Member Info for LGO-fan

with investing now, I meant CERP investing now in CAPEX. They will go in cash preservation mode, I would have thought.
How much you want to invest in your CFD is your business, not mine ;-)

I don't expect them to do that now, but time will tell.

My guess is that we will get one big update, together with the FY19 results, I am guessing mid April. Testing will have incurred delays, I have zero doubt, because of technical challenges and CV-19. There is also the question: what's next? Provided the results are positive what do you now that POO is flat on it's back. Investing now seems foolish. So that will require a long and hard rethink. So they will be able to use some extra time.

So an update in April, announcing FY 19, Operational updates incl Saffron, and a plan how to survive the CV-19 crisis and low POO -environment would be my guess. Mid April at earliest. They could also opt to need more testing of Saffron, only announce FY19 and Operational updates excl Saffron. They could opt to "do more testing", and announce results when POO starts to pick up again. Just all IMHO.

Hi Offerman,

Could be. In O&G it’s always safe to assume delays, in this case one would assume C-19 slowed things down (as it has everywhere else around the world)

Julius Caesar did the same in De bello Gallico. Worked for him!

picked this up from Twitter, I did a quick scan of the news but couldn’t find a confirmation of this.

ITALY'S PETROL STATIONS WILL START TO CLOSE, MOTORWAY PUMPS TO CLOSE FROM WEDNESDAY -

"as further collapse is not good at the moment" :-) :-) :-)

Agree. Great leaders are those who steer a ship through troubled waters to safer waters. Door to door salesmen of vacuum cleaners just sell something they can’t deliver. Not going to say in which category LK sits, it would be far better for him to come out and convince us of what he is made off.

why do you insist on saying that? It is of course possible but the company just announced they are continuing and just need more time.

told you guys that would happen. As good an update as one could expect under the circumstances

I would assume not: " to fund working capital and development work to prepare the Bivins property to be drill-ready for an eight well programme once the operational weather window reopens in Q2 2020."

It would be pretty shocking if they had spent that 420k, knowing they would sell this lease later on, and not drill the eight wells, no?

Again, assumptions either way. The company will need to tell us.

Why do you keep saying that?

"Attis Oil and Gas Ltd (AIM: AOGL), the AIM listed oil and gas company, is pleased to announce an update on its activities including the acquisition of the Bivins 115 lease, the Company's first acreage in the proven Red Cave formation in the Texas Panhandle close to Attis' headquarters in Borger, Texas. This follows the completion of the Company's successful 'Put-on-Pump' delivery outlined below, and the ensuing asset and services review. Further, the Company has completed a Bridging Loan Facility of £420,000 supported by existing shareholders, the COO and the Chairman of the Company to fund working capital and development work to prepare the Bivins property to be drill-ready for an eight well programme once the operational weather window reopens in Q2 2020."

The have sold Bivins 115, so logically we can assume they haven't spent the £420k.

still no word....strange

doesn't matter what they want us to believe, what matters is what facts the BOD announces to show the reality. That is what we need to see and believe. We have hardly had a decent update from the company since Schroders abandoned schip. No qtrly financials updates.... we will have to wait from the full year report, I assume in April, tied in with news on Saffron and the next steps for the SWP. That script will have to be rewritten. 2020 is a write off for the global economy, and I see no reason why that would be different for CERP.

Will go back up, as soon as there are market indicators to warrant it. Not before.
cheering WTI tends to be or little help

If people want an example of a good RNS during these unprecedented COVID-19 times, read the RNS from RDSB

today, I assume. As soon as US wakes up, would be my guess

the world is in lockdown, there are hardly any cars on the road...why would POO start to head North?

a 50% increase in the last couple of days is only good if you are a day trader. To all others, it is insignificant. They are people here with multiples above the current sp to hit simple B/E on their investment. If you are so luckily to be up, I suggest you do your gloating in silence. It’s disrespectful and embarrassing

It doesn't happen often, but it is hard to argue with LLL (for once. Don't get too excited, LLL).
The noise about going t-up is a bit of a stretch IMHO, but my HO is irrelevant: what we need is communication from the BOD to tell us what is really what.

Until they do so, the de-rampers are right. It is as simple as that. If LK could dignify himself to communicate to the SHs who have supported him, that would be greatly appreciated. Until then, the de-rampers are right.

hard to tell. The current POO, will mess things up big time. So, it might be wise for all parties involved to extend the duration with another 2-3 months (if allowed). By that time, the worst should hopefully be behind us.