Member Info for LGO-fan

Our tax credits are a big asset. Seen this before...

AoGl was in a similar pickle: stripped all assets, became
a cash shell and were snapped up by He1. Shareholders in AOGL got shares in He1.

interesting case. read it

just for your background information: in the days of LGO, Ritson paid a lot of money for a plane to fly over the area.
All of that to say that we have data outside the acreage for which we have licences, but that doesn't mean that CERP would have communicated they have targets in sight that are not in the acreage for which they hold licences. That would never have passed the usual scrutiny prior to releasing an RNS, not to mention would be unlawful.

There is no need to try and come up with additional reasons to discredit this company to see the SP decline. Quite frankly the various BOD have done a sterling job at messing things up, not if you punters could have done any better.

Druid is trying to communicate falsehoods. That is pretty clear. He is either incompetent or dishonest.

there are parts of theS WP open and parts assigned. What is so hard to understand?

agreed

nobody

that one knows, D. SWP is a discovery play.

Druid,

I am sitting on a massive paper loss, like so many here.

However, not sure what the point of your post is wrt GY670. It's pointless, because:
1. Everyone knows that all wells suffer from decline rates.
2. Everyone knows that the financials for Goudron are not favourable enough to invest in it. Usually other fields, like SWP, offer far better potential economic returns
3. The company has tried to make EOR work in Goudron on a shoe-string, with Water flooding and CO2 injection trials. No luck as far as we are aware.

Goudron has always been a "means to an end", and never an end in it self due to the above mentioned economics.
What GY does show is that there is potential for good producing wells in T&T, but you need to (a) find it and (b) plan for EOR at (almost) the same time as you plan for the production drill.

it's a fantastic movie. It's simple: great movies attract a crowd and this one is simply amazing. Thoroughly enjoyed it.

Oil prices rise above $80 a barrel for first time in three years

all old news: all about 2020, 2021 is almost over by the time
these guys published their accounts.

the Water flood program in Goudron: is this still ongoing Y/N?

SWP: what part of this acreage has the company explored (other than Saffron). There were significantly more targets identified by CERP at the time

S1 was not a production well, but an exploration well.

Indeed. Lots of nice bits in here "that offers value for money", that can be advanced "cheaply and quickly "

true. Fair point

Typical AIM nonsense today. The project has been derisked., they move to phase 2. What's not to like?

Answer: not enough clarity about the next steps. And if no clarity they could at least have issued a timeline by when they will announce that. Bit clumsy, but other than they are moving to phase 2. Very exciting!

and that 1500 is down from 2000, right?

SC: "I don’t mind some dilution at the asset or share level to pay Stena (to conserve cash) and fund growth (to create cash)."

That's the perfect line for investors to wait until after S2 and after the inevitable equity raise after it. There is a good chance this knowledge will only lead to the SP to slide further to new lows.