Member Info for in4cedros

thechancers - penultimate paragraph of your post 14:48 stimulated me to find a Cicero quote ' The greater the difficulty, the greater the glory ' both CEOs don't shy away from a challenge - I wish them both every success - where would we be without chancers!

johnjunior- good summary with which I agree - all the better that if was offered in context.

My point of issue was that Dross attempted to undermine LK personally and the company for a very long time and was actively recommending sale of shares at much lower levels based on his Goebbelisation campaign!

Ivenoidea - thanks for that - slightly disappointed the Jaw Crusher wasn't selected from an aesthetic viewpoint - could just imagine NED telling us ' we don't muck about ere my son ' - GLA!

johnjunior - as you say people have to take their own view of the Q1 contents.

If Dross had just recommended sale at 6.6 he might even have hero status on here but he has advocated unloading at much lower levels accompanied by his Goebbels style saturation propaganda attempting to undermine both LK and CERP so a villain for most over a very long period!

johnjunior - Dross telling us ' I don't believe it ' when tackled about LK Q1 profitability claim - based on his superior knowledge of the company finances no doubt?

Everyone can take their own view on company development but why try so hard to persuade readers to believe the Dross version ?

Dross - presumably the local derampers will not be issuing cheques to reimburse the lost opportunity profits attributable to all those who took your advice and sold at lower levels.

PS I must have missed your FCA type wealth warning on all your posts - it didn't make it clear that it only applied to shareholders with, in your opinion, an unbalanced portfolio - surely an important omission!

Bamps - interesting question - I have no answer just speculation - I'm thinking CERP will probably be reluctant to meddle with any of the wells that are subject to the buy out option until the option date has passed - I did originally get the impression that only part of the field was the subject of the option but I can't lay my hands on the evidence to support that at the moment - once the option date is passed that will be a moot point

Dross - if Jim1556 was out by a few months it wouldn't surprise me greatly but you have only yourself to blame for how you are perceived - it feels like you've been trolling this for a lifetime !

rxdav - don't follow SAGA but topical comment intrigued me and couldn't help noticing your combative contribution yesterday hence the teaser!

I don't think they'll be too keen for you to write the sales pitch for the company vital cruise ships - not my cup of tea either but horses for courses!

rxdav - you'll soon be able to afford one of those SAGA cruises to help them out !

ATB!

Colonel Drake - Dross just assumed. a position and he has to persist with it now, at least on this board, as he still has a chance at success if the results euphoria subsides. Clearly if the results maintain progress he will have lost huge credibility and future attempts to Goebbelise here will be treated with derision.

You are right to highlight the opportunity loss from the 2.5p levels when risk appeared reduced - you have to wonder why he piled into AMER ahead of a duster whilst warning the world and his wife about dangers of same with CERP then linking us to his hero Paul Baay of TXP claiming 65 duster free drills in Trinidad.

As I've told Irene no one guarantees success of new drills - people have to make their own minds up about the risk profile - if CERP fail it would be disappointing and they would need a few days mourning the loss but the company would survive and will almost certainly continue growing organically from the 6 field base - a long way from the old Shyte or Bust days.

Finally re Dross I've no problem him taking positions here - lots do - I just find it insulting to the intelligence of readers here when he promulgates the succession of misleading tales to support them based on Goebbels saturation school of propaganda!

Lordsim - a few of us have been officially filtered by him so we have Golden Tickets to reply without him responding - although there have been a few instances of him appearing to peek!

Dross - you posted the article from Paul Baay - a few days ago you were telling us how he was giving a ' masterclass ' to LK - why post spiel from your hero and then argue with him about Exploration success in Trinidad - next time if you're going to deramp post from AMER CEO who recently presented you with an expensive duster - presumably you studied COS very carefully and warned the pants off anyone who would listen on there before you dived in!

Wraith - I had another listen to the 09/01/2019 video on the CERP website and LK does reiterate the drilling timetable of mid year and that they have the cash from own resources to fund it.

There was another segment in the video for your new friend IreneKrapp talking about the scale of SWP exploration in terms of comparison with the offshore fields in the vicinity -- if she wants 100% COS I believe she should look elsewhere although with the research and known production from the vicinity the scenario is salivating for those prepared to take a reasonable exploration risk. With CERP it's not even Shyte or bust anymore as the existing 6 producing fields are the basis of sustainable development for the future.

Irene - seems like you've been flicking through your Post Office book lately reflecting on FOMO but I don't think anything's changed to comfort a no risk investor to buy in here - even troll Dross takes a risk sometimes and backs a duster with AMER !

Irene - troll 12bn over on the other board is always on about £4 million a year losses - I'm looking for a substantial improvement there having regard to increased overall production and more profit per barrel from SD fields but you may have your own agenda - are you still looking for guarantees before you invest ?

Dross - probably LLL surpassed your AMER trade - after that duster you wanted to warn all newbies about exploration risk but you only got as far as the CERP board !

wraith - I'm impressed you stuck with it and produced your evidence- it's quite clear from the video LK was referring to the Predator arrangement derisking and I'd like to see Dross arguing against what LK was saying there as CERP either get $4.2 million soon or 50% of production, after costs, over a longer period.

Most of us will remember Dross ' CO2gate ' recently where he posted LK's words in his post without attributing them to LK to attempt to stir up trouble but most people saw through the ruse - quite an odd way to behave.

At the end of the day I don't know anyone who is guaranteeing Stellar performance here all I see is a bod with plenty of experience and good reputations in O&G trying to build a sustainable business from high potential assets - I don't see the justification for the saturation attacks on CERP and the management from Dross seemingly only to get a lower entry point - he seems increasingly desperate and even the cash burn is down to a light smoulder these days!

Dross - same old same old from you - he didn’t badly misjudge Goudron - he attempted to increase production in a number of innovative ways breaking the cycle of drill, deplete and Placement and he’s implemented water flood pilots at low cost - he had higher hopes for Goudron but he’s now decided it has to take it’s place in the pecking order for new cash - seems sensible to me - I don’t recall he guaranteed the magnitude of success - still producing worthwhile amounts oil at the last rns!

If LK had Spain’s number from day one he would have closed it down immediately - your deduction isn’t supported by the evidence as he expended lots of cash on keeping the site going had meetings with potential partners and put in a new license application - but don’t let those details interfere with your version of events. I supported his efforts to get a new licence but I don’t blame him for failing !

You seem obsessed with attempting to undermine LK and one of your little tricks is to set your own targets and then agitate about them. Cash burn has been your flagship - I don’t know how much the new developments have cost so I don’t worry too much about the size of the cash pile as long as it appears feasible to afford the first drill in SWP- I may be pleasantly surprised as the LK claim in the last rns about profitability was quite salivating - but you’ve told us you don’t believe it ( because you know more than LK ! ) .

Let’s wait and see Dross!