Member Info for dougb189

Hi mum, Kaylo’s 23:15 post introduced himself as ‘a small fish amongst whales’ where ‘whale’ is now the standard expression on crypto bb’s for those holding significant bitcoins (BTC) and for which a lot of the crypto trading platforms use ‘whale’ for their larger buys & sells (usually a minimum of 2 bitcoins, 2 BTC’s). Kaylo’s previous holding of 8 BTC’s rather puts him in the realm of a whale so his 23:15 could be described as a play on words.. sounds fairly genuine though with a nice lucky streak; BTC’s followed by some COPL.

FIAT are those ‘flat’ currencies issued by governments, the £, the $, etc, all tied to the governments policies (Biden currently massively diluting the US.$ by $2T, so as to feed his policies).

Calving is the reduction by 50% every 4 years of the mined bitcoins; currently 1 BTC being produced every 10 minutes, which after 2024 then becomes one every 20 minutes, creating a finite limitation on the total number of coins that will ever be produced (22 million by 2140) as apposed to FIAT currencies where limitations are imposed by fairly liberal governments policies.

Worth watching if your timescales for investments allow and so the next 4 years should be interesting. There is a rather large spike expected in BTC this year, But would then require 24/7 monitoring.

Fingers crossed that your 2.5M shares gets you back onto the status of being a whale (assuming that the original BTC’s have been sold). With a minimum of 2 BTC’s now being recognised as whale status on most trading platforms combined with the recent drop in its associated FIAT price currently c.US.$40k then would need to realise an sp. >2.2p for you to then regain your status. As a whale. Assuming of course that you don’t still hold BTC.

Can’t guarantee that you will see the same returns gained as previously (Xbox game probably retailed then at c.£39.99) with your fortunate foray into crypto, but would then need to see c.8.8p to buy back your previous horde of 8 BTC’s, as at today’s prices.
Perhaps though if one was prepared to wait for a year or two, then both these scenarios could be feasible. AM’s history of exploration strongly suggests a forward momentum into deeper waters from a North American base, whilst BTC’s projected 2024 calving likewise shows that the next 2 years will generally see a downward slope in price as per its historical graph prior to that calving.

What can be guaranteed though is that this will shortly become a very exciting stock to follow. Good luck in your new enterprises.

* apologies peeps in transgressions but it does bring light on a few new terminologies that were recently posted on the bb, which perhaps all are not aware of. And takes us momentarily away from boil’s, large scotch’s, whips & other interesting reads. Lol., but I blame it on this morning’s several costas.

Interest is certainly ramping up.

Will be interesting to see how the various boiler rooms play this; one or two savvy Pi’s orchestrating lots noise, some comprehensive history, some serious data of all AM’s strengths & weaknesses, plus a good understanding of Current PE’s.
All on leveraged calls.
All still waiting to buy in.

Reminiscent of the hurricane seasons & its c.12 storms annually & the natural side effects of them then ramping up the Poo as the rigs all shut down, then followed by ramping up the banks on the repair bills. Leveraged plays on each slope, when all you had then was access to CNN and an old laptop. Playing against your previous bests or perhaps was playing against God. The quiet version of the original boiler room as seen from your hotel room. Lots of sweat. The wee mini-bar used to get trashed. Lol.
Good luck though to all.

All the rage up here currently, with usually 10 or so then investing c.£1k to 2k on a ‘hogshead’, giving them 25 litres each worth of drams. Interminable waiting. And most doing it just for the pleasure. Lol, but not my cup of tea.

Now, it’s the interminable waiting, till August 1st or it may be September 1st.
Will it be a 21 plate or a 71 plate ?
Dealer’s pencilled in the former but suggested it could be the latter.
Either or, but the short wait will be worth it.

Lol... From this morning’s posts & i keep seeing ‘CUPOLA’
(Or at least an additional 456 bbls/d)
as AM’s next christening..
Then puts any Q&A session into doubt,
with so many ‘negotiations under review’.
& this from the guy accredited 7 licences from UK.gov
prior to Fanny Mae then burning that RBS cheque of £1B.

Makes good sense that the injection upgrade start date was 14th April, with the financials then being in-place. The charts then show an almost 2 month lag from start of injections to there being a decent rise in flow output. AM just playing safe with taking 2 & 1/2 months to notify market, through various delays.

An informal Q&A session would possibly be AM’s approach if any hiccups was then to materialise but it looks as if all going to schedule with June 29th still pencilled in for firing up the troops.

Perhaps a bit concerning that AM’s oft cavalier attitude towards shareholders then sees the bare minimum of updates being posted through UK channels. It is the main market for the company and although it does not carry the same evaluations on O&G as the USA (with its Forward PE’s of 38 & current PE’s of 26-28, being the USA localised sentiment) the UK sentiment is not too far behind, which one would have thought was then worth AM keeping his main shareholders current with all news releases. Lol, but guessing there has perhaps been a few pounds lost, and a few more late nights, chasing those elusive deals.

Lol mum, but i do think that between yourself and shaa, you have both helped to get a response from AM as per last night’s Sedar notice. Much appreciated x

Can only suggest you re-read the December RNS bud.
FCA were/are proactive which AM commented on.

Audit delay (if genuine) & worst case imo is that Atomic Senior was being robbed from in-house. Though he now stands to do very well with his holdings in COPL.

So it sounds as if the FCA may be reading the bb...

As posted often enough.. ‘arty is being poorly directed’

And what’s always been apparent since the December 18th RNS is that (1) the FCA have been proactive in the RTO process, giving AM guidance since he issued the original prospectus in Q4 last year (perhaps putting their noses out of joint with those oft repeated claims of the poor direction being given to arty) and that (2) the very same RNS highlights extremely well that AM when left to his own devices has no qualms at all with misleading these that are not in authority.

Lol, but it does all kind of suggest the FCA are now being ultra cautious.

Q&A is simply the easiest way forward IF there is a delay.
I suspect that there could be several reasons inclusive of various ongoing negotiations for then making AM consider a delay. All of which, imo, are good. Hence a Q&A session might be raised.

Cuda’s debts were converted to equity which then put the creditors with a significant controlling share of the company.
That imo makes Cuda a stronger negotiator.

Would agree Noob on the lack of clarity.
Is why i suspect any delay might get preceded by a Q&A session.

We would be valued substantially higher than the COPL who initially enquired into the additional 43% WI. And IF there was the probability that Cuda were interested in selling, AM might then try approach the table as the minnow that COPL currently are, in effect stalling the RTO. And stalling is what some investors classify the current delays as.

Would simply be that it is not the end of the world, IF a delay is raised.

Suspect that the bumpy ride may yet not have started. As per Shaa’s reply ‘there are no problems’ but I do wonder if AM May restart the RTO if say he has been successful in acquiring additional WI.

Re-listing in 3 weeks then looks to be sending COPL into mid-tier territory and at which point their negotiations for additional WI then get a wee bit hampered. If 57% then equals say, a quarter of a billion £‘S mc, then what are those holding the other 43% going to start asking for...

Half suspecting AM May well throw in a delay. And the likeliest way of doing this will be by raising an open meeting... an open Q&A session.

June ?! Lol.

Good miscible flooding results will see a premium then attached to AM’s name as would any further increases of WI, in Wyoming &/or OPL coming online.

Market waiting to see if the CPR figures can be realised or if the January estimates can be realised.

AM now playing it patiently. A difficult game perhaps. He has though shown strong perseverance in keeping the COPL team together.

Golden oldie?! but perhaps The Clash classic might be..
‘should i stay or should i go now,
If i go there will be trouble,
If i stay it will be double...’
(Sure that HFB can do some choreography on the lyrics!)

Lol, was waking up the old man after the pub had closed on a Saturday night and then turning up with The Clash rebel album ‘London’s Calling’ and vibrant Mandy with the very loud bright orange Mohican. Good times & good tunes x

AM patiently putting the foundations together.

Those initial production figures will then hopefully alert the market that AM is back in business as a hands-on oilman again.

Thinking that Essar are simply finding the funds for 10 new oil rigs for the Gulf of Bonny.

Apologies bud, it may have been one of your references.

Lol, but way tooo much information being inputted by this bb, into these old grey cells.

That value is only for the American sector bud.

The ‘forward’ metric seems to include the estimated 5 year attrition rate for the companies operating in that sector.

For the USA O&G E&P sector, out of the existing 278 companies then 72 are estimated to be off the books by 2026.

And so nice to know from Tiburn’s earlier reference, that our playing fields, are now in very hot demand.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

The American O&G E&P sector now with revised figures:

Forward PE 38.64