Member Info for Isthisawinner

What's gotten into you all, your all huggy, huggy.....its just not normal for these boards..lol..gla

Wtf...

Nor sure about the revenue, but the net profit is small

Also, Copl may not be paying Cuba any oil revenue from sales as they are in default atm.

If I'm reading this right, Cuda has to sell by October
Except for an oil put requested by Tallinn, amendments to the Senior Credit Facility agreement as a result of Credit Facility B will not include any additional financial, operational and environmental covenants. However, Tallinn and the Company have agreed to engage a sales advisor by August 9, 2021 to pursue a sales process, including the opening of an online data room by August 27, 2021. Additionally, the Company shall execute one or more non-binding letters of intent by September 30, 2021 and a binding offer to purchase by October 31, 2021. As previously communicated, further rationalization of assets and/or funding through share issuances, private placements, restructuring of existing or new credit facilities, non-core property sales, increased production from core properties combined with improvements in realized oil and gas prices received and/or a combination of these alternatives will be required to continue as a going concern.

It would be to Copl's benefit if they held back on the ramp up and spent more funds on the infrastructure now to benifit later, as It would apply more pressure to Cuda financial position.

What do people think Copl's chances of getting Cuda's share ?
Cuda are up to their eyes in debt, they have just borrowed an additional $4 million @16% per annum and I think one of the conditions is they put themselves up for sale. All that is well and good but what third party would be interested in buying them when their is a dispute with their partners, which hold the majority of shares. Copl are playing a hard game here and I think they could win, if so, this would be a massive bonus for the company.gla

Cards on the table, I have about £4k around .3 and have no intention of selling, full stop, happy to let it ride with the view of selling at 3.5 in the near future if we get there, if not, no real worries, I think my investment is safe at .3 and I invest in shares as a gamble ...just like the rest of you. Now I have another £3k that I'm willing to gamble on opening day...but how is that going to pan out ?, I for one will be willing to pay up 1.2 for trading on opening day with the view this could go anywhere. Look, we know the potential, Tom, Dick and Harry are taking about Copl atm and with hype (pump) this could go anywhere next week....I would welcome other views on the subject...no abuse required, just your positive/ negative view...otherwise, please stay quite..gla

Come Tuesday, the Copl seed that was planted some 6 months ago will pop out of the soil...who on earth would be harvesting so soon, the oil field is new with many years production ahead at a low cost, then there's talk of oil hitting $100 as world economies come out of covid, the company has just started its flooding program with the expectation of greatly ncreasing output, a possible deal to buy Cuda's share and finance agreed if its needed.....all that without mentioning Nigeria, I can't see many institutions selling too early, this little tree could bare a lot of fruit in the coming months..gla

Have their backs against the wall and are fighting back. They have just raised an additional $4 million, which has to be repaid in November I think, I also think one of the funding clauses states they have to put themselves up for sale. My only guess is Copl have made a low ball offer, which they refused, now both are are taking positions for a fight. One thing in our favour is that we are the largest shareholder which must give us more clout in discussions.

Cuda will try to come back fighting, but as I said before, their backers would rather cut their losses and accept a low ball offer than throw good money after bad, remember Copl are the major shareholder and they call the shots. Copl are going for 100% and they will get it...gla

In the right direction at last...gla

Read between the lines, nobody is interested in the product and now Trev just wants to get the last drop of blood from the company by creating an illusion that developing the product themselves is going to be a game changer.

Lol...

At best 12 is on its way....

https://oilprice.com/Energy/Crude-Oil/OPEC-Sees-Oil-Demand-At-100-Million-Bpd-Next-Year-Despite-COVID-Surge.html

Evan, you are correct and even better for us...gonna be exciting next week ...gla

Bought for $54 million as a distressed company, real value at the time possibly twice that,
So let's say fair value at the time was $108 million.
Then increased oil production x 50 % ....let's say now worth $150 million
Increase in oil price by 75 % ....let's now say now $250 million
So my call is 3 x times present sp....1.14 fair value
THEN WE HAVE THE UNKNOWNS !!!!
Increase in oil price
Increase in oil production
Nigeria
Financial backing to expand

SO MY VIEW IS ....1.2 base, heading towards 4 with updates...Gla

Serious re-rate if FDA comes good and I can't see why not...gla

In the right direction, keep them coming. Gla

Haven't reached the placing sp yet...gla