Columbus Energy Resources Share Discussion Threads

[the guardian] 24/11/2018 16:18

Good one Carpadium.

[carpadium] 24/11/2018 10:10

A small ray of sunshine ...

[nexus7] 24/11/2018 09:46

As Oil Plunges, the Real OPEC Meeting Will Be at Next Week's G20

► Saudi, Russian oil ministers said to plan trip to Buenos Aires
► G20 summit may decide direction of OPEC’s meeting in December

For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule.

The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key decision makers are set to gather on the sidelines of the G20 summit in Buenos Aires in a meeting that may well decide the direction of oil prices in 2019...

[offerman] 24/11/2018 09:27

Totally agree Ed, let's see what comes of the SN deal if that's to be it. SD was a good deal and with extra 5 2p so all in all about 17Booked. Use of rig and some good assets to work on recently and through 2019. Plus potential much large fields to infill rejuvenate, and maybe on a different type ipsc elsewhere to reduce cap exposure offsetting entry point but witn linger term benefits once the oil flows increase and maybe incorporate extra exploration no doubt within any new deal. Ed , can I ask was it you that owned either 4or 8 million shares. There is a great list by my friend Peter being compiled and so far totalling 290m shares in sticky hands .

[toploadermike] 23/11/2018 22:51

Thanks Jaffa14,

I think we are all going to have a nice surprise before Xmas :) regardless of the EOY results (just a feeling :)) but thanks again for confirming the dates. Much appreciated..

ATB
TL

[jaffa14] 23/11/2018 22:29

toploadermike

Previous interims 27th Sept. Expect next results end of December early January. Unless LK gives us an early Xmas present. ;-)

[toploadermike] 23/11/2018 18:45

TG,

That's not a bad thing IF the shares go to existing institutional investors especially where company assets and or options increase as a result of the acquisition. I'm also in favour of existing OM investors such as us having options on new shares but I dislike offerings that go out to the OM as I have said before, this creates dilution and draws day traders to destroy the true share value and ultimately the company brand. I would guess that is a reason historically why we are where we are now with the SP?

As a business owner though and again, as I have said before I would prefer CERP to get a good business loan to cover any acquisitions.. IMHO

ATB
TL.

[arrynillson] 23/11/2018 17:19

SmoggyG - FACTS are you were telling people here to buy KOD because the Chinese had bought at 0.38 - after your advice Chinese bought in again at 0.13 as for your dealings you claimed to have sold at 0.18 when there was a brief rise ( probably pooping yourself at your losses but happy not to have lost everything!).

FACTS are you were happy to buy into a loss maker because you believed it would come good - I believe most CERP investors feel that way about CERP and can see how LK can achieve it - that you don't believe it is not important as you are known to be a misleading ignorant dinosaur and I'm happy to regularly mention that to readers here.

You still haven't explained why you post on a company you claim to have no financial interest in 12bn.

[northpole2] 23/11/2018 16:44

One thing you ignore when you quote the "facts" about CERP's "losses" Smoggy is that the P&L numbers you quote for the first half of 2018 included around £1.1m of amortisation and depreciation charges as well as share based payment costs (450 = 375 + 248). These are just book accounting entries which are not cash payments and management have little or no control of those accounting charges. Indeed the depreciation relates to the book-keeping write-down of capex incurred many years ago (long before current management took over) and share based payments relates to accounting entries for share options using a methodology which is required under international accounting rules. So when you continually quote that CERP loses £2m each half year you are talking in pure accounting terms. The cash spend is significantly lower and the one-off costs in Spain relating to the staff redundancies (done to reduce the cash burn in future periods) in the first half of 2018 hurt CERP in the short-term. Now those are FACTS.


Or are you unable to work these facts out? The market is looking for capital growth over time and CERP is chasing that, not watching the P&L and necessary accounting entries.

[the guardian] 23/11/2018 15:42

Edgein23 Nov '18 - 11:33 - 6353 of 6358

Just to put your words into perspective, any acquisition will cost less but will require a proportional increase in the number of shares issued to make any purchase due to the fall in the share price of Columbus Energy.

Please remove the tints.

[arrynillson] 23/11/2018 14:59

SmoggyG - average production growing daily which means more revenue - production will transform this company - you seemed to be able to appreciate the concept of investing in KOD a huge loss maker because you thought it would ultimately make profit and I didn't see you carping about the Placing there - seems like hypocrisy to me 12bn.

At least you claimed to have KOD shares - here you are exciting yourself about a company you claim to have no financial interest in - mad or bad 12bn?

[smoggyg] 23/11/2018 14:37

For the 6 month Period ending 30 June 2018

FINANCIAL

-- Revenue for period of GBP3,615,000 (1H 2017 GBP2,460,000), an increase of 47%
-- Gross profit for period was a profit of GBP429,000 (1H 2017 a loss of GBP42,000)
-- Pre-tax group loss for period of GBP2,465,000 (1H 2017 loss of GBP1,964,000), the increase being mainly due to exceptional costs in Spain/////// This is FACTS arry. Cerp loses over £4m per year. Note the wording in these results 'the INCREASE being MAINLY due to exceptional costs in Spain'. This means that some of the INCREASE was not due to Spain and the bulk of the loss was running costs. £1.964m was a six monthly loss in 2017,which is nearly £4m a year! So that is the fact,Cerp loses around £4m a year even without exceptional one off loses from Spain. That is the FACT that causes Cerp to issue shares for cash on a regular basis.

[arrynillson] 23/11/2018 14:23

SmoggyG - you concern yourself a tad too much with short term share price movement - although you've not explained how it benefits you or gives pleasure!

Having said CERP would struggle to increase production I can see that if you can't move on from that you might think they will never be able to make a profit - as I said before - never let the facts get in the way of a ( not very ) good story!

[toploadermike] 23/11/2018 13:39

This is not investment advice.

I'm going to stick my neck on the block here but my graphs are telling me this is reaching it's bottom level, which is where I set my red line of .3.

Tough times in the markets with Brexit and the uncertainty created as a result. Low Oil prices with a glut on the OM. Xmas (slow time of year) also approaching fast. Can't see them dropping much more due to issue price and value added strategy set by the MT.

Recent successful acquisition adding more retrievable product with lower risk ratio. Cash in bank with market conditions good for future acquisitions!!!

Value for money production ethics seem to have been implanted into the MT which should help on maximising returns on %bopd.

Excited MT taking pay in shares at much higher SP, nearly double the price of today's bid so, driven to get the price back to that at least.

Still sticking to my .3 though, if it hits that I'm out. If it doesn't go down to that before Xmas I'm topping up another £20K when back from Punta Cana.

ATB
TL

[smoggyg] 23/11/2018 13:22

arry, get your head back in the sand,this share has been falling from 7.25p but I am sure that your friends on jcqswims thread will agree that you have been a shrewd investor. Most of Cerps losses are due to running costs which have kept the losses at around £4m per year for years. If anyone is crazy it is you and your pals who keep holding this dog as it falls and falls. When the share price goes below 3p a share you can all congratulate yourselves on your wisdom! PMSL :)

[toploadermike] 23/11/2018 13:20

Sounds good to me :)

Was doing a bit of additional research and came across this on Proactiveinvestors.co.uk. I can't see Schroders or the other new major investor (name forgotten) but that's quite some major investors (if data is accurate and still relevant).


Significant Shareholder

% of Issued Capital


Chase Nominees Limited (ELUCIT) 14.41%
Barclays Direct Investing Nominees Limited (Client 1) 9.09%
Interactive Investor Services Nominees Limited (SMKTNOMS) 7.84%
Hargreaves Lansdown (Nominees) Limited (15942) 6.97%
Hargreaves Lansdown (Nominees) Limited (HLNOM) 6.37%
Interactive Investor Services Nominees Limited (SMKTISAS) 4.30%
HSDL Nominees Limited 4.28%
HSDL Nominees Limited (MAXI) 4.01%
Hargreaves Lansdown (Nominees) Limited (VRA) 3.95%
Total Significant Holders 61.22%

ATB
TL

[arrynillson] 23/11/2018 12:52

toploader - complete speculation but Maroon has historic significance in Suriname.

[toploadermike] 23/11/2018 12:44

Maybe one of those is an acquisition....

Also, sorry for being lazy but when are the EOY results due, do you know?

ATB
TL

[toploadermike] 23/11/2018 12:02

That's very true Ed and do we know what all the different coloured projects were that LK spoke about?

ATB
TL

[edgein] 23/11/2018 11:33

Don't forget fellas that while the drop in oil price is negative for production, its a big +ve when negotiating acquisitions. A south american deal will be less expensive at $50 WTI than at $80 WTI. Its certainly not all about production and drilling with CERP with talks ongoing in Colombia and Suriname.

Regards,
Ed.

[arrynillson] 23/11/2018 11:23

Toploader - 12bn is a case study for me in buffoonery - he decided to filter me for ages thinking that would deter me from responding to his tosh but he couldn't even get that right as he peeked at my posts. Change of moniker didn't fool anyone!

Not sure if he's mad or bad!

[toploadermike] 23/11/2018 11:10

Arry,

I love looking at that other thread whenever I need cheering up, quite laughable how 12bn carry's on with the same old lines from his book's of "why not to invest". Quite ironic on an investment thread...

I admire your patience, you must have been a doctor in a previous life.

LOL

ATB
TL

[arrynillson] 23/11/2018 10:50

SmoggyG/12bn - thanks for emphasising my point regarding future profitability - they won't always be forking out for Spain ( keep up with the news 12bn! ) and production is steadily growing - don't let facts get in the way of a (not very)good story!

[arrynillson] 23/11/2018 10:41

livinginhope - glad to be of assistance - refreshing to deal with posters who appreciate my information - SmoggyG/12bn is still a work in progress over on the 'nutters thread'!

I'm quite comforted by those IPSC figs because at lower levels of WTI CERP are less affected but in the future if the SWP plays out this company may be more sensitive to WTI.

Now that the Goudron production is quite healthy extra barrels are very worthwhile, having regard to the formula, but you can appreciate why Steeldrum needed to take action to up production as the IPSC at low volume is of highly questionable viability!