Columbus Energy Resources Share Discussion Threads

[arrynillson] 09/5/2018 08:16

12bn - lack of pressure is the answer to your question. The logging shows the oil is there it does, however, need encouragement to flow at a good commercial rate at the surface.

Water Flood is the preferred method of longer term pressure support and CERP are currently at the early stages of the pilot programme.

CERP have also achieved results far exceeding your expectations using electric pumps to increase pressure.

If you read the rns and watch the media all this will become apparent to you - you seem to be stuck in a time warp of the Ritson/ Leni era where technical innovation of the sort embraced by the new management team was not pursued with the same vigour.

There are no guarantees of success but the new team have ideas which have worked when you have doubted - they are very experienced oil men - I'm backing them not a time warp ignoramus!

[the guardian] 09/5/2018 07:46

You are right about China offerman. It's a very powerful country that is slowly stating to assert its authority in the China sea and beyond.

Leo based his initial strategy on an oil price of $45. WTI is now at $70.49 and Brent is at $76.49. I hope we see the effect on oil shares because we will definitely see it at the pumps.

[geoff0458] 09/5/2018 07:16

WTI $70.53 @ the mo :)

[offerman] 09/5/2018 06:59

Global security has always been and will always be insecure as that's mans nature and always will be. One day the Chinese will be in amongst it all too for real.'Tis the nature of man

[offerman] 09/5/2018 06:58

How much is oil now TG

[the guardian] 09/5/2018 06:57

Oil up. Global security down.

[nexus7] 09/5/2018 00:07

From emilyt16 Today 11:19
-------------------------------------
EDISON
Exploration watch
Trinidad: New energy to low cost, low risk region

[12bn] 08/5/2018 18:40

If you like 'pie in the sky' prices Garnheim,then LGO once hit over 6.5p,equivalent to 130p in todays 20:1 consolidation prices but the picture looked rosy then. We were given open flow rates of 6000 bopd from 1 well,670 but that was soon choked back to 1000 bopd, everything still looked rosy for NRs drill programme but these high initial flow rates soon disappeared. Trinidad wells just petered out to a dribble,the big question is why?

[edgar222] 08/5/2018 14:52

Blue again. How many days is that?Quietly creeping up. The way I like. Not spike and crash.Patience will be handsomely rewarded here.

[garnhiem80] 08/5/2018 00:50

JPMorgan estimates that production will fall to 1.2m bpd by December from 1.5m now, although the risk of its falling below 1m bpd “is very high”.



Keeping on eye on when Venezuela look to turn around!

[nexus7] 08/5/2018 00:25

???
...
The market is also focusing on Venezuela, after ConocoPhillips was said to be working to take Venezuelan oil assets in the Caribbean to fulfill a $2.04 billion arbitration award...

[ccr1958] 07/5/2018 12:19

Poo looking good for us ....come on Donald !

[arrynillson] 07/5/2018 12:02

frontdoor - pretty much zero if you sold out completely but if you left them in your old sock drawer you’re probably pleased they’re worth more than those old verruca plasters and if progress to date is sustained by the new team you may be pleasantly surprised with ultimate value.

It happened to me many years ago when LGO were mainly about Spain and losing litigation but the change of direction stimulated a huge upswing - the rest is history - not all good as you know! ATB!

[nexus7] 07/5/2018 11:25

WTI $70.44 :0))

[ccr1958] 07/5/2018 10:51

Well done TG ,excellent effort ,yes the power of exercise can’t be underestimated!

[the guardian] 06/5/2018 09:15

Surprisingly enough, I started with a sore knee and hip and after 5 days walking, they are now both ok. The magic of prolonged exercise.

[mark of the rushes] 05/5/2018 22:53

Sore knees TG?

[the guardian] 05/5/2018 17:43

The Great Glen Way used to be 73 miles. Two high sections were added 2 years ago making it 78 miles.Just completed the walk in 5 days. Recorded distance 84.2 miles.

[nexus7] 05/5/2018 15:27

From bigdouble Fri 20:51
-------------------------------------

Management
I have been round the AIM circuit for a fair number of years, made a few quid and lost a few as well. I have had the pleasure of meeting Loe and other members of the Board on few occasions now and have real faith that they will take Columbus to another level. Leo is a class and some above the norm in AIM and current investors can thank their lucky stars we have him at the helm. I have a target of 55p in the next 30 months, seems a long time but a 10 bagger is certainly not unrealistic IMO. Listen to bigmj he is a very astute investor and also a very genuine down to earth individual. GLA the journey will be worth taking.

[arrynillson] 05/5/2018 14:37

Ross - production is a big problem for 12bn - not a red herring - he thinks it's more like KOD - sinking to new lows whereas the opposite is the case - known to anyone capable of reading rns and listening to media!

[humphries1] 05/5/2018 08:18

NEXUS7 if you put hTtp you will get clickable link