Member Info for rossannan

smalltrader

Absolutely (although I think that a Stena JV is highly unlikely and that a Stena subscription is at least unlikely). It is P1 news that the market is waiting for and there should be enough significant P1 RNSs next month to satisfy it. The less we hear about the ex-CERP assets, the better!

DrRemington

Not me, I am a very happy holder. Just wary of echo chambers.

willec

Not if there is no material news in the interim, it isn’t!

Tiburn

That is a strange way of putting it. If there is not material news in the interim, spud certainly isn’t going to be happening in December.

jimtheknow

No middle ground? After the way the share price perked up simply because the IceMAX was heading to the Canaries, even with the funding position as it then was? So the 2s or at best the 3s until a December late farm in? With all the P1 milestones that we can reasonably expect next month? Really? I’m not saying that folk will be right to chase this towards your middle ground, I’m just saying that they will and that it will be entirely predictable P1 milestones that make them do it.

jgbb123

Agreed.

Dimvestor

Good range of views in the Telegram group or is it ramp only?

Tiburn

Further new asset?

Exactly the same boat here. Everyone has a few like this in their portfolio, but I think the balance of risk and reward is now at the point where it is objectively reasonable to stick with it, even if it doesn’t pan out.

The copper price drifting down a bit isn’t helping.

Petrodollar

“regardless of being proved wrong there”

I have no animosity around CERP, I just don’t think it was a very good company and was unimpressed by Leo Koot (compared to e.g. someone like Paul Baay at TXP).

Please elaborate on how I was proved wrong there.

(not you in particular, I mean any of us!)

Daikihaku1

And in fact most likely to come out the day after you have sold up in exasperation.

upomega

Fair point.

Prospect-

That is one of those articles written essentially by an algorithm. Note how it makes no reference at all to what BPC actually does, despite the photo.

oldabutnowisa

I talk about a limited reward, but the opportunity to at least double your money with very limited risk doesn’t come along very often.

jme1976

The penny will drop eventually, we just have to be patient.

oldabutnowisa

Do you not see the logic? I’ve bought and I’m holding, but only until spud at the latest. That way my reward may be limited but my risk is (I think) extremely limited.

Just to be clear, the reason I won’t be holding after spud and aiming simply to get out before the drill result (after all, the share price could easily rise further over that period) is that spud sees the risk of drill failure kicking in. I’m not up for running the risk of drill failure - it is small but not negligible.

Maverick7

Indeed, just not convinced that a deal is imminent. Not a problem though as this is a core multi-year investment for me and I’m not going anywhere.

Dreamland99

Yes, a few P1 milestones and this will be motoring.