Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Andy can I ask who used the word IDIOT for selling out early?
Continued:
Chasing rainbows is always a exciting but costly if they don’t appear.
You need to question how many rainbows you have found since buying your first share and if you would risk losing this to fund the search of others?
The wait is nearly over.
——————————————————
Prospectus and re-list
An insight into what’s to come:
A minimum PE figure to work from (could increase)
Q2 accounts will show increased revenue
Q2 accounts will show increase bopd
WTI broken $74 and heading towards $80 per barrel
Global demand set to continue to increase as restriction are lifted
Cole Creek could possibly be fast tracked - same process and set up (miscible flooding)
Drilling program could be pulled forward now oil is flying
Possibility of purchasing some or all of Cuda stake taking us to a possible 85%
Possibility of figures in simulator being dwarfed by actual output figures as field reacts beyond expectation to miscible flooding (if words to this effect are RNSed this is going to go bonkers on top of an already crazy and rapid climb imo)
We know an initial jump instantly has occurred of 50% from initial start of miscible flooding - very rare
Maximum out put figures to be possibly increased for Barron Flats
If we have the same response at Cole Creek where output exceeds the simulator again daily bopd can only grow and grow.
We have a number of licence areas with in the acres that we own that when explores could increase the already proven reserves.
As per accounts $150k was paid out - is this potentially another licence or venture, still to be disclosed ?
Changes in council and government policies will mean more licences issues in Nigeria. Oil licences / exports and taxes make up 80% of the government income. They like everyone else will want to claw back money following losses of the global pandemic and invite investment so will look to issue licences. Already seen as incentives is reductions in the tax both onshore and onshore for oil production.
With this in mind we could see a OPL226 licence update very shortly?
What is transformation for PIs here is the company has went from a explorer burning cash with no income or revenues to producing and being cash generative, the possibilities and options to progress assets what we have are now achievable without being a cost to the average PI, as there should be no requirement for dilution other than existing warrants that we know about.
We are within days of an update and re-list.
Yes suspension means your tied in but if your holding anyway it doesn’t really effect you long term.
If your still selling after reading the above then I question you sanity and why you invest in stocks and shares.
For me to sell out of something to chase potential rainbows somewhere else when you have already caught one (a once in a life time opportunity) I would ask you to think twice or at least understand better what your invested in currently with COPL.
l am not here to tell you to buy, sell or hold. Every PIs situation is different but make sure your 100% sure before you jump as it might be a big jump and you might live to regret it or get back in without taking a
Back above $73
$73.61 climbing nicely
Bounced well at $65 after OPEC announced additional 400,000 bopd (over market reaction) only needed to surpass $70 for chart to show breakout to $80 which it’s making nice ground on - GLA
Shaa - thumb screws
They owe us $9m - interest is at 18%
If we pick up all the costs it gets added to the loan account and will be subject to fees. ( admin, consultancy fees, interest etc)
The debt is growing that they owe to us by the day.
Now given the $1.5m recently paid for upgrades etc that’s another $410k instantly plus interest on the Cuda bill for 27.7 %
We have all this gas we fast track drilling we fast track miscible flooding at Cole Creek.
We are progressing and the figures above are growing by the day.
Even if we take costs back out of their profits they receive Zero.
They are in massive amount of debt so how do they pay what they owe to other lenders?
Arts playing the game.
There is only so long this can continue and I’m guessing days are very, very numbered.
Research suggest that they (Cuda) are in a very bad way, I dont want to pour out their financials on LSE but they are in a lot of debt.
Busymumof3
Interestingly Q1 accounts where based on 16 days up till the 31st March .
Miscible flooding didn’t start till the 1st April.
As stated in the RNS on Friday we are already up 50% to 1800 bopd. If your blown away by this jump you will be knocked over by the Q2 and Q3 accounts.
Miscible flooding normally has an initial stabilisation period i which injection builds pressure.
The initial jump shows the field is responding better than expected.
IMO we should be seeing 2500-3000bopd currently.
Q2 finished 4 weeks ago and I would expect to see accounts now Atomic is in order no later than 5/6 weeks after the end of the quarter (early August).
Given prospectus should have been agreed and only awaiting Q1 accounts I am of the opinion that the FSA will be contacting the company from Friday/Monday. We should see a RNS with update on re-list shortly after which we re-list should fall nicely in line with the issuing of Q2 accounts and update on increased bopd figures (I’m not expecting Q2 accounts till prospectus is issued/re-list occurs)
The recent contacts for natural gas to me demonstrates that we should see an update on Cole Creek miscible flooding very soon.
Art and the team seem to be working hard behind the scenes to really get production ramped up why we await the FSA to update us.
We have definitely hit the ground running and updates are going to be plentiful going forward - GLA
Tiburn - as always excellent research and what an asset to this board
Unfortunately CAWCAW the shares in issue are more like a giant box of confetti.
The only saving grace is that the dilution and issuing of shares for Atomic has added value. This value should grow over time.
100/1 I have no issue with this would leave 180m shares in issue once warrants where issued but what we would want to see is a share cap ceiling to stop any spare of the moment spending and address shareholders first.
He raised the additional £13m for costs etc which will fund the miscible flooding, finance restructure is an option and he has the additional $20m available headroom on the finance so he shouldn't (I say should lightly) require any further dilution. Finance now we have a constant revenue stream should now be an option going forward rather than dilution imo and what shareholders will expect from Art.
Not to sure what Art can tell us HFB.
You are not a stupid person.
Kept in the dark like mushrooms, throw a bone! Really!
The period why we await re-list has been in the hands of the FSA . He would have been restricted on what he can and cant disclose.
Many on these boards have a lot to say for PIs that had ample opportunity to sell out before suspension but chose to hold then b!tch like little girls about updates and limited coms in a closed period..
Prospectus will have been agreed over the last number of months and ironed out. The Q1 accounts issued Friday will now be added to the prospectus. Updates from FSA to COPL approx 5 working days from receipt.
Expect the company to be updated from Friday / Monday and PIs via the RNS route shortly after.
You would think most had lost a fortune in this share, when they are actually part of something that will make them a fortune and great returns.
Purposely being avoiding posting on LSE as I get miffed by the majority of BS that is spouted by PIs that say the first thing that comes to mind regardless if it adds value or not!
Should all get a letter done to submit to Groves via a small claims court.
My rational would be to all submit the same letter at the same time.
If we got sat 100 PIs together he would get 100 claims at once.
He would either have to answer the claim or go to court for miss handling of the CGO shares.
If anything he would initially get smashed with costs x100 as director he has a duty of care and we have a right to know what’s going on.
We either write a share holder letter giving them 30 days for an official update or we just get together and submit individual claims at the same time and got them where it hurts their pockets.
Has this been discussed previously ?
So Rob is now cross ramping on here following his attempt (which was deleted) on Telegram.
So your either massively under water in Boil and know there will be lots of PIs profiting here and you want them to drive up the SP at Boil so you can sell out or your not even invested here and wand to get a cheaper entry price?
I am a little confused as to why anyone would sell out of COPL to buy BOIL?
Or
Sell out in general at such an early stage when this will just continues to deliver and grow your investments.
COPL has Oil, it has a contact in place for natural gas for the foreseeable future to support miscible flooding, miscible flooding is only just getting going and the company are reporting production increases already of 50%. They have a clear path forward with time lines and a Rider Scott report (for reference) showing steady state increased production.
All licences have been applied for and approved.
The new natural gas contract can support and fast track Cole Creek and get Barron Flats up to full injection rate (miscible flooding).
WTI is back over $72 per barrel, country is conflict free, infrastructure in place and your trying to get PIs to sell out here to buy BOIL?!?!?
Unless you can prove any different, this is purely and simply for your financial gain and ADMIN should be banning you from your cross ramping!
Hold for gains here folks, the last thing I would be doing is taking investing advise from robertbreckon1.
Lots of gains to be made here, I think there will be a lot life changing money if you can sit on your hands and hold for 12-18 month.
Changes in Nigeria could see OPL226 land in that time, the reason why every investor originally bought.
Prospectus already approved in my opinion by FSA, Q1 account will be a formality to slide in. Expect an update in 5 working days (on or before next Monday) from the company with a suggested relist date. GLA
We have oil, we have gas, bopd is up, reserves are up, debt free, someone in charge that knows investment banking and how to run a business and has 30+ years O&G experience - market reaction a negative one.
Other plays on AIM 10-20x more shares in issue loads of debt, don’t have proven reserves and have a drilling program funded by PIs - SP rises on anticipation (however, previous drills have returned nothing)
Honestly you couldn’t make this up, head down load up SP x6 the price of LSE in Poland even a mid point at 50% makes this a no brainer. Broker ratings 8.5pps
If you can afford to buy more and hold excellent investment imo
Well decline rate was touch on in the interview he done.
He talks about well cost and daily recovery, when a well can pay for its self rather quickly with a minimal decline rate which is normal I don’t see why this is a negative.
To assume a well operates at max output without decline for its life cycle is absolutely ridiculous.
If PIs are selling for that reason they shouldn’t be investing in Oil and Gas stocks
Trying to drop the SP on doubt before Q&A and interview Monday
Thanks Shaa
Crazy to see this lower than a couple of days ago with Q1 interms due tomorrow. We are either flushing which I do t think we are I think we will see large worked but trades after hours likely MM trying to fill them.
Prediction is a flat close with out of hours trades in the blue.
Looking forward to tomorrow
Looking forward to the interview Monday with Q&A
Look h forward to stock influencers post and discussions on Twitter etc to their followers.
Still relatively unknown but word will spread quick just need to give this a little time to build the momentum which when it comes will really see the SP re-rate imo GLA interesting days, weeks and months coming!
This will grab the headlines on Q1 interms
Once the RND lands and the company do the interview with Q&A a few stock investors will cover the story on social media and get our profile up movement will be seen later on this week and into next as this starts to get out imo
Well I am more and more impressed about this guys leadership and transparency by the day.
Q1 interms to land this week and if that wasn’t enough he is going to run over everything with a interview on Monday 17th with a Q&A at the end for shareholders.
He knows this is massively undervalued, the Q1 interms will show this is massively undervalued. So what better way to sell your company to potential ii or PIs than to do a interview with Q&A discussing aspects of the interms and the further and the direction we are heading.
Nothing to hide here guys, this man is trying to shout out from the roof tops, potential, potential, potential only going one way and today is the start of the shift change - GLA
2985