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Lol...
"walking dead to, going concern", top line from a top man.
Glad to see some genuine excitement amongst posters. Hoping rumours are true, and we relist imminently.
End of year sounds about right for max value from this share..providing we stick to or improve upon the rate of incline of production.
Good luck
So has the Telegram taken us for a ride or is there still time?
dam, forgot about the alimony factor lol
:))
as said a few times be disappointing, if we do not after the expected profit taking and sell off
then recover and rise to meet our peer group listed on the London Exchange by Market Capital
first target group 1.75p - 2.25p based on our share base applied to their MC's
The only one's below that are all low/very low production 3 legged donkey's like ukog lol
:))
Locked and loaded in anticipation of typing “1p paid”
Hope you've stocked up on vaseline and swarfega and installed a fire suppressant
finger sprinkler system as recommended
Your poor little digits could be like lord of the rings
a red day a sore day but copl will not fall this day but your fingers may burst into flames
the first week as profit takers and warrant dumpers do battle with buyers , hopefully
REAL sticky II's joining Clarendon fund for the Journey , not just the spike lol
:))
Excellent HFG - my fingers are itching.
Monday 26th Results published in the nick of time, low flying pigs noted over Wyoming
Tuesday 27th Supplemental prospectus number ?? with awaited results submitted
Wednesday 28th FCA approves prospectus at last (supplemental 1-5 day response)
for stunned holders ,it's top of the list https://marketsecurities.fca.org.uk/
Thursday 29th We have a firm or provisional date for Copl Group arrival to trade on
the exchange https://www.londonstockexchange.com/live-markets/new-issues
Friday 30th Arty finally remembers what an RNA message over RNS is and tells us
mushrooms, what we found out on Wednesday and Thursday ourselves LOL
Canada explodes, in the aftermath of such devastation, Caw-Caw elected President
and announces nationalisation of all Canadian companies , rewards all long term
holders and himself with a mandatory purchase order for $5 a Copl/XOP share
IF only Carlsberg did a week in Arty's shoes LOL
:))
Yes CC that is a good read and few will disagree.
The q1 results most importantly signal the start of the real journey. The relief and excitement will be palpable.
Hope the soundproofing gave you a great nights slumber. Lol
Great post. Agree 100%
There’s also the fact that if Q1 results match what was estimated, then Art’s other estimates for miscible flooding will be more reliable too. Hold tight.
I actually think that the Q1 results, as modest as they will be, could be transformational for the stock.
The reason is that there has been approximately zero uptake in North America on this stock, despite high demand for oilers right now.
I think what is holding us back is that an "oil company" with (apparently) no PUBLISHED production, assets, sales, earnings, or operations can be rounded to zero in the mind of a NA oil investor.
You English seem to be more willing to throw money at the oil startups of the world, but Calgarians and Houstonians know that shops like that are a dime a dozen here: Every out of work geologist can pick some tops on public logs and make a slide deck about where he is sure he is going to find the next big strike. (Almost all of them go nowhere, due to the law of the jungle.)
Right now today, despite 234 days of owning what we have been told anecdotally is a really good and producing asset, we are *listed* as having nothing and being nothing, financially and operationally.
This is only because no regulatory filings have gone in showing Wyoming yet.
If you look our financials up in your DD platform of choice right now, we have no assets and no sales. No PE. No balance sheet to speak of.
Our published accounts register the same way as the accounts of an unfunded bitcoin startup -- apparently just a handful of people working mostly from home with what they think is a killer plan, burning investor cash and hoping to come up with some way to make money before the credit card maxes out.
I think this means investors can't do proper DD, algos and quants can't calculate a target SP, etc., and therefore ultimately very few shares trade hands.
Because almost all information known about "the new XOP" is still mostly conjecture, based on anecdote, due to the delayed filings.
This forum is a perfect example: Passionate people spending tens of hours per week each learning everything they can about the company, and still zero of us know for sure what the basics are -- production, netbacks, cash flow, hedges, debt position, cash position, liabilities, assets.
IMO the day that Q1 is filed here would be the day our public financial disclosure converts our (apparent) status from "walking dead" to "going concern". Even though we, here know that that happened on December 16 of 2020.
Again, oil investment appetite on this side of the Atlantic is very large and investors are flush with COVID printed cash.
North American oil watchers are very well aware of the value of 30MM BBL of light sweet crude in situ giving domestic, onshore, first world production. In a going concern company making great netbacks and teeing up a fcking 30-well infill program!
Last piece of the puzzle in my mind is opening the kimono. As happens when we file Q1.
That's what I hope, anyway
If I were you I wouldn't get too hung up on any of the early quarterlies. The acquisition has an effective date of 1st Dec 2020 and will be contributing since then. However even Q2 will be modest compared to future production as increased injection rates only started in April, they'll only really be impacting on production by June. So I wouldn't expect anything too dramatic in the Q2 report. As Arthur suggested it takes 2-3 months after injection to see the real impact of that. There will be a large leap in NAV now that the assets have completed and COPL are sitting on circa 30mmbbls of light oil, moreover for COPL to record its first production is a milestone in its own right.
Q3 will be much more interesting though, not just from the relist point of view, but this Q we should be seeing the real impact of the increased flow rates and cash flow for the full Q, not just the pressure in the reservoir building up to June. Also thing with the small NOP should come to a head this Q, will they find any more generous lenders or will it finally be crunch time. I'm not expecting much drama from the Q1 or Q2 reports, its what's happening now or shortly after listing is where the start of the real action will be. From NOP interests, CNOOC, 226 and possible new EOR project its not going to be dull but its very much only the start of this journey.
Regards,
Ed.
HB yeah Q2 is when the fun starts here, from the increase in production to the rise in WTI, its all to hold for here
cawcaw would have to agree I dont think the BOD would give a timeline, as I dont think they have one.
Art emails containing timelines are obvious fabrications.
As has been shown in the past when such “insider information leaked directly to me by the CEO” did not prove out.
The medium is the message.
(Reminds me of the poster in Fox Mulder’s office. “ I Want To Believe. “)
Actual facts are that the MCTO expires Monday. So Q1 yet again due by end of next trading session, otherwise we yet again risk suspension.
Whether it happens is anybody’s guess. Here’s hoping.
Fair comment Hawks. All we can do is wait and see how this plays out. But I believe the 10 days are now up so the timing is pretty well spot on.
However,we've all been here before so it won't be a shock if this is yet another damp squib
mannnan I dont know, have the FCA approved the prospectus, because until then this is not going anywhere and nothing will be submitted in Canada, and as I have said before dont get to excited on the Q1 results
Busymum
So when do you think relisting
sorry mine is not that email though lol
Sat on 20 million decisions decisions
have said put up an email and i am happy to forward them
but? where did that come from..
to buy
Just waiting for the off. Expecting an opening of 1.2p to 1.5p , but that will be small change.
Come on Art, turn the COPL lights on.
Funds are now ready to snap more up, as those impatient holders sell early to free cash and make some smallish gains.
It will be time but and line it up for a nice bumper Xmas / New Year bonus.
Countdown has started for the end of July.....
C.
If this turns out to be true then NOBODY but NOBODY to will be listening to you lot
end of August IMO for actual relist. I just wonder if the fat twa* will come back with another placing having burnt through £13m, it wouldn't surprise me.