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Nothing is priced in yet - no change from cap out wannabe dilution ATM penny share - with potential - to producer with a fantastic proven asset having an exponentially increasing upside, cash rich and RBL in place to draw down from - awesome position.
Since Sep 1st:
"Oil Production at August 31st is 2,720 bbl./d (gross), 1,604 bbl./d (net) a 24% increase from the operations update on August 17th."
MF increase to maximum 10 MMcf/d
Topside improvement to cope with increased pressures
If linear relationship and 12% compounded growth per week?
36% in 3 weeks, could be 3700 bopd gross by now, but it will come in time regardless.
After costs per month is over $2m profit to COPL - covers debt payment of $440k p/m interest plus $1m of loan capital due from Feb 2022 - right now or very soon.
Once AM can Issue a RNS outlining this cash foundation, solid and increasing proven revenue coming in, ability to pay back debts with money left over - then we shall see, money talks.
So in the background:
increased WTI
NPV value of reserves increasing substantially
Increased rate of MF, higher pressures - increasing production beyond modelled curve
Fed deep testing will be huge if it flows - what horizons viable critical
Would be great if a deal could be done with the drilling company, drill for reduced rate = share of future profits for a set period or as agreed.
Horizontal drill costs approx $6m for 1 mile, $9m for 2 miles
Three drills in FD or CC for example, 2 mile long = $27m
Would use all cash on hand and big inroads into the accordion facility so probably not approved by the lender, but get a discount for these early drills before production ramp up?
Has to be worth a discussion.
Sorry wrong board
Bid offer is 5v1 so had some more. MM's got a lot of people panicking
Thanks Iron. I knew you'd appreciate that!! LOL
I would say its more to do with oil prices down 2 % and markets in general down IMVHO
NT again with Lloyds above 7K!
OMG. Lefkosia. I'd totally forgotten him. He was LB and Iron all rolled up in one package.
0.344p range looks to be holding ironhide, maybe bottom reached, in this cycle.
I know what you mean jiddy, lol.
Absolutely correct Brel, predictions are almost like a bit of fun, helps the day more exciting and keeps the board alive.
Fundamentals are strong and it’s not moving until it’s ready.
Please don't mention T Lines & candlesticks!!!!!
There was a poster called lefkosia on 88E, who did my head in with all that mumbo jumbo.
Not necessarily, just of late MREX have jumped to 0.40p
Big gap after MREX, yet once again they control the show.
0.345 500,000 MREX 12:26
0.375 500,000 SING 07:50
0.38 500,000 CFEP 11:52
0.38 500,000 FCAP 12:18
0.38 500,000 JBER 10:19
0.38 500,000 WINS 07:30
0.39 500,000 PEEL 12:14
0.39 500,000 SCAP 12:17
0.4 500,000 STFL 07:55
yes some one posted when we saw 4 x 2 dupes last week with exact same time stamps
the same flag sets as these latest two , that one element was based on mainland Europe so
that goes along with the same theory with your more defined Amsterdam
:))
prices on each set so far fit for a buyer
2021-09-20T08:54:37.000 GBX 0.355 20000000 71000 Off-Book SINT P LRGS ECHO
2021-09-20T08:54:37.000 GBX 0.355 20000000 71000 Off-Book SINT P LRGS ECEU
MIC code SINT (II dealing on own account on behalf of client) and Tradecho exchange (ECHO/ECEU), maybe some account swaps through Amsterdam?
GLA
Would not surprise being a private individual and a yank , the 3 month one I mentioned
was Magellen/Tellurian an American subsid of a world leading Major ffs that one was
Sept 2019 - 31 Dec 2019 reported on the 7th January 2020 if I remember and usually do
:))
TR1
The buyer/seller is responsible to inform the company of the trade and date that crossed a threshold
by MIDNIGHT on the day of that trade
Thresholds are initial 3% for UK registered holders and 5% for non UK registrations
Each 1% change in threshold above and dropping back down should also be reported (amgo 50%)
until buyer/seller has dropped back below a reportable holding
The buyer/seller is also responsible to raise form number (TR1 form) and send to the company
(no timeframe - old one did)
The company has only one responsibility to relay the TR1 form ASAP to the market on receipt
as said before if they hash them go up and down what ever and do not sent anything the company
can't send them as said in previous post no excuse he did it for 50 consecutive sessions 50 , 49 , 48
......... 3% and gone
Give them an inch and they take the **** lol
:))
Harry
said many times the TR1 system has been broken since 2018 the amendment was a ****up
and left them a loophole to exploit , pre 2018 always 1-4 days post have seen TR1 cover
weeks and months , worst one 3 months with a Tolkien write up covering an entire quarter
September 10 - 31 December
The new one had no timeframe in it for the TR1 so many now instead of sending multiple
rising and falling % send a one and done or a pencil whipped it all happened in one day
fantasy filing or as the are now back below do not bother at all
Perfect example on this share itself back in Mar/Apr? we had a perfect filing from Clarendon
Fund it as it should told a story
crossed 3% threshold on the 9th
Informed the company on the 10th
TR1 Relayed to the market 11th
at the same time Hadron garbage
date of all 3 the 10th dumped more than twice as many as the official TOTAL figure for
the Stock Exchange and also managed to get the TR1 faxed to Copl they would have
run by the nomad for release (takes time - how busy they are) and released by lunchtime
total pencil whipped toilet paper
No excuse as the founder of AMGO sold his half of the company 50% at 1% per session for
50 sessions and duly TR1 each and everyone the next day
:))
I think the seller must have MREX on speed dial.
Really surprised we haven’t triggered a TR1 event though, either they are not conforming to market rules or they are off shore and under the 5% rule? Still surprised given the volumes churned over the last couple of weeks.
Still sitting on my hands. Fair value will come, perhaps after the next RNS, who knows.
said earlier the pace of the first 2 hours was already looking like a 250-300m day
BUT
the bad news is we did get another UT on sked auction market start period 11 am
UT at 0.35p keeping it down here for now, fingers crossed looking for panic sellers
to feed more to the lurking buyer lol
:))
Good volume also, 125M was last Friday, we are already on 148M thus far.
Fingers crossed like last Tue-Thursday , keep us steady and on the rise if snail paced
until Arty lines the buses up for a 3 news items arriving at once not all buried together
with padding
:))
as we currently appear to still have nothing factored in for being a PRODUCTION company
with an asset worth over £200m and all metrics rising everyday
why on earth should the POO have any affect on COPL lol
:))
Quite right HFB!
FYI - 10 mins ago I could buy 75K and now only 15K before NT
only a short path from madness to genius and mine says I am far from mad
or was in my younger days lol
:))