Member Info for petersalkeld

I would have thought by 8th November as they should have reached or gone through the 'Upper Cruse' by then. If no news probably means they don't have anything positive to report - Of course, they may decide to tell us nothing until the completion of the drill and an assessment.

I cheated countdemonet but left out the vital bit - le 'spud' which I have corrected

29/10/2019, Columbus, producteur et explorateur de pétrole et de gaz exerçant ses activités à Trinidad et au Suriname, a le plaisir de confirmer le 'spud' pour que le projet aurifère Saffron a été approuvé par le Ministère pour le forage du prospect safran dans la péninsule du Sud-Ouest, à Trinidad. La société prévoit passer au forage pilote avec un trou pilote de 8½ pouces dans les prochains jours. La société prévoit que le puits prendra environ 30 à 45 jours à compléter et à évaluer et mettra à jour le marché le cas échéant.

29/10/2019, Columbus, producteur et explorateur de pétrole et de gaz exerçant ses activités à Trinidad et au Suriname, a le plaisir de confirmer que le projet aurifère Saffron a été approuvé par le Ministère pour le forage du prospect safran dans la péninsule du Sud-Ouest, à Trinidad. La société prévoit passer au forage pilote avec un trou pilote de 8½ pouces dans les prochains jours. La société prévoit que le puits prendra environ 30 à 45 jours à compléter et à évaluer et mettra à jour le marché le cas échéant.

In Perspective

Saffron is the moon and the cosmos lies beyond.
Saffron is a minnow in a larger pond.
We all are on a journey into the unknown.
Some will be uplifted, others only moan.
Optimists and Pessimists share a common page,
With Trolls continually posting, it is difficult to gage,
Exactly where we’re heading and the time it takes.
Depending on results, Leo may apply the brakes,
But of course the opposite might very well apply,
You never know, we could hit a significant bulls eye,
To reach our CERP Nirvana, whatever that may be.
It might be fantastic, but it’s not a new ‘North Sea’.

You are very kind, LGO-fan. I am sure not everyone shares your sentiments

Sorry, I got bored
Tongue in cheek attempt to foretell the future
Trying to be conservative in my prophesy.
Hoping, of course, that I am undervaluing Saffron.
Others may wish to forecast differently.
------------------------------------------------------
Striking a more light hearted note,
Distraction from the General Election vote,
This is an attempt to prophesy
or at the very least a try
to forecast what the price will be,
Of our stuck in the mud SP.

On November ninth we'll see
Something around 4.25p.
As we push through Upper Cruse,
With much to win and nowt to lose.
November twenty, Middle Cruse,
No news yet, no interviews.
But 4.5p now the norm,
Soon our future to transform.

By the 30th of November,
30 to 45 days remember,
Entering the Lower Cruse.
Now we might receive the news,
To push our SP even higher,
But not yet a 10 bag flyer.
We might reach around 5p.
Might go higher, wait and see.
Depending on bopd.

Anybody want a rhyme,
Just to help to pass the time?

Hi Bamps21 - thanks for that

Do we know how difficult the stuff is they are drilling through?

Rock?

As they have never answered any of my questions, perhaps someone who has had questions answered could ask them if the drilling at Saffron is 24/7

Bamps21 - I always imagined this was a 24/7 job - Is that not true?

Did the carpet of green mean I hit a nerve,
But nothing more than they deserve.
It might be more serious subjects though
The lovely thing is, I'll never know.

For those who suggested I might have a go, I have tried to encapsulate the words and the emotion and the hopes of yesterday’s RNS

Probably failed but at least I tried

Leo actively involved complete with welly boots
Checking at the rig site all its attributes
Making sure there’s nothing to affect the date
Of the given time to complete and evaluate
Sorting any problems if they prove germane
During the critical phases of the well campaign.

When he says he’ll keep the market up to speed,
I’m assuming he’s referring to this happy breed
Of Columbus LTH’s waiting for more news,
Hopefully something that will make us all enthuse,
About a climbing share price heading for the moon.
As we’ve been waiting patiently, that can’t come too soon.

Technical and structuring, resulting culmination,
After many years of planning and much preparation.
Finally it seem to me that all is coming good,
Unless of course we kid ourselves and we’ve misunderstood,
Looking only for the good, ignoring any bad,
But I can only see the good, Ross would think that’s sad.

So as we cruise through Upper Cruse, wondering just how thick
The oil bearing layer is, they’ll do the arithmetic.
Before pushing on to Middle Cruse and that is something too,
Could be even better, certainly hope that’s true.
The moment of truth now, reaping what we’ve sowed
Lower Cruse, fantastic, as we hit the mother lode.

Grammatical error in the rhyme their should be they're

I'm a bit of an ignoramus where drilling for oil is concerned

Does the RNS mean we start with an eight and a half inch drill bit and go all the way down with that or do we widen the pilot hole with a larger bit when the pilot is so far down

As you can see, I know nothing

If anyone knows can you explain it to me please

I had a rhyme ready for this moment even if it is childish

The Party

How many times have posters prophesied 10p,
At every past Christmas that they would like to see.
But perhaps this year it finally might be true,
And Goons and Trolls and similar might meet their Waterloo.
Wouldn't that be wonderful if Saffron did the trick,
Dumping them all in a virtual reality nick.

Certainly a party calls, if we needed an excuse.
Champagne corks a popping, alcohol abuse.
I've never made it to a cerp jolly in the past.
I'd love to meet some fellow posters who have stayed steadfast,
In support of Leo and his merry band,
For at last we're on our way to the Promised Land

So let us all keep positive but filter all the goons.
Surprised that some of us still put up with the buffoons.
Living like parasites on responses and replies,
It’s like their taking LSD, lifting them to highs.
They need to go cold turkey so help them on their way.
Ignoring them might well result in an LTH D-Day.

Hi countdemonet - in my book, that would be slightly dishonest.

I'm sorry Magoo, but I still think its strange

Leo said drilling SWP in September
The 3 posts keeping us informed from 14th to the 18th October as September got missed.
Then no posts having whetted our appetite when they over ran this later predicted date.
I believe Leo did say he would keep us informed of progress so I am surprised at the lack of an update,

There will be some that think something nasty is afoot with "a few days" missed and then "drilling next week" missed and then no explanation from the company for why it has been delayed.

So they are selling just in case.

I understand both your points Magoo and Qnard and I agree with both of them but it does colour one's judgement somewhat when one is hoping, at the very least, to get back one's average purchase price. i.e. Break even

I wonder what stories lie behind the LTH's reasons to invest in CERP

Many moons ago, I invested in LGO (now CERP) in the hope I could build my small amount of savings to a point where I could pay off my interest only mortgage.

Sadly I am still under my average buying price so making a loss at the moment.

I would need to sell my shares at around 21p to achieve my goal, so you never know, I might get there if I live long enough.

One lives in hope.