Columbus Energy Resources Share Discussion Threads

[nexus7] 24/8/2018 09:42

From Garnhiem. Thu 21:44
------------------------------------
RE: Quiet period

Bonasse

Incremental opportunities
• Well reinstatement & optimization
• Well treatment/stimulation
• Deepen a well
• Enhanced recovery
• Water injection

Icacos

Incremental opportunities
• Well reinstatement & optimization
• Well treatment/stimulation
• Enhanced recovery
• Water injection
• Undeveloped shallow sand identified

Trinity Inniss
Incremental opportunities
• Well optimization
• Well treatment/stimulation
• Enhanced recovery
• Water injection
• CO2 injection
• Predator Farm-in

South Erin

Incremental opportunities
• Well optimization
• Well treatment/stimulation
• Infill drilling funded from cashflow
• Enhanced recovery
• Water injection
• Only 10% of the block has been explored to date

Cory Moruga

Incremental opportunities
• Secure Development approvals
• Phase I – Appraisal & Development
• Phase II – Incremental development
• Further appraisal and exploration potential

South West Peninsula

Exploration Opportunities
• Independent consultancy engaged for enhanced workup program
• Reprocess Seismic
• Portfolio of over a dozen initial risked prospects
• Range in depth from shallow to deep
• Range in size from 20 MMbbl to 400 MMbbl per
prospect
• Drill or deepen to an exploration target in 2019

[arrynillson] 23/8/2018 15:33

12bn - Wouldn't surprise me 12bn - it's a competitive interest rate and they now have plenty of projects which would achieve ROCE far in excess of LIND terms - the conversion option terms at a share price of 8.1p might ultimately be seen as dilutive rather than accretive but I'm happy to run that risk - don't you think it's a great deal 12bn?

[12bn] 23/8/2018 12:59

Lots of 100k sells,are Cerp taking up a Lind loan?

[arrynillson] 23/8/2018 09:52

Even an earthquake wouldn't have that effect ( too subtle for 12bn! )!

[12bn] 23/8/2018 08:43

No rush of buyers at 4p offer I see,this suggests a rapid fall imo. There should be support at 3p,imo,for a bit at least.

[12bn] 23/8/2018 08:37

Thar she blows cap'n.

[12bn] 23/8/2018 08:37

Columbus Energy Resources Ord 0.05p (CERP) Trades
4.10
-0.03 (-0.61%)
live: 8:35AM BST
Buy Volume 0 Trade Low 4.00
Sell Volume 250,000 Trade High 4.03
? Volume 0 VWAP 4.01
Total Volume 250,000 Prev day Vol 0
Status: Connected
(Pause Streaming)
08:35:33 4.0000 100,000 O 4.0000 4.2000 Sell 0 350,000
08:34:40 4.0000 150,000 O 4.0000 4.2000 Sell 0 250,000
08:15:44 4.0250 100,000 /////'There may be trouble ahead...',that's me singing,4p bid will go soon.

[the guardian] 22/8/2018 21:42

A lot of earthquakes and volcanic activity across our little planet in the last few months. Glad that the company have put people first and that everyone is OK.

[jcgswims] 22/8/2018 18:11

Cerp Tweets

Columbus ERP‏ @Columbus_ERP · 4h4 hours ago
All our thoughts are with those affected by the earthquake in Trinidad last night. Our staff are available to assist any aftermath requirements should they be called upon.

Columbus ERP‏ @Columbus_ERP · 4h4 hours ago
Following the earthquake, the Company Emergency Response Team reacted to establish the wellbeing of staff and families. They reported no injuries to personnel and operations in the field are so far unaffected.

[arrynillson] 21/8/2018 09:28

12bn - Lind must be barmy 12bn unless they think there is a reasonable chance of the share price exceeding 8.1p over the term of the borrowing. If that happens and Lind convert they will probably sell all the converted stock in the market, in an orderly manner - and you will be blubbing like a baby, AGAIN 12bn!!!!!!

[12bn] 21/8/2018 06:52

xippy20 Aug '18 - 13:51 - 5557 of 5560
0 1 0
Did none of you detractors watch the AGM video. LK said that they would be able to use the vast amounts of water to inject into Goudron. This in itself should in the long run reflect in the increased oil production they will get. And they won't be paying for the water! Seems all you chaps are impatient. Lind may be many things but not stupid and I'd be happy if the co. Borrowed money to only repay conversion at 8.1p a share. Is that not twice the current share price. DYOR/////// xippy,do you really think Lind would lend out money to have it repaid in shares at 8.1p when the share price is half that? Only idiots would believe that. The 8.1p only applies if Lind themselves request repayment in shares BUT if Cerp request repayment in shares then the shares are issued at MARKET PRICES. Cerp could opt to repay the loan with cash of course.

[arrynillson] 20/8/2018 21:50

12bn - I notice the share price ended up 4.4% today - I know you were disappointed it didn't reach 4.25p as you mentioned it during the day although I still can't fathom the fascination for you as you keep telling us you have no financial interest in this share - this constant monitoring of the share price appears rather odd behaviour - at least train spotters ( I believe ) get out in the fresh air and probably enjoy exchanging views on the railway - I doubt they hate the railway in the way you seem to hate CERP!

[nexus7] 20/8/2018 17:31

Emerging Markets Turmoil Revives a Dreaded Old OPEC Ghost

► Oil cartel has memories of the impact of 1997 Asian crisis
► Saudis are likely to adopt a more cautious policy approach

For more than two decades, OPEC has tried to avoid repeating a mistake that cost it dearly. In November 1997, at a meeting in Jakarta, Saudi Arabia convinced fellow oil producers to boost output, ignoring a crisis brewing in emerging markets...

The output increase came at the worst possible time. What in November 1997 looked like a hiccup, by mid-1998 was a full emerging-markets crisis spreading to Russia and Brazil. Global oil demand growth slowed, in part because of an unusually warm winter in the northern hemisphere. Benchmark oil prices fell below $10 a barrel, the lowest since the 1973-74 oil embargo...

[arrynillson] 20/8/2018 15:50

Seriously 12bn you always come up with this scaremongering story about the Lind facility - people know how it works - we've experienced it before with the loan they have just finished with Lind - you said CERP couldn't afford that and would be repaying monthly in shares - not so 12bn they upped production - which you said they couldn't manage - and serviced the debt in such a manner Lind wanted to lend more to this dynamic well managed company!

No one can rule out that future payments could be made in shares but I don't believe it's likely as the loan monies will be used to fund production centred projects - let's see what CERP say if and when the loan is drawdown.

Since you made such a fool of yourself with the sell at 2p advice you don't seem too keen to offer sell advice targets - at least you have seemingly learned from your mistakes but I'm a teeny bit disappointed as I quite enjoyed reminding you about your market expertise 12bn!

[arrynillson] 20/8/2018 15:35

12bn - did you mention at one time you had a job drilling holes for water - that must have been well boring - rather like your posts,

[garnhiem80] 20/8/2018 15:31

Might be worth looking towards the fields where the operators are having trouble handling the produced water?

Water disposal in some other fields isn’t so cost effective as Goudron.

[the guardian] 20/8/2018 15:18

He also said that the vast amounts of water were about half of what was needed.

[12bn] 20/8/2018 15:06

The Lind Facility

Details of the Lind Facility are as follows:

The Company has the right to drawdown funds as follows:

-- up to US$2.25 million of convertible loans for a period of up to 180 days after execution of the Lind Facility (in two tranches of US$1.0 million and US$1.25 million);

-- a further US$ 1.0 million of convertible loans, in tranches of US$0.5 million each, subject to mutual agreement with Lind and the Company having a minimum market cap of GBP25 million;

Should the Company not exercise its drawdown rights within the 180-day period, the agreement will lapse and no funds will be available.

If the Company elects to drawdown the first US$1.0 million ("First Tranche"), there is a 120-day repayment free window before repayment of the loans over a 20-month period during which Columbus can, at its election, repay at a monthly rate of US$60,255 in cash or by issuing shares at the prevailing market price on each monthly payment date. In the event the Company elects to drawdown the second tranche of US$1.25 million ("Second Tranche"), repayments of the Second Tranche will be over a 20-month period in either cash or equity in a similar manner to the First Tranche, with the monthly cash payment being US$75,319.

Lind has the right to convert the outstanding balance on the Lind Facility to equity at a conversion price of 8.1 pence per share////// There is a lot of confusion about the Lind facility over on jcqswims thread. The 8.1p a share conversion price is only RELEVANT IF LIND ASK TO CONVERT but if CERP ask for cash under the facility it is at MARKET PRICE ON EACH MONTHLY DATE. This is said clearly in the RNS,so it is possible,imo likely,that shares will be issued sooner or later AT MARKET PRICES.

[12bn] 20/8/2018 15:05

xippy20 Aug '18 - 13:51 - 5557 of 5557
0 0 0
Did none of you detractors watch the AGM video. LK said that they would be able to use the vast amounts of water to inject into Goudron. This in itself should in the long run reflect in the increased oil production they will get. And they won't be paying for the water! Seems all you chaps are impatient. Lind may be many things but not stupid and I'd be happy if the co. Borrowed money to only repay conversion at 8.1p a share. Is that not twice the current share price. DYOR////// DYOR,I have but you haven't xippy. If Cerp ask for Lind cash then they get it at market prices not 8.1p a share,see my post 1196. Someone should put this right on jcqswims rampers thread.

[xippy] 20/8/2018 13:51

Did none of you detractors watch the AGM video. LK said that they would be able to use the vast amounts of water to inject into Goudron. This in itself should in the long run reflect in the increased oil production they will get. And they won't be paying for the water! Seems all you chaps are impatient. Lind may be many things but not stupid and I'd be happy if the co. Borrowed money to only repay conversion at 8.1p a share. Is that not twice the current share price. DYOR

[12bn] 20/8/2018 11:32

No-one seems to want to pay 4.25p for shares here,I cannot say that I blame them,that buying spree seems to have finished. Normal downward service to be resumed now?

[arrynillson] 20/8/2018 10:46

12bn - I don't normally post about small changes in share price which seem to inordinately excite you as a non - shareholder 12bn but as you were very concerned for the mms on Friday you'll be relieved to see that major blue this morning!