Member Info for Gibbo1066

surely MrMagoo31 you mean replenish... to relinquish is to reduce or give up on value!

Yes - CPO-5 could be... dare I say it Transformational?

Interesting Ross... I have a significant amount of shares in both CERP and AMER... it would be great to hit them both, I feel that AMER may be the better bet until CERP's initial drill... Roll on June / July time.

I hope no one revels in anyone's losses, that's just not polite. We have all bought into a company who, in 2017, were on their arse, poorly run and with a number of legal and contractual issues. Fast forward to today. We have acquired 5 additional fields, resolved the contractual issues, increased the BOPD to a steady 900 / 1000. Cleared the decks for some very exciting drilling to commence mid this year. We will be almost half way through the road map created by LK and his team and you will notice the line this map forms is in the shape of a smile. I believe we are at or around the bottom part of this smile now. The share price is low, but the possibilities are obvious. This is still a risky play, but the odds are increasingly in our favour. Based on the RNS's released by the company we are in my opinion on the verge of a very exciting period for our company. We have a BOD who are aligned with us ( they get paid half their salaries in shares remember ) and are lead by an industry veteran with a great track record. I am happy to discuss any RNS released by the company as this is the only information we can accurately rely on, anything else is just , as I have said before, supposition and hearsay. If we hit the bottom end range of just one of those prospects, I can see the value of our company doubling... but thats just my opinion. I'm happy to leave my investment in the hands of an expert, Mr Purple.

great film...

Ross... of course he is going to have to look for more funds, but I really dont see any problem with this. It is virtually impossible to create a multi million pound business without borrowing / partnering to achieve it. I am great deal happier that we now have a recognized industry professional, with a proven track record, at the helm. We have a clearly defined strategy, a dozen targets with some very enticing prospects. If we have to partner up to realise these targets, brilliant. Just look at the deal recently struck with OXY by AMER. If like me you are in for the long haul, the building blocks LK and his team are putting in place will form the foundation of a successful Trinidadian company. It may take another year, perhaps 2, but I am happy to wait this one out to its conclusion. DYOR... good luck with your investments.

I personally have no issue with taking on debt to create a larger company, as long as that debt isnt used to keep the lights on... remember LGO anyone? If we have to dilute to purchase undervalued or underutilized assets, I'm all for it. If we are asked to dip into our pockets to fund these assets and the business case is apparent, why the hell not? I am impressed by LK and what he has changed over the past 18 months.I strongly believe we are now in the growth phase of the business. The question I ask is what did I have in May 2017 before LK joined? In truth, not a great deal. What do I have in January 2019? Well, I stand a better chance to get at least some of my money back and if the SWP proves to be anywhere near as good as we all hope, I may just make a few pounds. I can only rely on the RNS's for information, the rest of the text written about CERP on this board by shareholders and non shareholders that states anything that isnt quoted by the company is pure speculation and conjecture. Roll on mid 2019, not only for the summer, but also some exciting news about our company. Remember, it is in the vested interests of our board of directors to make this work. All in my honest opinion. DYOR

1,777,000 for me...

Looking good to me, yes there are a few issues, but I would rather be here, now, than I would going back to pre LK days when it looked like I had lost just about all my money.

Just incase anyone wants to refresh their knowledge of the CERP road map...

https://columbus-erp.com/wp-content/uploads/2017/06/ColumbusVTM_v4.pdf

Good sound RNS, meeting expectations as originally laid out in the original Road Map. Good Job LK & Team, keep it up.

Are we going to get an early 2019 pressie from our beloved leader? Have we hit the magic 1000? If so are we regularly hitting it? Is project Green a goer? SWP, what can I say about you? Are you going to release some of your hidden treasure... you are in the Caribbean and pirates hid the stuff all over the place ( a little bit of leeway on that one please) What ever happens, I wish all a fabulous and prosperous New Year.

thanks Ross... whilst I am not happy being underwater on this share, it has been, since May 2017, about the 5 year plan... so daily / weekly / monthly variations are annoying, but do not affect my primary goal. Good luck

Come on Irene... I know thats twice I've used that beginning to a reply. I dont believe I or anyone else has stated production rates from these 12 wells. I have just used the company literature to underpin my thoughts on CERP and 2019. We have identified 12 sites where we can drill and the estimates from the company literature state between 20 & 400m barrels of oil per site. Even if its the low end and we can only economically recover 20% of the oil, this would over double the value of our company in terms of assets. To me, that's transformational, I cant even think of a word that accurately describes the high end discovery! Join in the fun, its Christmas... look at the information put out by the company, look at what we have achieved since May 2017 and what prospects we have for 2019 and let me know how you would describe CERP's prospects. Be honest now... these are just the prospects and nothing else.

Ross, I have a reasonably low BEP on these shares... still underwater at these prices though. 2019 is shaping up to be a truly transformational year for CERP and I am going to hang around until I get a good return on my investment. Anything above £ 0.09 per share and I will have achieved a considerable amount more than I would have if I had stuck it into a savings account. As I dont need the money at the moment, I can wait a bit more until this share comes good as some of the indicators are showing it will.

Alex, I too wish I'd had a crystal ball 6 years ago when I bought into LGO. My point is that we are not the same company as 18 months ago when LK took over and we are not immune to the global economics hence the share price. As we have not invented time travel yet, ask yourself would you invest in CERP given the current position? Its a yes from me and now its showing some patience and belief in LK & Team CERP.

Alextikki, anyone that thinks CERP is insulated from the greater economy is in my opinion a sandwich short of a picnic. Ask yourself one question before you invest, does the company I am investing in have a future? Hopefully yes. Does it have a board who have a vested interest in the survival and growth of the company? Yes. Are they laying the plans for the future in a clear and concise way? Yes. Do we have acreage with permission to explore? Yes. Are we increasing the BOPD from the current fields? Yes. Do we have major institutional investors? Yes. Now, before anyone gets too excited, I am not saying this is going to be a straight line graph and we are all going to be rich by Xmas, but I am saying that from May 2017 when LK and his crew began the turnaround in LGO / CERP we had a very steep hill to climb. The mess our company was in could have brought us to our knees and possibly ended up with bankruptcy, it didnt. We are 18mths into a 5 year plan. We have a very exciting year ahead and not to mention potentially 1000bopd by Xmas. Actually, whilst I hope we do, if we dont, but are still showing growth, I will be annoyed, but not too disappointed. We are not immune to the greater world economy and the ever changing Oil price.

With 4 trading days till Xmas, can I grab £ 0.038 for my prediction.

Good luck and happy Xmas to all of us, lets hope 2019 brings us all good cheer.

if we consider that most RNS's are issued at 0700, i'd say you have a 25% chance for Wednesday

Wheres my comment gone? Crikey, considering what goes on here I never thought I'd get one removed. Oh well, theres always a first.

Crikey Gary, we are many years from that scenario, but I have to agree it’s coming, though maybe not in my lifetime... hopefully I have at least 30 years left in me. So, I’ll be chucking a few quid here as it suits my investment strategy. DYOR.