Member Info for Charlie1984

- HSBC - continuing to load up
- Chinese - after all they need to sell so why not reinvest on open market ?
- another ii

Take your pick who is buying in the background but remember most red trades are buys

IMO I think a lot might he surprised how quickly OPL226 moves.
Covid isn’t helping with the speed of progress but it potentially has to a degree, my take is that the Nigerian government rely on the O&G as it makes up 80% of the government’s annual income.
Given the lack of new licensing, this drilling OPEC cuts and reduced global demand expect the government to be reaching out to investment to get that cash coming back in....

Nice to see that 0.44p on that list

My opinion on the share price the other week was this:

Atomic owner is the other TR-1 holder in the trading account.

They bought stock low and sell into every rise. We were 10% up then retraced back to 5% yesterday.

In turn holding back the SP and making money in the process.
If you recall that holder sold into the last rise and dropped to approx TR-1 - 4.7% then when the SP dropped they bought that stock back to hold above TR-1 - 5% +

They will want the SP as low as possible knowing the value of Atomic and the NPV on our SP so will want as many shares as possible.

Could be wrong but if it is them that sold that chunk yesterday we should receive a update to a TR-1 in the next day or so.

What I do find strange though is why the MM aren’t letting this move North unless they have a heap of buy orders to fill in this range.

Closing in on that £50m MC

ii love the £50m MC will they get on then or wait till Atomic Deal RNS lands.

Blue day everyday till news drops but look g strong today and MM well positioned for movement GLA

LB28 WGAF as long as he delivers Atomic, current NPV £240m with possible increase on confirmation of Chinese % plus rising oil price and increase output from miscible flooding.

The only thing that should bother shareholders is the SP and that it is going in the correct direction.

Having a little b!tch and moan on a BB when sentiment is becoming positive could be conceived as negative or de-rampy.

Horses for courses and when the SP is 700-800% + times higher will you really be that bothered ?

Primed to move MM closed that spread right up, it’s not going to be long before those traders will be selling and not getting back in cheaper it’s all going to fuel the fire. Looking good here, will be nice to see this reflecting true value which imo is 0.6-1p before news.

https://twitter.com/mrcod72/status/1366316952088686592?s=21

Good chart showing a breakout by Dave but we need to break 0.4p and hold this time, volume good, just need to keep it sustained and keep momentum going GLA

This MC is a joke it’s now becoming a running joke on Twitter that Atomic could buy us out with the proceeds of the sale.
The fact that this isn’t in the 0.6-1p range is criminal.
NT to buy for the average PIs why large buy orders are worked at these levels when the MM should be letting this rise in anticipation.
We have a lot of ground to make up to reflect true value before news lands on Atomic or expect a blood bath as PI and ii trying to get in on news and anything up to 700-800% rise at this re-rates to true value of the high NPV

The whole market seems to have opened down. Not just us so wouldn’t take to much notice of it.

However, MM make money but buying and selling and if your daft enough to sell at these levels they will be happy to buy and flip.

Unfortunately MM are in the game of letting it go on news and fluctuating it up and down to make their money when there isn’t any.

15 March is 10 trading days on Monday yes 10 days. News can fall anytime from today onwards and I’m not expecting it to go down to the wire.

With this in mind those that are currently holding have nothing else left to do but wait, those waiting to get in on a RNS best have fingers and funds at the ready and have set RNS notifications.
As this hasn’t risen substantially in anticipation on news expecting an absolute blood bath as PIs and ii s fight over each other to get in.
BIG RE-RATE coming here expecting 3-5 backs minimum on positive RNS telling us Atomic is signed sealed and delivered.
If Art also confirms he has mopped up and bought the Chinese holding and we own 100% of Atomic this could be a 5-7 bag on news.
The additional Atomic holding adds 35-40% on top of that current NPV of £240-250m so pushing that NPV upwards of £324-350m (increasing daily with WTI price)

Have a good weekend all switching off away to do some painting - GLA

No trades posted for the last hour or so. Next 20mins should see any delayed or worked trades popping up if there is any.

Another blue day slowly rising but it’s good it’s going in the correct direction GLA

MM are playing games and trying to control the SP and keep it in this range.

Look at the trades. A lot of trades have been duplicated then cancelled some close together some a handful of trades a part.

Both buys and sells then printed again with a minus next to it.

My guess is a large buy order is been filled

Welcome back onboard.

Click on my name and check my posting history have some fag packet calculations on previous posts but as always DYOR

Atomic are selling as they purchased the land and carried out surveying drilling etc before getting g into production when the Oil price was sky high, taking in a lot of dept.
Due to Covid-19 restriction and lockdowns around the world from Q1 2020 there has been a decline in demand.
Those aware will also know that the 8th March 2020 OPEC asked producers around the world to cut production to factor in the above. Russia refused and increased production to sell to Asia. This is when Saudi Stepped in and increased their production causing the price wars.
Over production and lack of demand seen producers pumping but no one buying, with storage facilities full world wide the cost of a barrel of oil fell to minus $43 per barrel. This had taken a lot of stabilising to this point.
Atomic still has overheads, dept repayment and as such found themselves in a hole they cannt get out of, they have no money to increase production by using miscible flooding and factoring in their dept it’s not financially viable.

COPL done this deal at $35 per barrel

Oil is now $63 per barrel

Unique opportunity well executed by COPL BOD

COPL, in Thursday’s statement, noted that Atomic's federal leasehold is in good standing.

Atomic holds 52,250 acres of contiguous leasehold in the State of Wyoming – as a combination of fee simple freehold leases; state leases; and federal leases.

The company also noted that Atomic has secured drilling permits required to continue to conduct the majority of its operations on the critical federal leasehold. Moreover, COPL said that in the future, if federal leases are restricted, operations can be conducted from adjoining leases with directional drilling.

Also, it added that the Atomic assets have new infrastructure and direct access to pipeline with no legacy abandonment or reclamation liabilities.

At Barrons Flat, the facilities are state-of-the-art and environmentally responsible, the company said, with zero gas flaring, minimal methane emissions, and its electricity is sourced from a nearby wind farm.

52,250 acres or 81.64 square miles
If this calculator is correct https://www.worldlandtrust.org/get-involved/educational-resources/area-converter/

How much is that land worth?

https://www.worldlandtrust.org/get-involved/educational-resources/area-converter/

- What is the potential oil and gas reserves of this area?

- Atomic already have applied for licence allocations!

- This is so so much more than the basis of the current NPV.

- IMO most haven’t seen the full picture, this will be a mid tear company in no time once everything drops, only growing as production flow rates are increasing recovery.

- And cash flow allows us to develop and drill the 52,250 acres.

- Also NPV rate increases dramatically once we acquire additional Atomic holding from silent partners (Chinese) what does this add additional 25-35% to the NPV?

What’s PIs thoughts on this?

So using a mean figure on the $/£ exchange and original NPV @ $35.

For PIs to simply calculate a ruff figure in £ for up to date NPV (£) times the current WTI crude barrel price by:

X 3.77
Current price - $63.27

NPV - £238.5

Calculation has been adjusted to show increase strength on pound over dollar. Gives a slightly more accurate output of NPV.

Spending his profits on flake lol

Rammer - in regards to your post “be interesting to see if gas injection works”

One of the proactive investor interviews Art done he comment on this topic.

The miscible flooding has been calculated by the engineering team by using a simulator.
Why initial targets are to increase output by x3 he said they are confident they can easily surpass this.

Additional stake in Atomic from Chinese investors to increase atomic to 100% holding.

My opinion is that COPL/Art have already secured the additional holding from the Chinese partners (they have to sell).
The additional $20m (part of) will cover this.
The next RNS will tell the market that the Atomic Deal is completed and in addition to this they have required the additional stake and we own 100% of Atomic.

This will massively increase the NPV.

Details of finance repayment possibly set out in line with increased production to repay the lender.

Milestones and dates for increased production and revised (increased figures) value.

Strange how when the SP is climbing and it’s NT to but with news on multiple fronts extremely close you would sell.
Few going to be kicking themselves when this jumps up 3-5 bags in a session!