Columbus Energy Resources Share Discussion Threads

[thenorth] 18/9/2017 09:32

Just a reminder for anyone that actually reads this thread - 550 bopd abd CERP are cash flow positive and at the moment we are 100bopd under that figure with extra bopd being added every week... oh and the small matter of water flooding to consider where 1000bopd from one well alone is possible according to the new management team...Please listen to the video taken at the AGM that is on the companies web site.....

[12bn] 18/9/2017 09:31

Good reasoned debate on here,I am glad we don't just have a desperate holder posting up the same ramping post again and again and again. I guess that is proof enough about who is correct.

[edgein] 18/9/2017 09:19

I guess you guys are loving the oil price too, its not just the vertical rise in production underway. When LK can turn wells producing 3-4bopd into wells producing 60bopd then it gets exciting, especially when you've 66 imminent well targets and waterflood ongoing in the C-sands too! Just a modest increase in some of the wells will make a major impact on our cash flow which is why LK suggests all operations going forward will be funded by internal cash flow, that means more phases of waterflood and eventual deep drilling on the multi stacked deep prospects. Yes indeed NR did talk about drilling the Herrera sands below Goudron, looks like LK is the man to get the job done. 12-14 large expo targets now in the SWP with multiple objectives. I don't know what's more exciting at this point, the massive moderate depth expo potential or the impact these guys are going to have on our contingent reserves and production. Look what he's done to the workover wells so far, vertical line production increases!

Regards,
Ed.

[offerman] 18/9/2017 09:18

I find it really weird how when the price gets near to 4p it then drops back down again. It always seems like that with many shows that when I get near the rounded off figure they seem to struggle? Is there any reason for this? Is it a psychological thing that the M&Ms play with. Why couldn't it's a struggle at 3.8 or 4.2 I just wondered why is it always on a rounded up figure?

[sja123] 18/9/2017 09:18

CERP Buy Columbus Energy as a ten bagger says Andrew Monk (with charts)... and ANO Total loon

[thenorth] 18/9/2017 09:17

Just a reminder for anyone that actually reads this thread - 550 bopd abd CERP are cash flow positive and at the moment we are 100bopd under that figure with extra bopd being added every week... oh and the small matter of water flooding to consider where 1000bopd from one well alone is possible according to the new management team...Please listen to the video taken at the AGM that is on the companies web site.....

[12bn] 18/9/2017 09:16

Down she goes as the smart money exits this pump n dump.

[12bn] 18/9/2017 09:13

COLUMBUS ENERGY RESOURCES ORD 0.05P KEY NUMBERS

Latest Share Price (p) 3.90 Net Gearing (%) 13.76
Market Capitalisation (£m) 16.99 Gross Gearing (%) 21.01
Shares in issue (m) 539.20 Debt Ratio 10.63
P/E Ratio -15.00 Debt-to-Equity Ratio 0.45
Total dividends per share (p) 0.00 Assets / Equity Ratio 1.27
Dividend Yield (%) 0.00 Price to book value 0.85
Dividend cover (x) 0.00 ROCE (%) -53.41
Earning per share (p) -0.21 EPS Growth (%) 40.00
52 week high / low 4.08 / 0.09 DPS Growth (%) n/a
COLUMBUS ENERGY RESOURCES ORD 0.05P DIRECTOR DEALS

Dec.Date Type Director Pos No. of Shares
01/12/2014 DRIP James Thadchanamoorthy FD 6,000,000
28/11/2012 BUY David Lenigas/////// £17m market cap,they are 'aving a larf'. Notice that no directors have bought since 2014,WHY?

[thenorth] 18/9/2017 09:11

Tm have you got a link for that?

[thenorth] 18/9/2017 09:11

Just a reminder for anyone that actually reads this thread - 550 bopd abd CERP are cash flow positive and at the moment we are 100bopd under that figure with extra bopd being added every week... oh and the small matter of water flooding to consider where 1000bopd from one well alone is possible according to the new management team...Please listen to the video taken at the AGM that is on the companies web site.....

[12bn] 18/9/2017 09:10

I feel a TIMBERRRRRRRRRRRrrrrrrrrrrrrrrr coming on here as reality over-takes the hype and silly ramping valuations given out by Koot. What is a serial £4m a year loss maker worth? Certainly not todays market cap.

[12bn] 18/9/2017 09:06

From the results 5 days ago.//////FINANCIAL

-- Revenue for period of GBP2,460,000 (1H 2016 GBP1,921,000), an increase of 28%
-- Gross profit for period was a loss of GBP42,000 (1H 2016 a loss of GBP130,000)
-- Pre-tax group loss for period of GBP1,964,000 (1H 2016 loss of GBP1,925,000)
-- Cash in hand of GBP1,684,000 at 30 June 2017 (1H 2016 GBP1,170,000) ///// Note that the group loss of just under £2m hasn't changed in years. If you do not believe me check out 6 monthly results here.

[thenorth] 18/9/2017 09:04

Just a reminder for anyone that actually reads this thread - 550 bopd abd CERP are cash flow positive and at the moment we are 100bopd under that figure with extra bopd being added every week... oh and the small matter of water flooding to consider where 1000bopd from one well alone is possible according to the new management team...Please listen to the video taken at the AGM that is on the companies web site.....

[12bn] 18/9/2017 09:02

Jam tomorrow,always jam tomorrow,the fact is that Cerp/lgo is still losing £2m every 6 months,how will they cover that? Placings,Seda tap deal with Lind? No matter how you cut it LGO/Cerp is still losing money hand over fist but the ramping from Koot is even more than NR did.

[tmmalik] 18/9/2017 09:02

I think people are getting positive and can see re-bound of this company Shareprophet like advising to buy as it going to be 10 bagged from 3.50p

[offerman] 18/9/2017 09:01

Another spot on post the north.

[thenorth] 18/9/2017 09:00

4p seen in the first hour let alone the first week lol....The worm has turned!!!!

[thenorth] 18/9/2017 08:58

Just a reminder for anyone that actually reads this thread - 550 bopd abd CERP are cash flow positive and at the moment we are 100bopd under that figure with extra bopd being added every week... oh and the small matter of water flooding to consider where 1000bopd from one well alone is possible according to the new management team...Please listen to the video taken at the AGM that is on the companies web site.....

[12bn] 18/9/2017 08:56

We all know that there is a lot of oil on the Cedros Peninsular,we have known for years,the problem is that it is at 12000 ft and is too expensive to extract. The last time this was seriously discussed,several years ago,the cost was estimated at $15m-$20m,CERP is not in a position to even do a JV with drilling costs so high. The last time a deep drill was attempted there the drill bit was lost and no oil was recovered. The Cedros Peninsular was never again drilled to 12000 ft,for good finiancial reasons.

[thenorth] 18/9/2017 08:54

Simeuwin as I posted before... 1p old money prior to conciliation is around 20p today's money... back then we had third division management vs premier league today... add on the WF project as well as the CWSP generating additional BOPD I think 20p is way way undervalued based on these facts alone but that is my own opinion... I would not consider parting way with my modest holding below 100p but except there is a way to go as it's not my timeframe that controls the share price ... Oh I also forgot to mention Spain, Bolt and our 800lbs gorilla that is just waiting to get out of the cage... and I expect like most companies these things to be built into the share price ...

[ccr1958] 18/9/2017 08:50

4p 0n the offer :)))

[someuwin] 18/9/2017 08:46

Bought a few more. This could make considerable moves up in the coming weeks.

[offerman] 18/9/2017 08:46

I wonder if we can break for 4p today and hold above that this week?

[12bn] 18/9/2017 08:46

Time to sell,this fools rally will not last long. Read the recent results,LGO/CERP are still losing £2m every 6 months,no change there then. Roll-up roll-up,mugs wanted to buy this loss maker.