Columbus Energy Resources Share Discussion Threads

[the guardian] 22/9/2017 21:32

Leo sold Lind a good enough story that they were willing to change the terms of the current loan agreement. With that in mind, I would have thought it unlikely that they would sell any shares BUT nothing in the shares market is ever logical. :-(

[carpadium] 22/9/2017 19:06

Think you're wrong there The North, these 2.3m shares are in lieu of a monthly cash payment, which to date Lind have received. I cannot see any conditions imposed regarding these shares so it suggests they are free to sell these and convert to cash whenever they choose, not that I expect them to any time soon. It suited CERP to retain nearly £70K and bolster cash.

It's the 17,992,308 shares that are escrowed for at least 6 months. Only.

[thenorth] 22/9/2017 17:47

They can't be sold for 6months...

[itsriskythat] 22/9/2017 17:08

September payment to Lind

Anyone else noticed that the 2.3million shares issued today to Lind for the $94,500 payment were converted at 3p. So anytime Lind chooses to sell these it is in a profit at a price above 3p?

[the guardian] 22/9/2017 17:00

Every time I look at Leo's presentations, I feel inspired as opposed to feeling that my chance of recovering losses had expired under the previous board.

[offerman] 22/9/2017 16:37

Welcome back Steve :-)

[sdavis] 22/9/2017 16:21

Back in today after many months away. Finances and cash flow sorted out with excellent prospects.

[edgein] 22/9/2017 16:18

Personally not expecting a mega spike like the chap from LSE or wherever that was taken from. When you think about what's happening I see it as more gradual. Yes the re-rate is from the first three wells worked over. But there will be roughly 13 more of these this year each perhaps adding another 30-40bopd average. Waterflood is a gradual process 670 isn't suddenly going to full ambient reservoir pressure and 1100bopd by end of next month when they'll start to see the results of the waterflood. Its gonna be a gradual process there towards year end, it could be late Q1 or after before it peaks. I reckon it'll be more a case of steady rises as more and more workovers are reported on in batches and as the C-sands pressure builds and returns more oil. I think that's why LK set out in his first presentation the stages, 3p, 6p, 9p up to 15p, 18p etc. If he substantially passes his 550bopd or decides to drill a Herrera well that finds oil, for example under Goudron, then I'd buy the spectacular rise theory. However you never can rule anything out look what FRR has done, valued around x3 our cap and they're just on one workover well, AIM can be a strange place at times.

Regards,
Ed.

[nexus7] 22/9/2017 16:07

From Stach Today 15:32
------------------------------------

Leo Koot...

I have re listened to his interviews again and he is consistently saying that he wants CERP to become $500 million Company and that TRINIDAD is the basis on which he is going to rely to build such a Concern.With 550+ million shares in issue,he clearly sees just about a dollar/share eventually.
I am sure that it will not happen any time soon but as the production of oil increases,the share price will be rising each time that happens.What we do not know is how significant the increase will be with the water flooding.He is taking on the wells with the greatest potential first and should there be a great success this next quarter of 2017,he will proceed with the other already drilled wells.Therefore we may see quite a disproportionate,substantial rise in share price as we have not seen that before in the history of this share. Stach

[nexus7] 22/9/2017 15:46

OPEC and Russia Hold Steady on Cuts as Oil Market Improves

→ Ministers warn against complacency as rebalancing quickens
→ Talks in Vienna end without recommendation on cuts extension

OPEC and Russia said they were about halfway toward clearing a global oil glut and urged fellow producers to stay focused and finish the job, without making any immediate changes to their agreement...

[offerman] 22/9/2017 14:03

To be honest I'm now hoping this drops back down to 3p which is the support level that LK mentionedIt probably won't touch 3p ever again but if it does I am in for a load

[mark of the rushes] 22/9/2017 13:36

Crazy wide spread atm, MM tactics I suspect.

[edgein] 22/9/2017 13:03

GD,

Interesting chap, there's a lot of detail on that map for sure and the oil fairway stretches right from west to east of sourthern T&T. Plenty of space for LK to fill in with a few new Herrera discoveries that's for sure. Great to have Leo and this team mulling over all that modern areograv data that NR/LGO took for him, there's lots of seismic data on these licences too.

Regards,
Ed.

[greatfull dead] 22/9/2017 10:35

Ed,

This maybe of interest to potential investors. Hard to study but I think PI will get the gist!

hxxp://ngc.co.tt/wp-content/uploads/pdf/publications/Energy-Map-of-Trinidad-Tobago-2017.pdf


ATB,
GD

[edgein] 22/9/2017 10:30

GD,

Definitely chap, as LK said "enjoy the ride, its gonna be great". Now that's a man who's confident on what he can get out of Goudron and the SWP.

Regards,
Ed.

[doerx2] 22/9/2017 10:26

Graphene is the next battery revolution but hopefully I will make money on cerp first

[greatfull dead] 22/9/2017 09:20

Feels good to be an invester in CERP for the long term.

GLA,
GD

[edgein] 22/9/2017 07:37

Brasso,

Great time for production to be increasing sharply to coincide with the rising oil price. Leo will be quite happy. Nice to see WTI over $50/bbl again.

Regards,
Ed.

[brasso3] 21/9/2017 20:58

I wouldn't be surprised if this touches 4p before moving up again. It has come a long way from 2.25p in a few weeks so a rest is needed and perfectly healthy. I do not expect it will settle for long as the market now knows that CERP can workover one well a week. The CEO wants to under promise and over deliver. His short term promise is 550 BOPD by year end.

[the guardian] 21/9/2017 19:49

hilly, I echo your thoughts 100%

[thenorth] 21/9/2017 17:03

Hilly I like that post....!!!

[someuwin] 21/9/2017 16:24

Mostly buys this afternoon.

[hilly71] 21/9/2017 13:48

TN, all in good time. Broker valuation of 22p (or was it raised slightly), which seems perfectly justified.

NAI and all that, but I'm feeling considerable more comfortable with my investment here, and adding when funds permit. This is no 'jam tomorrow' company any more, and we should see the results of LK/his management team's experience shortly. I'm like most -taken to logging on every morning as the market opens to see if there's any movement, and feel a slight tinge of disappointment when the upward climb hasn't resumed. A little consolidation and slight retrace from time to time is ok with me though. Looking at the bigger investment picture, this looks to be a share to sit back, chill out and enjoy the ride.

GLA