RE: Big Rewards Here6 Dec 2023 18:04
Read this Senior Bandito Tibs. It’s your own work back in Q2. A 10 Bag !!! By when ??? Not long to go then…
“c 8000 bopd following GGS and Cole Creek recompletions by year end is possible = SP 40p with this basic linear approach, however sentiment, growing production and forecast stable revenue should add value in period, if RBL gained and SL debt retired more so - we could assume c SP 60p on a conservative basis
Then JV confirmed boost and all this brings by association.
JV with Exxon or similar on good terms, may add another 3000 bopd net to COPL by year end as a conservative valuation, giving SP 75p just on a production basis and upto perhaps SP £1 range by association, a cash up front component, reserves being booked and positioning for asset sale in time following delineation.
All mcap growth triggers are in progress, SP £1 by year end route is clear and viable, no wild ramp as it adopts the current MM pessimism and utterly poor valuation of assets and potential as a basis.
Half that to be ultra conservative and its still a ten bag from here”.