Member Info for LGO-fan

I disagree that the WF was an initial hiccup. This was always going to take a year and trial and error is part of that journey. This WF pilot needs to be assessed by Q4 on its merritts, i.e. towards the end of the campaign; not the start.

Agree, that would be a strong signal. Also would mean another 5.8% of shares in LTH-hands'

You could easily look as May or June of last year...it matters not :-) What would matter a lot more if he did another media presentation, highlighting how far CERP has come in the last 12 months and what lies ahead of us in the next 12 months. Am sure there is enough to report. Much richer content probably than just the Q2 report. Just a thought. Anyway, back to work!

I won’t disturb that love romance between you two lovebirds too much :-)...but...was the name change not announced in June? Maybe wrong, again an insignificant factoide compared to the chemistry between the two of us, lol.

surprise if LK gave an update earlier than Q2 report. Am thinking a one year anniversary-update. With or without any M&A updates. Just IMO

Hi MrMagoo, I agree Q2 could be interesting. Lots to look out for. Personally I would love to see: 1. how production is trending 2. Bonasse update 3. WF update 4. Small M&A update 5. What we can expect in H2 All baked in enough details so we see the robustness of the plan in H2. LK will want to impress so am sure he’s got it covered

nothing is for certain, you can only manage risks. I just sold out a defensive share that reached a target price in 2 months, that I assumed would take 1-2 years. Go figure. All the while my little growth stock on here remains in the waiting room :-). Happy to hold as long as they keep marking operational progress and WTI stays in the 55+ zone. Which it should, a statement that should carry tons of credibility given I am not an analyst! lol.

analysts usually get it wrong when it comes to POO. Let’s see what happens, market maybe overreacting due to uncertainty.

Opec and Russia talking about opening the taps again...Wti dropped from $73 to $67 rather quickly. Still above the $63 average for the first 4 months of the year and comfortably above the $55 VSA assumed for 2018.

No, but I would debate that on the RRL BB, not here. Personally, two O&G companies is more than enough for me in my portfolio. (a junior one and a major one)

During Jan-April of this year, WTI was on average $63. What net revenue did CERP record on that?

Hi Bamp, you maybe very right :-), who knows. Just posting a bit of background information now and then out of interest for the area.

ahhh....a combination of good old ross and subtlety....as likely as Farrage hugging Donald Tusk. lol.

so far so good :-). Well done! I haven’t done so well, having bought in at 15.00. When will the founder leave do you think?

Guyana leading way for region As play moves towards centre stage, attention shifts to how Guianas will cope with Big Oil Gareth Chetwynd Rio de Janeiro 26 Apr 2018 23:00 GMT Share: E-mail Print Drilling action is on the rise in the Guianas, amid signs that the Sorubim-1 wildcat could give ExxonMobil an eighth consecutive success off Guyana. The US giant is stepping up development drilling on the pioneering Liza discovery and is using a second rig to appraise subsequent discoveries and drill new prospects Over the border in Suriname, Kosmos Energy has spudded the Anapai-1 well and is expected to reach total depth in mid-May. With other explorers such as Apache preparing their own exploration plans in Suriname, Repsol pursuing prospects down-dip of Liza in Guyana and Total planning to drill the Nasau prospect in French Guiana, the Guianas play is taking an important place on the industry stage. Guyana, with its sparse but impoverished population and vast interior of pristine forest, will also be seen as a test case on whether managing oil resources is possible in a beneficial and sustainable manner. ExxonMobil has so far found an estimated 3.2 billion barrels oil equivalent, but this looks set to increase again. With the first floating production, storage and offloading vessel due to enter production in 2020 and studies on the next two floaters advancing, ExxonMobil is already talking about production surpassing 500,000 bpd. There has been lively debate about the way contractual relations between the government and oil companies have been handled, stirring up criticisms about a perceived lack of transparency. Wisely, the administration of President David Granger has sought help and advice from international agencies, including the International Monetary Fund (IMF) and the Inter-American Development Bank, based on concepts such as the latter�s Green State Development Strategy. An IMF report on Guyana said ExxonMobil enjoys comparatively favourable terms and recommended Guyana consider a temporary moratorium on licensing until a new fiscal regime is in place. It is easy to portray ExxonMobil as pushing around a small and institutionally weak nation, but this was a high-risk frontier play where the supermajor invested amid geopolitical uncertainty on maritime borders with Venezuela and Suriname. Overcoming risks are the very essence of the oil business so ExxonMobil cannot be blamed for seeking attractive terms in such a frontier play. But the IMF was also right to encourage Guyana to seek the best available terms on new contracts. Future contracts will presumably include relinquished areas of ExxonMobil's Stabroek block, as well as shallow-water acreage and a deeper-water strip beyond. The Granger administration has already signalled it will proceed only with advice from an internationally-recognised company with similar experience advising governments. The Minister of Natural Resources, Raphae

interesting article on POO and how the shipping revolution could impact that. Note that new measures that will come in place in 2020 are designed to lower crude with high súlfur levels as they contribute to pollution (acid rain). Some extracts “That is very important because Middle Eastern producers lose out heavily from that because their crude tends to be very high sulfur," Sen said“ and the article the. continues “In contrast to some of the world's leading oil producers in the Middle East, including OPEC kingpin Saudi Arabia, the U.S. is expected to be better-placed to cope with the IMO's measures due to their reputation for producing lighter crude” That’s right, lighter crude, peeps! And what are we sitting on in Goudron,....

....tumble weed....

the drop in SP?

When I post the WTI price on her it is because I am invested in O&G (CERP and another one) and because it is one of those major macro factors that will massively influence overall financial performance of O&G companies. If some self-proclaimed know-it-all wants to deduct that I assume we get the full POO that than is his or hers (“equality sisters!”) problem, not mine. I merely express my delight at the rising WTI given invested here. Those who want to argue against that have a rather obvious agenda. Note that WTI is at $72, which is a whole lot better than when it hit $27 for investors in O&G. And that was not too long ago.

terrible isn’t! These guys seems to think they ooze intelligence. One other way of looking at it, is that we are joined here, on this very BB, by the next two W Buffetts. In years to come, us mere mortals, will boast about how we were so fortunate to have conversed with them (or cursed at them, I get easily confused). Boasting about this at the local pub will guarantee us lots of free drinks, I have no doubt about this!!