Columbus Energy Resources Share Discussion Threads

[the guardian] 25/4/2018 07:52

The only pity is that they didn't make the price go up.

Or was the price held for them?

Schroders obviously expecting big things from CERP.

[carpadium] 25/4/2018 07:48

Just another 7,701,720 gone to a good home.

[the guardian] 25/4/2018 07:46

Cheers dafrog. At least they haven't been perturbed by the fact that the price hasn't risen since their last purchase.

[dafrog] 25/4/2018 07:17

Schroders buy even more!

[the guardian] 24/4/2018 10:10

If oil stays at or above this price, it will help fill the coffers and hopefully advance the drilling. However, Trumpety Trump is against high oil prices, so goodness knows what he may do in the meantime.

[vike1] 24/4/2018 09:44

Am looking forward to hearing about the BIG acquisition as anyone, but I do have reservations about impact on share price Even if any deal is long-term accretive, buyers tend to dip on news, and acquirers rise. This is largely because markets often think the buyers overpay, or have taken on too much risk, or the Balance Sheet becomes a bit messy with new debt, warrants, conversions, etc. While it could be transformational for CEPR's market cap, it many not be for the share price.

Hopefully LK isn't just getting bored running a microcap that has a base case year-end production of only 1,000 barrels per day, and wants to shake things up. The prize is SWP, but this too comes with risks and way are probably at least 12 months away before the rig arrives. Part of me thinks he wants to do a deal to diversify the company asap in case the first SWP well or two disappoint.

[the guardian] 24/4/2018 07:47

WTI $69.21

[the guardian] 23/4/2018 21:29

Off topic.

CERP is a very professional company as is Hurricane Energy. Take a look at the jaw dropping reserves and expected initial production figures from HUR. Dr Trice and Leo Koot are of very similar character.

hxxps://www.hurricaneenergy.com/~/media/Files/H/Hurricane-Energy/documents/presentations/Hurricane%20Corporate%20Presentation%20-%201Q%202018.pdf

[h van der h] 23/4/2018 20:10

Agree on need for some form of presentation or fancy media just to tidy up all that has gone before the last couple of months, I suppose as various aspects of swp begin or gain some traction we could see an update although i’m not holding out for an update on production early... if you consider we have $4m sitting in the bank to fund 2018 work program things need to get a wriggle on especially with poo going a bit mad at the moment.

[brasso3] 23/4/2018 19:56

TG

I think most AIM companies make the mistake of low frequency communication. When a company is at such a critical stage (~500 BOPD) just entering into profitable territory its important to keep momentum. No harm in a monthly update with some small print saying that this may be artificially high due to recent new wells coming online etc.

[the guardian] 23/4/2018 18:53

I still think that CERP need to change their philosophy on communication. Three months is too long to wait for signs of progress. I'm not bothered about production per se, but an update denoting the commencement of the clean up programme on Bonasse for example would give holders some encouragement. Similarly, just a note to say that sand issues on Goudron have been resolved would help once it has been achieved.

[kazz] 23/4/2018 18:38

Yep notice a few there Offerman

[offerman] 23/4/2018 17:27

KazzI think a lot bedding isas still going on

[kazz] 23/4/2018 16:46

SP holding up well, considering the sells today.
Maybe Schroders accumulating again.
Regards....Kazz

[offerman] 23/4/2018 16:16

Agree with all that TG

[the guardian] 23/4/2018 15:51

I think that the share price is steady at 5p because the production mentioned at the end of the last two quarters was near or below target. Buying is unlikely to increase until there are clear signs that water injection and the newly acquired Bonasse and Icacos fields are contributing to output so as to be in line with the higher production model. We will have to wait until the end of the next quarter in June / July for that.

I do not believe that we are priced against the 'high case'shown in the December presentation, which incorporates production from the aforementioned sources. Confirmation of a notable increase in production will also, in my view, be confirmation that the strategy is on track to met the end of year target.

Over and above that is the 'big deal'and as I have already said, it cannot be valued in the current price if no-one knows what it is going to be.

It's all about sentiment. Owning 100% of Icacos means little to most investors. Producing from it will be different.

My conclusion is that we will be stuck around 5p until we increase production or strike a new deal. However, that is only because the future is not being added to the price until it is more certain. Meeting the end of year high target should be worth 10p in my humble opinion.

[holly day] 23/4/2018 12:25

Thanks Rossannan.

[holly day] 23/4/2018 11:58

I am basing current fair value on what we already know. Current production (+ projection - see Leo's graph), the deal already concluded (the potential increase that may result), the 'potential' deal Leo mentioned and it's likely impact. I do not believe the current share price does or should reflect anything to do with SWP. As details of program are not known, there's no point in speculating. My short/medium term is 12 months. SWP is very much long term...could be mid 2019. But I am cautiously optimistic, the 'big' deal could accelerate that program.

Again I ask (as per offerman), what is your considered current fair value?

[holly day] 23/4/2018 11:30

And...

If VSA think 26p down the line based on no new info, then 5p now is justified.

If Schroders think 5p was worth investing at, then current mcap is also justified as they invested over 6 months ago. A lot has happened since then.

However, as offerman asked, what is your current fair value?