Member Info for Spiritefan

Beware the ides of March....

... to cut 20% of global workforce to simplify business. Let's hope no impact on Uruguayan project

As I will be 83 by 2040, the chances are I won't be able to enjoy this as much as I'd like!

Thanks Keith. Always appreciate your comments and as I'm currently on holiday in NZ I get to see them sooner!

RS2000/RS1800 ?

Buy or sell?

Hi guys, made a modest first purchase at lunchtime at about 7.9p. Good to be on board, looking forward to 2025!

MB is never going to be a salesman, what you get is a fair and reasonable summary of the current situation. That's not what a lot of people want to hear, but it is what it is. Despite the lack of fireworks, there's no doubting the progress made in late 2024. We are slowly stockpiling oil and it will be sold. Therefore, the SP should be higher than it was a year or so ago. So there is an opportunity here, but as winter is now upon us, when to buy is the question. I will be adding to my stake here, just wondering when to take the plunge. I've saved 10% by not buying yesterday!

"*spring will soon be here " Apologies.

XxProInvestorxx, excellent summary without any of the hyperbole that has seized the board today. The AIM market overreacts more than most. Today is a setback, but if you invest in a speculative market you have to accept the unpredictable nature of the project. The oil is still available, the Mongolian government now appears to be supportive and the world still needs oil. It's now mid-November, spring will still be here and I've added a modest amount to my existing modest stake.

So what do shareholders think the realistic outcome of "talks" might be. An offer to buy the company? 10p per share??

I'm afraid to say I did too!

It was Simon Potter who identified Uruguay as an opportunity. He may have been a poor CEO but he was Alan Burn's appointment, who recognised his oil exploration skills.

Despite the move from explorer to producer there are one or more sellers of large tranches of shares at what is a very low price, given the recent progress. Only one or two posters appear to be making any effort to understand what is happening here and why. Is a fund raise imminent (why given that income is starting to accrue?), or is there some political/corporate moves afoot that PI's are unaware of? If the latter, surely the Board must be aware and are deliberately keeping small investors in the dark.

MK, fully agree with your comments. I too am perplexed. Given the recent events why are so many shareholders (or a few large ones) prepared to sell at this price? Do they know something? There can't be too many making much of a margin on current bid price. 🇮🇲

Hoping, are you in PRD? They've announced possible helium presence in the Moroccan gas field they are exploring.

Northern, if you are seriously considering an investment in CEG, (or any other share) please take the time to do your own research. If you can't be bothered and instead rely upon comments posted on online forums such as this then you deserve to fail.

*completely!

Hi Gibbo, I joined after I met Alan Burns on the IoM on a conpl unconnected matter and he men the BPC project. I think it would have been about 2010/11. Bahamas was certainly a binary play and virtually all my investment was lost. I have invested a much smaller amount in CEG and hope to recoup some of my losses. Just because the coin came down tails last time doesn't mean it won't happen again, but so far so good I think.....

Mmafr- fully agree. Today's reaction to what is undeniably good news is a typical AIM reaction. The fundamentals remain solid, progress towards production continues and while talk of 8-10p may be premature, there is no reason for a 4.5% fall !