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its canadian , its got oil , its close enough for government work as they say lol
Recon been following them with interest..
But as onshore perhaps not that relevant
They relinquished these
A Canadian oil firm thinks it has struck big. Some fear it could ravage a climate change hotspot
https://oilandgas.einnews.com/article/540091111?lcf=o536bytNoxnc9rnC7mvldRm3Ugvnj3GUmKrjuaSB4Vo%3D
Lucky omen perhaps lol
https://www.rigzone.com/news/canadian_firm_spuds_onshore_namibia_well-06-may-2021-165349-article/?rss=true
I think it was dormant....but is now ACTIVE. IMHO Namibia will be our new adventure in Africa.
Thing that makes it curious BB is the 2 charts pre and post group, it is not listed on the
current company set up but is on the new Group structure, if its been pushed of the
cliff , WHY list it within the group now ?
HFB I think Namibia has been a dormant COPL entity for a while a few years back they chose not to pursue matters further there due to geology. That stance may well now have changed and one would hope Art may have negotiated something as majors are drilling now. Exciting times,we could very soon have US producing assets, Nigeria appraisal and Namibia wildcat in play....all we would need to do is commit to contributing to seismic on one of many Namibia licences that are up for farm in and any success from a major drill would send this into orbit and all of a sudden 8p does not sound so silly.
and not forgetting the deal was a steal when oil $39 a barrel , now heading for $70
and beyond according to the experts, calling a new SUPER cycle
last one hit $163/$165 WTI/Brent with calls of its going to $200, before another series
of world events sent it spiralling to settle around $20, low was $12/$14 as I recall lol
Everywhere you look Copl Group has either production or exploration UPSIDE
return to market is just the beginning of the journey for this awakening beast
noob we Arty stole the asset for $2.18 per barrel reserves, the going rate in December
was $7.50, Cuda late April reserves report had theirs at $8.37, so pretty close to now
4 x the price we paid at a USA regional risk/NPV 10 Rating
so our in the ground valuation alone worth multiples of our MC on suspension, zero
factored in for ACTUAL production and revenues, as said by our peer group our first
target to match them MC wise is 1.75p - 2.25p
fingers crossed we quickly join our peer group and look to challenge the next group
that by MC for us would work out at 3-5p and the next block of peers sit 6-10p
production value added, a P/E at some point, has to have us up into those ranges
for fair value at some point in our journey to 15kbopd and still upside from the rest
of the portfolio
Think the new structure on that long update in Canada page 14? was it, also added
Namibia to our group structure , which is a little more than interesting, given trawling
the press. some near term drilling due this year, perhaps Arty's IN OTHER TALKS back
in December
Like all the Chinese big companies, CNOOC is STATE OWNED, so is part of the richest
company on the planet, they as a poster said earlier , can pretty much wait and do
what they want , until like squatters , physically removed lol
:))
sunshine , blue skies , time for lunch in the garden
Biden likely to maintain Chinese ban on investment in USA
https://www.marketwatch.com/story/biden-team-reportedly-likely-to-proceed-with-trumps-china-investment-ban-2021-05-06
"President Joe Biden's administration is likely to keep limits on U.S. investments in certain Chinese companies imposed under former President Donald Trump, according to a Bloomberg report on Thursday."
speaking of lunch
https://www.ndtv.com/world-news/us-president-joe-biden-says-us-must-invest-because-china-eating-our-lunch-2436680
"Biden said a new vision is needed, focusing on research and development, because "the Chinese are eating our lunch. They're eating our lunch economically. They're investing hundreds of billions of dollars in research."
Haha Noob, sounds about right. Would love us to get 100% here, especially whilst it might be cheaper to do so at the moment.
If we don't though, presumably our partners need to also fund some of the costs we incur to develop the site / portfolio?! Or in the case of CUDA, defer any profit share for however long...
Well luckyboy as someone who was in 88e for years and had written off my investment i can concur that the Stockwits/Reddit crew blasted the share about four times higher than i expected it to have been.I took my profit and ran,so yes if they too get a hold of this, a producer, then who knows!
Be interesting to get exact figures should be north of 2000 BOPD.
6-8 weeks on chart for prod ramp up - so april-may and trend established, great news for relist, timing planned.
on benchmark - its still conservative overall imo
- 57% WI assumed - AM must be active ito secure more WI
- no upside form further drill campaign planned in CC and fed deep which could be substantial
- PE 14 when peers are realising 28
- No Nigeria
Once we relist the gas flooding should be kicking in, production rises very fast, as per slide 17
http://www.canoverseas.com/wp-content/uploads/2021/02/COPL-Atomic-Corporate-Acquisition-Presentation-02-21.pdf
LEQ
I think that’s a reasonable expectation after a couple of years of progress. But will only get near that on realist if there is massive hype and ramping - it won’t be based on actual value. But then again, all sense appears to have fled retail investing many years ago, so who am I to comment! :D
I have to agree. I’m expecting 5-10p range SP.
Devilhawk, to follow up from Eddy's message, the numbers are fairly straightforward.
Zephyr are valued at $58m at the moment.
If you look at their earnings from BOPD output and add an amount for their oil reserves (using a fair standard), this gives them a price to earnings ratio of 28.
If you use exactly the same logic as a guide to value COPL *once fully producing at 10,000 BOPD*, but halve the p/e ratio to 14 to be safe, you end up with a market cap of $1.5bn, or about 6p once fully diluted. Of course, if you used the same p/e ratio it would be double that.
it would be nice to see 8p, and this is one of best BB and good nice folk who have invested and i would love see you all become rich, so come on ART show us the money ££££ x
Tiburn calculations are correct Devilhawk even with copl larger shares in issue compared to zphr. Another way of working out sp using the figures tiburn has provided is;
PE= SP/EPS, where EPS is earning per share calculated at profit/shares in issue.
EPS = 108million/17 billion=0.0063
PE of 14 then 14=SP/0.0063
SP=14x0.0063=$0.088
Add revenue from opl226 then who knows.
Have to factor in ZPHR only have 1.2 billion shares in issue suddenly 8p becomes much less unfortunately but still be a nice profit for me
If this gets to 8p There will be a few of us on here with a Rolls.