RE: Briggs ignores Analysts5 Jun 2023 21:39
Malcy likes what's going on here and so do I :))
Briggsyboy and a few other disgruntled sore losers just think the whole thing is a scam and a pack of lies.
Well let them keep thinking that while the rest of us make our own minds up and actually take what the company are saying seriously and use this opportunity to buy as much as we all feel comfortable with before this really takes off ;))
"Challenger has certainly been getting a move on in Uruguay and also keeping its cards close to the chest, indeed it appears to have added to what is already a significant portfolio not just by stealth but by using the similar, successful geotechnical de-risking approach that they applied on AREA OFF-1.
I like the idea that ‘AREA OFF-3 has many operational and subsurface similarities to the AREA OFF-1 licence: comparable size acreage in similar water depths, both exhibit multiple, stratigraphic plays and complement each other with play diversity while demonstrating similar exploration upside.
There is no doubt that as a much smaller company CEG has a different route, indeed a totally different strategy to that of other, larger players but historically E&P companies have led the way in frontier exploration and there is no reason why this shouldn’t be the same here.
When I spoke to CEO Eytan Uliel last week he was understandably delighted, not so much that they had found the acreage way back in the pandemic but that the farm-out process has seemingly found many very grown-up names in the data room as well as those neighbours who don’t need the first few chapters of the book being explained to them.
They may not have so much moulah in the bank right now but they have latched on to a package of acreage that somehow everybody seems to want, to me that is where 10 baggers come from"…
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