Member Info for Gibbo1066

I'd be happy to pay the 18% CGT at 50p a share... very!

couldn't resist a little top up... 2014500 for me. I'm in the hands of the Oil gods and LK and his team...

Ross, we are all hoping for some substance over the next few weeks, we have certainly waited long enough for it. Its all about the SWP...

1940158 for me... hoping to get to the magic 2m by the end of this month though...

How interesting I hadn't thought of it that way Toooldforthat. Success in the SWP will have an even greater impact on T&T & having been to both islands, they could do with an injection of cash! A win WIN situation.

You've been patient for all this time and you leg it with a 10% uplift from a 14 year investment. Part of me applauds you, part of me thinks you should rethink your investment strategy. It's about 30 /70 at the moment....

slightly tongue in cheek Vmax and aimed at our resident rampers and derampers. I agree, nothing on this board will materially effect the share price, but some of our posters do offer some insight worthy of reading. The rest, well that's just a question of reading the RNS's and watching as many of the presentations to draw your own conclusions. I've been around since 2014... hope that stands for something.

Thanks Bamps, not sure what else I can add other than DYOR, there's a great deal of information out there and you have to read the good ( rampers ) and the Bad ( derampers ) to get a balanced view point. Or just wait another 4 / 6 weeks and most will be revealed...

Most if not all oilies are up today on the Saudi / USA & Iran news. I dont believe we will see a meaningful and sustainable share price rise until the release of the approvals to drill and the results of that drill... we are still approx 1 month away from Utopia...

What I find more revealing about this RNS is that the people contracting for this company are offering their services in exchange for shares. I wonder how many will sell them immediately and how many will retain them, shame we will have no way of knowing. Still, if you take it at face value, the contractors will know more about what's coming up than us PI's....

I did re read your posts Ross and very accurate some of them are. Keep up the balancing act please, ignore the posters who only see through rose tinted glasses and seek to undermine your comments. Whilst there is nothing wrong with positivity, you do need a balance in the Force. I'm just trying to work out whether you're the Rebel Alliance or the Empire... jury is out.

LLL, restoring the balance again? Just read up on KEA, not a pretty comparison to make, but I do get where you are coming from. Whilst there are no certainties in life other than death and taxes, we have a great deal of information that points to a positive outcome. Would I bet my house on it? Probably not. Would I use funds that if I lost everything they would not have a material effect on my lifestyle, definitely yes. An educated gamble as with most things in life. Only a few weeks to find out if all the PI's on this board and invested in this company have made the right choice. It is very exciting and part of the reason we are all here.

This share is all about the SWP. Let me repeat that, this share is all about the SWP. The current producing fields we have are the cake to help propel us into the next league via the SWP. I think LK and his team have done an excellent job of renegotiating and securing CERP for a good find and allow us fellow shareholders to maximize our returns. Even our current 'cooler' Ross will agree that the geography of the SWP and its proximity to the largest known oil rich basin ( 302 billion barrels of proven oil ) is a very very tempting target. Combine this with reasonably cheap onshore drilling and we have a very good chance of finding some oil for our tiny tiny budgets, its just the quantity we are all waiting on with baited breathe as, again, even the 'cooler' would agree that a find at the lower end of the scales given to us by LK could potentially double / treble our current market value. Just imagine if we found anything close to the higher end? BOOM! Now before I get shot down, this is, as I said before, an SWP gamble. Not a gamble as in a casino gamble, but more of a reasonably educated guess by some very successful oilmen. As far as gambles go, this is one I'm happy to get involved in. Remember this is a 3 - 5 year plan and we have only just got into year 3. Obviously DYOR, its your money!

Faz7475, I'm with you on the price front, but I think we should err on the side of caution... lets get to 10p by Christmas 1st!

As set out in the Annual Report, the approved Water Injection Pilot A implementation commenced in July 2018 through injection into “C-Sand” well, GY667. The “C Sand” strategy being to test inter-well communication paths that allow the re-pressurisation of individual sand lenses in wells that demonstrated high initial production rates in the 2014/15 drilling programmes. The Pilot project was completed significantly under budget. Produced water re-injection rates of up to 960 bwpd have been achieved into the first injection well GY-667. Pressure communication between GY-667 and the target production well GY-665 was established and optimisation of this communication path to encourage improved oil production rates is ongoing. To date, the cumulative total of water injected into the Goudron Pilot A area is over 104,000 barrels. The Pilot project is set to continue in 2019 through the conversion of GY-209 to water injection targeting support of the GY-664 well. The reservoir evaluation of the field wide waterflood potential in the shallower, more continuous Mayaro sand units continued with an approach for a full field strategy being linked to the extension of the Goudron IPSC.

https://columbus-erp.com/investors/reports-and-documents/

look at the UK investor presentation April 2018 page 5

emilyt16, if you look at their 12 potential drill sites from their road map, they have given us a range of potential discoveries from 20m to 400m barrels of oil. Even to lowest target could have a significant upside on the business we have invested in. We are not far away now, I believe we will have the first of the news mid August for these sites... who knows when we will get the M&A news LK spoke about 6 weeks ago. However, Its all about the SWP as I was reminded about on twitter, basically flip a coin and heads or tails... OK, maybe not that drastic, but still its a gamble, just one we all hope is loaded a little in our favour.

I dont believe micro analyzing this share is going to get you anywhere. We are producing oil, covering our costs and have a very good chance of finding some reasonable oil deposits later this year. Even a small low end discovery could double our share price, who knows what a high end discovery would do. I agree the slippage is a little annoying, but I am sure all would be forgiven when ( if ) we strike oil. We've all had to have a great deal of patience, a few more months are not going to hurt any more.

Let’s face it guys, we are all in it for the SWP... Schroders, Bigmj, our board of directors, us minions... sorry private investors, EVERY single one of us. The fact that LK is hedging his bets and looking further a field only adds to my confidence in the man. So all this chaf flying around really is just that, we are all waiting for the wheat and if LK can further underpin that with some wise purchases, I say do it man! I’m almost certain he doesn’t need to be told to keep his eye on the SWP though... roll on Q3 and the first of many drills

Lots of chaff floating around this board. I believe LK and the team are building a great business and am happy to have my money in here. If one of the 12 potentials comes in at the low end of the estimated range, all the LTH's will have plenty to celebrate. It will make us a very attractive business, VERY. Onshore, low cost base, access to the worlds largest hydrocarbon basin. I'm looking forward to the next RNS in April, it will give us some background on the steady production rates, but this isnt the goal or going to transform us, just a means to an end... the first drill if successful even at the low end of the range will...without doubt. We will know in approx 120 days. Nothing I can do except wait a little longer, but hey I've been waiting for almost 5 years now, whats a few days more?