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Production is averaging 400 bopd at $80 or thereabouts. So 2021 might turn a profit or breakeven or show less loss. 2022 looks like turning a profit.

That's even not looking at Uraguay.

Perhaps someone who is more researched can explain how CEG operates Ponzi finance? Preferably someone who works with the old lady of threadneedle street.

Burren, no point in calling it right if you are a nickel and dimer or in his case zero. Some peeps go round with display boards saying the end of the world is nigh. Sure in a few billion years, perhaps. CEG hasn't exactly hit a gusher. Just the way it is. The CoS was always on the low side with wildcat "legacy" drilling. It's the rest of use who are mad chancing it. Put it this way, everyone was wrong. He was probably wrong at one point. He flipped on the right but didn't have the courage to short. So, he's psychotic and we are crazy. Happy now? Some called it right and made a killing.

Have a good weekend.

Burren,

Check out PRD's latest RNS 29th June states:

"· Discussions opened with FRAM Exploration Trinidad Ltd. regarding a settlement to the dispute surrounding the premature termination of the Inniss-Trinity CO2 EOR project contrary to the terms of the Well Participation Agreement."

12bn is psychotic over BPC/LGO/CERP/CEG for years. All this time he has called it right. The mystery is he's not short nor has he ever been short. Not looking like PRD wants litigation rather a settlement. That would depend on the merits of the case they are making.

12bn most likely got burned along the road and has a big axe to grind.

Zaq, technically not economically it's the Caribbean; a CARICOM member. To all intent and purposes you lost you pants in the Caribbean sea. Apologies.... my humour can get the better of me. This is what you get for skinny dipping in the Caribbean sea.

bs vega

This is the interesting part about the Shell and APA corporation acreage: "specialised international companies to meet the proposed commitments is estimated to be close to $200 million" and “must be assumed at the entire risk of the proposing companies” and "In OFF-6, APA will undertake the drilling of an exploratory well within four years" and "CEG sitting pretty on early entrant to its acreage". In the meantime, Zaq can sit pretty knowing that he "might" or "may" be able to retire with a nice pension - that's if he didn't go for a fire sale in stocks.

Zaq,
Au contraire! If you did your research you would have lost your pants. Did you lose yours in Caribbean Sea?

Think there is an illogical view to keep averaging.

He's another crazy like use.

Not as much as I did with legacy BPC that made me go in on MAY. Can work with one antipodean bunch why not another? Won't be long before some mad lab rat creates a franken-pig that flies.

Mad,
I haven't been on a cycle for some time. However, I'm a bit excited about Uruguay's prospects and there might be living in this dead donkey yet. Now that all the sane peeps have left and only use nutters have stayed behind who knows what could happen. PRD rattling the cage has to be positive. If there is nothing why rattle the cage? Well, I stupidly like the most insane person on the planet averaged today so I'm only looking at a smaller massive loss - the straight jacket fits me well.

One word: Uruguay.

" I believe this stock will go up over the next 6 months all the gains will be made in that period, then the stock will consolidate for 18 - 24 months, ... but I personally think the big move will come this year and then when investors become bullish the slow bleed will start again and last for 24 months."

If I know anything about anything is that I know nothing about anything - pretty much sums it up. A gusher is always round the corner?

I've already declared myself insane, especially after P!.

Suspicion falls on PRD's chronology which would reflect badly on other forward-looking statements made with other matters not related to CEG.

We're not all expenses paid labour exchange. We're here to make money. If the bod wants social security go join the dole queues with the rest of them.

Received letter in the post this morning suggesting it was in the company's best interests to vote in favour of the EGM resolutions. Have to suggest that pigs fly with those shrooms. Naturally after having little left to show for it my vote reflected the value of my holdings. Against.

Ross, agree. It's still the wild west but bound to be diamonds in the rough. It's interesting to see which crypto has negative beta to BTC. If, say, BTC folds what is left standing.

Umpire, imho you'll eventually become a crypto expert. I find NFTs surreal but the sums involved are collosal.

jono44,

How very perceptive. You ought to be a detective. lol