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Caw Caw was right even if he didn't say it lol, it does NOT say in the rna it was produced independently,
If you read the disclaimer on the last page of the report it clearly states the report was produced for Copl.
GLA.

Great work form eleets &doug,
the plot thickens lol.

Sorry Ironhide may be i was a little harsh,
your daily comments on sp are not without some merit,
but blanket statements about our situation without some facts to back them up . hmmmmm.

Atomic purchased for $ 54 million when WTI was $39 lender approved,
current WTI $82 making purchase in excess of $110 million now,
do the maths,
or do you think the lenders are idiots too.
Mcap 47 million .
Do the maths.
GLA

Sorry Ironhide but i can be silent no more,
if you think it is priced in then you are brain dead and do not understand how to calculate the figures for yourself .!!!!!!!!!

Agreed Shaa,
but even if not imminetely it will come ,
i would like to buy some more lol,
so low sp for a little longer would suit me lol.

I am sure there are those who will be surprised and worried after reading the oilexco expose,
Art is a go getter and I hope he still is, I am not here to make a few pence, I want much more than that.
It was a different world and a different scenario back then,
Art made mistakes clearly but as mentioned before he is a driven man,
he will have learnt from his mistakes and would not want failure to be his legacy.
Lenders will not let him have a free run again ( note our current lenders control of spending ),
Banks and institutions due diligence is far more thorough today.
Offshore exploration is massively expensive compared to on land.
If Nigeria does come to pass we have a partner and a senior partner so all the checks and balances are in place for the skittish amongst us.
But for exploiting a known field Art is your man.

Now back to the current situation.
Firstly to the documents ( Give ) gave us,
SWP are 100 % operators of the unit yes but nowhere in the lease document did it say we have 100 %WI so my view of the deep drill is unchanged it may apply to that one tract of land but still the March RNA applies until we are told different, if you blow up the tract map they all say bar one read ( Atomic oil & gas llc ET AL ) ET AL being the significant part,
but curiously tract 19 close to the southwest corner is different stating ( Chesapeake llc et al ),
curious.

When we completed the Atomic + entities purchase in March it cost us $ 54m when oil WTI was $39/ bl.
Today it is $82.07 / bl.

TO PURCHASE CUDA.
Tallinn now senior lender $13 million
BFI inc through receivers owed circa $40 million
Shareholding 45,536,200 @ 0.055 cc / share $ 2,503,364. ( bfi 19.98 % ) .

Therefore.

Tallinn will want their $13 million ( original interest rate 12 % )
Receivers @ a generous 20% $ 8 million
Shareholders which I would like
Art to pay $ 2.6 million.
WI $ ??????????.

If Art could purchase Cuda with Alberta gas included south of $30 million would be a fantastic deal
for us.
An average increase of 30.02 % WI over the 3 fields ,

I will not try to quantify the possible increases in revenue and reserves better men than me will do that.
But it does not take a brain of britain to work out that at anywhere near this price ( - hedges probably ) is another coup or cuda for us lol .

Therefore no news could be good news but remember our senior lender will have to be convinced and consulted along with all the other parties, AND THIS WILL TAKE TIME.
GLA

Good Morning everyone,
Tried to find out what happens to their US holdings,best i could find was this,
https://www.lexology.com/library/detail.aspx?g=3166b4c3-ce11-42b2-8ef3-5f5d26170463
Section 2 of Broad Exemptions to the CNOOC ban seems to imply that if we are a JV, then they and us are unnaffected but it is not crystal clear i admit lol.

https://finance.yahoo.com/news/bridging-finance-inc-acquires-control-230000621.html
https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00015378&issuerType=03&projectNo=03164032&docId=4874357
https://www.bloomberg.com/news/articles/2021-07-22/blackrock-canaccord-said-in-advanced-talks-to-buy-bridging
Here is some light reading to show that the Cuda situation is very complicated, someone posted earlier that bridging's loan was against the Alberta gas prospect I could not find if this was true or not , but what I do know is they hold 19.9% of Cuda's shares so receiver would have access to the Wyoming asset through that route.
Tallinn are owed 13 million and as Bridging subordinated to them before they were put into receivership
so they have first bit of the cherry.
They owe money to many stakeholders the BOD are a really selfish bunch ,
their Alberta gas field workers had to take them to court over unpaid salaries and won ,
Atomic had to take action against them previously for unpaid expenses.
( So I have to disagree with you Hoping this BOD deserves nothing ).
The Alberta Gas field is running at half the production it was a year ago probably due to
company mismanagement,
(and in light of the current gas market maybe useful in it's own right ).
But my point is the situation is complicated.
The upside for Copl could be enormous over time controlling 85 % WI, the deeps on BFU and CC
could add much more to reserves and production over time, so would be well the effort to gain.

I know that currently everybody on this board,
( by the way I think this the best board on LSE many different faceted posters, many serious researchers )
are hungry for news , I am not so sure we should be worried abo,ut the lack of it ,
as Tiburn mentioned earlier would it be in AM's or our interest to show anything until Cuda is in the Bag,
for the reasons I pointed out above it may take considerable time.
So I urge fellow Copplers to be very patient, we all thought there were many bags to be had but
Hadron scuppered that from the off,
but I still think we will get the result we crave but it will take longer thats all.
AM is a driven man who feels he has been slighted in the past (oilexco ) and currently the shorters Cabal.
I have worked and supported over the years a few driven men ,
they have many faults often need the influences of calmer heads but the two things they all had in common
were they would stop at nothing to achieve their goals and then to enjoy the recognition of their achievements.
So I urge my brothers and sisters to let the man do his work because the ultimate achievement
of driven men is success.

I think this will turn out to be exactly the situation Tiburn,
the silence from AM is actually deafening ,
Cuda must be his target , as it opens up all the possiblities in Wyoming.
If AM pulls this one off at a reasonable price it will be a second masterstroke and everything else will fall into place from it .
Go for it Art.
GLA

As usual Tiburn you are right on the money ( literally ), as i think you said earlier all the pieces of the jigsaw are on the table but Art maybe struggling to put them together in the right order lol.
I hope you get an answer to your email , because the comms part of the jigsaw is disaster after disaster.
I did say before he should hand over PR to you, frankly in concert with you this board could do a much better job.
i think Hoping has said before that the companies Pr advisors are useless and that certainly seems to be the case.
But taking all that into account once the right people finally get the correct information on the possibilities here there will hopefully lol be a snowball effect ( by xmas would be good ), then we can spend our time analyzing how far this can go instead worrying why it stubbornly refuses to rerate.
GLA

I agree MK and with you and Shaa,
For the ii's it cannot good for business to risk being stuck at this level, once they are sure we are on the move properly they will act, it is not good for their positions to have money stuck in limbo , i think there is a possiblity that more are waiting than even us supporters realise , after all it is their business to sniff out the good opportunities, and i would not be surprised if we are on quite a few radars in the background.
LOL!.

But Noob you realised the you signiificance of it and i think you were correct.
Lb you may also be right at the moment while the games are still being played out in the market , ( my much beloved brother and a far more experienced investor than me said he thought we were being shorted from the off after Hadron dumped and his view has not changed since ), he thought it was smaller licensed traders taking their few % on most days since then , regardless of the Cabal Arty talked of .
But seriously LB the facts ( Thanks to MK Barnes for todays research and the Tennyson report ) do not lie !!!.
I am sure the bigger traders are well aware of the chance to make several bags on this company and will bide there time until the games are over or the right news from AM comes forth.
When they decide the time is right they will make their move and we will move to where we should be.
They will not be bothered by a few pennies each way on sp , when they see the movement they want they will not want to miss out.

Noob i think you are probably right and the 100% applies to this well only at the moment , Cuda and CNOOC would have to be offered the opportunity to participate in any future drills into the deep if they decline again to pay their shares of costs they would also be 100% copl on leases we hold , other than CC which only Cuda would be able to participate in ,any new leases near by federal or otherwise would be totally ours subject to agreement with the property holders.

The way i read it they only do the sweep if there is less in the acc than the monthly payment , it does not mean they take more , its a good thing allows AM to increase production to the maximum possible over the shortest time .i agree with Tiburn it looks as though the fastest route to success would be to do as little as possible on BFU and concentrate all possible resources on the 100% deep unit , the Cuda situation will come to a head shortly , their main lender ( Bridging Finance Inc ) have just been put into receivership to the tune of 2.4 Billion ( receivers Price Waterhouse Coopers ), they hold 20% of the Cuda shares , they subordinated to Tallin who are owed a total os 13 million and have first lien.
So if Art has no legal obligations to do the BFU and CC drills next year he would better of waiting on those and do the drills in the best interest of Copl.
Also if other suiters for Cuda realising this would make the prospect less acceptable.
On the other hand if one of our larger neighbours were to take cuda , they we would be in a position to participate in all 27 % off all the drilling costs so either way we would grow faster.
GLA

Great work as usual Tiburn,
Just for information , there have been no shares traded in Cuda on CSE since the 5th,
did not even show an opening or closing on their board last night could be just the nature of the CSE board ,could not find any evidence of suspension though maybe Caw Caw would understand this better.
GLA.

Once again Tedoboy and Tiburn have their fingers on the pulse of the possible situation,
in light of the thinly disguised threat by US laid out in the link below maybe AM wants to maximise all the possibilties in our new backyard first.
https://www.thisdaylive.com/index.php/2021/10/03/us-may-sanction-iocs-in-nigeria-others-for-hydrocarbon-production/
There will never be a better oppurtunity to gather up the WI of Cuda , and in light of AM's spectacular handling of production increases i am sure it will not have escaped the notice of Cuda's senior lender Tallin.
I am sure they will not want to have to explain to their own board why they will have to right of so much money.
Surely a deal could be done to satisfy all concerned and help AM to move production forward as quickly as possible in Wyoming. (maybe a cheaper loan structure included for us as well ).
Just some thoughts .
GLA.

Showing up 10.14% + 2.90p on ii app now Shaa

Go for it Yacht lol,
Just going of this boards No's there were 16.15 billion trades from relist until the day before consolidation , thats a hell of a lot of dumping lol.
i'll let everybody draw their own conclusions lol.

Yacht if people are betting long on rising i am not against people making money, but i was not refering to that as i think you know, i am just against shorting betting or otherwise, another canadian oiler in Namibia , Reconafrica is being heavily attacked by a shorting company ,i don't like the idea of trying to inflict failure or profiting from forcing failure.