Ceb Resources Share Discussion Threads

[domple] 29/10/2015 17:56

Thanks Tony.

Rather than lots of emails. Does anyone have a (sensible) question they'd like me to ask DW.

Mine was: Do you think I should put the deposit down on the Aston now or in 6-8 wks time? lol

[nesty1760] 29/10/2015 17:40

It's gonna be at least 6-8 weeks before back from suspension IMHO!

[citytrader007] 29/10/2015 15:24

yea, or the PI's got a template ... again, just wait and see.

[therealtonythetiger] 29/10/2015 14:58

nesty
Totally agree mate..I know a few CEOs have a template response to any emails from PIs which makes their life easier.
Tony

[citytrader007] 29/10/2015 14:43

If he is actually emailing ..... just let them carry on with it, speculation does nothing with its listing closed, if its all good, its all good, and the same vice versa.

[nesty1760] 29/10/2015 14:26

The thing which I don't want here is pi's flooding DW with emails. I'd prefer DW to get on with things & just securing the deals etc. We don't want this turning into BMR, where the CEO spent more time emailing pi's, then actually getting on and doing the work!

[therealtonythetiger] 29/10/2015 14:22

Domp
Sent you a PM.
Cheers
Tony

[the stigologist] 29/10/2015 09:57

lol

AGQ

W1NDJAMMER 14 Oct'15 - 14:13 - 40796 of 40807 0 0

I guess that's Sprott gone now, they had 850k left to shift on 30th Sep should be blue sky now up to 20p imho

WJ.

[therealtonythetiger] 29/10/2015 09:40

Domp
Still no reply from my mate but i know he is v busy atm work and new home build.
As soon as i get it i will send pm.
atb
Tony

[domple] 29/10/2015 08:51

Thanks Tony.

Well, it's a matter of wait and see. If DW is right and he and his team are busy beavering away at deals etc, then when the suspension is lifted there may be some more great news.

[tidy 2] 28/10/2015 18:57

Email from DWHi Chris... love where you are taking this but I can say, after 35 yrs of doing this, it is difficult to assess the value of any asset and what the market will reward for it. I wouldn't spend too much time in trying to figure it out... let me explainNot all barrels are the same in terms of value. We evaluate fields on a very technical and commercial in-depth modelling and our models are extremely sophisticated. As you know it is not just the production of the well but also the decline rate as you well know all oil fields go on decline in the very early life of the well. The next question is what is the operating costs and following that we look at the fiscal terms governing the production cashflow. In North America there is a royalty scheme where the govt get's its share. Indonesia is governed by an Production Sharing agreement where the company supplies the capital and expertise and in return retain a percentage of the gross production. The advantage of the PSC system is that even though we would only receive, say % of the gross production but we recover all our costs from the govt share. So for fields on production, and for CEB it is why we are focusing our attention on farm ins for a work program because we would immediately be getting those costs returned from the govt share, the next month actually. The net amount of capital we have to raise will be the gross capital less what we get in return from the cost recovery pool generated by production.The last and the most important factor is assessing the value of production in Indonesia is the oil price and quite frankly no one knows where that is going however, history has shown that oil prices are a function a huge swings depending on the supply demand picture. What is interesting to know is that the world's oil demand has made the largest jump in 2015 in history. Here we go again, high prices cause huge investment in the shale oil play in the US (which have been carrying close to $0.300 trillion in debt) then based on the glut in production the demand gets out of control, prices drop, major oil companies cut investment and low and behold, supply drops and the demand side takes time to react as people must change their lifestyles to a certain extent so demand continues and supply drops and when the first buyer of a crude ship has to bid for it in competition with others, then the oil price kicks up as quick as it dropped.Anyway, hope you found this helpful, it would be wrong to give you any comments on the content of your assessment so good luck with it all. Cheers Dave

[therealtonythetiger] 28/10/2015 18:45

Scott
I noticed the email addy on the website but just making sure it is the correct one...
Tony

[scott1000] 28/10/2015 18:42

Yes Domple, same as what tiger said. He his happy to answer questions with a degree of caution.. Email him yourself. His email is on the CEB website. It's not hard to find. The share will be suspended til mid December at the earliest IMHO.. But I don't know anything.. Purely a guess!

[domple] 28/10/2015 17:30

TRTTT
You got his email address?

I have been told the company cant say anything until the next rns. came from their contact details. so, perhaps you might forgive me, if I question whether DW has sent email after? suspension saying what the company will be up to especially when some are saying the reason for the suspension was due to DW's giving away too much info in the first place.

[w1ndjammer] 28/10/2015 17:05

Evening lock-ins hmm wonder what price the fundraising will be .6 .5 or .4

lovely weather aint it..............

WJ.

[therealtonythetiger] 28/10/2015 17:00

Domple
Why dont you just email DW yourself..

[domple] 28/10/2015 16:29

in that case, it seems as if he's (DW) expecting there to be a long wait if they are looking to carry out all that whilst in suspension....

question is, Did he really say that?

[scott1000] 28/10/2015 15:40

We are friends on Twitter! Ian also posted it this morning on Twitter. He had emailed DW direct.

[tidy 2] 28/10/2015 13:32

Posted on lse My Twitter ANDY64570

[thehitman1] 28/10/2015 13:03

Tidy 2, let's be honest for once.

[rodrod1] 28/10/2015 11:45

tidy 2 - where is that from? an email to you??

[scott1000] 28/10/2015 11:44

Tidy what's your Twitter? I'm seeing all the same posts and probably friends with you on there.. I'm Scottmcgreal on it..

[tidy 2] 28/10/2015 11:23

Mail from DW: "We now have the time to build the company in terms of assets, bolstering the board, re-branding the company, so when we come back on trading we will show an entirely different company to the market. Of course, we are working on all off these components simultaneously but it is unfair to give any estimate of the timing."