Canadian Over Share Price (COPL)

Unless they change radically and start doing things with more urgency I think you're probably right Bob !

Nigeria has most probably 'burned its boats' in attracting any furthur COPL type companies to its shores. Whi in their right mind would wish to put all their supporters through this torture again.Their endless delays make no sense and condemn Nigeria to being termed a" do not invest' cóuntry.

Jeez , feels like the Canadian side of things as of late .. tick tock tick tock... you can cut the tension with a knife .. pretty quiet

Rift cash is they key for safer investment in all natural resource explorers & near term producers. Given the combination of drilling/exploration pitfalls; regulatory issues; & volatile commodity prices - the most stress free investments are in companies with at least 3 years cashflow in the bank. Then you can sit out a lot of pain without dilutive placings every few months. It is always great to find a co like Chariot trading at a discount to cash like that 'almost' guaranteed a good return.

I quite like the look of LEK, the bad news is in the price & they have a responsible management team who aim to cut costs by 25% in the wake of a management misstep. If only other Nigerian oil explorers followed that fine example.

Hi Jiving, thanks. The Chariot investment was based on their MCAP being much lower than their cash, so all it took was one catalyst to spark it up and it doubled.

Sterling Energy is an even more pure cash play as their cash is $46 million and no debt or liabilities and £22 million MCAP there or therabouts.

It won't however rocket like COPL will when they announce their services deal which ccould land any day now. As someone said here yesterday, this is priced to fail but a Services Deal will bring world attention on OPL226 and COPL will booom and hopefully all the dilutions will pale into insignificance. So I've a few grand in here now hoping for 1p and will begin to claw bacck the cash i lost on it

But yes COPL is my last bet on nothing but potential . All others are now just cash plays plus potential assets that ccan turn a double