Member Info for neon

good find, thanks jcgswims :)

I think CERP is going through similar trend. Just check the ASOS's SP before and around 2004 when they were trading around 4p and then started expanding and reached 6200p in 10 years. I know we are in O&G, not in clothing sector but CERP is currently trading around 3p where ASOS used to be once upon a time but with expansion it grew quite swiftly. The plan CERP has, you never know. If we hit big oil in SWP like I stated before, start earning big cash and start expanding rapidly in south america then you can imagine where we can go....

GL all

https://www.cnbc.com/2018/12/13/oil-prices-up-amid-us-stockpile-drop-signs-of-easing-trade-tensions.html

Bamps21

Absolutely spot on mate!

Before CERP only had a single field, goudron but now its has five more producing fields so now gourdron has to compete with other fields in terms of production, like Leo said as the company will earn more money from other fields than goudron due to IPSC terms.

Personally I'd like to see production going up on other fields and news on upcoming SWP projects.

So like Leo said in his presentation and now you've re-iterated, CERP will touch 1000 barrels which will be over 1K barrels from Jan 2019.

GL mate

Hundreds of Texas Oil and Gas Workers to Lose Jobs in New Year
by Valerie Jones|Rigzone Staff|Tuesday, December 11, 2018
https://www.rigzone.com/news/hundreds_of_texas_oil_and_gas_workers_to_lose_jobs_in_new_year-11-dec-2018-157695-article/

Although I do feel for those who will be losing their jobs but it does show lower oil price is definitely affecting the US fracking industry and they are taking real hit. Wait for the OPEC cuts to take full effect from Jan 19 onwards, oil will be back in $70-$80 range and might go higher if the US inventory falls further sharply IMHO

Oil extends gain as U.S. stockpiles drop and trade tensions ease
Sharon Cho and Grant Smith, Bloomberg Dec. 12, 2018

"Oil extended an advance after a U.S. industry report signaled a bigger-than-expected draw in nationwide crude inventories and as trade tensions eased between the world’s two largest economies."

https://www.houstonchronicle.com/business/energy/article/Oil-Extends-Gain-as-U-S-Stockpiles-Drop-and-13459899.php

Oil prices rise on Libya supply outage, report of falling US stockpiles
PUBLISHED TUE, DEC 11 2018 • 10:00 PM EST | UPDATED 41 MIN AGO

https://www.cnbc.com/2018/12/12/oil-rises-more-than-1-percent-on-opec-led-supply-cut-trade-talk-hopes.html

Don't forget one thing guys, by buying more shares from the open market, mike and us are basically taking free floating shares off the market. Which means finally when the expected news will start coming, the SP rise will be quite steep and fast as there would be less shares for the MM/shorters to play with ..... :)

GL all, brighter days ahoy

rossannan

Your post proves you are not only a sad lonely person but also an IDIOT!

Plz do me a favour and DO NOT respond to my posts

Thank you

Guys Guys Guys, don't forget Predator's RNS this morning!

CO2 injection going pretty well! I think CERP will definitely get that 4M cash next year :D

WoW!!

Now that’s a massive positive news on its own! 2019 is going to be an awesome years for CERP shareholders

GL all

WoW ??

Now that’s a massive positive news on its own! 2019 is going to be an awesome years for CERP shareholders

GL all

Shinfalls

I just can't agree more!

All these years we've been bombarded by trolls complaining about production, production and production. The company has addressed it, added five producing fields under it's belt and gearing up it's production. The first target is to touch 1000 barrels/ day from its bases and continue producing over 1000 barrels from Jan 2019 onwards.

A sharp SP re-rate is coming. Trolls were doing their stuff before, still doing it and will keep doing it regardless, that's what they are paid for after all. But if you do your research properly and check where the assets are and their fundamentals, surely you can see where CERP is going. Schroders and Burggraben together with our bigmj are big Institutional investors. They bought massive stake coz they know the potentials.

Like I said, provided we hit big oil in SWP (20m-400ml barrels) from any of those 12 wells, we will not only touch VSA's target but might also exceed it further.

GL

Chesh

lol

You just need UKOG or ANGS lot here! Just broadcast the words CERP will be the next gusher, SP will be in 20s within minutes .... lol

Rossannan the hypocrite giving investment advice!

??????

rossannan

Yes, I'm well aware of it. Goudron was producing a lot lower than what it's producing now, something you CLEVERLY avoid discussing!

He was very positive and energetic about CERP when he started and still is, again I'm aware of it. He was clear about spending a lot of money on Groudron thinking it will increase the production but in the end it didn't and they didn't make any extra money. Leo MENTIONED it in his presentation. Show me one CEO who will be open about stuff like that. Now he has got five more producing fields, snowcap has got a brand new well and the old Goudron field has to compete with others now which he mentioned when he was answering John's question, something you avoided INTENTIONALLY I think!

Talking about "cash burn", show me ONE company that hasn't got any! Even my good old corner shops have got "cash burn" and it's something every business have to deal with. In business terms they are called "costs" which can be sub-categorised as operating costs, production costs bla bla bla.

Ross, sorry mate but you I think you are hypocrite!

You praised LK 24/7 when you bought CERP for his abilities and skills, this same Rossannan is brutally calling LK a liar for missing his targets which is CEO openly explained why.

LK has a professional history of making companies global and successful, TAQA for example! What history do you have Ross, if you don't mind me asking?

Neon

one thing is true for sure!

Leo Koot is an absolute gentle man and somebody you can approach to and ask questions! I remember Toby Hayward of Afren, Tod Kozel of GKP, Tony Hayward of Genl (ex bp chief), Anthony Durrant of PMO but none of them came as honest, down to earth pro like Leo Koot. No wonder why bigmj keeps buying along with schroders and other retail investors ....

GL

fast forward it to: 26:39

The question was asked and answered straight away

Anybody interested in CERP and where it's going, please watch the last investors presentation which deals with most of the common FAQs and Leo explained everything.

So please watch it: https://www.brrmedia.co.uk/broadcasts-embed/5bbe181a269b0c1ded18979b/columbus-energy-resources-investor-presentation/?popup=true

CERP will touch 1000 barrels production in Dec 2018 and it will be stable production onwards from Jan 2019 i.e., Q1 2019. Watch the video, Leo addressed it in Q&A session.

One advice, please do your OWN research about this company and where it's going. There are lots of wanna be(!) oil experts here who are mostly keyboard warriors, spouts rubbish 24/7 just to get some attentions and ofcourse to implement their masters agendas! :D

GL all

https://total-market-solutions.com/2018/11/28/interview-with-andrew-monk/

CERP is mentioned as VSA's favourite O&G company