Columbus Energy Resources Share Discussion Threads

[toploadermike] 24/10/2018 12:45

Spread widens dramatically as market changes direction upward again!!!!! Not investment advice.

[toploadermike] 24/10/2018 11:23

Thanks Ed and great thoughts there, and when put into perspective that's huge potential isn't it. Even with the fact you have allowed a wide variance on the numbers even at the lower end that's still a massive upturn in production. One thing is that whatever happens else where in the world I really can't see a substantial drop in prices per barrel so from a security of revenue point of view it's pretty solid. That all does depend on 2 things for sure and that's the stuff being there and being able to retrieve it and I think that the recent changes LK and the team have made certainly puts CERP in a much more stable position, less risk more reward as they say.

ATB
TL

[edgein] 24/10/2018 10:51

Offerman,

I would imagine that its like most other acquistions in that it will have an effective date if/when they use the option to buy our 50% of TI, that's only after they've met all of their obligations under the contract with SD. I've not looked closely at that for minimum spend etc. But their plans in that presentation will cover that easily. It'll be interesting to see the impact of the workovers and injection this Q and next. Its large numbers, 3,000-7,000bopd but from 12 injectors and 42 producers its fairly modest average production per enhanced well. I make it 71-166bopd per well at peak production. But that's pretty much 1,500bopd-3,500bopd if they get there, net to CERP. Impressive at half that.

Toploader, who knows with market sentiment, but given the modest cap and current T&T assets it looks like a compelling buy at the moment. I've lots of these from much lower prices but I had a small topup just above 4p and am quite happy to wait, I might add some more at some point but happy with my lot for now. Great value at the moment, 750-800bopd, 17mmbbls 2P, another acquisition could happen at any time, funded for waterflood and gas injection courtesy of Predator to start before year end too. 1000bopd is looking very possible by year end, if predator get their way 1500-2000bopd for CERP could be very possible early-mid next year. That's of course if they don't seal the robust deal with the state oil company referenced in the recent presenation or the transformative green deal.

Regards,
Ed.

[arrynillson] 24/10/2018 09:59

SmoggyG/12bn - I noticed in the Predator presentation that frost had formed on the pipework - just wondered if you’d thought about the system for dealing with all the hot air/bullshyte you produce!

[offerman] 24/10/2018 09:24

Good to see tighter spread today than has been for some time

[offerman] 24/10/2018 09:22

Thanks JCG Morning Ed,Am I right in thinking that should predator choose to pay us 4.5 million that they will also have to pay for 50% production up until point of sale ?

[toploadermike] 24/10/2018 09:00

Any views on if the share price has now reached it's bottom? My analysis says it has, but I'm no expert, just looks like the curve is likely to start upward now.

ATB
TL

[arrynillson] 24/10/2018 08:38

Jcgswims - many thanks for the Predator presentation - excellent detail - refreshing to see clear time scales without caveat about border control/ backstop/second vote LOL!

[edgein] 24/10/2018 08:21

jcg,

Thanks for that, interesting presentation. Activity about to kick off on TI in November then with initial workovers and setting up the C02 injection for early next year. That's a very ambitious chart for year 1 production based on OIP volumes and 12 injector wells. If they hit either of those targets I could see them raising that $4.2m and buying CERP out. They may as well think big at this stage, I hope the gas injection is even half as effective as their predictions as LK will be laughing all the way to the bank, either through the increased revenues or a large pay-off making the Steeldrum reserves some of the cheapest I've ever seen. Also would mean early SWP drilling.

Regards,
Ed.

[jcgswims] 24/10/2018 07:35

Trinity Inniss CO2 info from Predator presentation

[offerman] 24/10/2018 07:32

Cheers Carp, It most definitely is that time .I'm so confident everything is going to turn out really well. Hic ups along the way like we have already had but that is the nature of any company Life in general. We are heading in the right direction look what's been achieved so far. We are yet to see the full potential of our three deals including the latest steel drum . The improvements will filter through we will have extra BOPD from 18 more wells from Goudron adding to the amounts in due course. Stimulation and rejuvenation will be spread across our new acreage.

[toploadermike] 24/10/2018 07:18

10% increase in price pbo by Feb?

[the guardian] 24/10/2018 06:45

US inventories have increased by 10 million barrels just prior to the mid term elections. Draw your own conclusions.

[toploadermike] 23/10/2018 22:02

Less than .3 points upward and I'm in positive ground, if the market doesn't crash I'm looking good by mid Dec is my opinion, for what it's worth.... :)

[carpadium] 23/10/2018 21:27

Cheers offer, rather like you I'm all in with CERP, it's truly toilet time or bust with this one. Time, patience, performance. Confident of outcome. ATB

[offerman] 23/10/2018 20:15

And bang on about pundits .I just don't bother listening or watching anything on Bloomberg , all seems a scam onnthere anyway analysts pundits a right crock if you ask me . They'll often say but behind the scenes they'll prob do the opposite . Reminds me of Mirror tipster that I think got done for loading up himself beofre a tip then bailing on the rise out after publication to buy

[offerman] 23/10/2018 20:04

Brilliant post Carp, well said like a Pro and couldn't agree more about AIM !! Definitely not old and cynical just telling it how it is . Absoloutely agree about M$A as that will indeed be the next level for us most likely before the deepening of wells spring next year or sooner.

[toploadermike] 23/10/2018 16:31

& another 100000 sale today.....

[toploadermike] 23/10/2018 15:14

Just bought another £1K & 3.8

[smoggyg] 23/10/2018 14:25

-0.20 -5.0% 3.80 3.70 3.90 4.00 3.80 4.00 543,564 13:20:23///// Oh dear,3.9p to buy and no-one is interested. Bid is at 3.7p so my 3.5p gets ever nearer. 171m shares will do the damage here but at what price will be the next dilution,3p or less? :)

[toploadermike] 23/10/2018 11:42

I had an idea there was going to be some change coming, now that could be very interesting to say the least!!!

[nexus7] 23/10/2018 09:59

This Alliance Could Mark A New Era For Oil

Saudi Arabia and Russia could formalize a strategic partnership that would last indefinitely, potentially marking a new era for the oil market.

In a wide-ranging interview with TASS, Saudi oil minister Khalid al-Falih said that he hopes to setup an official OPEC+ governing body, including a Secretariat, likely to be based in Vienna. The proposal could be finished by December...

[smoggyg] 23/10/2018 08:11

I feel a TIMBERRRRRRRRRRRRRRRRRRrrrrrrrrrrrrrrr coming on here. I wonder why? Could it be the 171m share overhang at work? 3.5p, here comes Cerp,imo.

[smoggyg] 22/10/2018 13:42

SmoggyG22 Oct '18 - 09:46 - 50 of 57 Edit
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Could you post up the posts that prove the above statements that 12bn said arry, 1. LK wouldn't make any difference.2. LK wouldn't be able to increase production at Goudron. 3.That he wouldn't be able to attract Institutional investors. I cannot find the relevant discussions but I note that you do tend to make things up and then think that they are real,a bit of a sicko.////// Go on arry substantiate your claims! Idiot.