite low but rolled the dice anyway, figuratively using the following months rent money! These people are still hanging around getting more and more frustrated as now successful CEG SP meteorically rises