Member Info for LGO-fan

Would also say Monday. Last 3 qtrly updates were on 9th and 10th. So would have voted for last Thursday but I may be wrong there :-) Not in a rush, couldn’t care less in Monday or not. Will be next week, for sure.

https://www.cnbc.com/amp/2019/04/11/prepare-for-80-oil-this-summer-as-wounded-bulls-rise-rbc-warns.html

Dross has gone beyond ...”despair”....”and “pathetic”.....I checked with my friends in the pharmaceutical industry and a a cure is not in sight within the next 2 decades....alas

Cheshire, fancy you here:-) !!

looks pretty cool

steaming ahead.... all good.

borrowing perhaps the better way to say it in English. Can we switch to Dutch now?

btw, given he only invests in CFD, technically he is only lending shares and therefore he is not a shareholder. technically.

seems LLL, now decided to short....

My view would be that we will get an RNS by the end of this month. Based on previous quarterly releases. From my POV, I am looking forward to hear how may profitable barrels we produced (a distinction to just ANY bopd). This is important as it sets us up for the SWP. That part and the updates on all fields is the basics of what we should get. The real exciting news I am after is a detailed plan on how CERP will attack the SWP.

yep, and that’s in GBP and is the minimum amount stated by Lk in that article BigM posted

How long? Until CERP is successful in the SWP :-)

looking increasingly cheery

27%?!

whatever SP we will hit after a successful SWP, will go up afterwards...for the very simple reason that LK will look at the point for an exit for shareholders, meaning the company (or part of) wil be acquired by a major and they will pay a premium, which will be reflected in the share price

Check the picture on Twitter of our CFO ...low cost approach....Gordon and a poster....hilarious

stupid predictive text

with junior companies you don’t see a direct correlation between building the foundations and sp. So, despite all the progress we have seen so far, this does not lead to sp growth as we have all seen. If you think a sour it, all progress so far are all “means to an end”. All geared up to attach SWP. So, it’s a matter of waiting for the SWP-plan, which clearly has the potential to transform the company. To me that plan will be the highlight of the next big company announcement.

We have a good set of data, with 3D seismic, gravity and geochemistry,’ says Koot. ‘If one of the larger prospects with hundreds of thousands of barrels of oil in place comes in and we assume between 15-20pc recovery then we will have transformed the business. Columbus will no longer trade in the tens of millions; it will trade in the hundreds of millions.’ Koot says his primary focus is now on creating value through production and M&A growth. His ultimate goal is for Columbus to have a market cap of at least £500m. At this point, he says it will have become a ‘material business’. ‘At this size, it will be mission accomplished, and we will start to look at finding an exit for shareholders,’ he adds. ‘We will be a desirable target because we will have a solid foundation while still offering that unique onshore access to the East Venezuelan Basin through our acreage on the SWP.’

500bopd...1000bopd in 8 weeks....the market seems to like it.... it’s a good step forward....more to come