Columbus Energy Resources Share Discussion Threads

[toploadermike] 18/10/2018 22:25

What's the view on if the US starts an embargo on imports of Oil from the UAE?

Will the price of Oil go up or down? Will CERP benefit or suffer?

What will the world do, how will the substantial nations react?

[arrynillson] 18/10/2018 17:05

SmoggyG - re share price falling to the Placing price - is that your experience since LK took over and placed with II - methinks you've had a monumental memory malfunction!

[nexus7] 18/10/2018 15:22

From Bamps21 Wed 18:19
-------------------------------------
SWP

I did a long post yesterday in response to Irenes question on the SWP , unfortunately it was deleted with the thread.
So from memory here goes
1.- the chance of success for any exploratory well has never been more than 30% for anywhere. To reduce the risk aerial surveys and seismic surveys are used to pinpoint targets and increase the COS. Leo has stated they have employed specialists to put together a drilling plan

2.- the SWP is only 6-7 miles from the Venezuelan coast and lies over the Venezuelan oil basin.
BP, BHP and a Canadian company are drilling close by offshore. There has been only one well drilled in this area down to 14000' into the Herrara sandstone. The drill got stuck and the well didn't produce.

3.- the costs of the well were around $20m by NR. Leo has stated he can get that down to $2-4m

4.- infrastructure- in Icacos the oil is being tankered so as there is no producing wells at the moment I would assume it will be the same.

Profits- there are multiple targets ranging from 20m-400m
Assuming one well produces 100bopd at say $50 netback that's $5000 per day or $1.8m per annum. So 300bopd would pay off the cost of the well in one year anything over this is profit.

Remember there are multiple targets, that's multiple profits

Roll on the SWP :))))))

[smoggyg] 18/10/2018 13:47

Down she goes,it couldn't have anything to do with the 171 million shares just issued at 3.5p could it? Just speculation of course. :)

[smoggyg] 18/10/2018 11:52

Will the share price fall to 3.5p,the placing price? Does night follow day Northpole2? No guesses by you! :)

[northpole2] 18/10/2018 09:28

Smoggy/12bn, your use of the word "guess" says everything. Others make rational decisions based on detailed review. They don't guess. According to the placing RNS, Burggraben went to Trinidad to see CERP's operations for a few days in August with CERP's Board and are now investing in the Placing. They are long-term holders and clearly liked what they saw. They didn't guess. They went, looked, no doubt asked lots of questions and then decided to invest. People who guess are often wrong because that is what it is. Just a guess.

[arrynillson] 18/10/2018 09:21

SmoggyG - I am not an active trader of this share and don't come on here regularly telling people when to buy and sell - you do ( well the sell bit - can't recall the advice to buy! ) - in fact issuing sell advice and achieving gratification at the slightest reduction in share price appears to be what you're about.

If you were making money from that action I could see some point to it but you claim to have no financial interest in deramping this company - perhaps you could explain your agenda.

BTW is it just me that was the idiot for not selling at 7.25p or does that label apply to all the shareholders that didn't sell at that price? - you still haven't explained how people taking your earlier advice to sell out at 2p would have any shares to sell at 7.25p!

[smoggyg] 18/10/2018 07:51

arry,you are so clever,your best move was holding this from 7.25p to here.Idiot. Northpole2,there can be many reasons for buying shares,who knows why PIs and Schroders are buying? I am sticking to my guess that the share price here will fall to the placing price of 3.5p,it happens a lot.

[arrynillson] 17/10/2018 22:22

EggChaser - liking your sense of humour - got to be a ' yoke ' that 12bn is representing anyone as the quality of his deramping is so poor that I don't think anyone takes him seriously - he's even mishandled the change of moniker.

Even the old TIMBERRRrrrrrrrrrrrrrrrrrrrrrrrr trick which can be very effective where there are some genuine concerns about a share has been deployed so often inappropriately that it ceases to resonate - the boy who cried wolf etc!

Many thanks for your interest - the more 12bn says the better it is for me although sometimes I do tire of shooting fish in a barrel!

[mark of the rushes] 17/10/2018 20:57

Is bigmj one of the guys in the presentation video(the big guy)?

[eggchaser] 17/10/2018 20:14

NorthPole I have read some of 12bn posts sorry Smoggy and I can't understand for someone whom claims to be so cleaver why he continues to post about a company he obviously thinks will fail... All that energy wasted with negativity brings me and the chaps here to the conclusion that he/she or it is somehow benefiting from a lower share price which then makes me and the boys wonder who he is representing because he clearly does not have the intellect to be acting alone...The old adage give someone enough rope.... We are watching with interest...

[northpole2] 17/10/2018 17:36

So why has the share price risen to 4.15p at close today Smoggy? Why are people buying? Why have Schroders added another 4m+ by buying in the market over the past few months and will add to that again soon through the placing. Because they believe and are long-term holders. They don't care about historical losses or such things, they're looking for long term value growth. They look at the company, the team and their plans and make reasoned investment decisions. Like Bigmj has done and Burggraben who have deep pockets and have a pretty decent stake in Premier too. Long term investors who believe. Must make you so frustrated.

Must be very hard for you to get your head around that. Other investors who buy the potential of CERP and make rational decisions to back the team. You may not believe but they're not listening to you.

[smoggyg] 17/10/2018 17:24

I would consider buying in AFTER a big fund raising to deep drill arry. I will find the post.//////SmoggyG15 Oct '18 - 12:23 - 5 of 33 Edit
0 0 0
The only chance Cerp has is a deep drill or two in Trinidad. This is unlikely to happen for 18 months or more imo,if ever and the share price will continue to drift ever lower on no news. There may be the odd bit of euphoria on news but the share price drift lower will win in the end. Cerp need to get beyond only making a profit on production and get to the point where they will make a group profit. The best way to do this is to raise cash big time and then do a JV deep drill in the SWP.

[garnhiem80] 17/10/2018 16:50

God knows where the shares came from in the offload.. Steeldrum shares are locked in for at least six months, that’s without accounting for Bigmj’s purchases the week before?

[ride daice] 17/10/2018 16:50

Never mind. I think I've answered my own question..

UK Smaller Companies Fund

AFC Energy
Columbus Energy Resources
ITM Power
Jersey Oil & Gas
Lamprell
President Energy

[ride daice] 17/10/2018 16:47

Does anybody actually know which fund(s) Schroders hold these shares in ? It would be interesting to see that else they have in there.

[carpadium] 17/10/2018 16:45

Correction then, on 25/4 Schroders had 92.2m of 649.2m issued = 14.201%

They now have 96m of 759m in issue = 12.641%

[carpadium] 17/10/2018 16:39

I reckon you're right Garnhiem. The RNS speaks of 759m shares in issue so, must admit I thought they'd jumped the gun re the 71m shares, these aren't taken into account.
Too soon, yet to be passed.

[garnhiem80] 17/10/2018 16:32

Looks as though Schroeder’s have been buying in an attempt to maintain their % holding after the purchase of Steeldrum.

[carpadium] 17/10/2018 16:30

71m extra shares in issue, of which Schroders have only taken less than 4m.

Stands to reason their percentage of the overall 830.8m now to be in issue drops.

[toploadermike] 17/10/2018 16:21

I can't see how that can happen, any ideas?

[carpadium] 17/10/2018 16:19

Note. Even though Schroders holding has changed from 14.2% to 12.64% shares held have increased from 92,191,618 to 96,000,000.

Edit. Must every RNS issued be copied! .. it's all under news.

[toploadermike] 17/10/2018 16:13

RNS News:


Holding in Company

Total voting rights

The Company have received the following TR-1 which is set out below without amendment.

This TR-1 reflects not only purchases since the last TR-1 was issued by Schroders plc on 24 April 2018 but also the increased total voting rights in the Company following the issue of 109,166,209 new ordinary shares pursuant to the acquisition of Steeldrum Oil Company Inc., as announced on 8 October 2018.

In addition, and further to the announcement of 15 October 2018 relating to the conditional placing with new and existing shareholders (to include Schroder Investment Management Limited), should the resolution be passed at the General Meeting on 2 November 2018, and upon completion, the Company's total voting rights will increase to 830,881,192.

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)(i)

1a. Identity of the issuer or the Columbus Energy Resources plc
underlying issuer of existing shares
to which voting rights are attached(ii)
:
----------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights
------------------
An acquisition or disposal of financial instruments
------------------
An event changing the breakdown of voting rights
------------------
Other (please specify)(iii) : (i) Type 1 disclosure as per the Transparency X
Directive II Regulation
(ii) Change in denominator
------------------
3. Details of person subject to the notification obligation(iv)
Name Schroders plc
City and country of registered office London, UK
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name
----------------------------------------------------------
City and country of registered office
(if applicable)
----------------------------------------------------------
5. Date on which the threshold was 08.10.2018
crossed or reached(vi) :
----------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 16.10.2018
----------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer(vii)
of 8. A) (total of 8.B
1 + 8.B 2)
------------------------- ------------------- ----------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 12.641% N/A 12.641% 759,452,621
------------------------- ------------------- ----------------- ------------------
Position of
previous notification
(if
applicable) 14.201% N/A 14.201%
------------------------- ------------------- ----------------- ------------------



8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
GB00BDGJ2R22 96,000,000 12.641%
-------------------- --------------------- -------------------------------------- -----------------------


SUBTOTAL 8. A 96,000,000 12.641%
------------------------------------------- ---------------------------------------------------------------

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date(x) Conversion rights that may rights
instrument Period(xi) be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- -------------------------------------- -----------------------



SUBTOTAL 8. B 1
--------------------- -------------------------------------- -----------------------

B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date(x) Conversion cash voting rights rights
instrument Period (xi) settlement(xii)
--------------------- --------------------- ---------------- --------------------



SUBTOTAL 8.B.2
---------------- --------------------

9. Information in relation to the person subject to the notification obligation
(please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by
any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the (underlying)
issuer(xiii)
Full chain of controlled undertakings through which the voting rights X
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (please add additional
rows as necessary)
Name(xv) % of voting rights % of voting Total of both if
if it equals or rights it equals or is
is higher than the through higher than the
notifiable threshold financial notifiable threshold
instruments if
it
equals or is
higher
than the
notifiable
threshold
------------------------------------------- ---------------- -------------------------------------------
Schroders plc
------------------------------------------- ---------------- -------------------------------------------
Schroder
Administration
Limited
------------------------------------------- ---------------- -------------------------------------------
Schroder
International
Holdings Limited
------------------------------------------- ---------------- -------------------------------------------
Schroder
Investment
Management
Limited 12.641% N/A 12.641%
------------------------------------------- ---------------- -------------------------------------------

10. In case of proxy voting, please identify:
Name of the proxy holder
-------------------------------------------------------------
The number and % of voting rights held
-------------------------------------------------------------
The date until which the voting rights
will be held
-------------------------------------------------------------

11. Additional information(xvi)




Place of completion London
Date of completion 16.10.2018
-----------


Enquiries:

Columbus Energy Resources Plc [phone]
Leo Koot / Gordon Stein

Beaumont Cornish Limited [phone]
Nomad and Joint Broker
Roland Cornish / Rosalind Hill
Abrahams

VSA Capital [phone]
Joint Broker
Andrew Monk / Andrew Raca/ Justin
McKeegan

Camarco [phone]
Public and Investor Relations
Georgia Edmonds / James Crothers
/ Billy Clegg


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

HOLMRBITMBIBBLP

(END) Dow Jones Newswires

October 17, 2018 10:55 ET (14:55 GMT)

[toploadermike] 17/10/2018 15:12

So they say, shame the MM's don't know that!