Columbus Energy Resources Share Discussion Threads

[the guardian] 24/1/2018 08:02

This will cheer everyone up.

[12bn] 24/1/2018 06:28

Garnheim80,if Cerp only have $2-$4m to drill with then don't expect them to drill to 13000 ft! Just imo,time will tell but Cerp/lgo have had nearly 7 years to apply for licences and drill to the Herrera sandstone level but they have never done it! (Don't bring up the Bolt red herring,Lgo/Cerp have other Cedros land with drilling rights).

[garnhiem80] 23/1/2018 21:59

I hope you still keeping an eye on the USDollar.

[garnhiem80] 23/1/2018 17:09

And here is Stewart on why Goudron will deliver..

hxxps://youtu.be/HuebfuHcN7Q

Large oil in place figures..
Low recovery rates..
Good light oil..

[garnhiem80] 23/1/2018 16:52

Watch this 12bn, it may assist you in understanding the funding strategy for SWP.. $2-4m for drilling.

hxxps://youtu.be/jVDhDxsAC34

[12bn] 23/1/2018 16:35

The 5.6275p 'buys' are in fact sells. Northpole2,I have no intention of reading Arrys posts,he had his chance and is now filtered. I admitted that the $15m-$20m was from many years ago and may not be relevant to todays price,which could be higher or lower,however, I do not think that the industry has changed so much that the price has dropped to a level Cerp could afford. If the company has said it can afford to drill the Cedros Peninsular then I strongly suggest that the wells will be very shallow and fall well short of the Herrera sandstone level. It is up to you holders to get this clarified,I have merely pointed you in the realistic direction.

[greatfull dead] 23/1/2018 16:28

holly day,

It would be very cool if I personally could make it 6p worth. Time will do that and more.

ATB,
GD

[holly day] 23/1/2018 16:16

GD, cool. I welcome ALL input. Can you make it 6p worth?!! :0)

[holly day] 23/1/2018 16:13

Absolutely TG. They are the key to the 'biggie'.

[greatfull dead] 23/1/2018 16:13

holly day,

Just adding my 2 pence worth.

ATB,
GD

[the guardian] 23/1/2018 16:11

holly, each of the three above may not add income to the company this quarter but they should give a positive impetus to the share price.

[holly day] 23/1/2018 16:06

Just to add, the other developments (SWP, BOLT, Spain, etc) are only paperwork (approvals/agreements) and will add nothing of monetary value this 1/4.

[holly day] 23/1/2018 16:04

Greatfull Dead, Yes, I am aware of Leo's statement and in essence I agree with him. However, I consider WF to be a significant event in our calendar, something that Ritson talked about but never fulfilled. However, the pure fact that WF (as stated by Leo) was brought forward by 6 months (at least) and based on WF programmes by other companies in Trinidad, it could potentially hike up production significantly, which IMO, is worthy of being relayed to the market. Our production this quarter will reflect the 'norm' + extension of stimulation to other wells + WF....

[greatfull dead] 23/1/2018 15:57

holly day,

LK did say updates every 3 months.

As mentioned above, it is industry best practice to provide production updates on a quarterly or half-yearly basis, with other operational or price sensitive announcements being made without delay. The Company will adopt best practice in such matters and will not seek to obtain short-term gain through communications for the sake of it.

Maybe! We may get an update sooner "with other operational or price sensitive announcements being made without delay"

ATB,
GD

[the guardian] 23/1/2018 15:38

Now we have sells showing as buys. The MMs are there to make a market, so it's very nice of them to make people believe that there is a steady sale of shares before turning it around to encourage buying.

I often fantasise about meeting one at a party and showing him the error of his ways.

[arrynillson] 23/1/2018 15:32

12bn - as you have me filtered I can't see why you're bothered I choose to post on yout thread - just think how you are benefiting others 12bn - there are limits to my bile and you usually absorb 100% LOL!

Has it ever occurred to you I'm not bothered you don't reply - I prefer readers to draw their own conclusions!

[holly day] 23/1/2018 15:14

The real spread is 5.6/5.7

Rossannan, Insti's often have their internal criteria re % holdings, especially AIM stocks. My guess is their average is circa 5.2 now.

I am just holding tight, awaiting the next bit of news. They've had the WF trials ongoing for almost a month now and surely it will be decision time soon to expand the programme. So some sort of update would be handy to underpin the share price

[holly day] 23/1/2018 15:04

TG, trades are being reported all over the place today. Hard to figure out what is going on. Let's hope Schroders take further advantage of any weakness.

[northpole2] 23/1/2018 14:58

I suggest you read Arry's posts 12bn. He speaks sense. Just because a figure of $15m to $20m was mentioned many years ago for a particular type of play, that doesn't mean that is still valid. LK and SA know a wee bit more about drilling wells - and their costs - than you do, that is a simple fact. It depends on how they view the SWP play, the prospects and the various target zones. It's clear they seem to view it differently which is reasonable given their extensive experience in such matters.

[12bn] 23/1/2018 13:50

Northpole2, I wouldn't put too much faith in Schroders investment wisdom,LGO once achieved a massive £25m loan investment,which they couldn't keep the loan repayments up on! As for drilling deep wells in the Cedros Peninsular I do not accept that they have the cash. No-one seems bothered to clarify if statements about drilling the SW peninsular are deep drills or just shallow drills. My guess is they are shallow wells,as Cerp are unlikely to have the cash for a deep drill. Like I have already said,this was discussed years ago and a figure of $15m to $20m came up. Arry,you post here a lot but haven't you noticed that I never reply to you? That is because I have you filtered,so I don't read your posts. I suggest that you post on the rampers only thread.

[the guardian] 23/1/2018 12:58

circa 200.000 buys showing as sells.

Makes the real volume 544k buys 476k sells