Member Info for dougb189

Lol, but it does make one query just how savvy these bitter LTH’s are.

Nice analysis Tiburn, thanks also for sharing.

Your est. 8000bod (which now appears to be on the conservative side of the recent simulator model figures), still comes out a wee bit short (by c.1000bod) when set against the est. 15% figures for OPL226.

Currently thinking that once the Atomic deal has been done, the quickest way to then reduce the effects of any further dilutions (eg. NOP’s 27%WI &/or CNOOC’s 15%WI) may be thru the immediate purchase of the additional 10%WI in OPL for a meagre $6M, again sending the sp north. An RNS to that effect maybe...

It’s appreciated Yankee, as Hoping describes its a terrible system that keeps the Pi’s in the dark whilst entertaining the ii’s who are currently hoovering up loose shares.

Lol, but your dolphins might be more apt for day traders, dancing in & out of this every day. A more apt description, which is very much used in the crypto world, would perhaps be whales. Most of these guys have been slowly scooping up well before the ii trawler fleet arrived..

Definitely a good day for enjoying a sundae sugar rush:

CNOOC & COPL sit at the table,
CNOOC & CNOPL then shake hands.

Lol, but I don’t see CNOOC giving up their assets so easily, but will be possible be an umbrella corporation.

I queried the initial $8M deposit as some investors were thinking it was being used for further gas injection whilst i was thinking it was part of Atomic Senior’s pay off (in addition to a further gratuity of $4M worth of COPL) but neither was correct. Cathy explained that ‘..the funds ($9M) were utilised to reduce Atomic’s working capital deficit which was $16M at the time. This was at the request of Atomic’s lender. When we close Atomic will have a net zero working cap deficit...’

It could be then concluded that part of the initial $40M loan to COPL will then be inclusive of funds available for initial running costs (perhaps to go for the additional P2 assets ?), again suggesting, as many thought, that the additional $20M loan could be utilised to buy out NOP &/or CNOOC ?

In reply to the query of a possible dilution, to facilitate easier trading for our Canadian investors ‘... i get this quite often. There is a good time & a bad time to do consolidations & certainly management & the Board are aware of the eventual need to do so. Once Atomic is up & running, producing & providing a lot of exciting news is the time to consider this..’
Cathy explains that this would then probably have to go to the shareholders for a vote at an AGM or a Special Meeting & that ‘.. the shares are fungible on both exchanges so Canadians can buy and sell on London too..’. As some Pi’s have already said, a good success story can come at any value of sp, so guessing it will be very much sentiment driven, tied into possibly an avalanche of good news: NOP 27% &/or CNOOC 15% &/or OPL226 15% &/or AM buying another private jet?

The sun is indeed shining.

Big money US bonds currently being moved around by the Fed, the QE measures then being moved into less riskier stocks for the same interest, less grief for the same return.
Excellent sign that valued stocks are holding up well.
COPL looking v.good.

I believe there was pricing in the presentation, I recollect seeing the P1 & est.P2 production costs in one of the charts? That seemed to take care of the additional $20M offer.

Puts, me looking at additional equity, once the 1st acquisition has been cleared.

Not if there is a prospect of further acquisitions.

Once we have the 1st three acquisitions out the way, then the cash generated could be used as the deposit on subsequent acquisitions. $6M on OPL for starters.

Guesstimating a round figure of 1.5B OS, inc NOP & CNOOC.

Good results on OPL then see 10p.

‘...very sensitive, hope nobodies feelings got hurt. The amount of estrogen in this chat room is palpable..’

Could have been written as ‘dry your eyes Princess’ ?

Think i got the gist of that; penny shares equals poor liquidity.

Soooooo... IF there was, say, another ‘rinse & repeat’ for acquiring... eg. an extra 43%WI, then a 10:1 or 100:1 consolidation, would bring in lots more liquidity, whilst also resetting the undiluted figures. Suggest it to AM, it sounds feasible.

0.7p is possibly the target price that AM is seeking for Atomic Senior. It then gives 3% of the company to the old geezer, which will then become a v.substantial figure, when 100%WI is acquired and of when AM gets to start production on the 15% of OPL.

Double your estimate.. if there is No update on 100%WI
Double again, IF there is.

Placings overhang finished, when last Friday saw almost 1B shares traded, and all the free float then acquired by HNW’s.

The MM’s will find it difficult to regulate the sp & the mc, once this starts moving, a lot.

Then risks wild swings, if the warrants are converted when this is at say, 2p. The extra 20% OS would then prompt large swing south. Suspect that AM wants to prevent that, hence presentation. Suspect also he may then do the same to take us up to the next tier, after the decks are cleared.

As per December;
4.8B OS @0.25p & mc. C.£12M.
c. 100% dilution, then saw placing for 4.5B OS
The sp then stayed the same (floated diwn to 0.22’ish)
The new mc was then £25B.

Similar will now happen here, now that an extended date used.
HNW’s & ii’s then soaking up any spare, but free float reducing.

4.5B placings, of which imo 2.5B have been rinsed.
A fair few are still retained. Free float is not as big as thought.
After the placings, then come the warrants.
The extended date is possibly to see these converted.
The sp will remain low at 0.35, but the mc will rise 20/25%

Of course there will be intermediate RNS,
everyone recognising this is undervalued
& the MM’s are keeping it that way.

Will be a similar play when the 100% dilution was passed thru,
The MM’s are awaiting 2.25B @0.26 to be converted,
The sp will remain as is, but the mc will rise 20%. ish

‘..still looking like we have a player at both ends..’
which was the interpretation from yesterday’s Presentation,
ie., AM possibly looking at clearing the decks, prior to hitting c.1.5p+
& that with the decks then cleared, he could perhaps rinse & repeat to then obtain the other 43%WI. Possibly. Perhaps. Lol (missing my Costa breakfasts)

It works in our favour as, the lack of any production during the severe weather will have Atomic senior grateful that there is a new outfit, with sufficient cash reserves, then coming in to take his development forward.

What's the thoughts on the lack of RNS :
'..Im astonished this completion date Mar 15th and the increase in projected bpd by 40% wasnt issued in an update RNS..'? Which was similar thinking here.

It keeps coming back to the '..it will be completed by..' but yet, an audit report can fall at any time.
Guessing that AM wants the warrants settled, so that he can then progress with further 'developments' with respect to the other 43%WI... The original dilutions were done at 0.2p, which will then see a healthy return, say 1.2p up to 2.0p and beyond. Possible clearing of the decks prior to round 2 ?

Presentation is good, it shows that AM has factored in the $4M worth of warrants at c.0.33p. There then appears to be an extra 200M shares attached to warrants (as per staff pay-outs), in effect the figures tally with Daeceon's summary, so his figures are looking pretty good.

That would suggest that Atomic senior then walks away with nothing for his last 30 years of grafting & developing the field ? The $9M fees you suggest are then... 'used to purchase field improvements....for the new owner..' ??? So what does Atomic senior get out of the deal ?!

The charts show that there is no significant gas injections in January, that there is then a hysteresis effect, of almost 2 months prior to the outputs then increasing. In addition,January was also written off, courtesy of the weather. This will have worked in our favour.