Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Every man and his dog has had his say on platform regarding challenger Energy. In some cases some of the men have even involved their parrots too.
Given the current craze with Artificial IntelligenceI, and in the interest of fairness and anti-discrimination to our future masters, I believe that we should give Ai a chance to contribute his two pennies' with too.
https://www.perplexity.ai/search/what-is-the-Yx4MO1P0TkiEESDZdblnmg
I actually think that's John Briggs is not only right, but I am going to take his advice and go even one step further.
I am going to wait for the Chevron payment to be made, the 3D resuls to be processed, the drilling to take place and end and buy my shares after any oil has been discovered.
By that time the share price will be very high, but every investor knows that you must buy a share when the price is high.
I am not a chancer, and I don't have a monopoly over anything.
Whatever I say will be disputed by one side or another on this wonderful chat room, so I am leaving it for people to use their brains and work out what was said.
All it takes is for you keyboard warriors to send an email to BPC and ask what was said during the presentation.
I believe that the question regarding funding was answered during the recent company presentation in Mayfair.
You may care to watch the video if it's available online for clarification.
Somebody was dumping big chunks yesterday from the minute the market opened, which explains The drop in the share price.
Surely that kind of volume needs to be reported if it was one of the board members or the larger holders.
We shall know within the next day or so.
The 68 million shares is somebody moving it between his or her own accounts for example from physical to spread bets.
IF (big if) there is an increase in the share price this is very tax efficient. However if there is no movement then the holder will have to pay interest and if the share price falls the losses will not be able to be cleaned for tax purposes.
I don't know if this is a Pump and Dump or not, but one thing is certain:
Although there are 10+ billion shares in circulation, Eytan has managed to get his wish of having 'Sophisticated Investors' (I realise that there are different definitions for this term) on board, and I believe they own 60-65% of this company. This means that the shares are around 3.5 Billion shares available for trading.
Unfortunately not many of the current larger shareholders are the ones who lost money on BPC, as they are the ones who 'deserve' to recoup their lost cash.
Just remember that IF (a very big IF) this company makes any money in Uruguay, then I am sure that there will be movement on the Bahamas licences.
TW: What about the more exciting parts of your business, like the Uruguay farm-in?
EU: The process is progressing well. We've been discussing this for months, but attracting a large multinational oil company to a project in a frontier basin requires time for technical analysis, numerous reviews, and comparative studies.
I have consistently stated since the beginning of the year that we are working towards a farm-in deal by the end of this year, and we are steadily moving forward in this process. It has been formally managed with advisors and discussions with various companies.
Europe is currently a significant area of interest and has rapidly become an exploration hotspot. The timeline may extend as needed, but interest remains high. We are committed and confident in achieving our goals. Once we do, we hope to demonstrate to our followers and shareholders that we have delivered on our promises.
TW: How certain are you about the timeline for the Uruguay deal?
EU: It's not entirely within my control. I can manage our company, our board, and our approach to transactions. However, we are dealing with major oil companies whose transaction methods differ significantly. I understand our shareholders and the market desire quick results, but oil projects are complex.
They require 3D seismic acquisition, followed by exploration and then production wells. These stages take time. We've been working on this for over a year, having formally started our farm-in process in June. I've consistently communicated our goal to finalise a deal before the year's end.
We ask for patience as we work towards embedding a strong partnership in the project, which is crucial for future developments. Let's see how the rest of the year unfolds.
https://www.proactiveinvestors.co.uk/companies/news/1032907/challenger-energy-discusses-asset-sales-in-trinidad-and-deals-in-uruguay-icymi-1032907.html?rel=scroll
The situation obviously looks dire, but it's interesting that there are 10 million chunks being bought.
Something is up, and we shall have our answer very soon i am guessing.
For better or for worse the story will be concluded soon.
Finally somebody who understands the concept of numbers puts up a post. Thank you.
It is astonishing how many people are airing their views on here who don't even know the difference between two, to and too or fail to even demonstrate 11+ levels of mathematics, and expect others to take them seriously.
I have no idea how far the blocks are from each other, but it's so refreshing to see a relevant post on this site, rather than the usual narcissistic liar of drivel written by people who think anybody else is actually interested in what they are writing.
Thank you for asking a question which is of interest to the rest of the people on this chat.
Nobody can buy out CEG without Eytan's bleeding.
A few years ago he mentioned that the shareholders were not 'sophisticated', which upset a number of holders because they did not understand the definition of a 'sophisticated shareholder'.
Currently there are a number of sophisticated shareholders and they are all friends or ex colleagues of Eytan. You can check the relationship just by combining their names with Eytan's in the same search. A very large chunk of holders are here for the long run and are happy to take directions from the CEO.
It is true that there are a lot of shares in circulation, but the liquidit, although still sizable, is not as large as people assume.
I believe that some of the licenses have been relinquished already, but can somebody tell me what is going to happen in early 2023? Any ideas?
https://www.cegplc.com/operations/
Renewed farmout process commenced. ‘Drill or Drop’ by early 2023
https://www.sharepro phets.co. m/views/45248/bahamas-petroleum-7-million-open-offer-one-to-pass
Let the man's history speak for itself
https://www.*************.com/views/45248/bahamas-petroleum-7-million-open-offer-one-to-pass