88e mkt cap now £300 mill with no proven oil. See no reason given the price of WTI and our PROVEN oil and INCREASING production why this is not a realistic mkt cap for COPL
Reminder we are now almost DOUBLE the original values so..
P1 $200 mill, P2 $370 mill…..
Ø NPV (10%) @ 2020 WTI base of $39/bbl.: Proved (P1): $101.5m and P2: $185m
On top of this proven resource we will get production. Update (taking more gas than expected) and some sort of transaction with CUDA to settle debt which should hopefully be increased wi. Also let’s not forget the substantial untapped deeper light oil horizons currently being tapped by majors on acerage next door….
Ø NPV (10%) @ 2020 WTI base of $39/bbl.: Proved (P1): $101.5m and P2: $185m
On top of this proven resource we will get production. Update (taking more gas than expected) and some sort of transaction with CUDA to settle debt which should hopefully be increased wi. Also let’s not forget the substantial untapped deeper light oil horizons currently being tapped by majors on acerage next door….
In a months time I think we will be looking at 80 dollar WTI so over double what the NAV was when. Atomic purchase was done….massive re rate on open inbound
Unless I am mistaken what needs to happen is those audited accounts need submitting. Only then can Art say it’s the procedure that’s the drag here. Audits submitted on time by Wed please Art.