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That was a good tick up - just looking at the screen showing 20.875p and then it jumped to 21.25p. This looks like 3 blue days in a row and whilst the SP is nowhere near where we think it should be the return to positive sentiment is a big relief after the slow and steady decline we’ve recently experienced. IMO the higher the SP closes today the more expectation I have for next week. Onwards and upwards!

Agreed 100%

Petersalkend - this is for your even though I’ve made a subtle change to your thread title. 19.2p might seem a long way off now as the SP has not moved a lot since the end of last year but remember last May/June when the SP was barely over 2p and 4 months later in October it rose a fraction over 8p. That’s x4 in a very short space of time. Along with everybody else on here I don’t know how long you will have to wait for 19.2p but in 6 months time I’m very confident it will look a lot closer than it does now. Keep the faith 👍

The fundamentals have been great for some time yet the SP kept slipping and I don’t think any of us know why. Then today up 8.38%, why is that? The latest RNS was positive but so have others. RP’s recent Podcast was excellent as he genuinely came across very positive. Naybe the Cantors note has been sent and their private clients have started buying? Today’s rise hopefully brings an end to the negativity and the sentiment has quickly turned positive. It’s hard to find the bottom and to have the balks to invest in falling SP but a substantial rise off the bottom (hopefully that is what we saw today) and then Cantors clients and others on the side have the FOMO and hopefully a strong upward trend begins. We know there is a good flow of news to come which will help the positive sentiment to remain that way. Hopefully today was the start of onwards and upwards!

nat19721 - I cant see the connection myself but if you really believe that then maybe you should consider backing Leeds Utd to win the Championship next season

Whilst I don’t expect production to have remained static I am not expecting a sizeable increase in production since the last figures were announced. We’ve had no news of work at Bonasse and Icacos (that doesn’t mean it hasn’t started) but the big increase in production was always going to be in the 2nd half of 2018 and that’s why I think some peoples estimate of 800-900 bopd end of year production will prove to be very low. LK’s own lower estimate is 900 bopd and while that would show a healthy year on year increase I am expecting substantially more. Everyone is entitled to their own ‘guesstimate’ and some people deliberately aim lower to avoid disappointment which is understandable but I am much more positive than this. Time will tell and the next update should shed more light on the progress to date on all fronts, not just production.

WTI has now fallen around 10% in the last 2 weeks. When the price of the product your selling falls then revenue falls too but we have to keep this fall in perspective. Average monthly POO has been increasing every month (bar 1) for 9 out of the last 10 months and it looks like this rise will stall in the month of June but it’s still early days - we will just have to wait and see. The current WTI price of over $65 is still not too shoddy, the drop back back is disappointing but nothing more than that. GLA.

Bamps21 - I have previously said Monday 8th July but that is only my best guess

I interpret no news is good news under the new BOD whereas under the old I would be fearing the worse. Unless told otherwise I am happy to presume that they are busy getting on with the job, following the strategic plan as it is laid out for all to se with the caveat they adjust their position as new situations arise. As 5.0p was Schroeder’s buy in price many months ago and they have continued to build their stake in the company (14.26% from memory) then they at confident things are heading in the right direction and so am I.

The difference might only be 75 cents a barrel but as an example let’s say the next 6 wells all produce an average 500 bopd for the 1st 6 months. That’s 3000 bopd x 30 days in a month x 75 cents and you can see ‘extra’ revenue of $67,500 per month so that 6 month period in this example would equate to an extra $405K - not to be sniffed at!

Yes me too. It’s amazing how big a difference having trust and confidence in the current management makes. There is no fear of placing, debts spiralling out of control or wondering what is going on. The detailed strategic plan and previous RNS’s and video interviews explains it all clearly and we are confident knowing that any deviation will be in the best interests of the company and therefore it’s share holders. Even the current SP which is stuck in this tight range around 5.20p is nothing more than annoying and patient holders will be rewarded in due course. Happy and content to be invested

MrMagoo31 you may be right. I am hoping the next update is a little earlier maybe 6 weeks away, in my mind I am thinking Monday 8th July. The last update fell around Easter time so I think it was delayed a few days for that. It diesn’t have to be a Monday announcement of course but I think it will and Monday 1st is a little too early so that’s why I think it will be the 8th July. Before then we might have confirmation of the Bolt and Icasos deals completely signed and sealed if not already and work on Bonasse started.

I am glad this thread has prompted some healthy debate. Joebop, if current production is 650 bopd and WTI is at $70 what do you calculate the net monthly benefit to CERP is on every $ increase in WTI? I am sure many readers of this board, including myself, would be interested if you were able to explain how you get to the figures you do. Thanks in advance.

Back in October the CFO gave an interview and stated every $ increase in the POO was worth around $10k NET to the company each month. I am sure he was well aware of IPSC and all tax deductions before making that remark. The interview is now 7 months old but as October’s monthly POO average was $51.58 on production of around 450 bopd and Aprils POO monthly average was $66.25 on production of around 640 bopd then if he updated his numbers the evidence points to a rating higher than the $10k he quoted and not lower. Through my eyes that is a lot of ‘extra’ money each month for a company the size of Columbus and I am sure the BOD are grateful for every rise in WTI

Is due early July but IMO we won’t have to wait until then for the next piece of price sensitive news and I feel it is this that will take the SP beyond 5p for good rather than the price of WTI. Whilst every increase is good news for the company, historically the share price has not immediately reacted to it.

$72.28 as I type and I know this is not reflected in the current SP but there is no denying this is all extra revenue for the company which I am sure LK will put to good use

Alextikki your post on POO is not factually correct. WTI peaked in June 2014 at $140 a barrel and June’s monthly average was $105 and 4 months later that monthly average had fallen to $84.40 but LGO SP peaked on the 30 Octobercat 6.95p so in this instance WTI was falling while LGO share price was rising. 3 months later the monthly average had fallen to just over $47. As Nianjabi correctly stated it is a totally different company now and whilst you and I and many others lost large amounts of money on LGO that’s history, it’s gone! CERPS nSP last June was around 2p but 4 months later after Schroeder’s had bought in at 5p, interest and speculation in the company’ saw it rise and peak to 8.05p. Everybody had the opportunity to sell including you and if trading is as predictable as you make out in your post then you should do it. If selling only seems a good idea in hindsight and you are looking to make all your LGO losses up in this new company whilst not prepared to invest at these levels then you’ll have to be patient for a couple of years until it reaches the SP you need. SP doesn’t always reflect the value of the company, especially on AIM, when it went up x4 in the 4 months I stated the company didn’t increase production or revenues x4 or WTI x4 it just moved up. IMO it will do so again before the year is out but knowing exactly when is anybody’s guess. Good luck with your investment.

The monthly average price of WTI in April was $66.25 making it the 9th monthly rise out of the last 10 months and leaving January’s peak of $$63.70 behind. It was also by some margin the 3rd largest monthly increase in that time and with WTI currently $71.56 it will cone as a big surprise if the monthly average in May diesn’t show another healthy increase. Whilst this increase in WTI has not directly reflected in the SP it certainly means higher monthly revenue for the company which puts it in a more financially healthier position than it would have been otherwise. The trend in WTI is still definetely upwards and whilst we can’t predict its future price no more than we can affect the price it’s good to acknowledge an increasing oil price along with increasing production are the basic ingredients for increasing revenues for Columbus. The SP will reflect these increase in due course.

Vike1 - ‘ and with not much excitement here over for the next 12 months or so, we may struggle to keep up’ - Really? LK has done so much since he took over and has promised a year of transformational growth yet you are predicting it not much excitement over the next 12 months. Now who do you think readers are going to believe, you or him? He has stated in writing and on video the likely progress that The company will make this next year, would you like to explain your reasoning for the ‘not much excitement here over the next 12 months’ remark?

For accuracy, monthly average price of WTI in October was $51.58