Columbus Energy Resources Share Discussion Threads

[ccr1958] 02/10/2017 10:38

Not with a target of 22p ,no its not too late .. small volume big moves !!!

[markbarker] 02/10/2017 10:36

Not to late

[markbarker] 02/10/2017 10:28

Who was sat on the bid all day Friday ?news must be good

[bsg] 01/10/2017 07:09

Oil will never get to $100 again IMO.

[nash81] 01/10/2017 00:00

oil price is expecting to be near $100 in next year, at that price, i expect CERP can easily exceed 20p share price

good for those with spare cash to top up at these still cheap price

[offerman] 30/9/2017 07:49

Very true guardian

[the guardian] 29/9/2017 17:22

We all owe him a very big debt of thanks. Where would we be now if LK hadn't come on the scene?

[offerman] 29/9/2017 17:04

Thanks perfect pete.I think it was Mike Joseph that someone mentioned he helped bring in LK.

[perfect pete] 29/9/2017 16:46

Big double is the other poster, bigmj is Mike Joseph his last holdings RNS put him at 7% I believe.

[offerman] 29/9/2017 16:38

What is it Bigj Leos interest? I know not long ago somebody mentioned it wasn't just the broker but somebody else pointed Leo towards LGO. Was it one of these two guys on lse? Echo your thoughts GuardianHave a good weekend one and all.

[the guardian] 29/9/2017 16:30

BigJ and Big something else but I don't know how many shares they have.

Have a good weekend all.

[keiwi] 29/9/2017 16:15

...if it looks like a granny day and smells like a granny day it's probably an attack of the short people. Where is G btw....sewing mailbags probably or should be

[offerman] 29/9/2017 15:16

Guardian,Who the two large holders and how many do they have?

[perfect pete] 29/9/2017 15:09

Ed I've been in LGO/CERP for quite a while now, always enjoy reading your contributions.....even if they have a very familiar tone!! be lucky;)

[the guardian] 29/9/2017 13:37

Yes, it's very strange offerman. Normally, with a big buy in the background, the MMS would drop the bid price to encourage sells. On this occasion, they appear happy to sit it out and let the sells go through at a steady price.

I wonder who is buying and how many? I will take a look on LSE where the two big holders reside.

PS> No, they are as confused as we are. I just hope that the MMs don't drop the price like a stone before close.

[offerman] 29/9/2017 13:17

Price holding up well despite every trade being big sells today. I now agree with your earlier post who said there must be a large by in the background because with all of the relentless selling today the price hasn't dropped so I'm assuming large order been filled as per earlier poster.

[edgein] 29/9/2017 13:05

Well NR had his +ves too. Fair do's he didn't drive ahead with the pressure support and reservoir stimulation that LK's doing. But you have to take into account the backgrounds of both. NR was the head of Geoscience research at BP for a while, so he knows a good basin. He as a result got LGO significant acreage and deals in the SWP. We now pretty much hold the best acreage closer to Vene than anyone (apart from offshore of course). He also got us Goudron which is the main focus for LK. So without NR we wouldn't have these assets. But when you look at Mr Koot, worked years at shell just like NR at BP. He took over the Shell assets into TAQA and his focus there was to increase production, which he did significantly. His approach here is no different. He's just looking at the best ways to get the max production out of the assets that NR set up for us. And its working. :)

Regards,
Ed.

[ride daice] 29/9/2017 12:34

The striking thing for me is how people can look at the same problem and draw entirely different conclusions about how to solve it. NR's approach appeared to be based on drilling new well after new well despite the pretty rapid decline rates. LK's approach is the complete opposite in suspending all drilling activity until production from the existing wells can be optimized.

[markbarker] 29/9/2017 12:18

Yes I will agree with that ed all seems to much of no brainer

[offerman] 29/9/2017 11:45

Thanks Ed as ever for yet another very good post you really are a credit to this thread.

[edgein] 29/9/2017 11:20

Mark,

Not just today, they've had a significant premium to the bid since the AGM. Someone doesn't want to miss the next update. Well response should be known by end of October for 670. So I wouldn't be surprised if we get the next C-sands pad under pressure support by then too or at least another one of these twin wells. Plus about 13 workovers between AGM and Christmas. Can't wait to see what these wells do to our production and with oil at around $52/bbl our cash flow too! He's taking a much much lower cost approach to previous management too. No relentless infill wells at $400-600k per pop, just working over wells for $5-15k each. Even if he puts a few new well heads in or new pumps its still a fraction of drilling those Mayaro wells. The more production the lower the cost per BBL too. So no wonder he's expecting profitability for Q4.

Regards,
Ed.

[offerman] 29/9/2017 11:03

Is it buy order?