Columbus Energy Resources Share Discussion Threads

[arrynillson] 26/7/2017 12:00

12bn - can see why the share price holding well above the 2p level you predicted is a big disappointment for you but Koot knows much more about water flood than you know about flushing share value down the toilet.

You don't seem to share the optimism about pump optimisation to increase output but, as usual, no technical basis for it - then you're back to your usual guesswork - because you tell us you can't be bothered with research - nothing changes with you 12bn!

[12bn] 26/7/2017 08:51

Koot is more of a ramper than NR was. Basically not much is going to be done in the foreseeable so he ramps to try and hold up the share price Fiddling with old wells is not going to increase production and waterflood is unproven to. NR threw an awful lot of cash into LGO/CERP and production fell from a peak of 2000 bopd to 400 bopd where it has stayed. Koot doesn't have a magic wand but he does have the ability to ramp and ramp and ramp again. My guess is LGO/CERP is still making lots of losses and Koot will do a placing or Seda deal next.

[dodge city] 26/7/2017 08:01

Range quarterlies are out, they have been fannying around with waterflood for almost a year now and all they have to show for it is 40bopd.

Maybe they need to talk to Mr Bigshot and ask him how to do it,

[the guardian] 26/7/2017 08:00

Oil recovering nicely as well.

[ccr1958] 26/7/2017 07:46

Nice rise yesterday .....schhhhh !

[thenorth] 26/7/2017 07:35

Interesting to see RRL also hit by the storm and their production from the area is at 600bopd.... they are pressing on with water flooding ...

[the guardian] 25/7/2017 19:13

I would like to see the share price go through 3p and stay there tomorrow. Pretty please!

Conversely, drop the offer below 2.398p which is my average and I will buy some more.

[ibug] 25/7/2017 15:45

VSA Capital Reiterates Buy Rating for Columbus Energy Resources PLC (LGO)

Posted by Casey Walker on Jul 24th, 2017 // No Comments


Columbus Energy Resources PLC logoColumbus Energy Resources PLC (LON:LGO)‘s stock had its “buy” rating reissued by VSA Capital in a research note issued to investors on Monday, July 10th, StockTargetPrices.com reports.

Shares of Columbus Energy Resources PLC (LON LGO) opened at 3.05 on Monday. Columbus Energy Resources PLC has a 12 month low of GBX 1.63 and a 12 month high of GBX 4.28. The company’s 50 day moving average is GBX 2.36 and its 200 day moving average is GBX 2.40.

[edgein] 25/7/2017 13:54

TheNorth,

:) Very true! He was also fond of the odd whipsaw from memory.

Regards,
Ed.

[dodge city] 25/7/2017 13:15

"COMING SOON"

You must be joking, it takes months in Trini just to get permission to cut down a tree.

It will take a year just to get waterflood to produce another 100bopd.

How much production do they need to get to CF+?

Koots lives in a world of ego fuelled fantasy.

[carpadium] 25/7/2017 12:45

LTHs won't be concerned, it's what the share price is at week 150 not week 7.

[seaclipper] 25/7/2017 11:49

Traders will bring this back down.

[offerman] 25/7/2017 11:27

And then we go down again from today's highs drift all the way until newsAt the moment it's a traders paradise

[thenorth] 25/7/2017 11:25

Ed as I quoted from good old TK....It's an oil mans dream!!!

[edgein] 25/7/2017 10:53

Esmerelda,

LK in the interview posted by jcg yesterday says the assets are targeting production of 1000-2000bopd. As stated in previous presentations that's been the target from waterflood. They'll be doing other things too like pump optimization per well and stimulation of wells. Then the target becomes Cedros and SA expansion. I certainly wouldn't rule out increased output from EOR, these guys made their careers on it. As LK states the oil is everywhere.

Regards,
Ed.

[thenorth] 25/7/2017 10:37

Well something's cooking... or shall I say flowing just now....

[esmerelda] 25/7/2017 10:06

It certainly would be dramatic but I can't see anywhere in the last RNS where they are predicting output in excess of 1000bopd over the next 18 months. Current output 400, pilot A adds 120 over next 18 months. Three other pilots considered, say +100 each over over that time plus stimulation of existing wells which will add 100 say by end of this year. So no real prospect of 1,000bopd until at least a year from now unless I have missed something significant?

[edgein] 25/7/2017 10:06

Interesting interview with LK after his trip over to inspect the assets. Very bullish, clearly looking forward to the start up of the waterflood over the summer. Cedros sounds fantastic, identifying multiple targets, some of which have multiple prospective horizons for a single exploration well. That's when LK can bring out his exploration success for TAQZ too bringing it up from 20,000-60,000bopd. that was from NS exploration as well as EOR. That's why we now have the right team here to transform the company to LK's mid cap target.

Regards,
Ed.

[nexus7] 24/7/2017 16:34

jcg, Many thanks, Excellent news.

I think we´ve got the right men at the right place.
Their skills with EOR Tech. will give us an enormous boost
and with a stable productio of 2000-3000 bopd the change will be dramatic
for the better.