Columbus Energy Resources Share Discussion Threads

[12bn] 12/1/2018 08:17

Where would the share price have been if Schroders weren't buying recently? Why were Schroders buying? It couldn't be to fluff out the share price to make their end of the year valuation look healthier could it? This will end in tears once real production numbers are issued imo.

[greatfull dead] 12/1/2018 08:10

Good RNS. Good to see Schroders increasing their equity in CERP. Bodes well for the future IMHO.

GlA,
GD

[ccr1958] 12/1/2018 07:55

Yes nice to see an insti still accumulating.. should shore up the share price a bit .

[edgein] 12/1/2018 07:54

Interesting, not only does that VSA chap see CERP as one of the best he's seen in 35 years, but now we've schroders continuously buying due to the significant upside this year. I guess they'll want to get to their target holding before CERP deepen Bonasse and drill the SWP.

Regards
Ed.

[the guardian] 12/1/2018 07:40

Indeed, that's 11.156% of our shares now taken off the table.

Schroders own 13.5% of President Energy, so hopefully, they will go for a similar stake here.

That's what the company needs, a few institutions who will take shares and hold onto them.

[hilly71] 12/1/2018 07:34

Good to see Schroders increasing their stake again - bodes well.

[ulvers] 12/1/2018 07:17

Schroders increasing at seemingly higher prices :)

GLA

[doerx2] 11/1/2018 22:07

would be going full steam ahead with the poo on the up. We shall see what our CEO does. Interesting times ahead.

[the guardian] 11/1/2018 21:35

There are a lot of short to medium term factors influencing the price of oil such as Opec / Russia cutbacks, Iran sanctions, North Korea sabre rattling and weakening US dollar, fuelling the rise but I'm sure that the company can and will make use of the additional revenue while it is there.

[nexus7] 11/1/2018 18:29

Wti right now at $ 64.45.

Leo was doing his calcs with $45 so
now WTI is at 143.5% of the old Price.

Is he going to ramp up his plans (WF, SWP)?

[offerman] 11/1/2018 17:07

And just to add as my post posted before I'd finishedI think there are many short rice within at present too but hopefully they will be blitzed in time if we move off AIM

[offerman] 11/1/2018 17:06

:-))))) Got to be wild to go along with the wild swings in SP:-) Then hopefully migrate over to long grain ....... :-$

[the guardian] 11/1/2018 17:00

My pleasure holly.

[holly day] 11/1/2018 16:50

TG, enjoyed that post, what a way to end the day! :0)

[the guardian] 11/1/2018 16:31

offerman, just a little more detail on your post at 13.01 please.

Were you talking about basmati rice, brown rice, wild rice, long grain white rice or short grain white rice?

Difficult to work out with certainty which trades are buys and which are sells at the moment but at least the share price is inching up slowly. Long may it continue.

Marvelman, you may have missed out on the initial rise since the new board took over but we have a long way to go yet. If you look at the AGM video, the activity hasn't even started.

Don't forget, “Procrastination is like masturbation. At first it feels good, but in the end you’re only screwing yourself.”

[holly day] 11/1/2018 14:02

Thanks for getting back marvelman and good luck with your investments too. But keep tabs on here to see how it pans out....

[arrynillson] 11/1/2018 13:53

12bn - ' Who will lose out ' - eeeeeeehhhhh you 12bn as you told readers to sell in the low 2s only weeks ago ( whilst Lind options existed ) - if you had bought then you would have made a mint - everyone knows about Lind options - according to your own posts they have been selling every other day without bothering the share price significantly!

[marvelman] 11/1/2018 13:40

Holly

I was not able to see the para you refer to on their website. Trin are concentrating their efforts on paying down their debt by the end of the year and also the CLN's due by December this year. They are producing enough free cash to do this and along with the cash they already have will make the target a virtual certainty to achieve. Only then will they turn their attention to their other assets and opportunities. I am sure I am only preaching to the converted on here (not intentionally) as most on this BB will have surely done their own research on TRIN. Regarding CERP however I am beginning to believe I have missed the boat somewhat as I have been procastinating but am pleased to see you have not.

[12bn] 11/1/2018 13:30

It looks straight forward to me,Lind get an extra 17.9m shares to sell. Will they sell them? Does night follow day? Is the Pope Catholic? They will also convert as much of the loan repayments to shares as they can and sell them as well. Who will lose out? PI holders who will hold until it becomes obvious that the ramping aims of Koot are just a pipe dream,imo.

[holly day] 11/1/2018 13:02

Another snippet from TRIN website:

"Beyond the primary depletion case considered in the Deloitte reserves study, it is believed that the field would benefit from Enhanced Oil Recovery (“EOR”). Several analogue fields in Trinidad have implemented a water-flood scheme in the past and, based on experiences seen in those fields, the Company is confident that similar reserves and production uplift potential exists in Goudron."

[offerman] 11/1/2018 13:01

Yes as Gordon pointed to TG and also LK "News of price sensitive information will be released immediately"I think the rice has also been in conjunction with The oil price rise combined with Andrew Monk.

[holly day] 11/1/2018 12:59

marvelman,

If you are around and seeing that you are also following TRIN...

Can you comment on how successful TRIN has been so far? (as per the following para from their website)

"A water-flood is being planned for Goudron to enhance oil recover and following the estimations reported by the independent review, it is estimated that a water-flood project has the potential to recover up to 63 mmbbls of incremental oil from the existing field. ............"

Just trying to see what we might be in for here!

[holly day] 11/1/2018 12:48

On that note offerman, I am with TG on the news. There are several irons in the fire some of which must surely come to fruition in the mean time. I would like to hear about the WF trials. That should start some fireworks!