Member Info for Charlie1984

This be delayed and SP open up higher and do some trading days at 100% +

Than open low and do it

I really don’t see what the problem is the longer it’s not trading the higher the open as lots going on behind the scenes.

Earlier calculations were hypothetically speaking as someone mentioned a oil company doing 10,000 after relocating from its initial SP was showing how easily that could be achieve here opening up at a higher SP.

A few think it pie in the sky what has 88e and UKOG been on producing FA £500-600m MC

Take that into context could go very well, through Mozambique or Nigeria in could drop either or in the next 6-8 weeks SP meter is running and ticking up that’s all we need to worry about

No impact as we are suspended

However I see it as a positive and SP opening up a lot higher then originally anticipated.

For argument sake (hypothetically speaking)

SP opens 4-5p
First day increase 100-125%
SP hits 10p

You start putting 10 or 20% day second day your adding 1-2p

Talk on here about share running massively on delisting and you stat to see how done can reach 10,000% quickly

Close
0.38p
Open 4-5p
Rise 100-125% (1st day) 2600% of OP
Hit 10p
Rise 100% (2nd day) 5,200% of OP
Hit 20p
Rise 100% (3rd day) 10,400 of OP
Hit 40p

*OP = original price at close 0.38p

That handbook wrong section

5.2.11A

https://www.handbook.fca.org.uk/handbook/LR/5.pdf

Some good posts on here guys let’s not swamp the board with squabble.

Personally would have hoped to see a minimum SP on opening of 1.28p going off the calculations I have done.

However, I have posted this before.

I don’t know if Arthur will be using an actual or forecasted BOPD

I don’t know what PE ratio he will agree with the market

I know cost are low but I don't know exactly how low.

Given the three above key factors we could really be pie in the sly on opening or at that 1.28p low ball estimate

I have posted previous figures but will hopefully be able to give a forecast better on review on the prospectus in a couple of weeks.

Will COPL use current BOPD and use current figures in order not to be if it profit takers?

Using low figures reduced the opening price those that want out get out with a profit why others get in.

Miscible flooding of like boiling a kettle you don’t just flick a switch and have hot water it is a gradual process.

However, once the injection achieves its desired bopd it can be easily maintained.
There is the time period from injection to achieving desired pressure.
This is variant on the size of the reservoir (example blowing a ballon up, smaller balloons will inflate to max capacity quicker).
We the have a stabilisation period, then a injection to flow/output period.
So basically once stabilisation is achieved. Extraction at say 5,000 bopd would be ran with a set gas injection rate in-put to ensure it’s constant and variants equal.
So the company could hold back these results for a week or so which I am expecting and a lot will get caught out selling before this imo

Wookie it my understanding from the RNS that:

The Company will today formally make the Cancellation Application to the FCA and the cancellation is expected to take effect on 21 April 2021, being 20 business days from the time when the Cancellation Application was made to the FCA and the date of this announcement.

The date of cancellation is 21st April. Given that you can not make an application to re-list before you de-list I would have thought that the application to re-list would be late on the 21st once confirmation of de-listing was confirmed of the 22nd.

The re-listing is fairly straight forward as it’s a prospectus and audits most of which had been completed weeks ago as per my earlier post to Arthur’s interview.
Re-listing in our instance can be a quick as 14 days which from the 21st would be the 4 May after the long bank holiday weekend.
I would therefore expect to see an RNS on the 21st with confirmation of de-listing and one on the 21st / 22nd for re-listing so a matter of weeks for confirmation with targeted listing date.

There isn’t anything confirmed so it’s speculation to assume this date

Re-listing

Rules on a RTO are very different between markets.

We are trading (when re-listed) on duel markets the Canadian market and LSE.

Suspension, de-listing to re-listing is a formality required on the LSE for the RTO as the value of the MC is revised.

With it being a formality, I am expecting this to be done swiftly.
LSE will have egg on its face if a prospectus is issued, companies flying with miscible flooding and the Canadian exchange is flying and LSE is still pondering.

Not goi g to happen look at how liquid this stock is and the daily volumes, what do you think them volumes are going to be like LSE will want this back in play as soon as possible.
A lot of PIs getting confused with other shares being suspended due to completely different scenarios.

Stop second guessing listen to the full interview or from 4mins onwards

https://www.proactiveinvestors.co.uk/companies/news/944245/canadian-overseas-petroleum-completes-acquisition-of-atomic-oil-and-gas-944245.html

Think it will open up at a decent price

Positive news will flow and carry this SP

Those that sell will see PIs and ii taking their shares

Far to much here IMO to see a retrace or drop back if we open up, plus those that have done their homework are holding so sticky hands ii investing will be sticky hands

Holding long as I have done my home work so happy to see this play out and see true value

4th May was a prediction but we should know better once RNSed.

We have talked in depth about the attraction to ii many probably backed off as the run investment with minimal risk factor so “suspended, de-list to re-list expect those that are interested to start hoovering.

ii look for a minimum MC of £50m at 1p we are £148m we have oil, a 40-45 year life expectancy, low cost, low risk country, licensing in place, exploration completed (small proportion 31MMboe), neighbouring licence areas have multiple layers - no reason why we don’t. Large licence area with further drilling could increase future reserves.

Miscible flooding requires a stabilisation period as u have said before expect update on miscible flooding on or after re-listing.

Going to see a few positive surprises here imo guys on the news front but don’t expect a load of RNS why we aren’t trading ........

I have pointed out this before. However, I will do it again.

Nigeria government like many others have been smashed by the crash in oil price, firstly to blame was Russia and Saudi price war which ran into the global pandemic known as covid.

The government main revenue comes from its oil & gas, I would expect it to tap in to its reserves by issuing licences etc to increase revenues from export taxes and cost of licences etc.

I am expecting a massive shift in sentiment from them.

Yes all licences and future licensing to drill is in place another weapon in out arsenal.

Atomic has ticket all the usual boxes and every other box you could think of.

Talking about dotting the I s and crossing the T s

It’s going to be the share that just keeps giving with so much potential, all future licensing for drilling applied for and granted there is literally nothing to stop this racing to a Tier 1 company and paying up there with the big names

Advice would be to buy through your isa on open if possible.

I.e load up you full isa allowance and buy on the bell then sell the same value open market.

As you say doing a bed in isa might cost you.

Selling shares in trading account and transferring funds can take days.

I am expecting ii to be sat waiting will the hoover, RTO means we have oil a large MC, asset in low risk country what’s not to like.

Neighbourhoods all have increased reserves by discovering multiple layers, some would assume therefore that our licence would be no different.

The asset is some size.

Atomic holds operated interests in 52,258 acres (gross) of contiguous leasehold in Wyoming’s Powder River basin.

Given multiple layers sand there is the lack of drilling to prove the remaining licence area I would have hoped that an increase of a minimum factor or X3 to X5 (94-155 MMboe ) barrels would be easily achievable over time

Re-listing not for certain.

An educated guess would be on or before the 4th May 2021

Cash flow now hopingforbags and a producing asset is our biggest arsenal- amazing !!!!

What ever the Teir most started in the same place and somewhere in the right place at the right time.

Oil & Gas Funny old game, you buy a licence you explore the asset, you drill it, it either makes or breaks you.

Lucky for COPL everything is done, increase miscible flow rates over the next 18 months and sit back.

Asset bought on the cheap at rock bottom prices from a company that was in financial difficulty.

Lightning doesn’t normally strike the same place twice.

Mounting depts for licensing, exploration, drilling, set-up etc

then

Russia Saudi price wars straight into a global pandemic, unfortunately crippled them.

COPL right place right time !

https://theenergyyear.com/news/copl-acquires-mozambique-block/?amp

https://www.oilandgas360.com/cse-new-listing-

canadian-overseas-petroleum-commences-trading-on-the-canadian-securities-exchange-video-news-alert-on-investmentpitch-com/

Worth a look

Still standing buy my stance that these will be unleashed once we resume trading, company will use the “stabilisation period” as a window for delay.

Expecting waves of positive news to hit the market to ward off profit takers - only my opinion.

Miscible flooding was originally set to increase flow by x3 COPL have recently stated this is x5.

If you missed my earlier post my last project was Gas Capture and Injection in the Kurdistan region of Iraq - heavy crude stuff like tar.
Injection of gas increased output by x10 (heavy crude) We have light crude WTI flows freely at room temp make of that what you will !

https://img.offshore-mag.com/files/base/ebm/os/image/2020/02/opl226.5e540fda1813a.png?auto=format&dpr=2&w=720

For those that don’t understand Nigeria Licence and the size of it or are new to this share, the link above is a good diagram to ponder over:

Offshore staff

CALGARY, Canada – Canadian Overseas Petroleum Ltd. has agreed on a loan with the company’s CEO Arthur Millholland for CAD$200,000 ($150,000).

Millholland said the sum would help conclude financing to start appraisal drilling of the OPL 226 license offshore Nigeria this year.

The initial well will undergo an extended well test, subject to regulatory approvals, using an early production system.

This would be followed by two to three additional similar wells at 6-10,000 b/d each on the prolific NOA structure ahead of a full-field development plan, and on conversion of the license to an offshore mining lease.

(This was posted 14 months ago)

https://www.offshore-mag.com/drilling-completion/article/14168472/canadian-overseas-petroleum-ltd-ceo-pledges-finance-for-offshore-nigeria-appraisal-well

Eddy the true value will be unleashed when the prospectus is issued its like the market doesn’t believe it until it sees it .........

What does that value us at?

Oil reserves
£13m cash in bank
Wells drilled
Brownfield not greenfield
Miscible flooding
Increased targets
Massive resource
all licensing in place
Rising demand
Increasing oil price
$20m additional finance of required
MC will have PE ratio added as we are producing
Nigerian and Mozambique licences

This is going to explode IMO