Member Info for Charlie1984

Nothing will go up in a straight line, traders and profit takers sell at various levels on the way up and the SP will momentarily retrace, it’s what creates a market and allows the SP to climb but more importantly flush these guys out.
This share has always been an afternoon performer. Just let the RNS get digested, filter the traders and de-rampers who have a clear agenda - GLA

LB28 back with his negativity............ boring.

Caught out by this RNS?

Don’t like it move on rather than spam this board!

Those investing in the stock will see near term bags, long term gains.

You are investing in a company with an increasing curve not decreasing like many.

This company has an outlined its plan to increase production output by the way of miscible flooding x3.

Figure look fantastic in the RNS. Those that looked will also see that all figures and NPV rates were based on light crude at $35 per barrel yesterday we hit $61 per barrel.
If you wanted the perfect storm you really get it here, everything dropped nicely into place and expecting to see this as a mid-cap company.

If your new to this share check out some of my previous posts for SP calculations based on oil price and NPV give in the RNSs

Clear run to 0.7p show us the way GLA

Cometh the hour, cometh the man. Art has certainly turned the tide here nothing more to say from me but congratulations holders and well done GLA

Predictions from this point is initial very near target of 0.6-1p

Overall a good day, my opinion of a good day of flat or blue as long as my investment isn’t decreasing in value.

Today’s rise was well overdue and hopefully the start of things to come, Friday tomorrow so even without a RNS I feel we will start to see PIs taking positions and hoping for some big volume tomorrow.

Everyday is a day closer to news, don’t know about everyone else but I’m starting to get excited. Will take a 5-10% blue day everyday please from now on in MM till the big news RNS drops then you can let those percentage gains race up on the re-rate GLA

Head back into the books starting a dissertation so otherwise occupied but will be checking in throughout the day and multiple RNS notifications on.

Yes, she’s ok with it but under the condition once it doubles we top slice half to get the original investment back.
As I have already loaded my ISA up and have additional shares in my trading account it seems a fair proposal.
Will top slice my current holding at 1.5p and leave the rest in to run as a believe this could be life changing in 12-18months.

She is a little reluctant as I am heavily under water in PREM, been in there 8 years ish and six figures down, as you can imagine investing more raises a few eyebrows.

Inclined not to trust my figures?

Figures given are taken from the NPV of $185m in the RNS of December.
The NPV was based on an at the light crude price of $35.

Calculating a current NPV based on the price of light crude at $60.59 this was a live price on the open market, not plucked from the sky.
Given that the price my fluctuate +- $1/2 I don’t think my figures where to far away.
After all I used a factor of 50% of the NPV figure which is more than conservative.

As for making up I am buying another £20k worth, not my style and as seen with delayed trades of over £100k mine will not influence the SP.
I wouldn’t suggest that PIs by on my recommendation or the fact that I am investing another £20k.
What I would say is that there is adequate information in RNS and pod casts out there for PIs to draw their own conclusions, I always invest after DMOR not on hype or recommendations by others.
I’m sure others do the same, buying £50k worth of stock in a company with a MC of £27m hardly makes me Warren Buffett.

As for the suggestion that we will not see any further dilution “$4m worth of shares” this was my interpretation of the RNS and the agreed finance we are awaiting on. If I have got this incorrect and PIs feel its misleading I can only apologies.

After all this is a BB for discussion where we can have like adults discuss our interpretation of information, RNS and forthcoming activities.

As always people DYOR and do your own fag packet calculations if everyone arrives at a similar outcome it might suggest that we aren’t far away - GLA

Needed to convince the wife with a little bit of rational to get her support to take another £20k worth of these with cash out of the savings.

Atomic Deal was at a cost of $54m

Simplistic breakdown of the staged US$54m acquisition cost:



• Deposit (non-refundable): $1 million (completed)

• Initial Debt-Financed Payment: $8 million for 15% of Atomic's Working Interest in all of its leasehold on or before December 31, 2020. (Completed)

· (Note: If the acquisition does not complete, the Company will retain this interest)

• Assumed Debt: $26 million at closing

• Total Additional Debt and Cash: $15 million at closing

• COPL Common Shares to Atomic Shareholder(s): $4 million priced at closing

$26 + $15 + $4 = $45m (total dept finance awaiting to be signed off)

I draw your attention to the final bullet point. $4m is priced into the $45m dept finance we are waiting to be signed off so there is no more dilution to shareholders.

The $4m will be used to purchase share from the open market. These shares will reduce the free float available and require a TR-1 to be issued for up to 9-10%

Art has also secured an additional $20m finance if required (no more dilution)

NPV Oct 2020 was $185m this was at $35 per barrel of light crude oil

$185m divided by $1.39 (exchange rate) = £133m

At time of calculation (yesterday) Light crude was $60.59.

£133m divided by $35 = 3.8

3.8 x $60.59 (current light crude price)

= Current NPV of £229.9m

With a current MC of £27m would be 8.5 bags or 2.3p

If we use a 50% factor initial target would be 1.15p

From this my rational is as follows

Finance deal completed: 0.6-1p
Atomic deal signed off: 1-1.5p
Increase in Oil price/ output: 1.5-4p +

This for me are initial low ball target prices. Without sentiment, positivity or buying pressure these figures are based solely on added value.

What I will also ask you to consider is what $4m or £2.877m worth of share buying will do to the SP. this will be one of the largest individual buys of stock this share has seen in one go.

The impact the buying pressure will have and the confirmation of another massive holding which will not be far off our other large institutional investor. Between two of them holding approx 20% of all shares in issue.

The market hasn’t woken up, not all PIs have woken up, the herd and institutional investors will be waiting to pounce.
The buying pressure under all the news flow is going to be like a bust dam it will be out off control with PIs forced to put orders in with their brokers or paying NT how far will this spike the SP?

I for one am excited, I for one am loading up and feel strongly following my own research that reward dwarfs the risk her with the current MC being consistent with the minimum NPV value of 15% holding of Atomic - GLA

Tiburn - there is a lot of noise which seems to have drowned out Nigerian OPL 266 licensing.

Strange as all hopes seemed to hang in the balance of OPL 266 until shareholders were informed about Atomic in December 2020.

Since then Nigeria has become somewhat of an after though imo for PIs as the excitement has been Atomic, Atomic, Atomic.
However, I am of the opinion that as a junior dealing with big players we could have found ourself in a dog fight that we couldn’t win, one that seen us bullied or controlled to a degree due to our market positioning and share price / cash in bank.
Well Atomic changes all that, we can now stand our ground, we can fund our way and we can hold out for the drilling and to see the oil gush. I truly believe that this deal is not only transformational in the way of monetary value but in at strengthening our stance and allowing it to compete with major players and partners going forward allowing us to hold our own!

The market may well not believe it till it sees it because it seems to good to be true but opinions and sentiment will change in the beat of a RNS and everyone will want a slice of the pie.

Near term bags, long term gains, this current SP and MC has something to offer every investor or trader out there, build it and they will come, once Art delivers this will rise and rise high as milestones are reached and production output increase so will the MC and our positioning!

Once everything we relied on OPL 266 has become the icing and Cherry on top of a big cake ! GLA

After ****ing a gun there is only so much squeezing of the trigger before the gun shoots and the bullet explodes.
COPL is loaded, the finance will be the ****ing of the gun the pulling of the trigger will be Atomic sign off.
With the upward curve to the life cycle, increasing output and rising SP there will be no stopping this speeding bullet once it gets fired.
Certainly a lot of large trades starting to appear more regularly which is only the start of what’s to come - GLA

£100m MC is only 1p ish a share

Given the original NPV was $185m or £133m (today’s exchange) @ $35 per barrel of oil and oil is now at over $60 at $70 it would be double or £266m I don’t think hitting 1p on deal completion under these circumstances wouldn’t be too pie in the sky.

Listening to the interviews by art he is in talks with the companies supplying the gas/chemicals of the miscible flooding so I am hoping the order is in and we will hit the ground running fairly sharply.

I also dont think a company with a producing asset with the ability to ramp up production x3 as soon as the ink is dry why this couldn’t be a minimum of 1-1.5p or £100-150m market cap.

A share price factors in the NPV, and a factor ratio for the increasing curve v life of asset 40years as well as positioning in the life cycle.
We don’t have exploration costs we are hitting the ground running. Oil price massively recovered from when deal was struck and continuing to rise, production will be increased using miscible flooding.

What you will find is sometimes of the market is once bitten it’s twice shy meaning that we are t rising in sentiment, anticipation and the positivity of closing the finance / acquisition out within weeks.
Mentioned before it doesn’t matter if the SP is a hare or a tortoise it will get there by rising daily gradually or spiking on a re-rate which is what I believe we will see here.

Hoping within the Atomic RNS is milestones and timelines and time frames for increasing output production.

This will then see the SP rise freely in anticipation of each milestone.

What’s is also worth noting is that at a 0.5p SP or £50m market cap it becomes de-risked to institutional investors who will want in once everything is signed off. This will also attract the herd as shares in issue get swallowed up. GLA

*two different events not seller

As the $4m shares will be on a weighted 5 day average PI believe that the finance completed will be RNSed as you say you don’t get a mortgage then your key the same day it’s often up to a week or two.
With this in mind the hip would be that the SP would spike on finance RNS then completion of Atomic deal would catch a stronger 5 day weighted average reducing the amount of shares to square this away thus reducing shares in issue to a minimum rather than 1billion approx at current SP.

This is why PIs are talking about it as two seller are events nothing more

“One bit of bad news”

A ruff calculation on the 15% of atomic is more than the current MC and SP.

I really do believe this is the bottom in fact if anything i would a ay just under the bottom as the market will need figures from the initial quarter we have held Atomic at 15% to calculate value.
I’m sure Art and his team will have well prepared the RNS with current facts and figures on atomic and the projected / forecasted milestones that his technical team have calculated on the simulator once miscible flooding is injected into the well.

With oil prices rallying back to almost pre-Covid prices and cuts to OPEC output you can only guess that once we start coming out of Covid and getting back to some kind of normality that oil will really spike as demand will start to dramatically increase. Can personally see it back in the $90-110 range within 12 months.

Expecting an increase in volume today with the 15th Feb given by the finance company will PIs risk being out of this over the weekend. The sitting on the fence waiting game is running out of trading days to get in.
Would be nice to see the 14:30 hrs RNS to catch both markets and see a scramble to get in before close. Every day is a day closer volumes will be massive here on the first sight of news GLA

No share will sit a a given price constantly your correct as it has a positive or negative fluctuation.

I have done calculations based on Atomic only which can be found in my listing history.

I am of the opinion this SP can have the legs to co tongue to rise weekly:

-Finance completed
-atomic deal
-purchase remaining Atomic firm Chinese/Partners
-Increase flow rates to X3 miscible folding
-Continued recovery and increase in oil price
- Acquisition of Coal Creek
-Acquisition of other Assets
-Nigerian Licensing
-Nigerian Drilling started
- Nigerian drilling results (if positive)
Could go on but think that could be enough to get us into the 5-10p range easily

If you only have 1m shares

1p = £10k
2p = £20k
5p = £50k
10p = £100k

You get the gist

Only made £50k at 5p 5h!t where else you making money that good on a £2700 investment in 10 months I need to know

Hares or turtles even, auto correct on my iphone

Laughable this BB.

PIs that class themselves as LTH spitting venom. PIs that bought last year panicking.

Firstly: What is the big problem here?
If you were one of those that bought in early doors Atomic looks to be a massive, massive life line as you only had the hopes of this delivering coming from Nigerian Licensing (and due to Covid that looks strong be on hold)

Secondly: If you bought in recently on rumour of Atomic deal you need to get a grip.

Already happened:
- initial talks Oct 2020 (behind the scenes)
- Dec offer accepted for acquisition of Atomic based on and oil price of $35 per barrel NPV $185m
- Initial fundraising to purchase 15%
- Aggressive stance over the Christmas holidays to reach agreement terms with finance
- Latest finance RNS confirms $45m agreed and additional $20m (they aren’t going to give finance let alone additional finance if figures aren’t exceptional)
- £400k loan repayment settled in cash (most probably terms of finance)

Ongoing to be RNSed:
- Contracts changing hands with terms of agreement for finance (expected 15th Feb - Finance company dates)
- Finance received (hoping for a week to clear and contract for Atomic to change hands which increases the 5 day weighed average)
- Ownership of Atomic oil now $60 per barrel and rising
NPV now approx $280m (at $70 will be $370m)
- Purchase of Coal Creek
- Increase out put at Atomic x 3 using miscible flooding
- Buy remaining stake of Chinese/partners to own 100%

Even if things are delayed for a week or two the speed this acquisition has happened of phenomenal, especially taking into account the holidays, C-19 etc

Plus why we are waiting the oil price keep steadily increasing so it’s a win, win.

If it’s not jumping 10-20% per day so what, it will need to re-rate on on finance/Atomic deal hair or turtle guys!

Sit back and relax ......... GLA