Columbus Energy Resources Share Discussion Threads

[12bn] 21/6/2017 09:19

Koots stating that the share price should be XYZ means little,it is probably just a ramp to help them raise money here. My advice is BEWARE a fund raising is about to appear soon,imo. Don't say I didn't warn you all.

[12bn] 21/6/2017 09:15

jcgswims21 Jun '17 - 08:44 - 100 of 100 2 0
Yesterday was similar, nothing to suggest any forward selling etc.///// This has been a typical pump and dump,nothing else,even Tom W was brought (bought?) on board for it. The question is WHY? I wouldn't be surprised if CERP were about to do a Yorkville type SEDA tap or a placing and the pump was simply to help them get it away at a better price. Beware,LGO always did several placings a year.

[edgein] 21/6/2017 09:13

12bn,

Well its not that long ago that the company raised money at 2.2p, most of that will be in place as the cash flow from the stable production pays the Lind debt. However as hinted at recently Mr Koot is working on that with a possible loan or corner stone investor to take a slice of the Goudron reserves. As he stated the share price really should be above 3p now and with a little work 6p. Water flood and Cedros he's got a target of 24p per share and beyond. I guess that's why management's future options vest at up to 20p per share. Also potential for Spain to be sold or farmed-out just like NR almost did in the past. If your memory was a little better you'd probably remember the Italian company offering 8 million Euro to get involved in Spain. Don't worry about the current oil price, the new CFO says we're doing quite well and have modelled for 40-45/bbl. You'd know that too and not needed to ask if you'd done your research. Also as pointed out lifting costs are just $5/bbl and they'd still make money, not much mind at $20/bbl. A lot more than ROSE would have made at $20/bbl for sure!

Regards,
Ed.

[12bn] 21/6/2017 09:09

Ed,which bit of 'which some think' do you get your conclusion of 'swears by them' from? That was a lie by you, plain and simple! I do not 'swear by the code 1 theory' but I don't see the point that therefore I shouldn't dare to mention what some folk think about them!

[12bn] 21/6/2017 09:04

If CERP are going to drill a lot of new wells as you say Ed,then they are going to need a LOT of cash and where is that coming from? It will be raised via placings or SEDA taps. Call me a cynic but CERP/LGO doing placings is not unusual and the result is usually new wells whose initial production then drops off a cliff. Same old lgo imo with just a new captain at the helm! It also seems that oil prices are not forecast to do well in the near/medium term.

[edgein] 21/6/2017 09:04

From the KOD thread

"12bn
2 May '17 - 08:52 - 2464 of 3003 2 0
Moving up nicely and a code 1,which some think means an RNS has been logged. Do we still have an accumulator here? The share price looks very strong imo."

If you didn't believe in it you wouldn't have mentioned it. :) I'll await your apology for calling old Ed a liar. You were expecting an RNS after the 1 trade, you even referred to it as a "code" lol!

Regards,
Ed.

[12bn] 21/6/2017 08:56

Ed,you senile old git,I did not forget that I posted about what 'some people think a 1 trade means',I specifically worded it that way because I knew that sometimes RNS do come out after one BUT NOT ALWAYS,so I knew that I wouldn't have posted what you claimed!

[langstor] 21/6/2017 08:50

lol another down day, mug punters taken in by rampers, sub 2 on its way imo

[jcgswims] 21/6/2017 08:44

Yesterday was similar, nothing to suggest any forward selling etc.

[thenorth] 21/6/2017 08:38

Jcg you are kidding me...??What was yesterday like??? That's criminal looking at today's drop...

[edgein] 21/6/2017 08:33

12bn,

Wrong again. Look at SOU for example, how many hundreds of $m have they produced to date. They're valued on their perceived 2P, and its not even 2P yet as its not fully appraised or developed. So its pretty much trading on its P50. That's just one example but there's many more but I haven't the time nor inclination to post about those too. You won't have posted regarding KOD and 1 trades if you didn't believe in them, being an old fella your memory isn't what it was I guess. You had just simply forgot that you posted in support of 1 codes.

"Koots is not planning any new drills and I don't think a few new pumps will do the trick."

Interesting, because if you had done your research you'd know that Mr Koot will be in T&T "next week" when the first well hits the reservoir. Mr Koot also intends to redrill the lost well also and to drill twin wells to target the extensive oil sands. It also blows out your theory that the goudron oil is in pockets. If that were the case you must think that NR, and Chevron before, were the luckiest drillers on the planet as these wells encounter substantial pay in your isolated pockets. But reality is both Mayaro and C-sands are extensive, with the most sands to date in the "lost" well. Luckily for Mr Koot you don't have a clue what you're talking about as exampled when you bought ROSE, an unconventional oil company during the oil crash. Investors that think they know more than they do always come a cropper. No the oil pay in all wells in Goudron is extensive. C sands are not continuous, but the oil isn't in pockets unless they're very large pockets as the CPR has almost 1bn bbls of STOOIP for Goudron. Also Mr Koot is going to twin all wells or perhaps drill 3 (1 injector and 2 producers) which will target your so called pockets!

Regards,
Ed.

[jcgswims] 21/6/2017 08:28

Lse showing 6 trades totalling £9826. Nothing to justify such a drop, unless there are trades that aren't showing yet.

[12bn] 21/6/2017 08:20

The share price is crashing,typical of a pump n dump,I wonder if any of you took advantage of the pump up? Where will it end,2p or much lower?

[thenorth] 21/6/2017 08:17

Wtf - so something is going on here... 20% plus down... and we can't see the trades affecting this.... how very convenient....Placing or SEDA.... is my bet... If so LK has got much to deliver esp as he said dilution was last resort... Not happy at all...

[12bn] 21/6/2017 08:13

Ed,time for you to point out the post where I promoted 'oil in the grounds worth',you now have a track record for making claims about me that are false! Oil in the ground is only valuable if it can be extracted commercially,I have made this point several times on the UKOG thread months ago. CERP/LGO are burning cash but are struggling to get production much over 400 bopd. Koots is not planning any new drills and I don't think a few new pumps will do the trick. Then there is water-flood but we all know that a lot of the oil has migrated upwards into pockets and water-flood may have little medium term affect,except on share holders who will be diluted to fund the attempt.

[edgein] 21/6/2017 07:53

12bn,

You seemed to be quite keen on oil in the grounds worth before you lost lots of money on ROSE. :) Oil companies are still valued on their reserves, just like miners have value attributable to their JORC. Glad to help.

Regards,
Ed.

[arrynillson] 20/6/2017 23:25

dodge city - tell me more about the large liability in Spain - are you sure - under what scenario?

[dodge city] 20/6/2017 22:59

Have you looked at Range yet, until then best shut up re waterflood.

The first waterflood is a Pilot test so outcome is unknown.

Also the company has a large liability looming up in Spain. How are they going to pay for that.

It's easy to stand up at a presentation and say this and that, what matters is delivery. Let's see what happens over the next 6 months.

[arrynillson] 20/6/2017 22:43

dodge city - early days for those details - if you were that bothered why didn't you attend and ask him - I doubt he would have given a full answer because it's all subject to more research and approval.

You seem to have read Shorting for Dummies and are asking questions that can't be answered as per chapter 1 but you've let yourself down by spouting complete garbage about lack of water in Trinidad!

[dodge city] 20/6/2017 22:25

When is Koots intending to start the waterflood, how much will it cost, how long will it take and how much will it increase production by.

Were any of these questions addressed by Koots in his presentation.

[dodge city] 20/6/2017 22:20

How come Range are having alot of problems getting water in sufficient quantities. Check out Range for yourself.

Koots talks the talk but he's in a honeymoon period and still naive.

Oil price is also tanking, it's all over for oil unless there's a war in the ME.

[arrynillson] 20/6/2017 22:06

dodge city - did you hear the comment from Leo - ' In Trinidad there's plenty of water around ' - that's not what you've been telling us - do we believe you or Leo - it's a toughie - how is that camel exportation business going dodge?

You also mentioned Leo was living in a fantasy world - he must have read that as he did refer to his dream world in one of the answers.

A very impressive performance and I'm confident we'll be seeing production growth from that low base of 350 bopd quite soon!