Member Info for LGO-fan

Fair post. Most people on these BB don’t except criticism. They see it as a personal attack. Peeps should have a look at transcripts of how CEO’s if FTSE companies get grilled by ii’s during quarterly/annual report briefings. The ii’s don’t do this to “deramp” or because they are “shorters”, they challenge because they want the companies in question to improve; even if they are doing well.

£1.0 million in cash reserves at 31 December 2018 (31 December 2017: £3.4 million) which together with the gross proceeds of £1.51m raised from the Open Offer post period end allows the Company to operate until early October 2019.

hahahaha!!!! Love that, Chesh!

ain’t swinging, merely a disgruntled SH!

Joe, have no change of heart re CERP. Simply pointed out a couple of things I didn’t like. Life is not black and white.

Well, I have been called a “ramper”, and a “deramper”. So will add yours to the list, my friend :-) I assume when I get accused of ramping, I will be called Chesh-fan (not a bad avatar!)

so eloquently put, sir! Do you have any compelling arguments for this investment or are you just the goon of this BB?

only swing traders get excited about little gains like this, Chesh:-)

plenty of people who claimed MTR would be the next best thing since sliced bread...I know, Bonkers, right :-) Always said “not before spring”, but recent check ins don’t convince me a lot about jumping in now, even at recent lows. Maybe good for swing traders, but I am not clever enough for that! Still don’t see how this company will ever make money.

Rabbits always appreciated, but to be fair I just want them to continue in the same way as per the last RNS: solid, decent progress. Nothing over exciting, just get into that rhythm of decent, updates demonstrating good progress and sound operational excellence. We have one RNS like that, looking forward to more of these. If they do that, confidence will follow.

thank you, all for your replies. Very informative and much appreciated

But other than that you are not aware of other examples of companies who are working on a similar technology. Only asking about what is in the public domain of course

many thanks!

we can all agree on that (even if some on here don’t want to acknowledge that. Why, I will never understand. It can only be to be benefit of shareholders)

http://www.energy.gov.tt/wp-content/uploads/2019/04/MEEI-Consolidated-Monthly-Bulletins_January-February-2019.pdf if someone has Jan-Feb 18, they could make the comparison?

now that I call a post!! Are you aware of any other companies working to validate similar technologies like PQE?

Come on, Ross. Don't lose out by pushing it too far. You made a couple of points that are valid, but comparing LK to NR is ridiculous.

LK needs to be told by the bigs/ii to think twice b4 announcing targets, and then deliver them. LK used to apply that very same principle: under promise and over deliver. He missed targets - no need to repeat - far too often for my liking. And he has - and this is where I do agree with you - changed his narrative far too often. It has now lead to a situation whereby he announces one things during an RNS, and another the following one. A killer for investor confidence. I am sure he knows, I am confident he has been told. Just hope to see a difference from now on.

yes, my cryptic friend?

edgein: Egg, The new country entry has been described as low cost and LK said he didn't want to dilute shareholders. The SWP well is to cost $500k for the sidetrack, not a significant amount of even the free cash given that's next Q. Now that WTI is now mid sixties again rather than $50 ish you could see LK upping the workovers again a little, from 1 rig to perhaps 2-4 again. So imo the cash is there for both SWP and new country entry at present. For example the fields in Suriname are at around 300m, so low cost. Goudron wells are from 300-1500m from memory, also shallow but they range in cost from $150-500k approx for new drills. The fields in Suriname are towards the lower end of that, if the discovery on CERP's potentially new PSC is commercial it could be developed quickly and at low cost. The company changing material deal on the other hand is likely to be a mix of equity and debt financing based on the existing 2P at the time and likely 2P and production of the new asset. Fingers crossed given the low cost and speed of shallow drilling the new country entry should be making an impact by then. Don't under-estimate the current new country entry, only around 1bn bbls discovered to date with around 13bn bbls potential in that basin. CERP only has to find 17mmbbls+ to make a material difference to the company as it stands now. Considering what's been discovered so far in Suriname that's pretty modest. Regards, Ed. Read Full ThreadFollo

can’t see it move significantly unless there is a clear, and detailed plan on SWP. If not, we will have a “wait and see period” which could last for a while, IMO. As you rightfully point out, Q3 isn’t that far and there is still little known about how we will get to a transformational year. And wanting transformation to happen is not the key to success, as some seem to think here. (Grilling people who are not delivering usually works a lot better)