Member Info for in4cedros

Horseyhead - the terms of the BNP deal were very attractive but disastrous drilling results decimated shareholder value.

The company is now well founded and should be able to grow production and value with the excitement of the SWP drilling as a kicker - I've not joined the Post Office Book Waving Brigade but my preferred option is wait and see how the first drill works out then negotiate options for the future from greater strength.

BTW TXP CEO was drawing attention again to SPT in Trinidad and his hopes of changes in March budget - he stated he was deferring some expansion plans on that basis - looks like the lobbying has built up a head of steam !

Troll Irene - surely if you believe my ramping is actually having the opposite effect you'd be encouraging me to post more often rather than filtering me!

I take comfort that even in the depths of your trolling you concede that ' Leo and his colleagues are an impressive team ' - so they are clearly managing the company effectively even if the SP is not reflecting the full potential at present !

LayLadyLay - I believe I might be close to understanding why you choose this board as your outlet - working at the job centre has to be very tense for you, knowing that if you get fired you still have to come in the next day !

LayLadyLay - coming soon - LK to reveal weapons of mass production ROFLMAO!

emily - it's been posted more than once - I've got it hanging over my bed - but, to be fair, Dross posts his Placing Bullshyte 10 times more and that's just his wishful thinking, ignoring the CERP cash pile and cash generation potential, absolutely contrary to the stated company view!

LayLadyLay must be very busy with his CO2 research as he's struggling to find an article to post about WTI falling off a cliff!

BTW LayLadyLay - the other Trolls are very upset you have disregarded the round robin that told you I should be filtered cos when Trolls take me on it doesn't help their case - I must admit I was a bit surprised when you came up with that CO2 undermining argument - Dross tried it and we all had a good laugh then and that was only weeks ago!

LayLadyLay - they clearly perceive value in the company fundamentals and are disregarding misleading Troll's saturation posting - I can't help it if your strategy isn't working - I don't control the SP but I can spot the BULLSHYTE!

Dross - if he had Spain's number from day 1 why didn't he close it straight away and save those ongoing costs - it's your favourite hobby horse but the EVIDENCE doesn't support your scenario!

When you say he has Goudron's number I agree he certainly is more aware of the issues there gained by attempting various measures to deal with them - I certainly support those attempts - I wouldn't have been impressed if he'd have just said Goudron wasn't worth bothering with - everybody remembers how you enthusiastically supported his efforts for a long period of saturation ramp why didn't you say initially he shouldn't bother if it was that obvious?

Daz - par for the course with him - he doesn't like being challenged though - I'm moving up the odds on you being filtered !

Daz - the last rns suggested there would be more emphasis on profitable production rather than absolute production levels and as the non IPSC fields are better earners per barrel that's the way I see it going - however using the term ' available evidence ' is usual Dross BULLSHYTE - outsiders don't know the detailed development plans for Q1 - except what was in the rns, which notably referred to imminent drilling of a fully loaded compartment on South Erin.

It could well be that taking account of the profitability issue overall production could well be substantially up - the claim by LK about covering all group costs in Q1 is a big one - as the Trolls are always on about how production is barely profitable that suggests an absolutely huge rise in production for Q1 - they can't have it all ways although they do try !

Reputational Risk for LK is significant but for the Trolls it's nothing!

Dazbrad - pretty much what I think - Irene tells us ' Leo and colleagues are an impressive team ' - I'd be interested to see her develop a similar case for NR !

Irene - Leo and colleagues certainly living up to your impressive team statement !

1750mk1 - thanks for your information.

rossannan - ' implying that I don't really believe them and that they are just a means to an end ' - this coming from someone who recently posted LK's quotes in his own post deliberately without attribution to try and encourage adverse comment so you could use that in your Goebbels style campaign of undermining!

You talk a lot about delusions - have a good look in the mirror!

1750mk1 - below is a quote from rossannan on CERP 08:14 today. He is an established Troll but I don't object to fair comment especially when it's evidenced.

Is his characterisation of Paul Baay correct with regard to the Placing - had he ruled it out ?

rossannan 08:14 ' And how often have we seen an AIM CEO rule out a placing only for one to suddenly appear '.
' Thank you Paul Baay of TXP for taking the time this morning to illustrate that specific point ang generally how marginal it is for oilers in T&T '

rossannan - I know nothing about TXP but 1750mk1 posted 07:51 today ' not to mention PB clearly didn't rule it out in the recent conf call ' - which suggests that questions were already being asked about future drilling finance - did they a big cash pile like CERP - when did Paul Baay rule out a Placing ?

Are you going to correct the poster on TXP and evidence when Paul Baay ruled it out ?

Dross slipping into overdrive Goebbels mode - 3 times today already ' if you repeat a lie often enough it becomes accepted as truth ' last one ' failure to address ' is biggest whopper of the day!

dr.koi - BOD are getting shares at 5.1p so at the moment it's accretive for the rest of the shareholders compared to the alternative of shares being granted at market value but no tears for the BOD they knew the risks!

LayLadyLay - whilst we await your presentation on CO2 economics I thought the quote from Predator rns dated 06/12/2018 might be of interest:-

'Economics over the initial six-year life of the project incorporating available tax losses, indicate a break-even WTI spot price for the CO2 EOR project of 27$brl.Incorporating capital expenditure, for which the company is fully funded, the break-even, Enhanced Oil Production rate in the first year of production is 110 bopd at a WTI Spot Price of 55$brl.'

I know you worry a lot about grown ups taking investment risks and as Predator management owns 55% of the shares there you could present to the majority of shareholders by just turning up at the next AGM and perhaps telling them they are a bit foolhardy taking on such risks on those figures - they might consider you a bit odd but you must be used to that by now!