Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
MrMagoo - Got to be worth some vodka on your cornflakes this morning?
When we having that 20p party?!!!
Just bought £1K worth on my H&L account.
The oil price has turned negative, as the world's drilling companies are running out of places to store the stuff.
I hope no-one makes any crude jokes about this.
Hope everyone is safe and well!
Is this good news???
Just seen the update emailed to me. Do we take this as good news?
COLUMBUS ENERGY RESOURCES PLC
("Columbus" or the "Company")
Update on Saffron well - South West Peninsula, Trinidad
Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, is pleased to provide an update on the progress of the Saffron well, currently being drilling in the South West Peninsula, Trinidad.
The drilling of the Saffron well is continuing as planned with encouraging results to date. The 8 ½" pilot hole was successfully drilled to the planned depth and encountered hydrocarbon bearing zones within the tertiary target. This provided the Company with the knowledge and confidence to widen to the 17 ½" hole size and set 13 5/8" casing, which would allow future testing of encountered oil zones on a successful completion of the well.
Whilst drilling the 12 ¼" section, further shows of oil bearing intervals have been encountered within the secondary target as well as high formation pressures. This has required careful measures to ensure the wellbore is in a stable condition whilst continuing to drill. The Company is currently drilling ahead the main 8 ½" hole section with which it is planned to reach our prognosed Lower Cruse primary target. On achievement of the TD (Total Depth) criteria the Company intends to log and perform production testing of the well, as appropriate.
The Company will update, when appropriate, as drilling continues.
Leo Koot, Executive Chairman of Columbus, commented:
"The drilling of the Saffron well is progressing towards our total depth target and we have been encouraged by various oil and gas shows throughout the drilling campaign. I have been at the rig-site during the critical phases of the well campaign and continue to supervise day to day operations. The knowledge of the formations and rig systems gained so far from drilling the Saffron well is being applied to the final stages as we reach the primary target and will also prove valuable information for the future wells within the Southwest Peninsula including any development drilling. The Company looks forward to updating the market as appropriate."
I love the Smirk on Leo's face right at the end of this - https://youtu.be/fMFTIHxfdZw (go to 6 mins)
Do you think he looks pleased with what he sees?!
Sorry to hear that, Get Rich.
Hope all is OK and you can come back in the future
Hi Everyone,
I own 1,203,668 shares in CERP. Is anyone able to work out what % of the company I own?
Onwards and Upwards!
Now, Now Ladies and Gents. I am quite fond of Mr Magoo and his poems
Come on Mr Magoo - give us a poem that can lead us out of these dark times.
a video of a big erection on the CE twitter feed.......
Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to confirm that an updated Company Presentation has been made available on its website.
Be a good chap and jog on. Good boy.....
What a Prat!
I'm not a snowflake. Just don't see why that video has any relevance. Going to report and block
Have a great day!
Hedgecutter - That video you put up of Fish getting shot in a barrel is just senseless animal cruelty. It has zero relevance.
Just had this email -
("Columbus" or the "Company")
Update on Saffron well - Rig ready to commence drilling operations
Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, provides the following update about the Saffron well in the South West Peninsula, Trinidad.
The drilling rig to be used for drilling the Saffron well (Talon #38) is now on location and ready to commence drilling operations. The drilling operations will commence in the next few days following official Ministry inspection and approval.
Leo Koot, Executive Chairman of Columbus, commented:
"The Company is pleased that the rig is on site and we are ready to commence drilling operations in the next few days. The Company notes that its preferential access to the Talon #38 rig means there is no material cost whilst waiting for the drilling operations to commence."
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Thank you!
Morning everyone,
Would be great to see this his 5P by end of week.
Does anyone know when we can expect the directors to make a purchase of shares?
John
Saffron well site preparations continue for rig on location by end September 2019. Recoverable resource up from 10mmbbl to 11.5mmbbl. Go to https://columbus-erp.com/investors/reports-and-documents/ for updated presentation on SWP.
Just read this. Sorry if someone beat me to it
https://www.proactiveinvestors.co.uk/companies/news/903415/columbus-energy-resources-upgrades-saffron-estimates-as-it-prepares-well-site-903415.html