Member Info for LGO-fan

Love it (specifically the last 2 lines!. Harel, just another know-it-all). Over the barrel, indeed!

Merry Christmas to all (even to Harel)

https://oilnow.gy/featured/breakthrough-technology-behind-exxonmobil-unprecedented-success-in-guyana/

Have a read at your leisure. It’s not just a great story about SA, but also about the technological advancement that these major O&G companies have made. Just imagine if one them signs a deal with us in the SWP. Just imagine

Merry Christmas to all

Ps drinks on me at the next AGM/EGM - subject to a gusher (or two!)

Hi Peter,

His posts are indeed very factual. Wonderful additions to this BB.

NAVs are indeed used by many investors, but they are based on what we know. Not what we are aiming for. My optimism lies in the belief that when we are done with the SWP, reserves and NAVs alike will be massively higher than they are today.

No guarantees of course but so far I like what I see with the Saffron drill. And that is just the start of the SWP :-)

Merry Xmas to you and all genuine sh’s

Morning Your Lordship!

Can’t disagree with what you say. Very rational, however when has anything so rational ever happened on AIM? I think that if the flow results are what we hope for Saffron, than we will see a far more aggressive growth in the SP. For the very simple reasons that this well is about “proof of principle”, not production. There are far bigger target in then SWP...Investors will buy in for those and I believe they are waiting to see some evidence first....that is what Saffron is all about.

Co2, waterflood, and more importantly WNZ (that could be a lot bigger than what most think), all add to the excitement. But again, investors are more careful these days, but expect an a rush towards Cerp when the results are positive for Saffron.

All IMHO

Very well explained, Sir Bambs!

Fully appreciate Reserve reports are needed, and forthcoming (yay!) so that will only add to the forecasted SP. Essentially SWP and WNZ are undervalued (hopefully) and the SP will be estimated significantly higher

Not sure why my iphone decided to call you, “hon”....but hey, it’s out there now, lol!!

Hon Bamps,

Thank you for this. A couple of questions

1. What is the base business these day now? Is that with out without WNZ?

2. Base vs Saffron: I have always found it counter intuitive to have Base valued so much higher than Saffron. Very few here (other than Irene) will be surprised when Saffron produces more than Base. Not to mention that Saffron is the beginning of something really big hopefully. That is not the case for base. certainly not to the same extend.

Thoughts?

ha!!

it is only a bit of good fun; for old times salesman vmax. not a serious comment I think

def. Think so too.

will be to announce they bought a light switch! :-)

WOW, that makes you a senior LTH :-)

will we hear about this JV?!!

hahaha, that's how you recognize and LTH by a statement like that :-)

must be off sick... (sincerely hope not) as he is not posting about PQE...good jump yesterday

I remember this article...got me interested in Cedros, until I realized the avatar had already been taken up!

that is good news and great to see their "winter plan" is working.

How much flex do we think there is in the 200bpod at 12 hours?

same here! (cannot see the posts of "les quantités négligeables)

WTI going above $60 again

I believe there a couple of factors. Firstly, I think AIM is getting what it deserves. Too may cowboy-CEO’s have caused damage to AIM’s rep. look at AIM: index; gone down sign since end 2018. PI’s have paid the price for reckless behaviours of most AIM-companies, and I think as a result PI’s have learned it is better to invest when the jam has arrived than it is to invest based on jam tomorrow.

If there is truth in the above, that must have an
impact on investment behaviour. Most pi’s are scarred, and will be more prudent. Perhaps apply a wait and see attitude. If that is the case, many potential new investors are probably watching CERP very closely and are waiting for the drill results of lower crude before jumping on board. Depending on the results will are likely to see a small or massive stampede at the entrance of CERP.

The other factor is the selling of Schroders and I assume suppliers who have been paid in shares. They have working capital targets and cash flow concerns too, and will always be likely to sell quickly. Have never been a fan on paying in shares, unless a clause that obliges then to hold for a min of 12 months.

Economic uncertainty mains POO is tricky too.

So, all in all: the environment is not helping in the short term. I do believe that when LK et all, producer the goods, this will attract a lot of investors- large and small ones.

Patience will be required IMHO.