Member Info for nacho2

If the lithium is there this can only go up unless the mali coup force control of the mine.

Lithium here to stay for at least 10 yrs

Remember they have an ex-bp board member now which I find interesting, but equally I'm not getting my hopes up too high. Thats why I mentioned bp as opposed to others.

Nothing certain when drilling even appraisal wells. Thats why the sp is low.

Personally, i see p1 bahamas acreage as (if they renew licence) best sold to the highest bidder. No doubt if bp etc joined up with them to drill more wells oil would be found but ceg don't have the cash to do it alone. Theoretically an oil major could subcontact ceg to drill more bahamas wells (so as to avoid bad publicity on them) but not rns'ing it is probably illegal.

Bottom line: we need saffron 2 to be successful, and theres a slim chance of anything positive from p1.

Final S2 results will either be the highlight or downfall of my month.

News today is reassuring, but still a long way to go with many unknowns.

Nice info Starchild.

We need saffron to give good results or else the light at the end of the tunnel will still be a long way off.

Nearly kakked my pants when i saw the 900% rise here then remembered the 10:1 share consolidation.

This electric push is pushing oil out of fashion (at least politically) which in turn should mean higher oil prices.

I as yet, have seen no numbers to show how batteries are less polluting than extracting oil. Yes, oil is finite, but I'd rather work on an oil rig than a cobalt mine.

I still believe the electric bandwagon has a long way to go before it is environmentally friendlier than oil. Unless of course we get more nuclear, or fusion/hydrogen take over.

Granted a gas power station can clean pollutants better than an ice car but tranmission losses on power lines and battery issues just don't have me sold on it.

I certainly hope you guys are right about everyone wanting a piece of this pie.

I'm waiting for James bond film to be released. Patiently I might add.

Lets face it we are all here to strikeit lucky. Its a smallish company with not too many wells. Lower chance of finds than a big outfit but oh its certainly not been dull.

I call 20p eventually

Yes, very promising update

Andy

If you have not selected to buy any more through open off, then you will just keep your shares you own now.

If you selected to buy more through oo, then you need funds in your account.

If agm resolutions pass, the share no will be divided by 10.

Great research Starchild.

We just need positive oo/ri and some good oil findsand sorted. Risky but as you say, sp priced low atm.

I get your point of view JohnBriggs, yesterdays rns was to bolster support for the oo.

Way i look at it is i am more likely to see a return by investing in the oo. Granted if saffron 2 results bad then it was wrong choice. We either invest further or see our paper losses materialise.

We will know soon enough.

Slift you take the hurricane glass half full view. I like it.

Can't decide whether board buying £300k shares or Bp's Riley coming on board is more important.

Certainly if ever we did a tie-in with bp (even if its just renting equipment) bpc would become hugely credible.

If saffron 2 results half decentthen we will rise. If not, down we go again :)

Rtvk; you've only lost value on your screen so far.

If you sell now you have made a real loss.

If you don't need the money for two years then it may be better to hold/buy more. BUT only if YOU believe that the company can improve.

Fatalcharm:i quite like the challenger name, reminds me of theDodge version haha.

How do i vote for resolutions? (Yes showing my novice side)

Todays news rns didn't show anything new, apart from more definite time scales on saffron appraisal/production well.

If results ok from it, then shareprice should tick up nicely, allowing more saffron clones to raise revenue.

If results bad, there won't be much love for this company :)

This is more a gamble than an investment atm.

I've bought through ri as I still believe that company has more to give. Still exploration stage mainly and may still be a damp squid but my money is on it rising.

If I am wrong, I will just have to accept my losses here.