Member Info for Bridgedogg1

Word slowly getting out - way undervalued

They really don’t want to move this up. 5 fair size buys and the price is slightly less??? Wish I had some cash to buy some more.

Some large buys over the last couple of days - Someone is interested. PIs trading a few pence while the smart players are positioning for next weeks Cuda (and hopefully strategy) update.

… determine exactly what these deals mean to the bottom line. I’m thinking today’s was atleast as big as £15m over 2 years. Time will tell.

Very surprised at the muted market reaction to news flow. I’m guessing larger buyers want to see some numbers to deter

Over the last 2 days this has moved up from the low 30s, great if we can go back up from here, COPL is never going to go straight up from these levels without news . Cuda is approaching in the next few trading days, that will set the strategy for 2022. Either way we have the best discovery to fund and drill, Cuda won’t pay for that if we want to be producing significant amounts of oil in the near tetm. With the right strategy this could move to a 20k bpd operation by the end of the year and more than double that in 2023. Personally I don’t think we got Cuda and if we did we would be very lucky. The sale process was going through just as the significance of the play was being recognised by the wider oilers. If someone else gets a small percentage of our play for a lot of money then this will have valuation implications for our 50+% and wider acreage. With some cash we can then get a farm in and not give too much away. But overall Cuda in the bag is best for us. Just a few more day, nice buys going through, weak holders and traders getting out at 38p not much of a surprise.

Looking very nice for the afternoon. Anyone looking to trade this would have sold by now imo. Only a bit of a push to take us to 40p. Once that breaks it’s going to be very interesting indeed. I might save a little cash just to make a purchase in the 40s. Average up people !! ;-)

Should be a nice afternoon trading session. Another 10% rise would be good to see.

Only back to when we were last week. This should be doing 20% on a daily basis. Result will should the revenue beginning to come in (post period) which will make the current MCAP look very silly. Getting in now with more and whenever I can

Should be moving up quicker with these buys. They’ve got to let it go at some point…

It’s essentially a very good placing. We needed the cash. It’s a massive asset and the clear signal is that we want to be a part of the whole process to production. That provides the highest value to shareholders by a mile, but it’s now a long term game and PIs are a fickle impatient bunch. I can see this drifting down after an initial rise, the question is how far will the rise take us? I’d like to be nicely in profit and won’t be selling any but fully expect the trading to continue. Once we have a DFS we can start to expect institutional buying, that will be the major value point for shareholders.

2 year of work to get the worlds largest media buyer..

https://www.xaxis.com/strategic-partnerships/

We were always going to get a deal, the big risk was a placing to raise cash. I knew we were short of cash and the £1.2m will tide us over to DFS, after which project financing should come fairly quickly.

I will hold my hands up and say I don’t understand the off take agreement. Are they taking it from us at commercial rates and then selling it on? Is it about just securing the supply for Chinese companies?

It's essentially a £13m cash raise at 0.4p. Nice to have at a premium and shares in sticky hands so all good on that front.

Not the massive joint venture news some of us were waiting for but a step in the right direction.

They have bought control over 50% of our production at the same time securing 13% ownership of the project. A pretty good deal for them I would say, but at the same time I think George has done a good job here.

Nice steady buying today but not huge volumes, just goes to show what could happen when the funding and drilling news drops and the real buys start coming in.

Knocked into our old friend 38p. The fundamentals have changed massively here with the oil price rise. We have the leases, the production facility and the production base to create something massive. Hopefully the old resistance/trading range won’t matter anymore. Cuda is coming home and the grouse are going on holiday. Going to be a great year for COPL holders.

Some great news today thanks for the links 1400 bopd / 1m boe recoverable per well in Frontier is staggering. Assuming net backs of $100/b (!!!) that’s acfair whack per well. Happy days. Just need a major to come along and fund 150 wells, we can share the £billions thanks very much. This kind of data will also support our CPR which going to be crazy. I bet they keep having to go back and revise the NPV as the oil price goes up every day haha

https://twitter.com/christo51010258/status/1501136756544004096?s=21

Gap fill to 15p should be interesting

Asset must be worth upwards of $15bn after nickel doubled.