Columbus Energy Resources Share Discussion Threads

[offerman] 02/1/2019 16:29

Another day of many oilers rising again on my monitor list. The longer we stay down while others are rising then any good news we will rise nicely with that sentiment coupled with a further boost of news if good. I.e wf, targets reached 1000 or surpassed maybe to 1040 bopd M&A , Snowcap etc stimulations

[arrynillson] 02/1/2019 14:22

12bn - presumably you posted on the wrong board - it’s MRS who were down to the last £50k highlighted in your own postings and they used staff wages as an excuse - perhaps management should have persuaded staff to defer wages until after the year end!

[12bn] 02/1/2019 13:39

My guess is we will hear of more shares issued here soon to pay suppliers/raise funds for survival.

[arrynillson] 02/1/2019 12:48

SmoggyG/12bn - lying again - I never recommended buying at 7.25p I merely told you I was comfortable holding my position and declined your advice to sell in the 2s buy KODswallop, lose massively there then rinse and repeat with MRS - riches to rags in months 12bn - you should be ashamed!

[12bn] 02/1/2019 12:39

'arry knows best',pity I didn't listen to him and buy at 7.25p. I just suggested that was the time to sell,silly me. I have arry filtered now,what will I do without his pearls of wisdom? :)

[arrynillson] 02/1/2019 12:02

SmoggyG/12bn - you'll be devastated to know you've made the same schoolboy error as rossannan about netbacks - full explanation by in4cedros over on LSE but keeping it simple for you there are 3 pay rates under the IPSC and once CERP produce over 151 bopd they are on the higher rate. The $5.69 figure comes from a period where Goudron was producing at 327 bopd - i know you thought CERP couldn't increase production but you were wrong on that when you said it and last Q figures just increase your embarrassment ( clue doubling?).

[12bn] 02/1/2019 07:33

Northpole231 Dec '18 - 16:53 - 341 of 341
0 0 0
Oh dear! Smoggy, you really are rather thick aren't you? You said. "This is the point with Cerp,it loses £4m per year and the reason is that it only gets between $5.69 and $13.13 per barrel (in the last two years) but then it has running costs....... New wells (not recently),workovers,well maintenance,staff salaries,AIM costs and other admin costs and Spanish decommissioning costs. They all have to come out of a meagre $5.69 - $13.13 a barrel income".

Wrong. Very very wrong. As anyone who understands oil & gas, the netback is AFTER opex, workovers, well maintenance and local staff salaries in Trinidad. The key word there is AFTER! It reflects the net profit achieved from operations.

CERP receives WTI less royalties and then the above costs are deducted to get the netback./////// It seems that Northpole2 understands that all Cerp gets from Trinidad is $5.69 to $13.13 a barrel but he forgets that Cerp then has to pay directors fees,admin costs,AIM costs,solicitors costs,Spanish decommissioning costs etc,no wonder they lose over £4m a year.

[offerman] 01/1/2019 20:28

Good evening CarpAbsolutely agree with that, Nice post and we will regain our losses and it won't take long either on a whiff of good news , targets met or surpassed, deals made, and WF as you mentioned. There will be about 100,000 bow injected so far.....

[the guardian] 01/1/2019 18:48

Make Columbus Energy great again. (No wall required.)

[carpadium] 01/1/2019 18:16

Well, we're off and running into what should prove a transformational year for CERP.

So forget the 48% we're down last year, it's almost impossible to imagine we'll fail to recoup this loss, and much more, this year with some degree of pay off from w/f, guaranteed M&A deal(s), 3 new wells drilled in SWP and development of Steeldrum assets.

Be positive, a reversal of fortunes beckons!

HNY and GLA to genuine investors.

[panda chops] 31/12/2018 17:16

#6659

its spelt ... reckon :-)

never give up on AIM its teh stuff of dreams!!!!*


*directors slush funds

[northpole2] 31/12/2018 16:53

Oh dear! Smoggy, you really are rather thick aren't you? You said. "This is the point with Cerp,it loses £4m per year and the reason is that it only gets between $5.69 and $13.13 per barrel (in the last two years) but then it has running costs....... New wells (not recently),workovers,well maintenance,staff salaries,AIM costs and other admin costs and Spanish decommissioning costs. They all have to come out of a meagre $5.69 - $13.13 a barrel income".

Wrong. Very very wrong. As anyone who understands oil & gas, the netback is AFTER opex, workovers, well maintenance and local staff salaries in Trinidad. The key word there is AFTER! It reflects the net profit achieved from operations.

CERP receives WTI less royalties and then the above costs are deducted to get the netback. And most of those costs are fixed for CERP too so as production grows the cashflows received by CERP grow and the costs stay pretty much the same.

This is oil economics 101. Do you understand what the word AFTER means?

I work in the oil industry (have done for a long time) so understand this all too well and CERP is in a good place with their field and growth potential. Try reading an oil economics manual to work out what's going on ... and then you might not appear to be someone who simply doesn't understand basic numbers.

[perfect pete] 31/12/2018 15:19

Oh I hope so, been a long year this one....2019 then me and AIM are done I recon!

[arrynillson] 31/12/2018 11:25

SmoggyG/12bn - don't know why you are still here - anyone taking your advice to sell CERP in the 2s, buy KODswallop and lose massively then rinse and repeat with MRS is virtually wiped out - riches to rags in a matter of months - you are certainly one of the most dangerous fools I have encountered on these boards!

[12bn] 31/12/2018 09:58

an31 Dec '18 - 08:49 - 6658 of 6658
0 2 0
Notice a lot of shares on my monitor list up quite a lot and some have had bull runs .

Only a matter of time before CERP does the same and we retest 6p.////// PMSL,only in your dreams offerman. The next news is likely to be production news,which is very likely to disappoint.

[offerman] 31/12/2018 08:49

Notice a lot of shares on my monitor list up quite a lot and some have had bull runs . Only a matter of time before CERP does the same and we retest 6p.

[12bn] 31/12/2018 07:11

SmoggyG28 Dec '18 - 12:26 - 339 of 340
0 0 0
Here is the truth but it will not get a mention on jcqswims rampers only thread. No wonder you all see a distorted picture.///////o Q1 peak production of 627 BOPD with 427-542 bopd delivered month on month

o Q2 peak production of 648 bopd with a steady 530-575 bopd delivered month on month

-- GBP1,030,000 incurred on capex and workover activities during 1H 2018
-- Netback per barrel of US$13.13 achieved in 1H 2018 (1H 2017: US$5.69 per barrel) /////// The net back is what Cerp actually receives for its oil not the WTI price. My guess is another £2m plus loss for H2 2018,over £4m p/a loss! Look forward to the results. :)/////// Smart dude that SmoggyG,a man after my own heart. :)

[12bn] 31/12/2018 07:08

Well I seem to have been correct to advise selling at 7.25p,I see 'arry knows best' should really be 'arry knows nothing'. I have him filtered along with Eggy and his boys.

[nexus7] 29/12/2018 12:22

Hedge Funds Bet on Oil Rally in 2019 After Wackiest Year-End in Decade

► Brent net-long positions jumped for a third straight week
► Analysts expect global benchmark to average $70 next year

Hedge funds are keeping their cool in the most tumultuous end of the year for oil since the 2008 financial crisis, betting on better days ahead.

They boosted wagers on rising Brent prices for a third straight week amid expectations that OPEC and allies will follow through on a deal to reduce output. The vote of confidence comes against a backdrop of turmoil in financial markets that saw one measure of oil-price volatility jump the most on record in November and head for its highest year-end level in a decade...

[offerman] 28/12/2018 16:31

As of the 22nd of December 2018 consensus is for a BUYOne year price target from 2.9p to 21phttps://markets.ft.com/data/equities/tearsheet/forecasts?s=CERP:LSE

[jaffa14] 28/12/2018 15:35

Carpadium

Unaudited Interim Results 27th Sept 2018

I'm hoping that this quarters is a little sooner than the date you mentioned, perhaps the start of the new year !

[offerman] 28/12/2018 13:30

Hey Carp, Thanks for that :-)Just wanted a little break get clear the mind refocus with positivity . I just wish I had more funds available to buy absolutely loads at this price. It is bargain levels in the twos that's for sure. Totally agree with you about next update setting the 2019 tone. Maybe we will have a surprise or two and production just over 1000bopd not peak but sustained at next update . Sentiment and markets been down but a good update could give us a boost and new support levels. Maybe they can issue slightly more regular updates too from now onwards . Every 1.5 months give us a brief update before the full quarterly .

[carpadium] 28/12/2018 13:18

Hi offer, good to see you back posting, you had me slightly worried for a while!

As mentioned shareholdings only based on income figures re 2/7/18 RNS. I know LK has options over 15m shares vesting from 4-20p but unaware of holding other than salary based. Could be possible he simply rounded up his holding into a nice round fat figure when talking to you.

Also think Q4 update likely to be seen w/c Jan 14th and as the LIND 180 day drawdown notice expires Jan 8th will be very interesting to see whether or not this has been triggered. One things for sure, this update will set the tone for early 2019!

[smoggyg] 28/12/2018 12:26

Here is the truth but it will not get a mention on jcqswims rampers only thread. No wonder you all see a distorted picture.///////o Q1 peak production of 627 BOPD with 427-542 bopd delivered month on month

o Q2 peak production of 648 bopd with a steady 530-575 bopd delivered month on month

-- GBP1,030,000 incurred on capex and workover activities during 1H 2018
-- Netback per barrel of US$13.13 achieved in 1H 2018 (1H 2017: US$5.69 per barrel) /////// The net back is what Cerp actually receives for its oil not the WTI price. My guess is another £2m plus loss for H2 2018,over £4m p/a loss! Look forward to the results. :)

[offerman] 28/12/2018 12:02

A very good morning to you all.I hope you all had a nice Christmas and enjoying the time off .Carp, what a brilliant post there from you, that really highlights their commitment to make this work . Thank you for posting those figs as I often wondered what their salaries were. Really looking forward to the next update and moving forward through 2019. Yes it has taken much longer than expected but hiccups do happen and always a bumpy road.TG couldn't agree with you more about the euphoria after LK presentation I really felt we were going to the stratosphere .I still think believe we will but all that did come a bit crashing down unfortunately. LK and team still have done a great job considering that and will continue to do so imho. A heck of a lot of news to come in the next update on many fronts.- Snowcap - WF- well stimulations and rejuvenation's - infills - new exploratory work too.- update on timeframe for SWP well deepening - M&A Maroon &Green- balance sheet Capex etc to offset some taxes. - -LK also said " don't forget with a lower OP we can do better deals"Carp, LK already had 10m shares at last presentation as confirmed to me in person so maybe he also bought shares too ( when he joined ) on top of the 9m that you worked out to give the 10m to that point . I worked out that LK would have up to now around about 10,750,000 shares as he receives around 750,000 every three months based on 5.0p per share but he purchases at 5.1 so only a little out but near as dammit.