Member Info for Bridgedogg1

Wet likely we will get an RNS stating that £145m funding secured and drilling to commence shortly. Maybe an update on the 10k bood facility. Could see this up over 100% in a single trading session. IMO something like this will happen this month.

Oil price has a big impact on financing. Oil from the sands only make up part of the cake but it’s an important and growing slice.

Production facility on our land with $3 royalty much more likely to go ahead at speed with high oil price.

Near term oil drilling will be a cash cow if we can actually produce any.

Update please!!

The big question is what will happen on XD date???

Feels like this is in a downward trajectory until we get JV update. Assuming we don’t get a placing and we get multiple good assay results every other day then SP could rise. Otherwise it’s time to load up on the way down imo

The board is dangerously close to having more comments than trades which is always a bad sign, so I’ll keep to one a day.

The radio silence is very frustrating. It’s not enough to simply do the job and then report it afterwards. We need forward looking statements with some meat on the bone. I accept that he can’t comment on Cuda yet AND that whether or not we get Cuda will impact our 2022 drilling/funding strategy but we should of have had some sort of update, at least to this effect. Seems that we will have to wait on Cuda to set things in motion then it will be all systems go. We certainly won’t have any issues with funding or finding a farmout partner for onshore US oil. This should be going up a minimum of 10% a day with the rise in WTI!

My prediction is that there will be a massive drilling development this year funded by and outside party. With current WTI it doesn’t now make sense to go alone and gradually build production with self funded drilling over a number of years.

March 2022 is going to be interesting for COPL holders.

If they are in the final stages of offloading the asset the current SP won’t matter too much. I’m fact we are protected from a Russian takeover due to current sanctions. The Chinese are the only other player that would consider a Russian asset at the moment, they must be eyeing the current situation and thinking about picking up Russia resources on the cheap.

Oil is going to $200, all we need do is wait..

I honestly don’t think I’ve ever been invested in a company with greater potential than BIDS.

Pretty much guaranteed an update this week either way. I hope it’s good news about imminent drilling.

Good luck holders!

I predict a small placing tomorrow. If not then it should go up nicely.

Wish I shared your certainty but experience tells me otherwise. Not great negotiations asking for cash upfront? Seems unlikely to me. All depends on how close we are to signing and how much cash we have burnt. I can see BOD perhaps deferring salary if JV is imminent.

We must be very low on cash now. 800k raised 8 weeks ago, more drill bits turning, legal fees for JV talks… I expect another hopefully small fund raise very shortly. Shouldn’t impact the price too much, or be at a significant discount. JV should bring some cash with it and cover the costs to full DFS.

Wow great presentation. Just sets out what we can do. Like the way the developer describes it as ‘found money’ that went on to be 30% of revenue. Amazing. EA defiantly in there as a brand we work with.

https://youtu.be/MFb3FWneeIM

There’s definitely a bigger picture hear and the company is at an inflection point in reach and revenue. Plenty on here deramping, maybe nursing losses, but the future is looking very good.

Defiantly need an update here.

‘ Further 55m barrels of oil in place available for in-situ recovery; CPR pending finalisation of development assessment’

Wow that’s a fair amount considering. Am I reading that right - it’s the conventional oil?? . This equates to around 20m bls recoverable - if the well flows a CPR on the oil alone would be many multiples of current MCAP let along the tar sands development and $3 royalty on 10k bopd!!!

Imo

This has been moved down to 31p about 67 times in the last few months. Just business as usual as the MMS look for buying interest at low levels and try to scare a few weak holders into selling. It will move back up next week, and hopefully Cuda announcement will end the cycle. Keep the faith!

The deals have been reported. We got an RNS yesterday. A massive deal kicked in on Monday. What we know should be more than enough to see this heading towards 10p.

This could easily bounce 40% on no news. Just a lottery atm but asset sale seems to be going ahead and I’m sure the buyer is offering less and the BOD are working on how to get the money out.

What percentage do the BOD own?