Member Info for leew

Sell up and short then. Just don’t be the one having no chair when the music stops

Almost as if there is an agenda.

Roxi, not sure when it will turn but basically at 2p I threw my last amount I can into COPL based on % of portfolio etc. my SIPP has very low average now and considerably more shares than I expected so time will tell if this benefits me.

I missed the 1.9x trades but if a SP of 2p (market cap of about 10m) is not the bottom or close to it then I would be surprised.

Either way it’s here due to finance mechanics mainly so that eventually it will change and if production increases are seen with the GGS system, the change from these levels could be swift. If a JV comes and is well set out in structure and a decent benefit to COPL the direction change could be vertical but my main requirement is to pass 2000 bopd first.

Basically I look at the potential revenue, the current market cap, ability to be profit making, potential reserves, a small oil discovery, carbon capture and believe there is a huge disconnect. Huge disconnects don’t happen forever as the market can make a lot of money from a disconnected SP.

Must admit I have been watching this for a while and hit a few last week around the 2.3 mark. Not huge qty’s but for putting in to a SIPP seems a good opportunity.

If it goes to between 2-2.2 I would grab a few more as excited to see what the future holds

Well I had decided I was not going to average down more until the sp trend changed but today was too good an opportunity. Average in SIPP is now very low but if the company progress is as I would hope by august/sept I would be keeping them for a long time.

Life is a gamble but speculate to accumulate and still have a further 25% of my investment I could put in to copl ready for the right time.

Time will tell if I am seeing the long term picture correct but certainly believe I am.

Rubbish, the company / art have said very little since the last BH raise, what has been said is only in RNS messages, factually correct and confirms they are doing what they said.

Finnwittrader

I have never said anything about what was discussed in the SAS meeting. Did not want to be involved, was not involved, and anything that was discussed would have been the same as a proactive presentation, which I had no need to hear more words. I just want the company to achieve what it says it will and the last RNS on production started that process. I am hoping another one for end of June to again show progress via numbers not words.

Basically there is nothing more to be said now anyway, other than to wait for the next RNS.

If people researched companies as much as they worried about what some nameless person on a website says then opportunities would be noticed elsewhere while awaiting COPL.

I am very open, I averaged down and have a decent holding but not a huge % of my investments in general, and I will further purchase more when the sp direction changes, which it will once BH anchor is released and progressed made on the other known points.

People miss selling at the top and people miss closing shorts at the bottom as that’s life because the people on here don’t control the movement. My assumption currently is there is more risk not closing a short now,

than selling a holding, so for me relax and wait till the worm turns.

He knows exactly what he needs to break even, there is just no point telling markets what they don’t have to tell them and make a millstone around your neck. There are also so many variables so it’s not a constant figure per day anyway.

Doug, hence my comment on hedge affecting COPL at the 2000bopd point, although reality is I believe the hedge will affect us before we reach that figure anyway, as I assume we will see that sort of figure after GGS has been running for a while, hence my assumption that in August COPl is a different company, and no raise is needed before then so should be good.

Also there is a positive error in my assumption of $70 for oil if you want to also point that out.

My simple maths had zero to do with the larger oil find. My assumption is if COPL have to go alone on that (I don’t think they will / can) then if the base business model and expenditure is cover by the existing, producing fields, then it’s a company business decision on if they want to pursue a raise / funding for that large find and not a “we have to raise to keep the lights on”

Fastfood, yes who knows what 1500/2000/2500 brings in terms of positive cash flow, but again even at a very very simplified level, work out what they produced in the 12 months prior to the raise, work out what they raised and then consider that was enough for 12 months of operating plus stage 1 of the GGS. Then work out what they would need for the next 12 months, without any GGS work and then make your assumptions on all the other variables and you will reach a figure that suggests above this bopd COPL are standing on their own two feet.

The JV is far from their last throw and if you think that you’re wrong. Don’t be the one without a chair when the BH music stops.

There are so many factors / points to what I wrote below but simple maths normally helps find the undervalued shares.

1000bopd - circa lowest point when they needed funding = circa $25m sales @ $70 a barrel

1330bopd - average for may (given improvement works which funding allowed to happen) = $33.5 sales

June = ? Say 1450 = $ 36.5m revenue (that’s $11m a year more than when they needed to do the BH to raise the cash to sort the works out already)

July / august / sept - who knows

2000 bopd = $50.4m revenue (GGS being installed is kicking in?) - new hedge will no doubt will have some effect on money to COPL

2500 bopd = $63m revenue (GGS settling at previous high pressures?)

3000 bopd = $75m revenue (GGS pressures going to higher pressures?)

My personal target to reach and be very happy is 2000 bopd as I feel that level is what COPL need as a spring board to provide options on how to move forward, and I see that as easily achieved.

Would be nice to get another month end update on GGS progress, well make overs and impact seen on the bopd. I am really interested to see what the comments are when the company is able to cover ops, debt and expenses based on the bopd coming out the ground. I still stand by the fact I am assuming that to happen in/around august and the company needs no money before then so interesting times.

yes we have BH drag but fundamentals also come out in the end and fundamentally COPL have a lot.

Yes we have BH drag but if /when that drag stops the sp change should be quite sharp

It has only dropped and stayed static before this one?

The reason is the market is illiquid now and in general does not want to absorb the BH shares now.

Rubbish finance deal but if the GGS goes as expected and production flip to an up trend with the bottom 2 months ago then every day the gap between fundamentals and SP grows and the SP is only disconnected due to the current mechanics of the BH so one day it changes. When the market decides the information from COPL provides an upward jolt, if could be quite a swift one, or if obviously a JV deal is announced the impact could be swifter.

What company is that Cyprus, I like to look at others to keep the brain matter rotating.

Yes it’s good, just got my SIPP sorted out and got a few about 1.5 weeks ago so a happy start on this share.

Cyprus biker, it’s the best way to invest have a portfolio of shares and then when some come along that don’t do as expected (SP) the others help carry the load. My good movers today more than covered the COPL drop so ended the day with more money than I started. If COPL was to do something interesting in the an upward SP movement it would be the icing on the cake so fingers crossed.

Well it looks like all my SIPP was sorted in time as I managed to grab some last week and tuck away for a while so will be interesting to see how it plays out over the next few years

Shouston, COPL just need to show the markets that what it is doing, and doing it successfully to see a positive reaction, which would create enough volume for minor bond holders to leave and SP to raise.

If there are some people who have invested a lot of their cash in here as a large % of a portfolio or as their chance to make it rich then then progress being shown will not be enough to give them a warm feeling.

Still sticking to mid august as the point at which COPL should be looking different and if not I will have to evaluate myself as lots of good opportunities about.

Wish you all the best range1. Brave decision and I hope you can put that money to good use either back in the market or something to enrich your life.

They are wanting out because they invested to make money on the bond deal not to invest in COPL.