Member Info for LGO-fan

BTW, Joebop, keep those ideas coming. Makes for a good interesting exchange of ideas. Peeps may disagree, but that’s fine. I like these exchanges of ideas on where to invest. Find it very interesting

I agree with what you and Chesh are saying, after all that’s what the roadmap says. However, I wouldn’t discard what Joebop is saying, I think it’s a great question for a number of reasons: 1. The roadmap was done when WTI was mid 40’s. And planned WTI for 2018 was mid 50’s. So if we are looking at $100, would that change CERP’s plan. Sensible Q. 2. LK has said many times that there is “something big below Goudron”. 3. IMHO, he would only do a deep drill in Goudron after having renegotiated the contract w Petrotrin. It’s a bit like Icacos: you don’t invest until better circumstances. So, I believe that LK has already considered drilling deeper in Goudron, but won’t do it until we have a better deal in Goudron. Just IMHO

indeed, Peter!!

Here's the thing that amazes me most about the unwelcome creature on this BB First he annoys everyone beyond belief. I mean, when it comes to annoying people, he-has-gone-boldly-where-no-one-has-gone-before! And as a result nobody wants to correspond with him/her/it. And once you are there, he tries pull you back into the debate with him about "which of his many points we don't agree with"! Ahhhhhhh....It's like your worst nightmare. And then - coup de gr�ce - he asks for funding so he won't post anymore!!!! I mean really, what a gem!!!

What about that Australian, DL. He usually only talks about shares he holds. He is not talking about CERP, so probably not holding!

would be great to see Icacos deal sorted asap. We would then have 3 fields to drive CF harder, using the same methodology as in Goudron-style bang for buck approach. All to set us up for a stunning 2019. The year of transformation is upon us, peeps GLALTHs

Well, (pun intended) I am not going to play Inspector Columbo (again, pun intended) but....it’s #SWP and it looks like they working on a well (no pun this time around)...so...Bonasse, anyone:-)?

"Our fully funded 2018 work programme in the SWP includes commencing a well reactivation programme in Q2 2018 on the Bonasse field, alongside undertaking further analysis of the good quality 3D seismic and other data, with the first well potentially being drilled, subject to satisfactory technical analysis, in the first half of 2019."

renegotiating Goudron would be a masterpiece if they can pull it off. Based on past experiences, this should be well within the remit of CERP. “something very big sits there”, dixit LK. Deep drilling needs a more favourable contract....

it will, as soon as we attack Bonasse. Step 2 of our 3 stage rocket

The Bonasse oilfield, discovered in 1911 by the Greig-1 well, lies some 10 kilometres from Icacos and is delineated by a total of 16 wells drilled to depths of up to 2500 feet. The field currently has 10 wells available for reactivation. Production was re-started in 1997 but was temporarily suspended in mid-2016. The Company's subsidiary, LTL on behalf of BOLT, performed limited reactivation work on three Bonasse wells in June 2017 allowing intermittent production and sales to take place between June 2017 and January 2018. Oil production comes from sandstones of the Cruse Formation and the oil quality averages 23 degree API gravity. Columbus believes significantly greater potential exists for additional production through the application of proven technologies. Additional shallow drilling targets are also available within the field boundaries.

O, why, do peeps even engage with those-2-who-cannot-be-named. One of them manages to be accountable for one out every 2 posts! He got chased out of the other b.b., only to infect this one (again). Just don’t reply

Agreed! Apart from Shell, obviously... :-

You beat me to it ;-) Ching, ching indeed. When $75....$30 over the CF+ benchmark!!

is on the web-site, for those who haven't seen it: https://columbus-erp.com/investors/reports-and-documents/

you could argue that to a certain extent, it already has

yes, yes....painfully aware of this one!! No argument here; LK invests in Goudron to get CF+, NR did it because...(still clueless as to what the hell he was doing!!!) Guess, I am saying that he could make a bigger selling story around this.

haha. Mind you, he had mentioned this before (can't recall where exactly). I think it's a great story, would like to hear more about it. Think this has more leggs (that in itself is usually a buying signal, before I need to put my tin hat on again)

Our Leo is making increasingly more noise about his ‘unique model’ for treating wells that he wants to export to other fields. What do the technicians make of this story? How ‘unique/ownable’ do we feel this is. Leo only got one question on this and I was not sold in the same way as with other statements from him. Most because I know nothing of this subject. Anyone who could shed a light on this?

the sooner Bonasse starts, the quicker we get to our gorilla in the SWP, Chesh. Nothing to with arm chairs, mate :-) Q2 was promised to be the time when we would start seeing the more significant changes and Bonasse is key to this.