Columbus Energy Resources Share Discussion Threads

[garnhiem80] 31/5/2018 08:06

What’s the urgency for updates?
We know consistent news flow is used to support the share price for further share placements!

We know CERP have stated the company doesn’t need fund raises to operate, we know quarterly updates are going to provide more accurate information.

You’d be better off messaging the company with Questions and concerns than asking a chat board.

[12bn] 31/5/2018 07:34

The Guardian31 May '18 - 06:46 - 4594 of 4594
0 0 0
9th April

Reactivation of production from the Bonasse field has commenced with a workover rig to be on-site for production enhancement well-work in the coming weeks.

Seven weeks later, is it there or not?

What is happening with the Icacos deal?//////Always keep the mushroom shareholders in the dark,that way they won't know how bad production numbers really are!

[the guardian] 31/5/2018 06:46

9th April

Reactivation of production from the Bonasse field has commenced with a workover rig to be on-site for production enhancement well-work in the coming weeks.

Seven weeks later, is it there or not?

What is happening with the Icacos deal?

[nexus7] 31/5/2018 06:07

From MrMagoo31 Wed 18:16
-------------------------------------

RNS - Have Another Read

From the last RNS (6weeks ago) - we are 6 weeks to the next one, so half way .....
Plentiful information and which direction we are headed !

[holly day] 30/5/2018 18:48

TG, I agree with everything you've said. The euphoria, as you call it, imo, sums it up perfectly. Leo, with a turnaround expertise, high profile, came and not yet fully conquered, but managed to use his clout and plans to provide us with a solid financial foundation. TBH, tidying up a mess left by Ritson is no big deal as the company needed a fresh team/ideas. So, we need to get over the fact that he quickly got us to CF+. It is now that he has to earn his corn and imo, he has laid down a 'comfortable' projection (marker) for this year. POO rising, production slowly rising, surely the kitty must be loading up nicely.....unless wages are rising (including recruitment and capex). I personally am disappointed with the production increase this side of 2018, but every little helps, aided and abetted by strong POO, I'd have now expected something to have been brought forward (as per Rossannan, even a shallow drill in SWP) to start capitalising on the 'happier' oil environment.

My only concern is that Leo (having worked for a larger corporation), may have found the obstacles facing oil minnows in on-shore Trinidad quite challenging, further restricted by the limited finances. I think it to be too early to be treating us like a large corporation and limiting newsflow 1/4rly. He seems (or seemed) happy doing video presentations, interviews and showing drone footage, etc. But AIM lth's historically lose patience and move on. If he is looking for us to strap in for the long haul, fine. But not treat shareholders like mushrooms.


Rossannan, your " Is the something that’s not quite right here perhaps people’s expectations...". I am sure if you were invested you too would be questioning the frequency of newsflow?...No?

And your "Assume LK hits his low case targets and CERP ends the year with production approaching 1000bopd and all lined up to drill the SWP. Is that a 5p scenario?"

If there is no mention of SWP this year, then we ain't going anywhere in a hurry. Staying within the projected target, all we'll see is a churn of shareholders through boredom....and possibly likes of you leave it as late a poss to take a punt....or even create a mighty spike on news.

All that the strapped shareholder are seeing out of the window is a man (or two) inspecting a pump, presentations donning a purple tie, a graph that says come back in a year for some fireworks!

Good that we have Schroders on board (someone to keep them in check), else I'd have exited.

[garnhiem80] 30/5/2018 18:27

Most shares I enter, the chat board is quite.. it’s a good sign that the Herd hasn’t arrived!

[the guardian] 30/5/2018 17:45

The problem I have holly is that we've seen the strategy, we've got Schroders on board and we got a great deal with Bolt BUT the share price hasn't moved for eight whole months.

If you look at the LSE board, they mostly write about dross and LLL. This bulletin board can go for a couple of days without anyone saying anything. Why? Because other than speculate, shareholders have nothing to talk about.

As carpadium mentioned a short while ago, a flurry of information every three months isn't enough to attract new investors . Before long, it won't be enough to keep the current ones either. I have never been attracted to a share with an empty bulletin board because it shows that shareholders are not in the loop.

It seems to me that the experience of our BOD is over hyped at the moment. A year down the line and I was expecting to see a lot happening, both on the ground and with the share price but the only rise we had was built on the euphoria of having such a great team at the helm. Once that died off, we fell back and here we remain.

I can't help feeling that there is something not quite right here and I'm waiting for the company to prove me wrong.

[ccr1958] 30/5/2018 17:15

Quarterly updates are fine but exceedingly unexciting all round . I hold a lot of these by my standards but might well be halving my holding in a ‘ minute’ through boredom.

[holly day] 30/5/2018 16:43

Rossannan, Thanks for your opinions, but I'd like to hear from the management. Nothing you have stated there which isn't what others assume to be the case. I am sure all is well and they are very busy growing the company. Can't beat a re-assurance line from the company. Leo insists on a 1/4rly update and comparing us to other oilers. We are not a 1/2 billion company (yet), we are in our infancy of a new era where more frequent updates imo are important to not only hang on to your investors but to attract newbies. Wonder how many potential investors that attended the investors presentation piled in here based on a dozen bopd increase and a projected 1/2 billion mcap?!

[arrynillson] 30/5/2018 16:16

Ross - Q8 why do I have this irritating urge to interfere ?

[offerman] 30/5/2018 15:59

Understand Holly Best idea about a call.

[arrynillson] 30/5/2018 15:20

12bn - somewhat surprised small variations in share price here still interest you - we haven’t heard from you since you had to order in an emergency supply of nappies over on KOD - your contributions always have comedic value though - if nothing else!

[offerman] 30/5/2018 15:10

Hi Holly Brilliant post best post of the year and your questions are Absoloutely bang on the money . Can I ask, maybe you could send those to CERP on their Q&A section?

[12bn] 30/5/2018 14:31

Columbus Energy Resources Ord 0.05p (CERP) Trades
4.95
-0.10 (-1.98%)
live: 2:29PM BST////// oh dear,not looking good imo.

[holly day] 30/5/2018 14:06

Rossannan, I agree with your post. SWP is what everyone's looking forward to.

However, I just don't think there's enough info (meat on the bone) re. what is going on out there.

1. How many wells have been re-worked, how many earmarked?
2. It was suggested about a dozen barrels increase in the month following last update. Are we seeing much decay in flow from the initial reworks and being offset by newer reworks?
3. Are we likely to pay off LIND with cash or is the loan repayment committed to run the full distance?
4. Is our rework/stimulation focus strictly on Goudron or now being extended to the newly acquired sites?
5. WF update wouldn't go amiss. Most peeps had high hopes with WF, citing the team's expertise....nada.
6. Are all the legacy issues behind us now?
7. Do we have the resources to bring forward some of 2019 plans?


The above merely helps one understand the task in hand and guestimate where we may finish the year in relation to the projection chart.

Only got another 5/6 weeks before the 1/4rly update. Let's see.


I am also curious about:

Are the Directors still being paid part in shares?
Have the directors purchased any stock?
Is Ritson ( the legacy issue) still around?!

Finally, are purple ties still in vogue?!!! :0)