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One way off looking at it I guess, another is that its commercial and recent funds were allocated to the tying in to near by infrastructure . We don't know LLL but am sure we will find out soon enough. Not a lot we can do at the minute but sit on hands and await news . Unless you want to deramp a bit more and say we hit coal or something.
Is no fool so I am expecting commercial oil in the region of circa 250 bopd and depending on api , that should build us up.
I just don't know on this one but sand influx could be critical and its way easier to scrub a bigger hole than a little hole as vaccums and vortexts work way better with room to manover until optimisation.
Funny old one this as promise of no further draw down this year or next which hints at a favourable outcome re saffron, then dilution! So not a lie there as there was no draw down. Cant see anything re a leak . so whats the opinion. Either its a duster and we need the money to stay afloat or its a whopper and we need the money to fast track production? I have not got a clue on this . But widening the bore hole is a clue. Making sure enough money to fast track infrastructure , might be a clue , a wink from LK, might be a clue ? or we have no money left and have to raise more to stay afloat might be a clue? Who knows ?
Someone popped in with dusting down the lact metre or did it go in a fire sale? Maybe they did not follow the company that well as there was no LACT metre . It is way expensive and never happened .
Too much on this BB re Chesh and Fish and not enough on company stats. Why do we need this draw down ? If the well is a success , which looks to be to me , then we need to fast track infrastructure to enable it to be brought to market.
If it is a duster then the MK will fall bellow the threshold that a draw down can be made against the loan facility which would mean we is skint and flucked . So a draw down now would be appropriate in both cases. Don't forget that if this is a success
that holding tanks and bunds etc have to be put in place along with separation tanks and pipe lines. Maybe the drill was fully funded but infrastructure thereafter is not pennies . Or maybe its a duster and Cerp go to sleep for a year as they did say no more funds to be drawn this year or next.
Interesting to see how this goes but at no point did Cerp say all infrastructure is funded and believe me its not a small amount. The Bund alone must equate to 150% of oil in tank , whatever that tank may be? Interesting times indeed.
to go and we will know whats what.
PMSL
PMSL at amateur status , that comes from someone not involved at company level and knows nothing of the progress to date or impending deals on the table or indeed the overall health of the company. I don't think you understand the workings of a company Cupcake and what it takes for a company to grow in this day and age . BTW What do you do for a living?
Was £230k up at one point in this , got greedy , wanted 500 k and then went tits up and lost most, not a bit bitter, I never had it to begin with. Love AIM although it has changed a lot from 10 years ago. There are still afew companies out there that can multibag but they take longer now . I have made and lost a fortune twice now on AIM and have been taught a lot , it wont happen a third time. As for CERP , it is a baby of mine , been here a very very long time and I will see it through
who in their right mind would give you that fodder you are the lowest of the low and praying on the vulnerable . Now I know for a fact that you will now use that information to now call them losers and when they counteract, you will just copy and paste . I cant believe that they even gave you that information .Mind boggles at what some people think.
good call bud as you will always be thwarted
Low and behold, I have not had a drink for maybe 30 years or so and I have no record of being aggressive so why would you want to taint me with that brush, that is a personal attack which I find repulsive and degrading and nothing to do with a BB that is all about investing. Why is a personal attack on me , any reflection on an investment BB. That is the most pathetic post that I have ever seen. You are not talking about the company anymore, you are now targeting individuals and just making stuff up to discredit them and hopefully in your eyes , ruin their lives . I knew that low life existed but never thought that I would ever come across one, you have proven me wrong . In your eyes this is not a CERP BB it is a means to attack people and you should be in prison for such assaults . Think about it .
Swag, you have touched one of your nerves, go easy on that bud, I see that you still don't understand closed periods and to be honest bud my designation in life is not to educate others . I wish you all the best and hope you do your homework and progress up the steps to Ratclackers home run.
Swag, have you any idea what the company was doing pre spud on any other activities ?
Go and google what a closed period is and then come back to me, just don't try and fool these folks.
at all these negative posts on here by people that have no idea how a business works or what a closed period entails . NR and DL should have done their home work and not paid in rats clackers ,and bottletops to employ halfwits that stumble along ignorantly with profoundly stupid half baked questions that beggars belief . And now we have a halfwit that does not know what a closed period entails and is trying to be smug about why directors have not bought. I have seen it all but why are these numpties still posting when they don't even know what they are posting about????
This bb has gotten a bit strange, not much is said about the company or assets unless it is a negative . Most of it , maybe even 99% is about ****ging other posters off. I also noted that if there is a single poster with a fact or even a slightly positive post that almost instantly there rises the same 3 derampers that aint invested, but gang up on the positive poster trying to discredit him/her. I am now thinking that maybe Old rats Clackers is behind this as he went nutz when LK took over. I remember postin a week or so to test this theory and low and behold all 3 derampers popped up to have a go at me pmsl. That would be the same 3 people that advised you all to sell at circa 2.5p .