Member Info for neon

Have patience faz. The company has gone through the worst and LK has successfully steered the company around and the future is bright considering current oil price and all the upcoming projectors.

GL

Leo Koot, Executive Chairman of Columbus, commented:

"The formal extension of the Cory Moruga licence provides the perfect opportunity for the combined Columbus-Steeldrum group to bring a new field onto production before the end of 2018, using existing infrastructure and available funds. Â The combined entity will then have six fields on production, providing a more robust production profile and with more options to determine where best to invest our funds to obtain the best "bang for our buck".

The Columbus-Steeldrum management team will continue to focus on "quick-wins" to increase production to be implemented following completion of the transaction."

It's coming together now, slowly but surely! WTI crossed $71 mark while Brent is motoring over $80. Even if we do not reach VSA's 25p target this year, with all the upcoming news and the current oil price, I can see us in motoring towards double digit before the end of this year IMHO.

Fingers crossed, let's see what happens now.

GL all

Yes I do remember 👍
Carry on then 😁

in4cedros

Please take my advice and don’t get invloved with these trolls! They only want people to re-act to their posts! These trolls suffer from withdrawal symptoms if no one is reading and responding. It is like a drug to them.

The business is growing and the future is surely bright!

GL matecand have a nice weekend 😊

Regards
neon

IreneKrapp

lol

You just wait and watch

Closure* comes

And this is where Petrotrin Refinery closes comes as a good news for us!

From 29th Aug RNS:

“The Company will continue to sell production to Petrotrin under the existing contracts, however, rather than selling to the refinery, Petrotrin will export the product at world pricing. This could possibly benefit Columbus in the future as the Company does not currently receive any premium to the oil price it receives from Petrotrin, despite the fact Goudron oil has an API of approximately 38 API, which places it at a higher value than average Trinidad crude oil.”

GL

May be to the sky? lolz

Let's just wait for the Bonasse reactivation update and Steeldrum for now and then the monster SWP! :)

Happy Days! :D

GL mate

faz7475

I know! This is why I reinvested after a year and half like I posted previously! :)

LK is a O&G pro, way way better than the likes of Steven Sanderson of UKOG or Paul Vonk of ANGS. I have some holding left in ANGS but will bring that investment here as soon as I cover my losses there and I'm open about it.

LK is genuine, his cost cutting measures, taking company shares as part of his wages, track record with TAQA, CERP initiatives taken and implemented so far shows you he is a top class executive. He turned CERP around and now the business if cash positive. Now the company is on the verge of having its transformation growth and experience its full potentials.

I believe in LK and I can see strong organic growth accelerating shortly in coming weeks/months.

GL

Hahahahahahahaaaaaaaaa

lol

I know but I honestly respect Alan's opinion. He works in the O&G industry and knows his stuff. Let's see if he replies.

faz

VSA's target is for next year and its partly based on SWP prospects. I think the SP will rise sharply towards 25p as soon as we start getting news re SWP drilling campaign. I'll see if I can get Alan from ANGS for his opinion re SWP 3D Seismic map, he is our well known real O&G maestro.

But don't think the SP will stay around this level for long. As soon we get Bonasse reactivation news and Steeldrum updates, investors would jump back in before it starts rising resulting a short squeeze and rising SP.

Don't forget, as a company CERP is way way way better than ever before!

GL mate

LGO-fan

I just can’t agree more!

But don’t forget, LK was sorting out all the legacy issues of the business and making sure the base is robust enough to support the business growth! I know the dreamers complain 24/7 about VSA’s 25p target but they haven’t put it up just because they wanted to, there is a strong business case here which is yet to be materialised! Don’t forget LK business timeline chart which is working as expected so the said transformation growth will surely come as per the company RNSs

GL mate 😊

You said you worked for BP for 8 years yet you don't know the difference between "Petrotrin Refinary Closure" and "Petrotrin Closure"!

Oh hang on a minute, I forgot you are also a trader! :D

Keep shorting though! Coz whenever you do it, the SP goes up! :D

https://www.cnbc.com/2018/09/18/oil-markets-us-china-trade-war-in-focus.html?&qsearchterm=oil

https://www.cnbc.com/2018/09/18/oil-markets-us-china-trade-war-in-focus.html?&qsearchterm=oil

Has it reached ur topup price target Mike?

SP too low compare to where its going

Flow test started!!!!

Hurrraaayyyyyyyyyyyyy !!!!!

:)