Member Info for Bladderman

FCAP is on the Ask - hopefully bugger off soon

15% profit at 0.23p not 30% from 0.2p and the sooner they're rid of the better and judging by the trades it's pretty much there.

Let's not forget all the management bought in at 0.2p as well and are all expecting profit. Calm before the storm

What's sorted -
*Atomic deposit paid: £0.75M
*Atomic purchase: £6M for 15% of atomic production.
*Due diligence: completed (tick)
*Term sheet: completed
*Potential Biden fears/interuption: quashed
Nigerian OPL 226 still VERY MUCH ON

*COPL is now producing 120 bopd per day (500 bopd by year end).

What's holding back the SP - hangover which must be minimal as £3M was raised back on Jan 8th

Last hurdle for acquisition completion:

Credit facility sign off w/c Feb 15th 2021
*800 bopd generates £13M revenue a year in equivalent
*3000 bopd projected by year end generating all most £45M net to COPL.

Potential to secure further 2000 bopd generating £90M/annum (each year).

Horizontal drilling planned for June

£3M cash and 10.7% Hadron Institutional investment.

All for £22M.

Folk will have to accept that they won't be topping up at 0.22p or less. When this is realised we will move and move hard IMO.

Largest is £9k.

Yes it's low volume but we're now a producer which is going to increase from 120 bopd to 800 bopd in two weeks (6 fold) on an incline asset using wind power on, essentially a brand new facility!

And when the sells dry up.....and to be fair the block sells have pretty much gone. One day closer to transformation

That's to sell you mean

It's 0.237p to buy

5 to 1 so let's see.

0.24p to buy- can't see that being available on deal day lol

Can't see it being down here in a weeks time.

What is known is that the Atomic transaction is ticking towards deal completion and the CFD has increased its position and are going long...!!

The remainder of the £3M churn from the 8th Jan is surely almost there.

When that extension lands the SP should really get a shift on.

Atomic deal just round the corner. Instant 800 bopd net to COPL. Cant wait. Anticpated 2500 bopd plus by year end. Horizontal drilling come June. What a bright future COPL has now thanks to Art - well done on his part

Just clearing out the remainder of the trunk.

Get ready for the switch....

If Essar and Nigeria wanted this drilled at $40 a barrel last last - they sure as hell will want this drilled at $56-$60....!!!

Cant wait.

Remember, production figures in March/April will very likely how that our 800 bopd has risen to 1500 bopd. That's equal to £25M net to COPL per year. Watch the spring on that news. Decemeber we anticipate 3000 bopd. If we secure the other interest that's 5000 bopd plus or £90M PER year. Yet we are valued now at £23M.

Not long to sign off

February starts Monday and I expect SP traction. I think the CFD has cleared (JBER - who are now a buyer on the bid) - last few trickles coming through. Name bounce up 5% on Friday at one point as a sign of things to come. Then some very nice buying.

Regarding Atomic we are producing 120 bopd which should rise around 500 bopd from our £6M. Almost over the finish line which undeniably exciting!

Yep agreed looking like two sells now. Much smaller than the 2x 100M and 75M at 14M. Also the price is higher.

About to break free on this evidence

More inclined to say buy because you couldn't sell at 0.245p all day long. Processed and now and out anyway.

Bring on February!

Party and are sat on the bid at 0.24p.

Expecting high volume are we.

Sweet finish to the week. Roll on February

Heading for a blue finish by the look of it and rightfully so. Next month our production will go from 140 bopd to 800 bopd with projected 3000 bopd by year end, minimum

4M buy just sailed in at 0.247p (£10k).

Nice