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Hi Garnheim - I am thinking he is emphasising the availability to Columbus of the 2 rigs through the acquisition plus the rig already on Bonasse. Maybe the workover rig will be used on Goudron or the other fields in the SWP with the Norway made ‘quality rig’ available for the SWP in H1 2019. I am thinking they will take a little while to assess the pecking order of all the fields they now control for what gets the ‘best bang for your buck’. I still refer to LK’s comments that they have many options but won’t consider any unless he payback is 30 days or less. Whilst that comment is now dated and may not be ‘literally true’ the value for mibey principle still remains. I am sure he is a man who runs a lean operation and whilst he will pay little attention to the day to day SP he did say he wasn’t happy with it at 5.3p as half his salary is paid in shares and now its 4.35 he will be less happier although the fact is the lower the SP the more shares they will be allocated each month.

Joebop your one of the few posters who I don’t normally respond to but tonight I’ll make an exception. If you can consider Schroeder’s topping up at over 5p to be a dumb move as everybody could de it was overcooked v fundamentals I take it you were selling then, is that correct? Or maybe at 5.5p, 6p, 6.5p or at its peak at 8.025p I’ve noticed you berate posters with an air of superiority but your smart connects are always after after the event. You were asked on his board before for your opinions going forward but there was no reply. Maybe you should contact Schroeder’s and explain to them exactly where they are going wrong. I choose not to argue with people so I won’t be commenting on any of your future posts. We are all here to make money so let’s just agree to disagree.

Joe knob - any dumb mutt with a bone can see everything after the event. I’ve always alluded to that!

JJAL that may be the case with East Denver, we shall just have to wait and see. As you say it’s a free carry of 7.5% and I see no risk at all. West Denver is at the early stage but I’m sure RP has various options in his mind. He will already have a pretty good idea of what revenue the other 6 wells will probably produce but we’ll have to wait until end of October for confirmation. RP was clearly excited about the Nitrogen play and the revenue generated there is more of an unknown and may play a big part in the West Denver plans as would any break through with DT Ultravert. I think RP’s excitement peaked towards the end of the interview when he said something like ‘and Justin, we own 100% of those leases’. Potential has always been huge here but now only Helius remains high risk and we have recently added Nitrogen, CO2 and West Denver to the portfolio. I feel the potential is about to be realised in several fronts so there’s no wonder we are getting some blue days. Hard to see tomorrow won’t be another, maybe a tipping point for the SP very soon.

My take on LK’S comments about the drilling’s rigs when asked if they were savings to be made is this. He said one of them is the best rig in the Carribean and as a very experienced oilman he was clearly excited at having first call on that. We know we are paying market rates for it so if it’s the best rig it won’t come at a bargain basement price so I think that’s why LK didn’t want to discuss savings. I think he believes the quality of the deal is having its availability when it’s required. No waiting around may have some cost savings but he is clearly pleased with the quality of rig that is going to do our drilling. He said again payment will come from funds within the company generated from positive cash flow. The new acquisition may take some time to bed in and work as efficiently as possible and that’s why he’s in Trinidad now. At the end of the year producing 1000 bopd is easily possible and with the producing wells in the SWP producing twice as much revenue per barrel than Goudron, there will be plenty of cash going into the Columbus coffers in time for the first drilling of the SWP in H1 2019

Somebody posted that Schroders now own 15.3% of CERP - why is that? Are they stupid? Do they have a history of backing losers? Do they think LK’s strategy is going to fail? All answers are a big fat No! Schroeder’s are smart, experienced investors who have a history of backing winners based on new experienced management taking over failing companies and turning them around in 3-5 years. Ring any bells? I was a big loser in LGO but I am very confident of success here. LK has successfully steered this ship through stormy waters. It won’t be long before the good ship Columbus is steaming ahead full steam at a rapid rate of knots. Why wouldn’t you follow the Captain and simply ignore all the moaners left on the dockside.

Just reposting PTrotters post at 12.50 today. No coincidence it was pushed quickly off the page by the very people he warns about in the last sentence. The longer the SP stays below 5p the nite opportunity there is for investors to get a little bit more. PTrotter wrote - Schroeder’s small company investment fund has outperformed for the last 3 years, good manager, they are picking winners, mostly based on new management taking over failed, bankrupt companies and turning them into multi billion pound caps over a 3-5 year period, they know what they are doing, watch and learn, 2020 not far away! Listen to short term de-rampers and miss out

Really good volume with over 500,000 traded in the first hour. I’m thinking and hoping we could be in for a really good week with the SP much higher by close of play on Friday.

Good to see WTI is back over $70, we all know we don’t actually receive the full $70 a barrel and actual figures received were stated in the yearly report, however we all know that $70 is a very good number and at the start of the year we would have all taken that. Looking forward to hearing about news about increased production at Bonasse in due course. Busy time for LK and team in Trinidad just now integrating the new acquisition into the group to optimal affect.

It will do at some stage, whether it’s now or not I don’t know, it’s just a matter of wait and see. None of us will be surprised when it does as it’s been really hard to believe the SP has languished so low for so long. We’ve all had the opportunity to get fully loaded at these low prices and because of the slow gradual rise over the last 2 weeks and today’s volume of over a million shares already, I think the days of the SP in the low 20’s are numbered. Lots of news to come

No drop coming this morning. A big article with the only reference bring a quote from a professor which reads ‘ people around here are blaming the oil companies but this has nothing to do with hydraulic fracking’.

Npwharf - thanks for that. No new news was expected but if questioned LK might elaborate on something in a little more detail. A strong performance from LK was expected but it’s always good to get confirmation so thanks for that and for anything else you can contribute when he’s finished.

Any feedback from tonight’s meeting would be most welcome. Many thanks in advance

Oxygen thief!

Gallini I am sure there will be a detailed update on all ongoing operations before the conference call and he may use that opportunity to include information which will answer some shareholders questions already submitted. Many potential streams seem to be progressing along nicely, looking forward to flow rates from the 6 wells in ED and his intentions for WD, all in good time!

There are also environmental benefits in using the same water that has come out of the ground. There is a correct term for it which escapes me but it means the water from the ground is already ‘user friendly’ so no chance of any adverse reaction. Many thanks if anyone can add clarity to what I’m trying to say? 👍

Every RNS appears a good one, it’s producing so has a revenue stream and recent weeks has seized the opportunity to diversify into nitrogen and CO2. The Helium play is still alive andhave a 100% interest in their West Denver play - oh, no debt either. Where is the risk? What is there not to like? I don’t know what the catalyst is to rerate the SP but I’m confident it will happen and that the future looks bright.

I’ve just watched it too, very impressed with the presentation and acquisition. LK is clearly excited about the prospects of enhancing production in the new fields, a rig is at Bonasse now, more water being injected in the pilot schemes,, further potential acquisitions being actively screened, partner for Spain identified, there is a lot going on. It wil be hard for the doom mongers to spread their negativity after this latest update but no doubt they will try. LK even mentioned this deal was not the transformation deal and although it was noted at the end of the years cycle he said that doesn’t Necessarily mean we’ll have to wait that long. The SP will take care of itself in due course but after today’s presentation and Malcys interview next Tuesday I believe the Columbus story so far and the potential going forward will reflect in a higher SP maybe as early as the end of next week. It doesn’t matter if it diesn’t IMO as we will get there in the end and that’s how long I am staying for.

Questions to the team, taken from the Companys website: Q. There is market speculation that a placing is imminent, can you confirm? A. There is no requirement to raise funding in the short to medium term to fund our current activities and no placing is planned or imminent. As previously announced, the Company is fully funded for our planned 2018 work programme. The 2018 work programme includes all costs of running the Company’s activities in London, Spain and Trinidad, including the costs of our capital work programmes, all G&A and the servicing of our outstanding loans to Lind Partners. Management continue to focus on delivering our targets, increasing shareholder value and are making good progress on all fronts. We will update the market, as required, in the near future.

Fadec and Icantgolower - I’ve got it now, apologies for causing any confusion, I read it that we had a piece of land measuring 72 miles x 72 miles which is HUGE!! LoL! - IMO still a strong buy