Member Info for magmanus_49

should bounce back, give a few minutes. overdone to say the least. large investors will pay much more, and taking all they can get from Pi here, and mms have taken stops for your information.

all sells being soaked up well. mainly PI sellers here.

doing well here folks.....me up 22% already. :)

not selling a single share here, taking position COLP as well

they always overstate any set backs, and always bounce back...

they have £80M cash on hand. and asset is producing. investors will pay more.

and expect .50p+ before then. IMHO

They have £2m cash, and huge asset base to get loan for the rest - for producing assets with wells already drilled etc. That changes the game here.

40 years+ production asset, is not small fish in this game.

Buy and hold very tight, and don't be fooled by 10% here or there, stay in for 2 bags, 5bags and if you can last 10 bags. imho.

GLTA - you will need as you get your short pulled here and there. But don;t lose you panties in the process....as most have lost today, and coming up with their reasons of conjecture to justify their sell out position. easily seen. But will feel the FOMO as it jumps up in bag to 2 in due course. A little patience, and persistence buying the lows helps it make it all good fun.

few others......who are sold out and talk out places where sun don't shine- so not sure what they are doing here? oh they short then.

Placing looks like it’s been in the sausage machine for weeks on potentially worked. Cannt imagine there is much left to churn, once completed this will fly.
Game-changing acquisition

· 31.1 million Barrel of Oil Equivalent ("BOE") of Proved and Probable Reserves

· Two operated oil fields in Wyoming, at start of their 40+ year life

· ROI over 50% with $2.18/bbl acquisition cost vs a value of $7.52/bbl at NPV (10%)

Current production rate of 1,400 bbls/d (gross) rising to 5,000 bbls/d (gross) in 2022 and c.7,000 bbls/d (gross) in 2026 (2P reserve case, Ryder Scott Report).

Produced crude oil is light (40°API) and sweet.

CEO explains the lottery ticket, this being a 10:1 on current MC with a projected MC by next year of 150-170m x10 current MC.
This prediction is without Nigerian Gov issuing licence sp could be looking minimum 15-20p within 12-18 months

https://www.share-talk.com/arthur-millholland-president-ceo-of-canadian-oseas-petr-copl-l-interview/#gs.ocjiui

sellers remorse will set in.

Zak Interview has just come out too. Zak is looking for .50p+. he has been around for while, and knows all too well.

nwgb....what are you doing here....now that you have sold?

And knowing that you have been bought out. it was easy to sell, now get along...move in to better things. lol.

that 67MILL buy just now is clue of sorts. do don;to worry about you 10k here to there at this pps. @ 42 o so you will bag...

''assets are at the beginning of their 40+ year life with increasing production to a future production plateau''

that;s 40 years of production...expect LOPL to be around for while.

BTW . nwgb, glad you sold low and shorted....double whammy :)

nwgb.....yes, now on your bike. seems like you have never did well. and you seem to sell too soon. you have to buy and hold value for more than 2 hours! lol.

you can short and hope for the worst. lol

Sindey....agree, but why this trades, it is easy to lose your shirt.

Hopingforbags, talk about how elgo srew up price, and then stops get taken by mm's.

So al who sold someone has bought you out. Now when it bags you won;t be here. buy and forget. happy to watch today to grab them on the low. same tomorrow if presented with opp. many will be doing the same - as zero valeu of yesterday RNS now priced. That's how you grab and hold to bargains. So .42 and we bag from here - it was .34[ yesterday so not far....

i low buy, i celebrate. why you so touchy - when getting less than last week price.

this is share works like like this, to 42 is bag now...not .50p 0o .60p :) - that how i see it.

and people here don;t really know what this means, and sold due to fear..of what? their own ghosts.

The new asset bought is based in Wyoming - US hasnt got national tax laws on oil, its decided at state level.

https://www.blm.gov/policy/ib-wy-2018-002

Wyoming average tax charged was around 13%:
Severance Taxes 1 6% on normal production
Ad Valorem Taxes 2 Statewide Mineral Tax District Average = 6.9

So looking at the medium term case 2022 is 5,000 bopd:

"Current production rate of 1,400 bbls/d (gross) rising to 5,000 bbls/d (gross) in 2022 and c.7,000 bbls/d (gross) in 2026 (2P reserve case, Ryder Scott Report)."

They also have an exploration upside to evaluate which could enhance these CPR production estimates: "...unitized exploration area -the Barron Flats Federal Unit (deep)."

Working with 5,000 bopd within two years, 100% owned at $50/b for sweet light crude and 13% tax rate assumed locally.

All the topside infrastructure is in place, lifting costs expected to be low, but assume a conservative $20/b in this high level calculation.

Thats $47m per annum net tax and costs booked profits.

Assuming a PE ratio of 17
Approx $400m market cap without Nigeria asset even considered.

SP potential from 5000 bopd production in 2022 with these assumptions = 8p a share scale

Safe jurisdiction with the rule of law adds value aswell.
The more you look at this deal the better it gets.

so people, don;t know what this means... :)

https://twitter.com/Share_Talk/status/1339556225550266369?s=20

https://www.share-talk.com/arthur-millholland-president-ceo-of-canadian-oseas-petr-copl-l-interview/

quiet excited having bought the low, and off weak hands - on low vol.

from the impatient to the patient.

now less than last week price...duh?? :) - making bags here is easy.....

i and few others bought your out on the low - patience paid here. It always does.

I said they will rape you down here..and you know who you are :) - that was forced to let go - since yesterday from 0.34p, and more today