Columbus Energy Resources Share Discussion Threads

[cashandcard] 22/6/2020 11:36

Eggchaser,


Is this how you reason with people? Football manager...

Seriously, you are literally childish to the extreme.

You epitomise what's wrong with a certain type of rose-tinted smallcap investor. Questioning board decisions is exactly what they SHOULD be doing. Not slagging off those who question because they have a different view to you. This is a free board and everyone can comment within reason and decency shown to others. If you do not like it, please go set up your own board.

You really have no clue about me. I have already mentioned I don't post on most stocks I hold. Yet you continue to insinuate that one is/isn't a holder based on board postings. I hold smallcaps & bluechips stocks in my portfolio that I never comment on. Absolutely amateurish mentality.

Football Manager, I haven't played computer games in decades, last time I did was before internet was around. The fact, you bring it up says alot about your age, not really mine (I had to bloody google it as I do not have a clue about it!), you're a rookie.

Go learn how reasoned skepticism can be healthy, also work on your soft skills perhaps. That differences can be hugely beneficial to gain a fresh perspective. If it makes you feel better, go a head and put me on filter - you never convincingly presented a case for CERP shareholders re. this merger. Going by the posts on the weekend, most can see that - just not you (think about that for a moment).


Cash

[nexus7] 22/6/2020 11:25

I Know we are onshore. Much cheaper to drill.

[thebull8] 22/6/2020 10:56

You realise CERP position in Suriname is onshore yeah

[nexus7] 22/6/2020 10:40

How Important Is The Suriname Oil Discovery?


The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new race for the Dutch-speaking country’s still unallotted license blocks and concurrently boosting the investment potential of Guyana (which will see the commissioning of Liza within a couple of months). The first-ever offshore discovery for Suriname, Apache and Total will make history in many ways. Herein below, we will take a brief look on the developments this discovery might bring about in and around Suriname – for the country itself, for its national oil company Staatsolie as well as for the companies involved in discovering the Maka field.
The Maka Central-1 well encountered 73 meters (240 feet) of oil pay and 50 meters (164 feet) of light oil and condensate pay in Upper Cretaceous-aged intervals. Given that the Haimara field in Exxon’s Stabroek Block is virtually across the border from the Maka find, one might speculate that the reserves of the new-found field will amount to a couple hundred million barrels of oil/condensate (somewhere around 200-300 MMbbls). The Maka discovery comes on the back of Total buying into Block 58 which was previously under full control of Apache, the operator of the block. Apache will drill the first three exploration wells and will transfer operatorship rights to Total thereafter...

[mark of the rushes] 22/6/2020 10:26

Txp raised at 40p just before the chaos began. Shareholders were disappointed as it was a deep discount to a charging share price However, it soon began to look like a very good raise.

[eggchaser] 22/6/2020 10:01

Hmmm it may have closed a week ago but it was arranged back in May?

[jcgswims] 22/6/2020 08:39

From the various interviews I've listened to and presentations I've read from both companies, I get the strong impression that the merger is a means to an end of getting access to larger funding as an enlarged entity. Whether they've been given indications by a lender that this would be the case is anyone's guess at the moment.

[thebull8] 21/6/2020 22:47

It may have been me and it was touchstone exploration. They secured a twenty million dollar loan only last week

[eggchaser] 21/6/2020 22:23

I noted someone brought up one of the other Trinidad Oiler's rasing cash - but was that not pre Covid hitting the world stage and WTI at a better number?Fact is the more I read the more I feel this was about accelerating projects by securing some funding security to hit the 5year plan - don't get me wrong I'd love to have seen a better deal but do feel that LK was running out of options if that makes sense?

[eggchaser] 21/6/2020 22:19

I agree ref reporting VSA as to me they have mislead so nice one PR.Fact is as I say there is more to this merger and maybe Schroders frustration has left the company looking to accelerate timetables to appease them? LK mentioned Schroders frustrations in one of his interviews - think it was on the Saffron success?

[eggchaser] 21/6/2020 22:14

Cash I play both man and ball and have played against many like you. So predictable and easy to run through, all before halftime.I don't agree with your view to call someone that has clearly been there and done it in terms of drilling for oil let alone running a company - so regretfully I'll be taking more notice of information given by the board in this case as they are one of the few I trust.As I say funny how you and a couple of others turn up now - so where were your pearls of wisdom when we went to drill Saffron over Clove for example? So time to put you in filter but suspect you will feel the need to reply despite this fact - have to make your point Eh!?I'd stick to football manager - it's so much more you.

[thebull8] 21/6/2020 20:31

Good job but I feel it will be in vain! They'll merely say they estimated the share price of BPC at the same percentage increase that they valued CERP at. Hopefully charged for the investigation -I know FOS complaints cost a business £660 each

[bahamasoil] 21/6/2020 14:52

Well done pr100 good job.

[ccr1958] 21/6/2020 14:45

Tom different views acceptable here if u don’t like it jog on .

[tomford8] 21/6/2020 14:11

Good posts? nope, cynical ones yes from expected tyre kickers still the deal will pass

[arrynillson] 21/6/2020 11:09

Dross - Where's your apology for misleading investors on here and LSE - didn't see it before you slunk away with tail between your legs!

[ccr1958] 21/6/2020 10:49

Good posts chaps...yes if we have amazing prospects at Saffron we will still benefit? I also feel news flow is painfully slow with Cerp. Why? The no money thing just kept diluting us. What was the share price when LGO became Cerp, 2and half years ago. Always jam tomorrow here. I hold for time being.

[spangle93] 21/6/2020 08:50

Leo Koot replies referring to Perseverance-1 quote "its just the scale and size of the opportunity is so tantalising that it justifies the present risk profile"

It would seem to me that if Leo Koot was so convinced about the Perseverence prospect (calling it P1 is a bit premature as it points to a P2, which on the CoS quoted is unlikely, though it's easier to type) he could have just bought shares in BPC himself.

Then, when he was a notifiable stakeholder, those who follow the man rather than the assets would have piled in too, leaving those who value oil production and steady organic development of what we are told are quality prospects to avoid the casino.


@thebull - you don't have to be a premium member to send a message. Check your mail

[offerman] 20/6/2020 19:34

Spot on Bull. I thought that too.

[offerman] 20/6/2020 19:34

Hi Bamps!Snap I just listened to that too.You're spot on and it's what I have been banging on about ! It's as if our board fell out or something internally and with Schroeders . It's as if Leo got bored or maybe didn't feel he can meet the 3-5 yr promise . Tbh even if he said because of poo and COVID 19 that the 5 yr promise turned in to 6 I wouldn't have minded !Something has not been right behind the scenes. To me TH looked awkward at times in his interview. My gripe as stated is we been far too lowly priced considering what we have !!!! Leo's dons a brilliant job through best he could but this is imho his lowest moment worst deal because of the valuations ..Imho I could be wrong but that's my main gripe the way I see it.

[thebull8] 20/6/2020 19:30

Something definitely stinks - the BPC share price rocketed about 140% in a single day on zero news. This happened during negotiations....hmm

[bamps 21] 20/6/2020 19:22

Just listened to that BPC presentation and I found it disturbing!
I quote "During our due diligence on Cerp we were shocked at the number of exciting assets on the SWP"
Sold off cheap that's an understatement!

[nexus7] 20/6/2020 19:11

The Oil Nation Aiming To Emulate Guyana's Success




Paths to economic development might vary, ranging all the way from ruthless dictatorships hewing their way with an iron fist to established democracies laboring towards the well-being of its constituents. In terms of swift decision-making and efficiency, 20th century empirical data would rather tilt towards dictatorships with South Korea and Singapore being prime examples of how well things can turn out with a bit of providential disposition. Truth be told, Latin America has historically seen more of the former, although very rarely did hard-handed regimes bring about lasting economic prosperity. Oddly enough, new oil frontiers in Latin America are struggling to resolve this exact dilemma. As the markets has an increasing amount of information on how oil-prolific Guyana and Suriname are, both countries’ political attitude might have a crucial bearing on their prospective wealth.

Guyana and Suriname held elections with almost 3 months apart, yet due to the peculiarities of the former’s counting process the recount is still not finished – albeit there remains only one parliamentary seat to be determined for the final result to come about. With the opposition People’s Progressive Party (PPP) taking a 33-31 lead over the ruling PNC coalition, the balance in Guyana seems to be tilting in the favour of a government change. This has direct implications for Guyana’s nascent oil industry as the presumptive winner of the election, PPP, has already claimed it would increase the government’s take in the Exxon-operated Stabroek Block, the 1999 PSA for which has kickstarted offshore activities in the country. Guyana’s largest field, the recently commissioned Liza, has a breakeven level of $35 per barrel, therefore any additional expenditure increases would render new projects’ profitability even worse ...