Member Info for Bladderman

Once the order filling is complete they will let this go

Q2 financials.

HSBC believes in COPL enough to have added at higher levels. Good enough for HSBC good enough for me

Next week the selling should be done and the real value will start to be added. Juicy Q2 coming up.

HSBC likes COPL enough to be adding at higher levels.

Ace

Think we are being held here to allow ii loading

This is now a screaming buy.

NT at 0.4p

Into thw 0.40s today i reckon mate setting us on the road up to Q2 financials.

Some nice buys too now 10M buy. If HSBC are buying it will be a signal to other IIs to buy

Sub 0.4p will be gone forever

Hadron - dog turds OUT as well as some mugged PIs

HSBC on 17th - quality international banking heavy weight is BUYING
- probably continued to increase stake 18th and 19th.

Lovely

Hadron dumped 5% of the company in two days. They're gone now. SP wise we'll lick our wounds but the company is in it's best shape for a long time. To be fair it's time to turn in lol. Let's see where we are in 2-3 months

The 12 month chart is quite ridiculous- buy low sell high (peaked at 1.9p about 6 months ago). Now 0.56p.

I said the absolute minimum - with the detail outlined by Tiburn i think 1p plus.

KUDA and Nigeria and it's silly valuation o'clock

4.5 billion on Tuesday
1.045 billion Wednesday
0.842 billion today.

Total is 6.4 billion (share registry is 15.6 billion) i.e. 41% of the entire company traded in 3 days

Hope you don't mind me reposting Tiburn...

These are the facts, all sourced data:

- USA asset, stable regime, low tax, pro oil Wyoming
- Incline curve, young field at start of production cycle
- Rising WTI price and rising demand
- Established experienced technical team inherited with best plan on approach to develop the field given funding and tech support from COPL - both now enabled
- New topside is in place - bought and paid for and recently enhanced for higher pressure prod
- Very low Opex - wind farm even provides electricity for the field
- Operating net-backs are c. $50/bbl.
- ROI: 58.3%; $2.18/bbl. acquisition cost on P2 reserves verses a value of $7.52/bbl. at NPV (10%) @ deal value $39/bbl. WTI - since increased by 77%
- Proven and probable net 24.7m P2 reserves
- Re baselined oil in place for Cole Creek to 117m barrels, potential for 2P enhanced confidence
- Fed Deep exploration unit being drilled right now, with known 3 reservoirs from 1950s drill - results expected in September
- BFU 20 infill , injection and production drills planning in 2021 for drilling 2022.
- CC has 2 to 4 drills planned targeting Frontier reservoir - can produce upto 1,000 bopd per well
- CC well recompletion - 2 out of 12 complete - cheap and rapid way to increase production, followed by gas flood which will increase it again towards 3.500 bopd - field defined by drilling
- High pressure BFU and CC systems - greater prod
- BFU gas flood success way above modelled - faster time to gain higher bopd values and revenue in critical early stages this year
- Invested in and secured gas flood bullets supply for $1.5m capex so no constraints on supply going forward
- Majors Continental and Exxon active and drilling in licenses adjacent, discoveries made
- Working interest likely to increase
- Cash rich -$30m on account, owed over $10m by CUDA
- Growing sales revenue daily
- $20m draw down facility
- Low debt maintenance costs of $240k per month over 4 years, well covered by production
- Intent to acquire more assets in Wyoming
- II major investment banks have taken a position, likely more joined this week, +£500k trades
and .......
Nigeria with 150 million reserves target for COPL 15% - free carry until first oil

If Art continues to deliver i think 0.6p plus by Xmas is the absolute minimum. If we acquire CUDA and OPL226 is signed off then we would all start dreaming again. Are we planning to commence drilling the lower formation at Baron's marginal field in September? We have 50,000 acreage to play around with plenty of capital.

Folk beginning to load again. Could be into the 0.6s tomorrow.

Going forward this is now a very robust company..

If we now have £15M cash that is some pile. On current trajectory we will have 2000 bopd by Sept end - 3500 bopd plus by year end. There is loads going on. Nigeria on top of that. We are in a very strong position and should gain traction northwards very shortly. Selling at the bottom of the channel seems silly when it could have been 0.5 - 0.55p. Patience. Also TR1's should be in bound after the block buys we've observed. Tiburns posts were very reassuring. Including the deeper formation drills with 1000's up for grabs.

Check the miscible flooding trajectory chart. If we take CUDA this could get silly.

Lol

Toilet flush coming to an end

That's quite some going.

Hopefully the sellers at these levels will be done soon and then we can look forward.

We've had to manage lots of sells and if warrants have been exercised then up to £6M in the kitty. Certainly the future at COPL is bright and I want some of that