Member Info for Spiritefan

It may be that good news is imminent and some form of leak has occurred. Alternatively it may be a pump and dump. At present, we don't know, although given the history of the company a p&d is more likely. However, this is a new era and I'm hoping it's the real deal!

Sounds exciting but then you realise it's only 1800 quid! Still, every little helps!

Good find FS. I'm guessing the reporter's reference to "American Company " is based on the assumption Jersey is in the US, but otherwise accurate enough!

Was it Jerry Maguire or Rod Tidwell who said "show me the money "

Fincent, a very reasonable summary.

As has been previously stated, the reference to completing the farm-in by Xmas was naive. Without such a reference this update would have been better received. However, it is pleasing that progress is being made and it is still plausible that a deal could be struck in Q12024, although Eytan is careful not to be too specific on this!

There's a lot of people keen to post opinions but short on information. With a share like this the average punter has very little idea what's happening until it's happened. This company has a history (with Eytan fully involved) of being economical with news, especially when it's not positive.

Thanks for that Cybertron. Please don't worry about my understanding of the circumstances here. I'm fully up to speed with all aspects of the situation. Hence my valid concerns.

Have a good weekend everyone,

SF.

I don't think I'm the only shareholder surprised that Eytan has committed himself publicly to a definitive timeline. The majors will be in no rush to strike a deal. CEG will run out of cash if they wait long enough. If Eytan tries to force a farm in, the price will reflect the circumstances. It should still be advantageous to us but CEG are not calling the shots here.

HM - good point. Seems to have been overlooked by a few!

At 2.65p, or am I being obtuse?

I'm wondering where he is? Surely he will return imminently!!

We may get an RNS confirming a farm in partner. That would be good.

We may get an RNS advising talks are ongoing and are promising. That would be ok.

We may hear nothing. That would be not so good.

We pay our money and we take our chance.

Meanwhile, we hope the Spireites beat Leyton Orient on Sunday and progress to the FA Cup 3rd round. A couple of years ago we drew Chelsea at Stamford Bridge in round 3. What a day out that was!!

Have a good weekend everyone

SF.

MR, fully agree. I've taken my time today reviewing posts from those whose comments I respect. Just added 25% to my holding at 9.56p, bringing down my average a tad. Quite happy now to await developments in next couple of months.

Have a good weekend everyone, let's hope the Spireites make it through to 3rd round of FA Cup!!

SF.

I reinvested last week, been following the share closely for a long time, ever since I sold out after Perserverance. Missed the bottom, bought at .1035p.

1. I am not a troll!

2. I lost a lot of money in the ill fated Bahamas fiasco.

3. I have recently bought back into CEG.

4. The company's aspirations for T&T have not been met. Production targets have not been met, large amounts of licence fees outstanding which allowed Predator to buy CM on much better terms than originally proposed.

5. Uruguayan waters do not contain any proven oilfields. It is hoped that they may do.

6. So while I have invested more of my hard earned, it comes with a huge risk.

7. This is AIM, the equivalent of the Wild West of indices.

8. If you are contemplating an investment, do not take notice of anyone on this bb, me included!

In4, thanks for responding and your view seems to coincide with mine. CEG had their backs to the wall and as a result Predator did as their name suggests and cos they had the cash negotiated a better deal.

Does anyone know how much of the Cory Maruga proceeds were used to pay overdue licence fees. I understand the deal had to renegotiated because T& T authorities demanded full payment, hence Eytan gave up buyback clause in exchange for higher upfront payment.

Despite reactions to my previous post, I'm positive about Uruguay. Have returned to the fold and bought 2.5 m at .0135p, which unsurprisingly is showing as a sell. There's no fool like an old fool ....

I'm not a troll but neither am I blind to the risks. I've met Eytan a couple of times, at a BPC AGM and while on holiday in Africa. He was always confident and persuasive, even up to the day when the drill went wrong and the Bahamas adventure ended in disaster for all concerned. For years a farm in partner had been predicted but none arrived, hence the death spiral financing and the ultimate losses to all concerned.

Eytan kept his highly paid job and indeed was promoted. He has kept the company alive and Uruguay has factors that are different to the Bahamas, namely the presence of other major s in the region. So hats off to him.

However, the story of potential partnerships is not a new one to former BPC investors. This time it appears to have a better chance of attracting investment, but the directors (including Eytan) have previously talked up the company (that's their job) only to disappoint.

Soo everyone should be very cautious about what is a highly speculative investment . GLA & please, DYOR.