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
  +0.45p +11.32% 4.425p 4.35p 4.50p 4.475p 3.925p 3.975p 19,145,505 16:25:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.5 -11.9 -0.2 - 23.86

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Date Time Title Posts
19/9/201723:05Columbus Energy Resources PLC 753
19/9/201721:22CERP for TWERPs LGO loser258
06/9/201711:34CERP pump and dump stock with new name169
28/6/201708:45Craplast4
27/7/201021:51Cereplast39

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Columbus Energy (CERP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:29:394.4450,0002,220.00O
15:27:154.38135,8965,945.45O
15:26:104.4422,321991.05O
15:25:204.448,896394.98O
15:24:484.3735,0001,528.10O
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Columbus Energy (CERP) Top Chat Posts

DateSubject
19/9/2017
09:20
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 3.98p.
Columbus Energy has a 4 week average price of 2.23p and a 12 week average price of 2.23p.
The 1 year high share price is 4.48p while the 1 year low share price is currently 0.09p.
There are currently 539,197,502 shares in issue and the average daily traded volume is 19,174,045 shares. The market capitalisation of Columbus Energy is £23,859,489.46.
13/9/2017
08:00
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!
12/9/2017
12:57
brasso3: Columbus Energy Resources CERP has announced that it has successfully renegotiated certain terms of the $8.9m convertible with Lind Partners. They have increased the conversion price from 3p to 4.5p and increased the funding agreement by $750,000. With the possibility of taking the repayments in cash or shares (next month will be shares) CERP now have more flexibility and hopefully a floor under the share price. In recent months much has changed at CERP, existing already implemented initiatives have reduced the cost base and increased production, from existing cash resources and the company expect to be cash flow positive by Q4 2017. I met with new Chairman Leo Koot again last week and he and his impressive team are working hard to enhance production and pursue an interesting exploration portfolio. I expect continued news flow and of course the company are actively looking to expand south into Latin America in due course. hxxp://www.malcysblog.com/
11/9/2017
13:31
jcgswims: http://www.malcysblog.com/2017/09/oil-price-jersey-oil-gas-providence-resources-columbus-energy-resources-finally/ Columbus Energy Resources CERP has announced that it has successfully renegotiated certain terms of the $8.9m convertible with Lind Partners. They have increased the conversion price from 3p to 4.5p and increased the funding agreement by $750,000. With the possibility of taking the repayments in cash or shares (next month will be shares) CERP now have more flexibility and hopefully a floor under the share price. In recent months much has changed at CERP, existing already implemented initiatives have reduced the cost base and increased production, from existing cash resources and the company expect to be cash flow positive by Q4 2017. I met with new Chairman Leo Koot again last week and he and his impressive team are working hard to enhance production and pursue an interesting exploration portfolio. I expect continued news flow and of course the company are actively looking to expand south into Latin America in due course.
11/9/2017
13:05
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
08:45
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
08:40
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
16:47
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.
07/8/2017
11:18
dodge city: What happened, no BRR media or tweets today, no wonder the share price has dropped. Koots needs to put out a tweet every day otherwise the share price will drift back to 2p.
31/7/2017
19:18
the guardian: Thanks for the link jcg. Been out all day so just got to read it. A repeat of everything we've heard before with the exception that he mentioned producing 500 bopd. Too much to have just been a round up from 420 bopd so looks like the work to enhance production has already started. If that's the case, I would prefer that the company holds of a production RNS until the increase is more substantial and likely to raise the share price. I think that is our problem. Take UKOG where there has been no production, just big numbers bandied about. That was sufficient to send the share price into orbit briefly last week wheras small incremental increases that reflect real production seem to be lost on the market nowadays. Nice to know that the company is moving forward and another positive interpretation of our assets and future.
26/6/2017
21:25
the guardian: LGO was range bound and until LK can prove that his strategy is working, there is no reason to believe that the former situation will not continue. I would like to think that the volatility in the share price has gone but I believe that it will take some time before punters realise that there will genuinely be no more placements and no more initial production flows that rapidly decay. I also agree that the T10/20 punters will have played a part in dropping the share price A couple of weeks ago, the prospect of a super RNS accompanying the name change seemed to be a foregone conclusion. Alas, the poor private investor got it wrong again. In my experience, logic rarely applies to AIM. So, LK is due to be in Trinidad this week to see the first drill taking place. I think that this is more to see if his 'values' are being adhered to rather than the technicalities that will be closely monitored by the Country Manager. So, once again, will there be an RNS after his visit? - Time will tell but I can't wait to see the day when the share price begins to grow and isn't knocked back by 30% every time it seems to be on its way to a new high.
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