Columbus Energy Resources Share Discussion Threads

[thenorth] 14/9/2017 08:12

Any offers of posting the ramblings from the AGM today anyone???

[nexus7] 14/9/2017 00:30

IEA Sees Strongest Global Oil-Demand Growth in Two Years

→ Inventories of refined fuels returning to average levels
→ Hurricane Harvey’s impact on oil markets to be ‘short-lived’

Global oil demand will climb this year by the most since 2015, the International Energy Agency said, amid stronger-than-expected consumption in Europe and the U.S...

[nexus7] 14/9/2017 00:10

From bigdouble Wed 21:18
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In case you haven't seen

Columbus ERP @Columbus_ERP
·
8h
Looking forward to see some of you at our AGM tomorrow where I will be sharing the early results of our operational activities. LK

[brasso3] 13/9/2017 19:22

Todays news was looking backwards (Jan - June). That was CERP and LK saying goodbye to LGO. Tomorrow should see a blue day IMO.

[the guardian] 13/9/2017 18:51

A disappointing day that I would think we have all been waiting for. Te market has changed so much since the recession - patience is a thing of the past, replaced by day traders and others out for a quick buck and minimal risk.

[tmmalik] 13/9/2017 16:41

I was expecting blue day but ...No worries

[dafrog] 13/9/2017 13:02

I'm in Norway tomorrow. Sorry to miss this one.

[brasso3] 13/9/2017 12:55

Who will be there?

[jcgswims] 13/9/2017 12:53

CERP Tweet

Columbus ERP‏ @Columbus_ERP · 31m31 minutes ago
Looking forward to see some of you at our AGM tomorrow where I will be sharing the early results of our operational activities. LK

[someuwin] 13/9/2017 12:46

Columbus Energy Resources

MOre good news from CERP over the last couple of days as the new management headed up by the indefatigable Leo Koot continues to make progress in Trinidad. Figures here are therefore totally meaningless and holders are correctly looking forwards and hoping to see what the new strategy might bring. Yesterday they announced that the CEC had been issued for the water injection pilot programme on the Goudron field so the company now kick on and increase production, all funded from existing cash resources. CERP continues to provide the market with helpful updates and I suspect there are many more to come, watch this space.

[ccr1958] 13/9/2017 12:35

Down the Khazi, RD

[geoff0458] 13/9/2017 12:34

Up the swany without a padle

[ride daice] 13/9/2017 12:24

We got lucky when LK walked through the door. I'm not so sure where we would be otherwise.

[ccr1958] 13/9/2017 12:20

I know we have only moved forward a little so far but much better news coming our way...well done to those who kept the faith !!

[dodge city] 13/9/2017 10:35

Ross,
To fair to Koot, he has provided a target, so let's see if he achieves it.

If water flood goes to plan he should do it.

What's the deal with BOLT, will there be a cost to final completion of the deal?

[holly day] 13/9/2017 10:08

Three successive days of RNS's, all positive and should underpin the share price imo. Let's see how it unfolds. Well done LK for getting your teeth in to the mess! He's on a mission!

[dodge city] 13/9/2017 09:45

Ross,
The world is moving away from oil. Cars are being converted away from petrol and renewable technology is improving all the time.

It's all over for oil.

[edgar222] 13/9/2017 09:43

The cash in hand went up 500k with a 2.5m raise. Spent 2m. I forgot this was half year so profit lower by 2m than I said.Obviously they are planning to spend the money earned on their plans.I used the word profit wrongly while being jostled on a packed Tube! But I do tbink these numbers show how cheap we are. If you believe LK's projections for production.

[thenorth] 13/9/2017 09:38

''Early results from the new operational strategy are very encouraging with some wells increasing productionmore then 10-fold. Further information will be provided as the programme develops but the target ofachieving sales volumes of around 550 bopd by the end of 2017 remains a key focus of management."''It is now the Company's view that it should be in a position to internally fund the first few exploration wells on our SWP portfolio without the need for a partner to jointly fund the programme.''Enough said......

[brasso3] 13/9/2017 09:37

The dip did not last long!

[sleveen] 13/9/2017 09:23

$14.4 profit, you need to rework your cost of production figures.

[12bn] 13/9/2017 09:22

Jam tomorrow,always promised but never delivered at LGO/Cerp. The reality is LGO/Cerp is losing £2m every 6 months,just as it has for several years. Where is the cash coming from? It couldn't be from Lind, in exchange for shares could it? :) Never mind, Koot comes out with more promises than NR ever did.......'next year Rodney we could all be millionaires....'

[edgar222] 13/9/2017 09:19

900 BOPD in 1H 2018 is 16.4m income and 14.4m profit.Assuming oil at 50 and costs remaining as they are now.Thats why this is worth more.than the 10-15m mcap