Member Info for Bladderman

The beauty here is the market cap - at sub £20M this truly is a bargain. £6M is ace. For me £2.5-3M cash would not have been enough but at £6M we are in control. It was important that the raise was not a standard bucket shop raise and the debt providers will acknowledge this. There isnt many CEOs thst can raise those sorts of funds from his own connections - it's impressive

The licence extension will happen. However, agreed 100% ownership for instant transformation for 1,400bopd and ramping up recovery is the holly grail at this stage.

Love the fact we now have £6M in the bank in this climate which is awesome. Could the equity be raised?? - it sure could. Exactly what the debt providers were looking forward. No begging bowl for COPL

Nigeria will be crippled by the pandemic so will need to boost income hence the marginal awards. Besides January 29th is another 28 days away not 8 days for example

I think we are finishing nicely and looking set for a strong open in the New Year....

From 16:24 yesterday

Was great to see 0.26p full Ask getting a hammering I see. A warning of where we are heading next year - up and away. What a super stock to be holding going into 2021

Not easy to buy down here because the MCap is so low (at £18M) - know we're on the cusp of producing as Mr P has eluded too. We have £6M cash! Not £600K ....£6M..!! Not many companies have that going for them!

Yep so to use part of the money to ramp up production will improve the economics of the project no end.

Right time right place regarding this asset. Sounds like the financial re-structuring had to come from the UK because the fracking companies in the US are screwed and so the financetaps are off over there. To pick it up at the beginning of its life style is quite a coup

Only 5 h of trading left of 2020!

0.25p paid again (£20M)

£50M plus MCap surely will come end of January. No wonder he could raise £6M off his own back - the Atomic asset at 100% is the ultimate 'Prime prime asset'.

Guys we are going after 100% of Atomics asset - just wow.

This money is also being used to double the gas injection - this money is not being spanked on lifestyle. COPL is to become the real deal

First post on COPL lol

In the interview Art said he was looking at another Nigerian/African asset and what was required was the same tech engineering related to natural gas injection to stimulate recovery which is being used on the US field. Bet he's going to announce on that in January too. So much lined up here - Art is building a mid tier O&G company make no mistake about it

From last night's documentation sharing wasn't the US field thought to be worth $640M - sounds bananas but at a 40 year cycle it is not too surprising

Providing an opportunity to buy stock whilst valued at £18.4M (a third cash).

Buy low sell high

Referencing UKOG they are doing 300 BOPD for arguments sake and valued at £20M the same as us with very little cash. I know where I'd rather be at near 5x that production which is due to increase 3x in 12 months.

Back to 0.3s next week

Massive uncertainty removed today. Once above £50M the ii's will move in especially in the knowledge that we will be an inclince producer. They will be looking at the 10k BOPD and will buy accordingly.

Now COPL is moving forward and at great pace too

RBD valued at £45M with no flow rate established.

UKOG valued at £21M

COPL £20M with £6M cash and up to 10k BOPD in 12-18 months from one asset. Nigerian sign off imminent.

Ever bought into a company at £20M that could very well be producing 10k BOPD in 12- 18 months - that's the potential on offer and we're now a massive step closer to achieving this.

Think about it hese guys weren't even forward selling at 0.29-0.3p. Can see us returning to those levels by early next week

Which means when it opens again we'll be on Jan 4th - January is set to be a crazy month here as multiple deals close in. Production is coming to COPL. In theory we'll be producing from ownership of an incline asset with a 40 year life span. Least not forget the second 5k BOPD field coming on line in 2022. From these to fields alone if secured we'll be producing 10k BOPD in 12-18 months.