Member Info for thechancers

Nice to see 220 hit today.
People getting in early for results next week

The thing is about PRD, The project is so simple to understand, I am not the brightest on here, But i fully understand what is happening and what the end results will be, The only thing i don't know, What will the market cap by in 3 years and i guess Paul wont be able to tell you that.

in my opinion and i maybe wrong, often am, I think its in the SP now, I am not selling, its difficult to get back in due to the spread.

On another note, I had my finger on the buy button of CERP, It was ramped to the hilt due to a possible good RNS,,
The SP was +10%, after the RNS is now -20% . I was going to put a grand in. . I would be looking at a 35% loss or more.... Just shows, If you dont know what your playing with, Keep away, I knew nothing about CERP, it would have been a punt

Looks like a lucky escape for me, i had my finger on that buy button when it was 4.05 and then it moved up to 4.1 to buy.

You can never second guess what is around the corner and with that promise of the RNS which created buying, Their will be a few people not so happy.

Taken from a PRD RNS

Onshore Trinidad - Inniss-Trinity oil field Pilot C02 EOR

Heritage Petroleum Company Limited ("Heritage") has confirmed in writing to FRAM Exploration (Trinidad) Ltd ("FRAM"), a wholly owned subsidiary of Columbus Energy Resources plc ("Columbus") and the operator of the Inniss-Trinity field, that it consents to the conduct of and operational plan for the C02 EOR Pilot Project devised and to be undertaken in the AT-4 Block in the Inniss-Trinity oil field. Approval is subject to obtaining all necessary consents, including Certificate of Environmental Clearance and other similar approvals from the Environmental Management Authority as well as all requisite consents, permits and approvals from the Ministry of Energy and Energy Industries in order to undertake the C02 Pilot Project. These approvals are progressing and do not impact the current schedule of in-field activities planned over the coming weeks in preparation for C02 injection.

The window for the first C02 gas sales to be delivered to the Inniss-Trinity field site has been extended to 30 April 2019 under the Heads of Agreement ("HOA") with the local C02 Supplier to facilitate smooth integration with the operational planning for re-pressurising the reservoirs in the AT-4 Block using C02 injection.

Pre-Pilot desk-top reservoir engineering forecasts for production guidance remain as previously reported with the objective of achieving 300 bopd by the end of H1 2019, subject to validating this pre-Pilot desk-top forecast following the start-up of C02 injection and production operations.

Operations are forecast to be profitable at current WTI oil prices and to generate an average net-back of US$10/barrel after taxes, royalties and C02 and other operational costs. Scope for reducing C02 and operating costs may exist as the first production data are collected from the Pilot C02 EOR operations to help facilitate planning for economies of scale.

Capital costs of less than US$ 600,000 remain as previously guided and are funded from the set-aside cash resources of the Company.

Correct me if i am wrong, Prd have all the rights of all the C02 in Trinidad, So Prd holds all the cards to the future of CERP using C02.

Regards Prd buying any fields for 4.2M, Prd dont have 4.2 unless they seek funding.

This is something that i am struggling to get my head around, Maybe CERP are to seek buying C02 via Prd . Its a guess

I normally go all in with Boo, but decided to hold back some money since i was buying in the high 190's, I am expecting the new CEO going over the presentation making sure that every detail is correct since his bonus relies on it and it wont look good if its full of holes.
Big issue last time was PLT and you cant avoid that but it was never a big issue at other times like it was in the last results.

Sorry, i meant TERN, Not turn

whats the connection between TURN and PRD ?

Something quite not right with the prices, 10.59% up, that should be giving me a grand more on my PF, But it isn't, Must be due to the spread .....

Prd showing 8.82% rise, but its not reflecting that in my PF.

I am in 2 minds about CERP, They have had a torrid time with low SP and only recently that the SP has come up.

Good to see your post Jambon,

Thanks street's, I bought 3000 shares and showing a 350 profit. Can't see anymore than a 20% profit in the short term and that depends on results

that closing price was very strange, Up 3% almost and my PF is down

Its really tempting to top up after yesterdays highs.
I was slow at getting in to this stock at 13p, But buying in again will increase my average.

What are people expecting the SP to be in the next 3 months, Do you think this is what is expected or will carry on up.

Massive spread towards close
Made my PF look slightly better

You think that loan note is getting cashed in today, a lot of big sells

Tell you what, a lot of buys after my sell, Looks like people are waiting to buy in, Strange that all the buys are within minutes .

BTW, Thanks Chesh. I will be back at some point

Cut my losses and out, That 700000 Sell is mine, Its going to take news for this share to go up and i cant see this share moving in the near future, It will suffer even more it it goes to Arbitration since it will take months.

However, If there is good news, I will be back

Good luck to you all, I am putting the money into something else to gain my 25% loss from Oilex