Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Sorry i didn't put Syn's pick it was cine.
Well done to everyone for giving it a go.
BoJo
agl 119 116 -3 -0.025210084 -2.521008403
sclp 20 18.5 -1.5 -0.075 -7.5
redx 86 81 -5 -0.058139535 -5.813953488
Ihowells
sng 208 203.06 -4.94 -0.02375 -2.375
sav 4.35 4.35 0 0 0
gdr 43 19.5 -23.5 -0.546511628 -54.65116279
John
shg 8.1 7.08 -1.02 -0.125925926 -12.59259259
oex 0.16 0.19 0.03 0.1875 18.75
evgo 9.93 7.46 -2.47 -0.248741188 -24.87411883
Nolupus
brh 34 18.5 -15.5 -0.455882353 -45.58823529
lys 1.92 1.62 -0.3 -0.15625 -15.625
iqai 6 5.87 -0.13 -0.021666667 -2.166666667
sun
sng 208 203.06 -4.94 -0.02375 -2.375
gdr 43 19.5 -23.5 -0.546511628 -54.65116279
odx 27.5 10.65 -16.85 -0.612727273 -61.27272727
syn
cine 31.9 37.86 5.96 0.186833856 18.68338558
thg 229.2 126.5 -102.7 -0.448080279 -44.80802792
sng 208 203.06 -4.94 -0.02375 -2.375
xv
iqai 6 5.87 -0.13 -0.021666667 -2.166666667
eisb 11.5 10.25 -1.25 -0.108695652 -10.86956522
sng 208 203.06 -4.94 -0.02375 -2.375
1509
odx 27.5 19.65 -7.85 -0.285454545 -28.54545455
copl 16.25 31 14.75 0.907692308 90.76923077
qbt 3.1 2.35 -0.75 -0.241935484 -24.19354839
Sorry for the delay, wrestling with spread sheets for the family to submit the dreaded tax return. Submitted them all today
What a difficult month. Out of all the picks only 3 positive results.
Copl and me it had to happen one day but it took a bounce off around 16p to do it.
1st 1509 copl 90.76%
2nd John oex 18.75%
3rd Syn 18.68%
I will post the full results in my next post
I will not attempt to put a value on copl as a whole.
While we are waiting for the cpr, i would not be surprised if AM was in dialogue with a major, maybe passing his data over to them to let their technical experts come up with their own conclusions with a view to a JV or TO.
Obviously very happy it was released but why at this time?
General thought were that his focus is on buying Cuda as cheaply as possible. So if he wanted to shoot himself in the foot issue an rns which increases the value of the company you are trying to acquire.
On the face of it it does not make sense.
AM is a cunning fox. Dailey fluctuations in the sp does not concern him so cant think it was to increase the sp. He will have a good reason to release it which I think will become apparent in the near future.
Potentially he has been in discussions with a big fish which may involve a JV, the big fish taking Cuda's interest unopposed by Copl.
I think whatever the reason was will be revealed soon
I think the run in to the release of the CPR (who knows when this will drop) will be interesting.
Pre confirmation of the Atomic deal the risk was will the deal complete. PIs who took the risk thought we would be quids in on relist.
We now have a situation of value pre and post CPR. The risk being will the CPR confirm the contents of the rns.
I have know idea but say the CPR confirms the rns, is a reasonable initial sp level £3. In this knowledge this could well drag the sp up to a much higher level than it is know even though the bbl/d aren't meeting expectations.
My exit point pre rns was £1.3 to £1.5. If it gets to this level pre CPR and the report is not glowing then in all likelihood it may well retrace substantially even though the fair value is still around £1.30.
My leaning atm will be to take some profit and leave some in for the ride.
Anyone have any thoughts on this predicament?
Hi Xv
Before I committed more money into copl I wanted to wait for some positive news.
Subsequent to the last Rns I have made 2 top ups. Can’t believe we can still get in st this level.
Thoughts now turn to what the next Rns will contain
Tr1
Joint venture
Takeover
Copl developing the find own it own
Cuda deal - this may be kicked up the road as any bids are wrapped up in red tape.
Fantastic Rns
Never seen a happier bb
Well done to all holders are day may have arrived
AM is in a fantastic position really as through SWP he controls the production.
Leading up to the deal it would make sense that December will not be a gushing month.
Effectively on 4th Feb the agents will report back to FTI. The bids deadline may be close of business on 4th (Friday) so bids may only be reported back to FTI on 7th.
It would be great but I think it is an outside chance that we will get an rns on 7th as inevitably FTI will have some form of red tape to go through before they can release the who is the successful bidder.
I will email FTI to ask what the process is after 4th Feb to get some idea on timings.
Hi Tiburn
The opportunity to release information before 4th Feb I assume could impact on the valuation of Cuda.
If the lack of comms is to keep the sp suppressed and as a result keep the value of Cuda low then, unless a release is about Nigeria Or the bid for Cuda has been agreed I can’t see AM giving out any information before 4th Feb.
I think we have been through the pain only a month or so to go to the big reveal
Morning
So Detring the agents for the receivers show this for Cuda
"56 PDP wells generate strong
production and cash flow across the
Barron Flats Unit (“BFU”) and the
Cole Creek Field Unit (“CCU”)"
From my research Copl have 39 pdp. D
Can someone help reconcile this.
Do Cuda have wells outside Copl's area?
Thanks
This from the agents marketing Cuda.
Does not appear to mention Alberta.
https://detring.com/wp-content/uploads/2021/12/CUDA-Energy-Conventional-PRB-Non-Op-Oil-Opportunity-12.2021.pdf