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Willec you know very well this is going to consolidate and your going to hold a few less zeros in your quantity.

Then, expect further dilution post-consolidation as new capital is raised.

Just the way it pans out in AIM. Now wouldn't it be wonderful if say

6 billion barrels is wholly discovered and claimed by CEG.

We all dream of being lottery winners...

Willec,

You know very well that SHEL has an mcap of 168.86B

CEG has an mcap 11.019M ok let's be optimistic say below 16M

Therefore, logical that the shares in issue for CEG is heading for consolidation. Especially, an AIM stock that is going to need to raise capital going forwards.

Keep your heads out of the clouds ladies... Keep it real please.....

Cybertron,

Yes lol

Willec,

There's 10,494,066,144 shares with voting rights.

So, what kind of consolidation can be expected. 10:1 or 100:1 or even 1000:1 ?

Cyberteon,

No idea who Jonnybogroll is.

Think you're overreacting to my speculation that consolidation is approaching. Logical with a small market cap and multi billions of shares in issue.

You know the score so get real and keep you head out of the sky/clouds.

Been silent for a while as had to liquidate my portfolio to pay off the mortgage. Did it by stock investing.

Has to sell my holdings in CEG at a loss - a BIG loss.

Kept an eye on the company and now going to roll the dice again on CEG though think consolidation has to take place as too many shares in issue.

Don't matter what we think on here. This will go up or down dependent on insider knowledge. The price action usually gives it away.

Well, I've seen this go up up down down down up down down down down down down down down down down and now up up

Any concrete whiff of a farm out and even the cynics will be amazed and those who averaged down to buggery will start seeing angels, Moses, David and even Jesus.

Draw your own conclusions.

https://www.reuters.com/markets/commodities/goldman-raises-oil-price-forecasts-very-bullish-opec-cuts-2022-10-06/

Goldman Sachs has raised its oil price forecast for this year and 2023, as the U.S. bank expects the 2 million barrels per day (bpd) output cut agreed by OPEC+ producers to be "very bullish" for prices going forward.

OPEC+, which groups members of the Organization of Petroleum Exporting Countries and allies including Russia, agreed its deepest cuts to production since the 2020 COVID pandemic at a meeting in Vienna on Wednesday.

If latest reduction in output by OPEC+ is sustained through December 2023, it would amount to $25 per barrel upside to their Brent forecast, with potential for price spikes even higher should inventories fully deplete, Goldman Sachs said in a note dated Wednesday.

Goldman Sachs raised its 2022 Brent price forecast to $104 per barrel from $99 per barrel and 2023 forecast to $110 per barrel from $108 per barrel

"You don’t have a CFO leave (whatever tripe used to explain that) and delayed financials because it’s all going so well, that is naive."

Pure speculation.

Can't see where you get the evidence that the company is in distress. They are producing more oil now than ever before in the company's history and on that basis, the stock looks heavily undervalued. It would not surprise me if the price goes north from these sentiment lows. Time will tell who is right.

Not fully specific case aware. I would imagine that legal opinion has been sort and, judging by RNS releases, CEG are confident in contesting the case.

The market is very sceptical on CEG and wants to see proof in the pudding before changing its mind. The only way this can happen is by Eytan doing as he is doing. Cleaning the balance sheet (no debt), increasing production from existing wells, and publishing any positive results. Everything is going to get dissected on the operating theatre. What could make the needle jump sharply , and even get Druids on board, is releasing positive news on a farm out, etc., in the Bahamas or Uruguay. Not every Druid would Adam and Eve it; regardless. The lows are just good opportunities to average.

Had the investment strategy bee contrarian we would all be quids in. Prior to P1 everyone was throwing money like water into BPC. Even Red-hot penny shares was going orgasmic over BPC. Now it seems that nearly everyone is adapting to the grumpy old man syndrome. It must mean we're going to get some good news. Who knows really?.....

CEG has a lot of acreage. They should partner up with majors, etc. Get the experienced contemporary human resources involved. 50% of something is better than 100% of nothing.

P1 turned out to be the wrong loation to drill. They didn't go to target depth because they probably didn't have enough encouragng oil shows. It was a bad pick. Might as well have thrown a dart.

Bohemia,

In broad agreement, CEG has to do more than just focus on TT if it wants to become a recovery story. Eytan seems to be looking at TT as the goose that lays the golden egg. IMO that goose is giving brass eggs. The real turnaround for CEG has to be Uruguay and any farm outs/ins in the Bahamas acreage.

A nice little rns update on the Trinidadian donkeys production. PRD board must be green with envy.

IMO the nonsense spouted out by some posters, on here, that the CEG board is filled with knuckleheads that don't understand what they are doing is erroneous. At the same time, they are making them out to be highly intelligent scam artists. In my view, most likely not worth its salt, the CEG board knows exactly what it's doing and know's how to fight off the claim made by PRD.

Well, Mick,

I'm not a legal person - the way I think this works is that PRD sues CEG for some alleged breach of contract. So, they submit a claim. CEG denies the alleged breach arguing that termination was done legally within the contracted terms and submits a counterclaim for the trouble caused, etc.

Well, all we can do is watch that court battle when it boils down to PRD v CEG. The resignation could be for any number of reasons of which PRD v CEG might be one. Throwing in the towel before the fight even gets started. The way I see it CEG has nothing to lose apart from a few water flowing donkeys in TT. PRD seems a good prey for a strong counter claim. Let the boxing match begin.