Member Info for jono44

Better not 'buy' any more as yours dropped the sp, mechanics of the market who would have thought, usually sells drop price not buys.

God loves a trier.

IG,
You just sold your 25k in Canada didn't you and your trying to say you bought more.
Been waiting for your barclays sell to show and there it is in 3 trades.
Take it you still holding a few here and need help offloading, why don't you state your transactions on lse like you do for tsxv.
God loves trier.

sc,
Got to give you credit for your post this morning.
A lot of questions that do need addressing.
You have stated here before that the bod do read this bb so maybe they will answers some of your queries.
By end Sept some of your questions will have been answered but the extent of which might not be to your satisfaction but good to see that you have questions that you feel should be answered by the bod.
GL

Antha,
Your assumption might not be far off the mark.
This often happens on aim especially with companies like ceg.
I really cannot understand why someone would invest in ceg at this time until the funding, final Results and clarity on their ability to settle all outstanding bills, and the actual paying of these bills.

Also a statement on current production, the ceo must be aware of the exact amount and it would be good to share this information with shareholders to put their mind at ease or not.
September might be a defining month for ceg and it's shareholders.

sc,
Still feel the need to shout, not a good sign.
For the record I'm stating the only facts available about the $2.9m the Bahamian govt has publicly stated that ceg owes them in licence fees.
Ceg might dispute the amount but have not stated exactly how much they believe they should pay or the amount that the govt refused to accept.
You seem to think that $500k is the amount due and even if that is the figure they agree on it is still money that is owed.
Ceg is in a very precarious financial situation, whereby there is a doubt as to whether they have or will have the funds to settle all their bills, not something to be ignored.

It wasn't a good result with S2 as the 81 bopd is quite a bit short of their estimate of 200/300 bopd they were hoping for to get the funds for further development.
Also the fact that the 81 bopd might only help to prop up the declining production from other wells so there might not be very little if any increase in production.
Like it or not facing the facts is hard but but ignoring them is something I'm sure you will continue to do.

Expect some form of funding soon but whether it is going to be for further development or just working capital, time will tell.
The delayed results are only up to dec 2020 so it will be interesting to see if they give a update up to June 2021 as that would be more beneficial to shareholders again time will tell and is only days/weeks away.

Also just to say I don't find your posts annoying just misleading.

sc,
Firstly there is no need to shout.
OK for
a: maybe I misread your deep whatever about lombard payments, maybe I never, but pointless debating it.

As for b:
I don't think anyone can be of any doubt that a payment for the licence fees are due.
As far as I know bpc/ ceg sent an amount to the govt in relation to the fees but the govt rejected it and now they are in discussions over the amount owed. So ceg obviously think that they must owe something or why send a payment in the first place.
As to the amount owed it was reported in the press, Tribune242.

"The minister, who could not be reached for comment yesterday, said on Wednesday that the government would not even consider the renamed Challenger Energy Group’s application to renew its four southern Bahamas exploration licences for a further three years - with an obligation to drill another exploratory well in Bahamian territorial waters - until the outstanding fees were paid.

Mr Ferreira asserted that Challenger had not paid its seabed lease fees since 2017, a sum that had reached to over $1.9m as of last year, with another $1m already owed for this year to-date."

So I have no doubt that Bahamian govt officials have the same integrity as say our own in as far as
I swear to tell the truth the whole etc etc.
The fact that ceg have not stated how much they believe they owe only leaves the figure of $2.9m as qouted.

Bozi,
Without going into to much detail but reading the rns's that included current production rates and then adding the new wells that came online during 2021 production didn't increase as it should have, 2+2 was only giving 3 instead of 4 if you see what I mean.
Basically it had to be that the production from existing wells was decreasing.
And now even though revised yearly average rate has decreased by 400 bopd per day, I think the concern should be that current production is 1817 bopd as 4th Sept.
Hope that helps.

Wolf,
I'm not gloating but not nice to be spoken to in the way I was and thats why I posted this morning.
Good luck with your top up.

sc,
Just reading your weekend posts on financials.
Never seen any mention of the money owed for licence fees, $2.9 m, or has that been paid.
Also when did lombard get paid their $4m.

I mention declining production was happening in early August but was told to

"I think you are a little confused why not have a lie down and do some research before spouting such garbage . Thanks"

Well looks like my research was correct, people should learn to read rns's as the figures were out there and I wasn't deramping but stating the obvious.

The sp was falling for a reason, it's aim and obvious some knew of declining production and sold.

Unfortunately bpc/ceg has proved to be a very costly investment for many pi's.
Some will hopefully learn from the experience and go on to be better investors, other sadly will never get to that point.
The ability gained thru experience on how to read an rns and see exactly what has been written will make for better investment decisions.
Todays rns is a good example of being able to see exactly what has been stated and what hasn't been stated, also the way is has been written.
Expectations once again have not been delivered.
Thumbs down from me, and can't understand why someone woukd give it a thumbs up.

If they wanted to regain any credibility thru interviews then doing one with Mathew Gordon from Crux investor would certainly change my thoughts about them.

Just let's say that Mr Gordon would not hang back and has been very beneficial to me in my "dyor".
But it won't happen because he doesn't follow a script like pro or malcy.

Tech,
What did your research tell you about Wayne Isaacs, apart from the bio published by zeb.

For goodness sake is it any wonder people lose money.
There will be no farm in.
There will be no takeover.

These fairy tales need to stop.

Some people should seek professional advice, instead of giving it.

I can't believe that people are still buying in here.
Today's rns was bad really bad, but it isn't the end of bad news.

Funding, company finances are next stumbling block.
God knows what shape or form the next brilliant funding agreement the ceo will pull out of the hat. But rest assured it won't be in the best interest of shareholders, 81 bopd ain't going to fund any more wells.

And then the delayed results at end of September, it only gets worse.

And don't believe the Black Knight, or you will lose more than your arms and legs.

Take it that's you sold out now IG, timely post just after the £25k sells yesterday.
So zeb dropped 40% today, no trades here today, ramp done profit taken.

IG, don't believe this for a minute

"The fact that the management are aligned with shareholders i better than most AIm company's. "

The real fact is the management own/control the majority of shares in uru and that is not healthy for shareholders.
Also the fact that management are the biggest creditor is also not a good sign.
Because if uru folds the creditor(mnagement) gets the spoils which is forza/zeb, shareholders zilch.
Who controls forza, Yep got it in one uru management.
Ducks all being lined up.

Anyway better keep ramping/selling don't want to become a lth do you.

Page,
Just for clarification I do not believe you can say that ceg have sent a cheque for the outstanding fees when the govt say otherwise.

"They’ve tendered what they say the amount is, but we don’t agree. We’re now engaged in discussions that we call a reconciliation. I inquired of my senior officials and am informed that there remains a difference of opinion. BPC has tendered what it says are the outstanding license fees. The parties have now embarked on a reconciliation process in an effort to settle the dispute.”

So it seems to me that ceg sent a cheque for less than the amount owed, take it they also stated why to the govt, but the govt has refused to accept it.

Looks like it's a bit of bartering will go on but it doesn't help shareholders.

Page,
You forgot to mention the fact that bpc/ceg still owe the govt $2.9m in licence fees.
So have they in fact met all their obligations.

Yep just ignore anything negative, bad investment advice.