Columbus Energy Resources Share Discussion Threads

[plasybryn] 21/7/2018 13:50

How do the salaries compare and who invited you as a guest? Certainly not the directors. And is your name really John Smith as you stated in the public forum?

[arrynillson] 21/7/2018 12:40

Plasybryn - at least I try and make my rants well informed by watching the medias and even sometimes making guest appearances at AGMs. LK shows the way to do it on PR - half salary as shares - do you think that will catch on at AAU - they would probably say bring it on but let's double our salaries beforehand!LK has also doubled share price in the year - some AAU shareholders would like to see something similar perhaps?

[plasybryn] 21/7/2018 12:03

Arry rants as a non shareholder on AAU. Pot calling the kettle black.

[arrynillson] 21/7/2018 00:09

Ross - you're still a daftee to me - why not watch the media and then tell us where Lk is going wrong and how you would do it better - you are allowed to consult your Fantasy Oil & Gas Manager Game if you need help!

My take on this is that Goudron is proving difficult to develop in the way originally envisaged - he could plough on regardless but other opportunities have now been acquired which have better near term development potential. They are far from abandoning Goudron as you would appreciate if you watched the media eg replacement of nodding donkey on GY670 with innovative new pumping system, at significant CapEx, likely to overcome sand issues! It didn't warrant a mention in the rns but it gives investors a flavour of LK thinking.

You seem to have lost a bit of love for LK Ross - you used to be able to tell us what he was thinking before he thought it himself ( sometimes awkward for his wife LOL!) - don't sulk over the torn up road map - he did say he would put some revised guidance together in due course - it's on the video Ross!

[nexus7] 20/7/2018 17:26

Link posted by SKY-RIDER Today 16:04
--------------------------------------

Columbus Energy builds on presence in Trinidad with Steeldrum deal

“Columbus̵7;s own production averaged 553 barrels per day over the quarter to June
Columbus Energy Resources PLC (LON:CERP) is steadily building a significant portfolio in the south/south-west of Trinidad.
The group has just agreed on another substantial expansion through the acquisition of local producer Steeldrum for £4.4mln in shares.
Leo Koot, Columbus’s executive chairman, said Steeldrum’s addition gives it a large well-balanced portfolio of assets strung across the south and south-west of Trinidad.
"Until now we've been focused on production from the onshore field at Goudron in Trinidad, but now we can use its cash to focus on the SW Peninsula."”

hxxp://www.proactiveinvestors.co.uk/companies/news/200760/columbus-energy-builds-on-presence-in-trinidad-with-steeldrum-deal-200760.html

[arrynillson] 20/7/2018 17:04

12bn - BTW i get little pleasure from shooting down your BullShyte theories but another one just bit the dust over on LSE - sellonnews revealed as ‘ mystery ‘ recent seller - he made profits too - how’s your KOD deal going - didn’t you buy at circa 4 Times the current price - ouch!

[arrynillson] 20/7/2018 16:49

12bn - hmmmmmmmm - like KOD’s 0.13 recent Placing - you must be the only poster that approved of it 12bn!

[12bn] 20/7/2018 16:40

Hmmm,forgive me for my cynical conclusion that Cerp wanted the right to raise cash at the drop of a hat.

[northpole2] 20/7/2018 16:01

Every AIM company I know has that resolution in some form or another. Standard practice.

[northpole2] 20/7/2018 15:24

Ross - on the LSE thread you make sweeping comments about the Steeldrum deal and other Columbus issues, including Goudron, based on the RNS but without even watching LK's two interviews and reviewing the AGM presentation. How daft is that? He answers many of your points in those presentations, including why Steeldrum is good for the Company, it provides extra barrels, can provide even more and de-risks the whole portfolio, that an extra barrel from Bonnase delivers 2x the dollars that a Goudron extra barrel delivers, etc. Watch the presentations before passing comments! You question why CERP should be using external consultants on SWP planning, a possible delay? Hello? So, they should just drill in the dark in 2019 without specialist technical work to de-risk those drilling activities? Every oil company carries out such technical work before drilling, LK was confirming their plans are on track and they were doing the right things (which costs money by the way). He discussed this in his presentations. LK also commented on Resolution 5 at the AGM, you would know that if you actually watched his presentation, he was not phased on that and noted that it wouldn't affect the Steeldrum or Lind deals, another point you made which was wrong. He also stated this in discussions after the AGM. The whole point of LK's presentations was presumably to INFORM and provide more colour than just via a bland/boring RNS where it is difficult to really explain what is going on, and why such a deal was done, the nuances, etc. WATCH THE PRESENTATIONS before engaging brain again please!

[12bn] 20/7/2018 15:15

You could be right Northpole2 but someone is selling big lumps still,who do you think it is? Cerp wanted the option of raising more funds in the future without going to shareholders but the resolution was voted down,why would they ask for the right if the Lind $3.25m was 'just an insurance policy' and all the cash they would need? They must have had a reason to put the resolution forward.

[northpole2] 20/7/2018 14:46

12bn. Why would they raise cash via a placing when they have just secured a $3.25m drawdown facility from Lind? And not touched that money yet? Just a daft suggestion on your part. LK made it clear this week the Lind funds were an insurance policy, just that. If they were doing a placing they'd have to involve all shareholders given all shareholders have pre-emption rights as per last week's AGM. Ain't going to happen.

[arrynillson] 20/7/2018 14:26

Ross - it’s easy for you to get the wrong end of the stick in normal circumstances but blindfolded and hands tied you are even more of a liability - don’t be deliberately ignorant, like 12bn, just take your time and listen to the medias before engaging keyboard sil vous plait!

[arrynillson] 20/7/2018 14:21

TG - I can’t speak for northpole but I did not get vibes from his post that he thought all this was imminent - I also majored on IF in my post - CERP are working up to it and although they’ve taken on a lot in the last few days they have cash and access to more through the new loan plus more employees ( Steeldrum ) and LK seemed to get a semi when talking about Steeldrum rigs!

[h van der h] 20/7/2018 14:01

But Ross,
after listening to the LSE media and the subsequent question asked at approx 32mins in, it sort of explains what is happening out there in TT concerning Petrotrin and the current 18 onshore operators, how some (CERP/TXP/TRIN/RRLand he include PRD) are working together and Petrotrins desire to create less but larger operators, and the need to be at 1000bopd to be regarded as a serious contender with the ministry,etc.
so for now i'm willing to roll with it and see where it takes us.

[12bn] 20/7/2018 13:59

I notice mention of a deep well into the Herrera sandstone level as a possibility on the other thread,while this may be too expensive for Cerp to do alone, a JV would give Cerp the chance of actually hitting the jackpot. It would be a big gamble, as the last deep well drilled lost its drill bit and failed but for me it may be worth the risk. Costs were talked about years ago and $15m-$20m was mentioned but that was many years ago and probably has little relevance to todays costs. DL called the Cedros Peninsular the '800 lb gorilla' and he and NR were convinced that you could tap into a massive oil field that stretched all the way to Venezuela. So very high risk and likely very expensive but even I can see that if a 12000 ft deep well was drilled there then there is a chance of hitting the jackpot.

[the guardian] 20/7/2018 13:53

arry, I haven't missed the point. The comment is similar to 'Tullow Oil PLC - Poised for a Takeover?' That thread title goes back to 2006.

No more from me until something positive happens. I'm £13.500 down since October and not very pleased about our 'progress.' I don't want to deramp my own investment, so I will keep quiet.

[12bn] 20/7/2018 13:39

Wow,now a 1m sell delayed 1 hour in reporting at 4.42p,either a big holder wants out (Schroders,NR,DL) or my placing forward selling idea,imo.

[12bn] 20/7/2018 13:35

13:25:01 4.5900 16,130 O 4.5000 4.6000 Buy 693,650 863,607
13:11:11 4.5500 50,000 O 4.5000 4.6000 Buy 677,520 863,607
12:57:21 4.4000 500,000 O 4.5000 4.6000 Sell 627,520 ///// The 500k seller is still around here and prepared to sell at only 4.40p,who is it? I cannot see it being Lind selling 4.5p shares at a loss. There is a big seller but it is unclear who it is. Normally I would think it is Cerp itself who has done a deal to raise cash with a VC who are forward selling the shares but they have just diluted here with 92m shares for Steeldrum. Maybe it is a cash raise placing for running costs?

[h van der h] 20/7/2018 13:13

although not entirely sold on the steeldrum share issue purchase i can see why its come about, Goudron cannot provide the means to develop elsewhere.. if as LK says its is sorted quickly it could give potentially a cash boost to help progress swp either by increased oil sales for a year until PRD find the cash to buy TI for $4.2m, possibly, but also money will inevitably be required at these assets too..is this just a brokering arrangement that gives us 2 fields in South Erin and Snowcap for our troubles? and some cash to spend next year without technically doing a cash raise? I've been saying for some time Goudron has chewed through far to much of our money for some years and has to pay its way, and wouldn't want to see anymore cash be diverted there.But equally these new ones will have to step up to the mark and not prevent the development of SWP, we've been waiting far to long for this unicorn to come to fruition after all!

[arrynillson] 20/7/2018 13:04

TG - I do believe you have missed the point - when CERP deep drill and get a hit that strike could well be massive - if it is the share price will go through the roof and Majors will be interested as it won’t be small potatoes and Tony has tied up the legals nicely so that this can be scaled up efficiently. Shouldn’t be much of a problem to tap into Petrotrin Soldado pipeline to refinery. Lots of ifs but even if those Manchester students aren’t keen I still think Mr Kipling was on to something and it’s not just Apple Pies!