Columbus Energy Resources (CERP) has updated including it “has now successfully completed workover operations to survey downhole the AT-4 and AT-13 wells on the Inniss-Trinity IPSC in preparation for future CO₂ injection and enhanced oil production” as it continues to advance a pilot project it believes has the potential to transform oil & gas operations in the field and in similar fields in Trinidad…
Currently Trinidad-operating, oil and gas company Columbus Energy Resources (CERP) has announced results for the first half of 2019 and emphasises it “is on the verge of an exciting phase with a number of activities commencing in 2H 2019 which could potentially be transformational”…
Columbus Energy Resources (CERP) has updated that it “has successfully completed workover operations to survey downhole the AT-5X well in preparation for future CO₂ injection and enhanced oil production”…
Columbus Energy Resources (CERP) has updated on activity towards drilling in the South West Peninsula, Trinidad…
Columbus Energy Resources (CERP) has announced 2018 results and that “in particular, the company is looking forward to commencing our exciting drilling campaign in the SWP during the second half of 2019”…
Columbus Energy Resources (CERP) “is pleased to announce that it has been granted a Private Petroleum Licence for the Bonasse Licence Area in the South West Peninsula of Trinidad”, with Executive Chairman Leo Koot adding “without it, we would not have been able to drill the upcoming well… I am confident that even a modest discovery in the SWP has the potential to transform the company”...
Currently Trinidad-orientated, Columbus Energy Resources (CERP) has updated on the first quarter of 2019 – with Executive Chairman Leo Koot adding “the next quarter will be busy as we prepare for the SWP drilling campaign and progress other M&A opportunities”…
Columbus Energy Resources (CERP) has updated on a CO₂ enhanced oil recovery pilot project on its operated Inniss-Trinity IPSC – described as “has the potential to transform oil & gas operations in the Inniss-Trinity field and in similar fields in Trinidad”…
Columbus Energy Resources (CERP) “is pleased to provide an update on business, operational and financial activities during Q4 2018”. However, this includes “gross revenues of US$3.23 million achieved (Q3 2018: US$3.85 million) - reduction due to lower average production and lower oil price achieved over the quarter”. Hmmm…
Following the recent placing, the house - thus not impartial - broker VSA has rejigged ita valuation for Columbus Energy (CERP) in the detailed note below. The price target comes down from 25p to 21.4p to reflect the dilution but at 3.7p the stance remains buy. I agree with the conclusion but am not so sure that the price target is not a tad ambitious.
Columbus Energy Resources (CERP) has updated that it “has received notification from the Spanish Government that it should commence the decommissioning of the Ayoluengo field”. The company has been expecting the government to re-tender the concession...
Columbus Energy Resources (CERP) “is pleased to announce a conditional placing… at a price of 3.5 pence per placing share to raise approximately £2.5 million”. The shares though commenced last week at above 4p, were still 3.75p at the end of it and the week included “pleased to announce the completion of the purchase of Steeldrum Oil Company Inc”, “pleased to provide an update on business, operational and financial activities during Q3 2018” and an evening investor presentation…
Columbus Energy Resources (CERP) has updated on the third quarter of 2018, including that it “has incorporated Steeldrum's business performance into Columbus' financial accounts with effect from 13 July 2018, the effective date of the acquisition… (and) adding significant optionality to increasing production going forward”...
Columbus Energy Resources (CERP) has announced results for the first half of 2018 and that it continues to progress activities to achieve sustained production growth…
Columbus Energy Resources (CERP) has announced an all-share agreement to acquire Steeldrum Oil Company Inc, with Executive Chairman Leo Koot emphasising it “provides the company with an excellent opportunity to exploit our existing and new assets through operational excellence and also grow organically through exploration and the Cory Moruga development project”…
Okay, VSA Resources is the house broker so it is paid to be bullish but could these shares really be a five bagger plus? Analyst Oliver O’Donnell reckons so and opines:
This is the great Leo the man who has transformed Del Boy Lenigas operation LGO Energy into a company that is going places, Columbus Energy (CERP). This presentation struck me as not bad at all.
