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Might be this afternoon. Happy Thursday...
Oh well no Thursday news
‘.. And Nigeria has potential at least..’
Nice to see that the coffee is slowly filtering through.
Debt & it Could be described as AM’s Achilles Heel?
Fanny Mae & toxic banks hopefully being all in the past.
But, perhaps then gives an advantage in keeping the NOP onside, with respect to Federal Deep & other substantial developments..
More coffee perhaps.
PGF was flowing 18k BPD at a *negative* operating netback and was still valued at north of a billion. Why? Because the Lindbergh asset had a 2p reserves value of >$2B NPV10 (IIRC) and the capacity to produce at 50k BPD at very low declines thanks to the reservoir being very responsive to SAGD. With an asset life of 50 years.
The market likes potential. And valuable assets. Wyoming had both. And Nigeria has potential at least.
Just for interst, Gulf Keystone in KRG, MCAP around $361M with 210M Shares, of course far far less than us.... In 2020, average gross production at Shaikan was 36,625 bopd, exceeding the top end of the guidance range and the highest annual average production rate to date from the field. Planned debottlenecking works have increased PF-1 production capacity to more than 30,000 bopd and the Company expects to deliver average gross production in 2021 of 40,000 to 44,000 bopd. GKP continues its strong focus on safety which resulted in no Lost Time Incidents during 2020. Average daily gross production in January 2021 was 44,405 bopd, the highest monthly average to date from the field. GKP is well positioned to restart its drilling programme to achieve 55,000 bopd when circumstances permit
@tiburn absolutely. A few bits of luck in existing opportunities and we break into the billionaires club.
Was replying to a fellow claiming the only path to £1B MCAP was 100K BPD. LOL
re your point "Pengrowth had a MCAP above a billion at 18k BPD."
BFU by end 2021 - 7,000 bopd
Cole Creek Projected by 2026 - 3,500 bopd
Additive drilling BFU, Cole creek and the Federal Deep Unit - Assume conservative 5,000 bopd
West African similar gas flooding prospect - Assume conservative 5,000 bopd
Nigeria OPL-226 in production at the 60,000 bopd target - COPL share 9,000 bopd
Viable Production scale based on known intentions/capability = approaching 30,000 BOPD
CawCaw, I hope your wife hasn’t heard of the internet ;)
I was going to mention PMO weeks / months ago and the debt. The sight here is the potential, granted you could think that with anything.
I’ve been staying away from the board recently as things have gone a bit mad.
Pengrowth had a MCAP above a billion at 18k BPD.
@Kay what ever do you mean? Production counts, debt counts, sentiment counts, and most importantly assets count.
Like my wife, we have a pretty big asset now and it is getting bigger literally every day.
The stock market very rarely values a company historically, it always looks at its propects. Thats why once the deal goes through copl will be valued as if producing 7000 bpd as that is the plan.
"10p values company close to a billion. Is that possible not at this stage. Need to be producing 100k barrels of oil day for that to happen. Even tullow or pmo are not valued at that."
I'm not sure if this was your attempt at being sarcastic or if you've just never seen a company report, the reason those companies don't have a billion-pound valuation is cause they are drowning in debt and have to constantly restructure, just a couple short years ago both were valued well in excess of a billion, until the proverbial hit the fan. You aren't comparing apples and oranges, in fact, I think you just compared apples to a penguin.
totally agree with that and more cawcaw
Goodnight guys and gals, fingers crossed Arty likes another Thursday update
A few more hours
all the time that we've got
A few more hours
a financial jackpot
cos Arts rns'ing in the morning
ding dong at the bell
copl's gonna shine
pull out all the stoppers
rise, 52 week whopper
MM's get copl to a p on time
for christ sake get us to a p this time
@HFB confirmed and that's just the "deal date" potential value.
Following a full Atomic acquisition would be :
Q4 2020 financial news including 100% of Atomic production hitting the books as of December 1, 2020 (Holy fook)
RNS about production now
RNS about production following increased Miscible Flood
RNSes about pursuing CNOOC and other NOP interestes
RNSes about infill drilling program to fully exploit the resource
...and that could potentially be in the first 90 days.
So yeah, 2p on March 15 news would be delightful. Might be a little more, might be a little less.
Whatever; who cares. The real magnitude of the transaction will be revealed to the market at the end of March when the financials come through.
Then the excitement building can start in earnest. That's when I see actual sentiment potentially being introduced.
@HFB all the best to you and yours.
old swingers never stop swinging the swinging 60's where great
so i'm told , can't remember a lot of it for various reasons
An anonymous sage once said, "A rusty gate keeps swinging"
So, keep swinging bud ! (not the libidinous option)
2p is the current target party, true value for Atomic at current oil prices (£200m)
The market rarely if ever gives full value, hence offers when they come in are way
higher than market cap and the buyer is getting a bargain
but could grab some extra back with imminent movement on OPL and planned
increase of Atomic production from 5k to 15k bopd
so 2p 200m not the most taxiing of targets
ukog hit 450m+ on the back of one well and a plan for multiple wells FFD 6K bopd
So again not a taxing target for copl's future and current assets
Shaa your L2 data is very useful keep it coming. :)
‘Are the parties talking about the share’...... sadly I’m not fluent in jibberish
it is what it is rolling, as they say life's to short and youth is wasted on the young
10p values company close to a billion. Is that possible not at this stage. Need to be producing 100k barrels of oil day for that to happen. Even tullow or pmo are not valued at that.
You first, what research do you wish to share ?
Are the parties talking about the share. I don’t think they are. Let’s get back to the real stuff which is research about the share.
many call me that already Shaa , so all good, call me what you like
rhino hide so very hard to upset lol