RE: CERP tweet14 Oct 2019 16:52
Bamps21, this is where you are getting it all wrong because you are comparing CERP with the likes of UKOG or ANGS. Both UKOG and ANGS are dealing with tight oil, trying to produce from unconventional oil fields conventionally, CERP isn't. CERP has already got the infrastructure setup which neither UKOG nor ANGS have, I'm talking about field development and infrastructure costs. LK has already said it cost below $10/barrel for CERP with get the oil out and together with the renegotiated SWP deal, the total cost is now half of what used to. And finally, neither UKOG or ANGS have got proper production licence. They are just doing long term production testing so they still have a long way to go. CERP has got PPL (private production licence) and can easily connect and sell the oil if it flows. The oil is down there, no question about it. It's just how you can get the out to maximise your production. It took CERP over 2.5 years to sort out all the issues and come to this point so stating it won't effect the SP, I think you are still underestimating CERP mate.