Member Info for LGO-fan

that last line is interesting. Not sure why this (relatively) small M&A-deal would have to trigger a new review?

it is the standard way of working: All M&A deals are always announced when the two concerned parties have reached an agreement. It is then announced to the city and then subject to reg approvals.

sorry, Chesh, I didn’t quite catch that? Say it again, please ? :-)

"To be at odds with" and you agree??. Guys read the article properly please, including our residing troll!! What is the point of LK communicating if you can't be bothered to read it properly?!! 1. He has not moved away at all from a material deal: read the article in full and read the AR. It is clearly stated as an intent (though every sound business man/investor will recognise that an M&A is always difficult to achieve but we have the right team in place to make it happen) LK is talking about the two deals earlier announced: "I expect to close two main deals in Q3 2018, one of which is the renegotiated Beach Oilfield Limited transaction. In the other deal, we are taking over the remaining 50% of the Icacos fields from Primera/Touchstone. We have announced both deals and we are hoping to complete both in Q3 2018. With these deals done, we will have access to the entire South West Peninsula. The area sits right on top of the Eastern Venezuela Basin, 7 kilometres away from Venezuela" IN ADDITION TO THAT is also interested in: 1. "We are very interested in picking up additional IPSCs, so we are in close contact with the government and Petrotrin to see if there are other fields similar to Goudron that we can use our technology on' 2. Secondly "We also want to spread our wings beyond Trinidad. We are actively looking at Suriname and Colombia. We have operating knowledge and expertise on running land-based oil wells and stripper wells in a jungle-type environment. If you look at South America, especially Colombia and Suriname, it is all jungle and swamp with a lot of shallow wells. We are in conversations in Suriname and Colombia" 3. And I guess longer term, subject to some form of political stability emerging in Venezuela (one can only hope that one day this will happen): "Our skills are very complementary to the subsurface environment in Venezuela, given the right political and economic environments. Eventually, we expect to be operating there as an independent to try and help that government do some efficient oilfield operations" So I really don't get you guys sometimes. I do agree that patience will be required, though if they realise their short term ambition that would be fantastic: "By the end of 2018, we expect to be anywhere between 800 bopd and 1,400 bopd, depending on how successful our projects are"

the World Cup Football is on or it would be a dull affaire here !

Read the report from Dec and look at the forecast and at the building blocks: WF was never a big one in their forecast.

Agreed. I would also love to see when CERP is planning to make a profit. That will be a massive milestone and will attract a whole other league of investors

not to mention this line: " We have committed that any new funds will be accretive for our shareholders; that is, any equity or other form of funding to support growth opportunities needs to be clearly seen to increase shareholder value, not reduce that value through dilutive fundraising.” That is my personal favourite :-)

"BP will remain a predominantly fossil fuel company, focusing increasingly on natural gas, the least polluting hydrocarbon, as well as oil that requires lower investment to produce, such as in the Gulf of Mexico and Brazil", Gilvary said. Gilvary is CFO at BP. Now there Gilvary, if you are interested in oil that requires low investment to produce....give LK a call!

...IS A GREAT AVATAR

"Can you give us some colour on the types of deals you are looking at? The typical deal Columbus will look at involves a base level of production that can be significantly increased through a combination of improved technology and well intervention techniques, capital spend and operational rigour. Ideally, there will also be exploration, appraisal or development potential in the assets."

"The Company wishes to complete at least one other material M&A deal in 2018 and is using the following screening criteria: • Caribbean or South American • Onshore • Proved hydrocarbon province • Assets close to existing infrastructure • Operatorship • Assets suitable for rejuvenation and exploration or appraisal/development upside The Company intends that any M&A transaction would be funded in a manner which is accretive for Columbus’ current shareholders.

From the AR. Q to our CF: How would you finance future growth? M&A? "Over the past 15 years, I have raised almost US$2 billion of funds in numerous transactions to finance companies I have worked for as CFO. These included many innovative funding structures which have added value for our shareholders. The leadership team has similar experience and, together, we have been laying the groundwork with various funding bodies to be able to access funds which may be required to support future growth opportunities. We have committed that any new funds will be accretive for our shareholders; that is, any equity or other form of funding to support growth opportunities needs to be clearly seen to increase shareholder value, not reduce that value through dilutive fundraising".

The BOLT transaction is likely to complete in Q3 2018 and will require a new Private Petroleum Licence from the Ministry on Energy and Energy Industries.

Why have you chosen South America as the next expansion area for Columbus? It has the same operating environment in Trinidad with an established oil supply chain. The reservoirs are part of the East Venezuelan Basin and we understand the geology and exploration potential. It is therefore no surprise that we are looking at opportunities in Trinidad, Colombia, Guyana, Suriname and Venezuela.

Yes, to make people aware of the AR....the full document in an 80-page beauty. https://columbus-erp.com/wp-content/uploads/2018/06/Columbus-Energy-Resources-plc-ARA-2017-Indexed-PDF.pdf Read it, take your time and enjoy:-) This is how to put an AR together!

Regardless of which broker forecast you read they are often incredibly aggressive and most people know this. This is the also the case for FTSE100-shares, btw. AIM, and it’s casino mentality, is no exception to this, even if broker forecasts are even more aggressive than FTSE100, but that can be also explained by the fact that most AIM-companies are start-ups or companies with a lot of exponential growth ahead of them. So not too surprising that these forecasts are so aggressive. You can say whatever you want of the VSA forecasts, but there is a rationale behind it with numbers which is more than I can say from posters like Ross. Do I take the VSA document as gospel? No, is it one other datapoint that I can use, most definitely yes. With their numbers and the ones from the latest AR, I can make my own model that I can progressively update and adapt as and when new data emerges.

Any idea why we have the AGM on the 13th July? When was the last one? Just a standard date or something bigger to announce?

Very positive progress and lots of good stuff in there. Would have loved to see the evolution of the loss per quarter during 2017 to show the positive evolution.

" An AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate" source: https://www.lseg.com/sites/default/files/content/documents/aim/2018/January/AIM_Rules_for_Companies_January_2018.pdf