Member Info for output

Srdoddy,

You must have missed that discussion we comedians had about MAY (ASX). Oh well, never mind.

I would say that CEG ought to not give up on the Bahamas considering everyone else is finding the black stuff next-door.

ZagEgypt,

Heaven forbid. Shouldn't listen to me at all. I'm also in the same category. ;p

Never listen to a bunch of self-confessed losers trying to tell you what to do with your money.

In earlier history, during the Middle Ages, a challenger was mostly a dreaded foe or someone who wanted to fight to the death with a sword.

vocabulary.com/dictionary/challenger

You never know your lucky stars the hippy might be mushroom hunting in Suriname and as he picks a mushroom a gusher appears before his very eyes. lol rofl

I find this an interesting play simply due to diversification added to the portfolio. I've been building a small position. Not expecting much and would rather invest in this one as it opens the door to instant AIM diversification. Looking at TIR portfolio there is some interesting investments I would say most look high risk but add the diversification and it pays off somewhat. It's a slow burner though.

Zag,

Know how it feels. Here is an example of another company that took years to drill with different results.

energynewsbulletin.net/exploration/news/1425634/melbana-leaves-trading-halt-with-oil-show-announcement

Trinidad:
Current bopd 400 (not 500 as stated earlier). Let's say workovers etc the hippy increases that to 700 bopd

Suriname:

Heavy oil target to produce 500 bopd. Let's say the hippy manages 300 bopd

So, looking at realistically 1000 bopd as a target.

M&As:

The hippy stated he was looking at acquiring other producing assets. Lets say for argument sake he adds another 200 bopd

Bahamas:

Mother Teresa turns up and the hippy manages to pull off a farm out.

Uruguay :

Another Mother Teresa and the hippy manages to pull off a farm out...

So what we looking at: 1200 bopd

The story goes that he put the shares in his wife's pension fund this was just about the time it became obvious to insiders that P1 was a duster. He then did a runner and no doubt his wife's pension trustees liquidated quickly.

Druid,

I couldn't help noticing your alias when went on about mysticism. Think there is a fund that basis investment decisions on horoscopes and last I heard it was doing rather well. If it works why not.

Bohemia.

Assuming 350/d and not the stated 500/d as the hippy states. He really has his job cut out for him in TT. He ought to forget drilling in TT and look to Suriname. He only has pocket change left so ought to make the most of it. After all, the company is dire so go for one last roll of the dice and another wild cat drill. If it works good if not what's to lose?

All depends on production. This will sink or swim on that basis. Plus, any white knight who farms in on the Bahamas acreage. If the hippy can't turn it round it would be administration and total wipe out. My guess is the sp will rise on positive production news. Hence, why the hippy ought to put his money where his mouth is an publish them daily, weekly or monthly... but will he???

Been good chatting to you BarrenBoy. Take it easy....

Because I'm totally annoyed with the hippy who is definitely on shrooms. Anyway, my OS is slowing down. I've got to upgrade my hardware as it is not handling all the monitors I've got open. Despite all the criticism I hope the hippy turns this round. It could lead to wonderful prospects for him if he succeeds otherwise he will just have to wander the world traveling as usual.

It wouldn't be 10 million because you got to take into account "Government-take and other deductions". Hence, drops to 2 million.

It's roughly coke in lines with the market cap at the placing to that and it gives the hippy some wiggle room to turn things round. If he can jump out of the goldfish bowl and think out of the box shrooms.

The June 21 interim results stated:

"The Company's revenue in Trinidad from oil sales in the period, net of Government-take and other deductions, was $2.3 million. This represents an increase of 28% as compared to the comparable period in 2020 for Trinidad pre-acquisition revenues."

So, we know that at lease.

BurrenBoy,

How do you know it's 6? I reckon when you take the whole TT licences into account they must be producing at least 200 bopd. The hippy stated about 500 bopd in a recent interview. I'd take the word "about" as significant.

dh243,

Think most here are stuck with huge losses hoping for mean reversion as not worth liquidating for a pint or two presently plus you'll always find bottom fishers hoping to achieve a couple 100% return.

Really... and the hippy still wants to focus on TT. Ought to get his head out of the clouds...

BurrenBoy,

No idea what the bopd is cos we have not been provided with a recent update on those figures. S2 supposedly was producing 80 odd bopd. Although now it seems noncommercial. Last declared the average was about 500 bopd in toto. The messages have been confusing shrooms all round probably.