Member Info for jcgswims

DL hasn't been involved in CERP for years thankfully.

A lot of you on this board should practice social distancing and stay 2 metres away from your keyboard for a while.

And who cares. apart from you.

karlci, the co-ordinates for Saffron are approx 10.079324, -61.842642

Can you 3 not just exchange email addresses or direct message each other and carry on your "discussions" there.

and this one...

Mike Joseph
@benchpressmike
·
Feb 22
Surprised to see @Columbus_ERP share price falling , I appreciate we are all waiting for news but it’s not like we have had bad news . Remember as they say no news is good news , I am still excited about the coming weeks and months and could easily see myself adding to my holding

Just a little snippet from Predator's placing RNS

...Furthermore, the additional funds gives the Company greater opportunity to move towards potentially upscaling profits from CO2 EOR operations in Trinidad following on from successful CO2 injection announced previously.

...I also expect during Q2 2020 continued good progress in Trinidad to deliver scalable profits from our CO2 EOR project. Further analysis of the benefits of CO2 sequestration in Trinidad to the Company will continue to be assessed and developed."

Leo spent 5 weeks solid, day in day out, on site at Saffron, overseeing the drill, eating, sleeping, drinking with the workers. Doesn't sound like someone who has "left the building" to me.

"Predator Oil & Gas/ Columbus Energy
Columbus as operator has this morning announced that CO2 has been successfully been injected at the Trinity Innis field, onshore Trinidad. This is incredibly good news for Predator, indeed one should call it a very important operational milestone for the company as, with the company already beginning the process of sequestrating the CO2, lays the foundation for developing a carbon credits strategy for the future.

As the first mover in this area in Trinidad it establishes Predator as the key player in CO2 EOR operations in country and as such will breathe new life into the mature oil fields currently being developed. More importantly, PRD will be differentiated from other peer companies in that it has already secured exclusivity over Trinidad’s entire supply of surplus CO2. Indeed the PRD management team initiated the CO2 EOR concept for the field, designed the CO2 delivery system, sources and imported the key equipment from the USA and designed and supervised the downhole web completions for CO2 injection. This included a number of regulatory and environmental approvals as well as technical subsurface analysis.

Importantly, PRD has with this success, has delivered its strategic objective of executing pilot CO2 EOR injection using its cash resources raised at IPO in May 2018 without the need to seek additional funding from the market by implementing rigorous cost control management. With valuable intellectual property rights for its CO2 EOR injection design and subsurface analysis PRD are in a strong position and they still have the exclusive cost-free option to acquire FRAM, operator of the field for less than $0.48 cents a barrel for high estimate recoverable resources, pending development by CO2 EOR of 8.9m barrels.

This success has serious implications for Predator going forward, having re-risked the CO2 process and injected into the target reservoir the company can justifiably see first revenues and indeed revenue growth, not just for the company but for the process in Trinidad. This will not have gone unnoticed at Heritage who have the largest inventory of mature fields onshore Trinidad and thus creates the opportunity to work together using the template established by Predator who have worked well with Columbus.

Finally on operational issues it should be noted that this success will immediately be flagged to ‘green’ investors as this is an alternative to businesses with poorer sustainability credentials, reduces CO2 emissions in line with ESG best practice in a world with ever increasing requirements."

More at https://www.malcysblog.com/2020/01/oil-price-predator-cerp-jog-dgo-and-finally/

https://vsacapital.com/research-papers/

VSA Morning Flow Test
This Morning’s News
Columbus Energy Resources (CERP LN)
#
Columbus Energy Resources (CERP LN) has announced that it has completed the interpretation of the Saffron cased hole logging for the Lower Cruse and the results justify progression to flow testing in February 2020, subject to Ministry approval.

As indicated by the company previously, multiple oil shows within sand packages were intercepted in the Lower Cruse along with a high sandstone content; while the cased hole logging confirmed that these shows were significant what cannot be determined without flow testing is the water:oil ratio within those sands. The logging has enabled the company to identify three horizons which the company will target as these are thought to be the tops of larger sand packages and therefore the most effective position from which to extract oil. These targets range from 4,236-4,244ft, 3,937-3,947ft and 3,760-3,768ft and the results will enable the company to prove a commercial reservoir.

Trinidad regulations require testing to commence at the deepest stratigraphic level and so the Lower Cruse was prioritised for interpretation as this will be the initial zone tested and CERP has submitted an application to do so. We expect the results from the interpretation of the cased hole logging from the Upper and Middle Cruse shortly.

We continue to believe that significant potential remains to be unlocked from Saffron and that with results sufficient to justify flow testing this is a significant and positive result.

We reiterate our Buy recommendation and target price of 21.6p/sh.

Malcys Blog

https://www.malcysblog.com/2020/01/oil-price-columbus-getech-onshore-sundry-egdon-union-jack-igas-and-finally/

Columbus Energy Resources
Well,this takes some analysing as CERP announces that it has completed interpretation from the Lower Cruse portion of the current Saffron well, its primary target. Reading the RNS the only certainty is that the company needs to test this as well as the other targets before making comments of a bullish nature.

Whilst this is clearly a holding announcement and to me the management are clearly, and with correct responsibility, being conservative here there would have been hell to pay if they had gone the other way. With the testing kit ready to go shareholders havent got long to wait, I wouldnt be short of this one…

The website, including Trinidad operations hasn't been updated for months. Communication in general has been poor recently, from answering investors emails, messages or FAQs. Maybe it coincides with them changing "Public and Investor Relations" from Camarco to Celicourt...

It always did show rig activity, nothing has changed as far as I can see.

On Friday alone there were approx 4.5 million sold in bulk amounts and a late 2 million trade on Thursday. They could nearly be crossing the next threshold already.

https://www.malcysblog.com/2020/01/oil-price-chariot-columbus-and-finally/

Malcy's blog

Columbus Energy Resources
Just catching up on Columbus after yesterday’s update about the Saffron onshore well in Trinidad. Looking at the share price to see what the market thought of the announcement was no help at all so there is clearly much more to find out.

The company announced open hole logging to 2545 feet and cased hole logging to TD where it is currently processing and interpreting data which it will do in the coming weeks. The statement does indeed sound highly positive saying, as it does, that there have been multiple shows of hydrocarbons all the way to TD including at the primary target, the Lower Cruse.

Accordingly, as the company say being correctly conservative, full potential will be evaluated in the coming weeks which will keep shareholders on tenterhooks. CERP are incredibly positive about the SW Peninsula so it is to be hoped that this well comes in and justifies those ‘robust’ well economics here and at the rest of the acreage.

Doyle, If you go to the "other" share site starting with AD... and search for my board, there's lots of information in the header there.

Yes the images are very grainy, the only thing I can make out is that they expanded the site slightly around the 20-25th Nov, what for who knows.

https://www.proactiveinvestors.co.uk/companies/news/909446/vsa-capital-market-movers---columbus-energy-resources-909446.html

VSA Morning Flow Test, 18/12/19

Columbus Energy Resources (LON:CERP)

Following the announcement in November 2019 of the agreement of a new convertible loan facility, Columbus Energy Resources (CERP LN) has announced that it has drawn down the second of three tranches of US$1.5m. With the company entering the final stages of drilling at Saffron this will enable to cover any unexpected final costs in the latter stages of drilling and/or move more quickly to monetise a successful result once the results are known.

The terms of tranche two are broadly similar and as we highlighted in the initial announcement are attractive for this type of facility. Repayment is over a 24 month period, at US$74,222 per month in cash or company shares issued at 90% of the then repayment price (or a combination). The lender has the right convert any loans outstanding into company shares at a fixed price of 130% of the company’s 20 day VWAP prior to signature (c.4.4p/sh.). The company has the right to buyback the outstanding balances at any stage during the term without penalty although the lender may convert up to 25% of the buyback into shares at the lower of the repayment price or conversion. The lender has also received 16.9m options at c5.1p.

We reiterate our Buy recommendation and 21.6p target price.

A few photos from Saffron, as the AAPG Young Professionals T&T went to visit it yesterday

https://www.facebook.com/AAPGYPTT/

"We braved the inclement weather and still had an amazing time with the team from Columbus Energy at their Saffron-1 Exploration well in Bonasse, South West Peninsula.

We first visited the Bonasse field where we saw a Columbus Energy Services LTD. Rig 1 (CESL #1) workover rig conducting a job on one of the older Trinidad Exploration & Development (TED) wells near the shoreline. Almost totally drenched in the rain we observed the deformed Cruse beds at Galfa Point due to diapirism and tear faulting. We also observed the toe thrust uplifted area along the beach that was noted by the AAPG YP TT about a year ago, as a possible slip mass due to motion along a pre-existing tear fault during the August 21st earthquake, very similar in nature as to what we observed at Los Iros. Within this rotated and toe thrusted mass, there were oil impregnated beds of sandstone, tonnes of pyrite, limestones, and 'salt & pepper' sandstones.

With our pockets full of rocks, we journeyed across to Columbus Energy exploration wellsite Saffron-1. There we met with Petroleum Engineer and Chief Technical Officer Stewart Ahmed and Geologist James Forbes. We were truly lucky to be given a full summary of exploration in SWP, the challenges and outcomes and to have a chance to fully appreciate the Saffron structure. Chasing after thick, well developed turbidite slope channels of the Late Miocene Lower Cruse Formation, Saffron will be drilled to approximately 4000ft.

The Talon -38 rig outfitted with two mud pumps, a top drive and a casing and drill pipe hydraulic hoisting system has been churning away at the surface oil impregnated Forest sands/silts and Cruse sands for the past month.

The AAPG wishes to sincerely thank Columbus Energy for the tour of the wellsite and detailed discussion on the Saffron well as well as Xavier Moonan for the discussions at Galfa point. We wish Columbus Energy all the best with their endeavours and look forward to more such wellsite visits."

We haven't even reached the target yet, the real news is yet to come. This was more of a "no duster" RNS.