Columbus Energy Resources Share Discussion Threads

[jcgswims] 12/6/2018 07:40

CERP tweet

Columbus ERP‏ @Columbus_ERP · 20m20 minutes ago

“From its core #Goudron field asset, #Columbus is #cashflowpositive from operations and aims to create transformational growth by developing its portfolio in the South West Peninsula #SWP. Find out more in our Annual Report for 2017 here:

[jcgswims] 12/6/2018 07:36

"Pre-tax Group loss for period of GBP5.02 million (2016: loss of GBP11.89 million), partially reflecting various legacy costs in 2017 which will not recur in 2018"

"Further savings are anticipated in 2018 as the new management continues to focus resources away from corporate activities and more towards Trinidad. This is likely to include the closure of the London office in late July 2018 to save further costs, with London staff working from other locations from that point onwards."

"The debt position had reduced to approximately GBP0.69 million at the end of March 2018 and the Company intends to continue making monthly repayments in cash throughout 2018"

[nexus7] 12/6/2018 01:22

From alto1 Mon 22:33
-------------------------------------

RE Leo

ok share price is not great at moment but i would pay 5p just to have Leo backing my investment :
AGE 55

CEO BIO
Mr. Leo Willem Koot serves as Managing Partner of MENA Gulf Investments. Mr. Koot serves as Chief Executive Officer of Columbus Energy Resources plc. He served as Chief Executive Officer of Energy Development Partners Limited.

He was responsible for the drilling operations and jacket installation of a number of gas platforms, he introduced simultaneous drilling and production operations which resulted in significant added asset value. He is the President of Abu Dhabi National Energy Company (TAQA).

He is a petroleum engineer and has experience in well engineering, production technology, contract engineering, project management and asset management. He has been involved in multiple successful business start-ups of scale including EDP Ltd, TAQA Bratani (UK) Ltd and TAQA Iraq BV.

Mr. Koot has over 28 years' experience in the Energy sector and Mr. Koot has spent 19 years in the oil industry.

He started his career with Shell in the UK Southern North Sea. He thereafter managed Shell's operations in Namibia, including the Kudu-4 exploration well. During his last assignment for Shell, in the Far East, he led the project team responsible for the discovery and tie-back of a satellite gas field, setting a record by bringing a field on stream within one year.

He served as Managing Director of TAQA Iraq BV at Abu Dhabi National Energy Company PJSC. In 2001, he joined Well Dynamics. By showing the client how Smart Wells can optimize production he helped deliver material additional asset value. He served as Managing Director of TAQA Bratani Limited until January 11, 2013.

Mr. Koot was overall responsible for the Well Dynamics Smart Well portfolio in Europe, FSU and the Middle East. He has been Executive Chairman at Columbus Energy Resources plc since May 10, 2017.
He serves as a Director of Avanti Energy & Real Estate B.V. and Avanti Energy FZ LLC.

He has been Senior Independent Non-Executive Director of Sterling Energy plc since January 20, 2017 and it Independent Non-Executive Director since January 19, 2017.
He served as a Director of TAQA Bratani LNS Limited and The UK Oil and Gas Industry Association Limited.

He holds a Masters Degree in Petroleum Engineering from Delft University and a business degree from Harvard Business School.

[offerman] 11/6/2018 15:31

It does appear to me that there is another large seller about. Lots of bulk selling over the last few weeks many more than buys. Maybe some top-heavy folk balancing the books a bit with RiskPersonally I'm very top-heavy extremely so in this stock?As I am very positive about future ?

[holly day] 11/6/2018 15:19

Rossannan, I'd like to think the "big SWP drill" will be a calculated risk...how Leo seems to work. Keeping in mind that the till will still be ticking over from the existing re-works....assuming overheads don't spiral out of control...again, Leo is mindful of that. Really need to see the finals to understand the finances.

[offerman] 11/6/2018 15:18

Hi Holly If they couldn't sidetrack then how much would that cost to redrillA newWell 50 ft away ? I always wondered why they wouldn't revisit that lost well?

[holly day] 11/6/2018 15:11

Offerman, the dilutive effect was purely conjecture on my part, just to counter some the 80p for 1/2 bill mcap. No one really knows exactly how this will pan out and how the financing may occur. No more share issued, 80p, or shares issued to all and sundry, share price could be any where below that, down even to 10p!!

I did ask before whether it'd be cheaper to re-activate the lost well. Some suggested it to be uneconomical, Surely, if if that well was intended to be the company maker, why not side track? I know nothing about the geological and drilling implications, so was trying to get a feel for the thought.

[offerman] 11/6/2018 14:37

Maybe Ross as they aren't allowed to purchase given any know news to come or near results perhaps

[offerman] 11/6/2018 14:36

Yes Ross if we strike oil big in SWP as big oil would wake up and we would have more bargaining power but maybe not of SWP doesn't come in Is the hardest part trying to get out of the acorn stage and start to flourish

[offerman] 11/6/2018 14:33

Christ Holly really ? Very dilutive then whether accretive of dilutive is allThe same really. Whether either issue more shares or give % accretive money has to come from somewhere Making meThink much more cautiously now as when we all discuss these options looking at bigger picture we really need a hit on SWP even that is not guaranteed I guess even with 14 identifies targets. If 1st drill in the of the three stacked layers fails then 4 million gone where does next lot of funds come from to fund next 4 million drill.So we really are reliant on SWP hitting oil . What are the COS with SWP ? I thought money churning machine days with NR were over but when you mention all of these Holly it bring rational to the tableI will be taking it very cautiously now with any top up and will just start off with 100k shares top up giving 600totalWill do for now. Until clearer picture of where we are heading . Once again good points Holly.

[holly day] 11/6/2018 14:08

Rossannan, I have heard this 'we're in a closed period' argument banded about all over AIM. It's like a continuous closed period! Restricting us to quarterly updates counters that claim here imo.

[holly day] 11/6/2018 14:00

Agree fully offerman. GL.

[offerman] 11/6/2018 13:56

Hi Holly Sorry I think I came across wrong as I didn't mean the directors should be buying shares because we areThat would be ludicrousIt would be more a case of the other way around if the directors have the confidence to buy shares then more PPIs would probably buy more and there would also be a small increase in the SPSo the fact that directors aren't buying loads of shares also makes me think they are not fully confident at this stage as it's early days no deals are complete and no big big deals are a certainty that's for sure

[the guardian] 11/6/2018 13:50

He doesn't need to exercise the options until he is ready. Zero risk.

[holly day] 11/6/2018 13:38

I agree Rossannan. That's why I never mention the share price and market cap in the same sentence. There's a lot that can happen between now and SWP re-christening. JV's, accretive fund raise, more options, new insti, etc. We could potentially have a MCAP of 1/2 bill, with share price at 10p.

[holly day] 11/6/2018 13:18

I highlighted the following the other day:

Leo Koot has agreed to receive half his fees for the first 12 month in the form of Company stock to be issued at the end of first year at a price of 2.2p per share being the price at the time of the last placement in March 2017 and broadly equivalent to yesterday's mid-market closing price of 2.18p.


NOTE: "Company stock to be issued at the end of first year at a price of 2.2p per share"...imminent.


In addition, Mr Koot will be granted options over the Company shares as follows:


3 million shares strike
at 2.2p vesting at 4p
3 million shares strike
at 4p vesting at 8p
3 million shares strike
at 6p vesting at 12p
3 million shares strike
at 8p vesting at 16p
3 million shares strike
at 10p vesting at 20p


So, has he exercised ....
3 million shares strike
at 2.2p vesting at 4p

?