Member Info for jiddy123

What a great track, & very relevant here.....
https://www.youtube.com/watch?v=ErvgV4P6Fzc

CUDA Closure imminent, Final RS Report soon & FD Drilling Program Sept/Oct.

Harry - succinctly put my friend!

Free - CUDA Closure first methinks. The time for Appeal expired on 18th June, & I am sure that paperwork was instigated in advance. I am curious to know what the purchase price was, given that part of that was a debt to COPL.

Final RS Report by the end of July IMHO.

GLTA genuine investors!

Like 88E in March 2021, this could rerate on a whiff of news, sentiment or FOMO.

Just wait patiently for the trigger - could be CUDA, IRR, Refinancing, CNOOC, Drilling Schedule.......

PATIENCE, PATIENCE & more PATIENCE. We ALL know that the SP can rerate PDQ.

We now know that CUDA is ours subject to Closure by 18th July at the latest. We also have a very good idea that AM has the draft IRR from RS. It will take time to pour over the copious amounts of info, some of which will need clarification and/or amendment. As AM has already alluded to, expect a few pleasant surprises The Final Report will then be released to the markets, almost certainly AFTER CUDA has concluded. The additional CUDA income will then feed into our RBL refinancing move, & significantly REDUCE our interest payments. AM & RG are looking to tie that up before the end of Q3. We then have TWO FD HORIZONTAL DRILLS in the pipeline targeted for after the Sage Grouse Season post August.

ALL of this is due to materialise in the next 2-4 months, which is NOT LONG at all!

I would suggest that all of you take a chill pill & hold, or sell up & chase the next rainbow. Personally, I am here to at least March 2023, so see how this plays out. I have mentioned 88E several times - check out the SP movement in March 2021. I believe that COPL has similar characteristics, but with a much better platform of opportunities.

Good luck!

BB - he told me the same thing yesterday morning. That is why I posted the "no news is good news" reference. An RNA was only required if an Appeal had been lodged.

Moving up!

Send AM an e mail Bolton!

Bolton - As I said yesterday, NO news is GOOD news. IMHO, only the lodging of an Appeal would have warranted some news, & as there were no objections to the judgement, that would have been highly unlikely. I am sure that AM wants Closure ASAP, so expect that to happen well in advance of the 18th July.

The 18th has come & gone - no news is good news!

IMHO, CUDA closure by the end of June & then Final IRR.

Hi Stas - I am just saying it as I see it! If he said that then so be it. There is not a great deal of difference between 30th September & 1st October LOL!

Let's face it BB, COPL was 38p pre-suspension WITHOUT the new Fed deep discovery!

* CUDA Court decision 4th June
* CUDA Appeal time out 18th June
* RNS to confirm expiry of time for Appeal
* RS Final IRR by 31st July
* Confirmation of Resource 1.5B barrels
* PTD's submitted & signed off by 30th August
* Refinancing by end of Q3
* Road Map for drilling program
* Rig to drilling site October/November

Got to be a quid by the end of 2022 don't you think!

Dusty - you are right! I would expect that COPL have already prepared the requisite paperwork in anticipation of closure ie they are not going to hang around to finalise what is another asset @ a heavily discounted price.

This is not an exhaustive list:
DevilbhoyCawCawstar786dogefatherIronhidegold001WiseOldFoolDeeJayHaitchCoplHodler

bob - let's hope that the increased income form CUDA & the reduction in loan interest from refinancing mean that we do NOT need to CR again in the near future LOL!

bob - once the time for Appeal has come & gone ie 18th June, then CUDA is ours LS & B subject to closure. I am sure that AM will want to get the Closure process done & dusted PDQ for a number of reasons. Once that is out of the way, then RG can action the RBL refinancing. I would suggest that the significantly increased income & the IRR will have a significantly positive effect as to the quality of our prospective lenders.

IMHO
* CUDA closure by 30th June - paperwork already done in anticipation of closure of Appeal window
* Final IRR by middle of July
* RBL refinancing by end of Q3
* All requisite PTD's for Fed Deep by end of Q3
* Drilling rig to site October

Just my spin!

IMHO, this morning's drop is a final attempt to test the resolve of investors, especially those that are markedly down on their original investment or desperate for the cash.

Where is the downside? The only real negative is COPL's credit position which will hopefully be resolved by a new reputable lender by the end of Q3.

Atomic & CUDA were a "right place, right time" manoeuvre, & WTI is expected to remain over $100 for the time being. We have also recouped CUDA's debt, by using it as a credit as part of the bankruptcy purchase. We have a once is a generation light oil discovery soon to be backed by an IRR, & a potential drilling program starting probably in Q4.

I could go on, however the above is enough for me to hold for the next 6-12 months in anticipation of an SP rerate. Like many others, I am probably 25% down on my initial outlay, however I can smell a profit in the none too distant future.

GLTA genuine holders!

Hodler:

Why not simply go off & do something for charity, rather than waste your time on a Chat forum?

Hodler - "The little fact I only joined because I was disgusted at how adults speak to one another"

OMG the peoples champion LOL!