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chancers

CERP is doing CO2 with PRD ONLY on Innis Trinity, nowhere else, as a pilot project where PRD is paying for CO2 injection.

CERP can include CO2 in their 6 other producing fields IF they want.

I hope that clarifies your doubts

GL

Tweet under #CERP on Twitter:

LK meet PRD CEO

Looks like the update will include $4.2M payment from PRD and M&A will involve doing a complete field development for the government of guyana!

IF TRUE then watch this rocket past 7p in a flash

GL all

Don’t*

Plz excuse my typos

DOBT FORGET, SP fell from OVER 5p so it’s going back to where it belongs but with this possible JV and upcoming M&A news, we might exceed previous highs again! Never say never in AIM

GL

I agree with Pete, its very like Guyana! Remember he said they will be doing the whole thing from start to finish for a Govt and Guyana has recently approved and started lots of O&G project and my bet is on Guyana!

:)

1. https://oilprice.com/Latest-Energy-News/World-News/Algerias-Oil-Future-Looks-Grim.html

2. https://www.cnbc.com/2019/04/12/oil-markets-opec-supply-cuts-us-sanctions-in-focus.html

https://www.ft.com/content/88dbeaf6-5b73-11e9-939a-341f5ada9d40

Venezuela oil squeeze will definitely push it further up.

In a nutshell, predator is paying for the test can buy it for $4.2M from columbus. But even if they don't, that would be a 150 barrels per day to CERP :D

win win situation for both companies :D

Bamps21:

"Pre-Pilot desk-top reservoir engineering forecasts for production guidance remain as previously reported with the objective of achieving 300 bopd by the end of H1 2019, subject to validating this pre-Pilot desk-top forecast following the start-up of C02 injection and production operations.

Operations are forecast to be profitable at current WTI oil prices and to generate an average net-back of US$10/barrel after taxes, royalties and C02 and other operational costs. Scope for reducing C02 and operating costs may exist as the first production data are collected from the Pilot C02 EOR operations to help facilitate planning for economies of scale.

Capital costs of less than US$ 600,000 remain as previously guided and are funded from the set-aside cash resources of the Company."

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PRD&ArticleCode=h236e1oe&ArticleHeadline=Progress_Update_Trinidad

:)

It keeps giving. Gone over $64, jumping around $64.30, may test $65 soon ....

GL all

and don't forget the WTI being over $60/bbl guys! Everyday passes, we are generating more and more cash organically meaning more money to re-invest resulting earning even more!

GL :)

google is just reacting to a late reported trade, it happens with google all the time

better focus on what's coming up!

GL

The rise is long due, no doubt about that. MMs together with shorters milked it as much as they could but with the upcoming news, they have finally let the SP go. It will go near 5p at some point this week, it has to coz you can't just devalue and keep a producing O&G company lower than exploration only companies.

Anyway, with the SWP tweet, it is clear that the company has made substantial progress in the background and gave us a hint about what's coming up. With the new base forming even after big sells, some big buys are also coming

GL all :)

with every sells for last few days which only means one thing, A SOLID RISE! :D

GL all

Wait for the FOMO to kick in at some point this week, then see this fly .... lol ....

So two wells which were pictured on the tweet, if we hit the minimum say 20mbbl, what will be the mcap and SP? And again if we hit say 50mbbl/100/200mbbl, what mcap and SP we might expect!

Come on chaps, put some lights on it.

Bamps21

Agreed! The whole CERP team was in Trinidad not long ago. And that tweet is hinting something big is about to happen, something for which we've been waiting for a very long time!

GL all :D

News with any substantial progress re SWP will draw attention to CERP and it will test previous highs over 8p IMHO. But with the news due Q1, provided it's positive expect to see 5p again, specially when WTI is way over $60!

GL all

"A busy week ahead for #Columbus, culminating in the release of our Q1 update next week. In the meantime, see a seismic section over the #SWP with two well trajectories. #CERP"

https://twitter.com/Columbus_ERP/status/1115276186853285888

So they have made good progress re SWP to date after all! :)

It's coming guys ..... :D

GL all

and crossed $64/barrel ....

but we are still jumping around 3.10p lol ....