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What a bizarre Post from DGF. See how many of "The Group" Likes that ?

“Art and the jv company will know how August production is going”. You don’t say !! Bravo. Top of the Class that one..

Doesn’t take them long does it ?

Panama predicting £1 and even £2 but cannot even get SP prediction right 24 hrs in advance. Many on here chasing their Averages. If they get there what do ya think they’ll do then ? Hang on a bit longer ?

Cash left of just $2.5m caused “Going Concern” in FEB re inability to service debt. So we add $14.8m (Less astronomical costs $2m ?) via BH and GGS came in not more than $4.3m. As of 30 June we had $5.2m Cash and almost certainly to be below $5m as due to Oil production at 1000bopd ish due to GGS Work. I’m going to say we have $4.8m Cash left as of mid Aug. Certainly not more.

So we know that in 6 months at 1000bopd we loose between $4 and $6m. Senior Debt serviced.

I await to see what happens to Cash figure at 1750 or 2000bopd / Because if it is maintained around $5m by year end / then there is a clear thread on what production level Copl become Cash generative.

It was a little pointer from the Big man in recent RNS. I certainly took it that way anyway. Oil price up from $70/$73 H1 to be factored in.

I expect it won’t be as simple as that as many variables but it can give a good guide.

I am talking before year end. Hey if he blows 3000 out of the water / then let’s see an RNS re expectation. So far the Big man has alluded to 1950. Or Cotten me if I’m wrong…

A billion reasons to buy shares but 3 Directors left ? 2 certainly left to cut costs. But not before they signed off a hefty Pay Rise to the Big Man. Doesn’t add up. All that Oil and fact is he just doesn’t drill to substantially increase production. Also he never raises or accumulates enough cash to be able to drill (Carries Risk if failure). We still haven’t enough cash to drill now despite the $14.8 BH injection at unrestricted price conversions. We have less than $5m left despite GGS coming in under budget $4.3m max.

Now I think this GGS will work. Absolutely. Get production up above 1750 to 1950 and then a shade over 2000 but not above 3000 without drilling.

Any sane individual with a billion barrels underneath would simply drill a nice little Well and grow nice and steady and let the Well pay you back over 18 month.

LOI is just that. A LOI. Some say LOI usually takes a month. Well we absolutely know it will take longer (Looking that way).

Art always leaves the Company needing to visit the Bondholders for sustainable reasons and I expect this LOI will be no different. I can see that the more cash we can put into a Project ourselves / the better any deal will be. The GGS should support that ability as it gives us a higher base.

Basically if Art can prove the Oil flows (Solve the Waxing) then money should come flooding in. It’s about getting us to that point.

At the moment the Oil gets to Market by Oil Tanker which is a bit prehistoric and so with PRB being of Increased Activity recently / One would hope that Copl can be part of a much bigger plan.

In the meantime the current Financiers cannot seem to fail with this one. Art doesn’t care about the Private Investor. Why would he ? We can get in get out anytime we choose. And he’s made PI pay with SP destruction. But the Financiers have certainly not lost.

Peekaboo Beesty. Not worried in the slightest. Every .2 it goes up I make a grand. So it was a good marker for me to re asses. 5.1 and it pays for itself. However / Truth be known I really did think we would have to wait until early 2024 to see 5p due to the Bonds doubling the Share Count. But happy to be here in the game.

No way 5p tomorrow. Just my opinion. A little too soon,

Behave now Panama. A good day for the SP.

They’re all Trolls on DLA . What can ya do ? 🤷‍♂️

Unfortunately Stas showing himself to be a Creature who operates 24/7. Yes I said it could go to 3.2. It went to 3.25. Thank you. I said I would add if it went sub 3.5 and it did indeed go sub 3.5. I was a little greedy in holding out for 3.2 but now it seems to have gone. Unlike some of you I am not on DLA every 4 week.

In future I’ll categorise every decision I make and keep you all informed shall I ? Nope.

As I was right. No need to be ashamed of this. Especially when people like your good self seek to character destruct. When Truth is spoken / The response from a closed mind goes through 3 key stages. You’ve achieved the first stage. Didn’t take you long. ATB.

I think you’ll find I called the SP spot on Ass as I was asked to do for the COP THU and FRI. If you read the thread correctly. Big Ask for you I do realise.

Sorry. I am assuming you can read a thread correctly but obvs that beyond your capabilities.

No Ashwaldo I think you’ll find I got it right. I was asked to predict SP before COP FRI and I did get it spot on. Cheers mate.

This is good sign. It took 2 days Trading only to allow those (For Example Finally Retired) who bought at 3.5 to now be in Profit. I would have added but it never quite got to my Target below 3.2. They (Market) know it’s PI buying and they absolutely do want them to chase their own money and so to be in Profit so soon is Positive. I have not followed Trading today (Arr hemm) but I suspect that there was a late uplift ?

I attribute it to the belief that GGS will deliver as Art promised. I’m looking for 1750 average for AUG and 1950 for SEP. We will have to wait as Art will drag it out.

I will listen to Biztech ? You Tube Video later.

A Good day today.

I’m here to make money just like everyone else. Art is a proven master of SP destruction and so I’ve looked at this and expect a Reverse. Not to dizzy heights of double figures though.

Not on the GGS he hasn’t.

He has no idea how it’s working. Let alone better than expected.