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Russian forces stormed the Azovstal steel plant in Ukraine's strategic port of Mariupol on Monday and stepped up missile strikes elsewhere

The trolls know their window of opportunity is closing so are goi g into overdrive….as per usual.

This will shift big time post RS and RBL
How much I don’t know but we were bouncing off 40 a while back so near term anywhere between 50p and a quid by end of June is my guess, more if we get real momentum

Guess who’s sat on the largest on shore US discovery in decades. ??!

Oil markets are once again on edge about potential supply disruptions. The continued efforts by the EU to ban Russian oil imports and the renewed efforts by the U.S. Senate to pass the NOPEC bill would both result in supply disruptions.

Fake drop bought into.
Can see this being next big mega pump when CPR drops confirming in excess of 1.5 billion barrels OIP

Great post and it second that congratulations to those who have made some elsewhere particularly if you got stung a bit with the placing so hopefully can invest profit back here at basement levels

It’s coming sure as eggs are eggs all that lovely unhedged oil coming courtesy of CUDA

Spot on bladder.
Smart investors buy in BEFORE the rise based on fundamentals not priced in.

Jiddy that’s the beauty of it.
We can load up now at the same price as the placees.
The herd will arrive when news drops>….and I would imagine this sp is back in 30s and rising.
As a reminder this went from 18p to 35p in 2 trading sessions on last discovery news. This time around it’s independently verified.
Feet up,waiting for re rate

Looking to fill a 1mill buy @ 1.8

We are where we are on SP but when all is said and done the acquisition is massively accredative.
In terms of dilution Art looks like a saint put to SS over ask UKIOG let alone George Roach at PREM.
Overhang will be done soon and this will move in LUMPS
Load up whilst you can…

Provides significant leverage to COPL increasing the Company's NPV10 (47% working interest adjusted) by USD122,000,000, from ¹USD258,000,000 to USD380,000,000. (COPL December 31, 2021 NI-51-101 Reserves)

So NPV EXCLUDING Deeps is £300 million
Add in the deeps and we have possibly the silliest mkt cap around.

Sooner or later mr market has to price in the deeps let alone the CUDA WI
Fair value with CUDA alone is min 50p….
Add in 1.5 billion onshore US barrels with Wti going crazy and this has to be the biggest pricing gap anomaly on the market.

Herd will be back in here v shortly…

VAST
BOR
UKOG

We’re next…..
Soon as that RS report drops it’s bye bye 20’s….

Let’s see what happens here when the RS report arrives

Yup aware the spivs and their pals may give us a headwind.
Personally I see it as an opportunity so have loaded up accordingly.

Some talk about what Sirius have agreed for RBL, so here it is below.

Personally I would like to see something like a $100mill facility to clear the Wonga debt and get us started on the horizontals without the need for any further dilution…

Sirius is pleased to announce that it has now executed a Senior Loan Facility Agreement (the “Agreement”) with Trafigura PTE Ltd, a company within the Trafigura Group (“Trafigura”), to fund Phase 1 of the development of the Proven and Probable Reserves of 51mmbbls¹ on the OML 65 licence. The Facility Agreement provides for up to US$200m, completion subject to customary conditions precedent, to be drawn in tranches and deployed toward the further development of the producing Abura field.

Right las top up done @ 19.5p, average now down to 23p.
Let’s be ‘avin the RS report, I’m beyond balls deep in now!

Convertible at a 25% premium to the placing price of the placing required as a CP for this Loan (the "Convert Price"). Upon the earlier of a default or the six-month anniversary of the Note, into the Company's newly-issued ordinary shares at a conversion price equal to 80% of the lowest daily VWAP of the Company's ordinary shares over the 10 trading days immediately preceding each conversion.