Member Info for wraith

I thought the last "Saffron well - update" ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CERP/14377004.html ) was good, Chesh,....hence the adjustment, to my current ratio, between the two,....may increase further, here at CERP,....happy to sit on hands at PRD, until news,....have a good weekend.

BW

Agree JD01,....see it as the key myself, to unlocking the potential wealth, locked up in ZEN assets.

BW

Which I did last week, in two tranches (1 tranche, straight into ISA a/c).

BW

Hi Bamps21,....I was agreeing with your comment, "When the Market can't see the potential that's the time to buy",.....in my particular case, it is right for myself, to increase exposure, to CERP.

BW

You could be right, Chesh,....but we have uncertainty, here at CERP, with Schroders selling (potential overhang), depressing the s/p level,.....also, I'm already holding, a good size shareholding, in PRD.

BW

"When the Market can't see the potential that's the time to buy.",....I had been holding light (3.75 PRD shares, to 1 CERP share), here at CERP, Bamps21,....I average PRD & CERP s/p, giving me a joint Gross average s/p, across the two shareholdings (which is very low), so for myself, it was time to increase the ratio, in favour of CERP (without selling any PRD), my ratio is more balanced (1.73 CERP shares, to 1 PRD share) now.

BW

Yep, very nice start to 2020.

BW

tilapia, that's why I'm here, SEA7,.....I also like the B+ credit rating & the marsh area/horizontal drilling, owning own rigs in house, etc;-

"Zenith Energy cuts short-term debt as it looks forward to C-37 flow rates",..interview;-
https://youtu.be/MqAijLHCjR8

BW

Exactly, duster, no problem,....this,hard to believe, having done the risky bit...well, I am leaving my AAOG shareholding, as it is,....& concentrating on building a ZEN shareholding, targeting having equal Funds invested in ZEN shareholding, as I invested in AAOG.

BW

A few of us, were suggesting the Mengo production first, was the way to go,Tiburn,...followed, by a 104 Djeno well, once the cash started to roll in.

BW

Your welcome faz7475.

BW

PRD seem confident, signing a Confidentiality Agreement, specific to a new CO2 EOR opportunity, with another operator of a mature producing oil field, onshore Trinidad.
Source: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PRD/14258918.html

BW

I also read that 2.2m, as a Buy.

BW

I put a tune on that morning, under the heading something along the heading, "Trust Gone",.....the Tune was;-

"The Power Of Good-Bye": https://youtu.be/NHydngA5C4E

BW

I can understand, the position you find yourself in, Mylucy123,...many years ago, I lost £40,000+ on an Oil Discovery RNS,(issued by Desire Petroleum),....when on the following Monday morning, they issued a further RNS, pre market open, informing the market, they had not made an Oil Discovery,....I don't expect to win them all, but when this sort of thing is going on, unchecked, it does make investing in AIM, very High Risk (imo).

BW

Taking their low (428.3% increase in s/p), of s/p@14p, would give us a Market Cap of £118.72m, by my calculations (848m shares in issue),....as to current Market Cap of £22.472m,....looking at last update RNS's, on CO2 project (PRD), & Saffron Well (CERP),....be interesting to see, where Mr Market takes the s/p, if we have very good updates, on both.

BW

Hi faz7475,...they have the high at s/p@21.60p.
Source: https://markets.ft.com/data/equities/tearsheet/forecasts?s=CERP:LSE

BW

I hold both CERP & PRD shareholdings, thechancers,....my attention is on both, CO2 project & Saffron Well,....on the CO2 outlook, I found PRD RNS of 9 October 2019, encouraging;-

"Paul Griffiths, Chief Executive of Predator, commented:

"We are pleased to be working jointly and most effectively with Columbus to advance this exciting project. The Company's near-term focus is to prioritise CO2 EOR production growth by adding new CO2 EOR opportunities using the experience we have gathered to date on the ground in Trinidad. Adding new projects is not capital intensive and is consistent with the current risk-adverse market sentiments. The signing of a Confidentiality Agreement specific to a new CO2 EOR opportunity is an important step forward."
Souce: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PRD/14258918.html

BW

Thanks for the welcome, Resourcehunter,....I still have a lot more research, to do on ZEN,......I like the sound of Horizontal Drilling & the virgin swamp area.

BW

Holding both ZEN & AAOG shareholdings (present ratio: 3.75 ZEN shares to 1 AAOG share) myself,....not biased, one way or the other myself,.....hope it works out, the best it can, for both groups of shareholders.

BW