Columbus Energy Resources Share Discussion Threads

[arrynillson] 12/11/2018 18:50

SmoggyG/12bn - as you profess to have no financial interest in CERP I'm a bit surprised when you get a semi-on over a 1% decline in the share price yet an 8% rise merits no comment - just saying 12bn!

[toploadermike] 12/11/2018 15:35

Excellent..

[chutes01] 12/11/2018 15:34

still a persistent seller, hopefully cleared in coming days, see over 5p eoy.

[jcgswims] 12/11/2018 15:08

If you register on the VSA website, the full and more detailed note is on there to download

[nexus7] 12/11/2018 14:53

From bigdouble Today 12:46
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VSA

Acquisition and Fundraise

Having recently completed a £2.5m fundraise and closed the Steeldrum acquisition, Columbus Energy Resources (CERP LN) has diversified its production base setting the company up for a strong 2019F where CERP will begin to test the full potential of the South West Peninsula. The acquisition brings immediate production along with upside potential from low cost optimisation as well as new drilling. The shares have been range bound recently, however, we believe that CERP now has a stronger platform for achieving its combined organic and acquisitive growth strategy which will deliver the expected rerating, in our view.

Q3 2018 Update; Focus on Profitable Barrels

The acquisition of Steeldrum resulted in a 33% QoQ increase in production to 735bopd alongside the continued ramp up at Goudron. Although the Goudron ramp up has been slower than expected we highlight that CERP have been prioritising adding profitable barrels which provide a stable footing for cash flow generation over the longer term rather than the short termism approach of chasing production targets at the expense of cash resources. We expect CERP to reach its 1,000bopd in 2018 and the ramp up to continue averaging 1,300bopd through 2019F.

Steeldrum Completed

Completion of the Steeldrum acquisition diversifies CERP’s production base with immediate additional production of 200-250bopd with near term upside potential, including new production from the Snowcap well in the Cory Moruga field during Q4 2018. With 2P reserves of 5.6mmbbl the implied all share transaction is valued at just U$1/bbl highlighting Leo Koot’s deal making credentials which bodes well for the planned growth strategy. Additionally, through a subsidiary of Steeldrum, which will be carved out of the transaction, means that CERP will have preferential access to two drill rigs suitable for the SWP exploration programme now intended to commence in mid-2019.

Recommendation and Target Price

We have adjusted our risked valuation in order to reflect the impact of increased share capital from the Steeldrum acquisition and the recent fundraise. Our earnings estimates are updated to reflect the acquisition and updated timeline for SWP development and we remain convinced of the considerable upside potential in the shares with production growth and drilling upcoming in the next period.

We reiterate our Buy recommendation although adjust our target price to 21.4p.

[ccr1958] 12/11/2018 10:30

Yes nice few buys , if the seller has gone we should start moving up a tad and staying up ! Need some meaty volume .

[toploadermike] 12/11/2018 10:26

Looks like the smart people are getting in again..

[nexus7] 11/11/2018 20:02

Saudi Arabia to Cut Oil Exports Amid Signs of New Surplus

► Joint Ministerial Monitoring Committee meets Sunday for talks
► Brent futures fell almost 4% last week, WTI lost around 5%



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OPEC+ Weighs Output Cut as Threat of New Surplus Sinks Prices

[toploadermike] 11/11/2018 19:58

Nexus,

Lets focus on getting the black stuff out the ground :)

ATB
TL

[nexus7] 11/11/2018 19:24

TL,
I agree with you.
No more loses, bye, bye Spain.

[toploadermike] 11/11/2018 16:30

Get the hell out of spain and count yourselves lucky, any EU option should be avoided at all cost is my take. With what we have, we should focus on results and not waste time, effort and monies on trying to battle something that will never benefit. Lost causes are called that because they are lost! The political regime inside the EU is never going to be beneficial to the nature of Oil prospecting or extraction over and above other non EU countries for many reasons.Don't take offense on the above please, it's my opinion and I'm glad we are out of spain, I just hope the Board don't make a silly mistake and start a legal battle which they will not win, IMHO.....

ATB
TL

[nexus7] 11/11/2018 16:00

SPAIN

...
The Government orders its dismantling
The company Columbus Energy Resources has been the last to have been in charge of this exploitation, and it has been waiting for a renewal of the contest for more than a year. The PP was delaying the renewal and with the arrival of the PSOE to the Government, the illusions of this company have completely vanished. The Ministry of Energy has notified them that they have to definitively dismantle the facilities because there will be no new tender.

The company has indicated to the London exchange, where it is quoted, that "it expected the Spanish government to tender the La Lora concession and, in fact, it has been waiting for that process to begin since January 2017. The Spanish government has not given the reasons to decide not to do it ".
Columbus does not rule out taking legal action against the Executive of Pedro Sánchez. "The company will consider its options regarding the decision," he warns. The CEO of Columbus, Leo Koot, was "disappointed" because "we were led to believe that a new tender would be submitted before the end of 2018." ..

[nexus7] 11/11/2018 10:53

U.S. Shale Is Entering A Post-Expansionary Phase
By Ross McCracken - Nov 09, 2018, 1:00 PM CST

US shale oil production has surged this year, underlining the short-cycle nature of the resource, but what goes up can come down. Shale oil production is much more responsive to price than the majority of conventional drilling and there are early indicators that recent output gains are already topping out...

[the guardian] 10/11/2018 09:25

My guess is that OPEC would like to see $100 crude but they dare not upset Trumpton because he will throw a hissy fit.

[nexus7] 10/11/2018 08:33

Oil's Rapid Run of Declines Kicks Up Pressure as OPEC Gathers
By Jessica Summers

► U.S. benchmark’s tumble persists after entering bear market
► Investors are focusing on OPEC meet this weekend in Abu Dhabi

[dafrog] 10/11/2018 08:09

Thanks Nexus.

[nexus7] 09/11/2018 19:53

From Chesh Today 16:22
------------------------------------
RE: Bigmj

More clout than our Ross.............? I really don't know!

"Mr Joseph, aged 47, is a highly successful entrepreneur and Managing Director of Right Choice Insurance Brokers Limited ("RCIB") - a company he founded that commenced trading in 2008 and has grown year on year, now employing more than 300 people, and in its last full financial year ending 31 December 2017, had turnover of over £26m generating in excess of £9m in earnings before tax for the 12-month period. "

All the best (I'll you decide :)

[arrynillson] 09/11/2018 18:13

SmoggyG - more likely scenario is you pooped your pants when the 0.13 Placing arrived on KOD - that's why you were relieved to unload at circa 0.18 ( because you didn't have confidence it would go higher) - I have to rely on the Shyte you post for trading evidence - only later on did you claim to sell at a higher price - anyone can say stuff after the event! It's on here about selling CERP at 2p for that shocking trade - you are a disgrace 12bn - still wish you good luck with MRS - just be aware of your limitations 12bn!

[toploadermike] 09/11/2018 16:25

John, Penny just dropped :)

[smoggyg] 09/11/2018 16:23

Lind issued monthly with millions of 4.5p shares SELL at 7,25p!////// Sound advice. :)

[smoggyg] 09/11/2018 16:19

arry,I was buying Kod all the way down to 0.13p and I sold around 0.26p,I made a lot of money out of Kod,which is better than holding this dog from 7.25p to 3.5p bid. The truth is out there,you just have to look at 12bns posts. You are a bit of an idiot you know. :)