Columbus Energy Resources Share Discussion Threads

[thenorth] 19/9/2017 08:23

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

[thenorth] 19/9/2017 08:23

More early doors fun and games from our friendly city slickers.... sells going through at 3.91 and buys at 4.01

[12bn] 19/9/2017 08:22

2bn18 Sep '17 - 09:40 - 217 of 233 0 0 Edit
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.

[12bn] 19/9/2017 08:22

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] 19/9/2017 08:20

TheNorth filtered for being an idiot with nothing to contribute but 1 post repeated ad infinitum.

[thenorth] 19/9/2017 08:20

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] 19/9/2017 08:19

FSAwatcher19 Sep '17 - 08:15 - 704 of 704 0 0
lind gonna sell 20m shares to retail

lind want wvap lower for second tranche

lind gonna control price

this like death seda deal

that the price you ave to pay for fundin

Lind ave nuther $7m on loan to go so this just 15% of it

floor at 3p alrighty , better have reinforced floor boards !!!!

this now in hands of the evil market manipulators again//////I don't expect this sensible post will last long on jcgswims rampers only thread.

[edgein] 19/9/2017 08:18

Lol read the details of the announcement before posting rubbish! Escrowed for 6 months. So if they want to sell those to get a lower VWAP they've a bit of a wait. At the current rate that equals another 26 workovers and 6 months of waterflood.

Regards,
Ed.

[thenorth] 19/9/2017 08:18

Offerman ''tis true... I was in GKP at 20p just as Shaikan was discovered... the share price rose to 100p then onward to 400p... This area is where a meteor hit thousands of years ago and is one of the richest parts of the world for hydrocarbons...

[edgein] 19/9/2017 08:16

ccr,

doing good chap, hope you are too!

Offer,

Yes as far as I know VSA were at least associated with the management coup that took place here. LK didn't just phone up and say Neil I want your job if you don't mind. Well that's my take on it anyway. Yeah a few bbls of oil in Vene and the SWP only 4 miles from Vene.

Regards,
Ed.

[fsawatcher] 19/9/2017 08:15

lind gonna sell 20m shares to retail

lind want wvap lower for second tranche

lind gonna control price

this like death seda deal

that the price you ave to pay for fundin

Lind ave nuther $7m on loan to go so this just 15% of it

floor at 3p alrighty , better have reinforced floor boards !!!!

this now in hands of the evil market manipulators again

[offerman] 19/9/2017 08:10

Ed, the venez asset next door is one of the biggest in the world ? WTF?? Seriously ? I didn't know that !!

[offerman] 19/9/2017 08:09

Our brokers picked him Ed?

[edgein] 19/9/2017 08:03

Brasso,

Yes I've been in contact with a couple, one is TCW of SQZ, the other was Paul Barrett of ex-EOG. Both very sound guys and top management. LK has had more success and looks like he's gonna get the job done here for minimal dilution. The response he's getting from the assets so far is simply amazing which leaves the potential off the scale given the oil in place and the number of wells he can work on. His speciality is pressure support/waterflood so our borkers couldn't have picked a better man for the job and he clearly likes our assets. With being so close to Vene (one of the biggest oil reserves in the world), he's keen to see what's in the SWP acreage as are the rest of us! Exciting 3-5 years ahead, as LK would say get onboard and enjoy the ride.

Regards,
Ed.

[thenorth] 19/9/2017 07:50

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] 19/9/2017 07:44

ROFLOL,CERP are losing £11000 per day (£2m every 6 months) and are issuing shares like confetti./////RNS Number : 0845R

Columbus Energy Resources PLC

19 September 2017

For Immediate Release

19 September 2017

COLUMBUS ENERGY RESOURCES PLC

("Columbus", "CERP" or the "Company")

Issue of Equity and TVR

Further to the announcement of 11 September 2017, the Board of Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, wishes to confirm that an application for a total of 20,300,000 new ordinary shares of 0.05p each (the "New Ordinary Shares") in the capital of the Company, which are being issued to Lind Partners, LLC ("Lind") pursuant to the revised Convertible Security Agreement, has been made to the London Stock Exchange. The New Ordinary Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and it is expected that admission to trading will become effective and that dealings in the New Ordinary Shares will commence on 22 September 2017.

As per the announcement of 11 September 2017, 17,992,308 shares are to be escrowed by Lind for at least six months from the date of issue and, the remaining 2,307,692 shares cover the Company's repayment of the next First Tranche monthly instalment.

Following the issue of the New Ordinary Shares, the Company's enlarged issued share capital will comprise of 559,497,502 Ordinary Shares with voting rights. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

[sja123] 19/9/2017 07:40

I would put Koot on the same level perhaps as Tony Manini at ARS or Tony Gilby at TLOU....people with stacks of experience and that have continued in the industry they know and have that back catalogue of success....When they speak about what they are doing and their plans, it's believable because of that past record....they have something to lose in having a reputation which they value and that they're proud of. Koot says in one of his first presentations that he was heading for retirement having built something from scratch at TAQA and was approached about taking on LGO....I therefore have confidence that he has had a good look at the assets, knows whats required and has the experience to get it done....a challenge perhaps he couldn't resist and his final swansong....

These people are rare imo....one other might be Steve Staley at UPL....deathly quiet on that stock at the moment but many are sticking with it knowing his reputation is such that he will deliver...

Believable management that can deliver is the number one requirement of investment imo....and we have it here thankfully..

All imo etc

[tmmalik] 19/9/2017 07:19

It's already known n priced in

[thenorth] 19/9/2017 07:09

There's the Lind shares away then...

[offerman] 19/9/2017 05:43

Spot on brasso, I've been in the markets since '97. Not seen any like him at all.

[brasso3] 19/9/2017 01:11

Has AIM ever had a Leo Koot before? This guy is on a different level to the rest of the criminal CEOs that haunt the minnows market.

[the guardian] 18/9/2017 18:49

Apart from shares obtained during placements - which always seem to be sold off for a micro profit, Institutional Investors tend to have a market cap limit below which they will not buy shares. At £21.43 million, I would guess that we must be at least 5 times below that level.

[plasybryn] 18/9/2017 18:08

Thanks for your comments guys.
It does almost seem too good to be true, but perhaps it is!
Just one other point. Shareholdings shown on the website seem to be all "nominees" suggesting they are pte shareholders. Where are the Institutional investors? Can't find any listed. Have I missed this info?
And why hasn't the new director team bought shares with their own hard earned cash (other than Options & in lieu of salary) if they truly believe the business is so transformational?
Most things with CERP tick my boxes but I do like to see "skin in the game".
Not being negative to goad anyone, just wanting to explore all aspects.
Thanks

[ccr1958] 18/9/2017 17:48

Thanks Ed, hope you are well . Yes the new approach here ie. straight talking is so refreshing, obviously it may not go completely to plan ,but I get the feeling it wont be for the want of trying from LK and team .. The renegotiating of the finance deal was a master stroke imo.. cheers ccr.

[thenorth] 18/9/2017 17:43

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