Member Info for neon

thechancers

I think its win win for both companies mate! If CO2 works and does its miracle, with growing revenue from it and some help with further funding PRD will be able to buy it from CERP. CERP can then try it on some other fields because now they know how to use this tech, no brainer really, its a win win for both companies.

GL

Short term pain for long term gains guys, chin up! Your company is now fully funded and the money raised will help it to fund it's project further so IMO, it might stay around 4p for few days but will go up with positive news. We are way way way down with CERP but still ok with 800M shares in issue, remind me how many share you will have? Just hold, top up if you can and wait for your rewards.

GL

Just read their RNS, it seems they are quite upbeat about the CO2 injection! To me it seems they might choose to buy Innis Trinity from CERP after all.

GL

https://twitter.com/Columbus_ERP/status/1227922501386330115

Hats off to you bud, your itm just touched 150p now! Just amazing! I wish I could thorough research like you ... lol

GRC

"The Company is targeting three (3) horizons for testing. The horizons lie between: (i) 4236 feet and 4244 feet; (ii) 3937 feet and 3947 feet; and (iii) 3760 feet and 3768 feet, respectively. The Company believes that each of these horizons are the tops of larger sand packages. The objective of these tests is to prove an oil filled reservoir. If this objective is met, the Company intends to perforate the larger sand packages to maximise water free production."

https://www.lse.co.uk/rns/CERP/operational-update-saffron-well-testing-l65zrt4r8qxdx6h.html

Here is your answer grc:

The Company believes that each of these horizons are the tops of larger sand packages. The objective of these tests is to prove an oil filled reservoir. If this objective is met, the Company intends to perforate the larger sand packages to maximise water free production.

Bamps21

Stay focused!!!!

They are about to flow test the well at the centre of the East Venezuelan Basin. They want to perforate the top 8+10+8 feet to identify the oil zones and if it flows, you can start re-calculating your figures again.

Remember what you are here for! Re-read the company RNS, nothing else, exclude all the noise made by the trolls, traders, shorters.

If you've waited all these years for SWP then you can certainly wait for few more weeks.

Keep up all the good work with facts and figures.

GL

Plz excuse my typos

LGO-fan

NO, he didn’t quite say that.
He said the team said they will shake down the the rig with clove prospect but it the drill seems ready then they will go for Saffron. Please watch the clip again.

Investors who are familiar with ur posts can easily spot ur sudden tone change hence I said have u sold out to get a lower entry!

It all feels like TXP few months ago when everybody were slamming it down around 10p but now everybody wants to be in TXP, lol

GL

LGO-fan

Have u sold out mate? Looking for a lower entry perhaps?

https://medium.com/makingofamillionaire/the-virtue-of-patience-in-the-stock-market-93d8eb2008a5

Hahahahahahahahaaaaaaaaa

https://trinidadexpress.com/business/local/another-big-oil-find-in-guyana/article_340c3e30-4165-11ea-b47c-cb183d1e47e8.html

Bespoke

You should have posted both paragraph fully:

"The Company is targeting three (3) horizons for testing. The horizons lie between: (i) 4236 feet and 4244 feet; (ii) 3937 feet and 3947 feet; and (iii) 3760 feet and 3768 feet, respectively. The Company believes that each of these horizons are the tops of larger sand packages. The objective of these tests is to prove an oil filled reservoir. If this objective is met, the Company intends to perforate the larger sand packages to maximise water free production.

The Company has submitted to the Ministry a well test program to perforate and test the well. The Company expects this testing to occur, subject to Ministry approval, in February 2020."

They will be testing 8+10+8 feets faults to:
"prove an oil filled reservoir. If this objective is met, the Company intends to perforate the larger sand packages to maximise water free production."

At the moment market has taken Saffron as a duster hence we are below CERP's nav like Bamps21 suggested. But if saffron starts flowing and reserve can be established then SP will reflect that.

GL

Both TXP and PRD are going up nicely. CERP will follow at some point.

Let's see

GLA

capitalidea

you expect the company broker to step up and get this issue sorted. amphion needed cash so got out of Polarean on a off market deal, polx was at 16p that time, now sitting comfortably at 27p.

Let's wait and see what happens. We are below our NAV like Bamps21 suggested, so let's see what saffron, Innis Trinity and Suriname news do anything for us at all

GL

All the oilies are up, txp, rkh, pmo, enq, cna ... bamps21's itm is still rocketing, its just us down. Even PRD is at 6.05p.

lol

well, what is down has to go up at some point.

GL all

Well done and I'm happy for you!

Bamps21

Off topic, still holding ITM? The other day you talked about it and now has risen significantly. I wish we could experience similar price action here :(

GL

Paul Griffiths, Chief Executive of Predator, commented:

"We are pleased that the extension to the IPSC has been secured by Columbus. It is a recognition of the importance of this project not only to the potential enhancement of Trinidad's onshore oil production from mature oil fields if successful, but also for the potential to sequestrate significant CO2 volumes to advance a reduction in Trinidad's carbon footprint. The Company and its partners have worked hard to coordinate and develop all aspects of this project to give the best opportunity for a successful outcome. It is rare for a company of Predator's size to create and fill a niche position outside of the USA in the field of CO2 EOR. That it has only taken 18 months to reach this position from scratch is remarkable. We now look forward with excitement to the beginning of operations that will evaluate whether or not the benefits of CO2 EOR will be transformational to the onshore oil industry in Trinidad."

https://www.lse.co.uk/rns/PRD/predator-og-hldgs-c02-eor-trinidad-update-jz58jgfr36s2usr.html