Member Info for Madmaxium

Ah Willec, don’t ask for proof of what cyber says he has none…news articles aren’t proof nor what the ceo says as he has been caught out a couple of times pulling a fast one, you have blown cybers bluff willec and you’re supposed to be on his side.

You know nothing cyber unless you are an insider?

All you know is what we all know,

This month will be very interesting but not the way you think! ! Your ever increasing hostility on this chat shows your in over your head bragging like you found a pot of gold.

Ignoring the fact this stock has hit major resistance and hasn’t been able to hold above it.

Ballbag sorry bilbobag keep getting that wrong just seem the other name is more fitting, just because you repeat cringe doesn’t mean anything, what is cringe about what I said, do some research instead watching YouTube shorts calling everything cringe,

Markets follow patterns this other investor was talking about being in big to him and wanted to add more, I have been in the oil markets for many years and decided to point out markets remember patterns and trends from the past. It was a kindness to bring it up and inform him, not negative if you are only on one side of the fence no matter what, you will end up broke in this game.

But the one benefit is you will remember, what I have said in any case now so if it happens you will be the one cringing.

That makes no sense,

Cyber - just a thought to have in mind for next year, it’s the 10 year anniversary of 2014, oil markets plummeted after a big hype in oil.

Just have it on your radar markets love to remember events and honour them with a similar play. Good and bad stocks will fall regardless of the future outlook in each individual stock. All the best

Keeps tapping the 200 day we aren’t above it yet,

Is it a long stop date of December 31st for farm out, those planned dates always work out on time.

Lol if the terms of a sale have been renegotiated so far from previous disclosed rns and considerably changed an asset sale informing shareholders is a given. They don’t have to delve into the new terms but informing investors a renegotiation taking place is expected, it alters the risk profile of cash flow and in terms of this business bankruptcy implications. Yes I would expect to be informed prior of a change in previous rns disclosed.

If this wasn’t the case why inform shareholder of a sale at all, it affects the balance sheet,

Ok bulls read dec 20th 2022 RNS, goes into detail about the sale,

Cross off how much of that actually has happened and according to the time scale.

Is this the real reason for the funding debacle a couple of months ago, these new terms aren’t agreed overnight but eytan said nothing to shareholders about a renegotiation taking place did he?

Wasn’t a sale it was a surrender of assets dressed up as a good thing.

Pretty much changed the whole deal at the end with no future benefits and called it a success, no wonder the market isn’t reacting. It was a success but for PRD not CEG,

How is potter hiding willec, he is classed as a NED in Ceg this is their role,

Non-executive director means a person who is not an executive director and not interested in the company's day-to-day operations. He or she is usually involved in planning and policymaking. The non-executive directors are expected to oversee the performance of the executive directors and the management.

According to his title he is not hiding at all and can still influence policy and planning.

If you can evaluate yourself and write it down on a site, yeah you sure can embellish your abilities willec.

Lol I had the exact same question, did the research couldn’t find anything to prove that statement, other than staring at the area I guess.

Willec not sure why you watch the auctions to build your viewpoint,

In technicals on the daily we hit the downward trend line 4 times now and rejected just tapped off the 50 today and bounced off it, if we can break trend and push past 0.0900, in techs we are crossing 200 day and this is a bullish read on the sp movement. 50 crossing 200 is what you want to see golden cross not auction volumes.

Pull up moving averages on your chart you will understand price movements better.

Ah right got it, see when the stock tanked on the news of this terrible funding in august, eytan bought up 606,121,613 shares 29 august which we have just nicely popped up too with this increase in this great news today and a acceptance of a mistake and switched to traditional funding,

Nothing to see here, no one is looking too closely.

I am really glad CEG and PRD are back on good terms after last years legal issues and problems, it’s great!

PRD bare no grudge over what happened, There is no risk of them cancelling the purchase last minute after the long stop was made to be an even longer stop date, defeating the purpose of using the word long stop date in the first place. I have no concerns this deal will go ahead as planned when it was replanned after the first plan failed.

Bp and shell are already making exploration moves in Trinidad, CEG already has a presence.

With it being BP’s previous ground and they haven’t wrote off Uruguay from the statement they made before exiting, I wouldn’t be surprised if they came back and supported CEG, both the blocks they have previously held and know well but viewed it as a risky play in oil prices 2014 - 15 which worked out correct from the point of exit oil prices fell for several years.

If commodity traders are correct on a super cycle in oil in the next few years it would be a prime time to jump back in with data reworked and fund the next part and compete with shell.

It was bp’s block before CEG, the work CEG has actually done is to take bp’s work and reprocess it by giving it to a firm and paid a small fortune to make the picture clearer, then it was passed to phd boffins as eytan calls them and they guesstimated the oil potential and got paid, everyone’s getting paid except CEG!

Then the lot was put into a data room and teasers sent out to majors to elicit interest, eytan previously said interest was unsolicited by majors calling him but recently in a interview he said teasers had been sent out to majors to drum up interest which is it? Then CEG have been waiting by the phone since, every wrong number must be driving them insane!

What he is showing in this statement willec is traditional finance wouldn’t touch the company as they didn’t buy into CEG asset valuations and wanted more capital to back up the finance . From the banks prospective the risk far out weighed the gain, Eytan doesn’t have the capital behind him to satisfy the banks criteria, so he had to turn to higher risk borrowing but kindly used the shareholders as collateral, yes it’s less dilutive in the short term if the plan works out but if the plan fails this is the death of the company. Why do you think he emphasised they will draw down as little as possible? If it was a good deal surely he could take advantage and pursue other acreage?

As a ceo he has to dress it so people who don’t understand the system think it’s a great idea and pay no attention to the fact it’s a terrible form of borrowing if he can’t deliver on a farm out.

It’s the equivalent of a payday loan to a normal person gets you through a bind but you better clear it fast or it spirals out of control.

The situation with PRD sale was the cause to this borrowing it didn’t go to plan and has forced his hand, I understand that. Much like when the drill didn’t go to plan funding back in the day he found other finance but it was a death cross on the charts for this company.