Member Info for neon

http://www.thesharehub.com/2019/02/05/sharehub-hotlist-2019-review-week-05/

Apologies if it has already been posted

Stach

Glad to know that bud :)

SWP is certainly one of those company making rare opportunities! CERP is gradually moving out of its legacy issues, made some solid progress to date and getting bigger by having six producing fields under its umbrella! One big hit at SWP & u know the rest ....

GL

You have to have patience with any investment. CERP shareholders have been waiting patiently and now we are in 2019, the year we all have been eagerly waiting for. CERP has changed it's direction completely under Leo Koot and this team has manage to get five more producing fields from just only one within a year and half year and now gradually moving towards the SWP drilling campaign. The company has achieved a lot since the new management got in and like Leo said, this is the year we all been waiting for. So well done with your purchase and I'm sure you will be rewarded with your purchase. I'd strongly recommend you to watch Leo's presentation fully to see where the company is heading: https://www.brrmedia.co.uk/broadcasts-embed/5bbe181a269b0c1ded18979b/columbus-energy-resources-investor-presentation/?popup=true

GL mate and once again, well done

Well Done Stach!

You've managed to time you purchase nicely. 0.1275p old price like NR days with one field compare to now six producing fields and things are starting to get better. Even bloody WTI is creeping up slowly so very well done!

GL

Nah mate, I personally think something is fishy about angs. First SCC issues, then JTP limbo and resignation, then the boardroom drama following PV’s resignation... it’s too much to take really, I personally had enough to be honest. ANGS is extremely high risk at the moment IMHO, won’t be touching it until all the dusts are cleared and they prove the fields can produce commercially.

Sorry for off topic guys

Yes mate, I just can’t trust the weald lot anymore, too many questions, too many interference, too many traders, too many swings, swampies, DL, Dan Levi, TW, skel, granny... wherever they go, they just leave everything upside down! I had enough really. I’m honestly happy with CERP, no matter how low it is now, at least u can tell what it is doing and what it is planning to achieve than worrying 24/7 about council blocking or rig availability or drilling problems, pump needing more nitrogen cylinders or even dealing with fracking protesters .... lol

GL mate

LK stayed per well it might cost then anywhere in between $2-$4 million as far as I can remember. They have around 2.5 million in the bank as far as I can remember. Production is going up but targeting the fields from which they will earn more money! Also by not taking Lind facilities, the company is saving around $72k per month payment to Lind so that will give some cash that they can spend on other stuff!

GL anyway :)

rsdav

Your message, "09I won't ask again guys - because it's become totally clear that you haven't got a bloody clue how this will be funded. It would have been a lot easier and quicker for all concerned had you just admitted it in the first place -and stopped trying to give smart answers to a different question to the one being asked."

I answered your question yesterday mate,don't understand why you keep asking the same question again and again like ross?

This is what the RNS said, " Drilling is to be funded from existing cash resources or through partnering with appropriate third parties. "

Please read the RNS fully if you are NOT clear yet about funding.

Source: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CERP&ArticleCode=u2sai1vz&ArticleHeadline=Business_Operational_and_Financial_Update_Q4_2018

Also about 1000 barrels target, somebody asked that question to LK specifically and he did say in Q4 2018 it will be a peak production but then from Q1 2019 onwards it will go over 1000 barrels.

Please watch the Q&A session for further details: https://www.brrmedia.co.uk/broadcasts-embed/5bbe181a269b0c1ded18979b/columbus-energy-resources-investor-presentation/?popup=true

I admit and agree that SP is pathetic at the moment and but company is doing what it told investors it will do and making good progress. Unlike ANGS where PV keeps telling lots of things but took ages to implement where he only achieved to do one thing on time which was drilling a Lidsey well "on time, on budget", remember?

Like I told you yesterday, take a step back and think the bigger picture.

GL eitherway

crossed $54/barrel, brent gone over $62! lol

rxdav

I understand and appreciate your concerns.

GL mate

rxdav

Just don't be greedy! Don't forget, the SP dropped from over 5p to this 2.5p which is basically halfed. The BoD are getting half of their pay from company shares at 5.1p and it is in their interest to get it higher.

Like I said, its always wise to take a step back and think the bigger picture. The assets are too big to miss and they are NOT tight oil like Balcombe.

GL mate

rxdav

It's your choice mate.

eitherway GL :)

rxdav

Yes you are right and the current sentiment is reflected on the SP, no doubt! However compare it with ANGS/UKOG where you are invested and you will get the answer. CERP has got six producing fields and are on the verge on SWP drilling. ANGS and UKOG are still doing production testing and needs approval from SCC and other councils and the way its going, who knows what will happen with all the uncertainties. I'll take the current SP as an opportunity to get in low, even your new friend dross stated the lowest he could think of is 2.50p where it is now.

The choice is yours. Sometimes it's wise to take a step back and think the bigger picture. Don't forget, shorters are still active on CERP and they have surely made a fortune shorting it so far and even they have to to buy back at some point so together with their buy back and any glimpse of postives, you know what might happen, remember the rise of UKOG from 0.85p to 11p and ANGS from 9p to 38p on the back of speculation? CERP is a production company is producing assets with a credible management with solid track records.

GL eitherway

rxdav

I was in angs and invested quite a healthy amount pre Lidsey (u can check my posting history if you want), then disaster after disaster, at one point it went below 5p briefly but did hold my nerve only to sell over 12p with good profit but left it all together when JTP's share dealing emerged. With PV gone, I personally don't see how Lord Lucan can carry on and calm the market down when they promised a lot but failed to achieve most of it and producing 20 barrels here and there.

I left ANGS and joined CERP with a average just over 4.40p, got fed up with traders ramping and deramping ANGS and all the uncertainties came with it, was too much for me. With CERP atleast you know what they are doing and are operating at the middle of the prolific East Venezuelan basin.

CERP has producing fields, extremely credible management who is turning the ship around after Ritson fiasco and now on the verge of something big. Now if you read all the RNS, watch all the video presentations, you can see the management has been quite clear about what they have done, doing and want to do in the future, something I didn't see with ANGS.

So the choice is yours. But don't forget, sentiment on CERP can change in a flash and the upside compare to the downside is quite substantial.

I wish you all the best

GL mate

rxdav

I've just coped it from the last RNS just incase if haven't read it already:

"Technical work is continuing to mature optimal drilling locations for the SWP exploration programme, with commencement of drilling activities planned for mid-2019 onwards. Drilling is to be funded from existing cash resources or through partnering with appropriate third parties. Exploration success in the SWP could be transformational for the Company, given the known prospectivity which exists in the SWP and the commercial terms associated with any discovery."

Source: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CERP&ArticleCode=u2sai1vz&ArticleHeadline=Business_Operational_and_Financial_Update_Q4_2018

End of the story

GL

Offerman

It was project "green" as far as I can remember where CERP will do a complete project for a govt and at point GS interrupted him saying "early days"

GL

"Columbus Energy’s Leo Koot on his ‘transformational’ plans in Trinidad as firm gears up for expansion (CERP)
by ValueTheMarkets • January 22, 2019

Harsh commodity conditions have seen Columbus Energy (LSE:CERP) fall from 6p to 2.9p over the last 12 months. This comes despite the Trinidad-focused firm enjoying rapid production and M&A progress over the period. This year will see Columbus build on its growth by developing a portfolio of assets that neighbour the world’s largest hydrocarbon basin. Here, executive chairman and industry veteran Leo Koot talks through the next steps in his plan to turn Columbus into a major energy player. ... "

Source: http://www.valuethemarkets.com/index.php/2019/01/22/columbus-energys-leo-koot-transformational-plans-trinidad-firm-gears-expansion-cerp/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

http://www.valuethemarkets.com/index.php/2019/01/22/columbus-energys-leo-koot-transformational-plans-trinidad-firm-gears-expansion-cerp/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

"Oil prices push higher on hopes for U.S.-China trade progress
Published: Jan 18, 2019 2:50 a.m. ET

WTI and Brent crude contracts poised for weekly gains of more than 2%

Oil futures moved higher on Friday, after a report that the U.S. could be ready to ease tariffs on China inspired investors to pick up perceived riskier assets such as commodities.

West Texas Intermediate crude for February delivery CLG9, +1.13% rose 66 cents, or 1.3%, to $52.73 a barrel, after closing down 0.5% to $52.07 on the New York Mercantile Exchange on Thursday. March Brent crude LCOH9, +0.96% rose 69 cents, or 1.1%, to $61.87 a barrel on ICE Futures Europe, after slipping 0.2% to $61.18 a barrel on Thursday.

For the week as of Thursday, WTI and Brent crude are each looking at gains of over 2%.

Oil slipped Thursday, pressured from recent data showing a climb in weekly U.S. oil production. But crude spiked higher in electronic trade Thursday after The Wall Street Journal reported that U.S. officials were debating a possible ease in tariffs on Chinese imports, to give Beijing incentive to make deeper concessions over the trade dispute.

Optimism lingered even though a Treasury spokesman told the WSJ that any bargaining positions remained “at the discussion stage.” The source also said that neither Treasury Secretary Steven Mnuchin nor U.S. Trade Representative Robert Lighthizer have made any specific trade-related recommendations and talks were still ongoing."

Source: https://www.marketwatch.com/story/oil-prices-push-higher-on-hopes-for-us-china-trade-progress-2019-01-18

steward1

I don't know how much you know about CERP and then LGO but ross is no newbie, he is like a cancer cell if you consider CERP's history for past five years atleast.

Ross trades CERP. He is negative when he is shorting but hugely positive when is invested, it's as clear as that. No shorter will ever admit their position but they will post misleading negative posts 24/7 and they are consistent which ross is at the moment which is change overnight whenever he buys back and become long.

You simply can't stop them, like I said, they are cancer cells, consistent and negative 24/7, I learn my lessons from GKP and QPP.

I'm well under water like others with my 1.1 million shares. 2.7 which is .135 old money which we last saw when NR messed up the whole LGO and it's finances.