Member Info for LGO-fan

You may all recall the excitement when we got the information from LK about detailed activities on the wells in Goudron, back in Sept-Oct of last year. I think it will also have another benefit: reading the 2 BB, there has been some criticism around LKs comms re said small and transformative M&A deals. Too much intention, not enough delivery’ is what I seem to read. So would be good to ground ourselves again in actual field activities. We all like LK for being visionary and a man of action. We heard the vision, now a little more action would be welcomed. All IMHO

I think what has changed since 2012 is that Goudron is no longer the main source of future potential. It’s now SWP, with Goudron being the “means to an end”. Hence that I believe that LK can create a lot of excitement by sharing a more detailed plan on how to attack this. Starting with Bonasse. The market seems in a wait and see mode. So make them see it clearer...

Well yes, agree. Now, I am suggesting LK should talk to attract the glory hunters. Not interested in those; only leads to pump and dump. I like the long term strategy and like LThs a lot. I want more of those, not less. However much I like the long term ambition, there is no tomorrow without today. So the company should be a bit clearer on what is going to do between now and end 18 and what that will allow us to do in 19. And in a bit more detail than In4 suggests :-) Common, peeps! LK is only the messiah if he delivers. If not, he is only a very naughty boy! Night, night.

“Working on Bonasse” is not a plan; merely a vague statement. As SH, we have the right to know how they will invest the money that diluted our share and took from nerely 8p to now 5p. That is not an unreasonable request, after having 6 months for it. Being positive towards a BOD, does not mean one cannot be critical. We are investors, not die hard fans of the local football club we support no matter what. Seriously, guys

Look, at like the BOD but I am not aware of any details re Bonasse, are you? What’s the plan? I haven’t seen it. If you have, please share. It’s all a bit too vague.

Look, I have a lot of time for the current BOD. However: 1. Q2 is money time, as this when we need to see bopd rise. Any info that can tell we are on track would be welcomed. It does not have to be only about monthly av bopd, but more so purely info on Goudron development 2. SWP: we raised all that cash over 6 months ago and so I would like to see what the plans are to invest these. It's been far too long. Don't forget we were at 7-8p, we get a dilution and have been around 5p since then. It was all going to be accretive - which I am hoping at some point it will be - but where are the plans to invest this cash that diluted the share from 7-8p now to 5p? The pain is only worth it, if there is a bigger gain. I want to see the plan to get to that bigger gain in detail. I appreciate it is too soon to get details on the deeper wells, but at the very least we are entitled to see a detailed dev plan for shallow wells

Want to see some significant increase in bopd as per forecasts on the cerp website and also want to see pdq what the plan is with SWP (in detail) and what we are going to do with the millions CERP raised over 6 months ago. This money is no good just sitting in a bank account. Time to see tangible progress, not words. I like LK, but I like concrete delivery a lot more. Seriously getting bored

did you get an RNS? mine always seems to arrive 10minutes later (

all right, all right :-) I’ll put my patient cap back on

that’s fair and totally agree with that but some intermediate progress updates would be good

I know I have many times advocated against the old NR RNS-approach (too often, too ambiguous, too poor in business content) but I think LK needs to finesse his commas approach a bit. As long as this is largely a pi-share, he will need to keep us updated on a more regular basis. 3 months of silence simply isn’t going to cut it, IMHO.

hi Peter, if I recall correctly the video with LK's presentation from the previous investor meeting, only got uploaded a couple of weeks after the actual event. I may be wrong, but would not wait for it :-)

dead cat bounce. This share will need 2 consecutive quarterly results in which it beats market expectations, before the sp goes north IMO

the previous presentation LK did at an investor show, was filmed and ended up on Youtube. Somebody posted the link on here weeks later. There was nothing in that presentation that we hadn’t heard before, so I expect the same. It’s most likely going to a 15 minutes tour of CERP with stuff we already know. For me the focus therefore is not on hearing new news but on hoping LK convinces new LTHs

dissappointing. Expect SP to slide down rapidly now

I don’t have the actual data to hand but some of the LTHs will have that data. Sorry, traveling Garn? Vmax?

In Goudron we have an IPSC so we do t record the full revenues from the POO. Having said that, this will be the case in fields like the SWP (and all future ones) where we are 100% owner. This is also why the primary focus on Goudron is CF. LK want to increase bopd, but with strict capital discipline. All CF here can be used to invest in SWP where we will record 100% of the POO. Ignore LLL, trolls have a duty to spread around information that leads to disinformation. When all we want is for the trolls is disintegration! Lol.

was trying to be subtle, Chesh :)

CF Positive

knocking at the door of $69, soon $70 ... Remember by Dec 17, the company was aiming to CF at $45. When WTI hits $70 we will be 55% above that! Increased bopd x the value of increased WTI = $$$$$$$ Looking good!