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Share Name Share Symbol Market Type Share ISIN Share Description
Columbus Energy LSE:CERP London Ordinary Share GB00BDGJ2R22 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.90p 2.85p 2.95p 2.90p 2.90p 2.90p 363,489 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.8 -5.0 -0.9 - 24.10

Columbus Energy Share Discussion Threads

Showing 9651 to 9673 of 9675 messages
Chat Pages: 387  386  385  384  383  382  381  380  379  378  377  376  Older
DateSubjectAuthorDiscuss
17/1/2019
13:29
12bn - what's more interesting is that circa 1000 bopd even for a short time shows potential and that's why LK is working towards pressure restoration there through pumping and longer term finding connective water flooding. Even after the fuss died down GY 670 continued at 35 bopd unsupported. Good to see you talking about what's actually in an rns rather than your usual cut n paste jobs - next you'll be congratulating LK on hitting the 1000 bopd target - are you sure he doesn't have a magic wand 12bn?
arrynillson
17/1/2019
13:10
The point was that initial flow rates are irrelevant to actual sustainable flow rates and should not be used in serious RNSs imo. Well 670s 6000 bopd was the open choke flow rate,it did show us though that initial flow rates are really irrelevant to what is sustainable.
12bn
17/1/2019
12:43
jcg, I hope that's what it'll remain. We don't want to be diluting the highest potential company of the T&T stable with some of these lesser efforts. Quality SA acquisition is the next thing I want to be reading about. Regards, Ed.
edgein
17/1/2019
12:39
I wouldn't take too much notice of those rumours, RRL released a RNS stating they know of no reason etc for the share price movement.
jcgswims
17/1/2019
12:36
Hmmm buying out RRL, that doesn't exactly fill me with the same excitement as that money being used to drill the SWP or moving into SA that's for sure. Regards, Ed.
edgein
17/1/2019
11:30
From Garnhiem Wed 22:26 ------------------------------------ RE: Question to the Team “All of our activities in Q4 2018 were undertaken at a time when Trinidad was witnessing the worst weather conditions in many years with record rainfall and resultant floods which impacted the lives of many. These conditions severely hampered our operations on a number of occasions, in particular gaining access to our wells which needed operational support to maintain production. In many instances, roads were flooded and impassable. This also had a knock on effect on our rig campaigns to increase production. That said, our operational and support teams performed admirably in very difficult circumstances and our back-up power-generation facilities, installed over the past year, ensured operations were maintained when grid electrical power was lost due to the weather conditions” ====================================== Wed 22:28 RE: Question to the Team “No Lost Time Incidents were recorded during the quarter on any of the field operations. The increased wellwork activity, with up to four workover rigs in simultaneous operation and the challenging weather conditions which resulted in significant road access difficulties, were successfully managed by the integrated HSE team.“ “Preparation for activation of the Columbus owned CESL-1 workover rig was progressed with mobilisation of the rig to the Goudron Field to complete the final work that will allow certification of the rig by the authorities.“
nexus7
17/1/2019
09:42
"well gy670 that initially flowed at 6000 bopd"I believe that was the estimated open choke figure :)Don't forget the bottom hole and we'll head pressures too ?
garnhiem80
17/1/2019
09:40
True dat 12bn, I believe the gas in the wells has now depleted, sand and water production is no longer an issue.. Ritson and his chokes to produce clean dry oil!
garnhiem80
17/1/2019
09:32
Initial flow rates are irrelevant to long term production. Anyone remember well gy670 that initially flowed at 6000 bopd,yes 6000 bopd. It was then choked back to 1000 bopd and that didn't last. LK sounds like the old NR who was also into spin.
12bn
17/1/2019
07:56
Correct, a higher number to start of with , should prolong the time for the next intervention.
garnhiem80
17/1/2019
00:48
Oil Gains as Russia, Saudis Signal Commitment to Production Cuts ► Minister says Russia will hit OPEC+ output target by April ► Crude shrugs off bearish U.S. data to rally late in session Oil closed higher for the second straight day as Russia and Saudi Arabia signaled they’re on track with production cuts designed to avoid a global supply glut. Futures in New York staged a mid-afternoon recovery on Wednesday to top $52 a barrel, shrugging off bearish U.S. demand data. Russia will meet its target for curbing output in April as part of its agreement with OPEC, the country’s deputy energy minister told reporters. That followed a U.S. report showing Saudi Arabia slashed shipments to American refiners by a third last week... Https://www.bloomberg.com/news/articles/2019-01-15/oil-held-gains-near-52-as-signs-of-tighter-supply-lend-support
nexus7
16/1/2019
23:46
Is it a forced spike, when it was first completed in the GS, it didn't flow naturally and had pumped rates of 35bopd.You think their lessons learnt on re completions, new pumps etc are now paying off and can now be applied elsewhere ??
garnhiem80
16/1/2019
23:30
Dross - individual Well production rates vary greatly over each quarter - examples are provided with detailed graphs on the CERP website - the team have to work to keep up the overall level - that is reality - perhaps it's not the same for you playing Fantasy Oil & Gas Manager. The more active wells they have the better it is for sustaining the overall level and gradually pushing up production. If you want to campaign on the basis that production won't rise why not come clean and say it - 12bn, your host, was quite clear about his stance and was proved wrong time and time again but at least he made his position clear!
arrynillson
16/1/2019
22:35
Garnhiem80 In fact the quote that your namesake on the LSE BB has now highlighted suggests that it may well have been a forced spike:"The GY-677 successful perforation in the Goudron-Mayaro sands in December 2018 added instantaneous oil rates of over 70 bopd."Substitute "initial" for "instantaneous" and picture LK with a silver moustache. There you go!
rossannan
16/1/2019
21:32
Garnhiem80 The next update will show us whether or not that 1000bopd was by way of a forced spike, but from the articles that I read the worst of the weather was mid-late October with consequences running into November. All that time the IPSC assets performed as per. The impression remains that the narrative has been over-simplified.
rossannan
16/1/2019
21:22
Garnhiem - if LK wants to share more detail about the team's Herculean performance against the independently corroborated weather conditions I'm happy to hear it but I'm not concerned about a reduction of 65 bopd in the quarterly average because that now is just a historical statistic - what's important is the going forward figure and at 1021 peak it's impressive, meaning ' new ' production was circa 400 bopd during December - how much of that won't continue after 31/12/2018? CERP are therefore in a good place for further development of the new assets and as I mentioned previously South Erin looks exciting and Snowcap very useful (more profit per barrel on these fields as they are not IPSC ).
arrynillson
16/1/2019
19:03
I believe from local news sources, the actual fields may have not had a direct impact from flooding! More so the restrictive mobility around the island and power outages. There was probably more work planned and a commencement date much earlier than the months indicated in the RNS. Leo also indicated repairs were also needed before even gaining access to some areas.1000bopd was still Met and by the sounds of it a massive team effort to achieve it during a time of some extreme weather.
garnhiem80
16/1/2019
18:27
Dross - the same rns states regarding South Erin ' TWO remedial sand production related rig workovers were performed in OCTOBER ( the big flood month ) on the main field production well ER-105 restoring sand free production from the well to 40bopd'. You must have missed that dross! BTW from the CERP website ' The Lower Forest Sands are known to be the most prolific oil producing sands throughout the Southern Basin'.' South Erin well ER-105 has encountered a new compartment with FULLY CHARGED Lower Forest Sands ' - the latest rns says they are to drill that imminently - something that may warrant an rns perhaps?
arrynillson
16/1/2019
17:16
Spot on, if the weather did not have much impact on the two IPSC assets (which account for the bulk of CERP production) it must then have impacted one or more of the others to an extent that you would have thought would at least have been alluded to in the RNS (swamp at South Erin, bog at Bonasse, Snowcap saturated or Icacos inundated). Something like that anyway.
rossannan
16/1/2019
16:36
What about the other 4 assets, where as stated in the RNS.."Following the Steeldrum acquisition, the focus of the Company in Trinidad is to optimise cashflow and profits from our six assets."And.."Production was adversely affected by extreme weather conditions, with record rainfall and extensive flooding witnessed during the period, severely hampering both routine operations and incremental well work."
garnhiem80
16/1/2019
15:19
Dross - you forgot to mention in your question that you've been attempting to undermine LK over the issue for many days prior to running out of road!
arrynillson
16/1/2019
15:01
Question to the Team:In your recent update you reported that "average production was adversely affected by extreme weather conditions, with record rainfall and extensive flooding witnessed during the period, severely hampering both routine operations and incremental well work." However the MEEI Bulletins for October and November suggest no significant decline in average production from your IPSC assets. Could you be more specific about where and over what period the weather conditions had this adverse effect?I will report back in the unlikely event that I get an answer.
rossannan
16/1/2019
14:12
EggChaser"your posts are of interest to those whom might take action"Listen to yourself! Filtered.
rossannan
Chat Pages: 387  386  385  384  383  382  381  380  379  378  377  376  Older
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