Columbus Energy Resources Share Discussion Threads

[holly day] 30/4/2018 11:48

No need to digress too much here offerman. Thanks for the input. Ditto Rossannan. It's just that short term, i.e., between January and April this year, neither have moved much (apart from our spikes!) GL with TXP Rossannan.

[offerman] 30/4/2018 11:37

Also not sure Holly on their decline rates of any or what type of wells and fields they have Maybe Ross couldn't give some facts.I'll go on their website too

[offerman] 30/4/2018 11:36

Holly I was having a quick glimpse of TXPI'm not selling any here either in fact will add some more when funds allow Can't believe how slow banks actually are...!! TXP only have around 125m shares circa Wouldn't take much to move them but they have a lot of debt about 22m£ according to Advfn How quickly they are paying that down I don't know?They are producing over 1700bopd though

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

Rossannan, Whilst I have no intention of moving my money from here, just curious (and sorry for off topic to others), what is your short term target for TXP before you consider selling up....and may be take up a position here. You seem to be settled on TXP being a better short term play....hence my question. (what is your 'short term' and the share price target over there?)

[holly day] 30/4/2018 10:48

Morning offerman. TBH, I don't really have any concerns here, as long term CERP has a tremendous potential. Like TG said before, the initial Leo effect seems to have worn off. Now that we have had several presentations and couple of 1/4ly updates, anyone on sidelines would want to see more than 'slow mo' progress. Hope we don't wait a full 12 months for some fireworks and that the 'bigger deal' materialises this year.

I learnt from my experience with SDX, the share price was meandering around 45-50p range for a long time and I got bored!....now 66p.

[offerman] 30/4/2018 10:35

Holly I look at CHAR today and greatful I'm here

[offerman] 30/4/2018 10:35

Morning Holly It's all going nicely but slowly. Totally agree about potential deal non effect because it's just that , only a potential so rightly so I wouldn't want the share price to increase in that because of the deal didn't come to fruition then negative effect on share price I don't think there will be a particular catalyst I think in general it will be a slow and steady rise which is a good thing to reduce traders. Of course a positive drill deep drill on SWP would have an overnight impact But everything else with regard gourdron is slowly slowly inc wf. Look at the 2-3 year picture imho then we should see exponential growth .

[holly day] 30/4/2018 10:23

Morning all. Well, I am intrigued as to what the next catalyst for the share price will be. The 'potential' deal imo is unlikely to have much effect . So all eyes on the next 1/4 figures?. We remain CF+ and probably ++, production rising, albeit 25 odd bopd per month, Schroders adding ...no impact, investor presentation....zilch. Wonder who else was presenting at the event so I could check if other companies had any material effect on their share price GL all.

[nexus7] 30/4/2018 09:46

arrynillson,
From the Spanish Gov:

Order ETU / 323/2018, of March 14, which extinguishes, for the sole purpose of allowing a call for tender, the concession for the exploitation of hydrocarbons called "Lora", granted by Decree 3311/1966, of 29 from December.

In spanish:


Now we are waiting for a new permit.

[arrynillson] 30/4/2018 08:38

12bn - BTW I know you have trouble understanding rns and therefore recommend viewing the Investor Show media from Leo Koot - the link is on the non - nutters thread. It talks about the new drilling ideas and costs - seems to be at variance to your thoughts and he is running the company and has a successful history in the business!

[arrynillson] 30/4/2018 08:32

12bn - presumably you've posted on the wrong board - everybody is heartbroken you are so far down on KOD but it's got to be your decision when to bale - judging by the 2p sell advice you gave readers here only weeks ago I can see you need help but with your history I wouldn't take you on even if I were permitted!

[12bn] 30/4/2018 07:58

2019 before any real action here? That seems a long way away!

[arrynillson] 30/4/2018 00:24

Nexus - thanks for posting the item on Spain - seems like some modern technology would be transformational on that field - anybody know a team who seem to be well placed to exploit that opportunity?

[garnhiem80] 29/4/2018 23:20

Intresting method on well workovers.. especially if they are producing the said multiples from wells that were producing 2-5bopd?

It leaves it quite open to production potentials? With or without water injection!

Again they do appear to be in full control of what’s happening in the field and when it’s the right time for it to happen..

[jcgswims] 29/4/2018 23:03

Rogsim, Thanks for the link, I've now added it to the header.

Leo coming across as professional as ever and I'm looking forward to what him and his team can achieve in the next few years.

[offerman] 29/4/2018 21:51

I also noted the comment about deepening these current wells to learn more and who knows maybe find additional .... The oil is literally below them but in land making it much cheaper to drill 2-4m$

[offerman] 29/4/2018 21:49

Yes and just to add , there are 14 identified prospects to drill using state of the art surveys FTG and others. So if one does come in at say 50mbo and one more out of the 14 to that amount.................... The tar is visible all around the place according to LK

[h van der h] 29/4/2018 21:31

“When we start drilling in swp sometime in 2019” (new drills?) stepping stones first though, re-activation and stimulation and deepening some existing wells to test areas... that last step could be this year imo

[the guardian] 29/4/2018 21:26

4. If we succeed with a well in SWP, we could potentially be halfway that £500mn mc target in 2019

That's 38.5p using the current number of shares in issue. :-) tasty.

[h van der h] 29/4/2018 20:27

LK’s north of 800 with potential for higher estimate comment was based on continuing on the same increase trajectory from 327 to 550 to 625 yesterday... (keeping expectations real). that’s all Goudron production from memory, re-activation of bonnase and some magic well stimulating should/could see a decent return and if Icacos transfers to us add some more. Was good bit of insight into pilot floods... liked the comment about what you put in you should get out in oil in 6 months time.. can’t decide if the rns in April declaring 1000BWPD is additional or total??? ....”A 7 well programme has been completed in Q1 2018 targeting increased field production OF 1,000 BWPD. This has now been achieved, allowing additional volumes to be available for the water injection pilot work.”. Of not to?