Member Info for EyeGuy

24 thousand to 40 thousand barrels of oil per day to come
lets see

hold for asset sale imo. Like EUA. All the deramping scumbags should be ashamed of themselves.

well- the Canadians last night paid 0.29p equivalent on no news so still some catching up to do.

$50 million financing. mcap here is £3 million.
PRODUCTION CIRCA 24000 TO 40000 BOPD.
HOW MANY £3 MILLION COMPANIES PRODUCE 40 THOUSAND BARRELS OF OIL PER DAY?
AND YOU THINK IM WORRIED ABOUT A PLACING
GO AWAY

READ THE RNS FFS:
Submitted the work programme for the drilling of no less than three appraisal wells in the NOA #1 area of OPL 226
· ShoreCan accepted terms for project financing for up to US$50 million of its funding required for OPL 226 from Trafigura PTE Ltd ("Trafigura"), a global commodities trading firm, and The Mauritius Commercial Bank Limited ("MCB"), an Africa-focused commercial bankAdvanced discussions with service providers regarding the provision of services for the work programme
· Progressed discussions with the Government of Mozambique regarding terms and issuance of the Production Sharing Contract ("PSC") governing onshore Block PT5-B awarded in the 5 Licensing Round

ha ha. theres the first "placing coming post" . wow im terrified. They also have talks for finance of $10's millions IF YOU CARED TO READ THE PREVIOUS RNS'S

Suhail- With positive finance news I would expect over 1p

On positive finance news I think 1.5-2p range imo

That’s what I want here. Suspended with asset sale over £100 million.

I think a lot will look today. See no placing and pile in.

Can go up to 1.5p too

Where’s the placing rns that all the numpties was saying would be here. It’s isn’t here is it

BigAsk. It’s all well and good saying that but you have no idea either. There is a difference between expecting the sp to fall, and wanting the sp to fall by convincing others to sell so you can buy. Agree?
Like the poster SKIER on Kat bb and NCYT bb.
He kept posting Kat would be sub 1p and similar on NCYT. Now he has disappeared off there. I’m guessing all those who he convinced to sell aren’t too happy. Get my point ?

The RNS was clear in that the geological chance of success is 100% and the median value was circa 400bcf net to BOIL. And we all know analogous plays have gone for hundreds of millions of dollars.
The only reason why people talk this down is that they are desperate to buy shares. That’s it.

I think folks need to do as they please. I was in EUA at 0.9p and the deramping there was laughable. A lot like @thelongergame on twitter claimed there it was a conspiracy theory between the company and folks on twitter just to see warrants. I think that guy went short at 1p. Now 3 months later and the SP is up 8 fold. If anyone listened to that expert and went short, you could end up remortgaging your house to pay the margin call. Like me, if you are in early enough and like what you see then fine.
I still maintain the quality of the asset vs small cash needed is still stacked favourably at this mcap.

It’s more like 0.29- 4 x more

imo something happening. not the norm. have to see

5 mill delayed buy. RNS tomorrow??

Brilliant day. Chuffed to bits

https://www.thecse.com/en/listings/oil-and-gas/canadian-overseas-petroleum-limited

flurry of buys all in a row