Columbus Energy Resources Share Discussion Threads

[eggchaser] 24/7/2020 15:29

Pleased with that and it's good that if management want shares then they can buy them like everyone else which in turn should support the share price All to play for on Monday!!!

[jcgswims] 24/7/2020 11:36

BPC AGM Rns

"Bahamas Petroleum, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions were passed with the exception of Resolution 3.

Resolution 3 had proposed the expansion of the Company's available pool of employee options for future allocation at the discretion of the Board. Those employee options had been proposed with performance hurdles linked to delivery of value-creating business objectives, an exercise price in excess of the current share price, and a resultant aggregate employee share pool of less than 8.5% of the Company's fully diluted share capital. In the Board's view, this thus constituted an entirely normal employee option proposal, designed to align the interests of employees with shareholders, and comparable to arrangements in place at many similar companies. It is for this reason that the Board had unanimously recommended Resolution 3 to shareholders. Acknowledging the lack of shareholder support for this resolution at this time, the Company will seek to develop alternative incentivisation strategies, so as assist in ongoing processes to recruit, incentivise and retain high-quality employees."

[arrynillson] 24/7/2020 08:56

12bn - is that the best you can come up with after yesterday's 11% gain ( which you strangely didn't predict 12bn! )?

[12bn] 24/7/2020 07:48

'Buy the rumour,SELL the news',I wonder when the big sell off will start,today or Monday?

[ulvers] 24/7/2020 06:08

Oh, how the market has just fuxxed all the shrewdies who bought CERP several weeks ago thinking they were on the winning side of any arbitrage when consolidation came around. You really could't make this nonsense up!!!

GLA

[nexus7] 23/7/2020 19:02

$40 Oil Isn’t Enough For Saudi Arabia

By Yousef Alshammari - Jul 21, 2020, 9:00 AM CDT

Despite the recommendation of the OPEC+ JMMC to ease the oil output cuts by 2 million bbl/d, oil markets maintained their bullish sentiment over the past week as Brent was trading above $43 while WTI was trading above $40. A surge in COVID-19 cases in several counties including the US, Spain, and Australia capped oil price gains.

Bullish figures from the EIA
Markets were primarily supported by a continued withdrawal in commercial crude inventories which declined by 7.5 million barrels w/w to stand at 531.7 million barrels. Gasoline inventories also declined by 3.1 million barrels w/w reflecting a significant rise in demand levels. Along the decline in inventories, crude imports fell by 1.83 million bbl/d w/w and are currently standing at 5.57 million bbl/d, which may be part of the reason for the drop in inventories. The other reason for the decline in inventories is the balance in the markets where demand now exceeds supply, something we had anticipated, last April, to take place in July.
We currently expect commercial inventories to continue to decline especially during July and August as these months historically are the peak of driving season. U.S. oil production continues to be fixed at 11 million bbl/d for the 3rd consecutive week. The decline in oil rigs continues, with the latest figure being 1 rig w/w, and it may have already reached its lowest level at around 180 rigs.

Demand figures continue to be revised up
Similar to the IEA and EIA, OPEC raised its 2020 demand forecast to 90.72 million bbl/d, up by 0.13 million bbl/d from its previous forecast, which is 0.375 million bbl/d higher than CMarkits’ forecast. This includes an expected average demand of 92.22 million bbl/d and 96.22 million bbl/d in Q3 and Q4 2020, respectively. This is higher than CMarkits’ forecast by 0.11 million bbl/d and 1.89 million bbl/d, respectively. Furthermore, non-OPEC supply is expected to stand at 61.76 million bbl/d in 2020, down by 3.26 million bbl/d w/w, which is 0.99 million bbl/d higher than CMarkits’ forecast. The majority of production decline will come from the US and FSU due to forced shut-ins and participation in the OPEC+ output cuts. Furthermore, the OPEC-10 countries have collectively achieved a total compliance of 103.64% in June, despite many countries falling behind their targets including Angola, Congo, Equatorial Guinea, Gabon, Iraq, and Nigeria. The total OPEC+ compliance was reported to stand at 107% supported by voluntary contributions from Saudi Arabia, UAE and Kuwait...

[12bn] 23/7/2020 17:03

arry,you have held these from before 7.25p bid,what % are you down here,considering you have held these for years,probably from the equivalent of 20p plus! :)

[arrynillson] 23/7/2020 15:49

12bn - the world and his wife know about Lind shares - the only one bothered about it seems to be you 12bn as Lind will be repaid post merger. Lind are sellers but others are buyers - why is it you don't post about the regular multi million buys - others clearly see value where you don't - judging from your recent share purchases you are pretty clueless when it comes to assessing investments - unless you are going to boast that a 90% plus loss is clever cos you didn't lose 100% 12bn!

[nexus7] 23/7/2020 10:32

How COVID Transformed The $70 Trillion Stock Market

In just a few months, COVID-19 has upended the world as we know it.
Since the outbreak, over 141,000 U.S. citizens have lost their lives to the virus, while over three million have contracted it. And despite constant study by the world’s foremost researchers and health experts, still, no one has yet been able to determine how contagious it is… exactly how it spreads… or what the long-term health impacts are. And scientists have so far been unable to create a vaccine.
And while lockdown restrictions are being slowly lifted across the country, the numbers continue to be cause for serious alarm…
Meanwhile, the economy has been in a tailspin—both nationwide and globally. Governments and central banks have implemented unprecedented stimulus measures and are discussing more.
And businesses have been scrambling to stay afloat and adjust to the new world order… all while delivering messages of support to the community. Companies nationwide have implemented measures to support their employees and their clients—from discounted products and services to flexible work hours to stringent health and safety measures…

[eggchaser] 23/7/2020 10:27

Looking at the share price action here and BPC I'd say moons are aligning...Who would have thought it??!!

[12bn] 23/7/2020 08:25

Oh dear,more shares issued by Lind I see,that should help the share price this week.//////RNS Number : 8156T

Columbus Energy Resources PLC

23 July 2020

23 July 2020

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Rule 2.9 Announcement - Total Voting Rights

Columbus, the oil and gas producer and explorer focused on onshore Trinidad and Suriname, confirms the continuation, for the month of July 2020, of the issuance of shares to Lind in lieu of cash payments.

The Company intends to issue 7,987,143 new ordinary shares to Lind in lieu of cash payments otherwise due in July 2020 (the "Lind Shares"). Such issuance is in accordance with the Company's rights under the 2019 Facility Agreement.

The Company confirms that there have been no further issuances of Contractor Shares since the announcement on 17 June 2020.

The issuance of the Lind Shares in July 2020 was envisaged in the merger announcement made by the Company and Bahamas Petroleum Company plc on 11 June 2020 and has no effect on the exchange ratio as set out therein.

Application has been made for the Lind Shares, which will rank pari passu with existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected on or around 28 July 2020.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority and Rule 2.9 of the City Code on Takeovers and Mergers, the Board of Columbus hereby notifies the market of the following:

As at the date of this announcement, and after the issuance of the Lind Shares, the Company's issued share capital will consist of 943,040,487 ordinary shares with a nominal value of 0.05p each with voting rights and with International Securities Identification Number GB00BDGJ2R22. ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

Therefore, the total number of Ordinary Shares in the Company with voting rights is 943,040,487. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Contact Information

[jcgswims] 23/7/2020 08:15

Yes just I had worked out that they had basically cleared off last months shares, here we are again.

[eggchaser] 23/7/2020 08:07

Trust me CERP are doing a great job in bashing themselves with this constant drip feed into LIND

[eggchaser] 23/7/2020 08:06

According to you the world won't be needing more barrels of oil so what's the point of the post? A CERP holder or just another sent to bash a stock?

[12bn] 22/7/2020 14:27

Down again I see,stand back, arry will be throwing his rattle out of his pram soon. Poor arry.

[2dinvestor] 22/7/2020 13:44

The flow rates have not officially been "tested" yet. ;)

[ride daice] 22/7/2020 10:59

"Predator is recommending to carry out an oil rate test for well AT-5X within the next two weeks to assess the impact of significant CO2 injection to date on the potential for oil to flow from the injected reservoirs in Inniss-Trinity at enhanced rates and to assess changes in the properties of the oil with which to re-calibrate the CO2 injection parameters if required. Effectiveness and retention of CO2 sequestration capacity can also be assessed."

Can't get my head around this. They have made an offer to buy FRAM before they know whether the C02 injection is working ?

[eggchaser] 22/7/2020 09:17

I wonder how negotiations are going with the Trinidadian government or how S1 is progressing or what progress is being made at Suriname?Merger aside which we all have been bogged down with - there is still much news to come which will at some point have to be released.

[eggchaser] 22/7/2020 09:12

Lol I like that!!

[ride daice] 22/7/2020 09:09

Today's word of the day is Derisory.

And the bonus word is Opportunistic.

[bahamasoil] 22/7/2020 09:00

With the success at TXP and their drilling experiences at depth and cash we might get lucky and they bid for Goudron and explore the bounty below.