Apparently the perf gun is arriving in 6 weeks time. . They just thought they would get all the other extremely expensive equiment on site ready for when it arrives. I also heard they have ordered multiple board games and packs of cards so the crew don't get bored waiting for the gun, plus they have a cabaret turn on Fridays to keep morale up!
Lex. . . B*llocks. It's not a balanced reasoned debate you want, it is an obvious agenda to accentuate the perceived negatives and dismiss any positives. You cannot debate a financial position when YOU have no idea what the financials of the company are at present and what options are open to the company. Banging on about 'cash burn' is pointless as it is only one side of the equation i.e.NOT balanced. But of course you know this and it is the positive side of the equation that you ignore. Only LK and a few company insiders knows the financial position and plans. Like I said if you don't like it. . There's the door. No one is forcing you to concern yourself with our compsny.
Lex. I don' t see a 'growing sense of questioning' regarding the cash position from many posters on here. Hardly post after post about it unless you count Dross' drivel and your own imaginary ramblings. What I do see is a couple of trolls constantly whining about specifics they think they can spin negatively. Guess what? LK is not going to tell you or us the commercially sensitive minutiae just that we are fully funded for the SWP drills. Take it or leave it. If you don't believe in LK or like the way he is running CERP just move on and leave us in peace. No one is forcing you to concern yourself with CERP. IMO the next few months are going to be very exciting here that's why I'm invested, unlike you!
Tempted to top up here considering the proximity of the SWP and South America news etc. Decisions decisions. Love the way the trolls bang on and on about specific details when they do not have the whole picture in view. The only one who really knows how we are doing n our Leo. Trolls banging on about lack of updates, cash burn (I love that term cos it usually incorporates cash INVESTMENT etc. It's all supposition and assumption. You either believe or you don't. If you do believe buy, if you don't believe don't buy it really is that simple. Oh and I filtered Dross years ago...there are a few others about to join her! GLA all genuine holders! Exciting times ahead!
Weren't they the CNG partners that were going to make us all rich! This non binding agreement jam tomorrow, smacks of smoke and mirrors to hang another placing on so the BOD can continue with their snouts in the trough for a bit longer! The Fool taught them well!!
IF this power plant ever gets built it won't be taking gas until end of 2020 at the earliest so won't generate any profit for VOG until 2021 earliest. In the meantime we limp along with little sales and revenue to survive on. In addition we are expected to cover the gas plant expansion, connection of new power plant, and drill at least one more ($50m) well next year. These numpties better have a more credible plan for survival other than this jam tomorrow scenario! Plenty of placings ahoy captain!!
Thoughts from the corner. Been here for many many years and have seen plenty of people come and go. Sting69 I have looked at your continuous posting on what was and should still be a decent board. Most of your postings are about yourself, your successful investing strategy your superiority over other PI's who are all trying to make money from their own strategies. You pick fights with more knowledgeable posters, take snippets of their posts out of context, spin to your own negative agenda then challenge them to explain themselves. A troll strategy I've seen many times on other boards. You constant narcissistic posts are boring and repetitive and do not deserve attention. You sir join those of your Ilk in the filter bin.
For everyone else, UJO is looking in great shape. So much to look forward to over the next few months. Wouldn't be surprised if we are singing I dreamed a dream in nipple tassles in the next 6 months! GLA genuine investors.