Member Info for wraith

I hope you are correct 1cagney,.... PVR & LOGP, jointly, still represent, the largest Funds invested position, in my portfolio, by quite some margin.

BW

ranger4,...I have had similar thoughts,..if the looming Trade War between US & China, threatens to damage their economy, as links below outlines ;-

https://www.wsj.com/articles/china-is-losing-the-trade-war-with-trump-1532729725

https://www.ft.com/content/36504080-b6b8-11e8-b3ef-799c8613f4a1

BW

Your welcome.

BW

Well JOEHIGASHI,...there is a lot of news flow to come, as can be seen, from those two links i have just posted,....I do also hold CERP,...I like both management.

BW

PRD Irish interests, mentioned in this link ;-

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PRD/13736861.html

BW

We are in at an early stage here JOEHIGASHI,....I initially bought in, for PRD Onshore Trinidad - Inniss-Trinity oil field operations,.....the potential upside, on PRD Irish interests, is Huge.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CERP/13716473.html

BW

Hi Auc1,...My first tranche was 80,000 s/p@2.98p,...second tranche 50,000 (market size) s/p@3.21p,....followed by two further tranches of 70,000 & 35,000 both in s/p@5+p range,...very comfortable averaging up here.

BW

That is what I am doing here Auc1,....holding & accumulating (when Funds permit) on the pullbacks,....still only bought four tranches so far, last one at s/p@5.2p,....still early days here, in for the full s/p potential on offer myself.

BW

Good afterrernoon offerman,... held RKH myself, bought in around s/p@40p level, before sealion, did OK with those.

As you say, "Onwards and upwards here for the next 1.5-3.5 years for the roadmap".

BW

Just been catching up here,....hope you make it back offerman,...a few years back, got caught myself for £40+K on DES, RNS that stated "OIL DISCOVERY", on which I Loaded Up,.... the following Moday morning, before market open, a second RNS turned it to water, I have never forgotten that day,...I put a tune on, to mark that infamous event ( https://youtu.be/NHydngA5C4E ), with the comment "Trust Gone".

Here at CERP, I Trust LK & holding for full journey.

BW

Just been listening to interview Mamms,....proposed bill, would increase Ireland greenhouse emissions footprint, as I understand interview,.....this bill makes no sense,....nor does the trade you mention.

Interview : https://www.youtube.com/watch?v=35n1_WH1s3Q&feature=youtu.be

BW

Hi lemonade,....it's only a massive risk, if one is overexposed,....hold a small position here myself, for drill results.

Not tempted to Buy or Sell, very happy to sit on hands here at present,....would not feel comfortable to be out of AAOG at this stage, nor would I feel comfortable to be overexposed.

BW

Good morning KUMS,....still a buyer here myself, as & when Funds permit,.... managed to pick up four tranches so far,....I see Corrib takeover approved ;-

https://www.ccpc.ie/business/mergers-acquisitions/merger-notifications/m18062-vermilion-oil-gas-sepil-shell/

https://www.ccpc.ie/business/wp-content/uploads/sites/3/2018/08/M-18-062-Commission-clears-acquisition-by-Vermillon-of-SEPIL.pdf

BW

Same with myself.

BW

Yep, should be getting close to news now ;-

"Closing

The Closing of the Farm-Out ("Closing"), which is expected to occur in Q3 2018, is conditional on completion of all ancillary legal documentation required to implement the terms of the FOA, and is subject to the approval of the Minister of State at the Department of Communications, Climate Action and Environment and the approval of the Chinese government. In addition, the details of and schedule for, the Drilling Programme are subject to further ongoing technical discussions between the Consortium, Lansdowne and Exola. Subject to Closing, the revised equity in SEL 1/11 will be EXOLA (Operator, 40%), APEC (50%) & Lansdowne (10%).

Further announcements on the transaction will be made in due course."

Source : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LOGP/13584144.html

BW

I have had very limited access to internet since 20/08/2018, just been catching up, finding this podcast ;-
https://www.voxmarkets.co.uk/company/PRD/?mediaAssetId=5b853a5b093b80001100eef4&jwsource=cl

"Their Ram Head prospect which is adjacent to the Kinsale gas, gas infrastructure and this is Ireland's largest undeveloped gas discovery it was made by marathon in 1984. It's 3 times the size of S Corrib (Shell sold 45% for $1.2bn in 2017)".
Source: https://twitter.com/SharePickers/status/1034730328605306881

Looking forward to further newsflow here.

BW

Yes, I noticed, it was late reported from Friday,....also noticed, two large Buys underneath it, sitting above today's late reported trade, 08:30:28
of 150,000 s/p@ 3.67p.

I bought PRD for their Onshore Trinidad - Inniss-Trinity oil field operations,.....taking a closer look, at PRD Irish interests ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PRD/13736861.html ), makes me even more comfortable (Future work will be focussed on potentially de-risking the High Estimate Prospective Gas Resources and updating the Competent Person's Report to reflect the results of this work.), holding here.

BW

Regardless, my patience is almost endless TirnaNog, when looking at PVR,.......... positioned, to take advantage, of either outcome, myself.

BW

rossannan,......LIND provide a service, I do not expect LIND to be long term shareholders in CERP, like myself,....have not checked for LIND TR-1s, would not expect to find any though.

BW

If I understand you correctly rossannan, you are pointing out,..... the monthly repayments, may alternatively be made in equity, at the prevailing price, at the time of payment.....in which case, it would be to LIND advantage, to have a low s/p level, whilst these payments in shares, were being made,......these cheap payment shares, along with the loan conversion rate of 8.1p, would give LIND an average sub 8.1p, if they then convert the loan, at a latter date, say when s/p is in double figures, H2 2019 (imo),....or have I misunderstood you.

Remembering the guidance, this is a "short-term loan facility", purely put in place, as insurance,....I do not believe, my above understanding of your post, is what is happening here at CERP.

BW