Member Info for Lancygeo

If I remember correctly Leo’s plan for CERP was a 3 to 5 year one. He stabilised the Company straight away by stopping all unnecessary spending with his ‘bang for buck’ attitude. All drilling stopped as he cut costs. Only then did he and his team set about his workovers of old wells. Shareholder confidence began to return. The Company vision was captured in the ‘Roadmap’.
A £500m m/cap Company was the goal (Leo’s words not mine) which worked out at an sp of about 60/70p at the time.
Saffron 1 In the SWP was so successful that Saffron 2 was pencilled in as a ‘free carry’ and was to be drilled once WTI stabilised above $40.

Blue ammonia is a new one on me Nicodemus63 .....I need to do some reading :)
I wonder how this fits with the Cerm Project.

http://www.thecermproject.com/home/overview-of-the-cerm-project

Great stuff folks.... a far better start to the day.
Please can we now move on, both PRD and BPC have lots to look forward to over the coming months :)

Interestingly, a CPR for Morocco too.

‘Post period, the Company has commissioned SLR Consulting Ireland Ltd. a Competent Persons Report for the MOU-4 Prospect in the Guercif Licence onshore Morocco.‘

..... meanwhile Leo Koot is remarkably quiet atm. Rest assured lots will be going on in the background. To all the BPC LTH’s please don’t underestimate the CERP assets that have recently been acquired following our merger. I hope Leo and PRD are working well together and building on their relationship. I see a very bright future for all those involved in Co2 EOR on Trinidad.

I too have a foot in both the PRD & BPC camps and wish all LTH’s every success for the future :)

News later possibly now that BPC have released their drill update and PRD announced their Interims.

Good summary of their intentions on Trinidad, current production, plans to up production from 450 to 500 to 2500 bopd by 2021 end. They plan to ramp up the number of workovers to include water flood and Co2 EOR. I assume that our working relationship with them is strong given their plans ??...... as we know, anything Co2 on Trinidad involves PRD :)

Leo Koot is no fool. He will be looking for 'bang for his buck' and he knows that PRD holds all the cards on Trinidad with Co2 EOR. :)

The majority of us have a common goal and wish to share in PRD's future successes …. good luck to all the LTH's :)

I believe Saffron2 is a free ride for BPC(CERP) but conditional upon WTI stabilising at over $40

…. no reply as of yet.
I also emailed Heritage something similar today :)

Hi Wacky, I emailed them last week to see if they had produced any newsletters, which up until last year came out quarterly ?

Anyone heard any news on the CERM Project lately ?
PRD must be at the forefront of any developments imho.

….. is indeed on its way. Next stop is Las Palmas to arrive on the 18th...… if I'm reading it correctly ? :)

Same story over on the PRD bb at the moment zzzz

Anyone know how the CERM project is progressing...… don't think there's been a quarterly newsletter for this year ?

http://www.thecermproject.com/

.. hopefully positive news from Trinidad will arrive very soon :)

in4cedros.... many thanks for sharing in here. Sad news indeed.....I'm sure there will be any number of posters in here from the LGO/CERP days who would wish to pass on their condolence's and wish Offerman all the very best for the future.

in4cedros...…. unfortunately I can only view the first sentence of each post. (no account) I would appreciate it if you could share in here ? many thanks.