Member Info for willec

Just going on the basis of the rising share price this week and the fact that it is only 10 weeks before 2024, so at this point it could come at any time now. Nothing misleading here - and with the increasing in sp this week others must also agree.

........with news of completed farm out due any time in the next few weeks.

Definite STRONG BUY and re rating on farm news.

Up 11% on the day so far as the buys continue

Level 2 continues to get strong as we get closer to farm out news

Https://energycouncil.com/articles/uruguay-focused-independent-upbeat-on-farm-in-deal/

MONTEVIDEO, Sept 19 (Reuters) - Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell (SHEL.L).

I ask as when we get a farm out in Uruguay and news come through the majors know we have a potential of 1 - 2 bn barrels on OFF-1 minimum.

This has got to lead to a rerating and on current oil prices and looking at the MC now I would estimate with 1bn barrels : 18p minimum

Why is it a 'pile of crap'?

Please why are people ignoring Uruguay we have 2 blocks with a potential of 1-2bn barrels minimum in OFF-1.

Adjacent to us are Shell and APA, both majors, with YPF nearby. If Uruguay was to be such a failure why are these majors planning expensive drills?

These begin the case of them drilling being adjacent to Shell and APA are you saying they will not be interestede in our work. Now that is crap if you believe that.

I do not care what AIM is like the fact is we have two prime assets in Uruguay with 1-2 bn + in OFF - 1 and more in OFF -3 potential.

Some company will be interested in a farm in or are you seriously telling me that a major would turn away from a potential 1-2 bn barrels + of oil.

An example of your logic:

Shell CEO, for example, says "We know CEG have a potential of 1 - 2 billion barrels of oil plus, but not interested in that amount". Now that is rediculous.

Shell could be any major that was just to explain to your simple mind,

If you are going on about the Bahamas again that was one drill which was a duster. You are not always going to find oil first time.

Uruguay is different, why are the Majors interested? Lets get the farm out completed, on to 3D and then a drill.

Having a duster in the Bahamas does not mean a duster in Uruguay ZagEgypt or are you totally stupid.

For some reason a lot are still very negative and with farmout news due I do not get it. Seems very tame on the markets. Why can't people see the potential of CEG?

Eytan said he was carry out a drill in the Bahamas and he did. It is not his fault in was a duster. Many oil companies has dusters. We are producing oil in Trinidad ande next is a 3D and drilling in Uruguay.

Just because no oil was found in the Bahamas does not mean no oil in Uruguay. Come on man - think about it.

Why are you all so fixated on the past and much everyone is down. I do not care to be honest the fact is this is coming to the end of a farm out with news very soon and after a re rating no one will care about today's price and when we beginning drilling in Uruguay the price will be far higher than today. So, just sit and be patient and the price will adjust to fair value as it is so undervalued at the moment.

What I do not understand is why everyone on here is so fixated on how much people may or may not have lost???

By the way ZagEgypt 18% is 18% is it not? So I do really care the fact t rose 18% is good enough for starters, just wait for more increases to come as the Uruguay wells get more coverage. This is dead cheap ande expect more increases in CEG's share price in weeks and months to come until 3d in done and we get ready for a drill.

No I am not, but as we approach a Farm Out and the market is becoming more interested we will see the share price continue to rise. I expect more buying in the weeks ahead as we go above 0.10p and beyond.

Just be patient shares are not short term game and it sounds like most of you idiots trade this as if it is a day trading share which it is not. Just wait for the farm out, 3D and then drill.

No and with L2 improving on Friday I expect the next few weeks will continue the upwards momentum as we approach a farm out.

Up 21.6% in the last week

This is no way the same as the Bahamas. How the hell can you compare Uruguay with the Bahamas. Unlikely the Bahamas we have a lot of majors interested in Uruguay ande at least 1-2bn barrels of oil identified.

Why don't you just sell up or give them a chance to get a farm out and on to drilling. How can you blame any company for not finding oil. If it is not they it is no ones fault.

The CLN taken out the other month was the best option now on to the farm out, 3D and drilling.

Come back this time next year and will we see a much higher share price and good news coming out of Uruguay, which is better than the Bahamas.

The Bahamas had absolutely no interest from other majors, whereas Uruguay does. That should tell you something should it not.

Yes the main reason they did not do this was unexcepted costs due to natural events which BPC had no control over and then it was thought that it was better to save money rather than continuing in such a harsh environment when prospects were increasing looking slim.

Good move to save money or would you have liked them to go bust there and then. If they had continued the company would have gone and nothing would be here now. Greatr management decision to stop and later diversify its portfolio.

Maybe you would have liked them to go bust then as you seem to hate this company for some reason.

Many oil companies have had dusters and then discovered oil, so why not CEG?

That does not mean the same result. They drilled a well in the Bahamas which was the aim. It is not their fault no oil was found. Now they are going to drill in Uruguay once a farm out has been completed and 3D carried out and the potential for oil is greater. Can you explain why several majors are interested in Uruguay and none where in the Bahamas.

Use your brain for a change. The change of a successful drill in Uruguay is pretty high and a lot better than Bahamas ever was.