Member Info for PageofCups

Good time to buy fjones.
Can see a bounce back to 0.8p

Some drop over the last couple of days on low volume. Buying sub 0.6p. Won't last long as it's rather overdone with news inbound.

CEG will present their findings to the Bahamas Government on the P#1 well result and on whether there are likely commercial volumes of oil within the licences and if so CEG will apply for the next 3 years of exploration as is their right, which the Bahamas Government are duty bound to grant. Of course, licence fees are agreed in advance for each 3 year period. The Bahamas Government have no right to the survey data. This is commercial information that belongs to CEG. They may purchase the data if they wish.

Government don't own anything apart from the granting of licences and the royalties that come from any oil company that produces oil.

Intellectual property belongs to CEG.

CEG own all the 3D data for the licences. It cost $40m to acquire. Not to mention all the data for the previous 5 wells drilled and of course the latest Perseverance well data. You can't drill without this data as you won't know where to put the drill bit. Anyone else would have to acquire CEG's survey data. It would cost a lot of money to do that. Better off doing a farm-in with CEG at a fraction of the cost.

CEG have four 3 year periods with automatic renewal at the end of each 3 years. This is the renewal for the third 3 year period, (9years), out of a total of 12 years.

Nope. Bahamas Government are not issuing new licences. All licences for exploration and production in the Bahamas belong to CEG. They have the acreage sewn up.

No other company can bid on the Bahamas licences. CEG have a 12 year monopoly on the licences in the Bahamas.

A 3.3m sell at 0.67p, but a big buyer is hoovering them up at 0.7p

DavidBrent, I think casting ugly dispersions like that is a reflection on a persons mind that is filled with self loathing.

I see President Energy have just agreed a farm out in Paraguay after drilling two wells and striking oil but not commercial.

The doubters will continue to doubt, but realistically, the approval of the budgeting for CH1 well and it's drilling is seriously good news.

It's a big thing for the government to approve the drilling of CH1. This must mean a lot of other things have been agreed. AEX should issue an RNS.

No agenda. Just facts.

Sounds crusty and stale to me. Lets look forward to the drill. There are more positives now than ever.

https://dailynews.co.tz/news/2021-06-0160b5c9855359a.aspx

How come?? They hadn't made the onshore gas discovery 10 years ago or had a farmout partner. Plenty of over reactions and exaggerations seem to be the norm on BB these days. Old crusty holders have clearly had their fill. Move on and let others see the positives so they can be rewarded.

I think it's just shareholders getting uptight and making mountains out of mole hills. The main news is the licence extension and the start of the 3D seismic. Who really cares about last years reporting.

A lot of companies are behind on their annual reporting. It's due to Covid-19, hence the two month extension granted to all companies for reporting. It's not an Aminex thing. That's the point.