Columbus Energy Resources Share Discussion Threads

[nexus7] 05/5/2018 02:37

Crude Nears $70 With Traders on Edge Ahead of Iran Deal Decision

► U.S. benchmark crude has climbed 15 percent so far this year

► Sanctions on Iran may lead to disruption of oil exports

(Edited)

[garnhiem80] 04/5/2018 23:52

Ross not really got a timescale in mind! I don’t think it’s possible to predict the production growth rate in time, but Leo himself has said 1500+bopd and it looks like he has definitely got the bill tolling to meet that target!

I just liked 12bn pointing out that historical production and WTI figures, saw a share price equivalent of 60p And a lot has improved since then, with a lot more still to build on too.

Cheers 12bn for pointing out It’ll be worthwhile holding long :)

[arrynillson] 04/5/2018 16:57

12bn - Ive never come across anyone on chat boards who finds it necessary to respond on such a regular basis with a poster they have filtered - never encountered such a blatant peeker of filtered posts - carry on 12bn it suits me fine!

[12bn] 04/5/2018 16:27

Now rampers are asking about when 1500 bopd will be hit!!! Nonsense of course!//////o Average production per month as follows: January 427 BOPD; February 541 BOPD, March 542 BOPD.
arrynillson4 May '18 - 15:05 - 974 of 974 (Filtered)

0 0 0/////// Sorry arry,I cannot read your posts,my filter seems to be working! :)

[the guardian] 04/5/2018 15:52

15th Dec 2014!!!!!Where has the time gone? It angered me that NR gave out initial flow rates because everyone who has ever invested in oil knows that they are meaningless. You would think that a geologist would have known better.62.8 miles completed. 20 miles tomorrow then finished.

[arrynillson] 04/5/2018 15:05

12bn - this is a chat board - I don't see it's a big problem that people discuss the figures Koot has advanced - no one is guaranteeing higher case production - it's merely an aspiration based on expressed scenarios. Koot may or may not hit them but he's doing very well so far - clearly much better than your negativily fanciful lower expectations and that's after natural depletion which defeated previous management.

At least you're having to do a bit of research 12bn and I applaud that - must be a bit hot in the boiler room today!

[12bn] 04/5/2018 14:01

Now rampers are asking about when 1500 bopd will be hit!!! Nonsense of course!//////o Average production per month as follows: January 427 BOPD; February 541 BOPD, March 542 BOPD.

[12bn] 04/5/2018 13:58

Reality is often very different to rampers guesstimates. We heard 900 bopd quoted for Q1 but reality is below.Note the last 2 months were at around 540 bopd,it seems what was gained by water-flooding,work-overs etc was lost by natural production depletion./////RNS Number : 1910K

Columbus Energy Resources PLC

09 April 2018

9 April 2018

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Q1 Business, Operational and Financial Update

Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to provide an update on business, operational and financial activities during Q1 2018.

Leo Koot, Executive Chairman of Columbus, commented:

"Our vision is to create a Company with a strong and sustained production base, providing a foundation of steady cashflow to allow Columbus to create further growth elsewhere. In Q1 2018 we delivered value growth production, we delivered solid cashflows, and we delivered the South West Peninsula ("SWP") transaction on improved terms, all of which positions the Company to move onto the next stage of exciting growth opportunities through exploration and M&A activities. We are confident that the SWP, which contains multiple mapped prospects each ranging in size from 20-400 mmbbls, has the potential to deliver transformational growth over the next 18 to 24 months.

"The growth of the production base in Goudron is not without its challenges. In January, production was lower than our target due to a testing and monitoring phase. For the remainder of Q1 2018, successful well treatments led to the Company "Base Case" being consistently met with occasional peaks of production reaching or exceeding the "High Case" targets. The Company has worked hard to increase the Company's possible production capacity and continues to work on legacy and new technical challenges to unlock the full benefit of this increased capacity.

"Our 2018 work programme is fully funded from production revenues and available cash and we continue to increase production in a responsible and efficient manner at Goudron, alongside progressing activities on the SWP with the reactivation of the Bonasse oilfield and further analysis of the 3D seismic and other data to identify our first prospect to be drilled, potentially in H1 2019.

"An active M&A market exists in Trinidad and elsewhere in South America providing a number of acquisition opportunities. We are working hard to grow our footprint and are focused on completing at least one value accretive material acquisition in 2018."

Key Highlights in Q1 2018:

-- Good progress made delivering Columbus's strategy roadmap of being cash flow positive from operations and providing a good foundation for creating value though production growth.

-- Successful SWP re-negotiation on materially improved terms consolidating Columbus's acreage position in an attractive basin which includes multiple mapped prospects, each ranging in size from 20-400 mmbbl.

-- Solid production base within 2018 guidance, despite technical challenges, delivering steady cashflow and base for future growth:

o Q1 peak production of 627 BOPD, above the "High Case" target of around 600 BOPD for February 2018.

o Following a testing and monitoring phase during January 2018 in the Goudron field, production has consistently met or exceeded the Company's "Base Case" targets.

o Average production per month as follows: January 427 BOPD; February 541 BOPD, March 542 BOPD.

--

[arrynillson] 04/5/2018 13:54

12bn - BTW Esmerelda didn't say he couldn't see water flood making much difference - he just wants to see evidence it's working - which is a reasonable POV and I'm sure he's not the only one holding it.

Esmerelda the results so far using the magic team have been pretty impressive without water flood - now the targets for that process are increasing with the latest deals - looking transformational to me!

[arrynillson] 04/5/2018 13:39

12bn - people will make up their own minds about who the fool is on here.

Production numbers would be a good example - you doubted Koot because he didn't give monthly production figs ( even though he never suggested he would ) - then when the 3 month numbers were released they were way over your claim and they are even higher now according to Koot's investor show media ( now on CERP website for you 12bn ).

As you know Petrotrin employ a man called Daley Dipstick ( some think it's you! ) to measure the production every 24 hours so it's tricky for Koot to lie about production and Petrotrin publish monthly stats for IPSC overall - then all the numbers have to be agreed for the annual accounts.

I think minds are already made up about who is the fool 12bn - the only puzzle is why you still post your tosh on here when you get it Sooooooooo wrong on pretty much everything.

[12bn] 04/5/2018 12:42

I agree Esmerelda,I cannot see water-flood making much difference but that is just imo. Your research was useful and saved me a lot of cash but there doesn't seem to be much research done here now,just fools quoting Koots parrot fashion. 1500 bopd is just a pipedream,500 bopd would be a more likely target,imo.

[esmerelda] 04/5/2018 12:29

Well I am glad someone (12bn) benefited from my research a few years ago. I sold out at 0.5 as I believed all the hype. Nowadays CERP is on my watchlist and it stays there until I see positive evidence that water flood is delivering results. It has not done much for RRL but that is a different field.It really needs the SWP drill before any serious share price movement will occur here IMHO.

[garnhiem80] 04/5/2018 12:08

By looks of it we may not have to wait too long to get production back up above 1500bopd ( with water injection on GY669 and 1000bowpd to inject) on Goudron.. it’s a matter of what he can get out of the SWP,need to captitalise on an ever increasing WTI!


GY670 was completed 14th December 2014, which saw production peek a little above 2000bopd, average WTI at the time was $61..

It’s starting to sound like your 60p reference could be broken 12bn, current oil price $68, production 548bopd (Goudron alone), water injection availablity increasing, field reactivations, improved Royalty rates (on Goudron since 2014), improve royalty rates in SWP (NON ISPC)!

[ride daice] 04/5/2018 11:23

Personally I prefer the relative silence than the RNS's of the past which included "calculated open hole flow rates". 15th December 2014 GY-670 -> "The initial open-hole flow rate calculated for the well exceeds 6,000 bopd." That really winds me up.

[12bn] 04/5/2018 11:07

I see offerman is still confused over how the bid/offer prices are determined. I explained it once but nobody told him I had,shame he doesn't read this thread. I will explain it again and this time maybe someone could tell him,save him showing his ignorance continually! There are several MMs,they work for different firms,each firm gives a price that they are happy to buy at and one they are happy to sell at. The highest buy price becomes the official bid and the lowest sell price becomes the offer. You can have different firms offering the bid/offer and they can change their positions during trading once they have bought/sold enough shares to satisfy their positions. So although more buying tends to send the share price up and more selling sends it down,it is slightly more complicated than that, as the bid/offer depends on what MMs want to buy/sell at. One thing to remember is that the MMs have LSE rules to abide by. This is useful when you want to buy/sell at the official bid/offer prices,the MMs have to deal at those prices if your order is below the NMS (normal market size) or remove their price from the market. So if you place an order and it is declined then you should place the order again on a fill or kill at the official bid/offer.

[holly day] 04/5/2018 10:21

offerman, without going in to in-depth analyses, it is a lot more more complex that simple buy/sell and the volume on the day. MM's have the upper hand and are smart cookies. Remember, they ALWAYS making money. Just to list a few factors that add to buy/sell (il)logic.... The MM's know the traders (T10's & T20's), LIND would have their preferred mm as would Schroders, Charts, sentiment, market/oil trends, news (rns/media, regional) etc... the list can go on... Even levels 2 can't be an accurate indicator as some orders are kept invisible.

Yes, doesn't make sense that on a paltry few purchases y'day the share price had a noticeable rise. In the absence of news, imo, ducks were aligned in our favour y'day. Be interesting to see how long it lasts as impatient will sell in to any rise, also being wary of LIND's intentions.

We are still in the 'lower highs. lower lows' trend line since mid Sept. Need news to break out and find a higher floor.

[offerman] 04/5/2018 09:51

Hi VikeHow can small buys disproportionally make a price rise ?? When I question how a price can rise or fall without news the answer all comes back buyers v sellers.So with just small buys how could it make the share price rise so much even if the seller had dissapeared? What or who actually makes orPut the share price up or down is it manually done by mms or computers . If computers algorithms then how could they raise it by so much .Sorry if I sound pedantic it's more of a really want to know what / who and how are share prices deemed to go one way or the other . Clear cut rules and procedures of this would be really nice to see.

[vike1] 04/5/2018 09:25

No tips, the stock just ran out of sellers. Small buys in last few days have disproportionately upped the price.

[12bn] 04/5/2018 07:41

I am not pro-cerp at all Garnheim,I just think that they have a chance if they drill in the Cedros Peninsular to 12000 ft plus. I sold out of these at 3p old money,equivalent to 60p today,when I realised that their 2000 bopd target wouldn't be hit. (Thanks to esmereldas research into Petrotrin numbers). I think LK is a ramper who has over ramped Cerps true position and real numbers will prove this. I really wouldn't want to be in this until after Cerp do a big discounted fund raising to help finance a deep Cedros Peninsular drill. I think Lithium is the future and the place to be in over the next few years,so I prefer Kod,an over-looked share of the future imo.

[offerman] 03/5/2018 17:47

Nice one TG ATB with remaining mileage