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There is nothing to say that hasn't been said in the latest RNS...
Would be nice to be a fly on the wall when these talks are happening, but as you say a saving of cash has to be good.gla
Market cap must be below cash in hand atm....wtf
Last word.... re your facts...lol
5000 barrels by Christmas...
RBL...
New wells drilled by Christmas
Buying Atomic to strengthen our case..lol, just means we got saddled with more debt/dilution and nothing to show for it.
Now...
JV and increased lending to but out the hedge..
Who on earth would lend to this company atm, never mind additional monies to buy out the hedge...lol
I won't argue with you, can't be bothered....you win, as with the ostrich, but your head back in the sand and if you can't see the bad s.. , it s not there
Debt interest payments most likely are covered for now, but operation costs are not and if things continue they way they are, with the bigger hedge/ lower price per barrel looming, Copl will struggle to cover its debt obligations and then the real world will kick in...gla
JV or no JV has nothing to do with the fact the company isn't producing enough oil to cover its debt and running costs. A JV is only a desperate attempt to keep the lights on....can we have a few less false positive posts and talk real world...gla
So the new company being bought is basically a merger, so no real loss/gain there re the sp, but the placing and warrants ???...that's a massive diluting to the sp, we nearly need a ten bagger to get back to the last placing price..
So where do people see us in 6 months ?, answers most welcome...gla
Interesting...gla
Yep another mugging....
Too late to buy in now Mr Zero, you had your chance but no guts ..gla
I'm guessing the RBL will never happen now due to Copl's failure to produce enough oil to pay existing costs, how long can Copl carry on with no funds coming in ?
Boys o boys, relax and let them do their work . Right business, right time atm, the money will come.
Remember....if the not knowing is just too much for you to handle, move on and find something that makes you happy instead of spending day after day moaning here...
Because any news from Art is usually fictional, he tells you one and the opposite usually happens.
Is just a smoke screen as Copl desperately tries to find funds to keep the lights in....
At the start of the the year we were doing 60k a month with new wells plan and hopefully 5k a day, but NOTHING BUT EXCUSES SINCE !!!
The oil and our cash has virtually dried up and the debt holders will want their money back before any pi gets theirs...
We the high oil price we could have had a chance, but the hedge has stopped any hope of that....
Don't get drawn into by the subtle ramping that's plain to see is happening here...gla
Cheers
What was the previous ticker here ?
They should make a film about Art's adventures in Wyoming...
I can't believe he actually saddled us with so much debt to buy Cuda for their share of the oil output and then waxed the field up reducing their output too....
Don't be in a hurry to sell, lots of fingers in lots of pies and positive vibes re the IPO.....give it another few months
Seem to be slowly heading south again, what a shame, I thought it was starting to rerate with the possible IPO....Just have to wait and see...gla