Member Info for Bladderman

In other ventures, ShoreCan has been indicatively awarded an exploration license onshore Mozambique in the 5th Licensing Round adjacent to the producing Pande-Temane Gas and light oil field complex.

No longer a pipe dream. The bad news is out the way. This is now longer a sub £50M company.

1,400 BOPD rising to 5000 in one year all for £20M with £6M cash. Think about it. I've added

Disappointing but at 0.24p with 8 billion shares COPL is worth £20M. The current net worth of the asset is between $100M and $180M as per document. Notice the award of a marginal field in Africa as a last sentence in the RNS. We now have a £6M war chest. In a month's time the SP should be substantially higher especially if both assets are signed off and perhaps a bonus asset thrown in as well.

Yep processed and out the way.

MCap still only £15M... enough said

At £15M it's so cheap it's farcical.

No wonder this is hardly any stock down here

Agreed - not many trading days left in 2020 either.

After all the fun with this now in an upward trajectory it is still only valued at £15M at 0.31p.

It's still so so cheap

Could this do 1.4p today

All will be revealed at some point over the next 9 days

Company valuation at present is $99M including associated $50M debt.

So we have a long way to true valuation

Loan

FCAP who has dominated the Ask has moved off

If so could be a great day here. Already blue

Came good after all - well done all believers

...in fact what actually is priced in is fair to ask oneself

As soon as we have a nice blue day the herd will return and we could fly. The strength for the buy case is that at £11M- £12M very little indeed is priced in

Yes a strong US recovery today.

Can't wait for COPL's strong recovery too

Option of an increase from 5 to 15% if we find oil --how extraordinary is that in the O&G space

MK - exactly.

We know what we have - 2 major assets (one a free carry with the option of 15); and the highly lucrative US fields ( secured with a legally binding deposit)

We don't need the PSC in marginal fields but there again another string to the bow.

MCap now just £11M - this is going to seriously re-rate very soon. I'm holding onto my golden tickets. Just let the MMs sort themselves out then watch this go. This should be 0.5p plus already

I think we have a buyer who is having them at that price 2x30M at 25.68p. Be ace if it was Art lol