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The fact that Art cannot present for toffee is utterly irrelevant to the SP. If you want a CEO who can present regardless of fundamentals then you will be disappointed here.
Separate the actual [presentation from the content of the presentation - two totally different aspects - one surely would only invest in the content rather than the shine anyway.
He seems refreshingly down to earth and confident in his style (not everyone's cup of tea) but either way the content of his communication (about as far from flash b*****ks as you can get) is there is shed loads of oil, we can get a good loan facility, so we can get it out of the ground in the autumn and we have secured an even greater WI. What is not to like?
Onwards and upwards
Knit one, purl one
It's 'sow', you knit
You reap what you sew
I have just listened to the presentation and it gives me nothing but confidence in this company.
Have heard much worse but think we have a good crew at the helm and will not be parting with any of my shares.
Any newbies, listen to the presentation and make your own judgement and don't believe these condescending idiots so make your own mind up if you trust the presentation.
GLALTH
CH still talking to yourself whilst desperately trying to make a friend, any friend?
What, no takers again today then?
Everyone must find you a complete fraud to continuously ignore you.
Why do you think that's so?
Lots of intelligent, communicative people on here, with their own minds, all choosing to ignore you. How very belittled you must feel.
Oh, and the fact that you are an onerous **** probably doesnt help your case.
Hope this really, really helps
PS. A thin crust Margharita for table 2.
I dont think we should be discussing Valuation just yet, when the Cuda asset is totally in COPL control and the Resource update is out, there will be Many!!! Valuations banded about, however we all know its many multiples of current SP,
in a couple of weeks or early July we should have a much better idea,
GLA LTH a Little Patience required here while the Sp gets played , imo
A function of gradually learning more and feeling confident enough to post something useful. Plus got COVID today so not doing much proper work...
Strange you have plenty to say now
"By their fruits you will know them"
panamabob - Full disclosure, bought in from Jan. Now at just over a million shares, c. 27p average. Half to be held for up to a year, half for the long-term. Reading the board only until couple of weeks ago.
TH1973
Take all on this board with a pinch of salt and DYOR.
However, just to end on a positive, and not to put you off looking and commenting at the board (which I still find useful), my speculative punts are:
- hits 30-35p again following RS. Might then drop back into 20s.
- Moves past 40p if and when RBL is in place
- 50p-80p by Christmas if all the production targets are hit and oil remains in excess of $80/barrel.
So big profit to be made, even over next 6 months IMHO
Coplholer,
As you say, we shall see.
I'm expecting an overall OOIP for each horizon and within that a reserve/resource split. It may well 'jive' with COPL but OOIP is of limited value
I doubt RS classifies anything much beyond the known/revised production areas as reserves...the rest is resources.
Pity BFU isn't being revised/revealed....Investor Presentation shows previous westerly bounding fault to have been removed. The fault had puzzled me, even as a Driller, given tops at 41-18V. Plus, COPL's drilling plan includes wells around 14-30V with Shannon pre-drill ~5500ft. Why do this if Shannon was not in communication ? If so, BFU is somewhat bigger...interestingly Atomic had planned a well SW of 14-30V where COPL has a proposed 2022 well....maybe we have to wait to see if they actually drill it and/or Apr '23 annual reserve update ?
I'm such a cynic. I could swear a little voice in my ear is telling me THEY are now going to query the yet go be announced RS Report.
You have to smile
Looking good Bolton.
By the way when you asked me the other day about COPL BOD still being in a closed period.
“Yes they are closed (the whole BOD) as there are two many other things other then CUDA going on”.
Speak soon.
Blue blue blue
Nt nt to buy
Large holding HH. ? Where have you been til now? Hmmm
HH - once the discovery is confirmed we will start to re-rate accordingly.
It may take several years but once we start to make pilot drill and confirm it - then that is going to be someone else’s problem as the combination of light oil on friendly land will be too tempting for a major.
HH1983 whatever.
All I will say Bolton is that in an interview the Ryder Scott guys picked up on two positive things out team missed….. Well shaa so what your saying is the two positive things are 1 billion each so total 3.6 billion barrels in total lol
To be clear, I have a big holding, held for the medium and long term. So I want the report to give the share price a boost. I'm just not interested - nor should any LTH be interested - in a short term spike.
TH1973, nmike & ors - Art has made clear several times that the RS will not be a reserves report. It will be a resources report.
The difference is that no 2P reserves (that is oil with a better than 50% chance of being commercially extracted) will be booked as an asset (or if it did that would be a huge and unexpected bonus).
A small number of 2P reserves were booked from the discovery well in annual report (tens of thousands from memory). What will book more oil - and properly push up the share price - are the delineation wells, which should (if they flow) give sufficient data for 2P reserves to be booked.
Important to say this as:
(a) People should not be disappointed when the RS report does not book 2P reserves or lead to "£1+ per share". That only undermines longterm confidence; and
(b) It is not correct that the report will show that 900million barrels of oil are coming out of the ground. What it will show (hopefully) is that, as announced, there is well over a billion barrels of oil in place (OIP), of which there is a good chance of banking some hundreds of millions of barrels as 2P, subject to further work over the next few years (not months or even a year).
All I will say Bolton is that in an interview the Ryder Scott guys picked up on two positive things out team missed…..
Imagine if Arthur and his team have got the new discovery wrong and it was 2.6 billion barrels lol..
Beesty - green box brigade are not part of the COPL Family and it’s probably getting to them.
Wondered who the green trash box was.
Pity they didn't break their arse as that's where they talk from.
GLA Genuine holders.