Columbus Energy Resources Share Discussion Threads

[thenorth] 14/9/2017 22:22

Dodge that's gracious of you... and very honest....

[dodge city] 14/9/2017 21:22

Leo Koots is a class act, no doubt about that.

[thenorth] 14/9/2017 20:35

TG yep I've read your posts over the years.... will rather interesting to watch the bashers return no doubt full of the stories of how they invested elsewhere and now return even more wealthy and wise....Hold tight fella as I think the worm has turned and we are about to be the stick play of the rest of this year if not next....

[the guardian] 14/9/2017 19:56

Agreed The North - Shylock also echos my feelings. I was explaining Leo's presentation to my wife and saying that there was virtually no risk with his strategy when it suddenly occurred to me that he could leave the company or I could die before he reached the end game. Bar that and WW3, we are most definitely onto a winner and like Shylock, I am normally a glass half empty type of person.

[nexus7] 14/9/2017 19:28

Well stimulation
Well stimulation is a well intervention performed on an oil or gas well to increase production by improving the flow of hydrocarbons from the drainage area into the well bore...

[ride daice] 14/9/2017 18:44

What is remarkable about Leo and the team is that these boys are big hitters who in their previous roles have been managing assets producing 10,000's of bopd. But they are clearly excited about the potential here and care about every single barrel that they can produce. I've never seen this before and it's quite beautiful. It's a bit like U2 showing up at your local boozer and announcing that they are now the house band.

[the guardian] 14/9/2017 18:36

I've just listened to Leo's presentation again. He had my eyes watering. This guy is going to make us rich and the great thing about the current strategy is that a failure is when the company spend $50k stimulating a well and it ends up only producing say 3 times as much oil rather than 5 or 10 times as much. That simply means that it takes a few more days or weeks to get payback.

No longer will we have blockbuster 1000bopd drills sending the price spiralling only to find that the production rate has fallen off considerably within days and we need more funds to be able to continue.

You have to wonder what the previous management was thinking when we drilled four wells from the same pad, ignoring the fact that each well was performing in the same way and going from hero to zero within a few days or weeks.

What we have is incremental increase in output without dilution and limited downside ie the company doesn't meet it's own targets but seeing how Leo would rather under-estimate rather than over estimate, even that is unlikely.

Please drop the price tomorrow, I need more shares.

[jcgswims] 14/9/2017 18:28

From Shylock

RE: Leo Koot Today 18:06

Anyone familiar with my posting history knows that I'm a cynical, activist investor with a reputation for spoiling parties. But having just watched that extraordinary presentation by Leo Koots, I am totally gob-smacked. If Carlsberg made AGM presentations…

It appears that the asset has always been there: all it needed was someone who knew what they were doing to get the oil out and keep it coming. But he is obviously much more than an expert geologist/reservoir engineer: this man is an artist. "The reservoir is talking to us" made me go misty-eyed. And, for once, here is a top tech man who brushes up to look and sound like the chairman of Shell - with the stature and bearing of royalty plus the style of James Bond!

And as if that were not enough, he is also in tune with shareholders and absolutely understands what PIs need - like no other CEO I have ever heard. I'm also impressed by the new CFO - who I assume was chipping in off-camera. That's a guy who knows oil fields as well as he knows his times tables.

I still can't believe that this was a real live presentation. LTHs must be blinking in astonishment. And they must be asking how LK's predecessors could get it so wrong. But talk is always cheap - even talk at a sensitive event like an AGM. As honest, open, transparent, persuasive, convincing as LK undoubtedly is, many PIs will do the sensible thing and wait to see some of these numbers in an RNS.

But I'm a believer. And I'm the least likely believer on these boards. I think this man is a God. And I think he will transform this company.

The trouble is, I'm absolutely certain that any other oiler watching that video will want Mr Koot. Not just the tiddlers but big oil too. It's still a total mystery how down-and-out LGO managed to get him - but CERP sure need to find the way to keep him as I'm certain he will be getting lots of financially better offers to jump ship. Maybe there is a plan in place to make LK a sizeable shareholder because he needs, and must get, more than his salary, whatever it is. For starters he needs to sign an extended contract in the hope that he will be too expensive to buy out. Even so, PSG got Neymar - but CERP shouldn't sell LK as cheaply as that. He is imho the top CEO in the entire oil industry on his showing so far. Shareholders surely can't believe their luck.

As long as CERP can hold on to him, I rate this as the best buy on AIM - hence I bought. But I'm still not 100% certain that he isn't a digital VR creation invented by a group of PIs from their wishlists.

[edgar222] 14/9/2017 17:13

I have said elsewhere and no apologies for repeating it....

If you can watch Leo Koot's presentation today and not be impressed then you have your ears shut.

Fantastic operator

Fantastic work to date.

550 BOPD by year end looking very conservative at one well stimulation per week!

[offerman] 14/9/2017 17:11

I wonder if we could see 6p by Christmas?

[hilly71] 14/9/2017 17:06

Look forward to watching that later, but all coming together nicely. Better than any of us could have imagined this time last year.

Disappointing that the share price hasn't motored and fell away later afternoon, but it's irrelevant. I'm not selling for some time yet whilst things remain this positive, and pretty soon I reckon we're going to have one hell of a bounce, as the penny drops that this company is undergoing a major transformation, has quality management at the helm, and an exciting portfolio/asset base.

GLA

[nexus7] 14/9/2017 16:28

From LockedIn Today 15:51
-------------------------------------

RE: AGM
WebcastJust listened to the webscast - wow! Key highlights:

- Multiple examples of well stimulation results all highly successful
- Example being 3bpd producer turned into 60bpd
- Currently performing 1 well optimisation per week
- Minimal expenditure to see huge bpd increases
- 161 wells all paid for, value in the ground
- 66 wells to optimise (LK said think 66 x 20bpd)
- Extremely confident of beating (smashing) eoy target of 550bpd (probably 1000+)
- Waterpilot capable of producing 1500-2500 bpd "for a very long time"
- SWP is absolutely massive, completey transformational for the company
- 12 targets, $2-4mil per well, multiple targets can be drilled from single well (previous estimate of $10mil + per well)
- Cashflow from Goudron can fund initial exploration, no need for commercial partner (unless $100mil+ opportunities arise)

Expect CERP to really motor on from here. Will leave the last words to LK...

"The results are tremendous"
"Thats a big bang for your buck"
"So opportunity-rich"
"We're going to be very profitable"
"Confident of beating end of year target"
"Under promise, over deliver"

Love it!

[offerman] 14/9/2017 16:10

YepJust did Bought some more only £2200 worth

[moormoney] 14/9/2017 16:07

Oh please!!!! Cut it out and just get buying!

[thenorth] 14/9/2017 15:38

Jcg that's the bit that made me mess my pants... no need for farm in partners for expo.. we go it alone... only farm in will be if it enhances value to the tune of hundreds of millions rather then tens....Hands up who is buying more after seeing that presentation????

[jcgswims] 14/9/2017 15:30

SWP - more that a dozen targets now instead of 4.
Estimated cost per well $2-4 million instead of $10-15 million per well.
Multiple targets per well
Won't need partners anymore, we can run the campaign from the cash flow generated in Goudron....

[j284] 14/9/2017 15:18

The next 12 months could be fantastic. The presentation today clearly demonstrated their ability and their skill at working with what they've got. I got the distinct impression they hope to do a lot better than they are forecasting. I always thought NR was utterly hopeless as a CEO, I now think that opinion flattered him.

[nexus7] 14/9/2017 15:16

Result of AGM
RNS Number : 7905Q
Columbus Energy Resources PLC
14 September 2017

For Immediate Release

[thenorth] 14/9/2017 15:16

Also want to expand their profile in Trinidad and this well stimulation program gives us a competitive advantage over our rivals in the area...Odds on LK taking over more blocks when we can.... BOLT????

[thenorth] 14/9/2017 15:14

Well stimulation.... copyright LK and his Columbus team... you know where you heard it first...No wonder BigJ mentioned 1000bopd soon... by xmas....

[thenorth] 14/9/2017 15:10

Jcg I don't know about you but this guy gives me a hard on... !!! It's the best porn I've seen for years!!