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Share Name Share Symbol Market Type Share ISIN Share Description
Columbus Energy Resources Plc LSE:CERP London Ordinary Share GB00BDGJ2R22 ORD 0.05P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.825 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.57 -2.70 -0.45 17
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.825 GBX

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DateSubject
26/9/2020
09:20
Columbus Energy Resources Daily Update: Columbus Energy Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CERP. The last closing price for Columbus Energy Resources was 1.83p.
Columbus Energy Resources Plc has a 4 week average price of 0p and a 12 week average price of 1.60p.
The 1 year high share price is 5p while the 1 year low share price is currently 0.92p.
There are currently 918,014,741 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Columbus Energy Resources Plc is £16,753,769.02.
09/7/2020
11:02
12bn: The main terms of the Agreement are as follows: -- A total of US$4.5 million available to the Company to drawdown. -- US$1.5 million drawn down on signature of the Agreement, with the money received by the Company within 10 business days ("Tranche 1"). -- Right to drawdown an additional US$1.5 million at any time, provided the Company's market capitalisation is above US$25 million ("Tranche 2"). -- Right to drawdown an additional US$1.5 million provided: (i) the Company's market capitalisation is above US$25 million (currently approximately US$40 million); and (ii) the outstanding borrowing from Tranche 1 and Tranche 2 is less than US$2 million ("Tranche 3"). -- The following terms and conditions apply: -- Tranche 1: -- 120-day repayment free window before repayment of the loan commences over a 20-month period. -- Repayments, at Company's option, either in cash or Company shares (or both). The monthly cash payment would be US$89,066 and any shares issued would be at approximately 90% of the then current 20-day VWAP (the "Repayment Price"). -- Tranches 2 & 3: -- Repayment of each tranche to be over a 24-month period. -- Repayments, at Company's option, either in cash or Company shares (or both). The monthly cash payment for each Tranche (if drawn) would be US$74,222 and any shares issued would be at approximately 90% of the then Repayment Price. -- For all three tranches: -- The Funder has the right to convert any loans outstanding into Company shares at a fixed share price equal to 130% of the Company's 20 day VWAP prior to signature of the Agreement (approximately 5.1p) (the "Conversion Price"). -- Company has the right to buy-back the outstanding balances (the "Buy-Back") at any stage during the term of the loan without penalty, although the Funder has the right to convert up to 25% of the Buy-Back into Company shares at the lower of Repayment Price or the Conversion Price. -- Company has paid an up-front commitment fee of US$105,000 for Tranche 1 and Tranche 2. If the Company draws down on Tranche 3, a fee of US$52,500 will be payable. Apart from legal fees incurred to establish the Agreement, no other fees are payable. -- For Tranche 1, the Funder has received 14,625,000 share options, which may be exercised within 60 months at a share price equal to 150% of the 20 day VWAP immediately prior to drawdown. For Tranche 1, the exercise price is 6.0p. For Tranche 2 and Tranche 3, additional options on similar terms and conditions would apply upon any drawdown. -- The Funder has the right, upon certain terms and conditions being met, to re-invest up to 50% of the Tranche 1 amount (and, if drawn down, the Tranche 2 amount) on similar terms and conditions. -- The amounts drawn-down are secured against 7,500,000 shares in the Company ("Collateral Shares") and will rank as senior secured debt against the assets of Columbus (subject to existing security). The Collateral Shares will be issued simultaneous with the receipt of Tranche 1 by the Company, for which a further announcement will be made in due course. The Funder will pay par value for the Collateral Shares and if the Funder calls upon the Collateral Shares it shall pay the Company the then current market price of the Collateral Shares called minus the par value previously paid. Background:
30/6/2020
09:54
12bn: Eggy,are you starting a war with me on the BPC thread,not wise of you imo.///////EggChaser29 Jun '20 - 17:21 - 41193 of 41208 0 1 0 So you are posting here too now 12bn? You are a busy boy! As I said over on our threads with PRD likely to hand CERP for the 100% ownership of the Co2 project $4.2 mill and add to that the current production from Goudron keeping the lights on oh and the small matter of Saffron producing with the second FUNDED drill at Saffron due soon makes me wonder why you have failed to mention this to readers? No mention of the results from the other structures found at Saffron or the mention of the cash CERP have in the bank? No mention of the work on going in Suriname or even any mention of the Clove drill that had an even better COS than Saffron? Do you have an agenda here too in conjunction with your mission on the CERP threads 12bn!? Are readers aware of your failures at MRS and TOOP not to mention KOD along with many others, or the predictions that WTI was heading south when it reached $22 and the notion that CERP share price would dive to 1p? Naughty boy!!! Lol//////// Adding a LOL to the end of an unprovoked attack on me on the BPC thread changes nothing to the post. I said I would treat your posts with respect if you did the same,I guess that you forgot.
23/6/2020
20:45
eggchaser: Spangle you are right in some respects but I disagree too - first the company is not being sold and the share price is not set - so if the BPC share price heads north, before the merger, we benefit from the rise at a discount to their share price on the day or have I got it wrong? In my view LK has done well and whilst the share price maybe static today it could still go up or down tomorrow, so I don’t buy that he has achieved nothing as investing is surly about a compelling story, buying into it and then the delivery of the book? To read just over half of it and then try to review it is not possible or fair in my view? One thing LK has given is hope and a sizeable discovery at Saffron as well as an entry into Suriname plus a chance with other projects. I remember that lost drill too and it was terrible, but in LK I think we have someone who knows what he is doing and needs time to deliver something it appears Schroders dont have the luxury of and to be fair is one of if not the main reason the share price bumbles around at 2p? Had they of not been divesting then imagine where we would be now? For me I judge on the delivery of the 5 year plan and as they saying goes you can judge a summer with the sight of one swallow so until the thermometer hits 30 degrees Ill pass judgement!
19/6/2020
12:37
pr100: The CEO interview added nothing to the story so far, imho. TH should have been asked what he gets out a merger which costs him, and other directors, their job. Too wishy-washy just saying that the deal was agreed for the benefit of diverse stakeholders. And still no production update from CERP (last known: 550-650 bond in Oct 2019). If this key data is missing from the upcoming shareholder circular, I will definitely be voting against since I object to being treated like a mushroom. Nor was there any mention of the main reason for CERP's depressed share price which is the relentless and ongoing forced selling by our major shareholder. Damaging as this has been for the SP, it hasn't impaired the value of CERP's assets - hence basing a merger deal on current SPs is the worst possible idea for CERP shareholders. COVID at least impacts both parties to the deal but Schroder is exclusively CERP's temporary problem. BPC can't be blamed for wanting to take advantage of CERP's forced seller - but CERP should never have agreed to negotiations based on temporary and one-sided share price movement. It's also highly relevant, but unmentioned, what Schroder intend to do. I'm sure BPC PIs won't want to inherit their daily selling. Looking forward to the circular before the end of the month as it needs to contain all the missing information. I blindly followed LK once but won't be doing it again. Especially as our BoD only own 1.6% of the equity between them (albeit this is not as bad as BPC's BoD's 0.6% skin in the game). All these guys are tiny minority shareholders so they need to start delivering some persuasive facts PDQ. Good to see the share price up this morning but it can't be because of this interview.
15/6/2020
11:44
dodge_city: CERP share price is now hostage to BPC who look way overvalued at 60mill+ and still have to raise cash. This looks very risky in the short term.
13/6/2020
11:32
eggchaser: Hmmm..... taken from LSE - my take is we don't know why the merger yet - could be bad or it might be for good reason?For now I remain on the fence with my vote as both sides need to be listened to.lease copy and paste this post somewhere for posterity. I had an eureka moment yesterday evening which I slept on overnight before posting. It involved reviewing recent RNSs, analysing human reaction and joining the dots to paint a prediction picture based on possibilities vs probabilities.Q1: It is a safe assumption to assume the CERP BoD were neither desperate nor suffering from mental issues. So why did the CERP BoD unanimously vote to merge with BPC considering most of them will be out of a job? A1: It is because they know of material events behind the scenes which will substantially increase shareholder value and the share price in the merged entity.Q2: Why did the CERP BoD unanimously agree to a BPC share price valuation of 3.33p considering the share price has fluctuated so much since January 2020? A2: as above and also because there is a high probability more positive RNS news-flow is on its way BEFORE the merger vote on 24/7 and 27/7.Assumptions:1. When the proposed merger announcement was made Thursday it caused a mini panic and confusion until Friday lunchtime. If lynching was legal, some BPC + CERP shareholders may have exercised that option against key members of both BoDs. When the share price recovered Friday and these disgruntled shareholders began to understand the overall strategy as being very symbiotic, many calmed down.2. I believe positive RNS news-flow will emerge between now and the July vote to ensure 75% acceptance. And if this news-flow results in a BPC share-price of higher than 3.33p, it will give even more reason for CERP shareholders to accept.3. The above will also entice BPC shareholders to accept, as the share price from now until vote assumes the merger will be agreed. Contrarywise, if the share price is [much] higher by end of July, and the vote is rejected by BPC, it is likely to fall.So what's going on behind the scenes? The answer is to look at dates and to paint a picture of probabilities.1. Stena were given 'various' options (RNS 26/5) for funding including a farm-in in lieu of services. And others that have not been disclosed. At the time based on the $10m for 10%, it valued the company at 3.2p DISCOUNTED. This was despite the share price on 26/5 closing at 1.58p.2. At any-time from 1 September, Stena can join the party. And I suspect they already knew about the merger plans, Uruguay and other stuff not yet in the public domain.3. Why 1 September? Because as long as the merger happens in August, I believe Stena have already agreed in principle to do a farm-in JV for a number of wells not just Pers-1. The Stena sphere group are cash rich. While their drilling ships are under-utilized due to Covid-19, they have nothing to lose and everything to gain if only 1 spud is hot.4. As part of point 3, there is even the possibility Stena will JV with BPC to go on a M+ A shopping spree of companies similar to CERP affected by Covid-19 and PoO.I'm voting YES (BPC) even if some of the above doesn't happen.
13/2/2020
07:09
12bn: RNS Number : 8288C Columbus Energy Resources PLC 13 February 2020 13 February 2020 COLUMBUS ENERGY RESOURCES PLC ("Columbus" or the "Company") Corporate Presentation Issue of Shares and Toting Voting Rights Columbus, the oil and gas producer and explorer focused on onshore Trinidad and Suriname, with the ambition to grow in South America, has made a corporate update available on its website. To view it, please visit www.columbus-erp.com The key highlights are: -- Testing of the Saffron Well in the Lower Cruse started early February 2020 -- Logging results for the Middle Cruse confirm it is a valid secondary target for testing and development -- Prudent cash management - US$3.1m in cash (including US$0.62m in restricted cash) (as at 31 January 2020) Leo Koot, Executive Chairman of Columbus, commented: "The Company is currently testing the Saffron well in Trinidad and will update the market as the testing progresses. Given the time it has taken to drill and test the Saffron well, a number of investors have asked for a corporate update. We are pleased to report that there is no material change to our core strategy of testing and, subject to test results, appraising and developing the Saffron well and its surrounding acreage. Logging results for the Middle Cruse have been interpreted and the Company believes that it confirms the Middle Cruse is a valid secondary target. In the event of negative or inconclusive testing of the Lower Cruse, the Company intends to immediately test the Middle Cruse. The Company expects to be able to produce from the Middle Cruse at commercial rates. We continue to operate our base production in the most efficient manner possible. In the Trinity Inniss field, we continue to work with Predator (our joint venture partner), the Ministry of Energy and Energy Industries and Heritage to move to continuous injection of CO2. In Suriname, we move steadily towards being ready for an Extended Well Test in H2 2020. Management continue to believe in the Company's prospects and a number of the Executive Management team have elected to convert their Executive Salary Options into ordinary shares. We look forward to updating the market on each of these projects as they develop and reach relevant milestones. " Executive Salary Scheme As previously announced, the Company's directors and executive managers ("Executive Management") currently receive 50% of their fees in Company shares (the "Executive Salary Scheme" and "Remuneration Shares"). The Executive Salary Scheme has assisted the Company in both managing its cash and also ensuring Executive Management interests are aligned with the Company's shareholders. The Remuneration Shares take the form of nil cost options, which provided the Company with more flexibility but does not change the number of shares to be issued in any way or provide any additional value to the Executive Management. As at 31 December 2019, the fees to be settled by the issue of Remuneration Shares equated to 36,515,008 shares (equal to approximately 4.3% of the Company's current issued share capital). Remuneration Shares are calculated monthly using a fixed share price therefore the timing of issuance of Remuneration Shares is not relevant to the number of Remuneration Shares issued. The fixed share price has ranged between 3.5p and 5.1p. The Company has received an election from certain Executive Management members (including Mr Koot) to convert their options into ordinary shares of the Company, as is their contractual right pursuant to the Executive Salary Scheme. As such, the Company will issue 15,169,886 new ordinary shares to those Executive Management members (the "Executive Management Shares"), representing 1.8% of the 848,260,742 ordinary shares in issue prior to the issuance of the Executive Management Shares. The Company expects to record the issue price of the shares in its books at the closing share price on the day before issuance. The relevant Executive Management members have stated that they have no intention of selling the Executive Management Shares in the near future. The Company will otherwise continue to operate the Executive Salary Scheme (or the Amended Executive Salary Scheme as announced in September 2019) as circumstances dictate. Prior to today, no ordinary shares related to the Executive Salary Scheme have been issued to (or sold) by any of the Executive Management. The Executive Management Shares will rank pari passu in all respects with the Company's existing ordinary shares. An application will be made for the Executive Management Shares to be admitted to trading on AIM, ("Admission"), and it is expected that Admission will become effective and that dealings will commence on or around 19 February 2020. Contractor Shares The Company continues to employ the Contractor Shares scheme to settle fees otherwise due to various contractors. The Company aims to utilise the Contractor Shares Scheme in a prudent manner, balancing cash management with equity dilution. The relevant services have now been provided and therefore the Company will issue 9,500,000 new ordinary shares to those contractors (the "New Contractor Shares"), representing 1.1% of the 848,260,742 ordinary shares in issue prior to the issuance of the New Contractor Shares. The New Contractor Shares will rank pari passu in all respects with the Company's existing ordinary shares. An application will be made for the New Contractor Shares to be admitted to trading on AIM, ("Admission"), and it is expected that Admission will become effective and that dealings will commence on or around 19 February 2020. Total Voting Rights For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Columbus hereby notifies the market of the following: As at the date of this announcement, and after the issuance of the Executive Management Shares and the New Contractor Shares, the Company's issued share capital consists of 872,930,628 ordinary shares with a nominal value of 0.05p each, with voting rights ("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 872,930,628. 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. Qualified Person's statement: The information contained in this document has been reviewed and approved by Stewart Ahmed, Chief Technical Officer (Trinidad), for Columbus Energy Resources plc. Mr Ahmed has a BSc in Mining and Petroleum Engineering and is a member of the Society of Petroleum Engineers. Mr Ahmed has over 33 years of relevant experience in the oil industry. Contact Information Columbus Energy Resources plc Leo Koot / Gordon Stein / Tony Hawkins +44 (0)20 7203 2039 VSA Capital Limited Financial Adviser and Broker Andrew Monk / Andrew Raca +44 (0)20 3005 5000 Beaumont Cornish Limited Nominated Adviser Roland Cornish / Rosalind Hill Abrahams +44 (0)20 7628 3396 Notes to Editors: Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad and Suriname. In Trinidad, the Columbus Energy group has five producing fields, one appraisal/development project and a highly prospective exploration portfolio in the South West Peninsula ("SWP"), which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. In Suriname, the Company has recently secured an onshore appraisal/development project. Columbus aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner. Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible. The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business. To find out more, visit www.columbus-erp.com or follow us on Twitter @Columbus_ERP. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. END
16/1/2020
19:55
offerman: Nice post Hilly. There are so many different ways to look at all of this. Another way could be although The share price is low right now I believe everyone will win.- The lower the share price then buys are more likely to appear at this level than they are at 3 1/2 or 4p . We have no concrete news so best drop the price when you know you have a large seller. - The Schroders sell-off can only happen when there aren't enough buys mounting up to allow the sales to go through. It's easier to work the big sell order at a lower price for the market makers. - The quicker we can assist Schroders to offload the better for all of us and of course the market makers will also benefit massively because the shares they take as well and hold some will be sold off at much higher levels once news arrives. - if the news is great from the saffron logs I wouldn't put it past one of the big Oiler's as I mentioned a while ago to take a position as well. This could also help take up the slack from shroeders. - don't forget as well that the lower share price that we stay even if there is brilliant news from saffron drill , CO2, WF and Schroders continue selling this will still keep the share price low as any buys just get cancelled out with the Schroders affect.What this will do will make us ripe for a potential hostile bid in my opinion and I do believe because of our location and potential a counter bid would come in as well.So whatever happens as long as saffron is good and hopefully CO2 as well we will win in the end despite Schroders keeping us down.Either buys appear and raise the share price or we stay low and then we will take a ballpark figure take out for us. This won't happen now but the longer we stay down the greater the chances of this happening. I even believe that we could get taken out before the 2 to 3 year target if we get excellent results on saffron and if they clove and get further good results, I know a deep dream was planned the last time that was mentioned was in a 18 to 24 month window and since that time 6 to 8 months has passed. I would need to check the timestamps on the roadmap again from the last PDF but maybe we will drill a deep drill with a partner in the next 12 to 14 months.Let's not forget as well Tony Hawkins will be working away in the background no doubt on potentially further deals perhaps similar to Surinam. Suriname was more down to Leo because of his Dutch heritage and connections through his family to Surinam. But Tony was our ace card with all of the deals he did in Trinidad. So I expect he will be working on more deals as well. Who knows maybe we get into Columbia as well? It's all going to come very good what we really need is an excellent springboard from saffron log results to set us on our way.
17/12/2019
10:49
offerman: Morning TG, It could be that a new person has taken over the Schroeders investment account so the original purchased of CERP shares is no longer in charge. So if he/ she has their own ideas about a bargain elsewhere and doesn't know the history of CERP and only looked at the share price graph then they may be wanting out to invest elsewhere. Because it's not their own money they are far likely to care less such as managers at Equitable Life. It could be orders from higher up in Schroeders to bail out or top slice. That's if indeed it is Schroeders selling which I suspect it is. It does seem crazy to me though even if it is them I'd be holding all the shares not selling after the Saffron update . Who knows , it could even be they fell out with LK or other management ? Maybe they didn't and have just had enough of waiting. They could be just derisking and selling off all the 65 or so million shares they bought at 2p turning in a nice 50% profit . I don't think it's Pi unless stressed holders needing the cash. I know of one from LSE who had bad luck and had to bail out.so what we have at the moment is a pretty rare situation in that we have positive news so far yet the share price has been drifting lower for quite some time with tiny spikes only to drop down again creating a huge overhang. The reason for the very low share price currently is this in my opinion:The MMS have known for some time and been given an instruction to off load a massive amount of shares. They can't just sell all of them in one go they need people to buy in order to help Schroders off load. I have seen this happen before when a large sale order is placed the market makers take the share price lower despite the fundamentals and the fact of we should be higher but it's down purely to the seller. I have seen it before that when the seller had announced they had finished or were out the share price spiked on virtually no news or buys.The market makers are taking the share price low because when Schroders announced they are stopping all finished then the market makers will raise the price selling the shares back on especially on good news and will be making vast amounts of money.We will go much higher than where we are especially on even more good saffron news. We need details though of extraction rates stability API so further testing confirmation to make it bookable. Once we have this in the bag we will attract new investors and no doubt show this will continue selling but there should be a bit more balance between many more buys starting to appear which should help to offload the selling pressure from Schroders.We have CO2 coming up as well, we have further production increases coming from across the steel drum assets acquisition. Then there will be South America.We have many catalysts and of course saffron be in the very very near term which I think will be very good and spark interest in the SWP.Who knows we may even hit our target within 2 1/2 years if saffron shows good results on all three zones. Then bodes well for the rest of the identifications and also derisks other near term drills. Management I've done a fantastic job to get us to where we are now considering what they came into. I believe they will continue and do a brilliant job despite Schroders selling for whatever reasons they have. Once the hangover can be cleared and they stop then everyone else's hangover should clear to a better feeling head and a higher share price Thank you Kaz for your kind words.
01/6/2019
15:43
rossannan: offerman And there is Edgein quoting LK at you: the potential for offshore flow rates onshore Beware of rampers - they love a good soundbite. In the real world, there are hard questions to answer: how deep would CERP have to go onshore to have even a shot at those kind of flow rates and what are the chances of cash-strapped CERP being able to afford that kind of exploration in the short, or at this rate even medium, term? Edgein comes across to me as a ramper and, frankly, LK is increasingly coming across as one too. Please stop listening to the people who just tell you what you want to hear without offering any real balance and consider the merits of even a modest derisk if the opportunity arises. After that last update I am no longer entirely convinced that there is a floor under the CERP share price. This could go sub-2p. If you have recent purchases that are in profit or that may be in profit at some point in the near future once the usual suspects start talking up the concession announcement and/or the next update, consider the merits of reversing them. This is not a basket to have too many of your eggs in.
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