Columbus Energy Resources Share Discussion Threads

[12bn] 04/4/2018 10:47

Northpole2,where are the Q4 production numbers? We only were given 1 weeks numbers in Dec,a very selective number of 561 bopd,WHY? Of course I am just guessing at Q1s numbers,I am not an insider and many others are happy to guess as well! At least I give a reason for my guesses. Imo Q4 numbers were with-held because they were very poor and Q1 numbers will be the same,very poor,imo. The clue was in the comments in the Dec RNS that I posted earlier.

[northpole2] 04/4/2018 10:41

Yet again you are just guessing 12bn. Just guessing. You say you are "expecting". The simple answer is you don't know.

[philipo1] 04/4/2018 10:24

We shall have the numbers next week so very interesting, whatever, priced in and just hope it is good progress, otherwise back down to 4p

[offerman] 04/4/2018 10:18

Morning Holly Excellent post. Echos my and others opinions about LK the team and CERP going forward.

[holly day] 04/4/2018 10:10

philipo1, I think you are being over analytical about the figures. You will have noted the 'feet on the ground' LTH's are not hooked on the exact figures, but the underlying trend. If you have followed CERP since LK's arrival, you'd know he has very demanding internal targets compared to what he states in the interviews and his mantra of understate and over-achieve. IMO, anything over 600 is a great progress considering the basis he started from less than a year ago. Folks on other BB's get carried away with numbers that are cloud cuckoo land and stand to be disappointed. I'd be interested in your projection as I am sure THAT is the criteria for YOUR investment. For me, I would tend to look at the bigger picture. LK has fine tuned the business, CF+, deals being tied up (more to come), some potentially very exciting developments lined up, all whilst being accretive towards shareholders. Long term investment wise, if he maintains us within the growth BAND, I am happy. GL.

[12bn] 04/4/2018 10:04

IF LK actually shows production numbers then I expect that they will be less than Dec 561 barrels,which is the most recent figure put out by Cerp. I am expecting LK to either not show the full Q1 numbers or hide the bad news alongside what he considers good news. No-one seems to care that Cerp never showed Q4 full numbers in Dec,smoke n mirrors from a deceptive BoD imo.

[philipo1] 04/4/2018 09:44

End of June actuals and production, which has now doubled, not historic graph

[philipo1] 04/4/2018 09:34

Read the RNS you are wrong

[philipo1] 04/4/2018 09:29

Time will tell, Fact LK back off holiday Monday next, ok expect numbers for Q1 next week, hope LK's smile last interview is for good numbers, I suspect it is

[arrynillson] 04/4/2018 09:21

12bn - good to see you back posting on here. You get such a pummelling on the boards I do feel a bit sorry for you so I think it's worth flagging up any success for you, no matter how small, to restore your confidence.Over on KOD where you are attempting to ramp and you have been a buyer at twice the current share price you managed to hold your shares over the whole holiday period without them showing any decline whatsoever - remember old Chinese saying - a journey of a thousand miles starts with a single step!

Good luck with your KOD chat board and may I applaud your management of it - it's an example to all of the benefits of sticking with a winning philosophy!

[offerman] 04/4/2018 09:19

I put a couple of emojis there but always ends up as ?

[offerman] 04/4/2018 09:18

??oh how the other half live ?

[philipo1] 04/4/2018 09:16

And LK will be up for a review if it doesn't happen without good reason, he's no mug, I'm expecting 800, but as I said already in the price, 6p

[philipo1] 04/4/2018 09:13

Because LK stated AFTER the graph was produced 'double" and the end of June RNS states the actuals, or am I wrong? The graph as been superseded by actual fact

[philipo1] 04/4/2018 09:03

Love to converse with someone that is up to date, or is there another reason for trying to manipulate readers?

[12bn] 04/4/2018 09:01

rossannan is an idiot,it is best to ignore him. The last production number given here was 561 bopd from the Dec RNS above,so there will be no production increase imo never mind a doubling from Junes numbers. The question about why we got no Q4 numbers needs asking to LK imo. The reason why is given in the RNS above imo,it is in this comment//// Although we achieved the 561 bopd production level recently, a 71% increase from where we started at the end of June, numerous legacy challenges, old infrastructure and inferior oil-field practices and equipment meant that we were unable to grow our production to reach the internal stretch targets I hoped might be achievable in 2017. /////// The production numbers aren't good and LK wants to keep them from holders as long as possible imo. I expect that IF Q1 numbers are released then they will be hidden behind other news that LK considers important. Smoke n mirrors here and plenty of hype.

[philipo1] 04/4/2018 09:01

I suggest you use actuals in RNS not past graph, history is for the historians not present day

[ccr1958] 04/4/2018 08:54

Cheers offer couldn’t resist a big move before news . 😉