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Today 22:20Price: 4.00
Bamps21589 posts
RE: Future M/Cap ?

Hi Joebop
It's unlike you to be negative.
I must admit at first I was not happy with the placing but the SWP is coming sooner after this placing and the profits will be enormous and the big guys are close. The placing price is going to be insignificant at this price.
Keep smiling all the best :))
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Today 22:04Price: 4.00
joebop2,906 posts
RE: Future M/Cap ?

Well those who took up this placing voted against this sort of thing at the agm. They were buying between 5 and what, 5.5p? 6p? On the open market. Had to hurt. This placing lowers their average somewhat.

The previous 5p raise with Schroeder was over priced BMB.
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Today 19:28Price: 4.00
BilboMultiBaggin1,884 posts
RE: Future M/Cap ?

I’ve been a bit disappointed of this one lately..... it’s not the fact that he’s raising money this year, it more he talks about accretive dilution...... if that’s the case why is this fundraiser so much lower than the last?
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Today 14:33Price: 4.00
middleEastMoney1,247 posts
RE: Future M/Cap ?

Hello Offerman.

Thank you for your input, and I’m very pleased to see our agreement in general terms.

Having had someone ‘validate’ my thoughts and looking further ahead, with some assumptions, let me add that my future M/Cap theories inc a gradual ‘printing of shares’ to raise cash at stages in the process, ultimately I was assuming we would have approx 150m more shares.

I had greatly discounted any Reserves, but given our M/Cap today and where we might be in 4 to 5 years (perhaps a great deal quicker if Big oil come onboard) assuming WTI at $78 pb, the biggest threat to CERP, is not is the oil there, but ensuring we keep LK in place.

He has transformed our Co, he has gravitas and a reasonable plan, is well known and respected.

#keep LK is our No 1 priority
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Today 14:12Price: 4.00
Teacup641,067 posts
RE: Future M/Cap ?

I remember team CERP and some locals cleared plastic from the sea in Trinidad. If LK can twist it slightly, he may be able to get the locals to help bucket that oil seepage into barrels for us....in the name of helping the local wildlife and environment of course.
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Today 14:04Price: 4.00
LGO-fan2,492 posts
RE: Future M/Cap ?

in which case the next AGM is in the SWP, purple buckets at the entry to go and scoop all the oil up! :-)
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Today 11:42Price: 3.90
Chesh12,426 posts
RE: Future M/Cap ?

Alternatively LGO-fan,

There is a delay..............!

Because of the risk assessments having to be done, due to the oil seeping through to the surface :)

All the best (got to be slippery that stuff :)
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Today 10:32Price: 3.90
LGO-fan2,492 posts
RE: Future M/Cap ?

my view in simple terms:

1. CERP to drill with our without partner in SWP to demonstrate proof on concept
2. Get reserve report
3. Sell to big oil if 1 is a success
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Today 10:32Price: 3.90
Bamps21589 posts
RE: Future M/Cap ?

Hi offerman, capital
The big draw for Goudron is the high api oil in the high 30's not like the SWP/Suriname where it is only mid 20's. Pity Goudron is an IPSC as we don't seem to benefit from it. The light api oil is indicating that it is coming from another source lower down. I wonder if the survey has picked that up.
Predator have got access to 2 wells but I believe they can buy the whole field
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Today 10:12Price: 3.90
capitalidea180 posts
RE: Future M/Cap ?

Thanks Offerman,

There are so many opportunities and so many colours. I like the idea of the green deal with all the trees at Goudron and the chance of very big oil below. If Predator CO2 leads to an offer for Trinity Innis would that be the whole field or just the wells they want to work on? Either way the funds would enable us to drill more wells in SWP earlier. Mind boggling prospects!
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