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Come on Art let's be having that Prospectus. Things are starting to drift
Let's be having a nice red dot in the morning arty no farting around get it done haha.Gla.
https://www.ripplesnigeria.com/national-assembly-to-pass-pib-in-may-lawan/
https://guardian.ng/energy/oil-majors-earnings-improve-on-rising-prices-demand/
Biden done a deal with opec to limit shale production, opec can crash the market as and when they choose, just like they did, shale has been capped for now, first a knee capping by opec and now a cap from the boss of the mighty US of A
Wyoming got the jump on an expected Biden victory and what would come
back before the election they pre approved the drilling of 5000 new wells
across Wyoming, so as Art has said we should be fine, be a long time before
that 5000 available slots filled and at the moment we only need around 30
lol
:))
Also Wyoming one of the States in the process of suing him, think the Senator stated
something like 80% of the states revenues come directly/indirectly from the industry
so they will not be backing down, unless he would like to donate the funds required
to support the whole state of Wyoming through a transition to something else ?
Brock, you can't get a much more pro oil nation than the US. Certainly not outside the Middle-East or Russia, which are less sound investments for other reasons. As Wacca says, Biden may well continue to push against new licences and permits on fed land for political and genuine climate reasons, but he will be very aware that he needs to balance the economy and the climate challenge.
Oil & gas is definitely something we need to be cutting back on as a principle, but there are no viable alternatives anywhere near ready yet. It is decades away before an alternative takes the lion's share of energy use. For the next decade at least, I would expect oil and gas use to keep increasing. Most big hitter analysts (Goldman Sachs etc) think max energy use for oil and gas will be reached in about 2030. So until then, the world needs to produce MORE than it ever has. The drug is difficult to get off.
https://www.eia.gov/outlooks/ieo/pdf/transportation.pdf
I’m not the most educated when it comes to oil & gas but I’ll say one thing,if Biden try’s to change it quickly,America comes to a halt!!! the infrastructure is not there to stop using oil at the moment
Re: Risk Factors, I meant it a bit tongue in cheek as my eyes were wide open when I invested here. This is my biggest investment and I am hoping to hold long term. Amongst the 20 pages of risks the one that stood out for me was "change to US policy". I think that must be a relatively high risk, anyone have a view on that one?
I actually work in the o&g industry and the last 5 years of low oil prices have actually been good for the company, although my bonus and pay increases has been lackluster compared to the good old days.
Reducing costs and being commercial is now a priority. There is now less compliancy in our industry then there was when prices were at $100. So there is an upside to a lot of these risks.
I'm not personally a big fan of drilling for oil in Africa but Nigeria is a god send for most companies established there.
I look forward to what is coming our way and I sleep well at night knowing that.
The risk factors are in all companies notes based on sector and environment
so by that notion you should give up all shares NOW
There is a risk each day, going to the loo for a two, almost as many strain themselves
away each week as die from walking about the streets and dropping with a heart
attack or stroke
But your not going to give up going for the daily dump are you, so likewise do not
dump the shares lol
:))
You say that Jade, but I bet you hadn't realised this one...
Crude oil and natural gas are commodities that are sensitive to numerous worldwide factors, many of which are beyond the Group’s control.
I hadn't realised that COPL didn't control all factors relating to the price of oil and gas. Suddenly I'm super-nervous about my investment. I should have invested in one of those other companies that doesn't have this horrendous risk.
Thanks for the nightmare Brock.
/s
Come on... The risk factors are not that bad. Atomic is going to give us positive cash flow in 2021. Great year for COPL.
Spoiler Alert - If you like to sleep at night skip over the section marked "Risk Factors".
lol the original finally turned up ;((
Patience, that blending of moral courage with physical timidity
Patience, that blending of moral courage with physical timidity
Nice spot HFB.
All will fall into place and shareholders will reap rewards but PATIENCE required.
The man and his plan
In order to execute its strategic growth strategy, the Group plans to:
exploit management's experience at finding and investing in high return exploration, appraisal or
development opportunities focused primarily on oil
continue to evaluate opportunities on the West African Transform Margin, similar to OPL 226
that are focused on oil trapped in the Late Cretaceous sandstone reservoirs – as some parts of
West Africa are relatively lightly explored via exploratory drilling, management is of the view
that this has the potential to offer high reward for large, undiscovered oil and gas deposits
partner with other African operators to explore for, appraise and/or develop properties, in
particular with respect to its existing interests in Nigeria
enter into joint ventures, with entities such as Shoreline, in an effort to diversify and balance its
asset portfolio; and
target desirable exploration and development prospects that contain similar seismic and
geological characteristics of nearby existing discoveries or producing fields.
The Company’s short-term operations will focus on:
continuing production in the Barron Flats Unit and the Cole Creek Unit.
increasing gas injection at the Barron Flats Unit
re-completing up to 17 existing cased wells in the Cole Creek pool to increase oil production
drilling two to four new wells in Cole Creek pool
drilling of horizontal proven unproducing development (PUD) locations in both the Dakota sand
and Frontier 2 sand that was mapped by Ryder Scott at Cole Creek
progressing the OPL 226 project in Nigeria; and
evaluating new opportunities available in Africa and in other jurisdictions.
other jurisdictions, hmm would that be Namibia on the new Group structure apage 14
https://webfiles.thecse.com/sedar_filings/00021327/2105050951544144.pdf