Columbus Energy Resources Share Discussion Threads

[eggchaser] 18/1/2019 09:29

Understood and apologies. The reason for the post is that a growing number from LSE follow your thread so we inadvertently posted that in the hope it would be seen there too. We prefer this platform as the air is generally cleaner, owing to how you police the thread and of course we are thankful to you for doing so.

Anyway end of conversation on this topic within this thread as far as we are concerned and we shall talk no more about it here, even if it raises further thought elsewhere.

[jcgswims] 18/1/2019 09:25

"So ask yourselves why is Dross here" - well he's not here, on this board anyway, so there's no point in posting your comments about him on here, otherwise it defeats the object!

[eggchaser] 18/1/2019 09:02

So Dross does not like being backed into a corner and filters anyone who stands up to the share bully?

How very interesting that when asked why one should spend so much time berating a company that said person is either invested in or even trusts should waste so much time challenging anything to disregard that business!

If Dross is invested in TRIN or any other stock then surly time would naturally be spent following them?

We follow the English Rugby Football Team rather closely and taking Dross example it would be like following the Welsh Team. No offence to those boys in Red, as the game teaches respect - but why would we - other than to troll our opposite supporters.

So ask yourselves why does Dross continually keep picking at the negatives and not the positive work that LK has achieved in what we think is a short space of time - who are our opposition? That will give you an idea of who Dross and the likes of 12iq/ Smoggy, LLL and others actually represents and will make their agenda much more clear as time passes to the rest of us.

When the results come our way watch these trolls disappear back into the pond from whence they came.

[eggchaser] 18/1/2019 09:01

So Dross does not like being backed into a corner and filters anyone who stands up to the share bully?

How very interesting that when asked why one should spend so much time berating a company that said person is either invested in or even trusts should waste so much time challenging anything to disregard that business!

If Dross is invested in TRIN or any other stock then surly time would naturally be spent following them?

We follow the English Rugby Football Team rather closely and taking Dross example it would be like following the Welsh Team. No offence to those boys in Red, as the game teaches respect - but why would we - other than to troll our opposite supporters.

So ask yourselves why is Dross here - who are our opposition? That will give you an idea of who Dross and the likes of 12iq/ Smoggy, LLL and others actually represents and will make their agenda much more clear as time passes to the rest of us.

When the results come our way watch these trolls disappear back into the pond from whence they came.

[eggchaser] 18/1/2019 09:01

So Dross does not like being backed into a corner and filters anyone who stands up to the share bully?

How very interesting that when asked why one should spend so much time berating a company that said person is either invested in or even trusts should waste so much time challenging anything to disregard that business!

If Dross is invested in TRIN or any other stock then surly time would naturally be spent following them?

We follow the English Rugby Football Team rather closely and taking Dross example it would be like following the Welsh Team. No offence to those boys in Red, as the game teaches respect - but why would we - other than to troll our opposite supporters.

So ask yourselves why is Dross here - who are our opposition? That will give you an idea of who Dross and the likes of 12iq/ Smoggy, LLL and others actually represents and will make their agenda much more clear as time passes to the rest of us.

When the results come our way watch these trolls disappear back into the pond from whence they came.

[garnhiem80] 17/1/2019 19:46

It'll be interesting to see what happens.

[h van der h] 17/1/2019 19:23

I’m sure nobody in their right mind would even consider taking over rrl... (woof!)
Have you seen their debt pile...
Probably just a company fulled pump to increase share price in readiness for that huge share issue that will be at a 90 day average share price . any increase will in share price would reduce the apocalyptic share issue quantity by millions... eek!!

[arrynillson] 17/1/2019 13:29

12bn - what's more interesting is that circa 1000 bopd even for a short time shows potential and that's why LK is working towards pressure restoration there through pumping and longer term finding connective water flooding. Even after the fuss died down GY 670 continued at 35 bopd unsupported.

Good to see you talking about what's actually in an rns rather than your usual cut n paste jobs - next you'll be congratulating LK on hitting the 1000 bopd target - are you sure he doesn't have a magic wand 12bn?

[12bn] 17/1/2019 13:10

The point was that initial flow rates are irrelevant to actual sustainable flow rates and should not be used in serious RNSs imo. Well 670s 6000 bopd was the open choke flow rate,it did show us though that initial flow rates are really irrelevant to what is sustainable.

[edgein] 17/1/2019 12:43

jcg,

I hope that's what it'll remain. We don't want to be diluting the highest potential company of the T&T stable with some of these lesser efforts. Quality SA acquisition is the next thing I want to be reading about.

Regards,
Ed.

[jcgswims] 17/1/2019 12:39

I wouldn't take too much notice of those rumours, RRL released a RNS stating they know of no reason etc for the share price movement.

[edgein] 17/1/2019 12:36

Hmmm buying out RRL, that doesn't exactly fill me with the same excitement as that money being used to drill the SWP or moving into SA that's for sure.

Regards,
Ed.

[nexus7] 17/1/2019 11:30

From Garnhiem Wed 22:26
------------------------------------

RE: Question to the Team

“All of our activities in Q4 2018 were undertaken at a time when Trinidad was witnessing the worst weather conditions in many years with record rainfall and resultant floods which impacted the lives of many. These conditions severely hampered our operations on a number of occasions, in particular gaining access to our wells which needed operational support to maintain production. In many instances, roads were flooded and impassable. This also had a knock on effect on our rig campaigns to increase production. That said, our operational and support teams performed admirably in very difficult circumstances and our back-up power-generation facilities, installed over the past year, ensured operations were maintained when grid electrical power was lost due to the weather conditions”

======================================
Wed 22:28

RE: Question to the Team

“No Lost Time Incidents were recorded during the quarter on any of the field operations. The increased wellwork activity, with up to four workover rigs in simultaneous operation and the challenging weather conditions which resulted in significant road access difficulties, were successfully managed by the integrated HSE team.“

“Preparation for activation of the Columbus owned CESL-1 workover rig was progressed with mobilisation of the rig to the Goudron Field to complete the final work that will allow certification of the rig by the authorities.“

[garnhiem80] 17/1/2019 09:42

"well gy670 that initially flowed at 6000 bopd"I believe that was the estimated open choke figure :)Don't forget the bottom hole and we'll head pressures too ?

[garnhiem80] 17/1/2019 09:40

True dat 12bn, I believe the gas in the wells has now depleted, sand and water production is no longer an issue.. Ritson and his chokes to produce clean dry oil!

[12bn] 17/1/2019 09:32

Initial flow rates are irrelevant to long term production. Anyone remember well gy670 that initially flowed at 6000 bopd,yes 6000 bopd. It was then choked back to 1000 bopd and that didn't last. LK sounds like the old NR who was also into spin.

[garnhiem80] 17/1/2019 07:56

Correct, a higher number to start of with , should prolong the time for the next intervention.

[nexus7] 17/1/2019 00:48

Oil Gains as Russia, Saudis Signal Commitment to Production Cuts

► Minister says Russia will hit OPEC+ output target by April
► Crude shrugs off bearish U.S. data to rally late in session

Oil closed higher for the second straight day as Russia and Saudi Arabia signaled they’re on track with production cuts designed to avoid a global supply glut.

Futures in New York staged a mid-afternoon recovery on Wednesday to top $52 a barrel, shrugging off bearish U.S. demand data. Russia will meet its target for curbing output in April as part of its agreement with OPEC, the country’s deputy energy minister told reporters. That followed a U.S. report showing Saudi Arabia slashed shipments to American refiners by a third last week...

[garnhiem80] 16/1/2019 23:46

Is it a forced spike, when it was first completed in the GS, it didn't flow naturally and had pumped rates of 35bopd.You think their lessons learnt on re completions, new pumps etc are now paying off and can now be applied elsewhere ??

[arrynillson] 16/1/2019 23:30

Dross - individual Well production rates vary greatly over each quarter - examples are provided with detailed graphs on the CERP website - the team have to work to keep up the overall level - that is reality - perhaps it's not the same for you playing Fantasy Oil & Gas Manager.

The more active wells they have the better it is for sustaining the overall level and gradually pushing up production. If you want to campaign on the basis that production won't rise why not come clean and say it - 12bn, your host, was quite clear about his stance and was proved wrong time and time again but at least he made his position clear!

[arrynillson] 16/1/2019 21:22

Garnhiem - if LK wants to share more detail about the team's Herculean performance against the independently corroborated weather conditions I'm happy to hear it but I'm not concerned about a reduction of 65 bopd in the quarterly average because that now is just a historical statistic - what's important is the going forward figure and at 1021 peak it's impressive, meaning ' new ' production was circa 400 bopd during December - how much of that won't continue after 31/12/2018?

CERP are therefore in a good place for further development of the new assets and as I mentioned previously South Erin looks exciting and Snowcap very useful (more profit per barrel on these fields as they are not IPSC ).