Member Info for Charlie1984

https://twitter.com/mikec841/status/1345688032171720705?s=21

Just a note to calculations. All calculations should be multiplied by the P/E Ratio

Example:

https://www.investopedia.com/ask/answers/012015/what-average-pricetoearnings-ratio-oil-gas-drilling-sector.asp

I believe that sentiment and positivity will carry this share well next week and beyond, until the positive news flow takes over.

We are in a great position. Further strengthen our hand with Atomic deal , licensing by end of January and those that haven’t already got in will be fighting to do so (only need one of these to get the ball rolling)
I was in MSMN back in the day and sat offshore and watched it jump up 200,300,400% in one day then continue to rise jumping from the 8-11p range to the 55-60p range.

A company can see its SP compressed so much because of news flow, waiting on licences, cash flow issues or financing that they can drift lower than a fair market value, almost priced to fail.
Then BooooooooooM one or two bits of news click and it helps cause a chain reaction and the SP re-rates.

£6m cash in the bank
Atomic Deal (unknown till a week or so ago)
Financing in place
Revenue from deal disclosed to the market
MC re-rate based on revised NPV
Licensing issued opened the door to a number of options:
1) Sell stake
2) Drill to prove asset then sell
3) Retain interest, funds from Atomic to fund our share
4) Project produces both O&G not just oil
5) Income
6) Rising O&G price increasing value
7) Possibly of buyout worth more to company due to life cycle

Shaa would be a excellent way of grabbing the markets attention and also sustaining a healthy rise

Eddy makes perfect sense though and a very interesting view which could be bang on the money

The post was part of a thread which was originally started by a PI looking for information.

The post was a continuation of this.

As for bursting my bubble I would rather see initial revenue stream into the business. This is what Atomic adds.
Drilling a new licence area and getting it into production costs money.
This is going to be either further dilution or dept finance. However, having Atomic which can be ramped up with dept finance in place would free up revenue stream to advance forward with our other projects when the time comes.

Closing out Atomic is therefore my big hitter to be transformational for the business and PIs investments and the key to unlocking a lot more.

Expecting a re-rate on SP upon deal, so happy to keep adding as and when funds are available.

Nigeria are reliant on the revenues created by the Oil & Gas which makes up 80% of what the government takes in annually.

I am 99% sure we will see licensing, it was already in process just delayed due to Covid.
I have posted before about how the government believe they are correctly positioned to deal with Covid-19.

As rigs are brought in by Sea they do not need to come from Nigeria, this limits movements within the country as a rig will come equipped with its own drilling team I expect no delays once everything is in place.

Due to working in the O&G I know two things for certain in the current situation: Riggs and drilling platforms are readily accessible and available, as well as relatively cheaper than before.

I am also expecting the it will not be done face to face as expected rather than over Skype given the current global pandemic.

Not long to find out - GLA

https://www.oilandgas360.com/mozambique-license-awarded-and-nigeria-update/

http://www.canoverseas.com/wp-content/uploads/2017/06/OPL226-Project-Summary-May-2017-Final.pdf

Large sells going on for last 3 weeks I’m sure Shaa was counting these up must be in the 800-1billion range minimum

Late reported trades after hours

13:07:20 0.238 19,122,267 Buy* 45.51k

Here is to health, wealth and happiness to you and your families for 2021

Think it was mentioned end of Q1 so March.

Holdings RNS

Shaa - if I was a family member of a friend and was approached by Art who told me big things are coming early Q1 would I like to take place in a private placing would I be interested - YES

Now would I be selling down here or as you say would you be waiting for that news to land before considering selling any - NO, waiting for increased SP or holding long term as I want dividends and larger return.

Cannt imagine he will have mates long if he tells them he is away to do this that and the other and he doesn’t after they invest !!!

The issue for those sitting on the fence is that they are going to struggle to get in without paying a premium.
There has been talk for weeks of the price going to NT, what do these guys / girls think is going to happen on appositive RNS confirming licensing or Atomic deal.
What seems to have gone under the radar is that we own 15% which we would have owned since the inception or first date of transition being the 1st December 2020.
I believe one poster has mentioned previously that even 15% at current output is worth a monthly revenue of £700k or £8.4m per year.
What ever ratio you want to use to calculate a revised NPV on this alone demonstrates that the current MC is massively undervalued.
Anyway I’m sure your all grown up enough to DYOR, why you are I will be continuing to load up - GLA

We are buying a operational Oil & Gas company in Atomic.
We have been given the daily recovery rates, these rates we have been told can be increased by flooding the wells as per my previous post which will increase output and income/revenue stream.
As it stands regardless if they proceed or not we retain a 15% interest. However, as per comms the CEO wants 100% ownership which is 100% of profits, in most instances previous costs/dept and be offset against income so there is a possibility that we will save on the 13% tax.

Company now sat with in excess of £6m CASH in the bank, crazy low MC and a very, very interesting January and Q1 approaching

Company will look to improve recovery and increase production by using a process called miscible flooding. CEO talks about using a mix of natural gas, propane and butane as solvents however, there are other viable solutions such CO2 or nitrogen as solvents to increase oil recovery.
Below are a couple of links that will take you to a diagram which demonstrates the process.
I think what is exciting about increasing the flow of wells is that there are a number of techniques to aid this, this gives options which can reduce and sustain a viable cost recovery solution.

https://www.intechopen.com/books/carbon-capture-utilization-and-sequestration/co2-miscible-flooding-for-enhanced-oil-recovery

https://www.netl.doe.gov/sites/default/files/netl-file/CO2_EOR_Primer.pdf

No problem.

The link can be used for any O&G company just pop it into the search bar

https://www.sharesmagazine.co.uk/news/market/LSE20201216070005_3816097/Acquisition-of-Atomic-Oil-Gas-LLC

https://www.google.co.uk/amp/s/oglinks.news/canadian-overseas-petroleum/news/amp/copl-agrees-to-acquire-of-atomic-oil-gas-llc

“ Acquisition has a high NPV asset at a price well below traditional metrics: Proved(P1) value of $101.7mm (net of royalties); Proved + Probable(P2) value of $185.8mm (net of royalties)”

https://www.evaluateenergy.com/Universal/View.aspx?type=Entity&entityType=Company&lType=coInfo&id=9755&componentID=co

Last link has a fair bit of additional info to what we know