Member Info for LGO-fan

He is for sure (if not done already): this is the first step of we’ll orchestrated communication to the city. SP will follow once he explained the RNS and peeps undestand it a bit better. The way I see it: Goudron was a means to an end; well our means have just increased massively (together w Bonasse and Icacos), so that bodes really well for the big price (SWP)

we’d get significant news! Love it when plan comes together (now where is my cigar?). ps was wrong on my Q2 guesstimate for Goudron: hopes to achieve 575, instead 553. Still 10% growth

that is correct, Peter. that was peak production, my guesstimates are monthly averages.

Well, I could be wrong too: I would find it strange to orchastrate and AGM and interview on Tuesday if you have little to announce.

On the BOPD front, I think we will have steady progress, though I don't expect anything spectacular. looking at the Q1 RNS, the average over the 3 months was 503bopd. For Q2 I expect a 15%-20% growth, so around 575bopd most likely. Hopefully 600, but think 575bopd. Still a 15% increase without drilling is still commendable.

Hope LK will outline us the plans for the next 12 months, include Bonasse, Icacos and prep for CEDROS. That could be interesting. May-be and M&A deal, but these things are hard and take time. M&A-director or not.

tomorrow am we will have an RNS

I find it hard to believe he would set up this meeting w Malcy to regurgitate what has been said before. Certainly after his last interview, during which he over promised on the M&A front (and under delivered), he will know he needs to come out with something meaningful to say. Otherwise, why bother with the interview. Lessons from the past, the ambition of the man and the timing of both the AGM and the interview lead me to think that hopefully he has relevant updates for us.

with the AGM on Friday and the Malcy interview the following Tuesday, you can’t help thinking LK will have enough to talk about...

he’s probably waiting for the worldcup football to end! Who cares about CERP until then (I don’t, lol!)

“hook, line and sinker!” Sooner or later (s)he would bite. Well it did and (d)Ross showed its nasty true colours, hey lol!

it had to be posted twice

"We note the recent announcement in relation to senior management remuneration whereby all executive directors and senior management will continue to receive 50% of their salaries in the form of options. We view this positively as it further aligns the interests of CERP shareholders and the management team. This is an extremely unusual demonstration by management of their confidence in the future of CERP, effectively increasing their stake in CERP on a monthly basis. We are not aware of any other AIM oil and gas management who are prepared to voluntarily take 50% of their salaries in shares. This action also provides additional funds for CERP to invest in value adding opportunities.

Can I just repeat this:

"We are not aware of any other AIM oil and gas management who are prepared to voluntarily take 50% of their salaries in shares"

thanks, BD! Don’t want to sound like a know-it-all (we have Ross for that), but a confirmation (more or less) of the previous sp/target, underpinned by more data, is what I expected. Still very nice to see. I will be looking forward the to one(s) post first SWP-results. That will be hopefully a beauty! Also, by the. we will have more valuations

Agree, Peter

Ahhhh nothing like the smell of catscan getting burned :)

wouldn't care to guess. It could just very well be a very similar sp target, but with some additional analysis to support it.

As soon as CERP attacks the SWP, I would expect more significant revisions, plus other brokers to issue their research notes and sp targets

I think it’s “under review”.

https://www.ft.com/content/8652153c-794a-11e8-8e67-1e1a0846c475 looking good

rising again courtesy of our friends in Fort McMurray it seems

totally agree. If you read the AR, you will see that the 4mn is still there. There is no reason why that should be reduced given LK will apply the same investment approach in Bonasse and Icacos and given further costs reductions kicking in soon. If LK touches that money, I am sure he will inform us about it. that would be the proper thing to do given it was funded by the shareholders. And I have zero doubt he will do that.

it’s 26p, Chesh, I keep telling ya ! lol. Maybe In4_26p is a good avatar to clear up this matter once and for all!

HI Chesh, what do I think about what?
My mind is rather on the footie these days, lol.