Member Info for rossannan

TCGLOVER Nobody knows, but around 700bopd is my educated guess, based, as it is, on the chart that LK himself provided. What�s yours?

MrMagoo31 I’m not invested but today I have mostly been following CERP closely so I just don’t see what “vast strides” you are talking about. I agree that 3 years down the line CERP will likely have paid off handsomely for you, but what “vast strides” will be revealed in the Q2 update? Production is bumping along the low case in the production forecast that LK provided, so we’re probably talking around 700bopd at best (including anything from Bonasse). If I’m wrong about that, I’ll get my coat. LK will update specifically on Goudron WF and/or his Bonasse plans, but it’s beginning to look as if even by the time of the Q2 update neither the Icacos acquisition nor the SWP legals will be fully done and dusted. So, seriously, what will there be to get excited about in the Q2 update? As I suggested before, the unscheduled RNSs seem more likely to make a difference.

LGO-fan Ticking all of those boxes would mark good progress but neither individually nor collectively would they constitute “vast strides”. There’s still too much emphasis on here on the next scheduled RNS rather than the long term investment case, even though hyping the next scheduled RNS almost always turns out to be a mistake. I suspect that the best RNSs will be the ones that LK surprises the LTHs with.

MrMagoo31 What are these �vast strides� that you are expecting to see in the Q2 report?

petersalkeld It’s where it was less than two months ago. There was a similar correction back in early February. One thing is very clear when you listen to LK - he is inviting folk to strap in and take the long view.

https://www.ft.com/content/ec6101b0-6187-11e8-a39d-4df188287fff

LGO-fan Not an analyst, but you have highlighted what these developments are telling us, namely that for Russia and Saudi Arabia it seems that there is now some kind of Goldilocks zone for the oil price. As long a company�s oil can be produced profitably within that zone it should be fine. So not a bad time to be invested in an environment like T&T which offers lower breakevens.

LGO-fan Is the argument that CERP has nothing to learn from RRL not a fair one to make on the CERP BB?

joebop gets it.

LGO-fan So would you put money in RRL?

burnie38 RRL has a history similar to that of LGO but, unlike LGO, RRL is a leopard that gives me the impression that it hasn�t changed its spots. I hope that LK and his team go nowhere near RRL because I suspect that there is nothing that they could learn there. I�ve loads of time for TRIN, TXP and CERP but I just can�t get comfortable with RRL. Maybe that�s unfair and I am misunderstanding RRL�s RNSs, but there you go.

Hedgecutter Cheers!

edgar222 Remember that GY-669 injection was discontinued in January, having proved to be a dead end, and the focus shifted to the Mayaro in the vicinity of the GY-254 well. So it’s been around four months at best.

edgar222 It’s not been nearly as long as that.

sellonnews A lot of folk will be very disappointed if CERP does no better than match RRL’s glacial progress.

VCB2 Are you proposing to indemnify PigGlider if your advice doesn�t work out for him?

Don�t think anyone should bet their bottom dollar on the next production update being any kind of catalyst. On the other hand, BOLT being finally signed, sealed and delivered would be a real milestone and, if it prompted LK to tell us more about his plans for new wells in the SWP, it could be a significant catalyst.

LGO-fan In the old days though, the share price drifted down on no news because of the almost ever present cash burn. CF+ means that those tumble weeds are now pretty harmless.

bigmj RE: list 3 May '18 my current holding 29,694,385 As stated before I am here for the long term rewards, very confident we will see an SP over 30p in the medium term and 60p longer term I will likely derisk 50% at 30p

Ah, had assumed that it was entirely closed. If it isn’t, that spices things up even more. bigmj - what’s your take on all this?