Member Info for willec

By the way the Bahamas has long gone and of no importance at this time.

Why the hell are people a) still going on about the Bahamas and b) comparing Uruguay to the Bahamas.

Uruguay is completely different and as I recall the Bahamas did not have any comparison to Uruguay as BPC were the only ones in the Bahamas, whereas Uruguay has CEG, Shell, APA and YPF which can not be disputed, plus in Namibia which is on paralell to Uruguay they have massive discoveries.

So, why are people here comparing Bahamas to Uruguay as Uruguay is a completely different 'kettle of fish' with better prospectsw going forward thanks to the findings in Namibia.

I have not mis informed anyone, we have had companies going through the data room and we expect a farm in annoucement shortly. Where have you heard differently Druid???

You haven't have you.

I am not misinforming anyone Eytan stated in June 2023 that he had begun the farmout process and since then many well known companies have taken part and shown interest (c 12). Now we await prosposals which will be given to CEG plc any time now.

I admit I have not been in the data room, but neither have you. We should have news within the next 10 weeks. Please tell me where I have misinformed people?

How can I have been waiting for the farmout for years as it was announced to have started in June 2023

Just wait for the farmout

Seriously, this board and ADVFN seem to just see the negativity about everything. I imagine everyone on both boards hate life and are just have sudicial tendences.

Can no body see the positive about OFF 1 and OFF 3. We a farmout in its final stages and due any time you lot seem as if the company will fold by the end of 2023, which will not happen.

We have a nice production operation in Trinidad and on the verge of a nice farm out.

Why can't anyone see the positives????????

Top ASK being hit a lot at the moment which the share price increasing - news could be any day or week now on a successful farm out on OFF-1 looking like more people are slowly catching on to how big Uruguay is. Any idea on sp with successful OFF-1 farm out?

Interesting to know the share price on news of a farm out? Wonder where we may stand on announcement, especially as share price in steadily rising over the past week with news potentially within the next 8 weeks.

Why have we so many people on this chat board when they have no shares. Seems ridiculous to be hanging around here when you have no shares - pathetically sad to be honest.

I am not paid thankyou very much, I can just see the massive potential here and look forward to a lovely rise in the next year.

You can thank me in December 2024. This is why I have been adding regularly since the purchase of OFF1 as this is going to be big. Take a look at West Africa for a clue.

Production in Trinidad and Uruguay, forget everything else for now.

URUGUAY WILL BE MASSIVE, if not why are we surrounded by Majors???????

Uruguay is hardly a fairytale, once we get the farm out this share will see a profit the year maybe a lot more. Wait for a serious re rating, you trolling scum.

Level 2 has just got strong also with 2 x 1,000,000 buys at full ASK.

Farmout to come very soon followed by a very nice re rating and a big one at that.

The trolls are desperated as there forgot to sell their short positions.

Back to 1p before you know it.

If things were so bad then please explain why the buying volume is so high and increasing in momentum. This is a VERY STRONG BUY and knowledge else.

Looks to be a strong few buying sessions up nearly 20% in 2 days as we get closer to farm out announcements in Uruguay.

With a nice re rating on the cards very soon this is so cheap at the moment with the analysts having CEG as a STRONG BUY!!

Seriously, you idiot when you have a share price below a 10th of a pence the spread will tend to be high.

Up 13% yesterday and 5% today is a good start now watch it continue to increase until farm out is announced.

Also, the 'death spirial' people keep taking about on here - what evidence - none.

What 'death spiral finance'????

All he has done is taken out a £ 3.3mln covertable loan for Trinidad which is quite reasonable and no way near 'death spiral' you lot need to get a grip.

That is not Eytan's fault if people can not get over the Bahamas and trust him. Give him the chance to deliver.

He has cut costs, we made a profit for the first time in 5 years, ROCE is positive for the first time in 5 years and substainally improved from last year.

We are on the verge of a farm out and the analysts all indicate a BUY rating. He has turned this company around give the man credit for this and give him time to improve the company further. Who cares about the sp tomorrow. The work is not done in one day it is a continually process and he is achieving.

Have you completely missed the fact that we are on the verge of a lovely farm out in OFF-1 next door to majors who are confident of success. Also, the fundmetals showed a profit of £4.38m with the Shareholders' Funds the best in 5 years.

Not only that but the RCOE was positive for the first time in 5 years and the ROCE was substainable improved from the previous years.

Everything is going in the right direction now.