Columbus Energy Resources Share Discussion Threads

[northpole2] 18/9/2017 17:06

Look at the numbers again 12bn. They are 1H 2017 numbers BEFORE new management joined. Don't you understand HISTORICAL financials? Things have changed, production growing and G&A costs being cut. You are like a broken record. Where was your famous TIMBERRRRR a couple of months ago. Didn't happen. Seda deal? Didn't happen. Management are taking 50% of their remuneration in shares, that is in the interims. They clearly believe and are foregoing cash for shares. So you're wrong about directors not "buying stock". They're buying every month!

[edgein] 18/9/2017 16:41

CCr,

Yep will be a good start. They'll also be taking that tranche 2 shares at 6p currently (if we hold this price or above for the next 20 days). Market is loving LK's approach, its just production driven with monthly targets being set. Its all about achieving more and more production. I reckon he'll smash the 550bopd y/e target quite easily especially as 670 repressurises. Even if it doesn't get back to 1,100bopd even 200-300bopd would be smashing.

Regards,
Ed.

[ccr1958] 18/9/2017 16:33

I am thinking this has got 4.5p `written all over it ` after deal with Lind ?

[12bn] 18/9/2017 16:00

12bn18 Sep '17 - 11:56 - 222 of 224 0 0 Edit
2bn18 Sep '17 - 09:41 - 218 of 221 0 0 Edit
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.////// Heads into the sand here boys,play the Ostrich but it will make no difference,this share is over-priced at £17m,eos.CERP/LGO is still losing £4m per year!!!

[the guardian] 18/9/2017 15:32

It's great to see that there are posters on LSE that understand more about well stimulation than Leo & Co. :-((

It's actually fun to be in CERP now. Sentiment has changed and at least for now, the trolls have gone. Prices are sentiment driven and the sentiment here is the best it has ever been. Looking forward to being quite well off one day.

[ccr1958] 18/9/2017 15:24

Nice to see some old `faces` coming back !!

[moormoney] 18/9/2017 15:03

I'm impressed with LK and the excellent presentation so after a couple of years I'm back in and feeling positive. Sp doing well today as people wake up to the potential here.

[edgar222] 18/9/2017 14:24

PlasbyrnI think that means legal charge (on lease) not cash cost.

[edgein] 18/9/2017 14:10

Plas,

Nonsense. Goudron is an excellent asset, now we've a matching team in charge too. Independents have put around 1bn bbls of stooip on Goudron and 60mmbbls+ recoverable on waterflood. LK has already demonstrated what he can do with stimulation and clean up from the first three wells worked over, transformational. Just changing the pumps increased one well from 30bopd to a stable 70bopd. This guy is a pressure support expert, that's what TAQA's assets required. He explained this perfectly when talking about the north Cormorant asset, basically a washing machine and pumping in 400,000bbls of seawater.

A complete change in direction from LK, if NR had still been in charge we'd just had 3-4 more infill wells (he was planning more). Complete change in performance from existing wellstock and its only just begun. At one time these wells when first drilled produced over 1500bopd to LGO, now that's where we are heading once again under the helm of LK. If successful the bulk of that C3 will become P3 or even P2 reserves. That's massive. That's where the core value will come from and thousands of bopd potentially. LGO hit over £100m easily back then and once LK proves that he can deliver that's where this will head again. I'm fully loaded, too dangerous to be offloading now that LK has demonstrated what he can do with the first few workovers and is setting his sights on his speciality pressure support. Don't worry you haven't missed the boat yet, not by a long shot. Aim is full field wide stimulation and clean up and field wide pressure support. Focus is only on wells that can achieve payback in less than 1 month! Can't wait to see where LK has total production of sale oil per day by year end. Its back to the old LGO when production was flying up but this time we've got LK's competitive advantage and its talking to him!

Regards,
Ed.

[plasybryn] 18/9/2017 13:36

Poster on LSE!
"LGO justified all the skepticism but CERP is a completely different animal from top to tail and is approaching everything differently, including waterflood. Amateur hour lasted for years but I would argue that finally, for once on AIM, it is genuinely different this time."

Different people, same old problems. There's plenty of bullish talk but this is not going anywhere without significant investment in the SW Peninsula and even that is a risky proposition. Goudron is uneconomical and always will be in my opinion. Well stimulations will only be short lived and any positive cash flow (yet to be achieved) will be miniscule in comparison to what is needed to grow the company organically.

Just my view of course and I look forward to seeing how the future unfolds in the coming months. There's still a charge on the lease of the old head office despite CERP claiming that it has been lifted by Lind.

[ironstorm] 18/9/2017 13:34

Has anyone done the numbers to see if this more rapid ramp-up could have us profitable at the plc level by the end of this month? At least on a run-rate basis?

Bringing forward profitability by a full quarter would be something . . . .

[thenorth] 18/9/2017 13:27

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 website.... it contains this and even more facts...CERP Buy Columbus Energy as a ten bagger says Andrew Monk (with charts)... and ANO Total loonhttp://shareprophetsltd.cmail19.com/t/ViewEmail/d/AF8DA5C66D097741/1A1058F11D1F9CD99A8E73400EDACAB4

[12bn] 18/9/2017 11:57

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? Do they have more sense?

[12bn] 18/9/2017 11:56

2bn18 Sep '17 - 09:41 - 218 of 221 0 0 Edit
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.////// Heads into the sand here boys,play the Ostrich but it will make no difference,this share is over-priced at £17m,eos.

[edgein] 18/9/2017 11:35

Good lord, so by putting the stimulation equipment onto the back of a truck he thinks he can get the workovers up from 1 well per week to 2! :)

Regards,
Ed.

[lenses] 18/9/2017 10:23

That's a nice 100% up on my buys of April/May. The emphasis on financial control has obviously inspired higher confidence - oh and 12IQ has been a fantastic inspiration, with each bash I've added a bit more.

Keep up the good work m8

GLA.

L.

[hpotter] 18/9/2017 10:13

LK's closing comment from the Q & A session:

'stick with us for the ride its going to be great'.

[thenorth] 18/9/2017 09:46

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 website.... it contains this and even more facts...CERP Buy Columbus Energy as a ten bagger says Andrew Monk (with charts)... and ANO Total loonhttp://shareprophetsltd.cmail19.com/t/ViewEmail/d/AF8DA5C66D097741/1A1058F11D1F9CD99A8E73400EDACAB4

[12bn] 18/9/2017 09:42

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?

[12bn] 18/9/2017 09:41

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.

[12bn] 18/9/2017 09:40

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.

[jcgswims] 18/9/2017 09:35

AGM Q&A session

[hpotter] 18/9/2017 09:33

I've been wondering how they have cleaned and stimulated the old wells at low cost and the only idea I have come up with is to gas lift the wells. Use coiled tubing to inject Nitrogen (from cylinders) into the bottom of the well. This displaces liquid in the well column and so lowers the well hydrostatic head. This increases the pressure difference between the reservoir and well bore.
This increased pressure difference should produce a much higher flow from the reservoir into the well and clean/scour/increase the rock surface and flush the perforations.

[thenorth] 18/9/2017 09:33

CERP Buy Columbus Energy as a ten bagger says Andrew Monk (with charts)... and ANO Total loonhttp://shareprophetsltd.cmail19.com/t/ViewEmail/d/AF8DA5C66D097741/1A1058F11D1F9CD99A8E73400EDACAB4