Member Info for prefabsprout

Doh! I just realised that there is a Predator and a PRD username, that explains a lot. Glad to hear you are still here.

No it doesn't I misread that

This mentions the Predator option to buy the field...............

13 March 2019

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Update on Inniss-Trinity IPSC

Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update about the Inniss-Trinity Incremental Production Service Contract ("Inniss-Trinity IPSC").

Background - Inniss Trinity IPSC

FRAM Exploration (Trinidad) Limited ("FRAM"), a fully owned subsidiary of the Company, is party to the Inniss-Trinity IPSC with Heritage Petroleum Company Limited (previously Petrotrin) ("Heritage").

The Company's interest in the Inniss-Trinity field benefits from an agreement with Predator Oil & Gas Limited ("Predator"), whereby Predator will fund and help plan a CO2 Enhanced Oil Recovery Pilot Project (the "CO2 pilot project"). FRAM remains the operator of the Inniss-Trinity IPSC, including work for the CO2 pilot project. As part of the agreement with Predator, in the event the CO2 pilot project is a success, Predator has the right to purchase FRAM for US$4.2m.

Update on Inniss-Trinity IPSC

The Company is pleased to announce that work is continuing with Predator and Heritage to advance the CO2 pilot project, with the first injections of CO2 expected in Q2 2019. This follows from Heritage's recent confirmation to Columbus that it has approved of the conduct of the CO2 pilot project, subject to all requisite regulatory consents.

Leo Koot, Executive Chairman of Columbus, commented:

"The Company looks forward to working with Heritage and Predator to advance the CO2 pilot project. We believe the CO2 pilot project on Inniss-Trinity will give all parties a valuable insight into an alternative enhanced oil recovery mechanism for Trinidad and has the potential to transform oil & gas operations in the Inniss-Trinity field and in similar fields in Trinidad."

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Contact Information

There is so little free flow of these shares they are at this time that I believe impervious to the oil price fluctuations that others are led by. That works for both upward and downward movements in price.

Just seen it.

What did the piss stained bell end have to say now?

Yeah, just listened to that too. I had a rant about it a couple of days ago when I misunderstood a post and thought it was a Malcy blog thing. Sorry to whoever posted the original link

Eff the shorters. I've just splashed out a whopping 500GBP to double my total investment. In doing so I have not far off trebled my total holding :-)

I'm not seeing recent trades, just me or everyone?

I've not got any cash in there and only interested from an obscure work related angle but Anglo African do a decent attempt at twitter, @angloafricanog so there can be some value to small companies who want to keep the narrative straight forward. Is this the sort of thing you mean Chancers?

Oh ffs we descended to Malcy AIM bollocks. No need to entertain that pump and dump ****e whatever the message

Joe, I'll be surprised if you get below 7 on Monday unless you are in very quick. I've said it before I'm not looking at much from Trinidad but this line did get my attention, "funding of the Guercif work programme will either be through cash flow from Trinidad C02 EOR operations (depending on the level of surplus revenues generated)......."

Here for the long haul and happy

Some amount of hoovering up in the last few minutes.

That's nothing compared with the clowns who bailed out of here to get into the spike in UKOG. Double played imho

I find all that too difficult to try and decipher. :-) I got in last summer and averaged just above 5 now and seen the price come a whisker away from doubling then fall back to break even on no news at all. From then on I decided to sit back and see what happens.

Half right. I don't rate CERP at all, it has a weald feel about it but Trinidad looks good for proving the CO2 is my gut feeling.

Trinidad is with CERP and I personally cannot see this as anything but another sad AIM pile of pish, it has all the ingredients. A positive result there will poor the concept but I don't see it as an instant boost in SP. There is an option to acquire the Trinidad fields is there not? that could be interesting. Positive farm in news is what will give us the lift. Good luck folks I'm happy to sit tight on this one.

I am pretty sure that something very similar happened when Haewene Brim came out of Cromarty after last refit a few years back. The tug taking her into position steamed over the buoy and severed the pull in line. A quick dive down to reattach and it was all systems go again. Not a major problem but how very Bluewater to get into a similar situation again.

The Trinidad EOR is with CERP, correct?

getting quotes for 400 @8.19

Fluid column = no or limited flow until you can move it.