Member Info for Obadhia

Current low price = CERP sp LGO-fan, not the price of a barrel of oil.

Lots of undervalued stocks to choose from at present but can't help thinking that excitement/anticipation for CERP stock will be at its highest yet seen when S2 drill commences. It's now a known fact that quality oil is down there in great volume, at great pressure with a knowledgeable and experienced crew handling extraction. Furthermore on a no win no pay basis.

Don't usually play the guessing game but I'll gladly go on record saying we'll see the current lowly price x3 min, more likely x5+ when drilling kicks off. No intentions to diversify into other stocks with this to look forward to.

Hi Bamps, I do find the info we were given on the MC, slide 13 on the presentation, less than clear cut. Probably me but I would appreciate your understanding. It does say, admittedly, 'economics single well' but are we talking about 60 wells potentially for purely zone 2, each well carrying a $350K NPV? If so, with zone 3 and the larger zone 4 the total MC NPV could equal roughly two thirds of the LC NPV. Would that be correct? TIA.

So in the last 3 months, uptil last Wednesday, Schroders have sold 5,875,000 and now hold 87.4m or 9.76%.

Sound post Siliv, common sense and a pleasant change to squabbling kids rubbish that plagues this board.

Likewise Bamps, my business in both meanings of the word.

GL Rashpurchase, yes, reasonably informative but when knowalls turn up golden rule, don't converse just ignore.

That would have been a great way forward Bamps. I've just emailed the BOD with my thoughts and concerns and took the liberty of adding your comment as a PS. If I do get a reply I hope it's quicker than the 7 weeks they took last time I wrote.

Welcome willec Mk 2.

It's all very well to focus on cash ($2.56m bal as at 31/3) but when salaries and fees, contractors' bills and re-payment of loans are all being re-paid via issuing new shares you'd expect this cash figure to hold up month on month. And so the company's mkt cap falls and with it the sp. The effect of good news when issued on price weakened. Rinse and repeat each month and it's plain to see why we cannot hold on to any rise in price. Yeah, a trader's dream. an investor's curse.
And I am writing to the BOD, again.

The Company has decided, for the month of May, to continue to manage some of its third party costs through the issuance of shares under the Lind Facility and the Contractor Shares scheme. However, we are conscious of the dilution this has on shareholders and so will, in the coming weeks, carefully review the effect of the share issuances and whether it makes sense to consider its use in the future. "

Thank God they are reviewing this policy, it's been over-used and has crippled price progress. Rather like setting off on a run with your shoe laces undone, you're guaranteed to trip up and fall flat on your face. Koot, with all his contacts, I would think quite capable of securing a conventional repayment loan that does not involve issuing equity. Do it and stop all this crazy dilution.

From shares-Investor via ADVFN thread

Columbus is presenting online tomorrow which may be of interest to those here - https://www.sharesconference.com

For those new to Columbus and recently invested it should prove of interest to watch last year's AGM discussions, listen to the plans for Saffron and 'meet' the BOD. Will pass some of the extended time 'til Monday!

https://www.youtube.com/watch?v=MfvnG_VDS68&t=

Cheers Bamps. No doubt about it, LK showing increased excitement at the mention of WNZ, the revised stoiip could be a really nice surprise and top off a great year :-)

They re-iterated their 20.1p target.

https://www.proactiveinvestors.co.uk/companies/news/918164/vsa-morning-flow---columbus-energy-resources-and-egdon-resources-918164.html

Hi Bamps, I often refer back to Finncap's NAV note and whilst I see you've ignored all contingent assets I'm surprised you've not included anything for Suriname (3.5p). Quite possible also to be cheered by w/f news as I understand an update on progress will be given at the same time as IPSC renewal terms prior to end of June.
Perhaps your 'less 10% for ramping' should be re-instated to cover these omissions :-))

FOMO in spades today . . . but justified!

https://www.rns-pdf.londonstockexchange.com/rns/3068Q_1-2019-10-17.pdf

See page 26

Suggest you spend time on the company's website.

Hi Bamps, share your hopes that we'll offload and suspect it will be on re-negotiated terms with part payment deferred.
LK/GS have made it plain how they'd wish to spend cash from sale, there are more worthy projects!

"In the coming month, emphasis will be placed on injecting CO2 into the AT-4 Block at Inniss-Trinity at the calculated rate to re-pressurise the reservoir to gradually increase potential oil flow rates to their maximum potential. We are very confident that our CO2 EOR strategy is working and has the potential to generate positive cash flow at very low oil prices due to the favourable commercial terms we have negotiated and our attention to cost-cutting. Opportunities for further expansion of the CO2 EOR potential onshore Trinidad are being actively progressed.

Hi Bamps, I know Leo said per well but could he have meant clusters? Needs affirmation one way or the other.