Columbus Energy Resources Share Discussion Threads

[brasso3] 30/6/2017 10:20

The chart is starting to form the 'coiled spring' formation!

[12bn] 30/6/2017 10:13

Down she goes,I feel an 'I told you so' coming on. TIMBERRRRRRRRRRRRRRRrrrrrrrr

[the guardian] 30/6/2017 08:49

legin3, glad that you are OK. Watch out for future rise now that NR has gone.

[nexus7] 30/6/2017 08:34

Oil Caps Longest Winning Streak Since April as U.S. Output Slows

→ Production declined by 100,000 barrels a day last week: EIA
→ Gasoline inventories fall; crude stockpiles unexpectedly rise

Oil rose for a sixth day, its longest run of gains since April, as declines in U.S. crude production and gasoline supplies allayed concerns over a global glut.

Futures rose as much as 1.6 percent in New York to the highest in two weeks. U.S. production tumbled by 100,000 barrels a day last week, the biggest drop in almost a year, the Energy Information Administration said Wednesday. The decline was likely driven by field maintenance in Alaska and the impact of Tropical Storm Cindy. Crude stockpiles unexpectedly expanded while gasoline inventories fell a second week...

[12bn] 30/6/2017 07:32

The question here is 'when will CERP/LGO do the next placing and at what price'? This loss maker has been doing placings several times a year for years and the recent share price rise means soon might be the time for another one imo. 2p placing soon?

[brasso3] 29/6/2017 21:35

He must be getting paid off by institutions who want to short AIM companies.

[thenorth] 29/6/2017 21:19

You are kidding brasso.... I must admit that I was pro NR but Christ the guy would be better suited at a wedding with all that confetti he likes to produce!!

[brasso3] 29/6/2017 19:04

Neil Ritson has just announced (RNS released at 14:45) a 20:1 consolidation at SOLO.

This guy knows no limits! FFS.

[carpadium] 29/6/2017 17:23

Low volume today but holding its price. A few impatient exiteers.

A day nearer Leo's field ops report, he must now have a pretty good reading of prioritising opportunities to maximise cash flow.

Can't wait to hear his thoughts and plans!

[legin3] 29/6/2017 17:06

the guardian I got on to my broker and lgo share certificate is valid

[legin3] 29/6/2017 16:40

the guardian thanks will do

[the guardian] 29/6/2017 15:25

You need to talk to your broker because LGO no longer exists. If your shares had been in a nominated account, they would have been changed to the new name automatically but with a crest certificate, I think you will need to be proactive in getting it sorted. I'm surprised that your broker didn't contact you before the name change.

[legin3] 29/6/2017 14:42

can anyone tell me what has happened to lgo I have shares in lgo do I get a new certificate or do they still stay as lgo please,,

[jungmana] 29/6/2017 11:22

There is good summary on the bb posted by Keya

[jungmana] 29/6/2017 11:11

Ross - the figure I gave should have been in $. The $2m was the cash raised on aim listing.From accounts of 31st March cash was $13m . Liabilities ( include debt) about $15m.With such big cash pile and production of 1300bopd I think is worth a punt especially with lots of drilling on the way.I don't think the debt will be a problem. The company was easily able to attract investors on The aim listing

[jungmana] 29/6/2017 10:07

The cash as at 31st of March is actually $13m. Add the $2m raised on aim on listing and cash should be about $15m + imo

[jungmana] 29/6/2017 10:00

Ross - I think the cash is far higher than £2m . About the debt I can't see that anywhere.Will do a lot more digging

[jungmana] 29/6/2017 09:36

Guys take a look at TXP. Just listed on Monday and also operates in Trinidad. They produce about 1300bopd and market cap just £9m right now. Have £2m about in cash and drilling about 8 wells in from now to early next year.Dyor always

[12bn] 29/6/2017 09:07

First bit of selling and the MMs will drop the bid back to 2.40p. This has been ramped up on hot air and the buying has stopped.

[nexus7] 29/6/2017 08:32

Oil Rebounds From Dip Into Bear Market as Glut Worries Ease

→ Crude stockpiles rose by 117,999 barrels last week: EIA
→ Gasoline inventories saw another decline amid supply concerns

Oil has recovered all its losses from last week, when it slipped into a bear market, as concern over a supply glut eases.

A report that U.S. gasoline stockpiles dropped helped futures cap a 5.5 percent increase over the past five sessions on Wednesday. Inventories that have remained stubbornly high at the start of the summer driving season fell 894,000 barrels last week, the Energy Information Administration said. While total U.S. crude stockpiles rose by 117,999 barrels, the amount of oil held at the Cushing hub fell for the sixth week in a row...

[arrynillson] 29/6/2017 08:23

12bn - I'm very pleased for you that you claim to have made so much money from investing in LGO shares - it makes it more difficult to understand why, when you claim to have no financial interest here, you spend so much time posting here, not caring when you post misleading information through a boasted lack of research and seemingly only taking pleasure from any down turn in share price - readers will draw their own conclusions.