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A profit in the bag is good when you're out. My opinion for what it isn't worth is that if you can hold this down to near zero than you'd be weak for not holding it and letting it run further in the black.

I'm going to be buying the top on this one going forwards.

Chevron doesn't throw money at something unless there's something worth exploring.

Yeap, it might double by the end of the week or it might dive.

Who cares were it goes in the short term.

;p

Being buying this for the past few months. Bl#eding popped today.

Why can't you guys just keep mum for a bit longer?

Possible share buy back rather than consolidation coupled with Eytan purchasing £100k worth might start to raise eyebrows.

Let's not forget that Eytan claims to have lost 3 million with P1 and now holds 7% in CEG together with a few Aussie billionaires hold 5% each. So he blew 3 million on a 25% cos. He then went on to focus on what he called Core CERT assets which are scratch assets and don't blow cash back to the parent. So call him Mother Theresa whilst your at it or a Knight in shining armour that saved BPC because let's face it he shafted his cash for a few watery donkeys in Trinidad. We all enjoy reading the fantasy story Eytan but show us the money and keep your justifications and delusional heroics for the tabloids or bedtime reading.

Fatal,

Correct me if I'm wrong, but didn't Eytan give up on the Bahamas licences? Wasn't he part and parcel in the drilling that was P1? Didn't P1 turn into mockery with the BoD bricking it with environmentalists? Wasn't he part of the team that got CERP? Didn't he abandon the BPC drive to focus on a few watery donkeys that CERP held? And now you expect miracles in Uruguay??!!!

Phlus or Willec is in over his head drowning in CEG stock paper.

Willec,

Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results.

Message to the BoD : the SP is where it is because it deserves to be there. You can't beat the market.

You'd think they'd be more innovative then doing a rerun of the old BPC chestnut.

Will those who keep banging on about multibaggers take their hand bags home with time. Trolleys.

To many shares in issue sharing to little income. Any small incremental income rise gets micro minutes small. Beware that rampers !!!

I really hope that Eytan starts sharing his allotment produce soon. Willec needs some potatoes.

Rumour has it that Wyran got himself a Lamborghini on the back of those advanced farming discussions with majors.

We've been here before with the hot property scenario. The Bahamas licences were suppose to hold billions of barrels of oil. Problem is we drilled P1 by throwing darts on the scans. Well, it turned out that way. Oh yes, discussions were advanced in the show room back then.

We all know that the one's who ramp on these discussion boards are the first to sell as soon as the SP goes north.

You got the BoD who have always talked endlessly about eldorado - well, show us the money as talk is cheap.

Then you got the rampers jumping in trying to generate favourable volatility for themselves - Ponzi style.

The rest of us are happy being cynical - due to previous actions and sitting it out.

The sensible won't even bother looking or researching and due to opportunity costs will pick elsewhere.

No. It's being viewed as a BPC rerun. Look! Don't you recall the endless RNS releases about farm in/out discussions. Didn't amount to anything back then. The Bod hasn't changed much. Eytan was also at the helm or is your memory short?

At present CEG doesn't have what can be termed a meaningful revenue nor market cap. Plus the SP is extremely volatile so it could go sharply down as well as up.

It would be very negative if the farm out speculation amounts to nothing as many of us have been here before with BPC.

Don't believe anything until you can see the money.

We were shown carrots with P1.

Willec not a placement. A consolidation. You are very confident and shouldn't fear it. The SP would only get walked down post-consolidation if the company isn't performing. Who cares if you hold a few less zeros - unless you're not really confident at all?

That's up to the BoD. The pattern has always been to grow rapidly and that implies raising capital.

Now, I recall Potter was a one trick pony and tried to go big or go home. Problem was he picked the wrong place to drill P1.

Eytan has always struck me as being a slow burner. A practical guy who makes the most of what he has but he will eventually give into temptation if he finds a risk that warrants it.

Not saying he's a serial rinse and repeater. Just saying if the opportunity arose why wouldn't he go for it?