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So Nov 15th it is.
Cuda been cycling the gas, from its own drilled wells since the lower level
injection began in late 2019
:))
He kept that sneaky bit til the end. We're going after that 27p cent. Obviously Cuda. That's what's really holding back the RNA
Shouston
for what we know about , the no immediate tap of the market is quite true
we had a healthy bank balance , mezzanine finance and growing revenues
all now depends how much or LITTLE , he needs to use to obtain CUDA , as said
before imo he has a position of strength , to sweetheart deal the CUDA bod and
Creditors separately , both come out smelling of roses (no losses/ still have a
piece of the pie) and COPL the long term bigger winner in the deal
:))
I was thinking the same, closer to 15th the more the SP will rise.
MMMMMMM so if this is true peeps will be buying in before the 15th and hopefully the sp will rise accordingly before the rna.
Good job it's payday for me next week as I will be topping up.
Nice summary Bob, Shouston and HFB.
CUDA still very much on our radar.
Gas not flared. Recycled and used again and again. Arthur the Green
no one else has 27% lol
:))
wonder when they lost the extra 3% ?, the original rto they did and the broker note
i posted earlier had them initial purchase 30% for $48m in 2018
He looked knackered. But said the right things. IMHO
Flooding back on track.
Going after Cuda WI.
New deep discovery, figuring out which vein to, 'tap first'.
Self funding.
Not going back to market... (hmmm)
Plenty of scope to further develop our licences.
Just need formalised news.
Yes mid November could be a great starting point.
Self Financing. No more "going to the Market" Great
$10 a barrel, is quite possible , the more you produce , if you already have the infrastructure
in place to get to market, the cheaper it becomes per barrel , until you move your own
goal posts, more equipment required , enlarged workforce etc
:))
So Nigeria still a goer, new discovery could be massive, Atomic producing more, results 3 weeks Monday.
What is not to like!
AM snook in the comment of working to acquire another 27% of the field. Presumably CUDA
Bob
have said for a long time , one Art can't be blamed for, Nigeria all down to Nigeria
and its inability to keep their regulatory body functioning , while awaiting the
PIB/PIA to give clarity , many expired , awaiting extensions long before we did
last year.
Essar have a cracking 21 well program sitting in the wings , just need that green
light and Nigeria becomes bigger than Atomic in terms of known reserves, until
Arty spills the beans with a Wyoming update
But Nigeria with 4 discoveries across the opl226 license and the 21 wells just on
the first of them, its a potential monster, aiming at FFD 100,000-200,000 bopd
at 5k-20k per well , from a suspected 1 billion+ barrels OIIP across it yummy!
:))
COPL ,has always been and continues to remain WAY UNDERVALUED
Note to Diary -15th NOVEMBER 2021 !!!
and only RNA messages move the market , ya might want to mention it to him
as you hand him a pen and get the juicy bits of the interview flashing on rns
:))
14:28 welcome aboard poster YellowJerseyPR
where have you been hiding all year
:))
All good. I was happy with that interview
The new discoveries much more than what we have
https://youtu.be/qw8AUHhpj5k
well i'll go to the foot of our stairs
something with YJ footprint on it lol
:))
Pleased to hear Nigeria still very much in our plans
Happy with the interview ‘this time next year production substantially higher’.
Key here is patience - only ones worried will be the traders.
All good.