Member Info for willec

Suriname results can't be far off now and looking very promising in this area.

Remember we also have Suriname results soon and Koot seems happy about what is happening here too.

People should be delighted over the merger, but no one is - sad shorters

Obadhia, I would not ask legal advice from anyone here apart from baraboy123 they all seem incompetent in understand how good this merger of CERP actually is.

onlybpc - you say results on Suriname tomorrow, please where did you get this info.

I hold CERP and do not know to much about BPC, After a lovely 17.31% rise on Friday afternoon I would expect this to continue into next week. Would like to see 5p + by Friday. As we are getting 0.803p per 1 BPC share that should give a sp for CERP of 4p per share. As I see it the closer to merger the more this will align. I come here too check as the number of gloom merchants on the CERP BB this weekend is ridiculous. Any PROPER views on my thoughts very welcome.

whistler51, the more BPC goes up the better for us. We are in a very strong position here thinking about it.

We are ready for production when we oil, oil price moving close to $40pb and Koot said anything over $35 acceptable. Bearing in mind after lockdown prices are more likely to rise due to increase demand for oil and we have enough money to guide us though this CV19. We have a very strong position in SWP and increase ventures in BPC - people seem to have forgot the company derisked last week as they not only have Perseverance Well, but also Uruguay as well

Thats alright but at least Chesh can you see my thought processes - OK want to make money like most of us, bar the shorters on the bboard but I think I am logical here and fair realistic. Leo Koot is not stupid he has been in talks with BPC for a while and looks like at the right time as drilling SH2020, FH2021. I like it. Have you watch all the BPC videos? looks good

so if concerned on high risk use the spud date to work out the c date of announcement and get out just before or stay in the choice is yours, by which time the ssp will be so much higher than know as people have been waiting for this for years and will want to be involved - again good move LK.

good point I am beginning to forget about lockdown because it just feels normal to me apart from time of work.

How can you be sure - struggling to get to $40 WTI at the moment.

On close of play:
MC = SP * SiI
CERP: Shares in issues 918m
MC: 17m =5.4p

BPC: Shares in issues 2,448m
MC: 75m = 32.64

After merger: Shares in issue: 3,366m
MC: 92m

Merger: 36.58p

This is so so undervalued - obviously drilling etc but the potential is in the calculations

Get out NOW or reap the rewards to a much higher sp.

LGO-gan get it is to your thick skull, 2.6p is meaningless. It is 0.803 shares per 1 share. So the price is irrevelant if BCP goes to 10p that makes our share 8.03p - DO YOU UNDERSTAND!!!!!

Bamps21 you are so blinkered it is unreal. Tae time to look at the preentations and bugger off until you have done so - hear you when you have something sensible to say.

If this is 15p (or equv after merger of of 12p) I will be happy.

as I said baraboy123, if the want to sell tomorrow great I will buy theem immediately 1.9 - 2.0 dirt cheap.

We have safe drilling in Trindad, Saffron successful drill, branch out to a well with Bahamas. We are expanding safe plays weree money can and is sbeing many. Growing our business with a merger and more cash and a drill that Koot would have not rushed into. He is looing over drilling and nows the laid out well or he would not have taken it on. Enough sp rise between now and post spud , pre drill and time to get out if one wishes. What is the problem - looks very good and expect 5p + come December pre drill.

Ignore Bamps21 please hasn't a clue - look at the interviews $25m to raise ready gor drilling in December.

After listening to BPC interviews today this looks better and better for CERP and think LK has done it again, Looking forward to the next 6 month this sp is becoming more and more undervalued week on week. I expect a positive re rate very soon.