The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Let us not forget we went NDA in October 2022 which was three months prior to CC recompletion discovery. We've drilled another since. The first certai ly flowed unstimulated. This would have significantly increased out reservoir accerage too.
Now let other big players fight over this. It's a substantial inland asset.
Personally, I'd say drill a third well for $200k and sell CC to the highest bidder. £150M surely would be cheap. It's ours to sell at 100% ownership
Fair point Bigbear. No NDA to hide behind now. Atlas got this a bit wrong too and they know something. There was a legally binding release of a LOI. Would like to see us sell CC to fund further exploration and pay off debt. It's 100% ours to do what we like
May be sell Cole Creek for £150M. Would solve a lot of issues
People talking of averages of 2-3p. Mine's at 11p.
Interesting post Bob.
Also, Steve that's a very good point. Sell Cole Creek and develop the BFU. Hope you're listing BOD. Atlas buying - why would they?? What do they know??
Buy out is now an option.
When we get to 2000 bopd plus we are a sustainable profitable company. That is distal from the BFU and Cole Creek assetswhich has zero £ in value assigned.
Will be interesting to see if we press ahead with a horizontal drill in January??
Not great but at least we can be updated on Cole Creek wells developments. Someone will be interested. The MCap is ridiculous. Look forward to the update within the next 12 days
The raise was at 4p. How those bent BH barstuards are able to profit at 1.6p beggars belief. Cornerstone fiddlers more like. Our finance man is either an amateur plonker or is implicit in the dodgey dealings. I'm hoping it is the former but would not be surprised if the latter
Same MD. Too many high connected criminals bully and dictate the SP
It's very sad MD. The market is for PI mugs. Wished I'd stayed out for good 5 years ago
UPL a £50M MCap and not one barrel it's a wildcat drill. We have shed loads, are a producer with a road map to much higher production valued at £15M. Our equipment, plant and gas injected is worth multiples of our MCap. One day rodders
Wonder where the SP will be in six months. Especially if things align accordingly. UPL has 10 bagged in that time frame. Let's see. Hopefully production will be 3000 BOPD minimum
No flaring requests in 59 days - the GGS works and can handle pressure. Must be all that steel pipework.
Hopefully, COPL busy behind the scenes orchestrating transformation. JV conclusion can't be far off now
Just outside the boundary. That is three well now with permit in hand (two horizontal) and the latest approval. Waiting for the big turnaround here. Someone noted that it is just outside the Chinese boundary....JV request hmm
More speculation from Trans. Seen today's production figures have you Tran?? Didn't think so. When's your carer collecting you
Trans - zero news in 2024. Nice crystal ball there twonk
Will AM deliver the Xmas bacon???
Every barrel of a 1 billion discovery is valued at 1.6p (£16M divided by 1 billion is £0.016.
C'mon COPL - should be 10X that.
16p a barrel. WTI is $75...so even at 10x it's peanuts. Usual caveats
Xmas is coming and a JV with a major would be the icing on the cake.
Seriously even with 900M shares the Market Cap is a ridiculous £16M at 1.8p.
Lol