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How low can this go cud it hit 10p
Maybe it can sh*tface,but it wont
Won't hit 10p and 8 trading days left till the 18th any day now or hour
Well not a lot of interest no trades at all today so far . With all the apparently great news coming soon people would be loading up... IMVHO
I have lol 600 qid at16.15
Have it
Sorry 3 trades and sells and down we go come on Art you fart give us something to smile about thi is getting depressing .
15.86 to sell ,and 15.89 to buy.
Here they come - always a good sign lol
Well Im in with an 18p avg which thought was good .. obviously not ....Art the fart needs to give us something to smile about been to long now with this silence . Pathetic in fact.
Morning Lovelies!
I'm wondering why 88E are up over 10% and have a m/cap of 83M. And if it is possible could The Four Horsemen of the Apocalypse and their minions please move there and leave us COPLERS alone. Give them some grief and shi.. I mean smelly stuff!
Eagerly waiting for lots of good news. I cannot wait a minute longer!
Off to enjoy the beach and listen to a bit of Wimbledon (that's the Tennis and not the Wombles Ha! Remember them?)
Art
Even more depressing and pathetic that dog of a stock NNN is over 100 percent up since yesterday. Switching this off going to take it out on some golf balls . GLA
I’ve said it before but once we have rebased to fair value then switching to the fully automated SETS System away from the current SETSqx where the MMS manipulate the SP will do this stock the world of good and introduce some stability.
The expected growth in SP will be welcome on imminent key news , but what is far more important is the direction of travel this signifies - towards solid foundations.
CUDA secured is a material addition to the reserves, provides 500 bopd at full WTI price.
Even if COPL did nothing else, this gives them security and a solid profit making position - over time they could pay off the debt, they become a believable going concern and significantly reduce risk perception.
However, COPL will not stand still as CUDA allows for the standard industry means of financing drilling through a reserve based lending facility with a revolver - they drawdown and pay it off through production revenue once wells are online. According to AM they have had unsolicited offers of finance - not all parts of the market are so bearish on COPL future prospects as the current SP may suggest .
After that is just scaling - phased drilling campaign and steady growth.
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.
Benchmarks with other poor performing shares in entirely different positions is just negative mantra - ignore completely - COPL have oil and lots of it.
Frontier and Dakota is not all or nothing - they have offset well data, the discovery drill in August 2021 confirmed 246 feet of oil bearing sands, recovered oil for API testing , its in production already in multiple locations in PRB, Dakota is in production right now for COPL:
RNS:
"Oil discovery at the 100% working interest Barron Flats Federal Unit (Deep) exploratory well expected to open new field developments. Six oil bearing sands totalling 246' net porous sand intersected."
"Oil was recovered from a Frontier sand by drill stem test at a rate of 150 bbl./d from a well drilled in 1982 (discovery well for the Shannon Field) approximately 3.5 miles to the east of the Discovery Well location. This confirmed oil-bearing sand correlates to one of the oil-bearing sands up dip or structurally higher in the Discovery Well. "
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.
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 ??
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.
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.
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.
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
Yes but now have Cuda and new discovery so your irrelevant iron
Sorry gold lol
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.
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
Just wondering why you are here? Obviously have a beef with art?