Columbus Energy Resources Share Discussion Threads

[arrynillson] 21/1/2019 16:13

One day rossannan might come up with a theory that's not a complete wash-out!

[jcgswims] 21/1/2019 15:03

Updated faqs

21/01/2019
Does the wet season disproportionally effect Columbus’s production compared to other producers in Trinidad?

Production operations are not in normal circumstances disproportionately affected, however planned incremental wellwork operations can be delayed by road access problems which are a bigger issue in the rain forests where Goudron and Trinity Inniss are located.

Columbus’s assets have been producing, in some cases, for over 100 years and the Company is better equipped than ever to deal with the disruption brought about by the annual wet season in Trinidad through back-up power generation and 24 hour in-field operations personnel. Despite this, the exceptional rainfall and resultant floods experienced in Trinidad in Q4 2018, the worst the country has experienced in over 50 years, did delay some of Columbus’s incremental production initiatives in October and November. The Goudron and Trinity Inniss Fields are located in the Trinity Hills range of south-east Trinidad which are more prone to roadway wash-outs in the rainy season, affecting transportation critical activities such as workover rig movements.

For more information on the extreme weather, please see this article:


21/01/2019
How will the wet season affect South West Peninsula drilling?

We do not expect the wet season to adversely affect the drilling planning in the South West Peninsula. The flatter relief and more accessible South West Peninsula terrain compared to the Trinity Inniss and Goudron Fields allows easier access in the rainy season while still being intermittently affected by flooding and power outages. Columbus is an experienced Trinidad operator and has carried out multiple drilling campaigns during the wet season with minimal disruption in the past. Drilling operations tend to be self-contained for both power generation and pre-delivery of on-site materials allowing pre-planning for weather related disruption compared to short duration multiple workover operations. The Company continues to plan to commence drilling from mid-2019 onwards once the ongoing technical analysis and normal well planning activities have been completed.

[12bn] 21/1/2019 14:47

2.80p bid won't last long imo.

[nexus7] 21/1/2019 10:07

Oil Gloom Turns to Boom as the Market’s Worst Fears Fade Away

► Hedge funds are the most optimistic on Brent since November
► Shift is mostly due to unwinding of recent short-selling

Investors are the most optimistic on oil in two months as the worst fears that roiled markets at the end of the year start to dissipate.

Hedge funds boosted their net wagers on rising Brent crude prices by 9 percent in the week ended Jan. 15, mostly because they continued to unwind a short-selling spree from the end of 2018, data from the ICE Futures Europe exchange show...

[12bn] 21/1/2019 10:06

Worn what out Garnheim80?

[garnhiem80] 21/1/2019 09:27

You've worn it out 12bn, Repetition does that!

[12bn] 21/1/2019 09:13

Down again Northpole2,such a mature idea to hold this from 7.25p to here,well done. The person to blame the most here,after LK,is jcqswims. His thread only allows ramps and true problems are ignored. CERP loses money as a group and will have to raise more to pay the bills,so do I think another bout of shares for cash is coming? Sure do.

[nexus7] 20/1/2019 23:30

From Garnhiem. Today 23:22
-------------------------------------
RE: TAQA Bratani Update

Trinidad and Tobago and the Kingdom of Saudi Arabia have long histories in the area of hydrocarbon development, and we are both at a cross roads, where there is an urgent need to transform our economies to meet the challenges of tomorrow. This requires a major shift in our relationship with technology, with one another and with our environment, and will ultimately shape our future well-being.”

[eggchaser] 20/1/2019 21:17

Arry - no one puts baby in the corner!I suspect that Dross loves the attention but let's face it his or hers comments don't make a jot of difference to the share price Posts are being scrutinised so we relax and will let nature take its course.

[arrynillson] 20/1/2019 18:05

Dross - you are clearly running out of ideas - this one seems to one of the weakest arguments you have deployed attempting to support your personal trading position. More detailed responses on LSE site - this squib couldn't have got much damper even if it had been soaking for weeks in the Trinidad floods you are famously doubting hampered CERP development over Q4!

[nexus7] 20/1/2019 16:12

kazz and arrynilson, Many thankas for your posts, I only try to show the
trend of the price of oil as we know it is very important for CERP and all the oilies.

You can find more about this question here:

From mikemike Today 01:49
--------------------------------------

RE: Sea of red

[arrynillson] 19/1/2019 11:10

Nexus - yes many thanks for keeping me up to date on WTI and trends - I have armies of trolls on other threads to alert me if there is the slightest hint of movement in the other direction!

[kazz] 18/1/2019 19:03

It's the time again to thank you Nexus for all the time consuming reports you post on here.
ATB
Regards.....Kazz

[nexus7] 18/1/2019 18:47

- oilprice.com -

US Oil, Gas Rig Count Plummets As Oil Prices Surge

Baker Hughes reported a drastic reduction to the number of active oil and gas in the United States this week.

The total number of active oil and gas drilling rigs fell by 25 rigs, according to the report, with the number of active oil rigs decreasing by 21 to reach 852 and the number of gas rigs decreasing by 4 to reach 198.

The oil and gas rig count is now 114 up from this time last year, 105 of which is in oil rigs.

WTI prices were trading significantly up on Friday as China extended an offer to US negotiators to boost imports from the United States through 2024 by 1 trillion annually, according to CNBC.
At 12:13pm EST, the WTI benchmark was trading up $1.49 (+2.85%) at $53.85—up roughly $2 week on week, with Brent crude trading up $1.47 (+2.40%) at $62.65 per barrel—up almost $2 week on week.

Canada’s oil and gas rigs increased by 25 rigs this week, after climbing by 108 rigs last week. Canada’s total oil and gas rig count is now 209, which is 116 fewer rigs than this time last year. All 25 additions were to oil rigs. The increase in rigs this week is despite Canada’s new mandate that called for the country to collectively shave 300,000 bpd off its crude oil production figures that went into effect at the start of the month.

The EIA’s estimates for US production for the week ending January 11 shows an increase at an average rate of 11.9 million bpd­ for the week—another new record for the United States.

By 1:29pm EDT, WTI had increased by 2.98% (+$1.56) at $53.92 on the day. Brent crude was trading up 2.35% (+$1.44) at $62.62 per barrel.

-----------------------
WTI: $53.78

[northpole2] 18/1/2019 16:04

Yet again, another rather childish post 12bn. Time to have a cup of tea and try to grow up.

[12bn] 18/1/2019 14:44

You sound annoyed Northpole2,is it something that I posted? :)

[arrynillson] 18/1/2019 14:17

12bn - I'm just comfortable that I didn't lose most of my money in months following your shocking advice 12bn!

[12bn] 18/1/2019 13:41

Down again,never mind 'arry knows best'. Here's me advising arry to sell at 7.25p,I should have realised what a sharp dude he is. LOL

[garnhiem80] 18/1/2019 13:37

What about the Red Five call sign? Is it the fifth member of Red Squadron.Takes me back to the days of the "Dark Lord". :)

[arrynillson] 18/1/2019 13:06

12bn - we savour CERP rns now - I'm thinking the next one might be about the South Erin Compartment Well - ' Fully Charged Lower Forest Sands ' waiting to be unleashed.

But I don't want you to be carried away this isn't deep drill of SWP but just another step to upping production in the meantime from our multiple sources - they're already cash flow positive from operations - well on way to overall profitability - ducks have finished paddling around in those floods that rossannan thought were no problem and are lining up again!

[garnhiem80] 18/1/2019 12:14

Nadir Khayat (Red One) is a big fan of Bob Dylan :)

[12bn] 18/1/2019 11:40

I see the dreaded red 1 share trade,that is supposed to signal a bad RNS in the pipeline but who knows,maybe arry has just sold half his holdings here! LOL :)