Member Info for rossannan

ColonelDrake

“Fed reputation in tatters”

It’s not that easy to pin down what (such as price indexes, the money supply, stocks, bonds, currencies etc.) gold correlates with over time (even inversely), but I have seen it argued (quite convincingly) that gold does correlate with a loss of confidence in the Fed…

Tekked

Not a holder but does feel OTT to me also.

Richelieu

I have made it clear that I have no position here of any kind. My only T&T oil exposure is via TRIN. That is not going to change. CEG has nothing I want.

Starchild

Now that I have provided my source, will you answer my questions?

(What do you make of TRIN commenting in June 2020 that “The complex geology and overpressure in the SW peninsula makes much of CERP’s upside risky both technically and commercially.”? Does it not suggest to you that it is well known that CEG has built its house on sand (or, more accurately, mobile shale) and that other companies wouldn’t touch Saffron with a barge pole? How long are you going to go on flogging this dead horse and being an apologist for a BoD that you must now see are just an absolute shower?)

Starchild

“perhaps this commentator can provide h/er source. I see no evidence on the TRN website, or Google for this quote, other that it has been stated before on LSE and ADVFN forums”

Just log into Investor Meet Company (https://www.investormeetcompany.com), select TRIN and then scroll through the TRIN archive until you come to the 19th June 2020 presentation. You will then see two tabs, the one on the left gives you the presentation slides and the one on the right gives you the Q&A transcript that contains the response I quoted.

Thebhoys

As you suggest, his line on CEG flies in the face of all the evidence and everyone’s experience (including his own), so I guess I am just trying to highlight this lest any newbie looking in does take him seriously. But as you also suggest, this is in some sense giving him the oxygen of publicity. On balance it is probably a pointless exercise. There really is nothing more to see here other than endless dilution - CEG really is the classic AIM lifestyle company.

I guess we are all just marking time while we wait to see if the ousting of the PXEN BoD goes ahead so that we can then enthusiastically back the new BoD.

Only joking!

Starchild

What do you make of TRIN commenting in June 2020 that “The complex geology and overpressure in the SW peninsula makes much of CERP’s upside risky both technically and commercially.”? Does it not suggest to you that it is well known that CEG has built its house on sand (or, more accurately, mobile shale) and that other companies wouldn’t touch Saffron with a barge pole? How long are you going to go on flogging this dead horse and being an apologist for a BoD that you must now see are just an absolute shower?

has certainly waned here. Not sure how much longer I will run my small trade. Certainly in it for successful completion of the drill (not a given) and decent net pay in the remaining targets (not a given) but I have never intended to hold on for the flow rates - it all gets properly binary at that point (and the longer I wait the greater the risk that there will be some kind of financial “clarification” that the market won’t like).

I will see where I am once we have the net pay figures. Hopefully that news will edge me back into profit, but I will at that point likely cash out and add to my existing TRIN position. TRIN feels like one I can safely set and forget, which is fine as I am about to go on holiday. It will be interesting to see where CEG is come September. At that point the H1 Report will be on the horizon and hopefully the financial position will be a lot clearer. Will there be further changes to the BoD in the meantime? I was not impressed by that recent update with aggregate gross production from the Company's five producing assets in Trinidad for Jan to May coming in at roughly 425bopd. Not when in a 26 March RNS it was stated that “BPC has existing production of 450 - 500 bopd.” That now looks misleadingly bullish. That was, of course, the previous regime (and it was a pity to see Tiburn performing contortions with downtime to justify it). Has the subsequent reset been effective? CEG shareholders deserve a BoD that they do not have to keep apologising for.

Chesh

“A lot of peeps donated”

Again, just as well I kept a record. Two people donated.

Chesh

Are you in CEG?

Just as well I kept a copy of the evidence:

“rossannan
Posted in: CERP 23 Mar 2018 10:20
Posts: 6,706
Price: 5.80
No Opinion

Purple Day

Gentlemen and Ladies

Your positive reaction to my absence from the BB has given me an idea. Would you like the chance to make it a bit more long term? If you would, just follow this link:

https://mydonate.bt.com/fundraisers/rossannan

and for more information about Purple Day, just follow this one:

https://www.epilepsy.org.uk/purple

Monday is Purple Day.”

Tiburn

Oh no you didn’t!

Bohemia

"And then do I really fear the net pay announcement? Not really: Columbus had net pay but couldn't get it to produce. Are you going to pay 4p just because they have net pay? How much would it rise?"

No, but there are folk who might pay something approaching that. If CEG can re-engage retail interest by avoiding technical failure and announcing significant net pay, the stage will be set for the usual shenanigans (pending a reality check in the shape of flow test results and/or the financial transparency that today's RNS so daintily avoided).

I think the market is yet to give SHG the credit it deserves for cancelling its membership of the "one country" club.

ZagEgypt

Hardly!

Bohemia

Yes, a technical failure would be a bonanza for you.

jono44

3 weeks since willec posted but Starchild was posting on Friday - he is probably just having a long weekend. And ditch the conspiracy theories - Starchild is just a PI like the rest of us.

Carlf1990

That may well be true but it all comes down to our individual time horizons.

Bohemia

Yes, a reckoning is coming, but you are happy to leave your short open for the possible successful completion of drilling and final net pay announcement in the meantime?

Chambers

It is not as simple as that, alas. Check previous RNSs for details of what remains unresolved in the wake of P1.