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It seems we have some disgruntled ex employee posting on this board. Excellent RNS this morning. Lots in it of genuine value. Kobold will get us there, the value will eventually come out. Time span ok with me.

Racht2

You have to be joking making a comparison with Greenland and Tanzania. Tanzania are corrupt and radical. Currently discussing the options of either castration or death for same sex couples caught 'in flagranto' still lawdully degrading women as policy. Really. to Greenland?

Helium needs volcanic activity, what makes you think its likely AA have a cubic centimeter of Helium on their patch. Even if they did what makes you think they would not like more, world reserves are small compared to extraction and foreseeable need. A larger find in proximity would clearly reduce capex / opex costs on scale of economy.

You say you are unsure Greenalnd would back refinery facilities for Nat Gas and Liquifying NG. I believe, with equal validity but with more support from Govt aims, that they would indeed assist such an endeavour.

Do you, or have you, ever been on the board of JAY, of an advisor? You have a somewhat bitter approach to JAY

Regarding Ken titch, i dont think most critisism was about him writing against JAY, i read more critisism about him being a pompous self agrandising pigeon fancier who liked to bully others and did so at every opportunity on the Mike Walters Show. He is not yet proven to be right or wrong, the fat lady is yet to sing and Kobold are yet to drill Disko. Then we will really know, but not until then. What we DO know is that a good set of drill results from Disko, and these will be extremely good like Dundas, if the Disko geological DNA is comparable to Norilsk. Then JAY would have a share with Kobold in a globally significant mining opportunity.

Catbert.

I completely agree with you, any extra information that could underpin the economic case for Kobold to drill has to be good for JAY. The green case is beyond doubt, electric also looks as if its going to be replaced by Helium / Hydrogen. the Ni is also in vst demand ahead as is copper and the other metals Disko may come up with. Dundas is surely the monster it has been described as being since the 19th Century. I am bullish, stocked up and waiting patiently though it has to be said i have learned the finer skills of being patient as a long term JAY holder.

We are though, beyond doubt, at an inflection point with JAY, my guess is we will be hearing more about the Helium as well as Kobold before very long. As far as AA go this new BHP interest may stall or even speed delivery on our potential suitors.

Malcy all over it. Ten bagger if ever he saw one.

This really is looking like a total winner, or chould i say Chevron winner!!!! Drilling about to start just along the coast which will propell things when RNSd in the next few days.

As the Aptian drift-source was deposited in a narrow restricted marine basin, it is not unreasonable to look for it not only in the Namibian Margin, but also in its less explored conjugate – the Uruguayan and South Brazilian Pelotas and Punta Del Este Basins.

The Punta del Este basin, located in the southwestern Uruguay offshore sector, shares similarities in its geology and hydrocarbon potential with the offshore Namibia Orange Basin. Seismic evidence for Aptian and Turonian source rocks includes identification of regional high-amplitude soft kick events associated with AVO Type IV anomalies, considered to be a positive source rock character. Similar events were identified offshore Namibia, which indicated the presence and maturity of a world class source rock. The key difference in the western conjugate is that both the Turonian and the Aptian are buried deep enough to be mature for hydrocarbon generation (Figure 2), mainly due to a thicker Tertiary section thanks to a high rate of sedimentation coming from the Rio Grande Cone.

To aid seismic identification of thick Aptian drift-source and Turonian GAE source rocks, ANCAP and EMGS have ingeniously reprocessed CSEM (Controlled Source Electro Magnetic) data with a novel Gauss-Newton inversion that allows resistive layers, such as those rich in organic material, to be imaged. The recently shared examples of reprocessed CSEM data (Rodriguez et al 2023) demonstrate the presence of resistive undrilled reservoirs at an analogous level to the Upper Cretaceous Graff and La Rona discoveries in Namibia’s Orange Basin. Below this geobody there is a more subtle anomaly, but covering a large regional area which correlates with an AVO type IV anomaly suggesting it is detecting Turonian source rock (Figure 3).

Well I for one really like the presentation. Very clear and constructed for easy understanding. With 12 million in the pipeline from Chevron and Block 3 up for grabs in good waters along with Chevrons excellent deal to fall back on for comparison, I think Farminees for Block 3 will expect to be paying slightly more.

I will be interested to see what pressure the upcoming April drill will have on ulliel. Will he go for early agreement thus hedging April's drill,or will he wait for results which,if drilling successful,would greatly strengthen his hand. I really like Uruguay as a country to trade with,its stability is a very strong underlying reason for my investment here. Loads of oil is no good if host government is maverick and untrustworthy. Famines will be very aware of the Uruguayan stability. Our current 12 million Market cap is going to grow for sure. Success in April and .450 is a serious number. Good luck to all holders,we have loads to gain in the coming short,medium and long term. Lovely share. Many thanks to Ulliel.

This link shows the Argentina Blocks next to ours , Equinor Shell and YPF are all involved.

https://www.ogj.com/exploration-development/area-drilling/article/14305260/equinor-sets-timeline-for-exploration-well-offshore-argentina

We do now seem to be in a sweet spot with CEG. We have a mazzive Multi National as a partner for Block Off 1 and are looking for Tenders frmom potential partners for Block Off 3. We have got Blocks in this highly prspective area. See link below.

https://www.offshore-energy.biz/as-farm-out-process-for-block-off-uruguay-kicks-off-multiple-oil-players-show-strong-interest/

The next drill in this entire area belongs to Equinor with 35% YPF with 35% and Shell with 30%. It is CAN 100. This drill is in the deep Argentina Northern Basin, now move further up the coast into Uruguay waters and we immediately see CEG Block 1.

So this upcoming well, CAN 100, now just 3 or 4 weeks away is going to further ignite interest. If the geology comes in as a potential producer then its all aboard for another Guyana, but bigger.

We do have a lot going on, clearly Ulliel has done a magnificent job, not just in securing the Blocks at silly prices but ahead of the majors. He is now able to prove has done a likewise excellent job in negotiating a real deal for us in Block 1.

the Majors are clearly very interested in our Blocks so news is likely to be fairly rapid as the die has been cast in his very adept handling of Block 1 making Block 3 all the more enticing for those Majors who want greater exposure to this area.

How we are still at a 3 15 million Market Cap is beyond me, but the market trading has been very thin for a long time now. Things here though are seeing a rennaisance, . 25 years ago the big Institutions held nearly half of UK shares. Now they hold less than 5% having bailed out in the face of crises such as Covid, Russia, China the US etc. Its very interesting to see that Liberum pointing out that Euro Stocks are trading at just less than a 20% discount to their 25 year average, while the UK...wait for it, is trading at just less than a 50% discount to their 25 year average.

The brokers reckon on the UK stocks making a big comeback over the next medium term, with small caps out pacing the big boys. I am hanging in on CEG with 6 million shares at an average of .12 of a penny.

We still have the newpapers, commentators like Malcy and of course more RNSs to bring in more news. So far at teh current price we have not added the full value of the cash in the Farmin. It takes time. Once todays rush is over and any institution decides to grab a little bit of a 20 million market cap company, partnered with Chevron in the most sought after new Province in the OPil and Gas industry, the share price wil react. Its all to go for from here and i expect Malcy and tomorrows newspapers to say just that.

I dont really think that Eric S. can come forward to give an interview until the forward looking decision process from Kobold is known. he may well RNS it before his interview. RM said ' weeks and months ' which muddies the timescales somewhat but given Kobold are in Strategic Mineral Exploration, and given their success so far, one can only surmise they will carry on if they think the Ni & Cu are present in quantities enough to make their stake not just attractive but very attractive to the Majors. One of which is next door, another of which has been involved already with the project.

I guess we have to wait for the current seller to get out or reach their sales target. After that we should get our RNS. My thoughts only for what they are worth.

Looking backwards does of course include looking at past RNSs which include the very positive ones highlighting the fact CEG has this acreage in an area which has attracted considerable interest from the Majors who in turn have backing from Sovereign funding as well as Public companies, large ones at that. Also a very large amount of money has been agreed by these Majors to investigate their acreage. Not long now.

Hi Enuff

You dont seem to mention in your list of JAY 'shortcomings' Covid. It shut Greenland down for longer than us. Good reason for that, the population is small, spread out in tiny groups but with people moving around, group top group, village to village in non-stop trading, visiting relatives friends etc. The Govt knew if Covid got hold, the Ethnic groups, spread out as they were, could not possibly get medical help in time to stop the virus spreading.

JAYs work was put on hold. Rod Mc sold his shares and left, see relevant RNSs, dont blame him, but when it turned out the next management were useless he returned, bought 70 million shares back, and is now helping the company recover, which from the RNSs is actually happening. What RM will do now, or when or how will no doubt become clearer as time moves on but for sure he is the Geologist who has motivated JAY more than anyone else.

As investors, us who hold, and in fact many of us who have increased holdings, are waiting to see what Kobold do. They can leave, giving up thier 2% controling share, thus losing their past large investment, or go the one step further to prove up what the results of their work so far has shown. Results have shown clear Geological evidence that pursuing their strategy to the next stage is likely to give final proof of Ni content on JAYs lease land. Part of your inabliity to understand Ashtons posts may be because he has actually read DEEPLY into JAYs reports whereas you have not. Like Ashton i too have read, still do read, every word of the reports, not just from JAY but also from others. Like Ashton i believe in JAYs future discovery potential via Kobold, contingent upon the fact that they do decide to drill. I cannot speak for anyone else but thats how i see Ashtons posts.

Your sarcasm about Ashton having as twist in the tale with Gold in Dundas is of course just you making up stuff, you should be aware however that Gold may just be of importance one eay when JAY eventually RNS about their other properties, some of which do contain, not 'Fabled Gold' but the real thing.

Never mind, its all down to each of us to do our research and act accordingly. Pip Pip.

What i really dont undersatnd is how on earth anyone could imagine that in a Country as tiny as Greenland that they would be able to get away with trying to do business behind JAYs back and no-one would tell the JAY management. RM must know practically everyone in Greenland who was connected to the decision taking on Geological matters, likewise the Danish Govt officials living there. How could he thought he could cheat JAY and get away with it, i cannot fathom.

Santina,

I was looking like you at the .130 it was important that we closed tonight at .105 I am expecting some good buys tomorrow starting off first thing with some several million buys. If so the Market Makers are moving the price up to ready for news since this Market Cap is just stupid if a Farmin comes through as it has GOT to be with Shell or another giant. Likely Shell as the borders make it so easy to make a pass straight through Block to Block with any Siesmic etc etc

This lot here babbling on will get one hell of a shock if News comes in as there isnt going to be aby chance to buy in to what will probably jump to .250 then work up quickly to the .480

Why has it closed over .1 Think about it. Tomorrow morning could see us getting a great start and J. Briggs will be left behind. The time is right and its ours.

If this is Breakout then .48 beckons. Go figure.

I am not misleading anyone Mr. briggs, and the share price seems to feel now is the time for people to get in at this silly price as the News to come is serious, unlike your self dear fellow. The news to come, if as we hope, will rank this company as the Company that got in first. I dont suppose you remember when Guyana was in ist initial stages of Oil Exploration.

I do and it was just like here, threads populated by childish commments from childish people...then whhhooosh, share suddenly started to rocket. The opportunity here in CEG is enourmous due to its absolutely minute market cap. When CEG gets the NEXT Signed Block, EVERYONE will sit up and notice, except probably the resident dunces who, as lifes losers, will continue to gabble while we get the money. Cheers John Briggs.

ANCAP also Inidated to UL that the Block Three signing would follow soon after the AF4 Block. That could be helping the share price too, a lot is obviously going on and no doubt we will soon find out.

The last RNS stated CEG expected to come to some agreement for an acceptable Farmin in the first quarter. It is now half way through so in reality we could get news any day.

Given the large investment that the other Uruguay Block holders have agreed to, its very reasonable to suppose that since they are doing the work anyway a Farmin to CEGs block would be very much a matter of good economic efficiency since any Surveys agreed, say in Shells area, could, at the same time, also scan CEGs Block.

Given that the Block holders are ALL Multi Nationals, except CEG, all of them in this new and HOT area can easily afford the cost of slightly enlarging their Seismic or other Surveys to Farmin to CEG at minimal cost. Its a no-brainer.

When the RNS does come that they found a Farmin Partner for us, the expectaion is going to be massive as we are then likely to have our Block first in line for a more complete study to underpin a far larger M/C than now. 11 Million is just crazy for whats at stake.

I am also of the opinion the drilling is better negotiated than let on so far and we wont have to wait too long at all. Does anyone know how amny wells can go into this pocket?