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EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Columbus Energy Share Chat (CERP)



Share Price: 4.30Bid: 4.10Ask: 4.50Change: 0.00 (0.00%)No Movement on Columbus Energy
Spread: 0.40Spread as %: 9.76%Open: 4.15High: 4.30Low: 4.15Yesterday’s Close: 4.30


Share Discussion for Columbus Energy


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rossannan
Posts: 5,486
Opinion:No Opinion
Price:4.30
RE: With oil at 80 bucks,
Sat 18:52
faz7474

Didn’t have the sense to open one after the Q2 update, I’m afraid, which is a shame because the share price went from over 5p to under 4p once it was fully digested.
 
faz7475
Posts: 2,323
Opinion:No Opinion
Price:4.30
RE: With oil at 80 bucks,
Sat 18:26
Ross..
Have you closed your short yet..
rossannan
Posts: 5,486
Opinion:No Opinion
Price:4.30
RE: With oil at 80 bucks,
Sat 16:27
offerman

Thought it was just me and faz playing that game - you have good taste! Saw them live in Miami back in the day.
Chesh
Posts: 12,077
Premium Chat Member
Opinion:No Opinion
Price:4.30
RE: Leo Koot
Sat 13:22
Twice..........

unintentional, but hammers the point home :)

All the best (sorry for the doublet)
Chesh
Posts: 12,077
Premium Chat Member
Opinion:No Opinion
Price:4.30
Leo Koot
Sat 13:20
Leo Koot, Executive Chairman of Columbus, commented:

"Yesterday's announcement is a big step by Petrotrin to create a strong and economically viable exploration and production business to the benefit of the people of Trinidad and Tobago. We applaud their commercial strategy and are satisfied that the proposed closure of the Point-a-Pierre refinery will have no negative impact on our Goudron operations and potentially benefit Columbus into the future, if we are able to obtain a higher oil price due to the high quality of our Goudron oil. We have regular meetings with senior Petrotrin representatives and intend to continue to work closely with Petrotrin in the months ahead as they undertake their changes."

Leo Koot, Executive Chairman of Columbus, commented:

"Yesterday's announcement is a big step by Petrotrin to create a strong and economically viable exploration and production business to the benefit of the people of Trinidad and Tobago. We applaud their commercial strategy and are satisfied that the proposed closure of the Point-a-Pierre refinery will have no negative impact on our Goudron operations and potentially benefit Columbus into the future, if we are able to obtain a higher oil price due to the high quality of our Goudron oil. We have regular meetings with senior Petrotrin representatives and intend to continue to work closely with Petrotrin in the months ahead as they undertake their changes."

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CERP&ArticleCode=7zol800z&ArticleHeadline=Petrotin_Restructuring

All the best (hope this helps :)
LayLadyLay
Posts: 2,780
Opinion:No Opinion
Price:4.30
Petrotrin's fake oil scandal
Sat 12:56
OPPOSITION Leader Kamla Persad-Bissessar has written to Commissioner of Police Gary Griffith calling for the perseverance of the criminal investigation into the "fake oil" scandal.

She expressed concern that people allegedly involved in criminal conduct in the matter surrounding A&V Oil and Gas Ltd and Petrotrin will escape the law with the move to shut down the Petrotrin refinery.

“It has come to my attention that in preparation for the closure of the refinery, electronic documents, critical reports, statistical data sheets, technical timeline data surveys and confidential employee statements have gone missing and/or are being removed and systematically destroyed,” stated Persad-Bissessar in her letter dated September 19.

“Such actions carry the real risk of compromising the ongoing criminal investigation by various organs of the Trinidad and Tobago Police Service. Equally serious is the fact that such actions amount to the commission of further criminal offences including but not limited to the obstruction of an ongoing criminal investigation and perverting the course of justice,” she added.

Persad-Bissessar stated that this development was even more disturbing in light of recent revelations at the Port Authority of Trinidad and Tobago which only this week reported that files and documents have recently been discovered missing.

“These actions are clearly designed to undermine and impede the actions of the Trinidad and Tobago Police Service in lawfully carrying out their duties on behalf of the citizens of Trinidad and Tobago,” she continues, “Those who are responsible for these actions are in breach of the criminal law and should face the most serious sanctions.”

She emphasised the critical importance of these investigations to the citizens of Trinidad and Tobago.

“Those who have used their political connections to syphon and secret unlawfully that which belongs to the people of this country must be brought to justice and must not be allowed to escape the reach of the law," she stated.

This evidence, she stated, will be crucial to any prosecution that may arise from investigations into these matters, and failure to do so will allow those who may be in breach of the law to escape the reach of the law and will amount to the greatest injustice to the citizens.

Persad-Bissessar reminded that a report from Petrotrin's audit committee found that the State company would have overpaid A&V Oil and Gas Ltd US$ 11.5 million.

https://www.trinidadexpress.com/news/local/opposition-leader-concerned-over-outcome-of-petrotrin-s-fake-oil/article_f4c6ea66-bcf6-11e8-91ec-37d977dac496.html
IreneKrapp
Posts: 551
Opinion:No Opinion
Price:4.30
RE: Floating around
Sat 10:44
in4 "Goudron may not be the game changer "

Finally you seem to be acknowledging what the evidence has been suggesting for years.

Don't back the Jockey if he's riding a pony
neon
Posts: 4,474
Opinion:Strong Buy
Price:4.30
RE: Floating around
Sat 08:49
Yes I do remember 👍
Carry on then 😁
offerman
Posts: 344
Opinion:No Opinion
Price:4.30
RE: With oil at 80 bucks,
Sat 08:35
Ross

Yep, great song.
in4cedros
Posts: 3,817
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 23:51
Neon - there is a tradition here that someone debates with the trolls - some find it entertaining others don’t but it’s been ongoing for (n)eons here (LOL!) - anyone investing in CERP should be aware such debates are likely for better or worse!
in4cedros
Posts: 3,817
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 23:41
LayLadyLay - (1) - Yes - probably part of the CV for CEO job on most plc - nothing wrong with being positive where justified - I do think you let yourself down in that department LLL!

(2) - Trust but verify !

(3) - difficult to say without a detailed inquisition of Tony - no reason to believe rns are lies though!

(4) - l don’t as I don’t attend board meetings but I suspect that’s the way it’s done as they regularly report progress. Bopd and accounts ultimately assist in verification

It all sounds plausible to me at the moment and I don’t believe the BOD are a pack of liars but if you know different I’m happy to hear what you have to say but don’t be LayLadyLazy put some effort in - eg what happened to your story that CERP were not saving money by switching offices - why haven’t you proved they were lying by now - where is your evidence?
neon
Posts: 4,474
Opinion:Strong Buy
Price:4.30
RE: Floating around
Fri 22:59
in4cedros

Please take my advice and don’t get invloved with these trolls! They only want people to re-act to their posts! These trolls suffer from withdrawal symptoms if no one is reading and responding. It is like a drug to them.

The business is growing and the future is surely bright!

GL matecand have a nice weekend 😊

Regards
neon
LayLadyLay
Posts: 2,780
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 22:36
in4cedros - do you think that Leo uses the media interviews as a sales pitch? Do you take everything he says at face value? How many of the current projects have actually completed? Do you assess progress against stated milestones and if so is everything on-track? How do you know? Try to answer without using the word media :)
in4cedros
Posts: 3,817
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 22:31
Irene - I'm pleased you accept that Goudron production has increased substantially since LK took over - LK has explained that sand was posing a big problem and that the Myno pump may well improve matters considerably but this has only just been installed so early days - if it reduces outage they will likely be introduced widely on the field.

This is innovative tech to use a mining pump on an oil field, we are told - having said that LK recognises Goudron may not be the game changer hence developments elsewhere which may be more profitable in tandem with Goudron optimisation strategy.

As I suggested you're not obliged to invest you must decide what weight to attach to LK information - to say the plan doesn't seem to work is just wrong as production is substantially up - that it's not at the higher case level is correct but that wasn't guaranteed merely an aspiration based on projection of initial success levels - will the new MO yield results - watch this space ( or MEEI reports/next rns ) .
IreneKrapp
Posts: 551
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 21:09
"getting sustained increasing levels of production from wells others believed were past their sell by dat"

so why hasn't the bbls-d increased more in the 18 months Kootsie has been here. Or would a more likely answer be that this model has actually been tried before , didn't work then, now is being tried again, and still doesn't seem to work.

If you are impressed with the performance so far that is your prerogative, no one is forcing you to sell and I am pleased that you think LK's CV has operational experience of developing brown field stripper wells.
in4cedros
Posts: 3,817
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 20:32
Irene - I’m not disappointed because it’s about the model - getting sustained increasing levels of production from wells others believed were past their sell by date using imaginitave technological solutions - the latest media gives examples. If you aren’t impressed that’s your prerogative no one forcing you to invest and I apologise if LK ‘s CV doesn’t pass muster - I don’t think there’s much chance of a rewrite - this may be the final chapter if he achieves the £500,000,000 market cap!
rossannan
Posts: 5,486
Opinion:No Opinion
Price:4.30
RE: With oil at 80 bucks,
Fri 20:26
offerman

Nothing else matters.
offerman
Posts: 344
Opinion:No Opinion
Price:4.30
RE: With oil at 80 bucks,
Fri 20:16
Well said Phill

Sad but true but if we can increase bopd and no ipscthat should help .
IreneKrapp
Posts: 551
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 19:01
in4cedros, Taca and Shell wouldn't touch economically marginal fields like Goudron. What Kootsie did with them as a role will have been totally different to what he is doing now. The last year will have been an enormous learning experience for him. And hence the disappointing increase in bbls-d output over the time he has been here. He underestimated the task, that's obvious.
in4cedros
Posts: 3,817
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 18:50
Irene - although it's been out of the download chart for some while I believe the video of the launch party is still available so you can verify my memory if you are that keen - careful watching it - it seems that people like Ross got a bit carried away !
in4cedros
Posts: 3,817
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 18:33
Irene - o yee of little faith! Although LK was grounded with Shell he moved on to Taca and is known for his success there where he dealt with corporate fund raising and other corporate issues associated with his starring role! He must have anticipated your question as he did tell us at the launch party that he was part owner of a stripper well in the USA - always pleased to assist you Irene!
Bespoke
Posts: 387
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 18:20
How about the people he’s brought in with him ?
neon
Posts: 4,474
Opinion:Strong Buy
Price:4.30
RE: Floating around
Fri 17:38
IreneKrapp

lol

You just wait and watch
IreneKrapp
Posts: 551
Opinion:No Opinion
Price:4.30
RE: Floating around
Fri 17:27
neon, "LK is a O&G pro"

Kootsie worked for an Oil major, he was a Corporate man doing corporate tasks. Very different to running an AIM minnow. He would have had no more experience of raising money through placings, to fund projects than you and me before he started. He also won't have had much experience of working over stripper wells in an old brown site Field. Maybe even none.

You are overestimating the relevance of his previous experience.
Chesh
Posts: 12,077
Premium Chat Member
Opinion:No Opinion
Price:4.30
RE: With oil at 80 bucks,
Fri 16:28
Tell that to LLL please neon...........!

ffs.......... :) his paper round is getting bigger :)

All the best (Xmas tips could get expensive..........!)




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