Columbus Energy Resources Share Discussion Threads

[holly day] 25/1/2018 13:03

Sorry rossannan, I think you are picking on things that were not my intentions to discuss, namely, I am not interested in REDT, the point of my post was highlighting Schroders, who they are, their performance over the years, why they have chosen to invest in CERP and that the man in charge of their fund is no amateur. REDT was only mentioned by the other poster.

As for Range, wrong point there again! I don't care about the company, but was merely citing their WF results and that we too perhaps can look at similar increase in production with that approach.

[the guardian] 25/1/2018 13:03

holly, well done. A couple of very good posts there and showing that water injection is a very sensible and efficient way of increasing production.

You've also begun to spot the doom mongers, trolls, call them what you like. There are people on these boards who state lies as fact. The worst one I have come across was about 12 years ago when someone supposedly copied a very bad RNS onto the bulletin board of a share I owned. They had in fact created it themselves and no RNS had officially been issued.

JCG, thanks for the BRMedia video. We continue to get quality people on board. It is noticeable that everyone feels inspired and can't help smiling when asked how they feel about being part of the company.

[12bn] 25/1/2018 13:02

Northpole225 Jan '18 - 11:13 - 637 of 638
0 0 0
12bn. You've been proved wrong, yet again. You said you thought Schroders have set up a high risk fund and a young fund manager is trying to make a name for himself? Wrong. From the other CERP thread.////// Northpole2,I did not say that 'I thought Schroders had set up a high risk fund' I merely said that they could have since Redt suddenly has them on board. I read that post on the rampers only thread.

[northpole2] 25/1/2018 11:13

12bn. You've been proved wrong, yet again. You said you thought Schroders have set up a high risk fund and a young fund manager is trying to make a name for himself? Wrong. From the other CERP thread.


Schroders co-head of pan-European small caps Andy Brough (pictured) has sunk £3 million into a capital raising by Trinidadian oil and gas explorer Columbus Energy Resources, following a boardroom shake-up.

Brough, who directly runs the £1.1 billion Schroder UK Mid 250 and £705 million UK Smaller Companies funds, will take 10% of equity in the business following the investment.

His backing, which installs the house as one of the first major City institutions on the share register alongside long term backer Commerzbank, occurred alongside a £1 million open offer

Columbus Energy effectively relaunched this spring, changing its name from LGO Energy as industry veteran Leo Koot was installed as executive chair.

A series of capital reorganisations and a 2015 default - against a backdrop of the collapse in oil prices - have cut the share price 93% since 2014, from 120p to 7p following this week’s cash injection.

Koot said: ‘Columbus is thrilled to welcome such a reputable institutional investor like Schroders onto our share register.

‘The new senior management team has worked hard to transform the business and through our initiatives, we are still on track to be cashflow positive by the end of the year.

‘We could have carried on at our current activity levels, however Columbus has a rare opportunity to accelerate its 2018 work programme, pursue value adding M&A opportunities, further grow our production and in turn our cash flow, as a result of the investment by Schroders.’

Over the last three years Citywire + rated Brough has returned 58.8% versus a small cap peer return of 49.5%.

About Andrew Brough

An Economics graduate from Manchester and a fund manager with more than 20 years’ investment experience behind him, Andrew Brough co-heads the Schroder pan-European small and mid-cap equity team. Brough runs unit trusts, including the Schroder UK Mid 250 fund, and a number of specialist institutional mandates for Schroders. Brough argues that mid-caps have greater potential for continued growth than larger companies, and he will often invest in companies with a unique product or service for which demand is strong. Conversely, he is disciplined in selling a stock if there are signs that increased competition will mean that company's unique advantage has been lost. He adopts a bottom-up investment style targeting firms with quality management and effective business models. Brough was born in Wallingford, Oxfordshire, in 1960 and has been with Schroders since 1987.


Hardly a new fund or a new kid on the block trying to impress anyone!

[arrynillson] 25/1/2018 11:12

12bn - glad you have taken time out to absorb the Festinger theory - if it helps some might think NR should also have acquainted himself with it!

[edgein] 25/1/2018 11:00

Holly,

Schroders bought in here for the quality of the assets, the quality of its management and the future. CERP are the fastest growing independent in T&T and is targeted to repeat that success in 2018 with production estimated to increase between 70-220% this year. Forget what the nutters say, some of them have recently took up residence on this thread too it seems, ramping their other holdings.

Regards,
Ed.

[edgein] 25/1/2018 10:55

Jcg,

Cheers fella, sounds good to me, very exciting year ahead once they complete the new terms for the bolt deal to reflect the current oil price.

Regards,
Ed.

[holly day] 25/1/2018 10:52

There's a guy repeatedly bashing CERP on the other thread, with absolutely nothing to back up his arguments with. His recent "Schroders are invested in Redt as well,this is another risky Aim share that they were never in previously,I reckon that they have set up a new high risk fund and it is some young fund manager trying to make a name for himself."

Far from it....

Schroders co-head of pan-European small caps Andy Brough (pictured) has sunk £3 million into a capital raising by Trinidadian oil and gas explorer Columbus Energy Resources, following a boardroom shake-up.

Brough, who directly runs the £1.1 billion Schroder UK Mid 250 and £705 million UK Smaller Companies funds, will take 10% of equity in the business following the investment.



His backing, which installs the house as one of the first major City institutions on the share register alongside long term backer Commerzbank, occurred alongside a £1 million open offer



Columbus Energy effectively relaunched this spring, changing its name from LGO Energy as industry veteran Leo Koot was installed as executive chair.

A series of capital reorganisations and a 2015 default - against a backdrop of the collapse in oil prices - have cut the share price 93% since 2014, from 120p to 7p following this week’s cash injection.

Koot said: ‘Columbus is thrilled to welcome such a reputable institutional investor like Schroders onto our share register.

‘The new senior management team has worked hard to transform the business and through our initiatives, we are still on track to be cashflow positive by the end of the year.

‘We could have carried on at our current activity levels, however Columbus has a rare opportunity to accelerate its 2018 work programme, pursue value adding M&A opportunities, further grow our production and in turn our cash flow, as a result of the investment by Schroders.’

Over the last three years Citywire + rated Brough has returned 58.8% versus a small cap peer return of 49.5%.


About Andrew Brough


An Economics graduate from Manchester and a fund manager with more than 20 years’ investment experience behind him, Andrew Brough co-heads the Schroder pan-European small and mid-cap equity team. Brough runs unit trusts, including the Schroder UK Mid 250 fund, and a number of specialist institutional mandates for Schroders. Brough argues that mid-caps have greater potential for continued growth than larger companies, and he will often invest in companies with a unique product or service for which demand is strong. Conversely, he is disciplined in selling a stock if there are signs that increased competition will mean that company's unique advantage has been lost. He adopts a bottom-up investment style targeting firms with quality management and effective business models. Brough was born in Wallingford, Oxfordshire, in 1960 and has been with Schroders since 1987.


Hardly a new fund or a new kid on the block trying to impress anyone!

[jcgswims] 25/1/2018 10:47

BRR interview with Tony Hawkins

[holly day] 25/1/2018 10:45

rossannan, yours "I don’t think it’s right to judge CERP by waterflood results because CERP isn’t really about waterflood or Goudron anymore - it wouldn’t have a £32million MCAP if it was"

True half/half. Long term Leo's looking to fry a bigger fish. However, CERP is trying to consolidate it's production and add further to a handsome kitty to enable growth. WF is the perfect way to achieve that.

I have previously mentioned Range's trials with WF....very promising. I have been keeping an eye on their WF programme to get an idea of what benefits we may achieve with WF.

In their January RNS, they included the following update...(snippets)...


Waterflood update

Range's focus in Trinidad continues to be on the production growth from its waterflood programme, with over 70% of total reserves attributed to these projects - approximately 11 mmbbls of 2P reserves.

Production from the waterflood programme has been increasing over the last months, with 40% of current production now attributed to waterflood. The growth in waterflood production has offset the decline in primary production at the Morne Diablo field. Two of the Company's waterflood projects are currently in production: the South East area of Beach Marcelle field, and the Morne Diablo field.

Since commencement of water injection at the South East area of the Beach Marcelle field 18 months ago, production from the field from waterflooding has increased by approximately 200 bopd. The Company is currently injecting water from the existing water source wells. The total water injection into the area to date exceeds over 400,000 barrels of water.

To increase the water injection rate further, the Company has completed the construction of a pipeline to connect to additional water supply from Petrotrin's gathering station at the Beach Marcelle field. Petrotrin's water has the potential to increase the injection rate by additional 700 bwpd. Transfer of Petrotrin's water has been temporarily suspended, pending installation of a new pump.

Production from Range's second waterflood programme at the Morne Diablo field continues at an average rate of 40 bopd. The Company has completed injectivity tests on other parts of the block and continues to analyse the results.


Waterflood programme expansion

The Company has been undertaking initial preparatory work (including injectivity testing) on other parts of its acreage, and is planning to expand its waterflood programme to other areas of the Beach Marcelle, South Quarry and Morne Diablo fields, with initial work expected to commence towards the end of 2018 and into 2019.



For more details:

[the guardian] 25/1/2018 08:30

America first. Trump won't be giving any guidance to reduce oil production.

[offerman] 25/1/2018 08:23

Further cuts too between Russia and Saudi and then no doubt other non OPEC countries might agree. It's in all their interests to have th poo higher as most OPEC and non OPEC need prices above 75$ pb up to $130 pb for worst case countries.Also Saudi couldn't go on forever depleting their own reserves . They started making lives very difficult for many peopleWith cutbacks as they had to claw in revenue from sectors .... Seemed inevitable that the price would rise and be managed upward as all producers were suffering. The only one long term concern for m about poo is shale. Eventually they will return in droves even if the rig count has been dropping despite rise recently. There will be a lag effect but let's just hope shale will see logic next time and not shoot them selves in the foot . By all means produce but get some good sharing load balancing kind of agreement going on so everyone benefits with a steady price not too high not too low . 80-90s should help nearly everyone.

[offerman] 25/1/2018 08:15

Wow wtiNice rise .....

[the guardian] 25/1/2018 08:05

WTI $66.14.

More revenue and a better future.

[arrynillson] 25/1/2018 00:01

Rosie - normally posters are in or out of CERP - whether you believe company xyz is better than CERP at a particular time is of no interest to me. Normal posters mention other companies in passing you don't - you have an agenda to promote and those that are aware of your slippery MO have seen it all before - seems like posters on LSE are finding you rather tiresome is that why you're back here?

[nexus7] 24/1/2018 19:55

Oil Markets Relieved After EIA Reports Crude Inventory Draw

A day after the American Petroleum Institute surprised the market with a substantial inventory build, the Energy Information Administration dispelled doubts about the balance between supply and demand by reporting a draw of 1.1 million barrels for the week to January 19.

This compares with a draw of 6.9 million barrels for the week to January 12...



Btw WTI: $65.76

[the guardian] 24/1/2018 17:33

ross, I think that your mistake was simply not using the present tense for TXP and the past tense for LGO. Do not see the point of comparing two companies on the basis of one in the past and one in the present. Is that why the posters on LSE call you slippery?

Would you agree that CERP is now the better investment and warrants selling your TXP shares in order to buy a meaningful amount of the better option?

I would hate to see you miss out any future rise!

[carpadium] 24/1/2018 16:27

You made it plain enough for me rossannan, if folk cannot now determine CERP from LGO they shouldn't be investing.

[northpole2] 24/1/2018 15:24

Ross. LGO (now named Columbus) does not have onerous debt. Since when was US$1.2m (reducing monthly) "onerous" for an oil company? That must be the smallest debt held by nearly any oil & gas production company I know of. TSP's US$12m IS onerous in the context of their MC. And CERP's new leadership is taking half their pay in shares, not taking all their pay in cash out of the Company. TXP's 7 BOD take their fees in cash. Not exactly similar.