Columbus Energy Resources Share Discussion Threads

[toploadermike] 13/10/2018 19:55

Just to add to the above and to make things clear, I have multiple investments in mining, O&G and other natural resource companies, my uncle was a Director at Rio Tinto Zinc, so I do have real interest in the industry as a whole and when I see a company setting such strong foundations, I would be complacent not to show investor support. As I said before, if I see them going in the wrong direction I will be off like a Jack Rabbit and I'll have (not a second delay) in making my view public.

I'm confident they are going in the right direction and I wish the whole team well in their journey.

ATB
TL

[h van der h] 13/10/2018 19:53

More anticipating what could be, I for one am glad Goudron is potentially being put towards the back of the que as far as capex goes, as I have expressed several times on lse.. That field has consumed far too much of our cash and needs to show some reward before any future spending is diverted in that direction, imo . maintain it yes, but new money needs to go where it gives best returns... Interesting those more than 12 SWP good prospects are attracting outside companies attention.. farmout on the cards?

[toploadermike] 13/10/2018 19:20

rogsim,

Understood and although I didn't attend I was very careful to watch the presentation again and again and although Goudron has not yet delivered as wished, it doesn't in anyway mean that it won't and the thing that I was more impressed with is that LK had enough sense to park that for a while and invest raw cash in areas of potential higher return and I would guess that when the company is more cash liquid, they will readdress Goudron, even if it is with less % return pbo. That in my view is very sensible.

If anyone who reads this board or any board decides to invest on that basis,they are not sensible investors in my view, everyone should do their own research before investing.

One thing I would say is that I've just seen there may well be a buyout in another stock bci minerals, just for everyone's knowledge.

[rogsim] 13/10/2018 19:04

Recent posts have shown a sense of euphoria about the future of CERP. All of us invested here have a sense of optimism about the company, but potential new investors reading this bulletin board may feel that CERP is a “sure thing”, when there are several risks. Like Offerman (and so many thanks for your report), I attended the reception on Wednesday and was impressed with Mr Koot’s presentation and general approach to all those present. However, his love of “positive energy” did shine through and his talk of a major acquisition was batted down the road by Mr Stein. Sometimes, the brakes need to be applied.

The Goudron programme has not been as successful as was hoped, although there may be considerably improved performance after waterflood. Who knows? Who knows what the future of oil exploration/production is to be in Trinidad?

Having aired this caution, I have added to my holding.

[toploadermike] 13/10/2018 18:55

Ed,

I've had some "sentiment" feedback from my contacts and the "sentiment" is cautiously positive to interestingly positive. Might see some others coming on board next week while prices are low as they are.

ATB
TL

[toploadermike] 13/10/2018 18:40

h van der h,

Great post and very true with many others out there seeing company's they have invested in just blowing their monies and chances through bad choices and bad management. As others have said CERP are building their foundations, acquiring valuable assets in a cost effective and controllable conditioned way. The day I see them starting to borrow unnecessary monies in order to take unnecessary risks I will be off like a jack rabbit being chased by a horny Donald Trump.

Sorry to implant that thought.... :)

I have a lot of other investments that are similar to txp and these are the companies I'm liquidating from my portfolio and even at a loss in order to top up with CERP, I have no problem taking a loss on some smaller stocks that have less potential when I feel stocks like CERP are going to be a much bigger return over time, even if I do trim down on holdings over time, especially after low market ebbs. Naturally finding that balance is always difficult as when I invest I do take it personally with the stock I invest in (when I'm investing short to med or long) and I still do invest on day trading in order to pump up the spare funds but these I'm sticking in for a while.

Great opportunity for those interested in building something special IMHO.

[h van der h] 13/10/2018 18:08

For me Cerp are on a totally different journey to both txp and trin for that matter..we are growing the company and increasing asset numbers along the way to create a monster company, and at the same time keeping any debt affordable and repayable by company cash flow .. yes the day traders are not able to make their electric bill money from us atm hence the desperate negative stance we have to constantly endure.. but who cares, a presentation like that underlines the foundations being laid and future ambitions of the management, and LK made it perfectly clear from the offset all this is for the lth’ers of the company.. the only downside is obviously everyone has their that’s it time to leave point which is entirely their prerogative ..

[toploadermike] 13/10/2018 17:15

Thanks offerman and likewise to you and all the other posters on here, Isn't it nice that "like minded" investors can have sensible discussions about any positives and negatives regarding their investments and where they think they are going.

I started to liquidate other assets on Friday in order to get more of these as I also feel very comfortable in the Management and their aspirations, and one thing I don't think anyone has mentioned yet and that's when LK isn't sure of the answer he doesn't try to weasel out an answer that he thinks the investors want to hear, he's honest with his answers and if he doesn't know he says he doesn't know. That to me is very honourable and a very rare trait in the business world and gives me more confidence in the Managements intentions to look after their shareholders and we must always remember that Schroders don't take any prisoners, they will never invest where they feel the risk is too great. The whole thing smells of money and success IMHO so I am glad I managed to get in when I did and I'm too doing my best to fill my boots!! :)

[offerman] 13/10/2018 15:59

Thanks H van der hGreat post as usual , I didn't know that about TXP so a brilliant comparison , shows the real value of the Steeldrum deal and that's without the planned rejuvenation's which no doubt will provide bopd increases too. Despite the share price so low I have never felt more positive about the company where we are, what's been achieved so far and where we are going . These low values are just perfect opportunities to top up . Only short term traders are the concerned ones. Long term it's a steel at these levels. I sold a few pvr that I bought at 11p as profits a profit ( quite rare for me ) and bought only another 52k @ 3.79 I'm hoping to get some more Monday too . Maybe another 100k -alot for me , but what goes on now I see doubling of even tripling by this time next year. Will put me on 1.3m heck of a lot for me but I'm that confident in the team . More deals to come ( small and potential large) .

[h van der h] 13/10/2018 15:41

Goudron and TI are IPSC.. The rest are more conventional leases but some discussions ongoing ref contracts to sell oil to petrotrin, with a view to selling into the market directly as and when agreements expire, SWP is free to be sold into market upon exploration.. hope that helps.

Just as a side point txp have spent $11m so far JUST on the cost of drilling wells, without adding in all the associated costs since Q3 2017 and if you do a Q3 yr on yr comparison it has only gained them 300bopd to average production..
That makes Steeldrum a bargain..

[offerman] 13/10/2018 15:37

Nice post Mike, good to hear the sentiment about the markets run is not yet over.

[offerman] 13/10/2018 15:36

Hi TGGreat to hear from you. Thank you for the kind words and I completely understand your situation as well. I have shared your frustrations of the past too. And that's fair enough about selling out half at least you still hold half and that could potentially turn into a significant amount in itself . Everyone has different strategies and some of that is based on peoples ages as well I don't know if in that situation I would be feeling exactly the same as well. We don't all have forever and of course becomes shorter the older we get the chances to make money. Thanks again though for your kind words. And wish you all the best too my friend.

[edgar222] 13/10/2018 15:05

Dont think I can be definitive on all licences.

But Goudron is IPSC and SWP is market price. Ref is LK video presentation this week.

[perfect pete] 13/10/2018 13:41

Would someone be kind enough to confirm which licenses are covered by an IPSC and which areas we get market price for oil sold?Cheers

[edgar222] 13/10/2018 13:31

CERP is, I think, one of those stories that will attract different investors of different ages and with different timescales.I see CERP as a fantastic investment on a 3 plus year view. I think I have 2 others that are similar but at different parts of the production growth cycle. HUR and IOG are the other 2. All 3 are building something very large for the future. CERP is different in the sense that it has much more of an exploration wildcard than the others. But I love the way LK and team are strategising and planning. Underpinning that wildcard with actual cashflow is very exciting.All 3 are going to form a large part of my SIPP planning. I already own a fair chunk of all and I want more. Of the 3 CERP is the cheapest right now. Utter bargain.Very excited to be part of the CERP journey.

[toploadermike] 13/10/2018 12:35

The below is my view and is not investment advice in anyway shape of form.

I Was watching CNBC last night and there were quite a few debates on the market levels and the cause, and in general the sentiment was that the "bull market" isn't yet finished and there is an expectation that the recent downturn "readjustment" was induced by speculation and concern and both of which are not true grounds for "readjustment". Without dribbling off all the facts and figures my interpretation was that they were saying markets are likely to start a rebound trajectory next week, which if true is very good news for me as I topped up again and again. although I'm a medium to long term investor it's great to see blue rather than red, even if it's a small blue movement on a weekly basis :)

I watched the meeting and I agree with all that has been said, confidence from LK will come in time and as the company grows and becomes stronger. They are "drilling" in the foundations of the company at the moment and as a company owner I can see exactly where they are in the process, I'm impressed with what they have achieved in such a short space of time. Well done all there at CERP, including all the newly on boarded people. I'll probably go to the next meeting too.

[the guardian] 13/10/2018 11:59

offerman, I have been very busy for the past few days and so would like to take the opportunity to thank you for your kind coverage of the meeting.

Having looked at the presentation, there is no doubt that CERP will be a prosperous company at some time in the future.

Exactly when that will be is the big question because like it or not, the share price of oil companies rise on the basis of production and proven reserves and despite growing the assets, it appears that a significant growth in production is still some way ahead.

I admit to more than halving my holding because for me (and I know that everyone will see it differently), the rewards seem to be too far away, certainly to meet my financial targets.

Anyway, you're a young fella and can wait, so I hope that your major investment comes good for you. I find it difficult to be as enthusiastic as many of the posters on here but I will be hanging on to my remaining shares until the next quarterly update and I will make a further decision on my investment then.

Good luck my friend.

[edgar222] 12/10/2018 22:40

A true embarrassment of riches for CERP at the moment.

Emphasis on waterflood. "Told you to Judge me by how much water I pump in because that's how much oil comes out...." 79k barrels of water in 3 months.

Institutions buying.

Glad I topped up on the dip this week.

Very exciting future.

[toploadermike] 12/10/2018 20:34

All looking great...

[carpadium] 12/10/2018 18:29

imo ranks as the best presentation yet, it's a 'confidence build' for 2019 . . . . which is nearly upon us!

[jcgswims] 12/10/2018 18:01

From bigmj

RE: Rns Today 17:39
Meeting was a few days ago, LK continues to impress me and I would be happy to continue to back the company under his leadership, CERP has been more problematic than he expected but we are out the worst of it and now ready to see what he can do

[tmmalik] 12/10/2018 17:45

Doesn't show both companies sell or buy

[carpadium] 12/10/2018 17:37

Many thanks.

Is that RNS notification of Steeldrum's partial base consideration share sale (entitled to sell 10% on deal completion, ie potential total 9m)? Could explain a lot re current share price performance.

Edit. No it's not, silly me. It's purely notification of their holdings post deal.