Challenger Energy Share Discussion Threads

[deltalo] 23/5/2021 22:24

Don't forget Linton, the single appraisal well that's now being drilled will produce minimum 200-300bopd, and that's a reserved estimate, so 1.8m a year minimum on a 60dpb, Brent is around 70dpb and at the top end I'd expect results if above 300bopd and a value over 3m a year. Then it's onto the next 5-9 wells this year. Potential revenue will outweigh any funding as the company value increases. Suriname spud is coming up in about a month's time to add more oil revenue, so all to look forward to and that's not mentioning a possible Farm-in from a major and are asset of 1.4bb in Uruguay. MMs will have to value this accordingly and I know my business, just watch and learn from experience. Atb anyway.

[deltalo] 23/5/2021 21:06

We'll we'll soon see about that Linton, I see you're gone over to the dark side just as the Death Star is about to explode. I wish you well anyway.

[linton78] 23/5/2021 20:55

Deltalo - this prospect is tiny. The same management are in charge.

Your ramping rubbish on LSE is boring.

They don’t have the funds to ramp up production.

[zxie] 23/5/2021 20:17

Before LGO change name to CERP have 300% rise. BPC just copy LGO now

[deltalo] 23/5/2021 20:15

You do know the appraisal well has now begun today, and the start of another 30 well's to be drilled and a potential 30m+ revenue a year from a oil price of 60dpb. So between 5-9 wells to be drilled this year and a 1500-2000 bopd by year end, and a predicted 4000bopd as a full field development in the next 18 months. So it's all about oil production now and the company is fast forwarding its drilling program to start making high volume near-term cash flow. Drilling has now started, so enjoy the share price rise next week. I thought you bought in last week BigSi2. You've got an advantage to make a huge return here as your already here. Wait until the herd's arrive then you'll be happy.

[zxie] 23/5/2021 20:13

It is the same as CERP's previous financing. Generate profits in the short term. This is old game . can buy now is good entry

[eggchaser] 23/5/2021 19:39

Hey fatty it's better than the death spiral financing the old CERP lot got into... just saying...

[bigsi2] 23/5/2021 19:37

That's how I bought in on an all time low and will almost certainly make a good return -Whilst I suspect you need a steep rise just to break even -

[bigsi2] 23/5/2021 19:35

The smart question everything and the stupid doubt nothing seems more appropriate

[zxie] 23/5/2021 19:12

Foolish people doubt everything

[bigsi2] 23/5/2021 19:03

I very much doubt that the 200BOPD from SF2 Will be that game changer

[bigsi2] 23/5/2021 19:02

A "game changer" for CEG will be when BOD stop having to continually rely on shareholders to fund activities/development.

[deltalo] 23/5/2021 13:37

I expect Saffron#2 appraisal well drilling will just about to start. 8:35am in Trinidad. Game changer for the shareholders is about to begin.

[bigsi2] 23/5/2021 08:12

Welcome to the Dark side

[zxie] 22/5/2021 23:03

Could Be happen June Suriname drilling . https://twitter.com/ceg_plc/status/1393141954360266756?s=21

[zxie] 22/5/2021 22:59

Losers want to be a stumbling block? Idi@@

[zxie] 22/5/2021 22:52

Following a successful Saffron-2 well, a further five to nine production wells are currently planned to be drilled in H2 2021 as part of an overall field development of up to 30 wells-- These further five to nine wells are projected to deliver average daily production of up to 1,000 - 1,500 bopd, which it is estimated would provide US$8 million - $12 million of annual cashflows going forward (based on a US$60 / bbl oil price)

[zxie] 22/5/2021 22:50

UruguayThe Company has been advised by ANCAP, the Uruguayan state-owned oil and gas company, that the signing of the OFF-1 contract presently awaits presidential approval, which has been delayed due to the Covid-19 pandemic situation. The Company expects the formal contract execution within Q2 2021, and will thereafter commence initial desk-top and technical work.In the interim, technical work undertaken independent of the Company by ANCAP has sought to highlight exploration prospectivity across the 15,000 km(2) licence area. This involves detailed mapping of several play types and prospects, notably the syn-rift play potential within the BPC OFF-1 block. The prospect and lead screening includes the specific identification of the Lenteja prospect with a P(50) estimated ultimate recovery volume (EUR) of 1.359 billion barrels and an upside case of several billion barrels recoverable (source: ANCAP 2021), located in just 80 meters of water. This volume estimate aligns well with the earlier guidance provided by BPC of the potential within its OFF-1 licence area in excess of a billion barrels.

[mr woodland] 22/5/2021 22:46

Lint78+ 12billion dog are validation is foo!

[mr woodland] 22/5/2021 22:43

Most such fools are selling at a loss and have no patience. He couldn't see sf2 future

[deltalo] 22/5/2021 22:30

If that's your attitude then why are you here and not posting in the BPC forum, We've moved on and I suggest you do the same.

[linton78] 22/5/2021 21:59

I am sure you and starchild think this will be a great punt.

[linton78] 22/5/2021 21:56

I probably came out with a narrow loss at 20% because I ignored idiots like you.

[zxie] 22/5/2021 21:50

Every one know you big loser in BPC mate just one word for you (foo !)

[zxie] 22/5/2021 21:49

LSE fool silly people