Columbus Energy Resources Share Discussion Threads

[12bn] 15/1/2018 08:38

Dead moggie bounce looks over now,maybe we will see a return to 5p bid in a week or so.

[12bn] 15/1/2018 08:32

So Lind will be dumping big time in March,unless they have converted from a VC to a Cerp worshiper! Why no update on the 3 monthly production numbers? Are they too low to warrant an update?

[the guardian] 15/1/2018 08:29

Can anyone remember who David Lenigas' shares are shown under?

[offerman] 15/1/2018 08:24

RossIn the event of disbandment the cost to CERP will be £930000

[the guardian] 15/1/2018 07:59

I wonder if Schroders are still accumulating?

[the guardian] 15/1/2018 07:40

Robin of Loxley! Now there's a voice from the past. He ran most of the O&G boards about 15 years ago..

It was obvious that he was trading by the tone of his input. He changed his stance every few weeks depending upon whether he was long or short. A bit like rossannan really.

No doubt he is still around using another guise.

[offerman] 15/1/2018 07:27

Morning CarpThat's very kind , Thanks for that. I did try trading once on TFC and o2 some small successes then losses so thought best hang on a bit longer term when I invest . I do finally think /believe that this is the one that's going to wipe away the blood sweat tears of my stock market investing woes since 1998 More ups n down that biggest Yankee rollercoaster ...! I also think the same as you Carp in that another ii May come on board .Will certainly take some more shares off the table .

[dafrog] 14/1/2018 23:11

What happened to robin of loxley?

[offerman] 14/1/2018 20:44

Evening CarpOr in my case posting quite regularly is a tad on the desperation side :-8 t try claw back huge losses.

[carpadium] 14/1/2018 19:36

rossannan, speculation is the end product of bulletin boards and those that post day and night on a regular basis invariably spread cause for concern at some stage, creating opportunies for traders.

I'm reminded of Robin of Loxley and his dastardly antics! .... caught out in the end of course.

[carpadium] 14/1/2018 16:54

If I was a trader, like you rossannan, I'd too want to know exactly when to expect a production update. But I'm not, I'm solidly invested for the long term and therefore don't wish to see rigid 'last week in the quarter' announcements that give advance notice to traders for a quick in and out. There will be regular quarterly updates, LK has assured shareholders of that and personally don't care if they're at 10 weeks from last or 15 weeks apart.

[offerman] 14/1/2018 14:39

I agree to a point about maybe misleading folk.Quarterly updates are better than half yearly . I just hope higher support can be reached and traders gradually move on to elsewhere. I know there will always be an element of traders here but hopefully a reduced amount in time.

[nexus7] 14/1/2018 13:02

From Esmerelda25 Sat 14:52
-------------------------------------
RE: Monthly income

LLL touched on this issue earlier but it is worth understanding the implications of SPT. This link will take you to the petroleum tax laws in Trinidad and section 4.2 is the relevant clause.


My understanding is that if the oil price goes above an average of $50 per quarter then there is an additional 18% tax applied after all the other royalty payments. So when the oil price was $56 income would be reduced to what you would have been getting at $46. This is why no one likes SPT and are hoping it is amended shortly. This explanation is from a FAQ on the old LGO website:

SPT is a tax that is charged on the revenue from sales of crude oil. It is applied to net revenue, after accounting for royalty payments to the government and in the case of Incremental Production Service Contract's (IPSC's), royalty payments to the state owned oil company, Petrotrin. The SPT rate varies with oil price and is not charged at an oil price below $50/bbl.
As such it has not been applied for most of 2015 and to date in 2016.

Additionally investment allowances exist that reduce the SPT payments. For example 20% of qualifying capital investment can be used to offset any SPT that may be due. As a result the Goudron asset has not paid SPT in 2015 and is not forecast to do so for the remainder of the year.

[nexus7] 14/1/2018 12:12

Iraq Joins U.A.E., Qatar in Call to Keep Oil Cuts

→ OPEC members see oil market moving toward stability on cuts
→ Rising prices trigger fear of U.S. shale resurgence: Oman

Rising prices trigger fear of U.S. shale resurgence: Oman
Iraq joined the United Arab Emirates, Qatar and Oman in calling for OPEC and allied producers to stick with their agreement to cut oil output until the end of the year, despite recent price gains...

[offerman] 14/1/2018 09:14

Someone on lse mentioned a long time ago that monitoring equipment can be used across the network to see output and identify these issues. So maybe LK will do this as part of his comment they are on it and won't happen again .

[red army] 13/1/2018 22:15

What worries me is the sloppy approach to that non return valve causing all sorts of problems. They need to tighten up with their management and controls.That how Deep Horizon happened.

[offerman] 13/1/2018 19:58

Hi RossI would like to see both ideally. I would also like to see more in depth results for all of the wells . - stimulated-so far untouched legacy-WF too when sufficiently tested. An in depth breakdown would be nice .

[nexus7] 12/1/2018 23:44

Crude Posts Weekly Gain After Bullish Run-Up to $70 a Barrel

→ WTI up 4.7% this week even as U.S. oil rig count rises by 10
→ Brent, WTI closed with biggest weekly gains since October

Crude ended the week with a gain after breaching a key $70 threshold and rallying for five straight days.

Futures rose in New York and London, with both benchmarks closing out the biggest weekly gains since October. This week, investors saw $70 Brent crude for the first time since 2014 and a steady run of diminishing U.S. crude stockpiles amid healthy demand. Yet doubts linger that a strong price rally above that key level will persist with expanding U.S. output and a rising rig count...