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Duster, he'll be scurrying off to ask his Oily mate the answers as its quite obvious he's never worked in Oil. Has he actually ever worked anywhere? Lol.
Nice to see him getting owned by Tiburn. Rank amateur at best.
Seems delighted that half the posts are about him (they are not)
,but overlooks the fact that nearly all are slating him for the arrogant little twonk that he is.
PS. Domino's are hiring!!
Well coplfodder got my post removed - so as I thought you have no qualification for valuing an oil company so you opinions on valuations are useless information - so move along now there's a good chap
CH
reasonable point made:
"If bopd predicted figures for the frontier fm are reliable, then why drill the Shannon (in the short term), as incrementally more benefit is from the frontier drills per buck."
Because BFU has vertical drills and Frontier horizontal - much cheaper and faster, average two weeks per drill.
They have also reduced in any case from 19 drills in 2022 to 9 planned , using their new Canadian drill.
Its a solid production level early, which then pays for Frontier drills later aswell.
Bottom line they are doing both as its cost effective and expedient to do so, also a regulatory Unit requirement as agreed with BLM.
My question remains:
Is this not about the timing of when £1 occurs rather than if it will happen or not?
My personal view is that the end of July is going to be a busy period.
1. Confirmation of CUDA deal and affirmation that we have not paid an outrageous sum.
2. CPR issued for our US resources
3. Note to markets confirming a hedging agreement for the CUDA oil (and in doing so, confirming the highly profitable financials of the expanded company.
4. RBL announcement.
I think it will be in that order and I think it starts in 2 weeks and will be all ran through in a 3 week phase so that holidays can be had by Art in August. Each one of these will have positive impacts to the share price - I dont need to know to what degree as I dont need the money imminently but I do want to see a close to this phase of our growth as we will then be in a very stable position whichever way COPL then proceeds.
GLA
NtD
Copanober u have no credibility here , what credentials do u have for giving valuations of oil company? Let me take a guess - none
Say no more lol
The debt Oiler is $45M plus the Bridge loan to buy CUDA. We have been receiving CUDA money direct to our pockets since March 1st.
We have circa £15M plus £5M in warrants. The RBL will pay for the high pressure surface upgrade.
The drilling campaign will start in two months with each target 800 bopd and we're drilling 9 9f these delineation wells.
In the mean time CUDA sign off and RS report are imminent where CUDA gives us a NPV10 of £300M
Beesty Stockport v bolton in 10 mins. Revenge lol
That poster is just a lieing boring parasite and not of the human race.
That saying all of us genuine holders on here would like to wish hodler the BEST of BAD luck in their life.
coplfudder 50% of what you concoct and post is about yourself.
who cares? lost any creditability long ago imo.
toodles
Well if you have no beef then that makes me worry about your state of mind as why would anyone want to waste their time constantly trying to be negative about a oil company - you make no sense imo. Why not get a life?
CH
is the SP /mcap fair at this time? No its not as it was double this just recently with same shares in issue, same production level , same debt position.
Overall however we are saying the same thing, but in very different ways:)
Of course true fair value will only start to occur once:
CUDA secured
RBL
Discovery confirmed by RS
Frontier drills online
100% agreed and ive said the same just this morning - until then anyone that says £1 next week is not accurate - based on the facts in public domain at this time.
In time - yes, £1 and more is absolutely possible and expected based on these metrics - so is this not about the timing of when £1 occurs rather than if it will happen or not?
Past low valuations due to debt etc are a skimpy argument when the above massive value adding events are considered - the past is irrelevant with this news to come , so no point extrapolating these issues forward.
Nobody reads you anymore.
You don't seem to get it.
All bad things leave their trail which others wipe clean
"2400 bopd and more reserves is where I see increased sp value. No just happening out of thin air."
Agree. Copl now is valuated on thin air over assumed oil filed in the ground under - only and nothing else.
Just wondering why you are here? Obviously have a beef with art?
Sp not a fair reflection on actual asset Value, that will come soon enough, it is however at a great level for Buyers who have the cash available in a recession market, happy with the ones i have taken of the table today at the 16p levels
GLA LTH Next buying inflow , when the GKP Divi drops into the accounts
yes i do understand mcap is the true measure , but the question was on fair value of the SP
The current mcap value isnt reflective of true value either in the slightest.
Sorry gold lol
Yes but now have Cuda and new discovery so your irrelevant iron
Certainly not fair value if Cuda in the bag, RS Report half as good as expected and RBL is secured.
Market just wants proof of all the above and rerate will be well underway.
Then as new drills occurs and production uplift then will rerate yet again
CH - your condescending attitude is showing, just give you a moment to tuck that back in.
I would ask you the same question - do you think the SP is current value is fair and why?
This is ridiculous SP from my perspective but I do understand why - the market does not do "potential" but deals in absolutes confirmed 100% , long periods without news cause sales - causing others to sell with a perspective there is an issue, when there is none - Trolls then fan these flames and sow confusion - this is where we are now.
13 days to Go Go Go
I don’t think the current value is fair at all. Because it’s not.. but how many shares at some point have not been fair value.. most of them!! it’s just basic.
Arts no fool, we know he’s bought in a specialist and likely the RS data + Cuda ( as an initial cash flow safety net ) are keystones in securing better finance and will be top priority, especially with sustained Oil prices.
In his shoes it would certainly be my priority. Absolutely certain this is being pushed and worked on as we speak and expect to hear more on it in the coming weeks, months.
Im also pretty sure production will soon increase though equipment capability and pressure always worry me until resolved. But the team are experienced and the best decisions will be being made I’m certain. Art is quite strategic and resolving these issues may well be linked to Cuda timescales.
Just hope we don’t have to have a placing again, at least not before forming a much higher base.
Pivotal moment here.
Yes , Tilburn, COPL could take off as soon as any of this news starts to leak out to the Market, we seem to be at a stage where there is no doubt a lot of negotiation going off in the background for several weeks now,
Would be Super news Breakthrough if Ryan can get the RBL finance deal completed before the CUDA or Ryder Scott report comes out, maybe this is what they are working on, and the RS and Cuda details are well known to the RBL team.
GLA LTH Would put a rocket under the Sp, imo if this was to happen. not many days left to find out ??
Hi Tiburn - as ever the voice of reason in a sea of insanity!
"Until CUDA secured, RBL in place, RS report issued and Frontier drilled and online, the SP is unlikely to move north , the longer it goes the more a perception sets in there is an issue - when there is absolutely none."
COPL are aiming to get CUDA over the line by 11th July, but that is not a definite. The dearth of steel tubulars, may mean that the FD horizontal is delayed.