Columbus Energy Resources Share Discussion Threads

[holly day] 12/7/2018 09:57

TG, Sorry, but can't see a blockbuster rns tomorrow. The attendees will have no time to digest contents to raise any questions at the AGM (may be that's the idea!). So either expect RNS post AGM to say all resolutions passed, or wait until Monday for the quarterly update. Sorry, but this team is taking the biscuit imo. I bet all the guesses here on production are not far off. The only distraction is the wait for the 'material' deal to materialise!!...and based on the last deal, I am not holding my breath.

We're supposed to have M&A experts on board... so let's see.

[nexus7] 12/7/2018 09:17

From Hellraiser1 Today 08:29
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RNS soon
Looking forward to an update on the 2018 work programme which is fully funded from cashflow and includes the continued ramp-up of production at Goudron, the reactivation of the Bonasse oilfield; the optimisation of the Icacos oilfield; and the exploration programme at SWP, and any news on the upcoming Drill in 2019. Should be an RNS before tomorrows AGM I hope, should see some movement in share price very soon, maybe even a spike tomorrow

[arrynillson] 12/7/2018 08:41

12bn - anyone who rejected your advice to sell at 2p is knowledgeable enough to be aware that production levels are more important than fluctuations in WTI - you also told us LK and his team would make no difference to production!

[h van der h] 12/7/2018 08:38

Morning all,
Tears wiped away and its a new day :-)
these are my findings from earlier ref. IPSC's

1) Beach-Marcelle block: RRL = averaged 200bopd q1
2) Goudron block: CERP = 542 bopd feb/March
3) Inniss-Trinity block: Fram Exploration -reported upto 160bopd (prd cpr)
4) Catshill & Moruga East blocks: A&V Drilling and Workover Ltd.. been naughty boys..NIL.. Production switched to Petrotrin In March. Approx 800 to 1000 bopd (although with a bit of well magic could easily reach 1500bd)
5) Navette & Balata East blocks: API Pipeline Construction Company Ltd.. cannot find data except from 1977 and was doing about 50 to 60 bopd..

From what i can find RRL is the most likely candidate to have a reduction due to ongoing problems at Beach-Marcelle with pumps,etc.
the others are much harder to find info on, but no apparent progress has occurred at PRD/Fram as yet.
Cerp Production figures should be in the region of April=570, May=570, June=600. although i'd love it to be much higher of course.

[the guardian] 12/7/2018 08:13

Whatever Leo has to say tomorrow, it can't be limited to the few that attend the AGM. Fingers crossed for a blockbuster rns tomorrow morning.

[12bn] 12/7/2018 08:00

Libya oil production is to re-start.

[carpadium] 12/7/2018 07:32

offer :-)

The update must be ready to release but subject maybe to timing. By that I'm guessing there's M&A news of greater impact for the AGM and Malcys presentations to offset mediocre production progress. Has to be a prior RNS though so something tomorrow?

[offerman] 12/7/2018 07:24

Carp maybe we will get the RNS by four years time .....

[offerman] 12/7/2018 07:23

Yes we were TG

[carpadium] 12/7/2018 07:21

Looks like another 4 years then when, coincidentally, a certain plan will have ended and we'll all be filthy rich!

[the guardian] 12/7/2018 07:16

Watching football is bad for your health. Beaten by a better team but a great credit to England.

[offerman] 11/7/2018 21:44

NOOOOOOOOOOOOWell done lads for reaching semis

[offerman] 11/7/2018 19:51

YESSSSSSSSSSSSSSSSSS!!!!So far.........

[ccr1958] 11/7/2018 17:53

Come on England !!

[nexus7] 11/7/2018 15:31

Bullish Sentiment Soars As Oil Outages Mount
By Tom Kool - Jul 10, 2018, 2:00 PM CDT

n this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets this week.

We will then look at some of the key market movers early this week before providing you with the latest analysis of the top news events taking place in the global energy complex over the past few days. We hope you enjoy...

[carpadium] 11/7/2018 15:08

Was February the last month Catshill contributed to IPSC total?

Does anyone know if Petrotrin continue to operate this themselves (if so, more recent production would appear in a different column) ?

[h van der h] 11/7/2018 13:19

just had a quick look , interestingly ipsc's has reverted to march figure, could be just natural drop off, i see bolt has increased to 7 bopd.. will have a proper look later..nothing amazing for May production, holding station is my immediate thought,

[h van der h] 11/7/2018 13:19

Posted twice oops!

[holly day] 11/7/2018 11:48

Virtually impossible to make anything of it tbh.

For example, in the 1st 1/4 update, the rns stated:

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

Can't see how that can be tallied up with the numbers the MEEI document.

We should also be throwing in some 'smaller' bopd from the earlier acquisition.

[arrynillson] 11/7/2018 11:20

12bn - difficult to answer that one - all those susceptible to your influence would have sold at 2p so this seller has done well to realise more than 100% more and by not reinvesting in KOD they saved a subsequent loss of more than 50% - are you the worst investor out there, probably not, but there can’t be many worse that set up their own threads to boast about it!

[nexus7] 11/7/2018 11:03

From NicotineNelly Today 10:44
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RE: new MEEI

I take it that CERP's production come in the column headed 'PTRIN (FO)' , which gives April's production of 655bopd and May's of 643bopd, with the year to date's average of 611bopd, which would seem about right, right?