Member Info for Bladderman

While some of the Reddit army’s short squeeze mania has faded, it did seem to be the case that there was short covering / overhang clearing detected by traders in Canadian Overseas Petroleum (COPL). Here the stock was up 11%, to close at 0.245p. Most notably the shares have remained well above the December £6m placing price at 0.2p for the whole of the intervening period. Thus Canadian Overseas has obeyed the useful rule of thumb regarding funding where the shares remain at or above the placing price in the most bullish of situations. Given that we are in the run up to the completion of the well received Atomic Energy deal later this month, investors have a pleasingly tight timeframe to focus on currently at the oil and gas group.

If Art navigates COPL towards his 5000 bopd year end target on this incline field just think about the profit. At $60 is $110M (60×5kx365) per annum. MCap right now has very little priced in. Once over the line 3000 bopd is the target that's $66M (£50M) per annum - in 5 years that's £250M in net revenue

With the uniqueness attached to purchase of an incline producing asset - thtough out the year the value is going to keep going up and up. At £23Mish this is a great entry

Emergency code - transformation in bound

Can't buy at 0.24p.

Looks like the deal is def going ahead. Would not be surprised to see the deal come earlier than anticipated

I think the bottom is in.

Very little stock at 0.23p if any

Don't rob yourself down at these levels because - according to Art - it's coming

£20M now lol.

Give me a nudge when this is above £40M lol.

Patience rewards - can't wait

We've paid him/Atomic £6.75M already.

The beauty is the surprise to the market when it's over the line. I'm going to be in when this happens. Very close now. Term sheet in an RNS. At9mic and Art want horizontal drilling this year - only with us on board can that happen

Yes we are all a little frustrated but the bed wetting is a little over cooked. If come Aprik 1st we're down here then fair enough. Until that time let Art get this incline asset over the finish line

To fill the 200M the £57k and £28k are highly to both be buys

If someone's trimmed down a bit apart from a little SP erosion what's the prob?? When Art says the deal is off then I will review. Until then it's all fun and games. Just look at GDR at 40p. It's 75p now and well done. I certainly won't be the sells g at 0.4pish equivalent. I trust the research not the games

How do you know that the £57k is a sell and not a buy at 0.23p - much like the £30k earlier at 0.23p. These sells aren't filled with confetti. Just saying wink wink

On the flip Cawcaw when the news comes during mid feb it changes everything. I disagree regarding OPL226 - we have 5% which is legally binding.

All said and done let folk do what they want. Until Art says the deal is off it is very much on.

Bigbear all you've done is talk this down. I'm fed up with it with your 'placing' post titles etc and claiming 30% flip when its 15%. Thank you

Interesting .

Server.

Well at current SP the market would value 100 bopd at £1M . So make up your own mind lol

Well it's not 0.22p to buy....yet.

Still - it's getting a bit silly

Yep it's crap Panama. If it wasn't for the near term transformation is have buggered off myself.

Just letting the MMs clear out

No it's not it was 0.2305p to sell and 0.23p to buy. Some times flickers up to 0.2345p to buy.

Doesn't matter anyway.

Once signed off we could be producing 2000 bopd by August. For £22M that's just silly