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EXCLUSIVE: Malcy, Columbus & Reabold presentations - Video Webcast Here

EXCLUSIVE: Leo Koot, Exec Chairman, Columbus Energy speaks at London South East's Oil & Gas event
EXCLUSIVE: Stephen Williams, Reabold Resources speaks at London South East's Oil & Gas event


Columbus Energy Share Chat (CERP)


Oil & Gas Investor Evening with Malcolm Graham-Wood (‘Malcy’) and AIM-listed CEO’s
Tuesday 17th July from 6pm

Join Columbus Energy Executive Chairman Leo Koot, along with legendary Oil & Gas analyst Malcy Graham-Wood, Curzon Energy CEO Steve Schoepfer and Reabold Resources Co-Chief Executive Stephen Williams at the LSE Oil & Gas Investor Evening.
Click here to reserve your FREE ticket.


Share Price: 4.65Bid: 4.50Ask: 4.80Change: 0.00 (0.00%)No Movement on Columbus Energy
Spread: 0.30Spread as %: 6.67%Open: 4.55High: 4.70Low: 4.55Yesterday’s Close: 4.65


Share Discussion for Columbus Energy


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PinWiz
Posts: 421
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Today 17:36
Boiler-room boys one and all!!
 
Chesh
Posts: 10,946
Premium Chat Member
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Today 14:34
Tooth paste would then be bad for your teeth Scarface72......!

and I read that in a news paper a few (many) years ago :)

don't forget Ross trying to buy the BB, with his donation (to charity) for silence............!

that ransom speaks volumes!

All the best (tooth paste is not bad for your teeth BTW :)
Scarface72
Posts: 469
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Today 12:30
How can anyone take any notice of people so terrified at what ever decision a company makes.

"Oh no, its raining outside - i'm going to get wet".

"Oh no, the sun is shining outside - i'm going to get burnt".

Jeez... stick to toothpaste.
LGO-fan
Posts: 2,278
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Today 10:37
hahaha!!! Yes, you are absolutely right
countdemonet
Posts: 660
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Today 09:10
Hi LGO-fan

Does anyone take any notice of Mo, Larry and Curly these days???.I sometimes wonder what the puppeteers are telling them to do to justify their remuneration
LGO-fan
Posts: 2,278
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Today 08:46
funny how the old treesome, LLL\12bn & Ross, are kicking up a storm simultaneously....
in4cedros
Posts: 3,722
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Today 04:51
LayLadyLay - you must be the only one on this planet that thinks Predator going ahead with the $4.2 option deal for those extra shares is not good business for CERP - do the maths mate!
LayLadyLay
Posts: 2,718
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Today 00:22
' If Predator strike bonanza production they might want to buy out CERP for the $4million plus agreed but we still keep most of the TI field and pocket the cash.'

In4cedros - it's not CERP that Predator would be potentially buying out but FRAM

'As part of the Predator transaction, Predator has the right until mid-2019 to purchase FRAM Exploration Trinidad Ltd ("FRAM"), the Steeldrum group company that is party to the Innis Trinity IPSC. The purchase price for FRAM would be US$4.2m.'

Rampers will see this potential transaction purely as cash into the bank, whilst ignoring the small fact that CERP would then have to issue to the sellers a further 16,920,083 shares in Columbus.

As I have said many times in the past, there's no such thing as a free lunch! If this event were to come to fruition then the funds raised will effectively be by way of placing.

Here's a reminder .....

The consideration for the purchase of Steeldrum is the issuance to the Sellers of 92,743,775 shares in Columbus (the "Base Consideration Shares").

Columbus may also pay deferred consideration to the Sellers, as follows:

1. 16,422,434 shares in Columbus following the re-issuance of the Cory Moruga E&P Licence and 16,422,434 Shares following either a positive final investment decision being made to develop the Cory Moruga field or a sale to a third party (the "Cory Moruga Shares"); and

2. 16,920,083 shares in Columbus in the event the Innis-Trinity field is sold to a third party for no less than US$4,200,000 (the "Innis Trinity Shares") - see option held by Predator Oil & Gas Limited, as referred to below.

There's a fair amount of dilution on the horizon and no doubt the other potential deals that have been alluded to will be based on similar terms, largely because the company has limited capital with which to do any cash transactions.
in4cedros
Posts: 3,722
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Fri 22:17
IreneKrapp - many thanks for your input on Steeldrum. I am impressed by your initial assessment that It does not look to you that Leo is simply buying in profitable production - I agree wholeheartedly as current production there is struggling to meet the first tier production threshold of circa 150 bopd and assuming that IPSC is similar to Goudron the profitability of the first 150 bopd is almost certainly going to be loss making for anybody!

Leo is well aware of the details of the IPSC - he knows that building production levels is paramount rather than the price of POO and if he can ‘ do a Goudron ‘ on it and raise it to say 600 bopd this will give 450 at the profitable rates. In the media Leo said that he would use same MO on TI field but he expected better results because the source rock was deeper and expected to not present the sand issues that dog them at Goudron.

Some people may not be aware that this is the second time we have proposed to TI - the first time the oil price dived by more than 50% between proposal and ceremony so we jilted the bride on some technicalities and came to an out of court settlement - probably saving the old LGO from bankruptcy! The reasons for buying were compelling ar the time as geologically this field is in a prime location - better on paper than Goudron and sinking new wells there was thought to have huge potential.We have since had the ArKeX survey and this confirmed the previous analysis.

I’m not suggesting that TI will be our major focus but in the near term we should get some useful profitable production from the field and we benefit from the Predator drill which they are committed to and are financing themselves so that’s a win win for CERP. If Predator strike bonanza production they might want to buy out CERP for the $4million plus agreed but we still keep most of the TI field and pocket the cash.

You may think the deal was a bit of deflection and you are entitled to your view - IMO this is a stonking good deal for CERP but I certainly acknowledge that they may need to apply CapEx to maximise opportunities there - as well as elsewhere - so I would not be surprised to see Lind being used - good the company have put in place such a good deal, in advance, otherwise everybody would be shouting Placing from the rooftops just like in the old days you referred to in your post Irene!
Rugby2015
Posts: 692
Opinion:Strong Buy
Price:4.65
WTI
Fri 20:13
Good to see WTI is back over $70, we all know we don’t actually receive the full $70 a barrel and actual figures received were stated in the yearly report, however we all know that $70 is a very good number and at the start of the year we would have all taken that. Looking forward to hearing about news about increased production at Bonasse in due course. Busy time for LK and team in Trinidad just now integrating the new acquisition into the group to optimal affect.
Chesh
Posts: 10,946
Premium Chat Member
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Fri 18:26
I've asked the following on the official Website for Columbus PLC,

"Koots...... my man, love the purple mate, Irene has a concern..... follows 'Leo is buying into it for a bit of deflection.'. And I laughed also, but would you be so good as to put Irene's mind at rest......... ! thank you"

All the best (should clear that little bit of crapup!)
PinWiz
Posts: 421
Opinion:No Opinion
Price:4.65
RE: 50K BOPD
Fri 17:59
Looks like their starting to creep out of the woodwork again, come on LLL it's your turn lol #notinvested #neverwillbe
IreneKrapp
Posts: 422
Opinion:No Opinion
Price:4.65
RE: Any Thoughts?
Fri 17:52
Ross, "Is Steeldrum good value though? It does not look to me as if he is simply buying in profitable production - the LIND facility implies that he will need to prime the pump, and then some."

Steeldrum is loss making. It doesn't make a profit. And CERP, a loss making company, buying another small loss making company will not make a profitible one. I would imaging Leo is buying into it for a bit of deflection. Being seen to "make deals" will be welcomed as positive and not properly scrutinised by the Retail investors who don't actually know what Cash flow positive means. ( this company has been claiming CF+ for years and years and yet has always got the begging bowl out )
Chesh
Posts: 10,946
Premium Chat Member
Opinion:No Opinion
Price:4.65
RE: 50K BOPD
Fri 17:52
I'm perfectly horizontal also edgar,

The only peeps moaning, are them that want a cheaper entry :)

ney mind eh.....!

All the best (zzzzzzzzzzzz)
edgar222
Posts: 641
Opinion:No Opinion
Price:4.65
50K BOPD
Fri 17:47
Did I hear that right in the latest presentation?

Goudron up to 2500 BOPD if waterflood works.

SWP exploration, if it is as hoped you can add 50,000 ?

Need to go lie down.
Chesh
Posts: 10,946
Premium Chat Member
Opinion:No Opinion
Price:4.65
RE: RE:Cerp
Fri 17:07
All the best (and appreciate your up front honesty)
sellonnews
Posts: 4,230
Opinion:No Opinion
Price:4.65
RE: RE:Cerp
Fri 16:52
During the last few days I have been divesting my CERP holdings (several millions) and the 1,000,000 today cleared them all. with an average 83% profit. At one point that was over 129% and the slow drop downwards, along with the recent news made my mind up.

The future potential is superb but I didn't see any marked upside from here until October/November at which point I'll be buying back in, even if that's at 7p for the potential SWP production.

GL to all.
.
.
Chesh
Posts: 10,946
Premium Chat Member
Opinion:No Opinion
Price:4.65
RE: Columbus Energy builds on presence
Fri 16:09
What about the face pulling...... lol BTW, I paused it and it looked like he was farting :)

and the "No kidneys left" short ........!

Less facts, more guff please :)

All the best (Purple people unite!)
SKY-RIDER
Posts: 33
Opinion:No Opinion
Price:4.65
Columbus Energy builds on presence
Fri 16:04
Columbus Energy builds on presence in Trinidad with Steeldrum deal

“Columbus’s own production averaged 553 barrels per day over the quarter to June
Columbus Energy Resources PLC (LON:CERP) is steadily building a significant portfolio in the south/south-west of Trinidad.
The group has just agreed on another substantial expansion through the acquisition of local producer Steeldrum for £4.4mln in shares.
Leo Koot, Columbus’s executive chairman, said Steeldrum’s addition gives it a large well-balanced portfolio of assets strung across the south and south-west of Trinidad.
"Until now we've been focused on production from the onshore field at Goudron in Trinidad, but now we can use its cash to focus on the SW Peninsula."”

http://www.proactiveinvestors.co.uk/companies/news/200760/columbus-energy-builds-on-presence-in-trinidad-with-steeldrum-deal-200760.html
Scarface72
Posts: 469
Opinion:No Opinion
Price:4.55
RE: RE:Cerp
Fri 14:49
Probably somebody who got the jitters having seen LK's puzzled look on the LSE website.

It happens - PI's can be pretty fickle sometimes :)

Leo's expression is what he thinks of somebody selling CERP stock.
Chesh
Posts: 10,946
Premium Chat Member
Opinion:No Opinion
Price:4.55
RE: RE:Cerp
Fri 14:19
I forget the avatar/name, but someone had a multi million share short on here recently, weeks not months.

So has probably sold his last kidney to fund some more, and is now on dialysis..........!

ooops!

All the best (IMO :)
SRS69
Posts: 146
Opinion:No Opinion
Price:4.55
RE:Cerp
Fri 13:59
1,000,000 sell, wonder who that is?
LGO-fan
Posts: 2,278
Opinion:No Opinion
Price:4.55
great post
Fri 12:58
Great post from northpole2 on that other BB

LK has previously stated that BP have shown an interest in the SWP and NR said likewise. They are active and operating in the area and any development of scale would almost certainly be of interest to them. BHP, Exxon and others have also had real exploration success in the recent past in the area but are all operating offshore, the SWP is onshore which is why Columbus have managed to get it (in a great deal). But the potential volumes available from the SWP will certainly be of interest to a major, upon exploration success by CERP, who are all desperate to fill their reserve coffers after 3-4 years of under-investment. It is a fact that there would be a 7% decline every year across the world in oil production without any new investment in new activity/fields. The majors therefore need to run fast to stand-still. Remember Columbus has noted prospective resources of between 20-400 million barrels for 12 separate prospects in the SWP EACH. Any volumes in excess of 50m barrels discovered would definitely attract the majors, independents and many others. CERP is simply playing a good game of planning to take on the first wells step by step using its own cash resources and, if they achieve success, the majors will then be there. That coming from someone who works in this industry. LK won't want any deals with the majors yet, far too early for that and you'd be giving too much away too early. NR said likewise. Upon success, there would be a queue of interested parties forming. That would be a nice place for Columbus to be as they can decide how to play things in so many ways then (go it alone and develop, farmdown, sell out all or part of the licence).
in4cedros
Posts: 3,722
Opinion:No Opinion
Price:4.55
RE: Any Thoughts?
Fri 12:38
Ross - I’m really disappointed you have decided to fire from the hip - commenting on developments here without watching the 2 medias is like rubbishing Sgt Peppers’ by just reading the lyrics - before listening to the album!

Notice you still can’t mention Spain even though it was included in the rns - in talks about a joint bid - more news likely before end of September - interesting bonus if CERP manage to win that and monetise !

I can’t be assed to go through your issues until you’ve watched the medias as there is too much ignorance to overcome - the medias emphasise the need to reconsider priorities for getting best bang for buck and there are truly magnificent opportunities discussed in the medias which even you will be able to appreciate- enjoy rest of your holiday - don’t post in ignorance !
Chesh
Posts: 10,946
Premium Chat Member
Opinion:No Opinion
Price:4.70
RE: Any Thoughts?
Fri 12:25
Is the SP moving away from your preferred entry price?

All the best :)




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