Columbus Energy Resources Share Discussion Threads

[jcgswims] 02/8/2017 11:44

Cerp tweet

Columbus ERP‏ @Columbus_ERP · 2m2 minutes ago
Update note from Edison

[jcgswims] 02/8/2017 11:39

CERP tweet

A bit of history from Cerp this morning....

Columbus ERP‏ @Columbus_ERP · 2h2 hours ago
On this day in 1498, Columbus on his third voyage discovered Trinidad, landing at Icacos Point #CERP #Icacosoilfield #SWPeninsula

[nexus7] 02/8/2017 10:16

From stag1974 Tue 14:22
------------------------------------

RE: cerp

now wouldn't most say the same my guess ....politics ches
leo wants progress and a professional team to drive this to the next stage..
A change in management was to be expected to achieve a company to be worthy of gaining smart money to get this back a 500 million pound company with a J/V running on full cylinders

all going to plan and water flood coming online soon

[nexus7] 02/8/2017 10:12

From Garnhiem. Today 08:35
-------------------------------------

RE: Where is the bottom

"The Bottom" is the capital of the Island of Saba, the Caribbean Netherlands. Which is north of Trinidad.

[carpadium] 02/8/2017 08:07

Wow, pure genius input.

Good job CERP have based their growth model on $45-55 oil and can sustain the company on a lot less.

[wstirrup] 02/8/2017 00:56

So... how's that oil price doing? [From the LGO thread]

Reached $60 yet? Nope?



WStirrup1 Jun '17 - 17:08 - 8011 of 8227 0 0 Edit

WStirrup-23 Feb '17 - 00:17 - 7166 of 8010 0 0 Edit


WStirrup-12 Jan '16 - 20:56 - 4768 of 7165 0 1 Edit
I fear we won't see oil above $60(ish) for at least a decade, if ever...




Looks like I was right about that $60 oil price....

An economic crash (according to many) is around the corner,and that will kill demand for oil by another 10 million boe daily - I suspect......

Sadly, I bought most of my holding (which I'm still holding btw) at circa 3p, so already deep in the red territory...

Thankfully, not a terminal sum.

Brasso323 Feb '17 - 04:43 - 7167 of 8010 0 0
13 months after your prediction oil is at $54/ barrel. Hmmmm



Another 6 months on, the price is just not going up significantly (as expected)...And Fed interest rate rises around the corner - and even if Russia/Saudis cut production... Iran, Iraq, Libya, Kurdistan, Nigeria, Venezuela, U.S., T&T, Angola, and many others will if poss, fill in the production deficit.




And Lithium miners (And Graphite/Cobalt which is also required for Li-ion batteries) are now ramping up exploration and soon production...

I am afraid that last jump to $147 in 08, was the straw that broke the middle-eastern camel's back... Look out below...



To be fair, I suspect oil will settle in the $30-50 range for the foreseeable future with occasional rises above $50 for a little while, which could still be profitable for LGO, albeit until Cap-ex needs to rise for waterflood etc...


W.

[the guardian] 01/8/2017 21:10

I had never heard of that until you mentioned it Nexus. I live and learn.

[nexus7] 01/8/2017 16:37

TG,
Leo could be thinking about Suriname.
As a Dutch Exec. he would be welcomed.

[edgar222] 01/8/2017 16:27

Signing off for August holidays.

So FWIW the three shares I am keen on right now are AEX, CERP and IOG. The first two are expecting news in September.

I have an enormous number of AEX and much fewer of the others but will look to accumulate.

CERP (is ex LGO) with new management saying all the right things about upping production without dilution and they have a plan (waterflood) in place to do it. Leo Koot the new Chief is very impressive.

IOG (North Sea) putting a hub together and have just "bought" the pipeline for nominal cash that allows them to do it. Management have done this before. Funding is the issue the market is waiting on but these guys are ingenious at funding and if they can get it together it is a ten bagger.

And AEX, obviously. Delays are part of business in Tanzania and part of being an Aminex shareholder. I am going on holiday absolutely certain that AEX is far too cheap. I believe it should be 8p plus on the assets now. I believe the N3 target has increased enormously, will be part-oil play and is going ahead. I don't mind waiting (too much).

The last quarter of the year is going to be interesting on all three fronts.

Good luck to all the regulars

Happy holidays.

[the guardian] 01/8/2017 15:59

If we are to be self financing by the end of the year, we will have to start making progress soon. Government needs to pull its finger out and get the environmental permit(s) issued.

Ed, having had a lifetime experience in GOO / Boil, I can confirm that obtaining permits in Colombia and Peru can take well over a year. Environmental permits take two to three years.

[nexus7] 01/8/2017 15:25

From edgar222 Today 07:34
-------------------------------------

RE: RNS

They are certainly talking a good game but today's RNS makes clear that not much news until mid September, I think?

Is it really as simple as Leo Koot says to tweak a few pumps and (almost) double production?

Is it really as cheap to start waterflood?

If you trust Koot and Ahmed (and my insticts are to do so) then long term they are onto something.

But market is waiting for some proof!
------------------------

(Btw From RNS: … with the ambition to grow in South America.
I think Leo is planning a Big Game in the continent: Guyana, Colombia …)

[the guardian] 01/8/2017 08:15

New broom sweeps clean.

[thenorth] 01/8/2017 08:09

RNS this morning -RNS Number : 6614MColumbus Energy Resources PLC01 August 201701 August 2017Columbus Energy Resources plc("CERP" or "Columbus" or the "Company")Directorate Change, Notice of Annual General Meeting and Notice of Interim ResultsColumbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, today announces that Fergus Jenkins has stepped down from the Board and from his role as Chief Operating Officer, with immediate effect. Fergus will remain with the Company and act as an advisor to the Board until 31 January 2018.Notice of AGMThe Annual General Meeting ("AGM") will take place on 14 September 2017 at 11.00 am, and will be held at the offices of the Company's solicitors, Kerman and Co LLP, whose address is 200 Strand, London WC2R 1DJ. The Company will inform shareholders when the documentation relating to the AGM, including the Notice of AGM and the Form of Proxy, is available.Notice of Interim ResultsThe Company will announce its Interim Results for the six months ended 30 June 2017 on 13 September 2017 which will be available for download from the Company's website at www.columbus-erp.com on the morning of release.Leo Koot, Chief Executive of Columbus Energy Resources commented,"I would like to thank Fergus for his contribution to the Company, both as a Board member and as Chief Operating Officer over the last five years. The Board and I look forward to continuing to work with him in his new advisory capacity and wish him well in his other business ventures."- ENDS -Last of the dead wood out of the frame.....???

[the guardian] 31/7/2017 19:18

Thanks for the link jcg. Been out all day so just got to read it.

A repeat of everything we've heard before with the exception that he mentioned producing 500 bopd. Too much to have just been a round up from 420 bopd so looks like the work to enhance production has already started.

If that's the case, I would prefer that the company holds of a production RNS until the increase is more substantial and likely to raise the share price.

I think that is our problem. Take UKOG where there has been no production, just big numbers bandied about. That was sufficient to send the share price into orbit briefly last week wheras small incremental increases that reflect real production seem to be lost on the market nowadays.

Nice to know that the company is moving forward and another positive interpretation of our assets and future.

[edgein] 31/7/2017 15:52

Jcg,

Very interesting interview that one from SA, well interventions expected to have immediate impact and waterflood potential to increase pressure back to previous levels! He sounds very bullish given the very low recovery percentage of the oil in place for these light oil formations. Going to be an exciting end to the year. Hopefully they'll get that licence soon and get the water pumping in over the summer as LK hoped.

Regards,
Ed.

[dodge city] 31/7/2017 13:51

Eight months into the year and nothing achieved thus far.

[dodge city] 31/7/2017 13:17

The rate of progress is far too slow he will never hit his targets in the next 3 years.

He will be lucky to get a single waterflood finished this year.