Columbus Energy Resources Share Discussion Threads

[arrynillson] 29/12/2017 12:06

12bn - in my last post to you I referred to you telling lies about the company and your net back lie was one of your biggest porkers!

You regularly told us the net back at WTI $50 was around $20 when the CEO had stated the figure was close to $30 on the revised deal CERP had negotiated ( which you chose to ignore for your own reasons! ) - so 12bn you were understating revenue by around 50% - why would someone misrepresent like that 12bn?

[12bn] 29/12/2017 11:39

I notice a lot of talk about the WTI price on the other thread,I hope all holders realise that CERP just gets net backs from Petrotrin after taxes etc. The % take of the taxes INCREASES if the WTI price is over $50 a barrel. I don't know exactly what Petrotrin pays to Cerp at $60 WTI but years ago it used to be around $25 a barrel and I wouldn't expect it to be much more now,although I am sure somebody will have up to date figures.

[nexus7] 29/12/2017 11:22

Oil Resurrection Sets Stage for Another OPEC-Shale Clash in 2018

→ OPEC cuts drive price gain as threat of U.S. output persists
→ WTI, Brent up more than 11% this year; set for 2nd annual gain

Oil’s revival from the biggest crash in a generation persisted, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between OPEC and U.S. shale.

Futures are up more than 11 percent in 2017, having entered a bull market in September. The year’s gains were driven by output cuts by the Organization of Petroleum Exporting Countries and Russia, along with geopolitical tensions in the Middle East and pipeline disruptions from the North Sea to Canada and Libya. In 2018, investors will watch whether the price recovery triggers a new flood of U.S. output...

[arrynillson] 29/12/2017 10:58

12bn - you do yourself down - if you were just an old cynic you would just make a few comments, conclude that the risk reward characteristics of this share didn't suit your attitude to risk and move elsewhere ( like KOD!) - you don't do that - you spend day after day attempting to ' dis ' this company and express glee whenever the share price falls back by more than half of one per cent! You actively advised shareholders to sell only weeks ago when the share price was in the low 2s thereby generating huge financial loss for those who took your advice and you tell lies about this company - what's not to like about you 12bn?

[the guardian] 29/12/2017 10:52

At $60.10 WTI now more than 33% above the price used at the AGM strategy presentation.

[offerman] 29/12/2017 10:19

Looking forward to next RNS before end of March to show increased BOPD output. Maybe bolt completed further news on SWP setup toward mid year drilling . Any maybe the odd surprise before then by way of RNS? I'm hoping for RNS hear and there to keep things interesting and share price to hold up...........

[12bn] 29/12/2017 10:01

I am just an old cynic Northpole2,I have seen work-overs,infill wells,wells drilled to the C sands,the Goudron level sands,nothing seems to have got the production up for the long term. Water-flood is the next great hope but hope is all it is, as it never worked for RRL in Trinidad and I reckon that it probably won't work for CERP.

[northpole2] 29/12/2017 09:36

You are just guessing 12bn. Just guessing. Why can't you believe that things can change? Happens all the time with new management. Mr Depressed and also Mr It'll Never Work. Such a shame to live your life that way.

[12bn] 29/12/2017 08:35

HPotter,could you lend Leo your magic wand please,as he reckons that he will need it big time if he is ever to change this £4m a year loss maker into a profitable company.

[hpotter] 28/12/2017 15:42

Tesla has yet to make any money but its share price now exceeds Ford Motor corp.
Like Elon Musk, Leo Koot has the vision to do things differently. He also has the assets, the money and the backing of investors.

[12bn] 28/12/2017 15:18

4:48:30 5.5000 250,000 O 5.5000 5.6000 Sell 734,325 1,212///// 250k seller around again,Lind? 'Things will be different this time',well I don't think that they will be Northpole2,we shall see.

[arrynillson] 28/12/2017 14:43

Northpole2 - 12bn would probably have told Argos ' a shop with no goods on display - that won't work!'!

[northpole2] 28/12/2017 12:34

Do you actually believe this about any new management team joining any company? That they can't change the past and make a difference by taking a different approach? Isn't it possible that LK can actually deliver on the basis he has done this a number of times before and created a $2.5bn valued company (Taqa UK) from nothing in 5 years? This doesn't appear to be a ramper who is trying to make a quick buck. Why do you think he chose to join LGO/Columbus? To make a few quid when he was effectively retired living a good life? That's not his style, he's the type of person who wants to deliver and it looks like he's made a good start. He didn't need the job and presumably took it because after he did his due diligence (and looked through the fog of the past) he actually believed in the assets in Trinidad and their potential, he said that at the AGM. And the fact they have 38 API oil near the surface which is brilliant for waterflood. And that he believes waterflood will work, because he's done it before and can see what could be done on Goudron. SA says the same. So, you don't know it won't work. You are guessing. imo. And you should give credit for what LK has done to date. The share price is 3 times what it was this time last year. Not bad for any company. Time to have some belief 12bn because LK clearly has and so do the likes of Schroders who are astute and measured investors. And just because LGO lost money in the past doesn't mean that's the case with Columbus. Things change!

[12bn] 28/12/2017 11:35

Northpole2,just where did I say Cerp were drilling to 12000 ft? I said that I thought the source reservoir of oil was around 12000 ft down and I said that this depth has only been drilled once and that was not by LGO. Arry is just an idiot who I have on filter and I don't intend replying to his nonesense. Lgo/Cerp is a loss maker who have tried work-overs,new wells etc and now are embarking on water-flood because neither of those attempts worked out. RRL failed with water-flood and I am sure Cerp will as well. Koot seems just like NR except he ramps more. This will end in tears for holders as imo sooner or later Koot will return with the begging bowl. His magic wand 'it will be different this time' will fail,imo. :)

[northpole2] 28/12/2017 10:09

12bn... see arryneilsons post below, quite insightful. By the way... cerp is NOT drilling to 12,000 feet, that's just total nonsense. They're playing with a reservoir which is only 150-1,100 feet. Fact. You are right in that the waterflood may not work. But two experts (LK and SA) who have done waterflood many many times before think it will work here and are adopting a different approach to RRL, a process they got up and running in a few months at low cost. If they think it will work then it's a reasonable shout to believe them given their past records.

12bn - obviously even buffoons like yourself are entitled to an opinion but most are agreed the reason is lack of pressure hence the discussion about water flood and the new management idea to use electric pumps to increase flow from old wells ( rather than blow huge cash on new drills ) - if you read the latest rns you will note the significant success they have achieved with that MO - ( you chose to misread the rns and came up with your ex maths teacher ridiculous equation which you couldn't then make sense of!) - you don't get it that the new management have a new system that's working! - yes they don't always have it their own way - they admit to having some problems ( like pumping oil back down a neighbouring well because of failure of a non return valve ) but that is now addressed. You can't overstate the value of a non return valve 12bn - you should get one yourself 12bn hahahahahaha!

[arrynillson] 28/12/2017 09:17

12bn - can't read my posts - can't read a rns - quite a handicap you have created for yourself - but don't worry 12bn you can rely on me to give your posts the respect they deserve hahahahahahaahahah!

[12bn] 28/12/2017 08:40

arrynillson28 Dec '17 - 08:08 - 469 of 469 (Filtered) /////Sorry arry,I cannot read your post,I doubt that I have missed much! :) ps not many mugs buying today I see.

[arrynillson] 28/12/2017 08:08

12bn - obviously even buffoons like yourself are entitled to an opinion but most are agreed the reason is lack of pressure hence the discussion about water flood and the new management idea to use electric pumps to increase flow from old wells ( rather than blow huge cash on new drills ) - if you read the latest rns you will note the significant success they have achieved with that MO - ( you chose to misread the rns and came up with your ex maths teacher ridiculous equation which you couldn't then make sense of!) - you don't get it that the new management have a new system that's working! - yes they don't always have it their own way - they admit to having some problems ( like pumping oil back down a neighbouring well because of failure of a non return valve ) but that is now addressed. You can't overstate the value of a non return valve 12bn - you should get one yourself 12bn hahahahahaha!

[12bn] 28/12/2017 07:30

LGO/Cerp has always needed extra funds to cover salaries and running costs etc. They may be funded for their '2018 drilling programme' but my guess is that they will still be running at a big loss over-all,as per usual. The work-overs have failed to keep production up and if RRL are anything to go by,then water-flood will just wash money down the drain. There has to be a reason why all the new infill wells and old work-overs failed to keep production up,what is it? I remember when LGO was doing nearly 2000 bopd,when 1 well,gy670 came in at 6000 bopd open flow,1000 bopd choked but it didn't last,WHY? My guess is that the oil is in small segments and these run out quickly. I think that there is probably a source reservoir at around 12000 ft but drilling to that depth has always been prohibitively expensive ($15m-$20m) and too risky. (It was tried once,not by LGO and the drill bit was lost and the well abandoned).

[bushman1] 27/12/2017 23:40

12bn. Read the brokers note ~ 12th Dec. 2017 ~ and desist in your foolishness. Thank you.

[northpole2] 27/12/2017 19:22

No, I simply believe what the cerp directors tell the market and know that they know they can't tell porkies as directors. I suspect you will have to wait a long time before that fund raising. In the video they said they were fully funded for their planned 2018 program and also said that in the RNS. I'm assuming their Nomad would have checked that out too, they like covering their proverbials. So we shall see but cerp don't look like doing any fund-raising soon.

[northpole2] 27/12/2017 15:07

They're falling 12bn? So what? They're also rising. Things fall and rise all the time. I wondered when you would bring up Lind. They are not relevant! Get over it. Schroders are no mugs who have been "taken in", they manage a 3 trillion US$ fund. Stop treating them like fools, they know a bit more about investment than you. They actually believe the story. And CERP has stated it does not need to raise funds in 2018...that is in writing.