Columbus Energy Resources Share Discussion Threads

[perfect pete] 02/10/2017 19:32

The Gardian crucial point there for me, CERP has now become an investment. A firm, long term, growth strategy that people can buy into. Blind hope has been replaced with an achievable strategic plan that we can sit back and watch progress without the constant fear of dilution, happy days GLA. Pp

[brasso3] 02/10/2017 19:21

Nice! Should see 5p+ tomorrow.

800k at 4.8p (£38k)
1m at 4.7p (£47k)

[the guardian] 02/10/2017 19:18

This company is now virtually risk free, so unless the price of oil collapses or Leo and the rest of the board decide to move elsewhere, I am happy to sit out the next few years and watch my investment grow. At some point in the future, we will probably see dividends as the vehicle for returning cash to investors but increasing capital growth should be the priority for the next couple of years.

[ride daice] 02/10/2017 18:12

What I have yet to ask LK (as I am sure has enough on his plate with all the well optimizations) is what the end game here is since I am not sure if this has been articulated ? The 3-5 year strategy is clear but is the end game to be a producer returning the bulk of free cash or to sell out to a major ?

[thenorth] 02/10/2017 17:18

All quiet over here ..... Pmsl....

[thenorth] 02/10/2017 17:17

Ccr as good as the 13.something rise today.... long may it continue to 20p never mind 6p!!! Remember 20p today is 1p old money....

[ccr1958] 02/10/2017 17:04

Self Financing, How good does that sound ?

[the guardian] 02/10/2017 17:00

The six month chart is beginning to look quite impressive and 6p by Christmas seems to be easily achievable. I wonder if Leo will give us monthly production updates or just carry on until we become self financing.

[nexus7] 02/10/2017 15:57

From KUMS Today 15:44
------------------------------------

Finds
As I said before BP find close by makes this a very hot share to have!

[ccr1958] 02/10/2017 15:56

we need to close up here very Bullish !!!

[offerman] 02/10/2017 15:45

You're right mark. After 4.6 resistance it shot up!

[markbarker] 02/10/2017 15:36

There we go

[markbarker] 02/10/2017 15:25

Ed after that 1 million I will agree

[edgein] 02/10/2017 13:49

Mark,

Yeah looks like insti buying to me especially as they took everything on the bid or above last week. To quote LK "get on board its gonna be great". Looks like there are some taking him on his word.

Offer,

Too right, we're gonna be drilling in a basin that holds the world's largest oil reserves, the Venezuela basin, if there's one place in the world you want under explored acreage its there.

Regards,
Ed.

[offerman] 02/10/2017 13:21

Hello EdThank you very much for your reply gives great scope to our licenses and potentials.

[edgein] 02/10/2017 13:04

Offer,

For expo I think LK is expecting something like 25% as he said back at the start they'd 4 huge targets. But since then he's said they've identified 10 or 12 or something like that and they'll all multi target multi formation. I'd guess that 1 in 4 is about right for the vene basin for expo. Its a prolific area to drill though that's for sure. Surprisingly very few wells have been drilled to the Herrera in T&T.

Regards,
Ed.

[markbarker] 02/10/2017 13:04

800k at the high of the day tells me everything.

[edgein] 02/10/2017 13:02

It looks like it was that 800k delayed buy at 4.8p that's got us going today.

Regards,
Ed.

[offerman] 02/10/2017 13:01

Thanks for the good posts EdWhat are the COS for Cedros? Especially with the huge oil discovery next door......

[edgein] 02/10/2017 12:55

The great thing is with our current arrangement for tranche 2, when we get to 6p per share that $750k converts at 9p per share.

Regards,
Ed.

[edgein] 02/10/2017 12:54

yup, someone still working the bid, now paying even higher. Still getting a premium at 4.45 rather than the displayed 4.4p. So they've still not been filled from last week. However they're probably thinking about LK's price targets, cash flow +ve and 6p per share, waterflood etc up to 18-24p. Cedros drilling those huge targets the 800lb gorillas and its potential mid cap territory. With advancing the waterflood by 12 months you could see some of the cedros expo being brought forward to next year.

Regards,
Ed.

[nexus7] 02/10/2017 12:20

From KUMS Today 12:08
-------------------------------------

We had reallocation of stock on Friday and now it's getting ready for onwards & upward journey.

So those who cannot stick with small falls are seeing share price moving higher & higher over a period of days and weeks!

MMS play their tricks to do this.

So just a month ago 2.60 to buy and now 4.60p!

5p is getting closer & closer as big buyers have been picking up the stock.

[red army] 02/10/2017 12:00

Looking good.

[kazz] 02/10/2017 11:24

Just topped up at 4.625 and showing as a sell.
regards....kazz

[luckyvince] 02/10/2017 11:10

4.64 is the highest its been, break that and we will have an open blue sky above.