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"2400 bopd and more reserves is where I see increased sp value. No just happening out of thin air."
Agree. Copl now is valuated on thin air over assumed oil filed in the ground under - only and nothing else.
Nobody reads you anymore.
You don't seem to get it.
All bad things leave their trail which others wipe clean
CH
is the SP /mcap fair at this time? No its not as it was double this just recently with same shares in issue, same production level , same debt position.
Overall however we are saying the same thing, but in very different ways:)
Of course true fair value will only start to occur once:
CUDA secured
RBL
Discovery confirmed by RS
Frontier drills online
100% agreed and ive said the same just this morning - until then anyone that says £1 next week is not accurate - based on the facts in public domain at this time.
In time - yes, £1 and more is absolutely possible and expected based on these metrics - so is this not about the timing of when £1 occurs rather than if it will happen or not?
Past low valuations due to debt etc are a skimpy argument when the above massive value adding events are considered - the past is irrelevant with this news to come , so no point extrapolating these issues forward.
Well if you have no beef then that makes me worry about your state of mind as why would anyone want to waste their time constantly trying to be negative about a oil company - you make no sense imo. Why not get a life?
coplfudder 50% of what you concoct and post is about yourself.
who cares? lost any creditability long ago imo.
toodles
That poster is just a lieing boring parasite and not of the human race.
That saying all of us genuine holders on here would like to wish hodler the BEST of BAD luck in their life.
Beesty Stockport v bolton in 10 mins. Revenge lol
The debt Oiler is $45M plus the Bridge loan to buy CUDA. We have been receiving CUDA money direct to our pockets since March 1st.
We have circa £15M plus £5M in warrants. The RBL will pay for the high pressure surface upgrade.
The drilling campaign will start in two months with each target 800 bopd and we're drilling 9 9f these delineation wells.
In the mean time CUDA sign off and RS report are imminent where CUDA gives us a NPV10 of £300M
Copanober u have no credibility here , what credentials do u have for giving valuations of oil company? Let me take a guess - none
Say no more lol
My personal view is that the end of July is going to be a busy period.
1. Confirmation of CUDA deal and affirmation that we have not paid an outrageous sum.
2. CPR issued for our US resources
3. Note to markets confirming a hedging agreement for the CUDA oil (and in doing so, confirming the highly profitable financials of the expanded company.
4. RBL announcement.
I think it will be in that order and I think it starts in 2 weeks and will be all ran through in a 3 week phase so that holidays can be had by Art in August. Each one of these will have positive impacts to the share price - I dont need to know to what degree as I dont need the money imminently but I do want to see a close to this phase of our growth as we will then be in a very stable position whichever way COPL then proceeds.
GLA
NtD
CH
reasonable point made:
"If bopd predicted figures for the frontier fm are reliable, then why drill the Shannon (in the short term), as incrementally more benefit is from the frontier drills per buck."
Because BFU has vertical drills and Frontier horizontal - much cheaper and faster, average two weeks per drill.
They have also reduced in any case from 19 drills in 2022 to 9 planned , using their new Canadian drill.
Its a solid production level early, which then pays for Frontier drills later aswell.
Bottom line they are doing both as its cost effective and expedient to do so, also a regulatory Unit requirement as agreed with BLM.
My question remains:
Is this not about the timing of when £1 occurs rather than if it will happen or not?
Well coplfodder got my post removed - so as I thought you have no qualification for valuing an oil company so you opinions on valuations are useless information - so move along now there's a good chap
Duster, he'll be scurrying off to ask his Oily mate the answers as its quite obvious he's never worked in Oil. Has he actually ever worked anywhere? Lol.
Nice to see him getting owned by Tiburn. Rank amateur at best.
Seems delighted that half the posts are about him (they are not)
,but overlooks the fact that nearly all are slating him for the arrogant little twonk that he is.
PS. Domino's are hiring!!
Bolton this is on the stockport YouTube channel at 5pm which you can search.
I am so pleased we have got back to the football league after 11 years!!!!
Spotify I totally agree.
Coplenonought is nothing but an attention seeker,
He will say anything to get his fix of attention.
Afternoon guys, same old, NT for anything big and currently 16.17p to buy.
As long as you are in receipt of your COPL tickets, nothing to worry about and wait on news.
If you are worried, why are you here?
Go figure, lol.
Could it be that 50% of the posts are about him. Simply be because he writes 50% of the posts……about him?
Maths not my strong point. Have we got anyone on here who is a genius mathematician?…..anyone?
In my opinion the "gang of four" appear to be 'fronting' this whole controlling operation.
Somehow they've devised a method of making money most days from their Trading cohort . Until we get together to overcome them with our own trades they will continue until News submerges them.
All my opinion. Im6 sure they will claim total innocence
You decide
Bob I notice 3pigs posts has 40 + likes - if all that ticked up pledged to buy say £5k's worth of shares later today or tomorrow morning that would be a nice £200ks worth bought - that would probable get rid of any overhang or traders sell orders - they would be gone then?? Get rid of the vermin.
CH
You should know by now Im going to fact check all you say - especially when you quote me (wrongly) as justification for your de ramp - nice try - but fielded, I do appreciate the reverse complement of sorts :)
"As per Tiburns point, plenty has changed since the SP was double Capex requirements, revelation on debt defaults, argument with a twitter personality, more shares, more warrants."
What I actually stated was this:
"Is the SP /mcap fair at this time? No its not as it was double this just recently with same shares in issue, same production level , same debt position".
so on your points :
Capex requirements - outlined in presentation issued in April when SP was double
They have actually reduced spend needed by $36m for 2022 due to revised plans for BFU drilling, no oil facility, no need for butane.
revelation on debt defaults - this was outlined in Q1 and resolved in accounts as a one off payment of $1.1m - SP was double this at that time - not sure of the direct correlation of this to SP frankly but agree it was not good optics
argument with a twitter personality - irrelevant in the grand scheme and soon to be totally negated by news in any case
more shares - No placing since SP was double this
more warrants - adds to the COPL bank balance at a critical time.
3rd time lucky - my question still remains:
Is this not about the timing of when £1 occurs rather than if it will happen or not?
of course - right now £1 is not viable - but with discovery confirmed, a rolling programme of drilling Frontier, then £1 is happening, if you like it - or not.
I suspect not.
I would say now what you would say now Gold look at the market cap of ours equivalent and you will see that actually we are far better positioned than many!
As they say in cricket , look at the score book
that was to gold CH
however I agree that my opinion and yours are irrelevant
but it seems you are now agreeing that £1 is happening in time
Benchmark:
Touchstone Exploration
shares 211m
Production of circa 12000 boepd - gas and oil onshore Trinidad
Assets $140m
Liabilities $72m - have an RBL facility
share buyback scheme rolling
Great exploration prospects
PE ratio of 28
Mcap of £133m
Trinidad has higher tax regime, is not continental USA and has local relations issues
SP was £1 in March 2022
COPL has lower debt, similar shares in issue, every potential to match 12000 boepd within two years - its not a million miles away.
Why buy potential? Because of incredible scalability of it. And therefore shareholder value. Is it more risky?Maybe it is. People were buying Tesla on their potential,so as other shares...