Yesterday's Presentation was a cure for insomnia, however the important issues were addressed:
* CUDA purchased - completion by 10th July ATL * Refinancing to reduce cost of credit by end of Q3 2022 * Fed Deep - estimate is upper end 1.9B barrels of light oil * RS IRR - by end of June 2022 * Delineation well on Fed Deep post August 2022 * WTI $110
The COPL shares are in my pension Drawdown A/C, so I don't need the cash just income. That means I can take a much longer term view. I made £35K from 88E last year, so even if my investment goes .... up it is NOT the end of the World!
Sageman - my philosophy is the same as yours, apart from my Drawdown exposure to COPL being around 15%.
IMHO, this will move like 88E did last year, 0.29p to 4p very quickly. The RS IRR is imminent, & if they underline our discovery then the SP will move rapidly. If you then add in the RBL refinancing by the end of Q3, we have a perfect storm.
As the man says, do your due diligence & only invest what you can afford to lose in a penny share.
I am with you Roharps - the short term deception & disruption spouted by the green box brigade will be over in a few weeks.
* 1.5-1.9B barrels of light oil * Largest discovery in US for years if not generations * Ryder Scott IRR imminent * RBL refinancing by end of Q3 * CUDA assets purchased * WTI $111 * Atomic purchased @ $39
Those are the fundamentals - here is what Niggle little said when he joined COPL in December 2021: "It is clear to me that the Company is embarking on a very exciting period of growth with proven and unproven reserves ready to be exploited by the highly-efficient and sustainable facility in Wyoming. With bright prospects and the opportunity for a re-rating of the stock there couldn't be a better time to join the Company and share my insights and expertise."