Member Info for get_rich_quick

Mr Magoo,

As much as I admire your passion with this company, I have to ask, you mention a re-rate.

What do you think the Sp will re-rate to if the Middle Cruse does show and produce commercial amounts?

The Lower Cruse has all the hall markings of showing inconclusive results, and even if the Middle Cruse does produce, say 500Bopd, how reflective will that be in the Sp? (I'd also suggest 500Bopd was rather ambitious).

When LGO would pony up $500k for their shallow wells, and in return we saw 100-150 Bopd, the Sp wouldn't budge. Granted it's a lower amount than my optimistic 500 but, just because a well produces oil (regardless of the amount) it doesn't mean the Sp catapults because it automatically inflates the accounts by millions of dollars.

When a tap dribbles out small quantities of oil and it takes years for millions of dollars of revenue to finally siphon through, the Sp isn't automatically re-rated knowing the well will return modest amounts of $ in a few years time.

I only say this as, at times, if I may say, you seem somewhat naive.

Still, I've been investing in AIM for 15 years, and that doesn't mean I'm not naive.

As long as you're happy ol' boy and have a broad knowledge and the grey hair of wisdom is on your side then good luck to you.

Regards.

Grow up, Irene.

You'd think after the sad news this weekend of the impact of online abuse / harassment, that this would stop on all social platforms.

And considering people have invested money into this, and many other shares, and some, have invested well beyond their means and hidden so from their families.

If you're not invested and don't have anything decent to say about the share, don't speak.

https://www.investegate.co.uk/columbus-energy-res--cerp-/rns/corporate-presentation--issue-of-equity-and-tvr/202002130700068288C/

Bamps,

Unless I am hugely missing something, and I generally am, the pay zones are the most minimal that I've ever come across when drilling.

That said; once the near bottom of the Sp has become roughly apparent, it's then a chance for new investors or those of old to average down.....again....

Good luck whatever it may bring.

I'd find it helpful, and useful to the share price, if Leo just realised an Rns stating the position of the likelihood of the well being commercial as, in my opinion, the apprehension of bad news will just bring this down further.

Admittedly - releasing a woeful Rns and then a subsequent one confirming the former, could also create a double dip in share price but it seems as though the market has already taken the brunt of the expected news.

Hurry up, Leo.

Roll on the Saffron results. We all have a fairly strong belief they aren't going to be anywhere near our hopefully Bopd predictions.

I wonder if the forthcoming bad news (only in my opinion) has been largely factored in.

I still expect a drop when the news is released, and then I'll add, as I expect the unfair drop to bounce back up.

And so the traders dream begins.

Good luck peeps. I still 'hope' for my 572Bopd prediction.....

I'm happy to whinge more often....

ATB folks.

Bamps,

Ah - Sound Oil. That company was close to my investing heart.

When JP the Sp went quite astronomical and I made good money out of there.

I had many long standing debates over SOU as I applied a lot of my money, and time, with knowing that company within an inch of its life.

I had many frustrating debates with another informed chap called Zorns1967.

Anyway - enough of memory lane.

Limopeter,

If you're hoping for a 6 fold of this company Sp you may have to wait a long term but I wish you, and me, luck that it does occur.

GRQ.

Bamps,

"The company knows....". I'm just not sure some of the regular folk on here do!

You may be right - Saffron may be too much for CERP as their pockets aren't deep enough to get the biggest financial return from Saffron with a few wells a year. How rare is it in AIM when oil giants take over small companies??

Peter,

Most of my predictions haven't always come to fruition.

My Nostradamus like ability is definitely fading.....

Either way, we are up 6.9% so I'm more than happy.

Must run now. Good day.

Peter,

All I am strongly stressing is; I find it quite strange that some on here have said how this well is going to be a spring board for the Sp - just because we have hopefully tapped into the well and may produce a few hundred Bopd (based on people's guesses in the poll).

Recoverable assets are just that but, we have to 'recover' them, and if it takes years to extract oil through a straw then the company doesn't and hasn't (in my 20 years of investing) suddenly leap up to be a billion dollar company - as if all the oil was immediately recovered and a price tag placed on it.

And if folk think that, then I wonder how often they have been through this before, and if they haven't, that is where my "naive" comment came from - it's probably an unfair adjective.

One which I didn't mean to offend.

Ps. Apologies about the countless spelling errors. I blame the early morning Guinness in Wetherspoons...

Sorry about the double tap....

Good morning, Bamps,

It's always deadly, and unrealistic, when we calculate the recoverable Bopd into financial terms.

Yes - I appreciate it provides a benchmark to a companies potential value but, when said company starts producing oil (at whatever fluctuating amounts) the company value (or share price) in my experience, ever spring boards to a much higher Sp.

As you know, if Saffron only produces a few hundred Bopd from their multi million recoverable well, then those financial figures just won't be "transformational" to the company, how many on here believe. I'm not sure if 'the' are rampers or just naive investors...

And please don't get me wrong - 200/300 Bopd will generate a few hundred thousand dollars a week - which the OPEX will eat up, before debts are paid and then staff costs.

All I'm saying is - as great of a start it is for Saffron to be producing, it's going to take many more wells if each one only has a return of a few hundred Bopd.

If it takes 50 years to extract a few hundred Bopd from a multi million boe well, then it will never make the company highly profitable.

VOG was a classic example (they were producing gas) but they had almost 0.5TCF but were only able to squeeze out the same equivalency in cubic feet as a few hundred Bopd. I understand they aren't performing well now due to costs and contracts.

The point to my diatribe is I like to be sensible as u less we are churning out 000's Bopd then the Sp is never going to be in double digits or high teens as the sandwich board wearers promote.

All in my humble.....

Have a great morning folks. And long may be the Sp keep trickling upwards.

Good morning, Bamps,

It's always deadly, and unrealistic, when we calculate the recoverable Bopd into financial terms.

Yes - I appreciate it provides a benchmark to a companies potential value but, when said company starts producing oil (at whatever fluctuating amounts) the company value (or share price) in my experience, ever spring boards to a much higher Sp.

As you know, if Saffron only produces a few hundred Bopd from their multi million recoverable well, then those financial figures just won't be "transformational" to the company, how many on here believe. I'm not sure if 'the' are rampers or just naive investors...

And please don't get me wrong - 200/300 Bopd will generate a few hundred thousand dollars a week - which the OPEX will eat up, before debts are paid and then staff costs.

All I'm saying is - as great of a start it is for Saffron to be producing, it's going to take many more wells if each one only has a return of a few hundred Bopd.

If it takes 50 years to extract a few hundred Bopd from a multi million boe well, then it will never make the company highly profitable.

VOG was a classic example (they were producing gas) but they had almost 0.5TCF but were only able to squeeze out the same equivalency in cubic feet as a few hundred Bopd. I understand they aren't performing well now due to costs and contracts.

The point to my diatribe is I like to be sensible as u less we are churning out 000's Bopd then the Sp is never going to be in double digits or high teens as the sandwich board wearers promote.

All in my humble.....

Have a great morning folks. And long may be the Sp keep trickling upwards.

Faz,

We are only under valued if we have a valuable producing asset, and as of today, we don't.

When we were hovering at 3.5-4 pence I was happy with the thought the Saffron well might produce less than my guess of the poll but if it only churns out a few hundred Bopd we won't see any seismic rise. Probably 5-10%, which isn't a great leap from where we sit.

I'm obviously keen to be hugely wrong and welcome the return of 6p+ as that will get a lot of us grey hairs out of their woes.

Have a great weekend all. And be kind to each other.

GRQ.

Haha.

IN4, you leave Rossannan alone.

He's become a national treasure on here...

This is looking quite bleak at present and I imagine most folk in a similar situation to me (average 6p+ average) won't see that back even if this, well overdue well, produces princely results.

My frustration is; when it seems we may be nearing an Sp that finally gets the old LTH's out of this mess, we drop back down and that 'nearing' gets further away.

Good luck peeps.