Columbus Energy Resources Share Discussion Threads

[nexus7] 04/9/2018 09:00

From petersalkeld Today 08:44
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On the UP

Oil could surge 30% into the mid-$90s within months, creating $4 per gallon gas: Energy expert John Kilduff


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WTI: $70.57

[mam fach] 04/9/2018 08:32

Bought on strength of Leo interview on LSE.
Confident with a plan of exactly what he was going to do.
Why mention £100m if it wasn't possible.
It's on the record and would only damage his reputation
if it didn't come to fruition.
Would suggest anyone interested to watch the interview.
Liked his strategy for funding.

[offerman] 04/9/2018 07:19

Totally agree Carp Bolt as been ongoing and must be sure to complete any time now ..It certainly sounds like something involving CERP as two large projects so maybe one involving CERPWhen I really think about it CARP Leo mentioned quite some time ago about a very large deal bybyear end and it wasn't the steel drum deal asnitbwas only small a top up deal really. So for Leo to be as confident as he was and to mention a deal that far out ( which in my opinion is a dangerous thing to do unless a director has to confirm it for two reasons for example in other companies I have seen the equivalent mentioned about a deal when the share price rockets and and an rns is released to confirm or deny I. E we know of no reason for share price ride or we can confirm etc...Or the other reason is to deny or confirm any press rumours... Now we haven't had an share price rise or press rumours so for Leo to mention about a very large deal before year end without being prompted could be taken as jumping the gun or over enthusiastic but to be honest I think he will have learned that lesson from the Goudron webcast last September so I don't think he would mention large £100m deal if he wasn't sure and to me the only way to be that confident and sure is by way of Petrotrin involvement in some way .It all seems to be coming togther CARP so thanks again for posting that very interesting times ahead within next six months too ....

[nexus7] 04/9/2018 00:56

From Garnhiem. Mon 11:33
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RE: T&T PM Speech


Premium Diesel refining?
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From Garnhiem. Mon 22:13
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RE: Apologies

No worries Rugby2015, many times I’ve been told I have patience of a saint.

A topic that has oddly been avoided is the production level required from Bonasse (SWP) to cover current US$ liabilities, potential future liabilities or investment.

A $10 increase on realised oil price on Goudrons IPSC ($2-3 per barrel) isn’t so effective as the agreement on the SWP.

[carpadium] 03/9/2018 21:52

offer, if Petrotrin and CERP link up in the SWP it could be a massive shot in the arm for shareholders, fingers crossed, but first we await official closure of the BOLT deal which must be imminent.

[offerman] 03/9/2018 18:49

Thanks Carp" In the com­ing weeks the Gov­ern­ment will take part in the an­nounce­ment and par­tic­i­pa­tion in at least two sig­nif­i­cant in­dus­tri­al projects in the south­west­ern penin­su­la. Ini­tia­tives like these will cer­tain­ly con­tribute to the new be­gin­ning that we are work­ing to­wards.In­creased drilling and pro­duc­tion works, both on land and off­shore, are to be ex­pect­ed in the new busi­ness mod­el. There will be in­creased use of ser­vice con­trac­tors and sup­pli­ers and this should cush­ion the ef­fects of loss of some op­por­tu­ni­ties at the re­fin­ery."Let's hope something big involving CERP in a 100m deal Leo mentioned possible before year end....

[carpadium] 03/9/2018 11:25

Very interesting bit under 'workers and contractors' re. SWP

[ride daice] 31/8/2018 11:10

You make a good point. A lot of the articles switch between local currency and USD so I am not sure. It does sound a lot of money if it's in USD so most likely it's not.

[nexus7] 31/8/2018 11:02

Ride Dalce,

Is USA $ or Trininidad dollar?
Now Trinidad $ is 0.15 US $

[geoff0458] 31/8/2018 11:01

Cerp Tweet
We have identified numerous opportunities to establish “quick-win” production growth through a programme of well optimisations, well reactivations and also some infill drilling activities, all to be funded from currently available resources”. See our Q&A …

[nexus7] 31/8/2018 10:55

Oil Rallies On Flurry Of Bullish News

Oil is on track for a second consecutive week of gains, after two months of losses. Oil prices have climbed 10 percent in the past two weeks, and the big question is whether or not the momentum can continue.

The reasons for the recent rebound are multiple. First, from the perspective of the physical market, there have been recent bullish data points that suggest the market is tightening. The latest EIA report revealed a surprisingly strong decline in crude oil inventories, gasoline inventories and also higher gasoline demand. Oil prices popped on the news....




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WTI $69.82

[ride daice] 31/8/2018 10:38

That's like 2500 x $400K each !!!

[nexus7] 31/8/2018 10:28

Billion payout

A billion-dollar Petrotrin payout is ahead to refinery workers who will lose jobs—including an early retirement package for those over 55 who will receive full pensions...

[12bn] 31/8/2018 09:26

offerman30 Aug '18 - 10:51 - 5602 of 5603
0 0 0
Morning Nexus

Firstly thank you for all the information you post from different sources.

Have a question about the VSA price target.
That 25p is that for one year ahead or the next two years ahead or longer?

Reason I ask is last year they had a pricetag of 26p) I think it was September

So what did they base this price on with regards to timeframes?
Thanks

OM///// Talk about a 'fool and his money', poor offerman believes the house brokers silly target prices. There is more chance of pigs flying.

[nexus7] 30/8/2018 15:23

offerman I think it´s an old guessing game

EG: 05 July 2018, 11:20

Source - SMW
VSA Capital today reaffirms its buy investment rating on Columbus Energy Resources Plc Ord 0.05p (LON:CERP) and set its price target at 25p.

[offerman] 30/8/2018 10:51

Morning NexusFirstly thank you for all the information you post from different sources.Have a question about the VSA price target. That 25p is that for one year ahead or the next two years ahead or longer?Reason I ask is last year they had a pricetag of 26p) I think it was September So what did they base this price on with regards to timeframes?Thanks OM

[ride daice] 30/8/2018 09:35

Nice to see that TRIN has kicked off a 6 well campaign with the following statement...

"The Company also notes the decision announced yesterday by the Petroleum Company of Trinidad and Tobago Limited ("Petrotrin") to discontinue refining operations. The Company expects that this decision will have no impact to the ongoing Sales Agreements with Petrotrin for Trinity's oil production."

[nexus7] 30/8/2018 08:43

From bigdouble Today 08:10
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VSA

Columbus Energy Resources (CERP LN) has provided an update in relation to the decision made by the Trinidad government to restructure Petrotrin which will involve the closure of the Point-a-Pierre refinery. Transition to a new structure for Petrotrin will begin as early as October 2018 although CERP have indicated that they do not expect any adverse impacts from the decision. We also note that there were no negative impacts to CERP’s operations from the recent earthquake in Venezuela which impacted Trinidad.

The restructuring which includes the phasing out of oil refining and restructuring of the exploration and production operations is part of a major overhaul to return Petrotrin to profitability. Since 2006 production at the refinery has fallen from full capacity of 165kbbls/d by almost half with almost two thirds of output made up from importing crude oil from international markets. This has meant using valuable foreign currency reserves to support the refinery which has now been deemed as unsustainable and a negative long term drag on the wider economy.

CERP has highlighted that currently it receives a discount to WTI of between 4-6% in the current price environment under the production contract between CERP and Petrotrin for Goudron. This is despite the fact that Goudron produces a 38 API product which in the broader market would typically trade at a premium to other Trinidad crude oil. Given that Trinidad will now be selling crude directly into international markets, likely via global traders, this opens up the potential for a renegotiation of pricing. Given Leo Koot’s track record in this regard we believe that CERP would be well placed to benefit in this case.

Furthermore, we believe that the closure of the refinery is likely to be an initial step of a new more commercial strategy at Petrotrin potentially opening up Trinidad which has been underexplored to date.

We reiterate our Buy recommendation and 25p target price

[northpole2] 29/8/2018 22:55

markbarker... so you hold dl up as being someone to look up to? The fountain of all oil & gas knowledge? The person who shouted for an EGM ("it's a disgrace") the evening LK was appointed (message sent around midnight) and then changed his mind the next day. dl or LK? Who would you rather trust in a crisis? Mmmm. Bit of an integrity difference in that choice.

And "knew" is spelled with a "k" at the front in case you didn't know. Explains why you believe in dl.

And news isn't generally put out on Sunday. That would be a market first.

I suggest you think a bit next time before letting us know your pearls of wisdom.

[markbarker] 29/8/2018 22:39

P s no position here but new what was coming after dl comments 12 months ago

[markbarker] 29/8/2018 22:37

Wow that's all I can say next news 9 months on Sunday

[nexus7] 29/8/2018 18:00

interesting reading, from EME B.B.

Depletion: The forgotten factor in supply and demand


Some areas now hitting 15-20%

→ Prudhoe Bay production from wells drilled prior to 1989
→ Trends of non-OPEC crude oil supply and international rig utilization
→ Decline rate trends in Louisiana GOM shelf
→ GOM shelf reserve distribution as a function of discovery date
...

[greatfull dead] 29/8/2018 16:08

This from the RNS is what I do like -

"API of approximately 38 API, which places it at a higher value than average Trinidad crude oil."

ATB,
GD

[the guardian] 29/8/2018 15:44

I like the idea of Petrotrin taking measures to reduce costs and then renaming the company Petrotrim. Very apt.

Sorry kiddies but it will be great to see you all back at school and the stock market returning to normal next week.