Member Info for Lancygeo

……… for approx. 1 1/2 hours over lunchtime...… including my top up.

….. a few posts gone astray ?...…. plus trades missing from 12.15 till 1 ish ?

Co2 results could be pivotal for CERP & PRD...… strengthens our hand. Just supposing CERP and BPC meet in the middle at 2.5p...…… still fancy a merger ?

Starchild………. CERP/PRD are about to release an update on their joint venture in respect of Co2 in Trin….. an excellent update should bolster both their sp's, surely this would make the merger less attractive to CERP shareholders ?

Chesh... please see below my post from 11th June. Will Leo re-visit his road map and update us with his new goal ?

'Leo's intention was to build a £500m m/cap Company..... is that still the case or is the goal now £2bn m/cap taking in to account the merger ?'

Definitely drill SWP first

Bigmj post from 11th June.
‘I have signed an IU and given my full support to this, over the coming weeks I'm sure most will start to agree that its the sensible thing to do‘.

Where’s in4cedros ?

I’m really not sure what to make of the proposed merger. I have an open mind at the moment. I await Leo’s impending interview and see what if anything unfolds over the next couple of weeks :)

5 years in Mike, I’m so disappointed

Do we become BPC or do we have a new Company name ?

..... but in the meantime, where’s Twinkletoes ? If I remember correctly, he had first hand experience having invested in LK previously. He was very upbeat about Cerp with LK at the helm. I too had the utmost confidence in LK following his previous successes. Given this, I prefer to give LK the benefit of doubt at the moment and will reserve judgement until I hear LK explain the what/why and when. I’m not sure what to think at the moment, first impressions are we’ve been seriously diluted, but I know nothing of BPC yet. 5 years in with Lgo/Cerp has taught me patience if nothing else. Let’s just see how things unfold.... good luck to all the Lth’s .....

...... folks, bigmj knows more than he can say ? Imho

....... is probably the word to use right now. I was thinking this afternoon that something is missing here. We don’t know the full picture and we are not privy to any more information that other larger shareholders are. I have an open mind at this stage and wouldn’t be surprised if all comes good here. Just supposing there is a bigger deal building in the background ? What if one of the majors wanted to snap up both Cerp and BPC together..... at the right price for us shareholders, who knows ? Let’s see what further news is released over the next few days/weeks :) ...... open mind

I hope you're right baraboy :)

Leo's intention was to build a £500m m/cap Company..... is that still the case or is the goal now £2bn m/cap taking in to account the merger ?

I hope you are right Mike...… I assume there are lots of wheels in motion with extensive plans for the short, medium and long term ? Are we staying on AIM ?

Leo Koot, Executive Chairman of Columbus, commented:

"Today we start a new and exciting chapter for Columbus Energy Resource PLC and its shareholders. Following a period of intense due diligence and negotiation, we are delighted and pleased to have received the firm intention from Bahamas Petroleum Company ("BPC") to merge our two companies. The merger is ideal in terms of asset overlap and will create a combined company that is stronger than the sum of its two parts.

Columbus shareholders will gain access to the high impact Perseverance 1 exploration well in The Bahamas, which we expect will be drilled in Q4 2020/Q1 2021. If successful, Perseverance 1 will transform the company as it has a P50 prospective oil resource of 770 million barrels, with an upside of 1,440 million barrels. It is rare for a relatively small oil & gas company to have access to a prospective resource of this size.

In return, BPC gain access to our existing production base in Trinidad and our strong appraisal/development portfolio (namely in the South West Peninsula in Trinidad and the Weg Naar Zee block in Suriname). Importantly, BPC brings a strengthened balance sheet to the combined group and I believe the combined entity will be able to progress faster in unlocking the value of our appraisal and development assets.

The combined group will create a larger, more diversified oil & gas champion for the Caribbean and South America, with assets that range across the full spectrum of oil and gas activities, from exploration through appraisal and development to production.

The Board of Columbus is unanimous in its recommendation that this merger is in the best interests of Columbus shareholders and we hope you share our enthusiasm for the future for the combined entity. The Columbus Board intends to recommend that Columbus shareholders accept the proposed transaction. We look forward to your support in the weeks ahead as we progress with the approvals to complete the merger."

Drax power stations and carbon capture appeared on TV national news this week :)

Some predictions are infinitely better than others :)