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Only just over two months to go before the next quarter is done.
Looking forward to the next quarterly update which should show a marked increase in production now bad weather has cleared. Maybe just maybe we might get one RNS in between now and then to confirm a decent M&A ?
Spot on Rugby, That's what I remember him saying about too many companies in T&T that's why I thought any M&A might be in T&T itself and not short term in Columbia etc.
Band,
Try JCG thread on ADVFN . Much nicer atmosphere in there as the trolls are banned.
Brilliant post Band.
Could never understand it myself either .
A lot of good people in here and some dire ones who want nothing but failure for CERP and it's investors.
I don't bother too much in here any more for the reasons you mentioned.
Hi Peter,
I know of another 11,000,000 taken up too but those people haven't given me permission to add them here.
Hi Jim,
And for the life of me I still can't understand why people are still in dialogue with him when all he wants is for CERP and all
Invested to go bankrupt.
Strange world for sure...
Morning Count,
It's been ongoing for the past year hence the SP.
strange though as no holding RNS and Absoloutely millions have beeen sold off so most likely multiple sellers just under the radar been clearing out. Once they are gone SP should rise nicely.
Nothing wrong with the company , we are lucky having the management team we have .
Just unlucky with the weather.
Onwards upwards from here.
Hi Lgo,
As for the word dividend, well I'm expecting us to be bought out before we reach dividend status .
Well done LK and team to battle through the elements and hit the target even if the average fell in the quarter due to crippling weather conditions.
Had this been under old management it would have been zilch with no backup generators or other blocks to rely on!
This is our year to come .
Well done for getting us this far even of this update wasn't Sterling this year will be.
All the ground work is there.
Glad Spain is going too and funded for next two years decommissions.
I'm also happy that in the RNS it stated that 200k bow has been pumped in.
That is some improvement as I was only expecting just over 100kbow based on investor evening event where around 79kbow had been pumped in so working on an average from when they started I expected the 100k figure.
So much to look forward too this year.
Just have to wait three months until next news.
Don't forget too that Leo is being paid £75,000 per year in shares at 5.1p so in his deep interests and other management to get this ship moving faster which they will for sure starting this year.
Ah bllx, sorry discoverer I forgot to add that to the list about predator , half production free carry as well to us or around 4m buyout but I'm open to correction just from memory.
Also I still think Goudron old CPR 800mboip upgraded to 1.3bboip could do wonders for us in CERP.
If WF is successful then maybe that can increase our REC to 5% from 3%?
And I don't know but let's say co2 could be used in Goudron in time maybe we could reach 7-10% REC as well. Far fetched or not I don't know but who knows I'm sure management could squeez more out?
I wonder if SH could use his Steam Flood experience from Mozambique or if the Goudron topology is not suitable for that type of recovery.
I still believe in Goudron as well as everything else . Who knows as well that in future I wonder if there is a larger area too , not only below Goudron as mentioned by Leo , but also around Goudron to give an even great CPR reserves upgrade?
Good Afternoon Discoverer,
I'm afraid your dialog with the Nan will be futile!
She only has one agenda and will not be swayed. I filtered a long time ago . Apart from this post I rarely engage now in anything that involves The Nan.
She wants to bring CERP down and all who sail with it.
God only knows why but has a gripe with something from the past with it or involving certain personnel as that can be the only reason, unless of course paid by someone.
Nuff said there from me about it but fair play to you for trying, you have more chance of a smooth Brexit! Saying that I think I found a better role for someone so perfect and never made a mistake.
Nan May
Nan Junker
Nan Trump
One leader ,one voice ,one way,
So Let the world be ruled Nans Way, that'll fix everything because there's only one real
Nan, and this Nan knows best , Sod all the other ones. :-/
Onwards and upwards to CERP ,LK ,GS ,SH ,TH and team
Have done a brilliant rescue job to now .
Now is the time to really start powering ahead with the road map , production, WF if ready, M&A , stimulation and Rejuvination , SD assets , SC still, now the legacy cack is out of the way or nearly once Spain is finally dumped. No point trying to Legal against Spain they are really corrupt and will look after themselves.
I love the Spanish every day people as deal with them fairly regularly. However , legal and politics there I see no chance is winning against them. Aimho of course .
We have winning management with some pretty impressive assets.
I feel we are on a win win here despite the piss poor SP . This will bounce as others have risen some by 100% or more since recent lows yet we have not. Demand will pick right up once good news is out and onward from there a nice bounce to six over the next three months imho. Sector sentiment has improved hugely recently and despite our lowly SP I feel this is purely down to the large persistent seller of the last year or so. No sooner any buys pop up then bang ,in come the sells too. This will peter out though I'm sure once buys outweigh sells and once seller has done one.
ATB onward and upwards for all Cerpers.
Morning Faz
Can't find the app for the mobile site .
Hi Peter ,
Please could you update my holdings on the list , not much of an increase but every little helps .
Now 1,244,736 . Thank you .
Hi Pinwiz and others , just filter them , trust me , it really does make for so much less frustration and filling the board up with repetitive utter tripe!
I'm very very excited /positive about 2019 for us invested here.
So much to look forward too:
- WF
- M&A
- Goudron remaining 17 wells brought online to add to production since last update to make the total go 75 as last update 58 had been brought online
- co2 project 350 bopd low end half to CERP for free or 4m$ cash in bank buyout.
- continued rejuvenation project across the board.
- north Cory unexplored assets along prolific fault line
- Snowcap also being drilled pending water cut should add further bopd once water separation complete .
- SWP WIP update program , my guess is mid to end of spring start time as schedule was brought forward twice from the end of summer planned works but two F.R allowed fast track of this project.
- M&A maroon with an update on the longer term green potential huge deal too.
- around 100,000bow injectedup to now ( based on since last update 75,000 three months ago and monthly average workings. ) initial charging looked very positive so only a matter of time before increases of oil shows.
More water in more oil out. Can take 6 months could take two years either way not a bad thing at all.
- update on S.A plans , Maybe?
-and probably more that I have missed on this list but exciting times to come and a very lengthy detailed update on its way within next two weeks.
One of the most exciting prospects on AIM and not just for its assets , you need quality experienced management to access quality deals and assets not BS..ters.
The SP is low because there have been very few buys outweighing all the sells. Any time buys appear so do the sells.
When this pendulum swings on the update and good news the sp will react too.
Plenty of sellers this last year . Disappointed by the deflation of the initial Goudron euphoria of wells stimulation results.
Also a heck of a lot of legacy crap to clear from days old too.
A brilliant job done to date imho.
Now we can really go up a gear now. WF will redeem Goudron initial disappointment .
I have said for a while now Goudron CPR upped from 800mbo to 1.3bboip
3% REC but what will WF do maybe help to 5??
Then what about Co2 who knows what is we could get to 7-10% REC do the maths top end of 130mbo REC acheivable is a massive amount. I don't see why we can't reach 7% min?
That's only Goudron..!!!
This is going to be huge in a few years.
Afternoon Mike,
Good to hear from you . Christmas was pretty good nice to have a break .
You got me going there for a millisecond Ha ha!!! Only a matter of time and we will actually reach that 2000 figure .
Glad you had a nice Christmas as well and I echo your 2019 wishes and hope it is transformational for all involved .
Wish you continued success as well with your other investments as well as here .
Totally agree about patience . I would've had some really good success stories and I had the patience 18 years ago when I started getting interested in the markets.
It's definitely going to pay off here i'm looking forward to the next update for progress .
ATB for 2019 and beyond.
Thanks Phill.
I know what you mean about pages of garbage
Got so bad now sometimes one page is completely red!
Does anyone know ( I'm asking anyone else as know BMJ is very busy with businesses)
If Bigmj topped up a load more recently as I remembered his saying he was prepared to take his holding up to 10% IF the sp stayed below recent placing price .
Now these can be bought for 2.9 so rather than try and look back through pages and pages since that statement just wondered if BigMJ had posted about any more buying , or is he waiting for the results ?
Not just CERP that had a bad year in terms of SP performance. http://www.alignresearch.co.uk/powerhouse-energy/align-research-top-10-picks-2019/
Hope you all had a nice time.
Roll on next couple of weeks ready for the update .
It's going to be a comprehensive one with all that's going on that's for sure.
Wish everyone a successful Happy Healthy New Year ahead. So C'mon LK and teamplease deliver and thanks for getting us this far despite the hiccups.
Hi All
Hope a happy Christmas was had for everyone .
As of 22nd December 2018 BUY consensus .
1 YEAR Share Price Target 21p
From 2.9p scroll down a few sections to read .
https://markets.ft.com/data/equities/tearsheet/forecasts?s=CERP:LSE