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 0.00% 2.43 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.40 2.45 2.43 2.43 2.43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.57 -2.70 -0.45 20.0
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
24/6/201923:00Columbus Energy Resources PLC 7,731
22/6/201908:58Lind issued monthly with millions of 4.5p shares SELL at 7,25p!2,040
29/1/201910:10CERP is a serial loser,watch out for more fund raising.409
01/12/201810:32Understate...over perform30
15/10/201807:49CERP is a pump n dump share SELL imo199

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Columbus Energy Resources (CERP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-06-24 15:19:212.4535,000857.50O
2019-06-24 14:30:062.404,00096.00O
2019-06-24 14:30:002.40300,0007,200.00O
2019-06-24 14:28:472.45115,7932,836.93O
2019-06-24 14:00:292.4573,4691,799.99O
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Columbus Energy Resources (CERP) Top Chat Posts

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 2.43p.
Columbus Energy Resources Plc has a 4 week average price of 2.15p and a 12 week average price of 2.15p.
The 1 year high share price is 5.25p while the 1 year low share price is currently 2.15p.
There are currently 830,881,192 shares in issue and the average daily traded volume is 1,047,566 shares. The market capitalisation of Columbus Energy Resources Plc is £20,148,868.91.
rossannan: offerman You say that there is lots of news to come. I think you need to stop listening to Edgein’s rosy scenarios and think about the financial and other realities here, something which Edgein is, I suspect, keen for you to avoid doing. This is not to say that CERP will not catch another wave of sentiment - it could, and this could drive the share price significantly higher (as with the misplaced anticipation of the Q1 update). If this does happen though, recognise it for what it is and consider some kind of de-risk. This is how I see the realities here: -PRD potential 4.1 to CERP if good results from CO2 How likely are good results? The SWP aside, does the CERP portfolio not look like a bunch of old and tired fields that are beyond rejuvenation, whether by CO2 or by waterflood (I will come back to waterflood). And in the (I would argue unlikely) event that something comes of the CO2 experiment, where are PRD going to get that kind of money from? Have you had a look at their finances or share price chart recently? - Upcoming AGM I think will be informative too You set a lot of store by Leo Koot. You need to take a step back and look at the things that he has said while in share promotion mode and how they subsequently panned out. Whatever he says at the AGM should be taken with a large pinch of salt, IMO. - possible M&A shortly too as we won the tender a little while ago so sign off should be soon pending any drastic changes . Yes, it is clear from the Q1 update that taking on this new concession will see CERP taking on significant MWOs. How on earth is CERP going to finance these in a shareholder friendly way in this market? - SWP start date . Can you not see how drastically CERP has had to water down its ambitions for the SWP as a result of failing to keep its powder dry for deployment on its one genuinely interesting asset? - update on SD infills rejuvenation's as Better IPSC there than Goudron. Seriously, how good a deal does Steeldrum look now, nearly one year on? I would be very skeptical about what LK can squeeze out of those assets - they have been incredibly disappointing so far. - update on 2nd injector WF If you track all the references to Goudron WF in CERP RNSs I challenge you to come to any conclusion other than that it hasn’t worked and isn’t going to work. - update on the four applications. See above.
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.
offerman: Morning Carp, Not just that, but if newbies rely solely on the opinions and info of others and it seems most gravitate to LSE rather than advfn then they will be extremely put off by the paid trolls over there. I do agree with you as well that it is quiet but then Leo did say he had a plan for getting rid of the traders and of course no news and no buys does mean significant drops in any share price. On the flip side though if really really good news does come from M&A or SWP we will absolutely rock it probably even more so than the current BPC then we will stay higher on actual fundamentals and gain higher support levels. I can't really see the rise is warranted at the moment on BPC . It's rocketed recently from 1.6 to 4p today on no news only rumours of discussions with partners. I haven't actually drilled anything as yet and that would take a mammoth project as it would be a very deep sea drill in the Bahamas. And yet they keep rocketing up for no apparent reason even a recent or an S saying no reason for the share price rise did not hamper the rise and still it continues. I'm really pleased for all invested over there as I like to see any investor make money as that's what we are all here for so it's nice to hear success stories of people making money unlike myself who has lost a fortune. What phases me is the mechanics and what actually makes share prices react the way they do on no news. Obviously share price drops is explainable with no news but how does the share rocket and I've seen on quite a few show recently they rocket on no news. I think the problem here has been LGO and the legacy days so people are not confident they were initially but some of the very enthusiastic statements did not materialise from Leo which was not his fault as initial results from the well rejuvenations looks very encouraging back in 2017. Also the M&A that was said to be completed by the end of last year has not happened either. That's not to say it won't maybe the deal fell through or maybe they're just so many times and conditions and red tape to get through in order to finalise the deal and also to find the right financial way to pay for it either through debt debt for equity or future payment contract or a sharing contract of some sort. Only the management know the answer to this. When you start hitting here if it's good if it's big we will absolutely rock it probably like a sound energy type rise if we hit good oil Flowrates good API. I do personally believe the end of this year is going to be far higher than where we are currently on the share price and I don't see why nine or 10p is out of the question by year end.
rossannan: The lesson that NR taught, which sadly seems appropriate for dealing with his successor, is to assume that anything an AIM oiler CEO says outwith an RNS (and sometimes in an RNS) should be treated as being no more than aspirational, at least until figures emerge which demonstrate that it has a firmer foundation. The CERP share price chart and continuing share price weakness confirm this. Time for LK to stop painting rosy scenarios and come clean about how he is really going to fund the SWP - that exercise could mark a real turning point here.
jcgswims: From VSA Columbus Energy Resources (LON:CERP) Columbus Energy Resources (CERP LN) reported Q4 2018 production averaging 670bopd resulting in full year average production of 615bopd in 2018 which was up 67% YoY and ahead of our full year estimate of 600bopd despite the impact of severe weather and record rainfall in Q4 2018. Quarterly production was 9% lower QoQ as moving workover rigs and routine operations were prevented by flooding which made roads impassable in Trinidad. Gross revenues of US$3.23m were down 16% QoQ owing to lower production and lower oil prices which averaged 5% lower QoQ at US$57.58/bbl. That said, CERP achieved its year end target of 1,000bopd with peak production of 1,021bopd in the quarter. This included the initial production from the Snowcap 1 & 2 wells which achieved 70bopd after three years of shut in status. CERP had guided to an expected 100bfpd with part of the appraisal intended to assess the volumes of water production. After a successful appraisal we now expect pumped production to commence at Cory Moruga. We expect CERP production to bounce back from the impact of severe weather in Q1 2019 and workovers are continuing to progress across the operating fields, indeed the second pilot injection well at Goudron is ready for conversion to water injection in Q1 2019. CERP has guided that average production is likely to remain within the recent peak level in the near term which is line with our current expectations. This unseasonably severe weather does in fact demonstrate clearly the importance of CERP’s acquisitions through 2018, at attractive valuations, which have diversified the operating base to six operating fields. With a reduced reliance on Goudron the company is better placed to withstand one-off shocks such as this while the investment made in operating infrastructure such as backup generators has meant that production was able to continue despite a temporary loss of grid power. Indeed, despite the reduction in output CERP continued to generate positive operational cashflow from its Trinidad operations of US$0.37m (US$0.54m in Q3 2018) which is a strong positive, in our view, and a clear demonstration of the company’s capital discipline and more robust asset base. Cash at year end 2018 of US$2.6m (£1.7m) was broadly in line with our estimate of £1.5m while gross debt was further reduced to US$0.4m. This includes the net impact of the £2.5m fundraise in Q4 and repayment of the US$1.25m loan associated with the Steeldrum acquisition. This leaves CERP well placed to continue the optimisation of the six operating fields as well as make preparations for the major catalyst for the shares in 2019; exploration of the SWP. Based on our forecasts, CERP is fully funded for planned operations and drilling at SWP represents a potentially transformational event for the company given the estimated prospective resources of 1.3Bboe. In addition, CERP is the operator of the Innis Trinity field and the current work programme is funded by Predator Oil and Gas (PRD LN) through a farm in agreement. Workovers in the quarter continued to make progress although CO2 injection has not yet commenced with the submission of the Certificate of Environmental Compliance completed in Q4 2018. Recent share price performance has been soft and while we believe a combination of broad-based equity market volatility and a reduction in WTI oil prices have exacerbated the weakness the progress that management has made operationally and financially was not fairly reflected in the share price performance in 2018. A 67% YoY increase in production is an impressive and significant achievement and we expect continued progress in 2019. Although this was lower than originally anticipated at the start of the year and legacy costs associated with Spain have hampered financial performance we continue to forecast a reduction in the net loss from £5m to £3.4m in 2018 and a return to profit in 2019 demonstrating that the operational improvements are having a meaningful and tangible positive impact on the group financials. We believe that at the current share price CERP’s production potential, exploration upside and capital discipline is simply not reflected and continue to see significant upside potential. We reiterate our Buy recommendation and 21.4p target price.
smoggyg: 'Him' not 'them',as you pointed out in your very first post here. In fact you have only posted here,strange that,it is just as if you only joined up because of me,that reminds me of 12bm. Good to see that you devoted so much time and effort for little old me,you saddo. Here are your posts.///////EggChaser - 25 Oct 2018 - 08:30:24 - 68 of 69 CERP is a serial loser,watch out for more fund raising. - CERP Arry I can see quite quickly that this Smoggy/12bn chap is quite a fanny. I wouldn’t give them anymore of your time. EggChaser - 24 Oct 2018 - 16:07:27 - 6103 of 6113 Columbus Energy Resources PLC - CERP The boys and I were just trying to recall the last time we saw a larger spread and it wasn’t at Autie Ethel’s wake I can tell you. As TL said large buy order being filled as they don’t want you to buy them that’s clear. EggChaser - 22 Oct 2018 - 10:52:44 - 6072 of 6113 Columbus Energy Resources PLC - CERP Mike we agree hence why we think the latest cash call was much better than Lind being relied upon as the shares stay with the recipients for a longer duration. I see another 100k drip. How many more one wonders? EggChaser - 21 Oct 2018 - 20:53:18 - 6062 of 6113 Columbus Energy Resources PLC - CERP Offerman / TG et all. What we would like to know - who has been drip selling 100k chunks since earlier this year, could be DL or NR as we donâ€482;t think anyone else outside of Lind has a large enough holding to do this with? We think that until that’s done the share price will peg lower than where it could be as its contributed to holding us back. We also think that its a brilliant curve ball that MJ and Schroders have stumped up cash to accelerate the companies plans - Lind must have been rubbing their hands together until that happened. As I posted a bit back LK is quite an impatient chap and seeing his MO and his previous track record we don't think we have much longer to wait to see the next great step forwards will be. One huge point for us is the fact that we now have many other strings to our bow and are now far from a one trick pony especially with the frustrations we see in Spain. Time as always will tell but we and our holdings have the upmost confidence in LK, or unlike so many we would not be invested and continue to top up, when timings allow. Back to lurking. EggChaser - 19 Oct 2018 - 20:32:14 - 46 of 69 CERP is a serial loser,watch out for more fund raising. - CERP Arry I see the thread entertainer has gotten his landing wrong again - don’t think I saw 3.5 on the bid today? It backs our thoughts on the intelligence of said fool and how it’s impossible he or she is working alone. We suspect he/she needs their bottom wiping and packed lunch preparing each day but that is conjecture on our part of course. EggChaser - 19 Oct 2018 - 11:24:00 - 6043 of 6113 Columbus Energy Resources PLC - CERP Price drops on small volume… Shocker!!!! EggChaser - 17 Oct 2018 - 20:14:32 - 35 of 69 CERP is a serial loser,watch out for more fund raising. - CERP NorthPole I have read some of 12bn posts sorry Smoggy and I can’t understand for someone whom claims to be so cleaver why he continues to post about a company he obviously thinks will fail... All that energy wasted with negativity brings me and the chaps here to the conclusion that he/she or it is somehow benefiting from a lower share price which then makes me and the boys wonder who he is representing because he clearly does not have the intellect to be acting alone... The old adage give someone enough rope.... We are watching with interest... EggChaser - 16 Oct 2018 - 20:36:18 - 6020 of 6113 Columbus Energy Resources PLC - CERP I agree with that comment... well said that man/woman!!!??! EggChaser - 16 Oct 2018 - 20:31:29 - 27 of 69 CERP is a serial loser,watch out for more fund raising. - CERP So smoggy has an identity crisis? Looking at his posts and of his alter ego 12bn one can say without any question this is not the only thing this person struggles with. Arry the boys and I salute your attempts to reason with what appears to be pond life, if itâ€T82;s of any comfort we have our eye on him... I shall leave you to it. best of luck.. Smoggy if only your past investments were as on point as your grammar but clearly you're eyesight leaves much to be desired. I note your wit, investment choices and your personality are all on the same plane. EggChaser - 16 Oct 2018 - 10:05:11 - 14 of 69 CERP is a serial loser,watch out for more fund raising. - CERP Arry Smoggy is 12bn... you can tell by the dense tone of his posts and investment choices... I admire you're trying to help what appears to be a lost cause... but one that we have our eye on..
smoggyg: Columbus is pleased to announce that, further to its announcement of 15 October 2018, it has today posted a circular (the "Circular") to Shareholders regarding the conditional placing of 71,428,571 new ordinary shares in the share capital of the Company (the "Placing Shares") at a price of 3.5 pence per share//// 71,428,571 new shares! This will inevitably take the share price down to 3.5p and probably lower. If you want an example of what happens after big placings then look at Cerps share price now compared with the 5p placing.NR did several placings here (when the company was LGO) and the share price fell and fell,only when Leo took over did it rise fast. The real reason for the falling share price is Cerp/lgo has always been a cash loser,it still is. Maybe one day LK will buy enough add ons to turn Cerp into a profitable company but it will be at the expense of present holders,via dilutions.
offerman: What intrigues me is the actual ways shares move up and down. People often say it's through buying and selling.Today is a classic example of something else that's able to move or manipulate a share price. We have had a couple of small buys and a couple of slightly larger sells and yet the price moves up. So unless there is a buyer in the background and there will be a late reported delayed buy I can't see what else actually moves the share price. I know news is up and coming with the update but I wonder what actually makes the share price go up and what or who presses buttons to set the price. As at the moment it doesn't seem to be based on buys and sells.There was a period of 7- 8 months I'd say of consistent sales on a daily basis then we had recently big MJ buying a few more. So today we are up nearly 3% but on what? And who. I'm just merely interested in the mechanics of who or what actually changes the share price stipulates I know market-makers can as well. Whether they physically push buttons I have no idea . Sometimes there can be buys and no share price movements likewise with sells . Would love to see the actual inside workings on the way is that share prices move like a documentary or something
the guardian: The rising price of WTI didn't seem to create a rise in CERP share price. Let's see what a fall in WTI does.
rossannan: Brasso3 I don’t think it is a reasonable MCAP for a company that produces 540bopd with turnover (not profit) of £8m - £9m. It is far too high unless you take CERP’s prospects into account. Not sure though that the CERP share price would (or at least should) take a beating just because production slips a little below the low case - the key things are remaining CF+, retaining a healthy cash balance and how planned future growth is to be funded. Funding and financial management are the key. BOPD and/or reserve increases mean nothing if they are bought with dilutive share issues or unaffordable debt. For example, if TXP’s production was shown in its next RNS to have slipped back to 1500bopd, its share price really would crater, even from where it is now, because of its very significant debt. If WF at Goudron turns out to be a slower burner than expected it’s not such a big deal because CERP has no significant debt.
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