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% 6.00p 5.90p 6.10p 6.00p 6.00p 6.00p 725,675 07:44:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.5 -11.9 -0.2 - 38.95

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Date Time Title Posts
22/1/201811:15Lind issued monthly with millions of 4.5p shares SELL at 7,25p!608
21/1/201819:15Columbus Energy Resources PLC 3,142
21/12/201708:37CERP is a pump n dump share SELL imo195
18/12/201718:22Understate...over perform3
09/10/201709:16CERP for TWERPs LGO loser662

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Columbus Energy (CERP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:24:316.0315,500934.65O
11:20:085.928,000473.60O
11:17:476.1070,0004,270.00O
11:04:415.97168,12110,030.10O
11:04:125.9758,0003,460.28O
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Columbus Energy (CERP) Top Chat Posts

DateSubject
22/1/2018
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 6p.
Columbus Energy has a 4 week average price of 4.60p and a 12 week average price of 4.60p.
The 1 year high share price is 8.03p while the 1 year low share price is currently 2p.
There are currently 649,206,426 shares in issue and the average daily traded volume is 2,526,973 shares. The market capitalisation of Columbus Energy is £38,952,385.56.
16/1/2018
13:36
the guardian: It's all on the website under Q&A: As confirmed in the RNS of 11 September 2017, the Company at that time had successfully re-negotiated certain terms of the Lind convertible security funding agreement which involved, amongst other changes, the granting of 17,992,308 shares to Lind to be held in escrow for at least six months. As part of this re-structuring Lind agreed to increase the conversion price for the first tranche of the loan that was outstanding from 3p per share to 4.5p per share. The Company also confirmed on 19 September 2017 that application for the above-mentioned shares, together with a further 2,307,692 shares relating to the repayment of loan due for the month of September, had been made to the London Stock Exchange and that it was expected that admission to trading and dealings in these shares would commence on 22 September 2017 (subject to the six-month escrow requirements of course). Management were very pleased with this re-negotiation which was extremely well received by the market and contributed within a month to an increase in Columbus’ share price and market cap by over 120% when compared to the share price on the day before the restructure was announced. The 17,992,308 shares currently represent approximately 2.9% of the total shares in issue at today’s date (12 January 2018). Apart from the requirement for Lind to escrow the 17,992,308 shares for at least six months, there were no other restrictions placed on Lind who are entitled to take whatever action they wish on those shares at the end of the six-month escrow period. That said, Lind maintain a very positive relationship with Columbus management and in a meeting in early December 2017 indicated that they were very pleased with the progress achieved by the Company in recent months and were very positive about the long-term potential. They also indicated that they would not take any action which would have a detrimental effect on the Company’s share price and were looking for further share price growth before they may consider taking any action on their shareholding. In addition, as mentioned in the RNS on 21 December 2017, the total debt outstanding to Lind at the end of 2017 had been reduced to approximately US$1.35 million. The Company has budgeted to meet all repayments due to Lind in 2018 in cash, although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. Whilst Lind exercised their exclusive right in October 2017 to provide the Company with a second loan facility of US$750,000 that month (an amount which is included in the debt outstanding amount of US$1.35 million), Lind no longer have an exclusive right to provide any further funds to Columbus. To summarise, the Company is very happy with its relationship with Lind, who have been extremely supportive of the new strategy being undertaken by management, and is satisfied that Lind will act in a manner which ensures the Company’s share price is not detrimentally affected by any actions they may take in future.
15/1/2018
10:36
holly day: Morning offerman. Coming back to the debate on Friday about LIND's shares.... Yes, as Rossannan and Garhiem have beaten to death as well as confirmed by the company Q&A, the 2.9% stake is in escrow since 23rd Sept for 6 months. However, my point, perhaps not been made clear, was that they have had several conversions/allotments as per below, which may have been sold since...(extracted from various RNS's): -- 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. -- 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. 10/10 - 2,512,333 new ordinary shares ("New Ordinary Shares") @4.5p 8/11 - 5,067,242 new ordinary shares ("New Ordinary Shares") @4.5p Lind also exercised its right to convert a total of US$450,000 of the monies outstanding from the loans into shares at the re-structured conversion share price of 4.5p per share. ..., although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. ------------------ So the points I would make are: 1. A lot of the shares were issued before the OO and since they rank pasi-passu, would have been entitled to OO allotment. 2. They MAY have offloaded a lot if not all of those in the market since, so it could well be that it was their sales to have caused the share price drift. I have done some checks on LIND over the weekend, they are renowned in their field of providing finance and MOST of their funding is often converted in to stock. There have also been times when they have ended up with over 10% stake in the companies. So, we'll find out on or after 23rd March if they have a notifiable interest as the total number of shares allotted to them should be well over 3%.
12/1/2018
15:11
rossannan: Garnhiem80CERP have now responded to my question online, confirming that the shares are Lind's to do with as they see fit at the end of the escrow period:Updated Questions to the Team General Corporate In your 11 September 2017 RNS you state that “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).â€? Please confirm that at the end of the escrow period the 17,992,308 shares will be Lind’s to do with as they see fit. As confirmed in the RNS of 11 September 2017, the Company at that time had successfully re-negotiated certain terms of the Lind convertible security funding agreement which involved, amongst other changes, the granting of 17,992,308 shares to Lind to be held in escrow for at least six months. As part of this re-structuring Lind agreed to increase the conversion price for the first tranche of the loan that was outstanding from 3p per share to 4.5p per share. The Company also confirmed on 19 September 2017 that application for the above-mentioned shares, together with a further 2,307,692 shares relating to the repayment of loan due for the month of September, had been made to the London Stock Exchange and that it was expected that admission to trading and dealings in these shares would commence on 22 September 2017 (subject to the six-month escrow requirements of course). Management were very pleased with this re-negotiation which was extremely well received by the market and contributed within a month to an increase in Columbus’ share price and market cap by over 120% when compared to the share price on the day before the restructure was announced. The 17,992,308 shares currently represent approximately 2.9% of the total shares in issue at today’s date (12 January 2018). Apart from the requirement for Lind to escrow the 17,992,308 shares for at least six months, there were no other restrictions placed on Lind who are entitled to take whatever action they wish on those shares at the end of the six-month escrow period. That said, Lind maintain a very positive relationship with Columbus management and in a meeting in early December 2017 indicated that they were very pleased with the progress achieved by the Company in recent months and were very positive about the long-term potential. They also indicated that they would not take any action which would have a detrimental effect on the Company’s share price and were looking for further share price growth before they may consider taking any action on their shareholding. In addition, as mentioned in the RNS on 21 December 2017, the total debt outstanding to Lind at the end of 2017 had been reduced to approximately US$1.35 million. The Company has budgeted to meet all repayments due to Lind in 2018 in cash, although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. Whilst Lind exercised their exclusive right in October 2017 to provide the Company with a second loan facility of US$750,000 that month (an amount which is included in the debt outstanding amount of US$1.35 million), Lind no longer have an exclusive right to provide any further funds to Columbus. To summarise, the Company is very happy with its relationship with Lind, who have been extremely supportive of the new strategy being undertaken by management, and is satisfied that Lind will act in a manner which ensures the Company’s share price is not detrimentally affected by any actions they may take in future.
12/1/2018
15:06
jcgswims: Updated Questions to the Team General Corporate In your 11 September 2017 RNS you state that “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).” Please confirm that at the end of the escrow period the 17,992,308 shares will be Lind’s to do with as they see fit. As confirmed in the RNS of 11 September 2017, the Company at that time had successfully re-negotiated certain terms of the Lind convertible security funding agreement which involved, amongst other changes, the granting of 17,992,308 shares to Lind to be held in escrow for at least six months. As part of this re-structuring Lind agreed to increase the conversion price for the first tranche of the loan that was outstanding from 3p per share to 4.5p per share. The Company also confirmed on 19 September 2017 that application for the above-mentioned shares, together with a further 2,307,692 shares relating to the repayment of loan due for the month of September, had been made to the London Stock Exchange and that it was expected that admission to trading and dealings in these shares would commence on 22 September 2017 (subject to the six-month escrow requirements of course). Management were very pleased with this re-negotiation which was extremely well received by the market and contributed within a month to an increase in Columbus’ share price and market cap by over 120% when compared to the share price on the day before the restructure was announced. The 17,992,308 shares currently represent approximately 2.9% of the total shares in issue at today’s date (12 January 2018). Apart from the requirement for Lind to escrow the 17,992,308 shares for at least six months, there were no other restrictions placed on Lind who are entitled to take whatever action they wish on those shares at the end of the six-month escrow period. That said, Lind maintain a very positive relationship with Columbus management and in a meeting in early December 2017 indicated that they were very pleased with the progress achieved by the Company in recent months and were very positive about the long-term potential. They also indicated that they would not take any action which would have a detrimental effect on the Company’s share price and were looking for further share price growth before they may consider taking any action on their shareholding. In addition, as mentioned in the RNS on 21 December 2017, the total debt outstanding to Lind at the end of 2017 had been reduced to approximately US$1.35 million. The Company has budgeted to meet all repayments due to Lind in 2018 in cash, although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. Whilst Lind exercised their exclusive right in October 2017 to provide the Company with a second loan facility of US$750,000 that month (an amount which is included in the debt outstanding amount of US$1.35 million), Lind no longer have an exclusive right to provide any further funds to Columbus. To summarise, the Company is very happy with its relationship with Lind, who have been extremely supportive of the new strategy being undertaken by management, and is satisfied that Lind will act in a manner which ensures the Company’s share price is not detrimentally affected by any actions they may take in future.
10/1/2018
19:57
jcgswims: Updated Questions to the Team https://columbus-erp.com/investors/questions-to-the-team/ In the past, the Company provided operational updates to the market via RNSs on a very regular basis, sometimes weekly, but more recently the new leadership has limited the number of market announcements and has only been providing production updates quarterly. The lack of updates has the potential to lead to more volatility in the Company’s share price and potentially allows traders to speculate on a short-term basis. Why won’t the Company provide more regular market announcements of production and other performance as a means of improving information flow and better managing investors and other parties’ expectations? Columbus Energy has a very clear strategy to build a significant E&P company over the next 5 years and this has been very clearly outlined by the new management. This strategy is different from the previous management and so may well mean the share register will change over time which we are aware of. The Company is encouraging shareholders to grow with them and to be long-term shareholders which is in everyone's interest. The management have laid out very clear targets which they expect to meet and hope to beat but that cannot be guaranteed. The management will run the Company in the best interests to achieve the best long-term share price capital appreciation and they are aligned with our shareholders to do this. We are fully aware of our market obligations and are keen to keep our shareholders updated. To avoid confusion, any meaningful operational, business or price sensitive news will be announced without delay. In addition to this and as per our website, Columbus has made a commitment to publish its production updates at least quarterly to keep shareholders informed, in line with best practice in the industry and like many other E&P companies. Whilst certain AIM companies chose to provide more regular updates for their own purposes, we do not believe that providing short-term updates on day to day production would help the market fully understand the overall performance being achieved by the Company in our operations. Production performance is just one aspect of how the Company wishes to grow its value. We also do not want to encourage short-term trading through such market announcements. In any company, there will be short-term issues affecting any operation (good and bad) which if looked at in isolation may mis-lead the reader about real performance being achieved. The Company believes that reporting on such matters could introduce even greater volatility to the Company’s share price to the detriment of all shareholders. Reporting on all aspects of production, operational and business performance, taking account of the good and the bad (and the ugly!), will, the Company believes, provide the market with more meaningful information when undertaken in a co-ordinated and measured fashion. As mentioned above, it is industry best practice to provide production updates on a quarterly or half-yearly basis, with other operational or price sensitive announcements being made without delay. The Company will adopt best practice in such matters and will not seek to obtain short-term gain through communications for the sake of it.
10/1/2018
14:58
garnhiem80: Ross, if it was a simple “sweetenerR21; I’m pretty sure those shares wouldn’t have been put in escrow for a minimum of six months, with a notification of share price issue. Sure these shares will hold value at some stage, once out of escrow (voting rights applied and tradable) they will hold the value of the current share price at the time and a total value. The loan requires capital (in lenders name) as security.. if in the event of default the shares would be released at the prevailing share price and more shares could be issued to cover the debt (if required). I base my suggested theory that the shares could be returned once the loan is cleared, though the position that the company is in a strong financial position to meet its financial obligations and the shares in escrow for a minimum of six months would not be required. CERP can’t control the oil price, it can control operation costs and oil output.
21/12/2017
12:20
meep: Northpole, you have answered your own question : "Who is printing shares?" when you said: "the exec directors take 50% of their pay in shares, aligning themselves with the investors and the future. Even the M&A Director will take 50% in shares as per today's RNS!" So Leo, the board, senior management are all getting new shares. Ritson is still there as an advisor. Collectively, this is a lot of dilution. Leo didn't come cheap. I think Leo at least is getting his salary at around 2p share price set when he joined, so gets far more shares than if the calculation was at current share price. Debt interest was also diluting us of course. Although we can pay that from our cash next year. But you say Cerp is close to break even? Our operating costs are low, but there's other costs. Break even is where all costs are covered except debt and capex. So Touchstones debts and capex spend are irrelevant to their break even level. Touchstone cant break even at 1500 bopd and has similar costs to CERP. That's why I say realistically we need production at triple or 4x current levels.
15/12/2017
10:01
edgein: Good morning Roseann, How many CERP did you get sub 2p? Just think of how much of the losses from CHL you could have clawed back from CERP. Ignore value at TRIN really? High risk drilling at TRIN more like, with years of declining production. I'll stick to the ride here at CERP, like LK said when he joined and before he got Schroders involved, its gonna be great. We've already smashed his 3p and 6p share price targets, he has more though right up to 24p. Even suggested turning CERP into a $500m company. I guess that's why the recent broker note has a 26p price target and a buy rating on these. Spain is neither here nor there for CERP, its really important for the Spanish staff though so I hope the authorities give them some +ve news for Christmas. Spain was written off the LGO books under NR so has little value or relevance to CERP. However if they get the licence and get a jv or sale it may fetch a few mill as your post suggets. But its all eyes on Goudron right now and the huge contingent on that one as well as the plans for SA acquisition and SWP drilling. No wonder Schroders spotted a bargain here at 5p and the broker note has 26p on it. Still time to claw back some of those CHL losses fella. At least you'll be able to watch CERP as it progresses, that will cost you nothing, your investments on the other hand may be a different story. Regards, Ed.
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
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.
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