Columbus Energy Resources Share Discussion Threads

[eggchaser] 31/7/2020 08:43

You suggested but failed to add the possibility of a PI sale - why was that 12bn??That's right - it fits your agenda...

[12bn] 31/7/2020 08:14

Down again I see. :)

[12bn] 31/7/2020 08:13

I never said it wasn't a PI selling,I just suggested Lind or Schroders but you tried and failed,to be clever with .......EggChaser29 Jul '20 - 17:52 - 4840 of 4843
0 0 0
Read today’s RNS 12bn it may give you a clue????.........Silly boy.

[tomford8] 31/7/2020 07:19

info on Columbus shares

The following dates are Cancellation of admission to trading on AIM on the Scheme becoming effective.

In accordance with the expected timetable of events appended hereto, a request will be made to the London Stock Exchange prior to the Effective Date to cancel the trading in Columbus Ordinary Shares on AIM with effect from 7.00 a.m. on 10 August 2020. If any of the key dates set out in the expected timetable change, an announcement will be made through a Regulatory Information Service.

Appendix 1 - EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Court Hearing

5 August 2020

Last day of dealings in, and for registration of transfers and disablement in CREST of, Columbus Shares

6 August 2020

Scheme Record Time

6.00 p.m. on 6 August 2020

Suspension of trading on AIM of, and dealings, settlements and transfers in, Columbus Shares

7.30 a.m. on 7 August 2020

Effective Date of the Scheme

7 August 2020

Cancellation of admission to trading on AIM of, and cessation of dealings in, Columbus Shares

7.00 a.m. on 10 August 2020

Admission and commencement of dealings on AIM of the new BPC Shares

by 8.00 a.m. on 10 August 2020

Latest date for settlement of new BPC Shares

24 August 2020

Longstop Date (6)

15 November 2020

[ulvers] 31/7/2020 04:30

ccr
Final court hearing sanctioning the scheme of arrangement (merger) scheduled for 5th Aug thereafter as per this notification:

"The expected timetable of principal events for the implementation of the Scheme remains as set out on page 13 of the Scheme Document. If any of these dates and/or times change, a further announcement will be made."

GLA

[eggchaser] 30/7/2020 10:48

Pmsl at their rationale for the derisory offer - better sharpen their pencil me thinks!!

[eggchaser] 30/7/2020 10:47

Ohhh and you think that because of the size it had to be Schroders or LIND - of course if it were a PI selling then that explains the no RNS sell - do keep up 12bn you are starting to embarrass me let alone yourself!

[ccr1958] 30/7/2020 10:29

When’s the merger happening Guys ?

[12bn] 30/7/2020 09:08

I guess that Eggy thinks that 1751 shares warrants an RNS but 630k odd doesn't!

[jcgswims] 30/7/2020 08:29

Predator have released a new presentation on their website



or PDF



They give their "rationale" on the $1.75m offer for FRAM on page 21.

[12bn] 30/7/2020 08:17

1. KEY INFORMATION




(a) Name of exempt principal trader: Shore Capital
Stockbrokers Ltd
--------------------------------------------------------- -------------------
(b) Name of offeror/offeree in relation to whose relevant Columbus Energy
securities this form relates: Resources Plc
Use a separate form for each offeror/offeree
--------------------------------------------------------- -------------------
(c) Name of the party to the offer with which exempt Bahamas Petroleum
principal trader is connected: Company plc
--------------------------------------------------------- -------------------
(d) Date dealing undertaken: 28 July 2020
--------------------------------------------------------- -------------------
(e) Has the EPT previously disclosed, or is it today Yes
disclosing, under the Code in respect of any other
party to this offer?
--------------------------------------------------------- -------------------


2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales




Class of Purchases/ sales Total number Highest price Lowest price
relevant of securities per unit per unit
security paid/received paid/received
-------------- ---------------- -------------- ------------- -------------
Ordinary Sales 1,751 1.9p 1.9p
-------------- ---------------- -------------- ------------- ------------- /////// I was talking about the BIG sell,not the 1751 share trade,although for you and your dole mates I suppose that is a big sell. :)

[nexus7] 30/7/2020 08:09

Why Oil Remains Stuck At $40


Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain. The EIA reported a huge drawdown in crude inventories on Wednesday, with a drop of 10.6 million barrels. That was enough to lift crude prices.
But several analysts argued this week that the bigger picture is murkier, with economic and pandemic-related risks looming. “While upwards momentum has stalled over the past month, we still think prices are overdue a downwards correction to reflect the flattening of oil demand recovery and the darkening of economic prospects,” Standard Chartered analysts wrote in a note. The investment bank added that “consensus views” on the oil market balances in the second half of the year have “weakened significantly over the past month.”
“We now only rarely hear talk of V-shaped demand recoveries and extremely tight markets, the views that allowed Brent to rally beyond USD 40/bbl,” Standard Chartered said. “Instead the main talk among traders seems to have shifted to precisely how much demand will disappoint and how long will it take to normalise inventories.”
That assessment stands in stark contrast to the behavior of crude prices in the last six weeks. Volatility has vanished, with WTI remaining rooted at about $40 per barrel, and Brent a few dollars more. Prices have been stuck at those levels even as the optimism surrounding economic re-openings has dissipated. The only sign of a more pessimistic outlook creeping into oil markets is the shift from backwardation towards contango. As Standard Chartered pointed out, the discount for front-month Brent contracts relative to fourth-month Brent contracts has widened over the course of July.

[eggchaser] 29/7/2020 16:52

Read today's RNS 12bn it may give you a clue????

[12bn] 29/7/2020 12:30

Another big sell and down she goes,Schroders or Lind?

[eggchaser] 29/7/2020 06:49

As maybe but it's enshrined in history so why raise it again.

[mark of the rushes] 28/7/2020 23:15

I don't see Bahamas Oil having an agenda, it rankled with me also when our directors imposed a pay cut on employees yet weren't prepared to take one themselves.

[eggchaser] 28/7/2020 13:46

My question was at BO not you Ulvers.

[ulvers] 28/7/2020 11:51

No issues guys I simply misread BahamasOil post so apologies. I don't think there are any agendas here now we are all on board for the Perseverance 1 ride.

GLA

[nexus7] 28/7/2020 11:47

Our neighbors and oil
======================

Caribbean countries ram up oil exploration

BERT WILKINSON | 9/5/2019, 2:53 p.m.

------------------------
Some Caribbean Community countries are rushing to ramp up oil and gas exploration, motivated by the runaway success Guyana has had since first discovering commercial quantities back in mid 2015.
The latest of these is The Bahamas. Located in the gateway of the Gulf of Mexico where oil production has been a feature of life for decades, authorities there have signed up with a British drilling major to kick-start an ambitious drilling program early next year.
State-run Bahamas Petroleum Company said in the past week that it has concluded arrangements with Seadrill, one of the world’s largest offshore drilling rig firms, to bring in an ultra high-tech drilling ship to spud its first offshore well. The BPC has also signed off on deals with the infamous Halliburton company to provide support services, equipment, tools and drilling plans for the state, firm officials said.
As it gets ready for offshore exploration, The Bahamas will join Jamaica, Barbados, and Grenada among Caricom nations ramping up efforts either to conduct seismic testing work offshore or to prepare for the first set of exploration wells in the coming months…

[eggchaser] 28/7/2020 11:40

What is your agenda Bahamas Oil?Strange raising this when it's already been discussed when the RNS over the Covid impact was announced.

[bahamasoil] 28/7/2020 11:32

Ulvers

The 3/4 was my shorthand for three quarters.

You are correct that they took shares but they did not take a reduction in salary that they applied to the other CERP employees.

[ulvers] 28/7/2020 11:01

BahamasOil,
it is my understanding that the total senior management remuneration at Colombus was below £1m annually not sure where you get £3/4m from? Im sure I read that Leo was circa £300k, Tony lately as CEO circa £250k and with the rest quite a bit below that.
Egg is quite right in fairness to that group they all mucked in taking many shares instead of cash.

GLA

[eggchaser] 28/7/2020 09:40

Of which they received half / all in shares! Do keep up Bahamas Oil!