Member Info for neon

Harel

R u from Israel?

from its (Saffron’s*) future production I meant

Anyway, enough talking
Let’s see what we get in next few weeks
CO2 to start soon together with Guodron IPSC re-negotiation due next quarter

Merry Xmas and GL everybody :)

Regards
neon

Don’t forget, saffron is just the first well to open up its superb SWP exploration portfolio!

Not long to wait now anyway

GL :)

Harel:

I understand and appreciate all of ur cost concerns but why you think the company has to spend every little penny for saffron well from its future production? The company already has its production base you know.

GL :)

Harel:

The company will be earning 82.5% of the oil price sold for the first 10 million barrels without paying any loyalties under the new BOLT transaction. So at $60 it equites to $50 per barrel like the company said.

So where and how you get this $3 per barrel for first 10 million barrels, care to explain please?

Regards
Neon

LK’s presentation: https://www.brrmedia.co.uk/broadcasts-embed/5bbe181a269b0c1ded18979b/event/

Watch from 13:41 mins where he talks about the potential of SWP and $50 a barrel earning with $60 oil price.

GL all

Pete

This is called playing it safe :)

GL mate

Bamps21

Also because it’s PPI, at <$60 oil price cerp will be earning $50 per barrel, that’s about 82.5% and charges won’t be applied until they have produced over 10 million barrels if I remember it right.

This is why I’m very confident the SP WILL hit double figure if saffron discovers oil with a recoverable reserve of 11 million

Not long to wait now ha? :)

GL

Bamps21

This is clip I was talking about. LK covered it fully.

Also thanks for ur reply bud

Found it

“It’s right at the middle of the field, we can use the existing infrastructure”

https://youtu.be/MfvnG_VDS68

55 mins onwards

GL mate :)

Bamps21

It came from the big man LK himself mate! I will find and post the video link later. Saffron is a new field so if it flows then of course it will need its own infrastructure but since it’s near bonnase field, it will be much easier and cheaper for the company to connect it to bonnase which has everything in place and in production, one of the reason why they went for it first . If it needs few more tankers then the company will get more but cost wise it would be much cheaper and easier than starting everything from scratch

I will post LK’s video later where he talks about it.

GL

Bamps21

I filtered that idiot anyway but apparently that troll bombarded this BB claiming I was ramping and tried to mislead other posters by typing misleading information about me and what I said.

These trolls will get what they deserve sooner or later anyway.

I'll put that troll under my blocked list again.

Thanks mate and GL

regards
neon

IreneKrapp

This is my full reply to GRQ when we were comparing the likes of UKOG and ANGS and the perspective was that both UKOG and ANGS have to get it all done from scratch while CERP has it's infrastructure in place. So if they get saffron producing, getting it into production won't take that long because the infrastructure is there MEANING GET SAFFRON CONNECTED WITH BONNASE AND GET IT INTO PRODUCTION when other's oilers have to start everything from scratch.

I NEVER said Saffron has it's OWN INFRASTRUCTURE in place so please for God sake, STOP MISLEADING investors.

"GRQ

have u forgotten about UKOG? at one point the mcap went to 300mn with a share price of 11p without producing any commercial barrels. ANGS went to 37p on the back of Lindsey and Brockham drilling news!

CERP is nothing like them lot, infact it’s way better than them. It has existing production and have a cash generative business and now might be able to increase its production via saffron as the oil transport infrastructure is already there!

Choice is urs mate! Most of the investors are were waiting for this SWP for years and now we are literally weeks away from getting it’s first well result.

Just think about it, go through all the company RNS, videos and then decide

I wish u all the best

GL
Neon"

Remember IreneKrapp, "what goes around comes around"

IreneKrapp
Got a message on my twitter that you are spouting rubbish again and accusing me of ramping so had to unfilter you to reply to your lie!

All I said because its near bonnase field, it can use bonnase's existing infrastructure and cerp can bring it on stream quickly.

Give me the date and time where I said saffron has it's own infrastructure in place.

I'm NOT a "naughty little ramper". I'm a private investor of Columbus.

And that twitter link you are talking about was the picture of saffron that CERP posted and I was asking questions about it to the more knowledgeable investors.

So please DON'T LIE any further and try to mislead other honest genuine investors, you Naughty little Troll!

Thanks Schroders! :(

thanks for posting the link willec!

Bamps21

Yes, it seems you were absolutely spot on, well done! :)

What are you talking about? Saffron is about to hit it's primary target, lower cruse which has 77 million barrels reserve with 11 million recoverable. For a a tiny company like CERP, it's absolutely massive!

GL

Such a wonderful news! I repeat, if it starts producing like LK said, CERP WILL HIT DOUBLE DIGIT ATLEAST IMHO!

GL all :)

Again no idea pete
The SP is extremely low now anyway so shareholders haven’t got much to lose anyway

Let’s see what news we get next