Columbus Energy Resources Share Discussion Threads

[the guardian] 29/10/2018 16:22

Thanks for that offerman. I thought you had just missed the 'f..ing' word out of your original post.

[edgar222] 29/10/2018 13:30

Thoughts on Waterflood.

Waterflood has long been a hope of mine for LGO / CERP. Back in the days of only having Goudron and drill-raise-drill-raise it seemed to be the answer.

Then this management came in and Goudron is no longer the only asset and may not even be the most important asset.

This management's background at Tata has involved waterflood. That business (that they grew exponentially) was "like a big washing machine". Leo and Stewart are both steeped in the technicalities and the financials of waterflood.

Then about a year ago they started with CERP. And nothing happened with GY670. They targeted that because as we all know it had the biggest initial flow-rates. It all went quiet and I scoured the RNSs for waterflood snippets, still daring to dream.

In that quiet phase we had Leo Koot say that on waterflood you judge him by the barrels of water going in because those will be barrels of oil coming out in 6 months time. The next scheme has been up and running since late June 2018. They have pumped 79k barrels in at 1500 bwpd. They have established connectivity and building reservoir pressure and it seems to be working. As at the last investors meeting video and previous update announcement Leo Koot made clear they have had no oil out yet while the water does its work in the reservoirs.

But if we add 6 months to the end of June and we look at bwpd are we looking at 1500 bopd by the end of December just from waterflood in Goudron? Lets take all that with a pinch of salt and say those numbers are far too optimistic. Lets say they only achieve 500bopd. Only. You see my point?

I still believe in this team and waterflood is all over their CV. Could be a company changer before we get to the SWP plan.

[toploadermike] 28/10/2018 18:21

No worries ccr,

Looking forward to next week, good chance this will be going up IMHO, well at least the latter part of the week, especially if there is good news from CG about the EU exit. I don't care what anyone says, this has definitely had an effect on the share prices, many buying into gold again and moving away from shares, but this is always a slow time anyway IMHO. Cant wait until late Jan early Feb for sure.

ATB
TL

[ccr1958] 28/10/2018 12:06

Morning all,cheers offer and TL.

[toploadermike] 28/10/2018 10:32

Hi All,

Sorry was not related to CERP hence not posting on here. :) Don't worry if I find out something about CERP, I for sure will post on here. :)

[carpadium] 27/10/2018 16:37

Thoughts re Project Green, the government/state oil company possible deal > > >

SURINAME/Staatsolie
Tambaredjo heavy oil field, billion barrels find worked since 1982. Staatsolie's principal interests now lie in offshore developments involving Cairn and Tullow.
Lots of old onshore wells ripe for EOR treatments, maybe CERP with their proven techniques and expertise a partner of choice for a production sharing agreement with minimal upfront costs borne by CERP. My money would be on this one.

But can't rule out COLOMBIA/Ecopetrol as many if not more aged wells whilst GUYANA yet to appoint a state oil company. ECUADOR/Petroecuador recently opened an onshore licencing round for 8 blocks but possibly too costly and not right for CERP.

Anyone other thoughts re. CERP's greener future?

[offerman] 27/10/2018 15:23

Hi CCR and it's only.Was not CERP related. We are all in this together , so anything CERP related I'm sure he and I know I'd certainly share with fellow long term suffering holders like myself .

[isonlymoney] 27/10/2018 12:25

TL - you can left click the arrow beside his name and select 'Send Message'. As ccr says, "what about the rest of us" ;-)

[ccr1958] 27/10/2018 08:03

What about us TL , 😊

[toploadermike] 26/10/2018 18:38

Offerman J

I have something you may be interested in knowing, is it possible for me to private message you or something? Or you me?

ATB
TL

[fsawatcher] 26/10/2018 16:54

they drinkin from furrie cupp if it tea

i startin to add back in nows placin done coz this bein held tight as a (yous fill teh gap errr misssus) and i like it when ii hold stock at bigger cost than me it make me feels like i champoin of the cliff face which unbeatbale to climb but i just scale it like a rat up a drain pipe after some chip phat

this be back at 5p in dec and i be 40% up

it be 10p next year and i be 300% up

i tell ya when i buy myself a new hat

[carpadium] 26/10/2018 16:07

Bit like garden fence chatter, have you all gone inside for a cuppa?

[offerman] 26/10/2018 14:45

Cheers Mike

[offerman] 26/10/2018 14:44

Thanks for flagging it up to me though.

[the guardian] 26/10/2018 14:25

It's ok offerman, I just wondered if your buy wasn't showing up. Easy mistake.

[toploadermike] 26/10/2018 14:17

Looks like it's all coming back now, thank god, I use HL too John.

[offerman] 26/10/2018 14:15

Cost was £1449.99 3.79 37.943Yes you are right TGEverything got a bit higgledy-piggledy today I called up HL as money I had in my fund and share account I wanted to maximise the ISA allowance for the year . It all got a bit complicated as they said it wasn't a settlement date from some other shares I sold in a small company this morning to buy more . Settlement date wasn't until next Tuesday despite the money showing in the account. And I didn't wanna wait till Tuesday so I just bought more using the fund and share. I just clicked and bought with the full amount I had available.So yes you're right. Thank you for the correction.

[the guardian] 26/10/2018 13:59

Well done offerman but are you sure you are right with the number? There is a 37943 buy showing at 12.32 but no 39474.

[offerman] 26/10/2018 13:46

Yes they are MikeThe share price one stage show the mid price of 3.95 and now it's showing back down to 3.72ADVFN do seem to have so many problemsMonitor lists don't always load completely either

[toploadermike] 26/10/2018 13:45

All this afternoons trades are being hidden?