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Faz , last years " end of Q4" RNS came on 21st Dec, in which case there is 2 weeks to go if he does the same again. OTOH we might have to wait until early Jan 2019 if he needs the extra week to get to touch the magic 1000bopd!
Brycen, there are two plausible options really and nobody honestly knows.
1) There is a theory that he is paid by some boiler room type operation to try to run the price down.
2) By his own admission he does not currently own any CERP shares and yet he is on here about 20 hours a day, 7 days a week. That seems to suggest a sad lonely figure with no life outside of a BB, who is constantly attention seeking by posting against the grain in an attempt to generate replies that he can then reply to again, ad nauseam.
Does what he says have any merit? Well, yes he is very plausible, and there are two sides to everything and nobody can honestly argue that things haven't gone quite as smoothly as LK originally forecast 18months ago, but we are still less than 2 years into the 3 -5 year roadmap so there is plenty of time. LK's track record is massively in his favour that he will deliver what he has said ( given that nothing in this game is certain) and there are II's on board with a lot more money and knowledge than most on here have, and they are adding to their holdings not selling, which must count for something.
At the end of the day everyone must decide for themselves, and anyone who invests or sells, on the strength of BB posts is an idiot ( Yes, been there, done that!)
Interesting that with this mornings updated list, it now accounts for over 50% of the total stock in issue as at 9th Nov 2018
Peter, you can add in 226,365 for me.
Those figures I quoted earlier are from the AJ Bell wesite, but it is undated so not sure if it is up to date
https://www.youinvest.co.uk/market-research/LSE:CERP?tab=6
Faz, RNS back in July confirmed that the shares remumeration agreement would be converted to share options instead:
"The Company and the relevant employees have agreed that the Remuneration Shares will take the form of share options, which provided the Company with more flexibility but does not change the number of shares to be issued in any way or provide any additional value to the Executive Directors or Executive Management members."
Peter, have you included the Directors holdings? I think they are
Michael Douglas 1,472,917
Leo Koot 700,000
Gordon Bowman Stein 515,449
Thinking about it in bed (!) I'm not 100% sure if it was this deal or another one that Ritson was playing with, but I think Advance had an IPSC on Moruga north but hadn't fulfilled the terms of their licence, so Petrotrin wouldn't give them permission for the farm-in. Then Petrotrin took the IPSC back for non-compliance and were going to reissue it and we were supposedly front runners but then we were falling down the hole and it never happened.
I'm pretty sure that Moruga North farm-in just faded away because there was something wrong with the Advance Oil title to the license.
HH,
without knowing which model we are talking about, somewhere about $150,000 - $200,000, looks to be the ballpark
http://www.totaldrillingsupply.com/index.php/oil-gas/workover-rigs/under-700hp/cardwell.html
Tescup,
Thanks for that url.
If you are seeing what I think you are describing as "and also several tall slim metal parallel structures that I honestly couldn't say what they are. " then they are wind turbines in pairs either side of a road. I'd guess they are nothing to do witrh us? If you are seeing something else then I apologise.
Teacup, are you seriously suggesting that he forecast 1000bopd based on the fact that he MIGHT acquire more fields? Get real!
Then, nobody said that he won't get 1000 from Goudron alone, and if he does then I will certainly consider that as being tomorrows jam that he promised. However the most recent figures from Goudron and all the chatterers on here suggest that Goudron will be woefully short of 1000 and the recent acquisitions will be needed to achieve that figure.
Thats all I have to say on this subject.
Yes, and that 1000bopd was promised when we only had Goudron. Now we have all these other fields as well, together with millions more shares, and its still only a promise of 1000bopd.
For 18 months he's been promising jam tomorrow and all the while diluting my shareholding. Now is the last chance to actually show me some of that jam!
No you'tre not mistaken.
This whole business stinks.
First its a wonderful deal to but Steeldrum for $4.4m but then a couple of months later we find they 'forgot' to mention a debt of $1.25m that had to be covered, so the actual price is over $5.5m. Now we have another placing to cover it, plus a bit for drilling that we have been told repeatedly was going to be funded internally.
The big boys don't mind a 'small' dilution, it's peanuts to them, but for us small PI's its yet another nail in the coffin of ever getting our money back..
Bamps I suggested a Predator reverse T/O as a possibility some weeks ago for exactly that reason.
A thought occurred to me and I wondered wheher the refinery closure might affect prd's CO2 source. In my investigations I found this, which despite it's title doesn't appear to have anything to do with CO2 as such, but might suggest an additional small revenue stream for us at some point in the future.
https://energynow.tt/blog/using-our-co2-emissions
That sounds like good news coming to me. He would hardly be stupid enough to set up an investor meeting, media and nibbles, to announce bad q3 results!
Mind you that probably also means the sp wll dive like it usually does.