Member Info for leew

They have said news this year, just because it does not happen on the day you want does not mean that’s reason to criticise.

I will happy criticise the poor RNA recently with no detail but you can’t criticise the lack of news unless 2023 passes with no guidance

Yes my mistake as well was looking at the filing date in bold and not the transaction date!!!

I would still love to fully understand who is buying them as I can understand PI’s have some and some new private investors but still struggle to see how they have the liquidity at these levels without already knowing a buyer(s) but who knows other than it will be great when they stop or at least pause

Will be interesting if that’s them done for this current SP as that would have a positive impact but let’s see.

Why do I keep seeing constant comments, company is f’ked and bond holders will convert billions at this level. If it’s f’ked how do they convert and sell billions of shares at this level, who on earth would buy them?

You can’t have it both ways it’s either f’ked or they are going to convert billions and people will lap them up at this level with unlimited liquidity because the company has a future.

It how about the relevant parties will do what they want at this level, stop, and then behaves like a normal share and leave the £7.5m market cap joke behind.

Intothedeep, it’s easy money until they don’t have liquidity to sell into and at this sp I can assume liquidity won’t last forever. People say the company is going bust and finished unyet in the next sentence say the BH’s will convert billions and sell to PI’s.

Once the big players have positioned on this news it will adjust back as the market cap is beyond disconnected to a level you don’t see often.

Going to be a fascinating few weeks for sure lol

If someone wants it cheap just take it for 3p and we can all move on, I would vote for that tomorrow at this rate :)

As painful as it is the financial mechanics are working through, there is not a single person who probably believes COPL is only worth this current market cap. Someone on this news has just basically said FU and has made enough in the past on conversions to dump the lot it seems, and with the news yesterday liquidity to do it is not available so you we get this poor result.

Duster, stop suggesting unreasonable bopd for November. Is was 1100 bopd mid November so even a 1200bopd for November means that the second half of November was around 1300 which is a big change in a few days.

What we need is the forward projection and the current bopd when they report to us, November average will not be impressive as it can’t be. 1600-1700 average for November starting at an average 1100 50% through the month would be monumental let alone “you would ok with that”

Stas, exactly the right approach. Share holder groups are not that useful historically from my opinion.

The value is easy to see, look at the price we purchased CUDA for and then look at our market cap and that was purchasing CUDA in a depressed state on about $2 a barrel.

The next communication from COPL is key and the next actions from the BH’s even more so, if they want to keep trashing it below this market cap and have CI companies pop up all over the place then some serious questions will be asked.

The JV cost was never baked in so ultimately we should be easily at a £50m market cap with a production plan in broad day light so let’s see where we are early JAN.

Art123, the GGS does not cause increased production it allows increased injection rates, which in turn increases production. The pressure increases started in mid October and typically before took 6 weeks to impact production and we are now at about 8-9 weeks so improvements over 1100 should be seen.

Stas, there is a difference with what someone feels and When someone would take action via channels that make a difference.

I assume you have already started a meaningful scrutiny of the dealings then with an entity that can have an outcome or just moaning here?

The JV could always not conclude but the key is what happens now. If we get a poor production update (making detail) and or the price continues at this laughable market cap my view was people will push moaning to the next step

Yes it was an over reaction but it was also fully understandable and although I was expecting to be 20% down by the day end it was what it was.

The company has a market cap of £9m. I have a small company where they are in the DFS phase in my portfolio and it’s higher than here based on potential speculation on future value etc. COPL are at the phase of a new GGS and ramping up pressures, and if they hit the magic numbers, which were achieved with a poor GGS, then they can go profitable in the new year. Then take the booked resources / reserves and £9m becomes more ludicrous.

However we were at these low levels due to BH’s so now I guess we are in a position that once the dust settles from yesterdays news the BH’s will set the market cap / SP again for their reasons.

To be honest any significant drop from here and I would imagine 95% of the share holder base would be declaring some form of skullduggery to a level that would probably involve professionals looking at the company and its dealings.

Duster @ 5p would be great now, without knowing the production status / plans :)

Whether we like it or not the NDA / LOI will have wording to prevent all disclosure so I am sure you were not expecting a more detailed explanation today? That said some detail on which party decided enough was enough and some detail on the reasoning should have been included yesterday as the RNA was very abrupt and poorly announced in my view.

Why? At £9m market cap the company valuation is a joke.

Antha, Stop raising expectations on BOPD now.

No one in there right minds expects 1800 as the next update, 1200 will be a result for Nov as that assumes about 1300 for month end and then Dec might be 1500-1600 by month end and I would say that shows a really decent reaction to the injection. We might be at 1800bopd sometime in Jan/feb if all going well with 2000 assumed to be in March would be my , but happily if it’s 1800 in December unlike you I would be getting the champagne out as that would be a hell of a quick response to the injection and an amazing unexpected result.

Shouston, must admit I don’t get the abrupt nature of the RNA, which again leads to more PI guessing rather than closing off all conjecture.

To not provide more detail on why is boarding on stupid at best negligent at worst as the reaction to as easy to see, even with no really JV upside baked in this was going down today although more than I expected as i had pencilled it in for a 20% fall by end of the day but obviously looks like it will be more.

I don’t want some rushed rubbish RNA now on the production and if that was set for the end of the week or between Xmas and new year keep to that and provide detail because if after spending the 4.5m about 8 months ago and now ramping up injection rates I would be very annoyed with a few paragraph production update as I want detail

Unnd, that is spot on and they have always said it’s this year. Being honest I wanted it at start of Dec but accepted some additional weeks might provide some more stability and more confidence on the course they are heading in for production.

To me the next RNA on production is key but not 100% on the numbers more on the details and explanation they provide as to me that will show their understanding.