Columbus Energy Resources Share Discussion Threads

[nexus7] 01/3/2018 16:03

And now the weather:

Arctic Intrusion’ Set to Bring Havoc Deep Into March

→ More volatilie prices coming along with cold weather
→ Gas storage tanks depleted at the fastest rate for 10 years

[arrynillson] 01/3/2018 09:21

12bn - doesn't seem like holders are bothered what you say - you should be more concerned about readers who took your advice to sell at 2p only weeks ago - your careless talk costs money 12bn!

[12bn] 01/3/2018 08:12

Is no news 'bad news'? The silence from the company could be because production numbers are really poor imo. We should see in a few weeks time,heads back in the sand until then holders. :)

[12bn] 01/3/2018 07:44

We shall see Northpole2. My guess is funding will be needed and we will hear about it eventually but without insider knowledge I do not know when. It is just imo of course but past experience does suggest that it is highly likely.

[offerman] 28/2/2018 13:21

Morning HolyThat's really kind. Many Thanks as well for you post and perhaps you and TG are both correct and maybe I was wearing some rose tinted specs as LK seems so convincing .If they drop then I could say well at least I didn't put that lot in and if they rise well then a tidy profit COULD happen. So once again thank you guys n gals. Much appreciated. Be grateful for what I have.

[holly day] 28/2/2018 11:58

rossannan, I agree that they are probably very busy getting on with their strategy and I too was was always wondering what shock and horror rns would arrive under Ritson. It's not as we are drilling a new well and timescales can be estimated. I'd say they've been working on WF trials for approx 3 months now, add to it further workovers. I personally think the progress on W|F should be rns'd separately as it's a new approach by the company. Workovers/stimulation is part and parcel of 'routine' work now imo. Let's also hope that BOLT/SWP plans are moving more efficiently than the Spanish snail pace.

[holly day] 28/2/2018 10:50

Morning offerman. Been following your misfortunes on the BB, but kept clear of the debate as I am sure you have a good handle on your life and future. Cloud and silver lining comes to mind. May be it's fate. I too knew some big hitters on the stock market. One got wiped out when one of the Spread bet companies went under (whilst sitting on big profit on a long) and others trusted the management of an aim company to the hilt and it went t!ts up. Nevertheless you seem to have a good holding here and hope you recover all your previous losses elsewhere. GL.

Despite the drop in the SP, I am reluctant to top up, even though I can afford it. IMO, we are seeing a classic reaction to news black-out and like TG, I think at this early stage of a rebuild, we should be hearing something on a more frequent basis than relying on 3 monthly update. Slightly comforting that the share price is now below Schroders average.

[offerman] 28/2/2018 09:22

And thanks for the accounts of those guys Makes me feel a bit better

[offerman] 28/2/2018 09:21

Maybe guardianMaybe you're right And if CERP does go upThen I'll just be grateful for the ones I have .If they could reach 60p in 3-4 years that'll still be some return .

[the guardian] 28/2/2018 09:04

offerman, I know / knew a couple of people on ADVFN who remortgaged their houses to the hilt in order to buy shares in a company that they were sure would succeed.

Both ended up losing everything. One of them disappeared shortly afterwards - a broken man and the other is still trying to recover about 15 years on.

Look on it as good fortune that the bank turned you down. Remember, never invest money that you can't afford to lose.

[offerman] 28/2/2018 07:43

Plus I would have had 1.1 or 1.2 million shares then as new shares would have added on to my already small holding of 600 000 shares

[offerman] 28/2/2018 07:42

Bank would not give remortgage as I'm self employed She wants to keep place and I said ok but I need something so I was going to invest half of what i got not all of it as like you said not eggs all in one basket So was perfect time as price down This was my chance to invest to make moreTo get my own place for meAnd my son But ffs bank said no

[the guardian] 27/2/2018 17:13

That's a lot of extra shares offerman. You wanted the price down and it is, but now you can't afford the shares. Double downer!

[limmershin] 27/2/2018 11:48

Now arry, cheeky!
But then you don’t have to be a member of MENSA to work that one out!
Regards to all genuine LTH’s,
L

[northpole2] 27/2/2018 11:14

And my own comments, words taken from CERP's RNS in December... "The Company is fully funded for its 2018 work programme as a result of its positive cashflow position and the funds, totalling US$6.0million, which were received in October and November 2017". And as the company mentioned a waterflood campaign and Bonasse reactivation in its work programme for 2018, that is clearly funded. And as anyone with a shred of knowledge about oil companies know, "work programmes" include all associated costs for that work programme, including all salaries and support costs. LK made it clear in the video too that all planned activities and costs for 2018 were funded. Don't think a placing is on the horizon anytime soon.

[arrynillson] 27/2/2018 11:10

Limmy - presumably you have Rosie and 12bn filtered LOL!

[northpole2] 27/2/2018 11:03

Response from arry is below 12bn as you have him filtered. I'd hate you to miss his measured response...

12bn - we all know about weasel words in rns and by posters on chat boards and if you post your Placing Coming Warning every week you may be right eventually ( I doubt there were many who saw the Schroder injection coming ). As your warnings are so regular, wrong so often and not backed by any detailed research about cash burn or specific expenditure they don't seem to have any impact here. Another reason readers aren't bothered is because new management have different ideas which inspire the market so that investors like Schroder tell the board we like what you're doing if we inject more capital will that help you to grow more efficiently? - somewhat different from the ' good old days ' era you seem to be stuck in 12bn!

[limmershin] 27/2/2018 11:01

arry, all to their own, sometimes the “noise” is just too much to bare and self preservation takes over, which, at my grumpy old age is fine by me! It’s not quite the same as sticking ones head in the sand because I can always remove the filter if others around feel a good point has been made, but funnily enough I’ve never felt that I’ve had to do that!!