Member Info for Charlie1984

It is what it is I invested 8 years ago to see the true value on Zulu.

Potential Circum windfall

RHA in production - samples due back last week, possible off-take partner funding us back into production.

All I know is we are a hell of a lot closer than when I first bought in GLA

Brel I thing 250% gains to start with are a good palate cleanser for what’s to come. A lot more will sit happily knowing they are sat on substantially more valuable investment with the company only looking to improve things going forward

Regardless if we hit 20p or £2 a share what is for sure is that some PIs will hit the sell button quicker than others.

What is difficult is seeing £200k on one stock or £1-2m in your account, for a lot of us our ar53s might twinge and sell out before even reaching this crazy heights.

Like I always say be grateful of the profit you make guys/girls and don’t begrudge others of theirs.

Some will hold longer than others some that bought low will sell at 3p other might hold for 30p. However, what is for sure if PIs will buy in between that range.

I see so many PIs sell out then de-ramp or become annoyed that it’s continuing to rise.

Such as life you make a decisions or error you live and learn by it.

If you choose to sell to quickly or get to greedy you only have yourself to blame.

What I will say is DYOR, have figures in mind your happy with, make some rules and follow them, live by them and remember everything is in hindsight it could have went either way but you choose the door to exit through be grateful that your gains are safe .........

I am using calculations done known

USD/GBP - 0.72
Production days - 360
Shares in issue - 14,888,619,791

What’s we know currently but forecast for projection figures is

BOPD
WTI

What is not known exactly is

Costs

Currently using $17.5 extraction + $7.5 finance repayment so total of $25 all in costs

It will hopefully become more clear from reviewing the prospectus and those figures will become more concrete and only subject to change on WTI price, exchange and BOPD

However, there is nothing wrong with forward looking or plotting positive future or forecasted prices

40,000 bopd x ($100 - Costs $25) x 360 x PE17 = $788,400,000 divided by - current exchange USD/GBP (0.72) - divided by shares in issue 14,888,619,791

= 88.79p

Dreaming and ramping? Joey

Ramping or dreaming would be me saying this SP will be £1-1.50p the end of the year .

If I presented a calculations with factual figures how is that ramping?

So if a PI quotes 65p that is based on a future SP IF
- 15,000 BOPD (10,500 very achievable target given me experience of miscible flooding/gas injection of Heavy crude if it flows well 15,000-20,000 wouldn’t be out of the question
- $100 WTI (prices historically have been higher, price continues to sit in the $60-65 range and have been up to and broke $70, we are still in a global pandemic and demand can only grow from here.
PE 33 (not pie in the sky) depending where you look google PE averages 16.98, 25 and 33 come up and given these are averages they are an average of figures that are lover and higher than those stated. With this in mind PE ratios could also be lower they could also be higher. I would have hoped that a non conflict country, 40-45 year, onshore, licensing in place, exploration done, wells drilled, producing, increased production using miscible flooding - would be seen as on the higher scale of the PE ratio.

If you don’t agree please explain to everyone why you don’t agree, telling people they are dreaming or ramping isn’t constructive.

So now you have been given a breakdown of how we could arrive at the 65p in time do you agree it could be possible ?

We have oil we focus on that oil and the development of that field.
Increasing production via the use of miscible flooding, which started a week ago 1st April.
All licensing in place if we require any additional wells but as it stands it we will not be required to drill this year as we have enough to go off.
Miscible flooding or gas injection in my experience I have always worked on heavy thick tar like oil (latest project - gas recovery and injection Iraq) it increased the daily out put from 12 tankers a day to 120 tankers (road oil tankers) I am using this as an example to give you an idea what miscible flooding does to flow rates.

When you talk about WTI (what we have) your talking about a light crude, Light crude oil is liquid petroleum that has a low density and flows freely at room temperature. It has a low viscosity, low specific gravity and high API gravity due to the presence of a high proportion of light hydrocarbon fractions. It generally has a low wax content.
Apprised to Heavy Crude
Heavy crude oil (or extra heavy crude oil) is highly-viscous oil that cannot easily flow to production wells under normal reservoir conditions.
It is referred to as "heavy" because its density or specific gravity is higher than that of light crude oil.

Now given my experience and the comparison between the Light crude and heavy crude, and my last job extracting very heavy crude they managed to increase production by a factor of x10.

IMO once you increase well/reservoir pressures for light crude what flows freely at room temperature what do you think it will do?

Nothing priced in before suspension Shaa your correct and nothing priced in over the water as the market doesn’t fully understand what it’s looking at but it will once the prospectus lands and the revised MC is agreed with the main exchange : BOPD (possibly using forecasted) x PE ratio x (WTI per barrel - costs = MC.

Throw in the herd, sentiment, positivity, new PIs, ii you have the perfect storm.

I also mentioned the possibility of loons that still have shorts open that hoped the deal wouldn’t close.

It’s what they call in the business the “perfect storm”

https://twitter.com/mikec841/status/1379381411027808258?s=21

Just putting it out there please re tweet and share, let’s get the COPL profile up for rent-listing lot of profits going to be out there looking for the next big thing. COPL has the legs to dominate 2021 /2022 and beyond

Shares in issue 14.8 billion v 12.8 billion
SP 0.38p v 1.33p (-69% was 3.76p)
Producing v not producing
Herd not arrived v herd arrived
Increase revenue using miscible flooding v no revenue
Additional licensing v no additional licensing
Option to increase asset v no option

So given that COPL have oil, the herd haven’t arrived yet, we have completed a RTO, we have £13m + in the bank.
Using miscible flooding to extract from a know reserve which already has wells drilled and licensing in place to increase number of well. Poss Mozambique & Nigerian licensing plays what will out SP do?

Given 88e had a Zero PE ratio as they didn’t have oil or gas what will put SP be with oil with a decent PE, increased revenues, cash in the bank, targets for increased output. I’m sure I don’t need to spell it out to you, imo and selling will be matched for equal buying and some as most didn’t actually believe Art would pull this off and he has and he is going to hit the ground running.
Nothing to suggest miscible flooding hasn’t started and no issues GLA

LB28 are you clinically depressed, are you taking medication?
If not please, please go and consult your doctor.
Constantly negative, down, can't see the good in anything always the bad.
If you think this is BS just google everything I listed above.
Either that or you are one miserable cuuunt and I mean that in the nicest possible way

When we looked at pie in the sky figures I said 3 things

-Potential future BOPD 10,500 -15,000 very likely
-PE ratio google it 16.98, 25 and 33 (a few averages that are used if you google US/Canadian oil average PE)
-Oil at $100 - more Saudi conflict or another big oil and gas producer. I see Russia building its stance on the boarder with Ukraine could this push prices up to ?

I believe there is tax to pay but confirm with your broker was also looking at doing it and that’s why I’m waiting.
In with ii you need to fill in a firm online, although when moving from share.com all Copl shares cost put under the Canadian exchange not LSE and I was told that I couldn’t trade.
Maybe phone your broker and ask as they can only buy after 14:30 hrs once the market opens.
Another issue with Canadian stock is the increments going up and down in 0.5c you can pay over and under on selling and be subject tax
Honestly load your isa up over the weekend if you haven’t already done so then you also have your allowance kicking in any day for 21-22 then look at buying on opening

Can you cut and paste please cannt access

https://www.proactiveinvestors.co.uk/companies/news/936814/canadian-overseas-petroleum-seize-the-opportunity-to-snap-up-atomic-oil--gas-936814.html

https://www.proactiveinvestors.co.uk/companies/news/939172/canadian-overseas-petroleum-hails--exceptional--move-to-accelerate-acquisition-of-atomic-oil-and-gas-939172.html
(Value up 35%)

Now value has increased 60-65% with oil price.

Worth a watch and recap I watch videos and take notices etc I think a lot would benefit from what Art says.
I believe imo they are underplaying what they are sat on on my reasoning was the valuation why high but got Atomic for a steal but wouldn’t say to much in interviews why the RTO is in progress.

He says in one interview over performance is a bonus imo there a lots of little clue to say the value of Atomic is high but played down somewhat.

It is important that calculations end figures are used as a guide (possible SP not actual).

There are a few unknowns

What will the company use for BOPD in re-listing

Q) Will the use actual or will they use forecasted

Q) Google US/Canadian stocks PE ratios figure pop up such as 16.98, 25.1 & 33 (Average) so we could be in this range we could be lower we could be higher.

Q) What are the actual average costs of recovery per barrel - I used $17.5 plus $7.5 for dept repayment so $25 in total again might be higher might be lower.

Q) What will be the targeted out put be - 10,500 bopd was originally stated with miscible flooding at x3 latest update has miscible flooding at x5 we know there is options for additional wells as well so it is presumed that 15,000 could be the next target.

What we do know is that until the prospectus is issued everything is speculation.

Also we might not find out about miscible flooding figure in open it might be a couple of weeks after this will allow 4-6 weeks from the 1st and the initial stabilisation period before giving markets results from miscible flooding

So approx 50p at 15,000 and WTI $100

We call it dirty but here you go

COPL and market selects a PE 33 or more based on is low risk 40 year increasing life cycle curve

Target is 15,000 bopd so as a target is achievable

WTI $100 per barrel - well it’s been there before, oil gas substantially increased in recent months some 60%

Issue in Saudi even pushed it up to $70 a few weeks ago.
Given the vast majority of the world is in the mist of a global pandemic demand will only increase and with it so should the price.
Any global conflict that effects oil producers will drive up the barrel price.
Stranger things have happened and could happen and ultimately will happen, very interesting but would put my house on it but wouldn’t write it off either !

Crazy figure at $100 WTI

Might as well go all out PE 33
Cost $25
15,000 bopd

Kicking out - 65.53p p/s
https://twitter.com/mikec841/status/1377692956124196870?s=21

Nothing back from Art

Will do the calculations and post a link to Twitter