Columbus Energy Resources Share Discussion Threads

[nexus7] 08/1/2018 23:41

WTI $62.05

[brasso3] 08/1/2018 20:05

AIM companies require frequent communication. The ones that rise the most are normally companies that issue more RNS communications.

There has been a trend in the last year with more information appearing on Twitter which is good. I do not think this should be a substitute for releasing RNS though.

[kazz] 08/1/2018 19:46

Yep, I agree with Brasso on the updates too
Keep us posted TG
Regards.... Kazz

[kazz] 08/1/2018 19:37

Jeez,Offerman, I can sympathise with you too.
TG, as you say if you sold a positive RNS would appear in no time, lol for me too
I keep thinking we are not even at .5 p old money yet, with a lot more going for us, helps me keep the faith a bit
Regards... Kazz

[the guardian] 08/1/2018 19:31

offerman, I've seen lots of shares rocket over the years. Pity is that I wasn't a holder.

Just had another look at my records and I'm £26k down on EME and CERP since October. Small beer compared to your loss so let's hope that we get some good news soon.

I think brasso made a good suggestion this morning. Give us an update each time we are comfortably another nett 100 bopd up on production.

I sent an email about communication to the board just before Christmas and received a reply inviting me to continue the discussion by phone. Unfortunately, I haven't yet managed to catch anyone in the office.

[offerman] 08/1/2018 19:18

So True TGI was one of those forecast about 750-800 but based on LK presentations and optimism My targetnowIs 10p which equates roughly 900 bopd maybe a shade higher if news of Bolt Spain or SWP drilling schedule . And with poo going ever higher if it raises to then sustains 70 $ wti then that alone should keep making profits for CERP and us. I have seen shares rocket before NOPSibir energy To name but two somit can happen on a Whif of great news

[offerman] 08/1/2018 19:15

Evening HollyNice post

[offerman] 08/1/2018 19:13

I'm same now TG stopped getting any more I bought enough small purchase recently although I would be tempted again at 4.5 if it were to go there

[offerman] 08/1/2018 19:10

Christ Kazz I can sympathise I'm now back down £235k

[the guardian] 08/1/2018 18:53

We're in a very similar boat kazz except that I have 420k at an average of 3.56p and so I'm still showing some profit. My dream is to recover all of my past losses made on AIM and back in Sept / Oct, it seemed that between CERP and EME, it wouldn't be a problem. Then as has happened so many times before, luck ran out and greed stopped me from selling. Like you, I'm not a trader. If I sold part of my holding, it would definitely trigger a positive RNS within hours lol.

We all have different views on here, but one aim - to make a profit. Let's hope that it wont be long before we transcend previous highs so that we can start looking forward to an share price with double figures and a very happy future.

[arrynillson] 08/1/2018 18:18

Rosie - try persuading 12bn of that - he is obsessed with Lind!

[kazz] 08/1/2018 18:13

TG
850,000 shares. I was at 79p average with LGO, 30,000 shares after the consolidation, and kept adding when Leo took over, to get my average down to 7.4p as of today. After years of misery under Ritson, i had a chance at nearly 8p to get my money back, but didn't take it, as i believe, and still do, that Leo will make me more. It is just frustration to see us back at 5p, and to think i had the chance, as a trader would, to be out of this with a profit. A trader i am not. Hindsight, fear and greed, thats all. next week could be a different story. Bloody hope so anyway.
Won't get fooled again, as the Who would say, but probably will. This is AIM after all.
Regards....Kazz

[the guardian] 08/1/2018 17:55

holly, I can't see anyone asking for an update after 10 days. The point is that, as with LGO, there are a lot of short term traders around to drop the price. I had hoped that they would be long gone by now.

Once you have made big losses, you tend to become a lot more cautious and a lot less certain of the future. The people who were forecasting 750 -1000 bopd by Xmas on the LSE board have learnt that lesson.

[holly day] 08/1/2018 17:47

IMO, CERP may test one's short term patience. If you are an LTH and satisfied with how Leo is progressing the company, then nothing to get concerned about. I only hope that all the legacy issues have been resolved and that the plans are being executed in a timely manner (ahead of schedule if we follow the overachieve mantra). I think there was a slight disappointment with the last set of production figures amongst those that had got carried away, compounded by being tipped and the mm's trying their best to catch the traders. The news will come as and when there is something significant to report, not necessarily another quarterly update. There a lot more than just a production update to look forward to.

I have made a mistake of selling on other shares in the past where having done thorough research, my patience with the static share price made me suspicious, only for the share price to steadily climb. I am extremely comfortable holding on to this one which is fully backed by Shroders and their recent top up. I doubt they are demanding another update after a mere 10 days of trading since the last rns. My top up during the unexpected drop last week is already giving me a better return than the building society. What's not to like! DYOR and GL LTH's.

[the guardian] 08/1/2018 17:47

You've obviously got more share than me kazz because I'm only £10k down.

I used to plough money into buying shares that I thought had a very high expectation of success. I ended up realising £100k of losses plus a related £40k which I won't go into. That's why I have stopped topping up every time the share price falls and why I would prefer to get regular updates rather than rely on blind trust - no matter who is in charge.

[kazz] 08/1/2018 17:16

TG
You said what I didn't want to think, but then I am an LGO veteran. I couldn't stand being in another LGO, and really hope that is not the case, but once bitten. Was at break even here a few months ago now 20K down again. Hind sight
Regards.. Kazz

[garnhiem80] 08/1/2018 17:04

The Question is.. what terms were the shares in escrow ( beyond holding for at least 6 months for Guarantee of the loan )was it cash flow positive in Q4 2017 and production exceeding 550bopd by 2018, will they have to hand them back eventually or will there be a conversion at a 5% charge.

[carpadium] 08/1/2018 16:31

Then it will be them that most likely will lose out in 2018.

Of the opinion we can expect the unexpected this year and am confident it will be the surprise development(s) that will drive the share price more so than hearing of periodic production increases. This should be a cracking year for true investors.

[the guardian] 08/1/2018 16:22

I think that after the initial euphoria, CERP is now back with the old LGO culture - short term trading.

[offerman] 08/1/2018 11:13

And also although Char has prospect big drilling, so do CERP with Cedros/SWP AND this is much closer to drilling schedule that CHAR, Why aren't CERP moving up daily too....

[offerman] 08/1/2018 11:12

It's a strange world "For those willing to take a speculative punt, though, one company worth a look is Chariot Oil and Gas. A pure explorer with no production to its name, it was the original operator of the Morocco prospect being drilled by Eni. It sold down most of its stake but retains a 10 per cent, fully funded interest in the well. It also boasts a prospect off Namibia being drilled in the second half, and a second prospect off Morocco is slated for early 2019."Yet CHAR keeps going up every day for last few weeks? I also remember this company shooting up massive amounts in the old days . And here it goes again...... So theoryretically then CERP should Rocket in any further bopd increase or mention of SWP drilling......

[arrynillson] 08/1/2018 10:38

NorthPole2 - as the readership here is probably in single digits I have to jealously guard readers and contributors so I'm sorry to read your last post - responding to 12bn is like kicking the village idiot so I can understand sometimes having qualms about it but rest assured I will continue - at least until North Korea reclaim the missing maths teacher!!!!