Share Name Share Symbol Market Type Share ISIN Share Description
Columbus Energy LSE:CERP London Ordinary Share GB00BDGJ2R22 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.70p 5.60p 5.80p 5.725p 5.675p 5.70p 1,586,727 14:51:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.5 -11.9 -0.2 - 37.00

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Date Time Title Posts
24/11/201712:14Lind issued monthly with millions of 4.5p shares SELL at 7,25p!273
24/11/201711:07Columbus Energy Resources PLC 2,272
14/10/201714:08CERP is a pump n dump share SELL imo194
09/10/201709:16CERP for TWERPs LGO loser662
06/10/201709:41CERP pump and dump stock with new name221

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Columbus Energy (CERP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:56:415.60128,4227,191.63O
14:51:565.7477,2004,431.28O
14:51:185.746,948398.82O
14:22:505.6853,6473,044.47O
14:05:405.688,637490.15O
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Columbus Energy (CERP) Top Chat Posts

DateSubject
24/11/2017
08:20
Columbus Energy Daily Update: Columbus Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CERP. The last closing price for Columbus Energy was 5.70p.
Columbus Energy has a 4 week average price of 5.65p and a 12 week average price of 2.53p.
The 1 year high share price is 8.03p while the 1 year low share price is currently 0.10p.
There are currently 649,206,426 shares in issue and the average daily traded volume is 2,943,484 shares. The market capitalisation of Columbus Energy is £36,842,464.68.
11/11/2017
15:36
fsawatcher: The new Executive Chairman, CFO and Managing Director (Trinidad) have all agreed to receive half of their fees for the first twelve months of their employment in the form of Company stock to be issued at the end of first year at a price of 2.2p per share, being the price at the time of the placement in March 2017 and broadly equivalent to the mid-market closing price of 2.18p on the day prior to the Executive Chairman's appointment. This leo bloke aint half smart he gonna get 4 times his fees when share price go past 10p 10 x his fees if it go to 22p he gonna be makin sures he gets the share price up ain he ??>> aligned interests good for pi
10/11/2017
09:38
crosseyed: This disparity in the proportions of distrbuted excess shares varying with Nominee Account Provider (NAP) is really bugging me. Checking back through posts, the proportions varied from about 5% to 30%! If, in accordance with the RNS of 2/11/2017, excess shares were indeed distributed by CERP in proportion to the number applied for, I have been thinking how that might be legitimately possible. To recap, the total number of shares (to be) distributed was 20,129,349 (~20.1 million) for which total applications, both Open Offer (x, say) plus Excess Applications (y, say), amounted to 64,720,401 (~64.7 million). Arithmetically, x + y = 64.7 (million shares) Excess shares available = 20.1 - x Excess shares applied for = y = 64.7 - x Pro rata distribution p = (20.1 - x) / (64.7 - x) [It would be useful to be told officially the values of x and/or p.] Joner in post 2071 reminded me that NAPs are represented on the CERP Share Registry as a single shareholder. I had assumed that each NAP would simply aggregate separately the Open Offer and Excess Share requests from individual account holders, passing that information to CERP by the 27th October along with the payment deposit funded from account holders. But there is another possibility. The NAP might claim Open Share rights for total shares held being the legal holder of those shares irrespective of the actual Open Offers requested by account holders, ie a somewhat greater number than the sum of those individual, due to: a) For whatever reason, not all account holders would have taken up those rights; and b) There is naturally a small reduction per account due to the mechanics of the 1:31 conversion in which total eligible shares (as of 13 October) are divided by 31 and rounded down. On average, each individual "loses" 0.5 shares. If there are 1000 account holders, that amounts to about 500 shares. Whereas the single NAP shareholding would be expected to "lose" just 0.5 shares, giving a gain of about 500 shares. Those extra shares would then be available to be added to the pro rata distribution to the NAP of excess shares, in turn to be distributed to account holders in proportion to their individual excess share application amounts. I assume that would be quite legal but it raises the question of why the NAP would temporarily fund those additional shares. An incentive service to account holders, maybe? In addition, it is also possible that the NAP could legitimately request more excess shares than the aggregate applied for by account holders though they too would require temporary funding by the NAP. Any or all of these actions would explain differences in proportions received relative to excess shares applied for. CERP would have no direct part in any of the variations. They would simply receive the individual shareholder applications, including NAP applications each as a single shareholder, and calculate the actual excess and gobal proportion for distribution back to the individual shareholders, along with the Open Share applications. Any single independent shareholder would receive that global proportion of applied-for excess shares. We shall hopefully find out. c
04/10/2017
08:22
offerman: REMEMBER: We are only at around 0.32 old money even with our recent rises. Just shows how undervalued we really are even with a low oil price of 52. I think the oil-price back in the day was around $100 a barrel when we were producing 1000 to 2000 a day. So reach high of 6.9p old money before 20-1 consolidation. So even with an oil-price half what it was. If we work to produce between 1000 to 2000 barrels of oil day then an old share price of 3.5p would still equate to to 70p in today share price and that is including the 50% discount from the previous oil-price back in the day.
03/10/2017
09:01
nexus7: From Ullysis Today 09:54 ------------------------------------- 50% premium to current price will be the next issue of equity as payment to LIND. Meaning if this stays at 5p over the next 20 days prior to the next payment, the share price will move to 7.5p! This goes to show the brilliance of this CEO called Leo Koots because every single time the loan is paid in shares, the share price will move up. This should motivate everyone to keep the share price as high as possible to earn more and more profit. Everyone attempting to establish what the price should be by Xmas should chew on this .. Imagine if it's 10p by the next issue of equity, that'd be an immediate move to 15p.
22/9/2017
15:07
nexus7: 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
13/9/2017
07:00
12bn: -- The Company granted Lind 17,992,308 shares, to be escrowed by Lind for at least six months from the date of issue (expected to be 23 September 2017). -- Lind has agreed with the Company that it shall receive the repayment of its next First Tranche monthly instalment in September 2017 in shares, totalling 2,307,692 shares at a conversion price of 3p per share. -- Lind also informed the Company that it intends on exercising its exclusive right to increase the Funding Agreement by US$750,000 (the "Second Tranche"), with the funds to be provided to the Company in Q4 2017. The Second Tranche is to be repaid by the Company over 24 months at a monthly rate of US$38,719 in cash or shares, with the Company exclusively determining the method of repayment on a monthly basis. -- Upon providing the Second Tranche, Lind will also be entitled to 7,692,308 share options, exercisable at a price 50% greater per share than the average share price for the 20 days prior to the date of award for a period of up to 40 months./////// This looks very similar to a SEDA tap death spiral imo. More shares issued every month and the resulting sales will drive the share price lower and lower! Another Yorkville SEDA tap like deal,only with a LIND wrapper!
11/9/2017
12:05
rossannan: dodge I'd say the RNS was positive on balance, but it's not some kind of giveaway by Lind - there is plenty of give and take. Looking at the RNS in detail: "still on track to being cash flow positive in Q4 2017" is a strong positive. Not so impressed by ambiguous stuff like: "With the additional funds from Lind, we are implementing a number of operational opportunities to increase further production and revenues from existing fields, including ... the water-injection pilot for which the application has been submitted ...". We will have a clearer picture of progress on waterflood by the end of the week but we were under the impression that existing funds were going to suffice for Pilot A - are we now being told something different? That would be a real "LGO" move. As I said, it's all a bit ambiguous, but you will recall that the rule with NR was that when something was ambiguous the correct interpretation would turn out to be the one least friendly to shareholders. "Lind has agreed to increase the conversion price by 50% for the First Tranche to 4.5p per share from 3p per share upon completion of the deal." This is positive but we can see that Lind are being fully compensated in shares and options for this concession, so it feels a little cosmetic. Still, there has been a psychological 3p barrier and this hopefully shifts it. "Lind has agreed with the Company that it shall receive the repayment of its next First Tranche monthly instalment in September 2017 in shares, totalling 2,307,692 shares at a conversion price of 3p per share". Shame to break our run of cash repayments - would like to see a fresh commitment to repaying the original drawdown and the additional funds in cash if at all possible. "Lind has also informed the Company that it intends on exercising its exclusive right to increase the Funding Agreement by US$750,000 (the "Second Tranche"), with the funds to be provided to Columbus in Q4 2017. The Second Tranche is to be repaid by the Company at a monthly rate of US$38,719 in cash or shares, with the Company exclusively determining the method of repayment on a monthly basis." This is a strong positive - if Lind didn't see clear evidence of progress towards CF+ they wouldn't do this. Not clear what the conversion rights are for this second tranche though. The RNS should have covered that. Not as straightforward as suggested by Edgein: "When you read the deal you think wtf how did he manage to get them talked into converting debt at 50% premium, actually more than 50% premium to the share price (we closed last week about 2.7p). Clearly Lind see them making money above 4.5p per share (more than that if the share price rises as their next tranche is vwap based and its only a matter of time before they start waterflood. I just wish all my investments got financial agreements at +50% premium to share price. No wonder LK left their office with such a smile, I just want to know what he told them to get this deal." who focused on the give and ignored the take.
11/9/2017
07:45
edgein: When you read the deal you think wtf how did he manage to get them talked into converting debt at 50% premium, actually more than 50% premium to the share price (we closed last week about 2.7p). Clearly Lind see them making money above 4.5p per share (more than that if the share price rises as their next tranche is vwap based and its only a matter of time before they start waterflood. I just wish all my investments got financial agreements at +50% premium to share price. No wonder LK left their office with such a smile, I just want to know what he told them to get this deal. Regards, Ed.
11/9/2017
07:40
edgein: Lind has agreed to increase the conversion price by 50% for the First Tranche to 4.5p per share from 3p per share upon completion of the deal. -- The Company has granted Lind 17,992,308 shares, to be escrowed by Lind for at least six months from the date of issue (expected to be 23 September 2017). -- Lind has agreed with the Company that it shall receive the repayment of its next First Tranche monthly instalment in September 2017 in shares, totalling 2,307,692 shares at a conversion price of 3p per share. The above explains it all. Lind are happy to get shares for payment, the conversion price is 4.5p for tranche 1 of the funding. Tranche 2 is for vwap 20 + 50% premium. This can be paid in either shares or cash depending on what they decide at the time. Therefore as stated they'll be able to use the free cash on operations and Lind take shares with a conversion price of share price + 50% premium. A great deal for us. We have to make a September payment of 2.3m shares at 3p though, I guess the sweetner for Lind. LK has obviously told them they're gonna make their money when the share price is well above 4.5p, they'd have potentially 21m shares then with an average just over 4p. Clearly if the company elects to give them shares per month for tranche 2 their average price will change a little especially if we go over 3-4p on waterflood etc. Regards, Ed.
27/8/2017
15:47
nexus7: From Dazbrad Sat 09:27 ------------------------------------- RE: ?!? Phirpo - Its hard to say what the share price could be in 12 months so I'm not going to stick my neck out here. However, your opinion on the BOD is not wrong, at least there is no evidence to suggest otherwise. The potential price has many variables that could influence it... LK has put out a figure of $500m m'cap that he sees achievable, but has also said that his plan is 3-5years, which outside of 12 months includes a possible expansion to South America. Off the top of my head, I believe that Waterflood projects B, C & D may also be outside of your 12 month window. Within 12 months we have Smart pumps being installed to uplift production from existing wells - part of LKs cash flow positive by Q4 2017 strategy. Part of the same strategy includes reactivating and optimising old wells within our Bonasse lease. Everyone is expecting news to be announced on Waterflood project A anytime up to the AGM on the 14th Sept. This may not help increase the pressure in existing wells, but if it does work well....then we are in for one hell of a ride! ....Even if the waterflood doesn't work as anticipated, the previous mentioned actions should propel us north enough to realise very good value. Personally, because of how low the share price is, when news is announced, I think we will see a huge spike in price which will then normalize ready for its northward run as CERP becomes a monster! 12 months or the full 5 years, I like to think that were winners whatever your time limit in CERP maybe....I just think that youll see the best value from South America which would have demonstrated that LK is no different in CERP as he was in TAQA. Good luck all.
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