Columbus Energy Resources Share Discussion Threads

[offerman] 22/5/2018 13:56

I don't mind about the communication issue Holly as long as we see progress with deals with production increasing and to continue sticking with the roadmap then I will be completely happy based on Leos projections

[holly day] 22/5/2018 12:26

TBH, not too impressed with the communication. May have to await another presentation to a 3rd party to appear on youtube.

[holly day] 22/5/2018 12:24

With all that extra money hitting the pot (add to that the placing money > 3 mill), I'd have thought they'd be keen to accelerate their program. That 'potential' deal is yet to be finalised...being two months in to the current quarter. We could've been carrying out workovers by now. Need to maximise our returns based on POO. IMO of course!.

[nexus7] 22/5/2018 09:15

From Rugby2015 Mon 21:13
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RE: Wti

Back in October the CFO gave an interview and stated every $ increase in the POO was worth around $10k NET to the company each month. I am sure he was well aware of IPSC and all tax deductions before making that remark. The interview is now 7 months old but as October’s monthly POO average was $51.58 on production of around 450 bopd and Aprils POO monthly average was $66.25 on production of around 640 bopd then if he updated his numbers the evidence points to a rating higher than the $10k he quoted and not lower. Through my eyes that is a lot of ‘extra’ money each month for a company the size of Columbus and I am sure the BOD are grateful for every rise in WTI

[arrynillson] 22/5/2018 08:27

geoff - good spot there re TI field.

I'm a teeny weeny bit disappointed as I thought that field would be a great fit for CERP and the magic LK team.

I wish Predator well with the venture - they may get lucky and they are talking about EOR so they seem well aware of decline issues - I'm not even sure I could bring myself to tip it to Rossannan!

[geoff0458] 22/5/2018 07:03

WTI now $72.57

[h van der h] 21/5/2018 13:36

yeah totally agree Ross, but it shows the power of rumor and the effect of the herd (or organised group of traders!)..interesting to watch. Not for me! unfortunately i@m not that brave

[arrynillson] 21/5/2018 13:00

rossannan - caaaaaaaaalm down - most people are aware these longer term numbers are aspirational - there are plenty of deals to be done and opportunities for you to trade this in the coming years! Of course if things had panned out differently at the time LGO were close to bankruptcy and your campaign of destabilisarion had worked these excellent opportunities would not be available either today or tomorrow!

[h van der h] 21/5/2018 12:32

isn't AIM unbelievable sometimes.... WEB just keeps going :-0

[nexus7] 21/5/2018 10:40

From rossannan Sun 22:09

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RE: O&G sector

MrMagoo31

Realistically though, 80p means a MCAP of over £1BN and assumes that CERP is either going to acquire on the cheap or discover within its existing portfolio a properly world class asset. Anything is possible, but you have to admit that you£re running a bit of a fantasy number there.
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From Last RNS
Holding(s) in Company
RNS Number : 9969L
Columbus Energy Resources PLC
25 April 2018
…
Total number of voting rights of issuer 649,206,426
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649206426 x 80p = 51936514080 p

That´s a bit more than £500M Not £1BN.

This figure (500M) was stated by Leo. :0)

[arrynillson] 18/5/2018 17:51

12bn - peeking again - Mystic Arry didn’t need the crystal ball to predict that!

Readers here know your crystal ball was smashed and your credibility shot to pieces about the time of the 2p sale advice and magical intervention of Schroders as a major holder -it’s KOD holders you’ve done like a kipper 12bn - they want to know when the share price free fall will stop - give them hope - they don’t care about minor fluctuations over here 12bn!

[12bn] 18/5/2018 16:44

Whats that arry,you are impressed with my psychic abilities and would like to thank me for sharing them? That's ok mate,I like to help. :)

[arrynillson] 18/5/2018 15:26

12bn - Mystic Arry was spot on with those KOD share price predictions - is there a chartist term for ' down the plug hole ' 12bn. Why aren't you advising people over on KOD about the relentless tide of overwhelming sells vs buys - and Mr 7,500.000 sell hasn't put in the daily appearance yet!

[12bn] 18/5/2018 14:35

5.20p bid about to go,yours mystic 12bn.

[offerman] 18/5/2018 07:57

Not that long ago I remember seeing only a 3$ difference between Brent and WTI so why now the vast growing gap between the two ?

[arrynillson] 17/5/2018 20:14

Ross - surely your reply in post 4510 should have been - IMO this article would have been a better riposte.

You should leave readers to judge the merit of your argument - quite often historically you've pedalled complete tosh on here and LSE with the same misplaced confidence!

[nexus7] 17/5/2018 19:13

ross,
In the game of the price of oil there is a very important player: Saudi Arabia and its partners.

OPEC Won’t Stop When Oil Hits $80


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