Member Info for LGO-fan

bit too late for that, I’ afraid...

maybe a V6, the V8 will arrive when the SWP delivers :-)

“We are grateful for the long-term support from our shareholders and are delighted to welcome Burggraben, who expressed a willingness, after their visit to our operations in Trinidad, to invest in Columbus when the right opportunity arose. We remain committed to the further creation of value for all invested in Columbus and are confident that today's placing provides us with the springboard to deliver additional production growth that will in turn be reflected in our cash flow and the share price which, in turn, rewards everyone, including myself and the management team, who are still effectively using half their salary to buy equity on a monthly basis at 5.1p per share."

“The Company now has a large, well balanced portfolio of assets across the south and south-west of Trinidad. The portfolio includes low-risk but highly prospective exploration opportunities in the South West Peninsula, a development project in Cory Moruga and 5 producing oilfields (Goudron, Innis Trinity, South Erin, Bonasse and Icacos). This provides the Company with an excellent opportunity to exploit our existing and new assets through operational excellence and also grow organically through exploration and the Cory Moruga development project. We will now focus on growing production and revenues in Innis Trinity and South Erin through the adoption of a similar operational strategy to our existing fields.“

"Columbus can now establish and accelerate a multi-well drilling campaign on the Steeldrum assets, capitalising on the optionality the acquisition of Steeldrum grants us, and also bring forward activities in the South West Peninsula region. From these assets, and our ongoing other work programmes previously announced, I believe we can make some very strong, quick returns on very little capex”

draw down facility expires early Jan 2019.

mais non, mon grand. That is your interpretation of “selling”. You equate that to spinning. Your slightly negative spin on things. Anyway, I really can’t see why on earth a SH would want to argue about the point that the company needs to work harder at communicating the benefits of its projects so that it can more easily convince new SH’s and keep the current ones happier? You little deramper in disguise, you! Lol.

No, I am of course not suggesting that. I am suggesting that if you want to communicate to a broader audience you adapt your message so that you engage better with more (potential) investors. It’s called selling. I don’t trust people who don’t or can’t sell. I let you chew on that one. They need to do a better selling job, the technical stuff should be the evidence for the selling pitch but not the sales pitch itself. I am using the verb “to sell” with a bit of poetic licence (so please don’t take it literal)

pressed “post message” too quickly. Yes, very much out for the moment and find RNSs like these very unhelpful. Either communicate something meaningful in a clear manner or don’t communicate at all. Unless you are some mining geek, no one really understands these RNSs, and the BOD must know this. So either they are dishonest (smoke and mirrors) or incompetent. They need to start being more transparent and then, if results follow, spring and placing a are out of the way, then they will attract investors like me. But not until then, I need transparency and clarity and I see none of it after having followed this company for well over 6 months now. Remember, this is an investment, not a football match and so you are actually allowed to be critical towards the BOD when you are a SH.

very much out for the moment.

We are delighted to report the results of the first phase of drilling and bore you to death with useless technical blah-blah in the hope the sh's think they are reading something remotely interesting and won't create (another) stampede at the exit doors.

that makes a lot of sense!

Could be, or it’s yet another realisation that things more often than not take more time in O&G than we hope for. It usually turns out that way. In that case he will need every last day to rush towards his ambitious target (I love that drive!!!). Or Lk is baking me a massive humble pie. Can’t waiy to overindulge on it, lol!! We will reach that 1000 peak bopd; for me this is a LT investment so personally I don’t care when we will hit it (within reason). I’d be very happy with this to occur in Q1.

Would be an awesome result. I had this share on the FTSE for 10 years. Each quarterly update they beat market expectations and so the sp rose quarter after quarter, year after year. Why, because they set the expectations, and over delivered. Until, after 30 quarters the company missed their target once. ONCE!! And the SP took a beating like you wouldn’t believe it. They had over promised and under delivered. A lesson, I will never forget. Hence my comment about LK and his communication around targets. It’s based on an experience, not on an opinion or an emotion. Just so you know.

or all of the above?

You are kind towards Dross, at least you assume he has something in his head! I am not there yet :-)

Indeed!

yes it has been frustrating so far, but context is everything and after the disaster that is called NR, LK came to fix this company and did a great job so far. The true value creation is planned from 2019 onward and that will be reflected in the SP. We have waited this far; would be a shame to jump ship just before the company starts its transformation

glad I waited!!

https://twitter.com/benchpressmike/status/1075014515669024769 Good tweet from Mike Joseph, reco quick read