Columbus Energy Resources Share Discussion Threads

[jcgswims] 14/9/2017 15:10

66 wells suitable for stimulation, imagine the increase, even at an average of 20bopd.....

[ccr1958] 14/9/2017 15:06

Great progress in short time ,what was NR doing ?

[jcgswims] 14/9/2017 15:02

Very impressive presentation! GY683 for example, from 10bopd to almost 90bopd for an outlay of approx $5k. And we are stimulating 1, of this type of well, per week...

[thenorth] 14/9/2017 15:01

Lind tripping up over themselves to help the business...

[thenorth] 14/9/2017 15:01

Emergency generators were already in the field and just needed wiring up for events like we had with Bret taking down a power line... what on earth was NR thinking?? Clearly mind not on the job in hand is my thinking...CF+ at 550 bopd with wti at $45 a barrel.... we are getting more $48 so this must mean the bopd figure can be slightly lower???

[thenorth] 14/9/2017 14:57

Spat 4mins 20 secs LK mentions no more placing a....

[thenorth] 14/9/2017 14:47

Haha. You got there first!!!

[jcgswims] 14/9/2017 14:42

AGM Webcast

[thenorth] 14/9/2017 14:38

From StrollerBAGM highlights :CF+ @ 542 bopd based on 45 USDProject cost approvals based on 1 month payback or less.All current planned projects from cash resources.No share dilution.Currently attacking 1 well per week .Understate , over achieve is LK's M.O.Water injection early days but all signs positive so far.No ongoing costs for old H.Q.Enough said...

[jcgswims] 14/9/2017 14:26

From StrollerB

AGM highlights :
CF+ @ 542 bopd based on 45 USD
Project cost approvals based on 1 month payback or less.
All current planned projects from cash resources.
No share dilution.
Currently attacking 1 well per week .
Understate , over achieve is LK's M.O.
Water injection early days but all signs positive so far.
No ongoing costs for old H.Q.

[jcgswims] 14/9/2017 14:19

AGM Presentation



Strategy Map

[humphries1] 14/9/2017 13:23

J284 LEO is the man, no cash to load up with now bought PMO and OPTI

[thenorth] 14/9/2017 13:19

J284.... care to put some meat on the bone??? Any headline grabbers for those that could not attend??I assume you did not base your post on the coffee and hobnobs??! ;-)

[j284] 14/9/2017 13:08

Only my opinion but I am very bullish on this. I lost far too much on LGO, I expect to make that back, have averaged down. The new guys are a different class.

[humphries1] 14/9/2017 12:55

J284 cheers

[j284] 14/9/2017 12:43

Just been to the AGM, in my view the new management are doing a fantastic job, the future looks very very good.

[thenorth] 14/9/2017 11:38

Hilly just refresh the thread on what LK was on record of saying and what you think the share price could be assuming that we see no more placing....

[hilly71] 14/9/2017 10:28

See LK's tweet above as to his intentions.

Have to say, exciting times here, given the way that LK and his team have turned this company around. There should be some newsflow for the forseeable future as this company is transformed (nice mix of current production and exciting exploration opportunities, and more importantly with the finance available to execute).

Fingers crossed all, but I'm hoping for a substantial and sustained rerating.

LK's on record as saying where he wants us to be in two years' time, and we're certainly in with a good shout of achieving that. Which would be nice.

[thenorth] 14/9/2017 09:38

Offerman all price sensitive stuff yes but I suspect LK will give his thoughts on future production targets and perhaps more detail on other factors.. like BOLT and water flooding??? We shall see....

[offerman] 14/9/2017 09:34

North, Would not have all the news updates of been contained in the RNS?

[12bn] 14/9/2017 08:54

His friend replied 'Surely Kunts the holders can read the results and see that Cerp/lgo is still losing £2m every 6 months and will need dilution to keep going'. Kunts scratches his head and then replies. 'I will explain away the losses as past performance and claim that the future will be different this time. I will promise them plenty of jam tomorrow and they will soon forget the reality of the situation'.