Member Info for Obadhia

Yes, have little doubt the 'merger' will go through regardless of the level of disgust held by the majority of CERP LTHs.
Am equally sure opinion and feelings will soften once it's gone through, then a case of riding the tiger uptil P1 spud and then oldies like me who cannot afford a 7 in 10 case of failure will hopefully sell into a rising price and bid farewell. (maybe a partial farewell by keeping a pittance riding for fun!)
Qu to the more knowledgeable BPC holders ... What are the ramifications/penalties if BPC fail to drill P1 before the end of Dec?
TIA

Whilst we're all guessing you could put forward a reasonable theory that Heritage turned down their request for new terms re. Goudron where the bulk of their income came from albeit at a very thin, and unsustainable, rate. Perhaps new improved terms were more crucial for survival than we realised.

You're right on that score Chesh, title/position didn't make much sense to me .... I'll book two appmnts!

Three years down the drain Koot, share price less now than when you launched the company. Proud of that?

I see Koot's appointment as drilling NED as a short term gesture, lucrative no question and I'll bet he's out by this Christmas.

I think the ball was just about to cross the goal line, putting Columbus in the lead, and now it's been booted back to the half way line.

Frankly disgusted with this turn of events, we've only just received 'company transformational' news and with so much to come on so many fronts I really thought the 5 year road map was on course to deliver. It's a shocking, poorly disguised sell out and I'm sorely ****ed off that we've been duped by what we recognised as a trustworthy board.

You certainly get the juices flowing Bamps, if you'll pardon the expression :-)

To be precise, 3.9% target holding in Oil and Gas sector, actual holding 2.1%.
Which begs the question why continue offloading in one of the UK's smaller companies hottest oil prospect (but just maybe I'm biased!)

Oddly enough if you look at Schroders UK Smaller Companies Fund, under which CERP is held, then look at the asset allocation percentage by sector you can see that the target holding for Oil and Gas is a shade under 5% but their actual holding virtually half this figure. Data as at 30.4.20

https://www.schroders.com/getfunddocument/?oid=1.9.1599552

Pathetic, utterly pathetic.

Bespoke, obviously contractors and Lind are in the picture too. Schroders sold off 23m between Oct 19 and mid-Feb this year and, probably due to the very low price/thin market did slow down over the last three months.
But they are still offloading and that's the point. Hopefully the contractors payment scheme will see change.

Point here rhodi is that Schroders have taken 6-8 months to shift exactly 30m shares and, if their ambition is to sell out completely, there's another 87m to clear. It's very obvious they have aggressive sell orders in that trigger against any rise as and when that happens. Damage limitation move up to the BOD.

Believe it was Razorman who had a chat with Tony Hawkins re. seeking another insti to maybe combat the Schroder sell-off situation. Seem to remember that TH replied success at Saffron would be key to such future talks.
As there's no doubting the success we've encountered I wonder if cross-talks are underway, or soon to be, as this overhang continues to hamper any price progress.

Last post re-posted in error. What I meant to post is well done to Bamps re ITM and hope your intuition and confidence is as strong and successful re. CERP. Long way to go.

......or Schroders stops selling.

......or Schroders stops selling.

4 weeks passed since the big news, wonder if we may see comment on zone 3 test results very soon.
Momentum chaps, momentum!

Just be careful you don't meet and bang into yourself going forwards.

"Will we have to join opec,and contain the flow,or can we just flood the market ,who will take over shell or bp the mind boggles,at such wealth to come,that's not a ramp by the way". Dozy ****

Jeez, the epitome of a d/head that hasn't a clue which direction he's heading in. Sarcasm one moment, big time investment the next. Clown.