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Hi Edgar,
Just to let you know I have replied to your same post on advfn
Hi Edgar
I'd like to add something to this too.
I spoke with Gordon in person ( two other investors next to me ) and I asked him that very question of how long does it take for WF.
He said to me there is no definitive answer because it could take six months it could take two years were his words to me .
I personally don't think it will take two years but he was just being open and honest as it's hard to pinpoint .
The reason I don't think so is becauser there are a number of wells charging. If charging took longer then I'd assume yes it could take two years but as we are already charging then I wouldn't have thought it would too long long from now before we start to see bopd increases .
Let's say they pumped 79k BOW in four months then we should have topped 100k by now . Then 140k bow come end of December .
So maybe opd increase end January start February time ...?
On a positive though the longer it takes the more water they pump in before oil increase then more oil out in total .
I'm open for correction and is just my take on it.
Agree London ,
I am one of those that needs it to go ballistic to make a profit .
Morning Faz,
I agree, me Y.E sp guess as mentioned a while ago was 4.8-5.2 p.
Of course a surprise Christmas update with better than expected bopd would bolster sp and also any M&A news could do wondered but it all takes time.
Personally it seems like any M&A will be more toward middle to end 1st qtr 2019 and the green M&& even longer.
If love to be wrong of course and happen sooner.
Best people in place with LK GS and TH to do the M&A business.
Agree with you Teacup ,
I feel we will be spoilt here and like you said once we sell up we won't find a better one to invest in.
Mind you,saying that if the sp gets to where we all think it could I wouldn't ever need or want to invest such amounts again as I'd be contempt to live comfortably without being rich.
I would still invest but veryvery small amounts no more than say £1k just for a hobby and see what rhatcoyld turn it too or may even try reading again as I did back in o2 days they weregreat to trade but I missed out on the Telefonica buyout.
I think all my past losses experiences will have been worth it here with CERP.
I'll be out once CERP makes it .
London,
Couldn't agree more. Although I do strongly feel here is different hence why I'm virtually fully invested here eggs n all that.
But I think you're spot on for well over 90% of the companies listed on the index.
Good morning all ,
Just want to pass on some awareness advice with regards to anyone planning potential trip to future Columbus presentations .
As you know it took me five hours to get to the venue last time and that previous night I only managed four hours sleep too.
Needless to say after the presentation I left around about 22.15 I felt pretty exhausted for the return journey.
On the way back I stopped at fleet services And grabbed a couple of hours sleep to recharge for the rest of the journey . ( slightly quicker getting back as much less traffic )
Anyway , today I just received a £100 fine Because I actually spent three hours 59 minutes Sleeping in my car as I was knackered . Correct me if I'm wrong but isn't that what motorway services are for and have signs up on motorway saying tiredness can kill take a break Which is what I did . Since when did they start charging to take a break . And why would they charge for this as all I did was sleep in my car ??
So just be careful anyone planning to sleep or take a break at motorway services . Very strange what this country has become ?
Secondly :
I paid £28 to park for four hours near the venue but next day I received a text at 10:50 AM to tell me my ticket was about to run out despite me already being at home .
So whether it's free parking after 7 PM I have no idea or after five as I was actually there at 5:30 and I called up the number on the ticket machine and paid with debit card to start from 6 PM
Why they didn't charge me for the four hours that I was actually there and not for four hours from 7 am until 11 AM the next morning I'll never know unless of course parking in London after five is free which I very much highly doubt .
Anyway I just thought I would pass on this information anyone that will visit London in the future for presentations might use public transport instead .
Om
Afternoon all,
There has been a lot of talk recently of dilution including from myself but the positive effects from CERPS positive reason with this.
If we were to be in a position of excellent results from Bonnase and Iacos well deepening in to the Herrera along with early M&A and the planned major drilling in 18-24 months time possible sooner then all the dilution will have been worth it and who's to say eventually that there could be th possibility of a share buyback reversing earlier dilution thus increasing the SP further .... maybe we wouldn't make it that far and get bought out but is just another take on possibilities.
Morning Capital,
I'll be totally upfront about that. I don't know and can't say about Leo's plans for that .id asked so many questions we ran out of time. But his words were "BIG OIL will be queuing up to get in on success at SWP"
My own take is , the feeling I had was maybe LK would like to go it alone on the first drill but pending any mind blowing F.O deal that could happen that he won't do it on the cheap it would have to be a stonking deal is my take.
Can be viewed in a few ways really .
Let's say green deal ( will not be enough to dilute shares only) would maybe be a debt for equity scheme, or percentage deal
Of a current asset.
I even wondered if we good use Goudron itself to offset against a green deal instead of SWP.
We have 1.3 billion barrel OIP in Goudron with a very small 3 % RR on that.
Now with WF progressing well on the face of it with multiple charging on many links this
could also
Help in negotiations. They could also use the what lays beneath Goudron as well because of the amazing API involved with the Goudron field the amounts below could be enormous.
If Goudron RR could increase to say 5% or even 10% currently I think we have 11mbo REC from the 3%
Take that up to 5 or 10% and that in itself is a material difference.
So I wonder if there is a chance we could do a deal offsetting that instead.
Could be a mixture of debt for equity and % of an assets deal combination.
We will find out in good time and we have the best cream of the crop working on this for us with Tony Gordon and Leo for the negotiations.
Post continued as it won't let me type anymore
So we were restructuring finances .
Now we are in the zone of transformation so wait for the big acquisitions to come .
Theywill be adding a lot of barrels per day with a lot of exploration involved as well no doubt .
If all goes well everything goes to plan or pretty much to as there are always small hic ups along the way then I see no reason why we couldn't get more out for 2 to 4 pounds if we do strike big oil from those 12 targets
Morning Middle East money ,
That post is amazing because the way you wrote it is exactly like it could've come from me .
I was having an email conversation with somebody and I've been writing exactly those same things and scenarios about the prospects and 12 -14targets .
I couldn't agree with you more .
Even when I spoke to Leo in person I mentioned about the .5 B figure and how that could be far exceeded should we strike it back on the 12 targets . And he agreed and said it would be in excess of that figure .
Remember big oil companies would be queueing up so we probably would get taken out at some stage should we find those sorts of quantities of Oil. Big oil is already interested and have made enquiries .
The figure I was mentioning to somebody on email was £2 couldn't be ruled out .
I do agree it could even go higher than that who knows why not up to 4 pounds .
Initially yes there is further dilution to come but what we must remember is it will be dilution but for incredible gain.
M&A has already happened on a small scale with steel drum deal , of which we are to see the real benefits that will come to fruition .
We will have further M&A news and yes there will be dilution involved but valued dilution I call it . We are not just going to raise funds to drill a wildcat well get the duster move onto the next one and call the market again .
This is a different outfit here with this company and management .
Any merger or acquisition News Will be no doubt at all benefit all of us as Leo is on our level has shares and needs the company to grow for himself as well as everybody else .
Once we get to a stage where we have Some large M&A News , this will probably consist of current production and exploration opportunities we will be completely self sustaining so there will be a point where there won't be any more dilation like a cut-off point because we will be making enough money to keep drilling keep exploring using existing funds . So then ask yourself the question like Middle East money said which I agree if we did hit massive oil and don't forget this would be massive oil on a world-class scale big oil even for a major oil company.
Look how tiny we are now even with upcoming value dilution the value of any massive discovery would crush the previous dilution effect.
I have seen before with oil companies that have literally rocketed up into the pounds from being just a few penny share .
Remember the roadmap . We are now entering into the transformative period .
We have positive waterflood to come
M&A news
Rejuvenation At Goudron on the remaining 18 Wells .
Rejuvenation across the new steel drum assets.
Snow Cap still.
Deepening Of iacos and Bonasse in to the Herrera.
Look how we have increased acreage on the map from just Goudron to where we are now .
And those three acquisitions when even in the period of transformation time .
Th
Thanks Gents.
H-L sent nothing through the post. I'll contact them.
Thanks again all.
Really appreciated.
HH
Please can you post a link to the form .
I browsed the website though my iPhone and can't find the form.
I want to vote in favour of the Raise as makes complete sense moving forward and excerlating the work program without tapping in to the Lind facility .
Thanks
Thanks and no probs TC none taken just explained my postings and yes I took a lot last week and really appreciated the kind comments and ignored the slanting ones .
Great post Bamps.
Agree with posts Mj.
I have more than put money where my mouth is as you and many others have .
Such a small discount in grand scheme of things.
Folks look where will be in a year or even six months compared to now then will wonder wtf all the complaining was about for such a small fraction of a discount .
Onwards and upwards. Thanks again Mj for the investment and bigpecs and all other buyers.
Hi TC
Fair enough I will stop.
Not offended and sorry it's seen that way.
I just merely wanted to say thanks genuinely so and with sincerity as always nice to be polite and thank people who have helped the cause and so in my opinion was meant with no suck suck involved .
I just saw it as credit where credit due.
Also my comment about googling BIGmj was genuine not meant in such a way.
I really didn't know who he was , never heard of him until CERP andas I used to train in the gym I had respect when I saw what he can do if it's right one.
Anyway, I take on board yours and others wishes for that to stop and as it's seen that way I'll respect that and refrain from posting that way and just focus on the company .
Apologies it all came across that way.
All Good
OM
Thanks for the reply BIGmj.
Not sure if it's you but I googled your name. Loads came up but I think you're the Weightlifter one? If so bloody hell
you're strong for your weight . :-0
Morning Faz,
From memory I don't recall BIGmj saying 60-70 i could be wrong .
I do remeber him mentioning he was holding for 50p which is still a massive number.
Maybe he will offload
Some at a lesser sp because he might think to spread his risk maybe he will top slice at 20-30p range only he knows this. With the amount of shares that he holds I wouldn't blame him if he did as that is still 6 to 8 Bagget from where we are at the moment .
What I do know is so many are grateful to him for invest in helping us to make money as well as himself and moving the company forward with the most capable team possible .
Look just go away.
It's obvious you're so negative and just trying to drive SP down for a position for yourself . Whether you got burnt before
I just don't know.
I got hugely burnt in lgo I don't mind admitting but rather than just be so negative all the time answer me this.
We are not lgo any more , I'm invested to make back my huge losses and added a lot more shares by my standards .
So answer this: WHY ARE YOU HERE????
You're not invested why waste you're time
In this thread. Do you have something personal against LK.
Are you some way related to NR or good friends so have a bitter pill
?
Why the hell are you going on and on about a share you don't even invest in ? Unless of
Course you're hoping to drive it down so much lower which WONT happen now.
If you're wanting in then buy in. If not why don't you just do us all and yourself a favour and go .
Maybe you have a medical condition or something which ok then I'd understand a little more as to your whole attitude and wasting your time here.
Simple as that .
Good morning Mike,
Couldn't agree more with that post . You are an absolute asset to us smallholders and the company .
We are all here to make money and by your purchases and the smaller ones from people like me and larger Buys from middle sized holders allows everyone to progress and Leo to do what he wants which is take the company forward which he has done fantastic job in the first year and a half .
Completely agree, I have no bugbear about the open offer at all because it's a small amount and the fact that the price it was after that was only just below where the middle price was first thing this morning .
Do I look at it is you are putting up substantial amounts of money amounts most of us can only dream off so why shouldn't you be entitled to a discount as you're affectively bailing us out without having to use the Lind facility .
The amounts that everyone is talking is so negligible when you look at the bigger picture and a larger timeframe as to whether share price will be compare to where is now there won't be one person complaining ( sorry, I lied about that but there will be at least two people complaining who seem to be serial complainers no matter what )
I've taken advantage of two purchases 52,003.79 recently and today 78,000 at 3.8 which takes me to about 1.1 million not including couple hundred thousand in sipp. These are substantial potentially life changing amounts for me when this comes good .
Any people that have a problem
with you buying more are they traders tough on them if that's the case
The majority of people are very pleased even a couple that I know that felt disgruntled and started bailing have now rebought as well .
Onwards and upwards and thanks Mike for supporting all of the shareholders and allowing Leo to progress and do the things that he and the team do best .