Member Info for LGO-fan

Not the bravest of predictions ;-)

we are talking about PQE: everybody knows what is happening there. One bopd forwards, two shares
raised back.

it’s not a business, but an equity raising apparatus

there equity production per day seems far superior to their bopd

sp looking grim.

Bummer! The market just saw your post . Going to have to wait until they have forgotten about it before I can top up again, lol!

AIM has taken a bit of a beating since end 17. Something to do with lack of credibility and too many pi’s having burned their fingers. Moving away from AIM is not the magic bullet to all Cerp’s challenge but will help. Normally pi’s would buy in here given the longer term foundations look very appealing but investors have been burned and are thinking twice before they jump on board: they want to see something concrete before they do so. They won’t do so until they see a convincing RNS re Saffron. NAVs, whilst sensible, measurable, logical will not tell anything too pi’s. They only get bopd’s (at a stretch!).

a watched kettle never boils

*latest end March that is

From the RNS, dated 9th Oct 2019:

"Columbus and Predator have recently finalised and formally submitted an updated CO2 Injection Pilot proposal to Heritage for approval, civil works are planned for completion in December 2019 and Predator has ordered a number of long lead items to begin the CO2 Injection Pilot by January 2020. Initial results from the pilot would be expected in Q1 2020.

Leo Koot, Executive Chairman of Columbus, commented:

"Columbus and Predator continue to advance the CO2 pilot project. We look forward to completing the civil works necessary for CO2 injection in December 2019 and injection in early January 2020."

CO2 project has kicked-off by now, with results expected end March.

https://www.inewsguyana.com/guyana-overtakes-russia-as-worlds-top-oil-discoveries-for-2019/

Touché! Trying to kick the habit as part of my NY’s resolutions. :-)

Totally agree. Until then (or other news) peeps should switch off, enjoy life. Posting here everyday is not going to do you, or the sp, any good. It’s only on AIM people are so obsessively discussing their
investment on a daily basis. A bit contradictory given most of you claim to be LTHs.

other sellers are available

I totally agree. I for one don’t want to see another equity raise. It always leads to “1 step forwards, 2 steps back” from a sp POV. There are other ways
for financing these things available. Our CFO said that during at leads 2 Q&A sessions. RBL is one of them.

it does work, doesn’t ? :-)

The term of the Inniss Trinity IPSC was due to expire in January 2020. It will now be extended until 31 December 2021 provided the Company implements the first phase of the CO2 Pilot Project by 28 January 2020.

*second bopd should be BOD

https://oilnow.gy/featured/suriname-discovery-contains-300-million-barrels-of-oil-over-1-trillion-cubic-feet-of-gas-woodmac/

just one thought to add: Saffron is the only just start of the SWP. Hopefully a great start, but at the same time far bigger targets are out there. For me Saffro g is not so much (yet) about bopd; it’s about proving the potential of SWP. I feel the bopd needs to tell the story about the SWP, given it’s vision: pretty sure it will inspire

I am also on the inside (of a pub)