Member Info for Bladderman

Genuine transformational news expected next month - can't wait!

Come March/April this should hopefully be well over 0.5p before COPL announce production figures at say 1300 bopd net to COPL and plans for horizontal drilling. Of course movement on Nigeria and we're away.

Yep valid point -

The market apart from a few big movers is quite flat today and looking on LSE volume is low.

We've been updated that February is our month to do the deal. Very soon we can put January behind us on move on

Yep traders piling in at 0.7p. Those in at 0.4-0.5p and below are loving it. In terms of SP dynamic hopefully same will apply here.

Patience pays - just look at GDR at 0.4-0.5p. No one was bothered and the daggers were out. Then today it hit 0.78p already and the sentiment switched in an instant. It's how AIM works. At least Art is sounding ever increasingly confident that the sale from the distressed seller is going through. COPL soon to be worth a hell of a lot more than a market cap in the low £20Ms!!

The good news is that it sounds like the deal is very much going ahead...

'However, we have done enough due diligence on Atomic and can safely say that the policy enacted today will have no undue influence on Atomic and its assets going forward and have therefore not hindered our resolve to complete the acquisition.”

Millholland added: “The Atomic producing assets are some of the most environmentally responsible oil and gas assets in the industry.

“We see no issues with complying to the policies set forth today by the President, and as such, look forward to be at the forefront of an environmentally responsible participant in the oil and gas industry today and in the future."

When the deal is over the line in a few weeks the herd will be here. That's AIM for you

Buys coming in at 0.2499p. Have we turned a corner...

Agreed Shaa - the healthiest I've seen COPL L2 in a long time! Let's see how she blows with February only two trading days away...!

Agreed Shaa - the healthiest I've seen COPL L2 in a long time! Let's see how she blows with February only two trading days away...!

Should be over the line in the three weeks!

Careful language on Jan 8th...Ryan Gaffney, CFO, added: "The closing of both portions of the Placing will allow the Company to progress the Atomic acquisition. COPL's access to the equity markets has provided much confidence to debt investors with whom we are in discussions with to provide the balance of funds required to complete the transaction. We are targeting the receipt of binding Term Sheets from the targeted investors in the near term thus allowing COPL to progress to completion."

The last sentence now the term sheet has been released by RNS means we are now ready along with completed DD, 'to progress to completion'.

Bring it on

Same time!
Also, Haddon would not have bought 10% of the company if there was uncertainty here. When over the line production will increase 'rapidly' and additional buying nstitutions above £50M will make this a very different company.

Art sounds like he's got his vision and plan almost rubber stamped. Not long to find out either. This acquisition has been on going since October and we are almost to completion now

There were no chunky sells today or reported after hours. All trades were below £25k so I believe that the CFD has stopped or are finished selling. The blazing chunks were few and far between. Once January is done we can build in February...

Art also states in the interview that we have access to technical team that can do a lot more with the field compared to their small team, which we will take on that includes one engineer for example. Art's tone has changed he is not mentioning just the 15%. He is focusing more on the horizontal drilling etc and future prospects. Atomics shareholder will probably let his eventual COPL shares run for a lot more money if this is pulled off as we are lead to believe. Otherwise, Atomic would also likely have to buy out the other two entities which sounds like too much strain for the owner whose heart really is else where. If Atomic don't play this right they will have a mountain of mess to manage so I think it will suit both parties to conclude the deal. Due diligence is completed according to the interview so we're are now focused on bringing the credit to the table and finalising the deal to completion.

Cant wait for Art to start waiving the signedoff $65M credit note - what a buzz and turn around that'll be

At 0.245p to me this is much more of a safer bet than some of these other gambles like EUA. We've literally been walked down the path with COPL ticking the boxes as we go over this deal. The same can't be said for EUA. Another is ODX if those sales don't come through is ain't worth £120M and that's after a 10% fall. At £23M and deposits laid to me this is a much safer bet...!!

Also - we've paid the two deposits £750k and now £6M. It's getting very real now.

Once the credit arrives it's time to buy Atomic and shine.

We do have a $20M additional finance option too

February starts Monday...