Member Info for leew

Antha, a long time ago I got laughed at for suggesting I would have been happy with a sell out at 5p. To me that was what I thought a take it or leave it last chance saloon price could have been and as such I got my average to a level where 5p was good for me.

I still maintain see where it’s at in a few weeks and see what the guidance is like, because it that shows a route to profit then we have a producing oil company with profit insight and reserves/resources based on current bookings that puts it much higher that a £9m market cap. We were taken down to a £9m market cap early in the year before a rebound, as let’s be honest other than a few PI’s selling the volume comes from other sources so it’s goes where them sources buy/sell at.

It’s a tough day, tough news, and a very simple RNS.

On a day like this don’t read better the lines just read what’s been written, accept it, and then decide if you still feel the company is a good investment from the current levels. From my side it’s an easy answer but you can only make your own choices and go from there.

Hereshoping, I believe the price was at sub 2p due to the BH, the share price will remain at the point the BHs actions put it, but like you and as I mentioned this morning, now without the JV (currently) they will lose what little liquidity they had in the coming days (obviously not today lol) at that point if the financial mechanics stop via the BH then the sp might rise to fairer value or a value they can reach some better liquidity.

The market cap for a producing oil company with the reserves/resources we have booked is still nonsense today like it was yesterday and a week ago.

Well no-one can say it’s not going to be an interesting few weeks here now. The RNS was short and abrupt, where typically there is more detail in this type of communication so let’s wait and see.

Doc, you know that determining if something is priced in to a company on news is not done with 1hr of trading started, like I said see in a few weeks.

Doc, I have not said it will bounce to 5p on this news!!!! I have said the JV was never really priced in and the current sp is where it is due to BH’s as everyone keeps saying so then the flip side of the coin is it will still be where the BH wants it to be after today. If some PI’s head for the doors of course it will drop today, but that does not mean a JV for 1 billion OIP was ever priced in, as the markets never believed and they were correct. We will find the real answer out in weeks not today.

Stas, that was sort of a consideration I had but the next few weeks will tell us more. As for atlas they have either made the worst 50m buy in history or believe they have a reason to buy that quantity lol.

Doc, no we are not we are about to see that we are about to see what PI’s were just in for JV, and who does / doesn’t understand the company. We will also find out what the BH do now in the next few weeks as I no suspect anymore selling in not a lot of liquidity (in a few days) will not be beneficial to them so now without the JV sitting over COPL I suspect their strategy might need to change.

Money is not the concern production is the concern.

If production can get to the right levels in our production field, which is now under the new GGS and pressure increase programme, then COPL is a profit making company in months and it’s priced today to fail

It’s never been priced in, so the markets will do what it does but the current fields we are producing from and their resources/reserves alone cover a much higher SP.

With the JV gone the irony is the BH’s might actually need to take this up now to get to a SP where people think its offering fair value as with the JV not still there currently its all about the current producing field.

It’s worst case share qty prediction on everything, at these SP levels it’s not feasible imo.

Trujack, to get to that level of share qty that assumes all are convert at around this sp, which I don’t believe would be possible as there would not be the liquidity at this level to absorb transaction(s) of that nature.

So after taking the QTY of shares at worst case, you take the positive side at its worst case upside. And declare it would be lucky to achieve that.

Time will certainly tell but COPL has a sp were it is due to BH’s and the deal they were given, it does not have a sp because the assets, resources, and reserves and potential is lacking.

Find the companies with the sp disconnected from value take a position and then wait.

If the company can perform and meet targets, which I think it has actually done since April, then the disconnect remains exactly that and one day the music stops on the financial side and the disconnect closes.

Yes this was the bottom where the BH stopped last time and it pinged to just under 5p quite swift but time will tell what the financial mechanics allow this time.

Not sure why prediction has been removed so I will restate it again and it is only my opinion.

End of Nov - 1300-1400 bopd (Nov average 1200)

End of Dec - 1500-1600 Bopd (Dev average 1500)

End of Jan - 1700-1800 Bopd (Jan average 1700)

End of Feb - 1900-2000 Bopd (Feb average 1900)

The above can be considered conservative give what could happen but even conservative it’s good news.

If COPL is funded to end of qtr 1 with 1100 Bopd then the above pushes the no funding aspect beyond qtr 1 even with reduction in POO.

It also the hits the fully funded for 2024 level around the end of QTR 1.

So conservative it maybe but it still puts COPL on the road to success .

If I am wrong and they ramp up pressure / production quicker it’s just a bonus.

All the noise is agenda driven posts always RBM so can’t disagree with that.

Hopefully RBMinvest COPL can start releasing news on progress, projections and future direction that stop 80% of the conjecture, the lack of meaningful news vacuum is being filled.

Here is my humble opinion on Bopd.

I doubt they will go from 1100 ish on mid Nov to 2000 ish in a Dec update as I am assuming that they will take this up slower this time based on the disaster that was created last time they just cranked the pressure up!!!

I am assuming they could get to 1500-1600 quite quickly and then go up in 10% growth every 2-4 weeks to stabilise it and confirm no issues.

I really really hope I am wrong but based on the fast ramp up last time I can’t see them making that mistake again.

My guess is they hit 2000 ish in Feb / March and then go beyond that so by May/June they will have hit the 2000bopd target for 2024 and then between then and year end they can achieve more that a 2000bopd year target that they communicated.

Would happily have my expectations smashed apart by the management, it’s just I see the above more realistic. We all know what could happen with a fast injection increase, but if you were managing the situation would you increase the pressure quickly like last time.

What a shocker, the drop from 2p to 1.6p was a BH selling and not due to detrimental company performance as advised over the last week by people helping. Strange the help coincides with the period of time on the VW

Interesting information TIA, thanks for the update will take a look later. Maybe why a LOI was needed, because as I said normally a LOI is in place to provide the parties to invest more time and cost into the process knowing their is “intent” to proceed, which is then concluded in the contracts/legal phase.

Currently I can’t see how COPL can be doing this without support.

Prophetus, of course it won’t be curtains, it would be another investment round given the assets they have.

Also the GGS is not fingers in the dyke it’s replacing the weak link in the system that was identified when the field Injection rate was raised.

My only main issue with the GGS I have is why would no one understand its limitations before upping the pressure as I suspect with better management the bopd, could have been taken to a reasonable level and then the GGS updated rather than upping the pressures ASAP, and finding the limits, and then dealing with very low bopd for a year.

Basically it seems the best approach is to switch off, listen only to RNA’s from COPL, which should be positive but expect the unexpected I guess as we have been caught out before.

I get that Bopd, should increase and based on data it should increase but equally people can say it won’t / hasn’t as there is nothing from COPL other than telling us they will tell us this year.