Member Info for BigBear2

In just 5 days....wit is now @66 and rising so you can likely add another 10 percent on the below...

• COPL’s acquisition of Atomic Oil and Gas LLC (“Atomic”) is a result of the challenging Covid-19 environment and the drop in oil prices during 2020. COPL will close the acquisition on March 15, 2021.
• COPL has secured a $65 million Credit Facility from a large US Credit Fund to finance the purchase.

Approximate Increase in Net Asset Value from 60% Increase in Oil Price
• Net Asset Valuation: (80% P2 Reserves of $308 million (10% NPV)) at c. $62/bbl. WTI
• $246 million
• Initial Debt: $41 million
• Assumed market capitalization post completion: $205 million (£146 million)

Been hard times on markets for many over the years. This is a gift to regain losses for many.

Trying to talk this down as PI trades are at present having no real effect. Mms controlling this for VWAP conversion to owners shares around 0.35p. Some fantastic posts over the weekend showing the multiples on offer here in a matter of days...
Buy hold add

Looks like sp being held in tight range to control vwap for conversion post completion of shares to atomic owner

Made my point a lot more succinctly massively undervalued

With wti @ 66 dollars a barrel the NPV of the project is rising by the day. Perfect timing for the mother of all re rates.

Being held back insane pressure on ask

Till multiples easy money here

Doubled up

Let’s just hope the MMS play ball this should really open @ min 1p post finance. And that prices zero in for Nigeria.

I guess the point is whatever their plan is let’s just here they are funded for next 6 months. once that’s clear they get a larger piece in my portfolio. Solid company great assets so let’s have the funding if required ASAP.

The biggest question to me is what will the mms open this at post approval

Valuation is straight from COPL presentation and it is conservative I will never be more pleased to be wrong.
I’ll be looking to liquidate stock in my ISA next week to add more here.

This will do nicely.... Approximate Increase in Net Asset Value from 60% Increase in Oil Price
• Net Asset Valuation: (80% P2 Reserves of $308 million (10% NPV)) at c. $62/bbl. WTI
• $246 million
• Initial Debt: $41 million
• Assumed market capitalization post completion: $205 million (£146 million)

On approval and drawdown what are peoples near term expectations?
Surely a mkt cap near 100 mill?

60k buy at the close

Fully loaded now so come on Arthur and let’s a have this over the line!

MMS clearly want this @ .35-.37 hopefully news soon just final lopp to jump through.

I may soon get the 400k shares I asked for @ 5p in the p bid offer!

Keep it low please lads (and lasses) looking to double up here!