Member Info for Isthisawinner

Please explai how it was on the balance sheet for December 21, long before cuda was agreed

Look at the dates and let's not start the dog chasing his tail today.....its got nothing to do with Cuda

Cheers, just trying to work out debt v income
The bridging loan will cost Copl £2.5 mill in a few months time and with earnings of approx $2 million net a month atm, I think we're keeping our heads above water. The recent placing should go a long way towards increasing our oil output from the third quarter....

Just thinking out loud...but think we're not as bad as many would like you to believe. Gla

Can anyone tell me what Copl's borrowing is atm, I know Atomic cost $54 million, but this was made up of debt, cash and shares.
I am looking for total amount of debt as of now, grateful if you can send me a link to where this is shown.....ps. not looking for any recent figures re the Cuda purchase.

We must be averaging around $3million plus a month after netbacks, with the ongoing works atm, we should see a nice lift to that figure in the third quarter..gla

Another great step forward, are we going to have more games with the sp today ?

Richier, I think its past your bedtime with a comment like that..
Gla

Stop engaging with the naysayers, Cuda will be done when the appeals time is over and then Art will release the CPR, guessing sometime mid July......in the meantime, chill, gla

Because the board is infected with lots who's only aim is to cause confusion, glath and keep the faith.

The same as our holding in MAST...gla

We missed a bullet, full stop !!!
Art bought Atomic and sold it to us investors on the presumption we would be producing much higher volumes of oil from the gas injection and on that presumption he signed up to the disastrous oil hedge. Now I'm not knocking him for that as I believe he thought he predictions were right, but they weren't. Had oil have stayed around the same price it was when we bought Atomic, we would be bankrupt due to Copl not hitting its targets and unable to raise more funds.. I just hope his gas pressure reduction pipework installation does what he hopes and we start hitting those targets. If we do and the new discovery proves to be be the game changer as we are told...then game on !!!

Art has got us this far with Copl by luck and nothing else, if oil prices hadn't risen like they have, we would be bankrupt by now. All that aside, I think the worst of the storm has passed and now it time to rebuild, we are not out of the woods yet, but with Cuda on our side, hopefully a good increase in production and the oil price staying where it is, we should soon be able to make money...gla and hold for the reward.

All good news coming out lately, just need the big shorter to finish the squeeze..gla

CPR doesn't exceed what Art has already put out, because we will surely tank if the news is good....lol

Today's Rns should have a tad more positive effect on the sp..gla

One box ticked, next the CPR....gla

We're pumping around 50k bpm @ a retail price of around $110 = $5.5mill a month....minus our overheads and royalties ect.
Would I be right in guessing around $3 mill profit pm.....
Not sure how many times earnings is used to put a valuation on oil companies atm, but I'm guessing x5 is very conservative.
If my total uneducated guessing is anyway near right, that would value us at $180 mill.
To me that's a bargin basement price for ...
1. The revenue we are producing
2. The potential increase in revenue when the pressure relief pipes are connected up.
3. The asset itself, which is a new non flaring field at the start of production.
4. Now, let's not forget, the potential monster find that we are about to reveal ( if Art has called it right )
ALL THIS FOR $180 MILL IF WE HAD NO DEBT.
My question now is, is Art going about this the right way, slowly drip feeding the company funds via crazy diluting placings, while all our profits are paid to the high interest loans and ridiculous hedge. My biggest fear here is that the financial backers are controlling Arts decisions to their benefit and by not letting Copl partner.
I could see potential suiters lining up to partner us, let's just say 50% for $100 mill, that would make us debt free, profitable and self funding, plus after clearing out debts any balance would fund our new wells.

I think my above valuations are very conservative but I hope you see what Im getting at and the partnership is the way forwards, better to take your hatched chicks now than leave them sitting in the basket to wither away via dilution.
GLA

List items we actually own and paid for and which would still have a reasonable resale value, also all these deals we are making (or making up !!!), do the generate any hard cash ?.
All three connected companies...kat, kibo and mast are so jumbled up, I find it hard to see what the .... any of them are trying to achieve.
Finally, is it me, or do all three look like they are on life support machines, waiting to be wound up or diluted to death...
I really thought the South African solar project would be a game changer but we walked away...or was it them that walked away.lol...gla

Can't understand why we're not higher given the slow decline we have had for the last few months....let's hope this is just the start of the good news...hla

We're buying at 28.5 in the last placing and that was cheap, hopefully that's the next stop...gla