RE: Lies22 Feb 2024 11:57
Must be lies Lagueule - otherwise known as deception surely ?
RNS of 12th Sept. 22 from AM;
'"The updated reserves of the Company and the significant increase in COPL's 2P NPV 10% to $492 million illustrate the benefit of the timing of our acquisition of the Cuda assets in a high oil price environment. We purchased these assets for $19.15 million with the incremental reserves acquired at a cost of $2.20 per barrel. This is a remarkable metric to the comparative valuation of the 2P Reserves of $15.70 per barrel as at July 31, 2022. We will continue to release updates to the market as we work through our plan as presented earlier this year."
So must all be complete lies, as must have been the 1Bn discovery . Still no answers either from TR;
Who was the JV with ?
Is AM still employed, and if so why?
Why did no gas injectant occur and, if there was, then why no uplift?
Was it simply a case of it costing $300/bl (just a random amount out of frustration) to extract ?
How many people does this company actually employ ?
Why is approx. £60K a day revenue not enough to sustain COPL ?
What were (if there were) the upgraded GGS and pipework for?
The list goes on. GLA Dan